Retirement Investmenting Mistakes to Avoid

Investment Mistakes to Avoid: "The biggest investment mistake to avoid is to never get started at all. Even if it is only $20 a week, start making your money work for you. Invest in something, even if it’s an interest-bearing bank account. Lottery tickets do not count as investments.

Depending on if retirement is 2 years 20 years you'll have to plan ahead to have what you need, if you have to go to a advisor that can help you set up a plan.

Conversely, don’t invest until you have an honest picture of your finances. Making investments larger than just your spare change before you are in the financial position to do so is another big mistake. To start taking charge of your finances, make a budget and stick to it. Get your credit cleaned up, pay off high interest loans and credit cards, and put at least three months of living expenses in savings. Put “Investments” in your budget, and name a figure that you can afford without going hungry or not paying your rent or mortgage. You say you know where your money goes and you don’t need it all written down to keep up with it? I challenge you to keep track of every penny you spend for one month and I do mean every penny. You will be shocked at how much the “loose change” spending and impulse buys add up to. Multiply this figure by 12, and you will get the amount that you could save in a year by eliminating petty expenses and investing that money instead."
Investment Mistakes to Avoid: