If you are like most people, then you are probably making several mistakes with your money, and you don’t even know it’s happening.
These mistakes very often fly under the radar. They are hidden. But, the results are not. Making the wrong money decisions keep us from building wealth and prevent us from achieving our goals, and the results can be drastic.
If you want to earn more money and build life-changing wealth in 2022, make sure you’re not making these five stealthy money mistakes.
You’re Not Exploiting Your 9 to 5 Job
Your 9 to 5 job offers plenty of opportunities to build wealth for your future, and it all starts with your organization’s benefits.
A lot of companies offer a “company match” if you invest in their company-sponsored 401(k). This means the company will match your contributions up to a certain percentage of your salary.
You’re Following Your Passion
Here is an uncomfortable truth: Our passions don’t tend to pay our bills. Our passions are those things we do without having to worry about earning a full-time income.
Fishing. Word-working. Working out. Golfing. Cooking. Our passions bring fulfillment. Our strengths, on the other hand, do pay our bills.
You’re Only Saving 10% of Your Salary
“Save 10% of your income, and you’ll be fine” is the most outdated piece of money advice that exists today. Why? Inflation is killing the value of the dollar.