Financial Bondage: Reason for Financial Disability

Financial bondage is whatever keeps us away from reaching our financial success goal.

financial bondage

Things that kept you in financial bondage

Every man has his own demons that keep him from reaching the heights of financial success; there we all have to strive to break free of these demons if we want to be financially okay. There are several things to avoid making it in life.

Laziness

Some people are broke and remain in financial bondage because they do nothing. People who do nothing are lazy and don’t make money. They spend most of their lives begging rich people money and living a life not befitting of them. Move out and do something fulfilling that will make you the cynosure of all eyes in the financial world.

Frustration

When one is dealing with money, one can be easily frustrated if one is not careful. This happens especially when one does not get the amount of money required to forge ahead. Sometimes we want to save and invest, but even after many hours of work, we fail to achieve our aim. It is apparently frustrating at times, when finances become an issue. An individual who wishes to make it in life will not be deterred about the shortcomings, but will look ahead.

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Bad and unsteady lifestyles

Some of us are not wise when we suddenly have a increase in finance, either through salary increase, profits from sales or financial gifts. For more, money we earn we have to be prudent and wise on how to spend it. Some people suddenly want to increase their spending as they earn, instead of spending less and investing more. What people forget is that, the financially buoyant times are just for a moment, it doesn’t last forever. We should be careful.

Buying impulsively

Impulse buying is a bad habit that should be curbed by people who want to make it in life financially. Bill gates and Warren Buffet didn’t make their billions by been wasteful. Only a frugal person succeeds in life. No one is saying you shouldn’t buy things you like or see. But it should be within what is necessary, not just because it is fanciful. Before you buy that shoe, leather bag, watch and gold chain, been pause and ask yourself, is this thing really necessary now, or are you buying just to get that girl. Be warned!!

Fear

Lots of people are crippled financially because of the fear of not taking risks and of missing out. Firstly let us look at the fear of not taking risk. You cannot be a billionaire without taking risk, no one makes a time on surety, and nothing is sure in this life except death. Smart people leave their cocoons and venture into businesses that one has dared gone to. Risk takers are money makers. Leave your comfort zone and invest smartly in business and stocks. Like I said be smart and taciturn.

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Procrastinating

This is a habit that has kept people in financial bondage over the eyes. Individuals who are terrible procrastinators rarely make in life .This is because the leave things too late ,while smart and intelligent risk takers might have make the best use of the time. To make money you have to stop postponing things that should and can be done immediately. You have to know there are many people like you out there who are hungry for financial success and will take it without fear or favor.

Conclusion

In conclusion, we can easily agree that these agents of financial bondage are enticing and pretty easy to exhibit. But, since we know the end of these agents is financial disability, we must strife to make sure we kick them out of our lives.

 

Whats your Opinion?