25. Flawed Decisions
The very same financial coach, Todd Tresidder, also warned people who save for retirement to be extremely careful when making a decision. It might seem like a good idea to invest in a mutual fund (with the logic that it will multiply over time), but in fact, it cannot be further from reality. It is proven that investing money based on wishful thinking will turn out really badly for you. Make sure you are well-informed and that you don’t make faulty assumptions!