Which financial mistakes will keep people poor?

Sure, here are ten common financial mistakes that can keep people poor:

Living Beyond Means: Spending more than you earn is a surefire way to stay in a cycle of debt and financial instability. Creating and sticking to a budget is crucial for financial health.
Not Saving for Emergencies: Failing to build an emergency fund can leave you vulnerable to unexpected expenses or job loss, forcing you to rely on high-interest debt to get by.
Ignoring Debt: Ignoring debt or only making minimum payments can lead to long-term financial strain due to accruing interest. Developing a plan to pay off debts aggressively is essential.
Not Investing: Keeping all your savings in a low-interest savings account means missing out on the opportunity for your money to grow over time through investments like stocks, bonds, or real estate.
Impulse Spending: Giving in to impulse purchases without considering their long-term impact on your finances can quickly drain your resources and hinder your ability to achieve financial goals.
No Financial Goals: Without clear financial goals, it's easy to drift through life without a plan for building wealth. Setting specific, achievable goals can provide direction and motivation.
Failing to Educate Yourself: Lack of financial literacy can lead to poor decision-making when it comes to managing money, investing, and planning for the future.

Investing time in financial education can pay off immensely.
Neglecting Retirement Savings: Putting off saving for retirement can significantly impact your financial security later in life. Starting early and consistently contributing to retirement accounts is crucial for a comfortable retirement.
Overreliance on Credit Cards: Relying too heavily on credit cards can lead to high-interest debt that's difficult to pay off. Using credit responsibly and paying off balances in full each month can help avoid this trap.
Not Seeking Help When Needed: Pride or shame can prevent people from seeking help with financial issues, whether it's from a financial advisor, counselor, or support group. Recognizing when you need assistance and reaching out can make a significant difference in your financial well-being.