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The goal with this article is to shine a light on possible mistakes you’re making in your daily life that are keeping you from moving forward, especially in the financial sense.
We always feel like the majority of people do not have a clear understanding of where they’re money is actually going.
As you go through this list, you might want to check against yourself to see if you’re guilty of the same wasteful spending.
Credit cards are used to trade temporary finance for someone’s time & livelihood.
The moment you go in debt, you’re no longer working for yourself, you’re working for the bank. Your life is no longer yours, until that debt is repaid.
Poor people max out credit cards like it’s a monthly hobby, and usually on non-essential things.
It’s easy to get caught up in this financial whirlwind that you』ll never be able to escape.
You』ve worked your butt off the entire week and then 「reward」 yourself with a new hairstyle, that’s gonna fade away in 2 weeks, to impress people who are not doing better then yourself.
Ever noticed how almost all rich people have the same simple haircut? Have you noticed how none of the successful women entrepreneurs have diamonds or add-ons to their nails?
It’s an issue of prioritization. Fix your life and then you』ll be able to do whatever you want with the excess capital.
Instead of throwing that money out the window, start fixing your windows!
You are well aware of what are the essentials in your life, the things you actually need. Everything else is just marketed to you, they are brainwashing you into thinking you need said product despite you only WANTING it.
The moment you learn to differentiate between NEED & WANT you begin to take control of your life.
A study done in the UK, showed that the average brit will spend over 150,000 pounds on impulse purchases in his or her lifetime, while the average american spends north of 5000 dollars per year.
That’s a lot of money you could use to make your life better.
The super ripped people you see in those videos are personal trainers whos job is to work out 14 hours per day, every day.
That’s what they do for a living.
You don’t need a roll up piano, the shake weight or the pajama jeans.
How many times do you need to get duped by lame products designed to pray on people looking for quick and easy?
The only way to get in shape is to take ownership of the fact that you’re fat and you need to do something about it.
You’re gonna stop eating so damn much and you’re going to go for a walk or run once in a while. That’s all there is to it and you don’t have to spend a penny.
You don’t need a product, you need to work on your mindset.
You know what would make you 49 bucks richer? Not spending 49 bucks on rocks, and no.. we don’t care you call them crystal or minerals, this is not a breaking bad episode.
Don’t even get us started on spiritual items. Even mentioning refraining from purchase of a crucifix in Latin america or eastern Europe will get you labeled as a heretic in the eyes of the less fortunate.
But it’s actually the poor that these organizations pray on, to get the little they have from them.
Candy crush was making 3 million dollars per day, from people buying extra lives or whatever they used to purchase in game.
The biggest value wasted on this trivial form of entertainment is not in the amount people spend, despite the numbers being colossal, but in the vast amounts of time that’s wasted.
It’s super easy to look at your steam numbers and see the hours you put into a single game.If you consider yourself a gamer, It’s easy to reach 1000 hours of gameplay in a year, some might say those are rookie numbers, but the average wage of the gamer is over $20 per hour. That’s easily $20,000 you’re leaving on the table without factoring in the costs of purchasing the game, the console or system and the remaining in game purchases.
You can not afford the new iPhone, you may have the money to pay for it, but you can’t afford it! There’s a difference.
In the same fashion, you don’t need a large flat-screen tv when your household obviously needs maintenance.
It also boils down to the life cycle of a product. People who take care of their belongings enjoy using them for longer periods of time, thus saving themselves money from maintenance or the upfront cost of replacing it.
Here’s the truth: when you’re donating money to a cause, the money doesn’t go to the people in need, it goes to paying the salaries of the people involved with the charity.
Charities are one of the biggest scams in the world and they pray on the poor, because for some reason they feel the need to support other poor people, without realizing what they’re actually doing.
Just to put things into perspective: on average the general manager of the charity, basically the boss of the organization earns $250,000 dollars per year as a salary paid by the charity. This amount is averaged between the top 100 charity organizations in the UK. Almost everywhere in the world you』ll find a similar story. Almost 35% of the money that goes to charity is reinvested in fund-raisers for the charity and the spiral goes on and on.
Instead of hitting the telethon, buy some products for the local shelter or figure out how to create opportunities for these people… you know.. Teach a man how to fish instead of giving him the fish.
Hopefully, this article has been a much needed wake-up call. We started slow, but finished on a deep note.
From personal experience or just by observing those around you: where do you feel people waste money? Join the conversation in the comments.
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