Financial Mistakes People Make After Getting A Raise

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Investing it all

You should invest some of your money, but not all of it. Getting a raise doesn’t mean that you should suddenly move everything you have into a Roth IRA or the stock market. You need to remain somewhat cash liquid. Again, never see a raise as proof that you’ll hold onto your job for eternity. Do you know how many people got raises before this pandemic, and then took huge pay cuts?

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