7 Money Mistakes Even High-Income Earners Make

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A high paycheck can make it easy to gloss over financial mistakes since you can still cover your bills.

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Most of the mistakes that six-figure earners make are easy to fix. Here’s how to use that high income to your advantage and build your net worth.

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Not using a budget

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No long-term financial plan

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Failing to minimize taxes

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Spending too much

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Doing your own investing

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Visit WealthyNickel.com to learn how to save money and invest!

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7 Money Mistakes Even High-Income Earners Make

7 Money Mistakes Even High-Income Earners Make

7 Money Mistakes Even High-Income Earners Make

A high paycheck can make it easy to gloss over financial mistakes since you can still cover your bills.

Most of the mistakes that six-figure earners make are easy to fix. Here’s how to use that high income to your advantage and build your net worth.

Not using a budget

This makes it easy to squander your paycheck without making any financial progress.

No long-term financial plan

Making a six-figure income won’t mean much if you lose your job or if you don’t save enough for retirement.

Failing to minimize taxes

There are ways you can minimize your tax burden by using tax-advantaged accounts and other financial products that can help you shield part of your income from taxes.

Spending too much

Instead of putting your money toward depreciating assets such as a car, try investing your cash in appreciating assets.

Doing your own investing

Earning a high income is great but if you don’t invest your money correctly, it can cost you.

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Visit WealthyNickel.com to learn how to save money and invest!

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