{"id":19562,"date":"2023-11-30T04:15:44","date_gmt":"2023-11-30T12:15:44","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=19562"},"modified":"2023-09-30T10:57:22","modified_gmt":"2023-09-30T17:57:22","slug":"100-words-on-one-of-the-biggest-money-mistakes-a-household-ceo-can-make-2","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id19562-100-words-on-one-of-the-biggest-money-mistakes-a-household-ceo-can-make-2.html","title":{"rendered":"One of the Biggest Money Mistakes a Household CEO Can Make"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/05\/shipwreck.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19575\" title=\"shipwreck\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/05\/shipwreck.jpg\" alt=\"biggest money mistakes\" width=\"540\" height=\"363\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/05\/shipwreck.jpg 500w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2013\/05\/shipwreck-300x201.jpg 300w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/a>It&#8217;s been said that failing to plan is <a href=\"https:\/\/lenpenzo.com\/blog\/id16016-the-7-most-popular-ways-to-commit-financial-suicide-2.html\" target=\"_blank\" rel=\"noopener\">planning to fail<\/a> &#8212; especially with respect to personal finances. And although <strong><em>you<\/em><\/strong> may be prepared, one of the biggest money mistakes any household CEO can make is to abandon their financial plan. Especially during extended periods of good or bad fortune. Why? Because, for those who lack the <a href=\"https:\/\/www.investopedia.com\/terms\/m\/market-discipline.asp\" target=\"_blank\" rel=\"noopener\">discipline<\/a> to stay the course, raw emotion may erroneously trump the sound reasoning that was previously used to build their strategic plan.<\/p>\n<p><strong>The bottom line:<\/strong> Having a plan is one thing. But unless you stick to it, you may as well have no plan at all.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: Christopher Michel<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s been said that failing to plan is planning to fail &#8212; especially with respect to personal finances. And although you may be prepared, one of the biggest money mistakes any household CEO can make is to abandon their financial plan. Especially during extended periods of good or bad fortune. Why? Because, for those who [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[473,455,458,461],"tags":[],"class_list":{"0":"post-19562","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-100-words","8":"category-business","9":"category-credit-debt","10":"category-investing","11":"pmpro-has-access","12":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>One of the Biggest Money Mistakes a Household CEO Can Make<\/title>\n<meta name=\"description\" content=\"When it comes to the biggest money mistakes a household money manager can make, some are bigger than others. 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