7 Reasons Why Only Some Succeed Financially









1. No Written Plan
People who have taken the time to think about what they want to achieve in life, how they want to earn their income what kind of relationships that they want and writing it all down usually find them more than the things they want than those that don ' t.

2. Procrastination
There is no better time then now. No one knows what is in store for them tomorrow, next week or next year. Getting your life, your finances in order is necessary as soon as you start working it's never too soon. It's also never too late, NOW, is the key.

3. Believing the Media
If you are investing you would be wise to study textbooks, training programs or
seek advice from trained consultants and not listen to what you read or hear in the media. The media still draws heavily on entertaining their audience, do not rely on news for financial advice.

4. Accepting Advice from Amateurs
Many people make make investment decisions based on a 'hot tip', thinking they are going to get rich quick. There are no shortcuts, research and study is required, get sound financial advice.

5. Overconfidence
It is easy to get into trouble when you start feeling you know what you're doing. It
generally means you start taking unnecessary risks, wander off your plan and then get
burned. You made a plan follow it until you can afford to lose what you are investing.

6. Failing to Take Small Steps That Can Make a Big Difference
Any goal you set needs a little attention everyday whether it's personal or financial.
Go over your goals daily, are you on track do something everyday to keep you
moving in the right direction.

7. Letting Emotions Drive Your Decisions
Fear and greed are the big emotions that drive the markets. There will always be something to fear, the thing is what some people fear others welcome. Greed can also
cause you to make decisions that take little regard for your plan and what you know.

Anything you want to be good at and achieve success in requires a plan, training and education, goal setting and regular attention. If you take the steps involved in achieving financial success seriously you will get there, if it's possible for one it's possible for all.









0 comments

  • Online GamblingInternet Casinos Inc. (ICI), the world's first online casino, started operating from August 18, 1995, with 18 different games. Since then more than 1,400 websites, mostly domiciled in small Caribbean islands, have given rise to an industry that…
  • 5 Best Tips to Avoid App Developers' False Claims There is no dearth of talent in the app development industry. It seems that everyone is looking for the ways to earn big through applications. If you have an idea that can create a market demand, it can be the next super hit application that…
  • Mutual Fund Investing 101: How You Make Money How do you make money investing in mutual funds? There are basically two ways to make money and two ways to lose money investing in mutual funds. Let's get down to basics. There are thousands of funds to choose from and the vast majority…
  • Distracted Driving Is a Bigger Problem Than We ThoughtThe numbers do not lie: 37,150 people in the US died due to distracted driving in 2017. But, sadly that is not the worst part of the news. Researchers are finding that there is no single cause to preventing distracted driving.This means that there…
  • Making Simple Cake Making Cake is such a fun activity for many people in this world. Actually, Making Cake is a simple thing to do. Two important things that you need are patience and carefulness. We will try to provide you with a clear explanation of Making Cake…