Biggest mistake in financing

[Starmix]

We are humans prone to commit mistakes but it does not mean that because we are humans, we cannot control our mistakes. What to do to avoid big mistakes in financing? Have self-control and discipline yourself not to get tempted by useless things that may zero your finances. One big mistake is not investing at an early age, if possible start investing at age 20. You can diversify your investments once you are in your 30s and the more when you are there in the retirement age. You will live on interest and financial freedom.

 

[uptrendfinancialsignal]

One biggest mistake made was to take loan to finance my business. It really affected me negatively and it's a very horrible experience.

 

[Shavkat]

I also think that young ones need to learn financial management as early as possible.

 

[Starmix]

I also think that young ones need to learn financial management as early as possible.

That's true and they learned it during their senior high. There is a subject on entrepreneurship.

 

[Shavkat]

That's true and they learned it during their senior high. There is a subject on entrepreneurship.

Actually, my niece had a project to do a business feasibility study. It was a successful one. She had learned the importance of it.

 

[Starmix]

Actually, my niece had a project to do a business feasibility study. It was a successful one. She had learned the importance of it.

That's one of the contents of the senior high. Young people learned while they earned. Your niece may incline in business.

 

[Passiveearner]

I also think that young ones need to learn financial management as early as possible.

Not doing the homework properly is one of the main reasons why many people regret financing a business. People should know the importance of financial analysis and business opportunities when it comes comes to investing in the right manner.

 

[nomad]

The biggest mistake is a lot of people think let me enjoy my life first and keep saving and investment in the back seat

 

[Starmix]

The mindset of some people is why save or invest at a young age when old age is still so far away? They will only regret once they are already in their 50s and no saving is done.

 

[King Belieal]

One of the financial mistakes that was embedded into our sub conscious is the idea of jobs. That has created so many people that can't think beyond a job.

 

[Fidelia]

For me, the biggest financial mistake was not going for a skill. I felt that because I was schooling, I didn't need a skill. I lived in penury with my bsc certificate till I got a skill.

 

[Cam]

I think the biggest mistake centers around secondary education. If you've got a plan, college is great. If you don't know exactly what you're doing, collecting student loans doesn't make a lot of sense.

 

[Sawe]

That is some good advice on investment that you have shared. I will start investing my money soon.
One finance mistake I have ever made is taking unnecessary loans from loan apps, I am still stuck in paying them back. When I am done, I will never take those loans again.

 

[Starmix]

It's best not to apply for loan. The interest alone kills your earnings. As much as possible stay away from it.

 

[Hate2Wait]

No one is perfect, we all make mistakes and should learn from our mistakes and should try to learn things that can help us take best finance related decisions