Here Are Biggest Personal Finance Mistakes Everyone Makes

Not insuring yourself

If you are the primary wage earner in your household you absolutely need to insure yourself. Otherwise, your family will struggle to make ends meet in your absence. To provide a financial safety net for your family, you need life insurance (pays your family if you pass away), disability insurance (replaces your income if you become partially or fully disabled), and long-term care insurance (covers your medical expenses in case you develop a chronic or critical illness). Most insurance companies allow you to buy a single life insurance policy and add disability and long-term care provisions in the form of riders.

Small-cap winners galore

The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
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Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
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