10 Money Mistakes You Must Avoid At All Costs | How To Be Good With Your Money

10 Money Mistakes To Avoid and How To Be Good With Your Money!
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Music Credit: Bensound - Dreams

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

10 Money Mistakes:
1. SPENDING ON DRUGS OR CIGARETTES
2. SPENDING MORE THAN YOU MAKE
3. NOT INVESTING WISELY
4. FOLLOWING GET RICH QUICK SCHEMES
5. NOT HAVING AN EMERGENCY FUND
6. HAVING JUST ONE SOURCE OF INCOME
7. RELYING HEAVILY ON CREDIT CARDS
8. BEING SCARED TO TAKE FINANCIAL RISKS
9. SAVING RATHER THAN INVESTING
10. HAVING ONLY ONE BANK ACCOUNT

[stevensmiddlemass]

50 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

[Riggsnic_co]

The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.`

[bennykendrick]

Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $28K every single week.

[john]

1) Spending on drugs or cigarettes.
2) Spending more than you make.
3) Not investing wisely.
4) Following get-rich-quick schemes.
5) Not having an emergency fund.
6) Having just one source of income.
7) Relying heavily on credit cards.
8) Being scared to take financial risks.
9) Saving rather than investing.
10) Having only one bank account.

[johnlennon]

The rich are money minded. That is one thing I learnt from the start. I have always wanted to build wealth. I have set out $167k that I had been saving since 2020, and I want to put it in the stock market so I can grow my wealth. Any recommendations?

[CynthiaByrd]

THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 52, my husband is 55. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.

[alexyoung]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[bryan]

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lucy Mary Liam

[judithhenry]

Please I need someone to help me trade or invest the forex or crypto market because I’m tried of trading in losses myself. I’ve blown my account twice and it’s frustrating..

[eduardomarquee]

Never stop dreaming. Be hungry and never stop believing in your dreams. If someone can do it, you can do it. Be strong

[lynnetteheiberger]

With the current problem around the world today I think it's best everyone invest more in digital asset than Saving in banks, anyone you can manage don't live a life with no investment . Just my thoughts

[andrewdean]

Startıng early is the best way of gettıng ahead
to build wealth, investıng remaıns a priorıity.
The stock market has plenty of opportunities
to earn a decent

[theultimatemale]

THE RICHEST PERSON IS HAPPY WITH WHAT THEY HAVE, NO MATTER IF IT'S NOT MUCH, CAUSE IF YOU ALWAYS NEED MORE TO BE HAPPY, YOU WILL NEVER BE CONTENT.

[bunnyvibez]

When you're rich and everyone around you is broke, then something is definitely wrong with you💯👌We rise by lifting others up💪

[stanleychidera]

I recommended a professional broker to you guys sometime ago, can i get person who invested with her

Comment below

[alesandrohoxha]

Being successful don' t happen by magic Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 700 guaranteed.

[ellenjessica]

Even with the current dip in cryptocurrency, I’m still glad I can smile 😊 back at my portfolio of $105, 850 built from my weekly trade, I’m having my fourth withdrawal in 10 business days.

[j]

100%. We don't try to impress anybody, debt free AND own a home on a small plot of land. My wife and I drive 20yo cars, don't eat out, no credit cards or loans, found jobs that paid for college 100% and got a degree for free, learned some trades etc. Don't even worry about our credit scores and pay cash for everything, feels great!

[sarahrybicki]

Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.

[c.moeller]

Thanks for this amazing information !! If you
don't find a means of multiplying money, you
will wake up one day to realise that the money
you thought you had, has finished. Investment
is a key factor to wealth. Start now to get your
money right by investing.