As a financial advisor, helping clients avoid common mistakes is one of my top priorities. One of the biggest mistakes people make is not having a clear financial plan. Without a plan, it's easy to get off track and make impulsive decisions that can negatively impact your financial future.

Another common mistake is investing without fully understanding the risks involved. It's crucial to have a diversified investment portfolio and to educate yourself about different investment options. Don't let fear or greed drive your investment decisions; instead, be strategic and disciplined.

Lastly, avoiding excessive debt is essential for financial success. It's tempting to live beyond our means and rely on credit, but accumulating high-interest debt can quickly spiral out of control. Prioritize paying off existing debt and only take on new debt when necessary and manageable.