MONEY MISTAKE #2: Spending Money You Have Not Earned Yet

Never spend money you haven’t received yet. Don’t even promise someone money based on a promise you have from someone else. If someone tells you: “Joe, come to my office tomorrow at 9am and pick GH¢30,000”, don’t go out to buy items on credit based on this promise, with the hope that you will pay off your creditor when the promised money comes; it may not come as promised and this will leave you in problems with your creditors.

As it is popularly said in economics, there are three (3) people in this world:

  • The ‘Haves’,
  • the ‘Have Nots’ and
  • the ‘Have Not Yet Paid For What They Haves’.

The first is great, the second is bad, but the third is deadly..

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