Avoid keeping money you don’t intend to use in the short-term within easy reach. For instance, don’t walk with $100,000 in your pocket when all you plan to spend in the day costs $20,000.
As I mentioned in Money Mistake #3, there are always expenses available to gobble any money that is within reach. So, if you don’t want to lose it, put it away in a safe place.
Again, as we discussed in the past, when the cash isn’t available or within reach, your mind will be compelled to “survive” with just what you have available.
What do you think? Share your thoughts below.
Make sure to see other MONEY MISTAKES too.