1. Don’t invest in yourself. Don’t get a good education. Don’t read, take self-improvement courses, or learn what you can about your
profession. Do the minimum to get by.
2. Spend everything you make. If you earn $25,000, spend
$25,000. If you make $250,000, spend $250,000. You deserve to enjoy yourself
now. The future will take care of itself.
3. Refuse to take responsibility for yourself. Blame your
employer, the economy, or the high cost of living. Soon you’ll even begin to believe
your excuses.
4. Wait for the best time to begin saving. When you’re in
school, wait until you graduate. When you graduate, wait until you buy your
first home. Before you know it you’ll be in your 50's with little or no money.
5. Ignore sound financial principles; gamble what little you
have. Pay thousands for seminars where “experts” will teach you the secrets for building wealth. Never mind that one famous expert lost $800,000 trading stocks
but made $110,000,000 teaching others to invest.
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