There are many posts recently explaining how to become a millionaire already. The Practical Saver details some of the mistakes about how to not become a millionaire. Learn from these common mistakes to improve your financial well-being. Here are ten mistakes:
- Don’t understand money
- Live beyond your means
- Forget the value of compounding interest
- Don’t value education
- Avoid getting promotions or salary increases
- Don’t take advantage of employer’s matching contribution
- Buying products at full price
- Give up even before starting
- Keep up with the Joneses
- Invest in wrong investments