It is a brand new financial year and some of you must be gearing up to do things differently this year. But before you begin looking for the next best investment or the next flavour of the year, spend some time thinking about the money mistakes you make. I find that money mistakes come in many grades that move from the very basic to the more sophisticated. I’ll talk about just three right now. Grade one money mistakes are entry level errors, grade two money mistakes are made by more sophisticated investors, and so on. For all the attention that ‘getting rich’ or ‘investing to win’ kind of titles get in the book space, I think they are jumping the gun. Most of us struggle with far more basic issues than making that one winning investment and working towards a jackpot. Identify the grade you’re at in the money mistakes matrix.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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