This post originally appeared on Entrepreneur.com - #Growing Your Business
You can still right your investing wrongs and make progress now.
2 min read
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Here are three common but bad investment strategies you should leave behind in the year 2020, according to Entrepreneur Network partner Phil Town.
- Putting off saving for retirement. Even though it sounds far-fetched, Town stresses that you should aim to reach $2 million in savings. Down the line in your retirement, you will realize that this amount is not a lot, and for a married couple, last less time than you anticipated.
- Stop creating more debt for yourself. Debt is a surefire way to keep you from becoming wealthy. Town mentions that the average household holds almost $7,000 in credit debt.
- Following the crowd. Your aim should be to buy high and sell low. If you’re always reacting to others, you’ll always be a step behind.
Click the video to hear more from Phil Town.
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