4 Ways to Avoid Crucial Money Mistakes and Save for Retirement

Follow these tips to reach your retirement goals.
VIP Contributor
2 min read
Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Phil Town gives viewers four tips on how they can avoid money mistakes, keep more of their paychecks and achieve their financial and retirement goals. His first tip is that you shouldn't use a credit card unless you're buying an asset. That is, don't buy something you don't need just because you feel like you should. Instead, use a credit card to buy things that can propel you forward, like biographies on people you admire.

Next, Town recommends that you should pay yourself -- set out an amount you want to save or invest, then budget accordingly, rather than spend and then just save what you have left over.

Click play to learn more.

Related: Financial Tricks That Will Help You Retire Before Age 65

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon FireRokuApple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.