FINANCIAL ADVICE: 10 MONEY MISTAKES ANYONE CAN MAKE

  • Motor
  • Homeowner
  • Life
  • Long-term Disability
  • Health
  • Long-Term Care
  • Spend less than you earn
  • Do this for a long time
  • The amount that’s invested (how much is invested)
  • The return rate on your investments
  • The length of time they are invested
  • If Smart Saver would have kept saving £3,000 her whole life, she would have ended with almost £835,000.
  • And if that £3,000 would have been £5,000, she would have ended with £1.4 million.
  • Save early
  • Save often
  • Save more (as a percentage of your income) as time goes by
  • If you’re in debt, start utilising these steps to get out of debt.
  • If you’re not in debt, don’t get into debt.
  1. Over-spending
  • Over-spending on the little things — the small amounts that seep out of your pockets here and there and eventually become large.
  • Over-spending on the big things — homes, cars, boats, and so on.

--

--

--

Qualified to UK FCA standards, a member of the CII, a Fellow of the ISM, a Fellow of IoD, and a highly qualified Financial Adviser in Which Financial Adviser.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

RESP mini-series 1: Introduction

Chapter 2: The Blue Wizard Puzzles Begins

How much does it cost to file for bankruptcy?

Women Business Owners Face Unique Challenges in Saving for Retirement

Bankruptcy Question?

10 Reasons why Indie Life Insurance is Better

Where does your money lost in the Stock market go? |Detailed analysis

How smart is Smart Beta?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Mike Coady — Financial Coach in Dubai

Mike Coady — Financial Coach in Dubai

Qualified to UK FCA standards, a member of the CII, a Fellow of the ISM, a Fellow of IoD, and a highly qualified Financial Adviser in Which Financial Adviser.

More from Medium

How to Calculate Investment Returns

5 Ways To Save More Money

How To Match Your Physical Success With Your Financial Success

The Best Savings Accounts that you can Open Today! UK (2022)