FINANCIAL MISTAKES THAT ARE MAKING YOU POOR

Not Tracking Finances

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Comparison Spending

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No Emergency Savings

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Living on Salary

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Not Investing for the Future

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Avoiding Financial Guidance

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FINANCIAL MISTAKES THAT ARE MAKING YOU POOR

Not Tracking Finances

Many people don't keep tabs on what they earn and spend, which makes it tough to save up and plan ahead

Comparison Spending

Feeling pressured to match others' lifestyles can push you to overspend on things beyond your means. Focus on your own financial goals

No Emergency Savings

Unexpected events like medical bills or job loss can throw your finances off balance if you're not prepared. Aim to set aside enough to cover 3-6 months of living expenses.

Living on Salary

Being stuck in this cycle can keep you trapped in debt. Look for ways to boost your income or cut down expenses to break free from the salary-to-salary cycle.

Not Investing for the Future

Over time, inflation can erode the value of your money. Invest your savings wisely to grow your wealth and achieve your long-term financial goals.

Avoiding Financial Guidance

Seeking advice from a financial advisor can help you craft a tailored financial plan and make informed investment choices.