FINANCIAL EVIL
One thing my mum usually tells me about spending money is "know how you spend money because money is not someone brother nor sister. Meaning if you spend money as it enters there is clear indication that you will be poor.
Below are financial 😈 evil you should avoid at all cost;
Investing in what you don't fully understand.
Living above your means.
Always borrowing for personal use instead of business.
Borrowing to people money that doesn't belong to you without collateral and written agreement.
Investing in a business without a business plan and proper documentation (agreement) backed by law.
Spending without budget.
Single means of income.
Buying the needs you haven't budgeted for.
Spending to please people.
Negligence on your investments.
Not embracing cashless policy, that's using cash in a business or giving out loan in cash instead of using Internet banking transfer for future reference.
Not investing in what gives you money.
Not investing in yourself.
Not innovating.
Not moving with the latest economic and financial trend.
Double dating, double spending.
Spending more than what you earn
Emptying your whole bank to buy gadgets
Add yours