9. Not Making Investments.
Whether relatively predictable and shrewdly purchased real estate, historically stable stocks, municipal bonds, or other lower risk investment devices, it makes sense to invest in something that can generate increased savings or retirement funds. If nothing else, make a small investment and then forget about that money. Then, five years from now see how much you have made off of that original investment.
10. Spending More Than You Make
The granddaddy of them all. Know exactly how much you make. Spend less than that, even if it means selling your home to find a less expensive one, trading in your car for one that is as reliable but doesn’t cost as much to operate, or by hosting parties rather than going out to dinner. Spend less than you make.
