There are people who are fortunate to finish their college degree and blessed with intelligence to succeed but never did, unfortunately. They are usually the kind of people who get trapped in their self-defeating attitudes and behavior. These traps are:
Illusionistic thought. People constantly lying to themselves become candidates of being unsuccessful. For instance, people who choose teaching as a career won’t make them rich though it’s a noble profession. It can only give them fulfillment but not financial security.
Not productive. A person can only earn an income by being productive and earn more through hard work. Unsuccessful people spend their whole life evading the truth about self-development and hard works are the important elements to succeed in life. One must acquire a useful skill and be able to do something productive in order to earn a living.
Have rude manners. Unsuccessful people do not regard the value of time, gratefulness and humility. Example are not showing on time for an appointment, failure to express gratitude for receiving gifts whether it be material or immaterial, or asking apology for any misdeed.
Dress-up inappropriately. Unsuccessful people habitually dress-up inappropriately whereas successful people usually dress-up with fashion and appropriately according to occasion.
Possess unpleasant attitude. Unsuccessful people have discouraging outlook in life. They lack self-confidence and have the tendency to infect people around of their depression and hopelessness without realizing they are advertising themselves as losers.
They are argumentative. Unsuccessful people like to argue just for the sake of arguments. They think that friends and colleagues will be impressed with how smart, or clever they are when they initiate the debate.
Do not set priority. Unsuccessful people cannot set priorities. They do not realize that it’s not a sacrifice to give up things of lesser importance for those things of greater importance.
Successful people do the opposite.
July 2, 2009 |
Finance |
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Money issues have become a big thing to us these days and apparently we can see it all around. No part of the world is spared from these financial issues which seems to have included usually trouble free places such as the United Kingdom. If you don’t believe me, check out the UK debt news or personal finance news for yourself and you will see what I mean.
So much for financial woes, how do we cope up with them? Well, one is the hardest part; SACRIFICE. This is one word that no one wants to do regularly but apparently they have to today. It’s not a pretty thing to do but if you want to survive, you just have to do the necessary steps to be able to do so. Cut the spending, save each dollar or pound as much as you can and make sure you are able to provide for your family and most importantly for yourself.
Now in cases where you have excess money to spare, don’t go on and think of spending it on something like investments. Remember, investments are a big risk these days especially if you are thinking of stocks or real estate properties. These sectors are down and making an untimely investment is like throwing away cash for nothing. Hold on a bit and observe the market. If you want, get a broker or a reliable analyst so that you know where to place your money or better yet, where not to.
The times are hard and finances are unpredictable. For the employed, you never know when you would join the unfortunate ones who would be given the pink slip. If that happens, you can imagine the devastation it would have on you financially and morally. All it takes is one wrong step and you could end up losing a lot, and this is not only in terms of money. Each penny earned is critical and will eventually be your security blanket.
There is no telling when the economic crunch would come to a halt. Uncertainty is in the air and if you are still getting income, enjoy it. However if you are getting more than what you need, don’t go on a shopping spree just yet. Monitor the behavior of the business sector and the economy outlook. You will see the trend and once you see that upward swing once again, by all means invest as you wish and put your money to good use for your future.
June 30, 2009 |
Finance |
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Lives have become different for most of us and it is apparent that the financial situation we are all in has a lot to do with it. Prices are going up and people are losing their jobs. Hence the only bright spot of it all is adjusting our lifestyle which includes our families. Luxuries are rare these days and while most of us dream of once again having that life, the question of time lingers in our minds.
True enough, no one is spared. From the little tykes up to the elder people who should be retiring and resting their laurels for the little time they have, everyone is feeling the crunch. Adjusting is not easy. Many feel that turning to substitute products or perhaps giving up some of these things is a step in the right direction towards coping up with the financial stress we are in. But just as we think that this can resolve our issues, only one part of our lives are being addressed. Looking at it as a whole, financial resolutions are far-fetched for anyone aching to live the good life once again.
If there are people who are hit unfairly by it all, it has to be the elders. Particularly for the ones who have toiled long and hard who have been looking forward to a rewarding respite, it seems that all that would be just a memory. Not that they did not work hard enough, the initial goals that they had set have been staked harder. Unfair or not, the elders have been collateral damage to this whole debacle.
What is one to do? Just three words; Ride It Out! Sacrifice is a strong word these days and it is tied up to other areas related towards the financial outlook which many have found to be close to mission impossible. Some may say it is exaggerated but the fact remains, we are in a lot of stress and hard times ahead.
The only bright side is that we are learning to save once again. You can bid adieu to the spending sprees. Today, there is no such thing unless you are filthy rich. However today, even the rich are not spared. Assets and cash flows are not as flourishing as they should be and people risking their credit scores are overly cautious.
Well who wouldn’t be. Remember that this economic turbulence is a test of character for now. It has happened before. And like before, it can only get better. But the only question is when it will get better.
At the rate that things are turning out these days, it is wise to keep you dollar in your pocket. Passing up something you want like a mobile phone or perhaps eating out is not as easy like before when you can spend like crazy and don’t have to worry about the free flow of money once payday comes. Prices are rising and unless you manage your finances wisely, chances are you will find yourself drowning in debt.
The economy is changing and so are the consumer buying behavior. Discounts are a given but if you are wise, don’t bite if you cannot afford to do so. Consumer goods can wait but survival cannot. A loan would be helpful but once payment time comes, you will just scratch your head and tend to be limiting your spending power as well. Yes folks, these days, there are great deals but the problem is on whether such bargains are indeed worth paying for.
Debt free management is not all about buying the reasonably priced goods. It is also about knowing how far a buck can go and apparently there is a breach on that area of understanding. You can trim down your spending and sacrifice for now. However, it is also about knowing when to buy and what to buy. You just don’t have the luxury of buying anything as you wish. These days, it is all about weathering the financial storm with wise decision making, something that has been overlooked by the supposed wise consumer.
Further, no one is spared from the economic turmoil. We find ourselves at a time where we can jump into the great deals without proper deliberation on what the outcome would be. Debt is more than financing. It is about being mature and deciding wisely. Mental inputs and conditioning are likewise key. Holding a dollar is not as simple as putting it in your wallet and saving it for a rainy day. You just have to sacrifice and make sure you spend it wisely like perhaps the bare necessities and rank them accordingly.
No one needs to know what these bare necessities are. They are pretty obvious. Food, shelter and clothing can be itemized in any chronological manner from people but it still remains that these are the basic needs necessary for survival. Lay off the vices and the gadgets for now. They may be priced with crazy discounts or installment deals but in the end, if you don’t manage your finances well, you will just end up drowning and place yourself closer to declaring bankruptcy if you are not careful.
Bankruptcy is not the lifesaver for debt victims. It may release your of certain financial obligations but your credibility once the economy stabilizes is put at risk. Just wait a while and cut spending as much as you can. Give it some years and you will find that rewards for holding back during the crisis will be a benefits only you can enjoy, without a tarnished image at that.
