Not distinguishing between needs and wants
Misclassifying a want as a need is a mistake that many people make without even being aware of it. For example, food is a basic necessity, but eating out three times a week is a want. Clothing is a necessity, branded clothing is a want. And why pay $50 to $100 a month for cable TV when you can subscribe to Hulu, Netflix, or Amazon at a fraction of the cost? If you think about it, there are several things that you can do without but pay for anyway because you have got used to it. So, scrutinize your monthly budget carefully and see if there are any wants masquerading as needs. By cutting down on such unnecessary spending, you can save more money and reach your budgetary goals faster.
Small-cap winners galoreThe 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; Baidu.com (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.
Smarter cryptocurrency investmentsThe 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.