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Thomas Scanlon, President, Borgida & Co. P.C., Manchester
If so, what is the deadliest sin of personal finance? The Seven Deadly Sins are lust, gluttony, greed, sloth, wrath, envy and pride. The Seven Sins of Personal Financial Planning do not follow the Seven Deadly Sins exactly. With that said, the deadliest sin of personal finance is not having a written financial plan. Without a written financial plan, you will significantly decrease the odds of achieving your financial goals. This isn't to suggest that you won't be successful, perhaps you will. The issue is that you won't know how you're doing, as there aren't any goals and benchmarks to compare yourself with. There are, however, many people that do not have a w...
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