1. Live above your means
In this day and age when people are trying hard to live below their means and even snub things they can afford because of the uncertainty of the economy, purchase things you like but can’t afford just to please your ego or satisfy an unnecessary craving is sure to get into a financial mess soon.
2. Save only after you are done spending
This can only get you to one place; trouble.
The truth is that, you’ll never run out of things you can buy. You will always have things to spend money on.
So the financially prudent way to live is by taking out your savings once you receive your income then spend the rest.
3. Buy everything that is trending
The way trends come and go these days is so alarmingly fast.
The hot phone in town today is surely not going to be the one trending tomorrow.
You cannot be following trends at the expense of your finances except you are hell bent on being in a financial mess by the end of the year.
4. Depend on one source of income
Ask people who lost their jobs last year or people who are still being owed salaries.
They’ll tell you that one of the greatest mistakes a person could make in this uncertain time is to depend on just one source of income because if anything goes wrong with it, you’ll be without money immediately.
5. Get a bank loan
With skyrocketing interest rates and banks seriously looking to take the properties of their debtors away soon, taking a bank loan might really be a bad idea unless you’re sure to get a tree of money to repay the loan with the interest.
more here:http://www.thecliniq.org/2017/01/see-6-profitable-business/

Bank loan for me is a NO NO