As you know, you can lose a lot of money in lots of ways. You might lose thousands at a casino. Your new car loses a lot of value as soon as you drive away from the dealership. You can lose tens of thousands selling your home if its value hasn't risen since you bought it.

You can also lose a lot by not doing certain things. Fail to buy sufficient home or car insurance, for example, and you could face major expenses. Failing to invest for your future is a major way to lose out on a lot of money. Here's a closer look at this kind of mistake.

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Source Fool.com