3 Financial Paths That Lead To Failure That I See Almost Everyone Following

I followed some paths and then I let go

Photo by Anton Spreemann on Unsplash

These paths haunted my parents.

Breaking or following the rules leads to success or failure.

When it comes to investing in old age, there are also rules with far-reaching consequences.

Just so you keep in mind, I am not talking about the rules for a rich retirement.

I am talking about paths that lead to failure.

Throw everything into one pot

Are you going to buy your property in 10 years?

And in 40 years will you retire?

To ensure that your pension plan fails, you should save for all your goals in one pot.

It doesn’t matter if it’s a savings account, checking account, or government and private bond account. It is best if you do not have a plan for when you will need that money.

If you have a 5-year or 30-year investment horizon, you should invest them all the same.

Keep telling yourself:

“It’s all so uncertain, it’s better to have my money available all the time”.

If you stop thinking about it, you might even believe it all the time.

If some crazy people tell you about a 3–5 pot investment system, then run away.

These are witches who want to enchant your mind.