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7 Retirement Financial Mistakes to Avoid

November 11, 2019 · Personal finance

Not Investing Properly

Or, as we like to call it, not investing at all. But that’s just one side of the coin. We often see ‘investing’ as such a loaded term that our knee jerk reaction is to consider it outright risky. But the market is there for a reason, and thousands of people didn’t get rich off it by magic.

Now, we’re not saying you’ll become a millionaire overnight, but that doesn’t mean you shouldn’t take advantage of investing. If you have the money and don’t need it immediately, focus on the long run and put it to good use. In a few year’s time, you’ll be surprised by its growth.

Conversely, being too aggressive could be dangerous. Desperate investing can’t lead to fulfillment, especially if you’ll be needing your money back in a pinch. If you can’t rely on the long run, don’t risk it.

As with anything, you need to find a balance. Look into any possibility to earn more money, even if it seems scary at first.

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