Who best talks about common money mistakes than Dr Olumide Oladapo Emmanuel? He is popularly known as the Common Sense Guru and is no doubt one of the world’s leading Motivational Speaker and relationship expert.
The most common money mistake people make starts from the foundation. Not giving financial intelligence and education a priority. According to Dr Olumide, a lot of people wake up every morning looking for money but they don’t spend time learning about money.
When you go to school, there are five dimensions to education and what many people know is academic education.
If you have an academic education, it is good but when it comes to creating wealth, academic education will not help you, you will need financial education but one education that proceeds from financial and academic education is personal education. This is understanding yourself, your likes, dislikes etc
You need to know the practical as well as the theory. To break through, you need to spend time learning financial education.
Here are some common mistakes to avoid
- Spend time getting financial education
- Ignoring the culture of saving because if you don’t save you are not safe. You need saving to fall back on if you find yourself out of job etc.
- Not keeping to a budget is a very common money mistake.
- Not earning money in your free time
- Running up a credit card bill you can’t pay of
- Having unrealistic financial goals
- Understand that saving is not an investment
- Staying at a Dead End Job.
- Not Having a Financial Plan.
- Going Without Insurance.
- Making Financial Choices Out of Fear or Pressure.
See the video below for more!
