Finance
Are you broke? This is why
Sometimes you do not understand how you just become broke all of a sudden, financial goals are the starting point for every action you take to make with your money.
Here are few reasons why you find themselves broke all the time,
- Dumb Debt:
Broke-people have iPhones and cars. They buy what they cannot afford to impress people they do not like. In doing this, they either waste their income or collect credit-card debts. Which keeps them broke.
- Exchange Time for Money:
You limit your income when you only get paid for the hours you work. Poor People do not see this trap. One only gets rich by multiplying their money.
- Zero Personal Investment:
Income is a ladder which you have to climb. Most don’t increase their earning potential, the only way to increase your earning potential is through personal investment. Don’t invest in books, courses or coaches, look for something meaningful that can generate another source of income.
- Negative Image:
When we don’t have an explanation, we can think that the rich get richer by stomping on the poor. However irrational, these unconscious beliefs influence their action. It acts as an invisible glass wall when they try to make more money.
Negative imagine draws people away from you and no one will want to invest in you or try doing business with you.
- Zero Financial Knowledge:
Schools have never taught us about the basics of money management. People are blank when it comes to dealing with debts or investing money.
Some people turn their priorities upside down making them spend money on unnecessary things.
And unfortunately, they never make an effort to learn it on their own.
