You like buying lottery tickets

While it must be great to win the lottery, especially when the jackpot reaches high levels, in reality, the odds are highly against us. When it comes to buying lottery tickets, self-control is super important. Spending a couple of dollars a week shouldn’t be a problem, but if you spend a lot more, then you might have a small gambling problem, and you should consider getting help.

You ignore the stock market

If you ask some folks out there, they will tell you that once you reach retirement, the best thing to do is to stay as conservative as possible with your own investments and have as much cash as possible.

But the truth is that you need growth if you want to stay ahead of inflation, and the best way to do that is to allocate the right amount of stocks. This is the best way to balance your need for growth while also minimizing your downside risk and staying in line with your overall financial strategy.