tskeeter
Junior Associate
Joined: Mar 20, 2011 19:37:45 GMT -5
Posts: 6,831
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Post by tskeeter on Apr 10, 2012 15:17:08 GMT -5
A counterpoint to PBP and DH's mistakes that people could make. These are mistakes that I could have made, but managed to avoid.
1. Invest a ton of money (and tens of thousands in student loans) in an advanced college degree that prepared me for a career in a low demand or low compensation occupation.
2. Go to work for a small company, with limited financial stability, limited professional competition, limited career opportunity, limited opportunity for broad experiences, and limited compensation and benefits.
3. Marry a drug addicted, alcoholic, emotionally unstable, spendthrift.
4. Raise a family. Now before those of you who are raising kids jump all over me about the intrinsic rewards of child rearing, ask yourself, from a strictly financial perspective, is raising a family a profitable activity?
5. Ignore the fact that some day we would want to retire. Failing to develop a vision of our ideal retirement, plan for that retirement, and save and invest for that retirement, until it was too late achieve our aspirations.
6. Abdicate responsibility for our financial well being to "professional advisers". Although they get paid for financial activity, many financial advisers are not what I would consider to be professional advisers. They are really financial products sales people who don't know much more about the products they are selling than you do. Nobody cares as much about your money as you do.
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