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4 Habits To Avoid For Financial Security

4 Habits To Avoid For Financial Security

In our world these days, money has become a debatable conversation. On one end of the world, the elites hoard money and gold bars while on the other end millions are fighting for a dollar. Therefore it has always been the largest community in the middle that’s in the fine line of falling through either end or staying stable.

Financial literacy has been a major subject for many discussions as we lack financial education in our schools, home, and work. These have led to many unforeseen circumstances for many families; the impact has been a catastrophe, which wasn’t intended. Therefore, it’s become crucial for one to understand how to protect one’s assets.

Here are a few pointers to ensure your financial stability excellence despite a terrible economy in the future.

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 1. Avoid Spending Like A Fish

You’ve heard the statement drinking like a fish; however, there are instances where one spends like a fish. We grew up watching Hollywood painting luxury and brands as affordable items for many. Therefore, the moment we start earning a sufficient income we tend to spend on Bvlgari, Prada, and Armani and we forget that even flea markets offer the best options too.

However, these forms of investment hold value only under one’s eyesight and they fail to provide any financial values. Eventually, this form of unprecedented spending leads to a bad financial status. Therefore instead of spending your money on invaluable assets, try saving and investing them in profitable and passive income generating avenues.

2. Avoid Investing in Unsolicited Investments

Well, we have all heard that investing is the best way to ensure financial security. However, an unsolicited investment such as bets and gambling can lead to a great loss. Usually, this happens in the superstitious-ness of one’s mind; being influenced by the Do’s and Don’ts of gambling or avoiding the Number 13 bets becomes the key factor when one indulges in gambling.

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However, one must also realize that not everybody can be the master of the game and the house always wins. In our world, being influenced by quick cash and fast riches has to lead to the destruction of many finances. Therefore, investments are definitely a good idea, however, there’s a fine line between investing in a share market and investing in a slot machine.

3. Avoid Putting All Your Eggs In One Basket.

You might have heard this saying, “don’t put all your eggs in one basket,” and that definitely resembles how finances should be handled too.

This concept applies to savings and investments. Therefore, instead of keeping all your money in one bank account, one might as well diversify one’s assets. Hence transforming all income into either valuable assets, bonds, savings or other currencies is an excellent idea.

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This gives you a cushion and a backup plan in case one of your finances falls through; you will definitely be able to recuperate through your other “baskets”.

4. Avoid the Term “Settling Down” Until You’re Ready

Humans are programmed with a routine; we are all taught at a very young age that the biggest priority is to follow a pattern of life. Many of us find our soul mates, get engaged, married and proceed to have children. This is where the term “settling down” comes in. Our first investment would be a car and a house under a mortgage. While many debate the importance of not having a real estate and asset investment, Guy Kawasaki mentions that taking a mortgage is what has kept half the world population in debt.

Hence, avoid the term settling down until you’re ready. You should have a surplus of passive income, which gives you the comfort and confidence of purchasing an asset or real estate without being bonded with a mortgage. Loans and Mortgages exist as a diabetic sepsis to keep the world constantly in debt.

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Hence, if you’re able to break free it gives you a great incentive for a financially stable life.

There are many ways to ensure your financial stability. These are some simply, precautionary methods to help you towards a stable, wealthier and happier life. While many say that money doesn’t buy you happiness, it certainly builds a bridge for it.

Featured photo credit: Tumblr via europedirect.lt

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Last Updated on October 22, 2019

How to Get “I Can’t Do It” Out of Your Vocabulary

How to Get “I Can’t Do It” Out of Your Vocabulary

When someone says, “I can’t do it” . . . I say to myself, “What do you mean you can’t do it?” Maybe you don’t want to do it, but saying you “can’t” do it is a completely different story.

With the right mindset, positive attitude, and a clear vision of what you want to accomplish, the only thing that is holding you back is yourself.

Can’t is a terrible word and it has to be taken out of your vocabulary.

By saying you can’t do something, you’re already doubting yourself, submitting to defeat, and you’re making that barrier around your life tighter.

So today, right now, we are going to remove this word for good.

From now on there is nothing we can’t do.

“Attitude is Tattoo”

Your attitude is everything; it’s your reason, your why and how, your facial expression, emotions, body language, and potentially the end result. How you approach an opportunity, and the result of it, is solely based on you — not your boss or your co-worker or friend.

If you enter a business meeting with a sour attitude, that negative energy can spread like wildfire. People can also feel it — maybe even taste it. This is not an impression you want to leave.

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Now imagine you enter a business meeting with a positive attitude, that whatever happens in here is going to be your result, in your control, not someone else’s. Of course, we can’t always win, but even if the outcome is negative, your attitude and perception can turn it into a positive. The question is: can you do it?

Of course you can, because there is nothing in this world you can’t do.

It’s much better to be known for your positive attitude — your poise, your energy, the reason why things go so well because you are able to maintain such character. A negative attitude is easy. It’s easy to complain, it’s easy to be mad, and it’s even easier to do nothing to change it.

When I say your “attitude is tattoo”, it sounds permanent. Tattoos can be removed, but that’s not the point. Your attitude is like a tattoo because you wear it. People can see it and sometimes, they will judge you on it. If you maintain a negative attitude, then it is permanent until you change it.

Change your attitude and I guarantee the results change as well.

Believe You Can Do It

Do you know why most people say “can’t” and doubt themselves before trying anything?

It’s our lack of self-confidence and fear on many different levels. The one thing we have to purge from ourselves is fear — fear of bad results, fear of change, fear of denial, fear of loss, the fear that makes us worry and lose sleep. Worrying is the same as going outside with an umbrella, waiting for rain to hit it. Stop worrying and move on.

Confidence is fragile: It builds up slowly, but can shatter like glass. Project your confidence and energy into believing in yourself. This is a very important and groundbreaking step — one that is usually the hardest to take. Start telling yourself you can do something, anything, and you will do it the best to your ability. Remove doubt, remove fear, and stick with positive energy.

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Embrace Failure

Do not fear failure. Do not run away from it. Face it, learn from it, grow, and take action. Just remember: You will never know success if you have never failed.

Your confidence will bolster after embracing these facts. You will be immune to demoralizing results, and instead you will find ways to fix it, improve upon it, and make it better than before. You will learn to never say “can’t,” and will realize how many more opportunities you can create by removing that one word.

Don’t let one simple and ugly word plague your confidence. You’re better and stronger than that.

Start Making the Change

But to actually start the process of change is very challenging.

Why is that?

Fear? Time? Don’t know how — or where — to start?

It’s hard because what we’re doing is unlearning what we know. We are used to doing things a certain way, and chances are we’ve been doing them for years.

So here are some ways that I avoid using the word “can’t”, and actually take the steps to put forth the change that I wish to see. I hope you can incorporate these methods into your life.

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Write down What You Want to Change

Write it on post-its, notecards, whatever makes you comfortable — something you will always see. I usually write mine on post-its and put them all over the wall behind my monitor so I always see them.

Tell a Friend and Talk About It

Discussing your goals, what you want to change, is very effective when you say it out loud and tell another person other than yourself. It’s almost like saying, hey, I bet I can do it — watch me.

When you fulfill that goal and tell your friend, it feels rewarding and will motivate you to do it again in a different aspect. Who knows? Maybe your friend adopts the same mindset as you.

Stop Yourself from Saying the Forbidden Word

Sometimes,I can’t control myself in public when I’m with friends, so I have to be careful with the words I use so I don’t embarrass or insult anyone.

Treat the word “can’t” as the worst word you can possibly use. Stop yourself from saying it, mid-sentence if you must, and turn your whole perspective around — you can do it, you will do it, and nothing is impossible!

Repetition, Repetition, Repetition

You think this change will be overnight? No way. This is a practice. Something you’re going to be doing for the rest of your life from now until forever.

As I said earlier, you are unlearning what you know. You know how easy it is to say you can’t do something, so by unlearning this easy practice, you’re self-disciplining yourself to live without boundaries.

Practice this everyday, a little at a time, and before you know it, the word can’t will not be part of your language.

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Do Anything That Can Relieve Your Uncertainty

When I catch myself saying I can’t do something or I don’t know something, looking up information on that action or subject, doing research, educating yourself, relieves that uncertainty.

Sometimes, we think we can’t do something because the whole idea of it seems too large. We skip the small steps in our head and only focus on the end.

Before you say you can’t do something, rewind and slow down a little bit. Focus on what the first step is, then the next. Take it a step at a time, and before you know it you will have done something you previously thought you couldn’t do.

Final Thoughts

You know what you must do. The first step is right now. Once you begin this habit, and really start noticing some change, you’ll realize the door to opportunity is everywhere.

The funny thing is: Those doors have always been there. The evil word that we no longer use put a veil over our eyes because that’s how powerful that word is.

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Featured photo credit: Cata via unsplash.com

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