IN 5 MINUTES, AVOID THESE MONEY MISTAKES - Deepstash

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What's up, it's @hackedongrowth here, so let's be honest with ourselves: we all want to do better with our money, whether it's generating more money or building our wealth; it's all about the incremental changes we make along the path, and most people, sadly, will not follow these very basic five steps.

HACKEDONGROWT

IN 5 MINUTES, AVOID THESE MONEY MISTAKES

IN 5 MINUTES, AVOID THESE MONEY MISTAKES

medium.com

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1. Don't blow all your money

Don't spend everything you earn now, this may seem obvious, but it was discovered in 2020 that the average millennial was spending 2% more per month than they earned. Because of this, it's critical to track your expenses and create a budget

2. Not to hold a large sum of money in cash

Invest the money and I started bringing it up because it applies to a lot of people who don't feel comfortable enough to invest so they just keep it in cash instead. The sad truth is that when you factor in inflation, your money actually loses buying power every single year that it's not invested...

3. Keep your credit card balance as low as possible

This is the worst misuse of money ever sure I'll just put it on my credit card I'm never going to pay it back

― ROY T. BENNETT, THE LIGHT IN THE HEART

“Success is not how high you have climbed, but how you make a positive difference to the world.”

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