Prioritizing spending over saving
When we have a pressing need at present, we tend to feel that we should fulfill that need and savings can always be done later. This later won’t ever come because your needs never end. Research chemist Neil McCarthy started investing in the stock market at a very young age. Today he has a net worth of about $2.1 million. According to him what made all the difference is this:
“If you wait to save out of what’s left over from your salary, it’s not going to happen. Pay yourself first.”
If you want to be wealthy, there’s no easy route. Just focus on your goals and face the current problems in a realistic manner. Make sure you avoid these money mistakes on your path to being wealthy and success would be yours!!