Fortunately for me, I started making money very quickly. I think the biggest pitfall is being unprepared for tough times. I began with a partner in '97. Unlike my partner, I put some money away. There was an economic dip in '02. Hit us pretty hard. My partner had to give up and go back to work for The Man. I was able to struggle through. Same thing last year. Beyond that, don't let success change the way you do things. I did really well '04-'07(a couple of accounts kept me rolling in '07 when other companies were going belly up) and, because of that, I got a little sloppy with things that could cost me money. A couple hundred wasn't a big deal so I treated it as such. However, when the aforementioned accounts shut their doors, I joined the recession. Suddenly, I needed to relearn how to track my pennies. Looking back, I wish I hadn't let that dough walk out the door because I couldn't be bothered to say "Hey, wait a minute. Git yer *** back in here!"
I say TSN misspelled "fattest".