1. Ignoring Finance
You
have the attitude that if you make enough money, financial advance will take
care of themselves and will also take care of yourself. If you currently have
debt, somehow it will resolved itself in the future. Wonders will never happen.
It takes planning to become wealthy.
2. You coward Financially
You
are so afraid of the financial risk so that you keep all your money in a
savings account. And you know that it will shrink the value of your money
because of the effects of inflation, but you still refuse to move your money to
places where returns are higher. This is probably because you are afraid of
losing money.
3. You Invest In It You Do not
Understand
You
hear that someone has produced a lot of money from an investment, and you want
to take part in such investment. If that person really make money, it is
because he understands how the investment works. If you went along to invest
your money because someone else has generated a lot of money without fully
understanding how the investment works, it will keep you from wealth.
4. You Rely on Others to Take Care of
Your Money
You
believe that others have more knowledge on the subject of money, and you are
relying solely on their judgment when they have to decide where you should
invest your money.
Unfortunately, most people just want to make money for himself, and this is their main objective when they tell you about how you should invest your money. Listen to the advice of others to get new ideas, but in the end you should have enough knowledge to make your own investment decisions.
Unfortunately, most people just want to make money for himself, and this is their main objective when they tell you about how you should invest your money. Listen to the advice of others to get new ideas, but in the end you should have enough knowledge to make your own investment decisions.
5. Always Finding Your Way Rich Quick
It
is a fact for most of mankind that wealth will not come instantly fall from the
sky. you may believe that people can become rich by following the lottery or
gambling toggle install, but the reality is you are much more likely to be
struck by lightning than winning the lottery. The desire to get rich quickly
and even tend to spill over into the way you invest.
6. You Are Not Ready Facing Disaster
Bad
things can happen to good people anytime, and if you are not ready to deal with
the disaster through insurance coverage, any property that you may have can be
gone in an instant wake.
7.
you do not have a purpose
It
is difficult to become rich and build wealth if you do not take the time to
figure out what you want. If you have not set a goal to become rich, you will
not be possible to achieve your desired state. You need to do something more
than just a statement, "I want to be rich." You need to take the time
to determine the purpose of a savings and investment plan on an annual basis
and think of an action plan to achieve those goals.
7. You Have Bad Habits
Whether
it's smoking, drinking, gambling or other bad habits, these habits can waste a
lot of money that you can use to build wealth. Most people do not realize that
the cost of the bad habits they may extend far beyond the immediate costs.
Smoking, for example: the costs incurred could be greater than the price of a
pack of cigarettes you buy when you fall ill or negatively affect your wealth
in the form of higher insurance rates and a decline in the value of your home
insurance.
8. You can not wait
Before
emerging era of credit cards, it's hard to spend more than what we have. But
that was the past, now is the era of credit cards. If you have credit card debt
because you can not wait until you have enough money to buy something in cash,
you've made someone else rich while you trapped in debt bondage.
9.
you are too concerned with what other
people
If
you keep up with the neighbors in matters of property, you will be wasting your
money that you get the hard-earned to purchase items with their impressive goal
rather than using it to build your wealth.
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