Financial Mistakes: 13 Biggest Common Money Mistakes to Avoid from Going Broke and to Start Building Wealth

By Instafo

The Fool’s Guide to “Personal Finance”

Greetings fool, who did NOT know about the “biggest common money mistakes to avoid from going broke and to start building wealth”...

Got money problems? Of course you do! After all, money is the root of all evil, right? Then try living without it. Can’t do that either? Very well, here’s an ultimatum: manage your finance better and avoid the biggest common money mistakes that are burning a hole in your pocket. Frankly, it’s not your fault.

Financial illiteracy is the biggest failure of our modern education system. Nobody teaches you how to handle money; and as a result, you have none or barely enough by the time your monthly bill and rent payments come rolling in, causing you to run and hide and afraid to look at how much you owe, then snowballing into a huge pile of debt with bad credit score. This is especially so for the millennial generation and after, who don’t have the same spending and saving money habits of the boomer generation and before.

Our fast-paced consumerist culture has also blown up out of proportion with all the latest new shiny objects to buy, must-try experience to spend on, and money-wasting services to subscribe to that are popping up more and more, guaranteeing to lead you to instant financial ruin (if you’re not already there yet).

Sounds dire? While we may not currently be in a global financial crisis, we are experiencing a growing number of individual’s personal financial crises. But have no fear, because the bailout is here to turn anybody from being financially illiterate to financially savvy.

Let your chosen fool card guide you through “Financial Mistakes”:

- The beginner’s way to start investing for wealth
- The trap of financial assistance that does harm
- The biggest money-wasters in your expenses
- The simple art of calculating monthly budget
- What’s needed to save money for health sake
- How to go from materialistic to minimalistic
- How to come up with a personal financial plan
- How to avoid blowing money on hype and trends
- Financial sins that millennials love overspending on
- Why traditional banks are bad and better alternatives

And there’s a bunch more wisdom from the fool card.

Be your own financial advisor in pinpointing where you’re going wrong with money to be on your way to not only be saving money but creating wealth, all by rectifying a few money mistakes that you’re making now.

• Language: English
• Publisher: Instafo
• Release date: Nov 13, 2019
• ISBN: 9780463414255

Instafo

"Indulge Instant Info."Information is power, and here at Instafo, our mission is to reach a particular group of individuals who are committed to improving their lives, those who have always craved a platform that focuses on truly improving its community.What differentiates Instafo, is rather simple: with a wealth of all-encompassing knowledge, Instafo is the go-to instant information media to providing only the most helpful and useful information that matters - to instruct, inform, inspire, and innovate in order to enhance one’s abilities, life quality, and/or happiness.Elevate your lifestyle. Refine your mentality. Foster your individuality. And exceed even your own expectations through Instafo.For more information, visit https://instafo.com - and join the community.

Book preview

instafool

Presents

Financial Mistakes

13 Biggest Common Money Mistakes to Avoid from Going Broke and to Start Building Wealth

Instafo

Copyright 2019

Smashwords Edition

It is impermissible to reproduce any part of this book without prior consent. All violations will be prosecuted to the fullest extent of the law. While attempts have been made to verify the information contained within this publication, neither the author nor the publisher assumes any responsibility for errors, omissions, interpretation or usage of the subject matter herein. This publication contains the opinions and ideas of its author and is intended for informational purpose only. The author and publisher shall in no event be held liable for any loss or other damages incurred from the usage of this publication.

FOOL’S GUIDE

PROLOGUE: The Fool Card

ANECDOTE: The Fool Iffy

F(OOL) ACT AT PLAY: Burnt-Holes in Broke Pockets

MISTAKE #1: Frequent Eating Out

MISTAKE #2: Not Prioritizing Savings

MISTAKE #3: Using Traditional Banks Instead of Online Banks

MISTAKE #4: Unnecessary Subscription Services Money-Eaters

MISTAKE #5: Living Beyond Means

MISTAKE #6: Not Budgeting Expenses to Avoid Accumulated Bills, Debts and Late Fees

MISTAKE #7: Chasing Trends

MISTAKE #8: Not Favoring Frugal Minimalism

MISTAKE #9: Instant Gratification Upbringing Culture

MISTAKE #10: Overreliance on Social Programs for Financial Assistance

MISTAKE #11: Oblivion to Health Insurance

MISTAKE #12: Not Investing and Planning for Retirement Now

MISTAKE #13: Lack of Good Overall Personal Financial Plan

ENCORE ACT: A Self-Financial Planner Meeting

F(ULL) ACE AT REVEAL: Patched-Up Deeper Pockets

PROLOGUE:

The Fool Card

A fool thinks himself to be wise, but a wise man knows himself to be a fool. – William Shakespeare

Ready to have your fortune read? Then pick a card...any card. Ah, congratulations! You have selected the Fool card. Don’t despair! It is the most powerful one, being the omnipotent wild card as well as the first card in a tarot deck with the number 0, that represents new journey and new solution available with unlimited optimism, unexhausted enthusiasm, and undiscovered opportunities, because to a fool...anything is possible!

Yet, the fool is nobody’s fool but is secretly the wisest of all, able to pull strings in the most dire situations due to a sharp wit, astute acumen, erudite knowledge, diligent resourcefulness, and perceptive observation of the world and what goes on around. Indeed cunning, evasive, and elusive to get ahead without being ensnared by the same established rules others played by, the fool is able to think and see things outside of the box.

With that said, you can learn a lot from the fool through all their intentional and unintentional antics.

Nobody likes to hear the truth. The truth hurts...but is honest. Historically, only the fool was sly enough to get away with the most unfavorable truth in the royal court from knowing everything that went on, without getting his own head chopped and served on a king’s silver platter for the hidden genius disguised as superficial foolishness. Perhaps a forgivable trickster in this regard, the fool was, nonetheless and above all, a true survival of the fittest and a formidable force to behold.

If you want to possess the great wisdom of the fool in a modern era of instant information, look no further because you have found your tarot calling card: Instafool.

Being an Instafool is for those fools who dare question and go up against conventional knowledge, by exploring the polar opposite side of the coin which nobody else is willing do and by exposing the cold-hard truth which nobody else is willing to admit, in order to gain better perspective, bigger picture, and wider spectrum covering all aspects of everything in any area.

While the