1. Spending more than you earn. If you spend more than you earn are creating debt and debts are paid high interest.
2. Do not keep a record of expenses: If you do not know where the leak is cannot be correct, the advice is to budget your expenses and track them daily.
3. Staying in comfort zone: Do not train, do not open your mind to new ideas, not learn to do things differently. A big mistake on the topic of personal finance is to combine the money with emotion and not find new ways to generate income. “An investment in education always pays the best interest”-Benjamin Franklin
4. NO SAVING: No pay yourself first, before spend your paycheck, and pay yourself. This money is money that will work for you by using mutual funds, stocks, real estate and business. What matters is not how much to save what is important is to start, is recommended to save at least 10% of earned income. Saving and investing is not an error. Consider the compound interest. In matters of saving time is important. Never too late to start, but from earlier is better. Do not forget to SAVE OR NEVER.
5. Personal Finance believe are matters of the head or the Government: Relying too much on others for example in the pension system, currently in problems. The primary responsibility for my personal finances me.
6. Make credit card a way of life: The misuse of these can be harmful. The cards will enslave. Shopping does not need: Buying on credit is sold cheaply morning for a little today. There used to know them very discreetly.
7. Forgetting have to be provided. The natural order is to BE-DO-HAVE.
8. Being a guarantor is to pay for something you enjoy STATE.
9. Not protected financially: There are things in life over which we cannot control, but prevention could save us a lot about it without flavors. Proper planning of the future may be our only hope to a financial event.
10. Believe that will never grow old: In times of plenty should be saved for lean times. Never too late to start saving, but the more Iceberg start the better. Remember that the basket of the young of today must be including the little old basket tomorrow.
11. Waste money on things that destroy.
12. Making investments without appropriate advice. If you are unsure of how an investment does not know the risks they are exposing.
13. Not learning how to create multiple sources of income: When relying on one source of income and this lack may have financial difficulties. You must study and investigate since there are several ways to generate multiple income sources. If you have 2 or more sources of income when a failure will always be others who backed him financially. If you have not been able to establish multiple sources of income, is because it lacks the information necessary to do so. It is therefore important to invest in your financial education before attempting to invest in any other cosa.14. Not to be Bountiful: A universal and biblical principle that always comes after harvesting a crop. If sows sparingly will also reap sparingly. This is the most important step you can take toward financial security. The purpose of the abundance and wealth should not be individual; there are always people who can help.
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