So what are the biggest mistakes/pitfalls?
Would guess, in no order:
1) Giving money to friends & relatives
2) Legal & lawsuit problems
3) Divorce
4) Buying buttloads of property, and then the taxes & upkeep
5) Instead of "boring" investments (Index Funds, bonds), trying to invest/start your own business (or business with friends & family) -- deciding to develop a $65M shopping mall, instead of shoving your money into S&P 500
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In response to this post by Hokie CPA)
Posted: 01/12/2018 at 4:17PM