One of the Biggest Mistakes You're Making With Your Money

Avoid this by all means

Destiny S. Harris
Published in
3 min readSep 17, 2024

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Man upset about mistake. He is wearing a black shirt and standing in front oa macbook.
Photo by Francisco De Legarreta C. on Unsplash

What is the big mistake? I'll tell you.

Living in the moment (financially).

And it's one of the worst mistakes to make because it never leads to wealth unless you already have it.

We have an epidemic of advertising that promotes living in the moment.

"What are you waiting for? Your time might never come. Opportunities don't last. Don't wait until you're old to live your best life. Have fun. Take adventures. Explore."

And use a credit card to do all of these things.

Am I saying we shouldn't live in the moment and invest in adventures?

No.

But we shouldn't compromise our financial health for living in the moment. It's not worth it.

Always Strategize for the Long Term

Enjoy the short term, but plan for the long term.

Don't live to the point where you forget you have another 30–80 years of life. Now is the time to eliminate debts, create passive income streams, build a massive financial portfolio, and enjoy life without going broke (aka into debt).

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