By Grace Kvantas via Iris.xyz
There are a lot of risks to having financial success. One risk is spending too much. Even spending an extra $5,000 per year over your sustainable spend rate can have a significant impact on your long-term financial picture.
Another large risk is taking on more risk than you should in the stock market. This is why it’s important to evaluate your risk capacity and make adjustments when necessary. Another risk is not saving enough toward your goals, like college expenses or retirement. But the greatest risk to your personal financial success is you.
Just as the greatest risk to your health is you ignoring warning signs or not making lifestyle changes when needed, like exercising more or eating more nutritious food, likewise the greatest risk to your financial success is you not doing anything about your financial situation. It’s so easy to make the following excuses:
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