Money errors are more likely to happen when sentiment is involved
Last week two friends committed money errors that I have been imploring people to avoid.
One quit her job to pursue a new media-relations venture. The other paid a significant sum of money to an agent to help sell her proposal for a science fiction novel.
Spot the errors?
It's no secret that many of our biggest mistakes in life happen when we put too much emotion behind our decisions. Both of my friends, bless them dearly, let their frustrations and wishful thinking dictate their choices. If they stepped back to evaluate their respective situations, they might have come to different conclusions - and results.
It's not that I never committed these kinds of errors. But in a world dominated by the desire to get rich quick - and that means at a fever pitch in Hong Kong, I dare say - it is worth remembering some of the most common financial mistakes to avoid.