5 things you should not do with your money to get rich or advance your lives
1. Don't spend without a plan
2. Don't brag about having a lot of money
- This is correct because it is your money where you can do whatever you want to do with your money. But whether we admit it or not,
being arrogant is also the reason for handling or mishandling our money.
"2 things when you have a lot of money"
a. You make a new friend.
b. You have a close relative.
3. Don't always buy something that loses value
4. Don't waste money on useless things
5. Don't invest suddenly
These are some very wise observations, unfortunately most of these are in reality only learned through trial and error. Hopefully the errors are small enough and the person is intelligent enough to assess them before they get too out of control. However things like not investing too suddenly can also be tricky to gauge - just look at crypto, many people thought they were investing early on, watched it go all the way up to $65k and are still holding it after it fell back down to earth. Knowing when to cut your losses and accept a failed investment can be very important too - many people have the opportunity to cash out over a long time but end up losing everything instead.