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Don’t start your Job with these financial mistakes
We all have started in our job the first time. After specific period you may find that financial life changes. You end up spending more and investing less. This makes life a bit difficult as time goes on.
We all make those mistakes. There is no doubt about it. But the life is about getting over the mistakes. And this can be done when we ask others for the advice which can reduce our mistakes.
So if you are just starting at the new job. Or if you are switching to the new job with new salary. Here are some of the mistakes that you should not make the financial mistakes.
Below I am going to show you some of the mistakes that you should not commit while doing the job or after getting the salary in hands.
Do let me know if you experience the same or if your experience is similar to mine.
There are some of the investment programs which basically run away overnight. And so you have to avoid them because they would only make you lose the money. So you should be careful not to invest in them.
Do you plan on fast money? or quick money? What is your motivation for that? Let;s say a site offers returns around 200 percent for your investment for 60 days. And you save money into that and realize at 30 days that site is done.
So now what would be your motive from this point onwards. You have to plan for the sustainable income and investment. Otherwise you would be struggling in your life. That is what would lead to the loss in life more as well.
I think investing blindly into crypto is wrong. Blind investment into the stock is also wrong. You would find that investing into the things which would cause more problem would be wrong.
You have to plan your set of the investment. You have to understand that a lot of people lose money into things that they don't understand. You have to be pretty understanding of this part in your investment journey.
So make sure to learn about the place, investment type before you put your money. Because relying on things that you don't understand would not make you much comfortable long term.
I have learned a lot of lessons by making mistakes. I am sharing these mistakes and hoping that other people learn from this and improve.
What are your financial mistakes? What is your experience on this?