People use to say “life is the game” We have to play as good as we can.
Most people ask themselves why life is so difficult, I work hard, I get my salary but in a few days I find myself with no money. This question makes people to look for another way to get more money and may be when they use another way of getting money they face the same problems, this is called lack of knowledge, they don’t know what the problems are, This book will take you over on how to solve those problems which give you trouble everyday.
- Not planning. Planning your finances isn't as much fun as planning a vacation, but doing it will help you archiving the best. Not planning your financial will cause you to use the money and you don’t know how you used it’s very dangerous to do things without planning not only financially but also in almost everything. Plan your finance, evaluate your plan and put your plan in practice.
- Overspending: This is the most problem most people get, spending too much even if they earn a little. Simple way to help you determine that savings is the difference between what you earn and what you spend, assuming you're not spending more than you're earning you will be very far financially than spending more or exactly what you earn. To increase your savings, you either have to work more and spend less. For most people, the careful approach is the key to building savings and wealth.
- Making decisions based on emotion. You are most at risk to make the wrong moves financially after a major life change e.g a job loss or divorce, or when you feel under pressure. Maybe your investments have plunge in value. Or perhaps a recent divorce has you fearing that you won't be able to afford to retire when you had planned, so you pour a lot of money into some newfangled financial product. Take your time and keep your emotions out of the picture.
- Nobody Plans to Fail, They Just Fail to Plan. The most common reason people find themselves in a financial problem is because of poor planning. Too often we live for today with little regard for tomorrow. Many of us commit ourselves to multiple long-term debts. That would imply that we know our jobs and health are secured for the terms of those contracts. Every journey begins with a map. Likewise every financially should began with a plan. Having no plans or goals will make a person to have no enjoyment with their finances. You will end up “Hope for the best but prepare for the worst.”
- Delaying saving for retirement. Most people say they want to retire in a certain age. But in order to accomplish this financially, most people need to save a reasonable amount (around 10 percent) of their incomes starting sooner rather than later. The longer you wait to start saving for retirement, the harder it will be to reach your goal.
WHAT ACTION CAN YOU DO WHEN YOU ARE HAVING FINANCIAL PROPLEM?
- Goal setting
- Avoid unnecessary cost
- Budget and fulfill it
- Live according to your financial status (Don’t try to live someone else life)
- Get knowledge from the people who had the same situation like yours they will give you techniques on how to solve it
- Try to associate with people who are not in your class mostly associate with high class who can advise you on how to move on financially.
- Be courageous and strong by believing that you will have a better future.
- Plan for yourself don’t let someone else plan for you.
- Struggle to want to have more (Don’t be static try to be dynamic).
- Scatter yourself from people who use much of your time for nothing.
- Don’t cheat or steal
- Don’t blame someone or something
Most people are frustrated, don’t know what to do, crying every day because of misuse of money, beating their wives or children, complaining too much. All this will end when you apply the above knowledge and try to find who is the source of all this problem, Mostly if you want to make change for your financial make yourself as a cause of financial problems and try to find the way to get rid of it. Don’t point your finger to someone else because you have all the power to say YES and to say NO to people who want to misuse your money and find polite way to say NO to people whom you see they misuse the money you are making.
In this book I took you over the important ways on how to overcome financial problem.
What are you waiting for wake up and shine.
