THE,REASONS,FOR,FINANCIAL,FAIL finance, share, loan THE REASONS FOR FINANCIAL FAILURE
If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
"Money can't buy you happiness. But it helps you to be miserablein comfort."Why do people not achieve financial success?Reason One: Lack of knowledge: or more specifically, a lack ofdesire to gain knowledge. Make the effort to read aboutfinancial matters and you will learn. Many people don't knowwhere to go for unbiased advice so they do nothing.Reason Two: Failure to set plans. Did you know that only 5percent of the population sets goals and only 2 percent has anyform of written goals? Their actions have a sense of purpose:they are results oriented, they are motivated, they arepositive. They are life's winners. Without a plan, it is easyto drift aimlessly, and live from day to day. If you set goals,you will know what you want to achieve.Reason Three: Inefficient use of time and poor work habits.Time is like money - you can spend it or invest it in buildinga better you by self-development. When you waste time, you arewasting yourself. Plan your day - what do you really want toachieve today?Reason Four: Lack of foresight. Achievers can look beyond theimmediate and into the future. Although some may see yourvisions as dreams, do not forget that you have to have a dreamto make a dream come true. Unless you are fortunate enough to beleft a legacy, the only money you will ever have working foryou is what you save and invest. People with vision canmultiply their income by investing in growth investments. Workfor your money, then make your money work for you.Reason Five: The need to conform. Dare to be different! Don'tbe afraid to take calculated risks. The people who make bigmoney are the ones who do the opposite of what everyone elsedoes - sell when everyone else buys, and vice versa.Reason Six: Poor debt management through excessive borrowing.Many people have poor spending habits and having no budget. Ifyou borrow to buy things that lose value, with interest paymentsyou pay much more for the article than it cost initially.(Especially new cars, furniture etc.)Reason Seven: Lack of desire as a result of a poor attitudeabout acquiring wealth. A ba attitude has caused more personalproblems than anything else. What we expect to happen usuallydoes. Successful people are optimists, while unsuccessful peoplehave a pessimistic attitude . Block out negative thoughts andstereotypes and mix with successful, positive people.Reason Eight: Inadequate protection against unforeseen events,such as the loss of a home due to natural disaster or the deathor disablement of the bread winner. Adequate protection(insurance) against these events is vital to financial success.Not being properly covered has wiped out many potentiallyfinancially successful people.Reason Nine: Lack of discipline. Most people find it difficultto save: it is easier to say yes than no. Those who lackdiscipline to say "no" will find financial success animpossible achievement. Many people are easily led byadvertising and the easy availability of credit.Reason Ten: Procrastination. Many people put off a savingsprogram until it is too late. Young people have a wonderfulopportunity and advantage because they have time on their side.The reasons people give for not starting a savings program arevaried, and many are genuine. People in their 20s are justgetting started in life and want to enjoy themselves byspending on cars, stereos etc. People in their 30s have youngfamilies and mortgages. People in their 40s say things are toughwith kids to put through college and unexpected medicalexpenses. By the time people reach their 50s, it is too late:there's no time left to accumulate capital through the magic ofcompound interest. A convenient time never comes.So what better time to start on your road to financial success thanTODAY? Article Tags: Many People
THE,REASONS,FOR,FINANCIAL,FAIL