3. Failure to Be Informed about Frauds and Scams

Do not become a victim of those who are trying to squeeze money from you. Scammers are constantly improving their techniques and know how to make you believe them. Before making any kind of investment, talk to a professional advisor. Do not lay out large amounts of money on anything. Also, do not trust people who say they know how to help you grow your savings. Be aware of those you do not know and people who are preying upon your wish to become rich. No one is interested in making you a millionaire. All they are after is your money only.