5 Personal Reasons for Personal Financial Stumbles
When it comes to failure and financial poverty, it is easy for one to shirk one's responsibility and blame circumstances and others.
No one denies external reasons or factors! But blaming it will not work and will not come to any conclusion, but what everyone has to do is take the initiative to take responsibility for their current and future financial situation.
We will share with you in this article, 5 personal reasons that are a factor in many people remaining on the financial side of their lives:
1. Weak motives.
In other means, a person has no justification for his interest in earning more money, developing himself, and improving his standard of living. Satisfied with a little, whether lazy or incapacitated, is a negative conviction and a weakness in the energy, and maybe caused by either:
- Lower personal expectations ceiling.
- Or surrender to challenges and obstacles.
2. Low professional skills.
Those skills qualify you for the right job opportunity or those that qualify you to be promoted in your current job or move to a more appropriate job to improve one's income.
There are skills that anyone can use to improve their chances of increasing their income, whatever their job or job, such as learning:
- How to sell
- How to negotiate
- How to manage his relationships?
- How to invest?
3. Financial illiteracy.
In this case, the individual is ignorant of the simple alphabets of financial development that ensure that his or her future and that of his family are secured, and he or she is also ignorant of the financial mistakes he has to avoid so that he does not waste his financial resources in useless matters.
Financial illiteracy can flood its owner with debt, fail its business, make it vulnerable to fraud and deception, or make it spend its money without a clear and random plan.
4. Lack of a financial application program.
Per capita income may be acceptable, but it does not develop for a better future. Myopia, lack of planning for the future, and a lack of vigor in doing what needs to be done are major disasters. If that person is forced to leave work for any reason (e.g. illness, disability, old age, or expulsion from work), it becomes an over-number of the poor!
5- Distorts faith and spiritual beliefs.
For example, a person may think that money is from the filth of the world and its dirty filth that hurts the soul! He may also think that his poor financial situation is justice and destiny, which would justify his inability and laziness, and he would not strive to take the reasons. Others may believe that poverty is a noble virtue of faith that guarantees him a dignified return!