Avoid putting all eggs in one basket
Avoid Ponzi schemes e.g. Emu farms, Speak Asia, Tulip Bulbs etc
Avoid buying under construction property as much as you can
Avoid buying second house/flat for renting purpose only
Avoid liabilities and build assets first e.g. buying home should come first and buying a car second
Avoid Mixing Investment and Insurance e.g. ULIPS or Life endowment policies
Avoid spending first and saving later
Avoid credit card amount rollovers to next billing cycle
Avoid investing on tips
Avoid having short term horizon for your investments
Also Read :
You should not invest in Stock Market
You should invest in Stock Market
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2 thoughts on “Avoid 10 Basic Mistakes in Journey of Wealth Creation”
Great advice! Can I ask what the downsides are of buying a under construction property?
The most common ones are
1. Delayed completion of property
2. Disputes in land and property leading to work stop
3. Paying both EMI and rentals
4. Not getting promised things
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