Experience A Money Growth Mindset
Many Americans have seen the effects of poor financial decisions - more than half of all American adults regret not saving more. Of those people, most regret underfunding things that are important to them, such as retirement accounts, emergency funds, and education for their child.
These financial mistakes that have been made can lead to debt, making it hard to regain footing again with financial stability. 33% of Americans are living paycheck to paycheck and 3 out of every 10 low-income workers are unable to save any money for emergencies. Student borrows are also feeling the effects of going to an expensive college - 42% made at least one late payment in the past year and 47% of students wish they would have chosen a cheaper college.
Learn more about how creating a growth mindset for yourself can help improve your financial skills and how to recover from financial mistakes as quickly as possible here.
Infographic source: https://www.moneyhacker.org/maximize-money-growth-mindset/
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