The 7 biggest money mistakes 40-somethings make

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Are you experiencing a midlife financial crisis?

We spend a lot of time thinking about our financial strategies at the beginning and end of our working lives -- how we'll stretch our first entry-level paychecks, what our retirement will look like, and so on. But we can loose focus when we hit our 40s and wind up coasting -- when we should still be actively strategizing.

If it's been a while since you re-evaluated your financial goals, look at this list of the seven biggest financial mistakes that 40-somethings fall prey to. If you're guilty of any, a course-correction may be in order.

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Paula Pant ditched her 9-to-5 job in 2008. She's traveled to 30 countries, owns six rental units and runs a business from her laptop. Her blog, Afford Anything, is a gathering spot for rebels who refuse to say, "I can't afford it." Visit Afford Anything to learn how to shatter limits and live life on your own terms.

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