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But while these pitfalls might be shared by all, theres still time to getback on track financially.
Next, read about thesavvy money moves that both rich and poor people make.
Conversely, he said a middle-income family repeatedly miscalculated their tax bracket, leading to surprise liabilities.
Maintaining clear boundaries betweenpersonal and business financescan streamline financial management and prevent conflicts with the IRS.
Failing To Diversify
Ignoring the need for diversification is another common error, said Pace.
He said diversification serves as a protective measure, ensuring stability and reducing risk.
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