5 Small Financial Errors That Can Make You Poor: Take Control of Your Money!

• Avoid mixing insurance with investment; opt for term insurance and invest separately for better returns.
• Never pay only the minimum due on credit cards; high interest rates can quickly double your debt.
• Don't invest without thorough understanding; research companies and risks before putting your money.
• Resist lifestyle inflation; save or invest at least 50% of any salary increase.
• Diversify your investments across various assets and sectors to mitigate risks.

Why It Matters: Small financial mistakes can lead to poverty; understand and correct them for a strong future.