7 Ways to Sabotage Your Financial Future

Nobody’s perfect, especially when it comes to money and saving for retirement. Are you making any of these major mistakes?

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Why would anyone sabotage their own future? It’s not typically a conscious decision, but the product of focusing on short-term gains instead of long-term results. Here are some common ways we sabotage ourselves:

  • Hitting the snooze button because the bed is so warm, and the gym doesn’t sound fun at 5 a.m.
  • Deciding to get gas tomorrow when you may be pressed for time instead of today when you have time, but you’re tired.
  • Checking out social media when you should be finishing an important project with an impending deadline.

Some of these are more serious than others, but we often make decisions that set ourselves up for long-term failure without even realizing that’s what we’re doing. Here are seven ways you can sabotage your own financial future and work against yourself.

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC (opens in new tab) or with FINRA (opens in new tab).

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

Josh Monroe, CFP®, ChFC
Associate Wealth Adviser, CI Brightworth

Josh Monroe is a CERTIFIED FINANCIAL PLANNER™ practitioner and a Chartered Financial Consultant designee who listens actively and plans thoughtfully to help clients achieve their goals. He joined the CI Brightworth team in 2019 as a Financial Planner. Before CI Brightworth, Josh spent eight years at a leading insurance and investment firm in a variety of roles, including compliance and supervision. Josh is passionate about financial planning and making complex concepts easy to understand.