• Not setting measurable financial goals.
• Making a financial decision without understanding its effect on other financial issues.
• Confusing financial planning with investing.
• Neglecting to re-evaluate their financial plan periodically.
• Thinking that financial planning is only for the wealthy.
• Thinking that financial planning is for when they get older.
• Thinking that financial planning is the same as retirement planning.
• Waiting until a money crisis to begin financial planning.
• Expecting unrealistic returns on investments.
• Thinking that using a financial planner means losing control.
• Believing that financial planning is primarily tax planning.