A finder.com.au survey found that a whopping 47%, that’s right, almost 50% of people in the survey made a costly money mistake. Making their wealth suffer.

The most common financial mistake was ‘divorce’. This was quantified at an average cost of $144,774 per person and is estimated to effect 1.36million Australians.

The second most common culprit was a bad ‘property investment’. The estimated loss on a bad property investment was $106,104 and estimated to effect 1.27million Australians.

Too much gambling came in third. Gambling was estimated to effect 1.11million Australians.

All of these financial mistakes exceeded people ‘caught out by online scams’. Online scams effect 789,704 Australians.

Should you require further information please feel free to contact Peter Quinn by submitting an online enquiry or calling us on +61 2 9580 9166 to book an obligation free appointment.

 

The information in this document does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it.  It is important that your personal circumstances are taken into account before making any financial decision and it is recommended that you seek assistance from your financial adviser.