Don't Follow the Herd: 7 Costly Mistakes People Make With Their Money...and How to Avoid Them

From the time we're old enough to walk, society teaches us to work hard, think for ourselves and above all else, never succumb to peer-pressure. Yet, as we grow older and less confident in ourselves, we find it easier to simply follow along with what everyone else is doing - a phenomenon known as the "Herd Mentality."

This phenomenon is most obvious when it comes to our money. Like clueless Cows led to slaughter - we give the Financial World our money because that's what everyone else …