Money mistake #1: You refuse to face facts.
If you're not a numbers person, it can be tempting to mentally cut yourself off from your finances, whether it's neglecting to stay on top of your investments or blatantly ignoring your bank statements. But that's a huge no-no — and those with sky-high bank accounts certainly don't amass big bucks by being blind to their balance sheets.
"If you don't have the facts about your financial situation, money will stream through your hands like water," Tardy says. The consequence? You could land in debt, make poor investments — or end up flat-broke when you retire.
The get-rich fix: "Some people assume that you have to be an investment banker to understand money, but the wealthy weren't born with some secret know-how — it's a gradual learning process," Tardy says. "If you're procrastinating about facing money because you're scared of what you'll find, you have to dive in. Even if it's not what you wanted to see, the truth will allow you to make decisions and move forward."
If you're starting from scratch, the first step is to gather some basic information from your bank account, like how much you earn and what you spend, so you can figure out what you're netting each month — and gauge whether your fiscal position is improving or getting worse. Once you have all the facts, you can start making thoughtful decisions about what you need to do in order to start growing your money.
On the other hand, if investing is your money blind spot, facing the facts might mean building up your knowledge base by listening to podcasts, signing up for a seminar or hiring a financial adviser. "Just make sure it's a trusted source," Tardy says. "Learn from people who are already where you want to be."
Read more: http://www.learnvest.com/2014/10/money-habits-of-wealthy-people/#ixzz3YUory0hE