6 Money Mistake You Should Avoid If You Want To Be Financially Free

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In this article, we will be highlighting the 6 money mistakes everyone should avoid if they really want to be financially free in 2019 and beyond.

Money is something that is very crucial to our everyday living as it forms the bases to how we are able to meet our needs. Money is needed in virtually everything we do or need.

From the basic amenities of human beings which includes food, clothes and shelter to living a luxury life where you are able to afford whatsoever you need all boils down to money.

Most people focus solely on how to make money but don’t care much on how the money is been spent. This is the major reason why lots of people are in debts.

If we look around us, we will be able to point out one or two people in our neighbourhood who sometimes ago used to have money but now it is just as if the money developed wings and flew away.

This is as a result of carelessness.

I have a question to ask.

Have you ever received money and after a couple of days or weeks the money has finished and when you sit down to evaluate how the money was spent, you found out that you did not do anything really useful with it? Well, that can be said to be a money mistake.

Making money and spending it recklessly has never benefited anyone. But it has only made people broke and live in past glory “I used to have money” and like the pidgin proverb that says “I get am before no be property”.

Most people have a mindset that if they are able to make more money they would be able to escape falling into the money mistake hole but that is false, if you are unable to set your priorities straight and develop a working strategy for money it would be like pouring water into a basket.

As we start the second quarter of the year 2019 and for everyone that is ready to be financially free this is the best time for you to start making good financial decisions.

Here are the 6 Money mistakes you should avoid if you want to be financially free

Having No Financial Plan

The number one money mistake most people make is spending as they receive. Most people feel it is useless to have a financial plan as they find it very difficult to stick with. The truth is if you don’t draw out a plan or what is called a budget you will not be able to keep track of your money. For you to be able to achieve financial success, you must have a plan. With a plan, you will be able to know the thing things you need and want. The moment you receive your salary you should first sit down to outline those things that are important for you and your family. making your financial plan as simple as possible will help you stay focus so as to achieve it.

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