The Real Reason You Aren’t Financially Successful

Photo by Charles Deluvio on Unsplash

I don’t care what anyone says, money is important and it’s for this reason that just about every person on Earth has financial goals. Some people want to become insanely rich while others simply want to have enough money to not worry about their bills. Unfortunately, no matter what your financial aspirations are, there is a high probability you will never meet up with these goals if you act as your own financial obstacle and as such let me explain the reason you may not end up becoming financially successful!

As I just mentioned, many people want to become wealthy or at least improve their financial positions yet they continue to act as the barrier in reaching their financial goals. One obvious way they do this is through overspending. I know it sounds remedial to some but the concept of spending less than you earn is incredibly hard for many people and as such can lead to a lifetime of consumer debt struggles and late nights staying up worrying about bills. Now, whether you are overspending because you didn’t grow up with a proper financial education or you overspend because your boss has you working on a demanding project and you need some retail therapy, fortunately this particular issue can be easily remedied with a bit of budgeting and self-control.

Another way that we hold ourselves back financially comes down to self-improvement. Let me ask you this, when was the last time you read a book, took a course or actively sought out financial advice from a mentor? I hate to say it but most people these days are so focused on staying up to date with their current roster of Netflix shows that they wipe out any chances they will ever have of succeeding financially. Now, sure you can watch TV from time to time but if you aren’t upgrading your skills that will make you inherently more valuable on the open market then how do you ever expect your boss or businesses in general to pay you more money?

Finally, perhaps you’re one of those people who holds onto their money tighter than my girlfriend holds my hand at a haunted house and saves every penny you make. Sure, saving your money is better than blowing it all and if you’re saving then I commend your efforts however saving is only half the battle if you are seeking to grow your wealth over time. What most people fail to realize is that saving…