I know you’re wondering what’s with this title and I can explain. You see, many people struggle financially but very few know why. Well, after analyzing the mistakes of those who seem to be financially stagnant, here are 7 reasons you or someone you know is struggling to get head in the money game!
Reason #1: They don’t have money to invest
I know that you’ve heard the saying, “it takes money to make money” and while this isn’t the rule 100% of the time, there is no doubting the fact that having money helps foster further financial prosperity. You see, one of the best ways to achieve financial success is through investing but you can’t invest your wishes and dreams but rather only money instead.
Unfortunately, most broke people have a hard time covering their bills and staying financially afloat so the thought of having money left over at the end of the month to invest is a pipedream. And as this cycle of barely getting by continues over time, their chances of getting out of this rut continue to diminish. This is why the gap in wealth continues to grow because those who have money and can invest continue to see their wealth rise over time while the less fortunate people in society are stagnating at best or regressing in their financial states.
Therefore, if you or someone you know is struggling financially, you must do everything you can to piece out some money every month to invest. This is truly the only way you will get head.
Reason #2: They must take money now rather than holding out for more
I think we can all agree that coming into money is a great thing but for those who are broke, this income is extra important. As I already mentioned, broke people tend to struggle with day to day expenses which constantly puts them in a position where they are in dire need of cash. Unfortunately, this need for more money holds them back greatly in their wealth building journey.
For example, if you’re broke, you don’t have the luxury of holding out for an offer from a new employer that may pay you a much better salary because you can’t afford to miss even one paycheck. Alternatively, you may have to work two jobs which detracts…