10 Steps That Will Ensure Financial Failure

10 great pieces of advice that everyone should NOT follow:

8. Invest In Things You Don’t Understand: If you want to lose all the hard earn money you’ve made and start from square one again (or even in the hole), starting investing in things you have no idea about. The problem isn’t that the investments are necessarily bad in themselves, but most investments have risks. When you have no clue what you’re doing, that usually means that others who do have a clue make money while you lose a lot. No matter how much uncle Joe talks about what a great investment it is, place your money elsewhere until you are confident know everything about it.

Pretty sound advice in this list. Might be common sense to most, but a little reminder never hurts…

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