#2 – Forget That Pride Goes Before a Fall – Pride can get in the way of preparing for worst-case scenarios.
People tend to feel overly optimistic about their ability to pay back debt, stay out of harm’s way and maintain perfect vehicular performance indefinitely. This tends to lead to either a stupendous or horrendous outcome.
Source:
http://www.bankrate.com/finance/financial-literacy/abandon-all-hope-ye-who-enter-here-1.aspx
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