1. Failure to Reinvest. Most retirees retire broke because they did not invest the extra money they had when they were younger. Some of them had assets and investments but treated them as mere piggy banks. They failed to reinvest whatever these assets and investments have generated.
2. Failure to Organize a System. You can’t trust luck to bring your goals to fulfillment. You have to organize a system that would help you save and invest. Most people who failed to organize a system died broke.
3. Living a Contented, Comfortable Life. No one is entitled to a particular lifestyle. You have to work hard to earn what you think you deserve. Keep on reaching for your goal and don’t get too comfortable.