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6 Reasons Why You Will Never Become Financially Free - Nairaland / General - Nairaland

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6 Reasons Why You Will Never Become Financially Free by ggrin(f): 10:52am On Jul 25, 2014
Many people want to be financially
independent to do whatever they want,
whenever they want with whomever they want
but only a few of them become so.
So if you are one of them, let me give you 6
reasons why you are still not financially
independent .

#1 You think it’s impossible
I spoke with many people about financial
independence and each one of them
completely agrees on the fact that financial
independence is great.
Not worrying about money, travelling
wherever we want, buying whatever we want
without feeling guilty…is something many
people want but only a few of them will ever
achieve simply because they will tell
themselves:
“Stop dreaming! That’s not going to
happen, that’s too good to be true…”
Which boils down to:
“That’s impossible”
That belief is what prevents most people from
ever reaching financial independence because
if they believe something is impossible they
won’t take any action. They won’t read any
book about finance, they won’t attend
seminars, they won’t interview people who are
already financially independent, which is
necessary to become financially independent.

#2 You don’t have any plan
If you say that one day you’ll be financially
independent make sure you have a plan.
Having a strong desire to get something is not
enough, you need to implement strategies
otherwise that’s just dreaming.
So can you tell me what is your plan for the
next 5 years? What will you implement exactly
in the future to reach your financial
independence?
If you can’t answer both questions, finish
reading this article and start writing down your
plan. I don’t want you to procrastinate! If you
tell me that you’ll make it tomorrow you won’t
do it. So start making a plan and stick to it!
See also: Reach any goal with that simple
trick

#3 You spend all your pay immediately
Don’t be like 80% of people; pay yourself first!
That’s the rule n°1. No matter what you’ve
read so far about wealth creation or financial
independence saving money must be your
priority.
So what do I mean by paying yourself first?
“Paying yourself first means that every time
you get any income you want to immediately
put 10% of your money aside (on another
account for example). Before paying any rent,
any taxes, any loan, food, clothes…”

#4 You take advice
This point is also really important. A lot of
people who want to become financially
independent take advice from other people
around them. That’s a big mistake so if you do
it, stop it now.
When you take advice from your friends,
family, colleagues…you won’t get any benefits,
unless they achieved what you want. The only
thing they will give you is thousands of reasons
not to invest, not to undertake, not to do this
or that. They will hold you back with their fears
and expectations.
Only take advice from people who already
have the result you want to get!

#5 You don’t make sacrifices
We tend to think that financial independence is
something that we will get with time and
patience. Time and patience are necessary of
course but a lot of efforts are required too.
You need to make some sacrifices! I know
when you come back from work or school
you’re tired and the only thing you want is lay
down on your sofa and watch TV, go on
Facebook or watch videos of cute cats on
Internet.
If you want to be financially independent
forget all of that and read books and watch
educational videos about what you want to
achieve for example.
You need to get your head right if you want to
create wealth. That’s a part of the sacrifices
you need to make.
With time you’ll see that you will enjoy it.
Reading books will be almost like seeing
money coming in into your bank account. But
if you notice that after reading 1 or 2 books
you don’t enjoy the time you spend getting
educated on that topic, you should forget
about becoming wealthy. Because what’s the
point of becoming financially independent if
you don’t like the process involved?

#6 You are not grateful
You need to recognize the wealth you already
have. Be grateful for being alive, for having a
family, friends…if you are not, financial
independence will bring you nothing. Don’t
think that money will bring you happiness. If
you don’t see the beauty in your life today, you
won’t see it tomorrow with $1billion.
Re: 6 Reasons Why You Will Never Become Financially Free by dotmanxp(m): 11:06am On Jul 25, 2014
this ur topic resemble curse o. i rebuke it IJN
Re: 6 Reasons Why You Will Never Become Financially Free by Jackeeh(m): 12:41pm On Jul 25, 2014
dotmanxp: this ur topic resemble curse o. i rebuke it IJN

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Re: 6 Reasons Why You Will Never Become Financially Free by leonard509(m): 5:06pm On Aug 21, 2014
Nice

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