CHICAGO — Smart people make dumb mistakes, especially when it comes to money. Why this is so has the experts puzzled, though there are many theories on the subject. Whatever the reason for this enigma, here are a half-dozen costly money mistakes that you need to avoid:
FAILING TO SEPARATE PERSONAL FINANCES FROM BUSINESS PERFORMANCE
Many business owners and professional practitioners keep a sharp eye on business performance while cheating themselves and their families by failing to manage their personal finances skillfully. That’s a poor idea. These are two entirely separate challenges; both need and deserve your best efforts.
There is no better time than now to review your personal financial health and your goals for a secure financial future.
FAILING TO PLAN FOR RETIREMENT
We humans tend to assign more importance to today than to tomorrow. While the concept of retirement seems to be undergoing some drastic revisions these days, for most of us, there comes a time when our working days will end.