With your money, comes the luxury of choice. However, that choice isn’t always right. Here are three silly things people do with their money;

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• Leaving their money to do nothing: Money will work as hard as you want it to replicate itself for as much time as you give it on the number of resources you can afford it. All you have to do is put it to work. Money enjoys being invested. Put it in viable places and watch it grow. Set money aside in your emergency fund and a savings account and let the rest get to work.

• Not starting early to investing: The reason for this are numerous. For some people it is because they do not feel they earn enough to invest, others feel they have time to invest later. Time is money’s best friend. Any top investment firm like Meristem, will tell you that the most important thing you can do with your money is to invest in early. It’s not the amount of money you invest, but the length of time you invest it for that makes the biggest difference.
  

• Thinking that buying a home is real estate: there’s a difference between investing in real estate and buying a home. Buying a home means having a place to make memories. If your interest is buying a home for its potential to appreciate, then a home may not be it. Paying the liability on your mortgage doesn’t increase your net worth your home will have expenses. There will be repairs and these costs will eat into your cash. Unless you live in a place where real estate prices have increased substantially, it may take a long while to earn money on your home.

The best way to ensure you are making smart investments is to develop a great relationship with your money.