Tuesday, September 6, 2022

These “poor habits” are keeping you from prosperity!

Stop doing this now (it's hurting your bottom line)

, you know those daily habits that you do on autopilot - like brushing your teeth or doing your laundry?

 

They're handy for some things, but autopilot can be very dangerous when it comes to your finances.

 

You may not realize it… but you're probably on autopilot when you're dealing with your money sometimes, too. 

 

And that's what I want to talk about. 

 

See, most people don't even notice that the reason they're always in debt or have trouble saving is that they don't recognize the poor money habits that are dragging them down. 

 

I'll throw myself under the bus… in the past, I used to pay everything as soon as my paycheck hit the bank - Important stuff like bills, subscriptions, and memberships, but also something nice for myself or for my family.

 

But the problem with that was, there would be nothing left at the end of the month.

 

So I started to prioritize setting aside at least 15 to 20% to save for the end of the month right away… 

 

That way, I make my future self feel richer first, before other people or companies got my hard-earned cash.

 

8WCNzl4uEao6RqzbTrGtAeZEmIwjTdpJ3jsQeJdRW_nXEK_N8m6UK4TW08PVpl1RriacHtUOHbl4lT-z5gRtxdLtIrgCHEqiID4m2hww3K-4BFkc9Ete_r_AlqOmXkxd3d7DDTADMHzIKv6sq2AofNe0Tl9wneCrmEwpMMSVbJG-b681mjrFj9Eqbw


Here's another habit to pay attention to: Notice how if you're given a 1-week timeline to finish a project, you take all that time to get it done…

 

Whereas if you're given the same project with a 1-day deadline, you can probably finish it by being hyper-focused and more efficient.

 

They call this Parkinson's Law - where demands will always expand to consume all available resources.

 

And this definitely applies to money. Even though your wage is increasing, it doesn't mean that you'll save more… 

 

Because of Parkinson's Law, your spending will expand to consume all your available money.

 

That's why, to prevent this from happening, you have to treat saving as a priority and think of it like you're "paying your financial security bill." 

 

Flipping the narrative like this so that poor money habits will turn to good money habits is important… because these can shape who you become over time.

 

And it will definitely translate to where you'll end up financially - whether you'll be rich or poor.

 

If you want to know more if you've got other poor money habits, discover more by clicking here!

 

If you noticed you're engaging in any of these poor money habits, be patient and kind to yourself.

 

Most of us don't learn this in school or from our parents.

 

So the important thing is you did the first step by recognizing these habits and trying to change them with good money habits.

 

Learning this, I hope, will bring you closer to your financial goals.


 

Hoping for your success,

 

Cecil Robles

CEO Genesys Financial Group

 

 

P.S. Did you recognize some of the money habits in the link? Hit reply and let me know what's on your mind!

No comments:

Page List

Blog Archive

Search This Blog

How To Collect 10 Years of Gains In 24 Hours (The Single-Stock Income Plan)

Is it possible to double your money in a single day with only $65? ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ...