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5 habits that can sabotage your financial success

Want financial success? You’ll never make it if you keep doing these five things.

Avoid these at all cost:

1. Thinking that you’ll never make it.

As Henry Ford once said, “Whether you think you can, or you think you can’t – you’re right.”

If you think to yourself that you’ll never make it, guess what? You’re probably right. You really won’t make it.

Because what you do stems from what you think about. Your mindset is what forms your habits and actions. If you think that you don’t have what it takes to achieve financial success, you will never try in the first place, and you will never actually achieve it at all.

This is why the very first thing that you need to change is your MINDSET – make the change from a failure mindset to a winner mindset, from a poor mindset to a rich mindset.

2. Making excuses
If you have a failure mindset, then this will translate to the BAD HABIT of making excuses.

Don’t ever procrastinate or refuse to do something, and try to justify it with excuses. Here are some lines I hear people say all the time: “I’ll start saving when I get my increase next year…” or “It’s hard to achieve financial success with this kind of salary…” or “My business cannot succeed because I never went to a business school…”

Stop it with the excuses.

Don’t be a victim. Be proactive. Do something – because you can. You are not the victim of your circumstance. You have what it takes to take action. You have what it takes to achieve financial success.

3. Always looking for the easy way out
This is another BAD HABIT that you have to avoid.

Remember, nothing worth having is ever achieved easily. Besides, success is never attained overnight, or in an instant.

You have to put in the hard work. There’s no other way to do it.

So push yourself. Stretch your limits.

When you push yourself, you are creating in yourself endurance and perseverance. And let me tell you that it is endurance and perseverance that create CHARACTER.

4. Looking down on yourself
A FAILURE mindset and POOR mindset will definitely produce these kinds of thinking:

“I’m not good enough”; “I don’t have what it takes”; “I don’t have much”; “I’m not even a college graduate.”

Instead of wasting your time focusing on what you are not and what you don’t know, why not spend your time increasing your knowledge and developing your skills?

Read books, attend seminars, watch YouTube videos, and teach yourself what you don’t know yet. There are so many resources available for everything that you wish to learn – from financial management, to investments. All you need is the willingness to learn.

5. Being envious of other people
Sometimes, comparing yourself with others isn’t bad. It becomes problematic when you compare yourself with other people and allow it to create envy in your heart.

Instead of envying others, why not choose to emulate them? Ask them for tips on how you can overcome your financial struggles in your life. Analyze the way they think, and analyze their strategies, and apply it in your own financial life.

Are you ready to let go of these five bad habits? If you want success now, you need to be willing to let go of these things.

THINK. REFLECT. APPLY.

Are you achieving financial success? What do you think is stopping you from achieving it? (Chinkee Tan)

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