Examples of Money Mistake When Pursuing Money Making Opportunities

Regardless of online or offline money making opportunities, it takes more than just one try to make it success. As it takes several money mistakes to make it right, it will be best to avoid huge money mistakes. Some of the money mistakes are unbearable and might take years to recover. So it will be better to learn how to avoid those mistakes as it will save you lots of money, time and energy. Check out the blog post title “My Biggest Money Mistake” from Yahoo Finance as it shows some of the biggest money mistake people made. Below are some of the words from the blog post which is interesting and needs to give a deeper thought.

Vacation homes are a rich man’s game.

Do not invest with sentimentality. Pay more attention to personal portfolio.

Do not take in any recommendation without researching management fees or the funds. Manage own accounts, insist on diversity and stay update.

Take up personal finance education.

Balance short term needs with long term investment. Cut extraneous expenses and save aggressively.

Learning not to lose money is as important as learning how to make money. If you can’t keep and save the money you earn, it doesn’t matter how much money you’re able to earn, you’ll still end up broke.

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3 Responses to “Examples of Money Mistake When Pursuing Money Making Opportunities”

  1. Robert says:

    Yeah, to make money, first need to learn how to invest and spend properly. Finding the right money making opportunity and pursuing it are 2 different things that need to be done well.

  2. Maggie says:

    To make money isn’t very easy especially when you are young and want to buy everything and make crazy investments without analysing and calculating the risk.

  3. Kostya says:

    The risk is always there. Even when the investment is 100% profitable.