Personal Finance – Do not make the 12 most common financial mistakes
December 31st, 2009
In these days of crisis many people are looking for other options to earn more money. However, many times they forget the importance of managing wisely the money they already have.
So the answer to a deteriorating economic situation is not more money, but education. Once a person has acquired knowledge of basic money management, their situation will improve but not necessarily make more money. Ideally you should learn to generate more revenue with the money they already have in your hands.
Unfortunately, traditional education does not cover the area of financial education. This fact, coupled with the current trend to consumerism and the ease of acquiring credit cards that lead to spending more than you have, is the main reason why many people
are in economic trouble now.
The ignorance of the topic of personal finance drives people to make many financial mistakes that can even be fatal.
Below are the 12 most common financial mistakes that are named in the book of Proverbs in the Bible, written by King Solomon, the richest and wisest of the world:
1. Be endorsed by another:
A man void of understanding commits and exits guarantor in favor of others. (Proverbs 17:19)
2. Greed:
There is that scattered and they added more, and some people retain more of right, but come to poverty (Proverbs 11: 24,25)
3. The lack of honesty:
The weight and balance are the Lord's fair; All weights of the bag are his work. (Proverbs 16:11)
4. Being very naive when someone tries to sell you something:
The simple believes everything, but the wise look closely in his footsteps. (Proverbs 14:15)
5. Pride:
The reward of humility and fear of the Lord are riches, honor and life. (Proverbs 22:4)
6. The debt:
The rich rules over the poor and the borrower is the slave of the creditor. (Proverbs 22:7)
7. Lack of planning:
By wisdom a house is built and by understanding it is established; With knowledge are filled chambers of all precious and desirable. (Proverbs 24: 3 and 4)
8. Pursue quick riches:
The stingy man running after wealth and does not know that poverty shall come upon him. (Proverbs 28:22)
9. Ignoring the poor:
He who gives to the poor will not need, but who shut their eyes will have many curses. (Proverbs 28:27)
10. Bets:
The fortune gained from fraud is decreasing, the work that is covered with the increases. (Proverbs 13:11)
11. Negligence:
Also, it is negligent in his work is brother to destroy. (Proverbs 18:9)
12. Buy a property before you can afford:
Clean up your work out and keep them ready for you on the field, and then builds your house. (Proverbs 24:27)
If you need help changing your financial situation, you'll love our 10 facts about how having a business that a mother taught her son and following which he became a millionaire at age 21! The available for free download in
Langerfeldt Bettina, whose passion is to teach people of all ages how to acquire a vision for their life, as set goals and then pursue specific education to enable them to achieve them.