4 mistakes that do not let you have more money
How many times did you happen to keep saying “if I had more money I would live much better!” Even if your income grew in time?
Many of us live this paradox!
What’s the explanation?
Actually, when we know that we have solid financial resources, we feel relaxed and do not put as much restrictions as when we know ourselves strained.
So, although we have more money in our account and in pockets (we gain more), we realize that we are confronted with the same problem.
Beyond that, we have certain habits that make us spend more than we need, and who do not allow us to have more money.
1. You spend a lot on brands / label
We like brands. And we love to show them.
In the end, this is also the policy of the various producers: to create a desirable image with which the customer can identify themselves to buy.
Buying branded products is not a mistake.
But it becomes a real problem when we spend a lot of money in this direction.
Think, that finally, the brands do not define you. It gives you a certain status in society, it creates a good image in the eyes of others. But they are not talking about you completely.
When it comes to brands, focus more on the idea of quality.
Beyond the image it gives you, it’s better that the money you spend will bring you a high-end user experience.
2. You’re dying to have the latest gadgets
Somehow related to the idea of brands, we tend to spend a lot on the latest gadgets.
As the latest phone model appears, everyone breaks their savings to buy it.
Why are we doing this?
Again, because we like a lot the label. Before making such a purchase, ask yourself the question: “What other product can offer me the same quality (or similar) at a lower price?”. In this way you can get rid of a major investment that you will feel when you need it most. Do not throw all your savings on such a purchase.
Try to prioritize the things you need. Or that you want.
3. Pride does not let you take your second job
If you read biographies of rich people, you will find that many of them had all sorts of small jobs at the beginning of their career. And such people manage to raise wealth precisely because they have a mercantil way of seeing life.
They know how to use their time to earn money. And they often earned money with at least a second job.
Thus, wealthy people have grown up with care to have at least two sources of income. If one was lost, they were not found in financially distress.
So why not take a second job? It can be a project to work from home. Or it can be part time. Or a weekend job.
Opportunities exist in different places, it is important to identify and capitalize them.
4. You buy things you do not need
You have certainly moved from one place to another at least once in your life time. It has not happened to you to ask yourself, “Why do I have so many things?”
That’s because we all tend to spend on things we do not really need. And we collect piles of unnecessary things that in one way or another make us life harder, and we alter our wallet, too.
Before you buy a thing, try to pass a purchase intent through the following filters:
Do I really need this?
Do not I already have an object that can help me for what I need?
Can I borrow this from someone? (For example, a drill / reading book)
Can not wait until the product is on sale?
Such measures may seem minor to you, but buying only what you need and when you really need it will help you save.
In addition, you will see that you will not fill your house with all sorts of unnecessary things.
Because then you will not know how to get rid of them in an effective way (to give them someone else / to send them for recycling).
On what did you spend the most of your money and what solutions did you apply to get rid of waste?