Wealthy people have a reputation for being good with money. However, even rich people can make poor decisions with regard to their finances. “I've documented some horrific money blunders some smart, wealthy individuals always seem to repeat,” said Tom Corley, who spent five years studying the money habits of the rich for his books, “Rich Habits” and “Change Your Habits, Change Your Life.” “You would think they’d know better, but they don’t.” Whether you're currently a member of the 1 percent or simply aspire to join this fortunate group, it's important to learn the best ways to manage your money. If you want to keep more of your pennies, avoid these financial foul-ups even rich people make.
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