I was a bank lender for years. I saw every mistake you can make with your money.
Here are the 10 biggest money mistakes to avoid if you want to be wealthy:
1. Paying too many fees
Avoid:
- overdraft fees
- ATM fees
- late fees
Small fees add up quickly.
2. Closing loans without reading documents
- read the fine print
- recognize the fees
- understand the terms
3. Not shopping around
- check other lenders
- compare interest rates
- compare closing costs
- compare other terms
4. Not knowing the fundamentals of money
- instant gratification destroys your money
- high interest debt steals your income
- investing increments over time is key