5 Financial Choices You'll RegretWe all make mistakes, but we can make fewer if we remain mindful.

ByPhil Town

Opinions expressed by Entrepreneur contributors are their own.

Regret, especially finance regret, can stick to you. In this video, Entrepreneur Network partner Phil Town discusses a handful of bad financial habits to keep an eye on. Here are five circumstances that might lead to financial regret.

  1. Not having an emergency fund.
  2. Lacking an automatic savings system.
  3. Not having health insurance.
  4. Buying things to keep up with others.
  5. Not investing enough in your own financial education.

Town mentions that he was lucky enough to get a solid education in finance, but many people are not so lucky. This education should offer training outside speculating and diversifying stock choices.

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Related:The Indicators That a Market Crash Is Approaching

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Phil Town is an Investment Advisor, Hedge Fund Manager, 2x New York Times Best-Selling Author of Rule #1 & Payback Time, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk and 15 percent returns. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

More from Phil Town

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3 Bad Investing Habits You Should Drop Before It's Too Late

Nervous About Investing? Think About Your Money This Way.

How to React When a Recession Is Approaching

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