Lets face
the truth. Being broke is terrible.
The type of things that come with no money
ehn, the kind of suffering!
And not the kind
of broke when you feel you do not have money for a new shoe, or phone?
The type
where you need to do something extremely important and you don’t have the money
for it.
Then you try
to borrow and even N500 becomes hard to find after chasing all your family and
friends.
It is
frustrating and depressing!
The reasons
why we become broke are usually simple to know and solve, not like the theory
taught in our schools that need long calculations. The answer can be found in
things we do, day-in, day-out.
If you
constantly find yourself to be broke, or you just want to avoid it, here are
tips on why people go broke and how you can avoid it starting today.
- ·
You
may lack of financial knowledge
- ·
You
may lack of financial discipline
- ·
Bad
financial decision making
- ·
You
do not set a budget
- ·
You
do not work with the budget
- ·
You
do not have an emergency fund set up
- ·
Not
having any form of savings
- ·
Not
having financial goals and targets
- ·
Not
setting achievable financial goals and targets
- ·
Having
an unreasonable budget
- ·
Having
no plans for your savings
- ·
Spending
too much on family, friends and yourself
- ·
Inability
to say no to excessive requests from others
- ·
Borrowing
to support a lifestyle above your means
- ·
Having
vices (drinking, smoking, gambling)
- ·
Inability
to delay immediate gratification (pleasure and satisfaction) in the short term.
Some good
financial resources, if you want to have a healthy financial state that I have
found extremely useful are
Think and
Grow Rich by Napoleon Hill
Rich Dad,
Poor Dad by Robert T Kiyosaki
The
Millionaire Mind by Thomas J Stanley
The
Millionaire Next Door by Thomas J Stanley and William D danko
The Science
of Getting Rich by Wallace Wattle
Total Money
Makeover by Dave Ramsey
Secrets of
the Millionaire Mind by T Harv Eker
The Richest
Man in Babylon by George Clayson
The 100 Absolutely
unbreakable laws of Business Success by Brian Tracy (a must read for everyone)
Does success
for you mean financial satisfaction? Make your money work for you and own your
life in full.
Learn more here: https://chat.whatsapp.com/DA63xSmuYpJHjS9VhLljjI
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