Here are the 7 FINANCIAL SINS i would avoid to be financially FREE and get FINANCIAL Freedom!!!

If you wanna be out of the Rat Race then here are the 7 financial sins or mistakes to avoid In-order for you to be financially free

1# Failing to plan your finances

Most people fail to plan their expenses. When they receive their paycheck they only think about paying their dues, groceries and other things only to be left with far less to save
How to avoid it? Simple, just planning out on your expenses, budget and allocating them properly would suffice.

2# Using too much consumer credit (too many credit cards)

Buying things using a credit card has its advantages and its disadvantages. The advantage being your credit score is important. The disadvantage being you buy too much of things than required.

3# Making minimum payments on credit card

Well making minimum payments on credit is not a good thing because the average interest rate is 15% (varies from bank to bank) on each payment and by the end of the month, you will be paying more debt compared to the actual amount spent.

4# Not saving for retirement or financial freedom

As a young man you can earn more now but that won't be the case if you become sick or older so saving up a small amount a month could get you your financial freedom as well as saving for retirement.

5# Making money decisions based on emotion

Taking decision based on emotion is like walking on thin ice on a frozen river. So you better avoid it.

6# Focusing too much on money rather than on people and the process

Money shouldn’t be the only goal you should be chasing in life, rather than connections with people and the love towards the process.

Solve a problem and you will be rewarded.

7# not being financially educated

No One will teach you about financial knowledge because no one is taught that in their school it is not anyone fault but not being financially educated is your fault.