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Procrastination.
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Failure to establish definite financial objectives and implement a plan for reaching those objectives.
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Ignorance of the times value of money.
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Failure to recognize the impact of inflation.
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Lack of clear understanding of tax laws, failure to implement strategies to legally avoid taxes.
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Failure to diversify your investment portfolio/taking unnecessary risks.
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Inadequate protection against unforeseen losses.
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Letting family spending run wild.
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Unrealistic expectations.
- Failure to use professional advisor.
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