Financial Pits to Avoid
Financial pits you should avoid during these challenging times
1. Getting married in Community of Property
2. Taking debt for other people.
3. Taking debt to fund lifestyle expenses- why do you buy food on credit? Or go to holiday using credit?
4. Not saving and investing.
5. Depending on one income. Sell different stuff until you find something that you can sell consistently without struggling.
6. Falling to societal pressures and trends. Wear what you can afford, eat where you can afford, have entertainment that you can afford.
7. Trying to be Jesus and saving everyone financially. You can never save the world. Have limits. Some people are not ready for help.
8. Not have insurance for your life, especially if you have debts and children.
9. Not educating yourself about finances.
10. Taking debts that you qualify for but cannot afford.
From Thembisa V. Luthuli, Facebook Page
Author/Public Speaker/Wealth Advisor and Financial Coach
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