Despite being fairly well paid, many feel that they are not able to save enough. Following are some common “reasons” that I heard, and what I honestly feel.
“I don’t come from a rich family.” – Duh, not many people have the privilege of being born wealthy. Warren Buffet, Jack Ma, they are not born into a rich family too. Many millionaires create their own success story, their own wealth, while you are dreaming of being endowed with it. Will your dreams come true if you do not take any actions?
“If I don’t work, how to survive, how to earn money? I got no time for other stuffs” – Yes, you need to work for money. How long can you trade your time for money? Why does the rich earn so much more than the regular people and have seemingly more time on hand? The rich knows that every one has the same 24 hours, make your time count, work smart, increase the value of their time. How can we reach there? Spend time building long term value, spend time building a stream of passive income. Achieve maximum impact with the same limited time everyone has.
“Investments, I don’t know how? Very dangerous.” – Not investing is even more dangerous, bleeding your hard earned money. Your purchasing power is going to decrease as the years and decades pass due to inflation. There are so much resources available to learn. There are people willing to share. Are you willing to absorb? Have you ever ace or even pass any exams by answering “Don’t know”?
“Don’t even have money how to plan my finances? I have a family to support, have so and so expenses….” – Not having enough money. How much is enough? So you think you do not have enough, and yet you believe you can cope with the rising cost of living, or sudden need for money due to unfortunate circumstances. Failure to plan is planning to fail. How to begin on your wealth accumulation if you do not bother in planning.
You can complain about anything and everything, money not enough. the economy. your job, destiny etc. If you do not believe in changing your current situation, it will remain as it is. Are these “reasons” really reasons or excuses? Any more you heard, do feel free to share with me.
The power of beliefs: It can limit or empower you. Choose to believe in changing your current situation, and your dreams will take shape. Choose not to, and continue letting your beliefs limit you, limit your potential and limit your quality of living.
If you do not manage money, money will manage you. Do not expect pity or mercy. Do you want to be a prisoner of money for the rest of your life, or do you want to be in control of your financial situation?
Your future is in your hands. You believe, you decide.