7. Ignoring Legitimate Additional Income Opportunities
Do you have a clever idea that the world needs to know about? Write an e-book. Do you have an eye for antiques and can sell them for more than you paid for them? Open an online store. Are you a retired early riser? Get a paper route. Do you love kids and have weekends free? Become a youth sports referee. There are an unlimited number of opportunities for you to make more money with little or no time needed. The extra $100, $200, or $300 a month adds up!
8. Not Having Catastrophic Medical Insurance
Full fledged, full coverage medical insurance policies are very, very expensive. Most people cannot afford to pay for these. However, the cost of insurance to cover only the most financially devastating accidents or illnesses, with high deductibles and routine medical care not covered, are a good value to assure that you won’t have to spend a lifetime of savings or years of annual salary on your medical care. With Obamacare there are likely several options to consider in your state that can protect you from debilitating medical expenses.
