Are you wondering why you are not really making as much money as you should? Is there something you are doing wrong? Well, maybe it is your attitude. Let’s examine the 6 attitudes or personality quirks that prevent you from becoming financially successful.
1: You are a reckless spender
You live beyond your means and don’t know when to stop. You always max out your credit card debt, you take on too many loans and you always choose the most expensive option when shopping. Regardless of how much you are making from your job, this attitude sets you up for failure.
2: You take too many risks
You are a big risk taker. You take too many chances with your money. Are you a regular visitor to online casinos? Maybe you think high risk can give you big rewards, but that rarely happens. You do know what happened in the subprime mortgage crisis, don’t you – a lot of very smart people took extraordinary risks, and were reduced to personal bankruptcy. You wouldn’t want that to happen to you.
3: You put off taking decisions for too long
You are a procrastinator when it comes to taking decisions related to finance. You delay paying bills, you never make credit card payments on time and you fail to file your taxes before the due date. This is setting you up for failure.
4: You refuse to learn anything about finance
You are financially ignorant. You have no interest in learning and don’t care about financial education. This is the worst attitude you can have. Money is essential to yours and your family’s happiness. You can’t just expect someone else to handle your financial transactions for you. Start reading good books, magazines and TV shows on personal finance . Also read this blog on a regular basis.
5: You have a pessimistic attitude towards life
Pessimists are never good investors because they are always worried that the world is going to come crashing down on them. They are scared of investing in the market because they fear that the stock market could come down. This is a ridiculous attitude to have. Markets could come down from time to time, but in the long run they always go up. The key is to stay invested for the long-term.
6: You give away too much
You are a kind and generous person and always willing to help out someone in need. But are you giving away more than you can afford to? Remember, money can give you a secure life, but if you were to give away recklessly to other people, you risk facing bankruptcy when things take a turn for the worse; such as when you lose your job or find yourself in a financial emergency. Don’t take that risk! It’s always good to give, but within a certain limit.