Received lot of forwarded email lately. Here is one of them… 
10 Money Mistakes People Make
Mistake #1: Becoming an investor before you are organized and have specific goals in mind.
Mistake #2: Not taking credit card debt seriously.
Mistake #3: Having a 30-year mortgage.
A typical 30-year mortgage at 8 percent inflates the real cost of a $250,000 home to more than $660,000. If you paid off your mortgage in 15 years, the total cost of your house would come to just under $493,000. That’s nearly $168,000 less than it would have been with a 30-year mortgage.
Make a small extra payment each month or fork over a larger lump sum at the end of the year. By making an extra 10-percent payment each month and then adding an extra month’s payment at the end of the year, for example, you can pay off your 30-year mortgage in about 18 years.
Mistake #4: Waiting to buy a house.
When you own your own home, you are building equity for yourself. When you rent, you are building someone else’s equity.
Mistake #5: Putting off saving for retirement.
Mistake #6: Speculating with your investment money.
Mistake #7: Building a portfolio that’s not diversified.
Mistake #8: Paying too much in taxes.
Mistake #9: Buying an investment that is illiquid.
An illiquid investment is one that you cannot sell in less than five business days.
Mistake #10: Giving up.
People often make a financial mistake, get bad advice, and then give up on their dream of financial security. Don’t let this happen to you.
Yes, you should be careful, but don’t become overcautious. By learning to avoid the common pitfalls investors make, you can minimize your risk and put yourself on the road to financial security. The biggest mistake you can make is to not become an investor.
Tags: Credit Card, debt, financial, goal, house, investment, investor, mistake, money, mortgage, people, retirement, saving, tax
Many are true here but i don’t agree to credit card debts, well you said not seriously. If this is the case then that make sense. I have lot and normally i take lot as well. I get these cash advance for 0-4% APR and i take the money and invest in sure returns like land then repay that by the period ends from my salary.