- Not saving enough for emergencies or retirement.
- Living beyond their means and accumulating too much debt.
- Not having a budget or financial plan.
- Not investing for the long-term.
- Chasing high-risk investments without fully understanding the potential consequences.
- Not diversifying their portfolio.
- Not protecting their assets with insurance.
- Not regularly reviewing and adjusting their financial plan.
- Not educating themselves about personal finance and investing.
- Failing to plan for unexpected expenses or life events, such as job loss or medical bills.
