Al Pacino once went broke after blowing more than $50 million on cars, gadgets and other luxuries — what you can learn

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struggles with money in his memoir, “Sonny Boy.”“I had $50 million and then I had nothing,” he writes.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPRobert Kiyosaki says this 1 asset will surge 400% in a year — and he begs investors not to miss its ‘explosion’After spending millions on everything from lavish rental homes to expensive landscaping, he ultimately ended up in financial turmoil.His story is a powerful reminder that financial discipline and diversification are crucial to sustaining wealth and securing a stable future.Here are a few tips that can help you manage your finances and set you on the path to building lasting wealth.The first step in avoiding financial mismanagement is setting clear financial goals. Without a well-defined plan, you may be endlessly chasing "more," constantly moving the goalpost and never reaching satisfaction or contentment.As financial guru Suze Orman said in an issue of O Magazine, “A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.” That’s the benefit of a plan. You give yourself clarity and security.To be clear, having a plan doesn’t mean simply earning as much as possible. It means determining what you want to achieve and what resources you genuinely need. By clarifying these objectives, you can work toward clear and tangible goals so that you’ll actually feel secure once you meet them.Advisor.com is an ideal resource for building a tailored financial plan.They can connect you with advisors who specialize in helping you set achievable goals, establish a clear investment strategy, and ensure that your retirement is as secure as possible.With Advisor.com, you gain access to expert guidance that helps keep your financial plan on track and aligned with your long-term vision. You can set up an initial meeting free of charge with no obligation to hire with your match.Trending: Warren Buffett used 8 simple money rules to turn $9,800 into a stunning $150B — start using them today to get rich (and then stay rich)Once you’ve set a plan and you’re investing in alignment with it, commitment is essential. “Lifestyle creep” is one of the biggest threats to your financial security as your wealth accumulates. It’s the tendency to gradually spend more money as your income increases, often without realizing it. It’s also a notion that Orman commented on, saying in a blog in October, “We’re all susceptible to lifestyle creep.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,776.00 +20.75 (+0.31%)Dow Futures47,232.00 +3.00 (+0.01%)Nasdaq Futures25,234.00 +140.00 (+0.56%)Russell 2000 Futures2,398.20 +2.20 (+0.09%)VIX20.18 +0.35 (+1.76%)Gold4,087.80 -6.40 (-0.16%)PortfolioSign in to access your portfolioSign inTop gainersCDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)SRRK Scholar Rock Holding Corporation 37.41 +7.34 (+24.41%)AVDL Avadel Pharmaceuticals plc 23.56 +4.32 (+22.45%)LGN Legence Corp. 40.27 +6.95 (+20.86%)CSIQ Canadian Solar Inc. 33.58 +4.96 (+17.33%)Top losersNFLX Netflix, Inc. 111.22 -1,043.01 (-90.36%)DGNX Diginex Limited 10.53 -2.97 (-22.00%)STUB StubHub Holdings, Inc. 14.87 -3.95 (-20.99%)HTFL Heartflow, Inc. 27.98 -2.96 (-9.57%)EOSE Eos Energy Enterprises, Inc. 13.80 -1.40 (-9.24%)Most activeNVDA NVIDIA Corporation 190.17 +3.31 (+1.77%)ONDS Ondas Holdings Inc. 7.18 +0.62 (+9.45%)OPEN Opendoor Technologies Inc. 8.12 -0.44 (-5.14%)TSLA Tesla, Inc. 404.35 +2.36 (+0.59%)PFE Pfizer Inc. 25.06 -0.73 (-2.83%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 95,061.10 -758.82 (-0.79%)NFLX Netflix, Inc. 111.22 -1,043.01 (-90.36%)GOOG Alphabet Inc. 276.98 -2.14 (-0.77%)GOOGL Alphabet Inc. 276.41 -2.16 (-0.78%)QUBT Quantum Computing Inc. 10.60 +0.57 (+5.68%)Top economic events