The 8 steps that will reduce you to financial insecurity
For example, the American publication Business Insider conducted a study in which it revealed. ForTrader Magazine decided to tell you more about them in order to warn you about possible financial dangers, and also supplemented with another important step, which you can read at the very end of the article.
Financially suicidal people will find an understanding with modern banks and lending institutions that will gladly bankrupt them. Borrowing against a 40% to take out a mortgage or other loans is just as likely to lead to collapse later. And the use of credit cards and "express loans" that guarantee generous limits and usurious interest rates will make it even easier for the financial loser!
Without keeping track of your financial balance, in accounting terms, you can easily get an unpredictable future with exciting adventures and unexpected twists and turns. It is strongly recommended not to count their expenses and income fans of "Russian roulette", as well as folk artisans to spend their salary in the first days after receiving it. Indeed, there are loans, and money is just paper!
The love of easy earnings is in the blood of many people, because the desire to earn a legal income in 20%, lying on the couch and "not working for the uncle" is hard to kill. The concept of "financial literacy" and the principles of investing, as such people believe, for the weak. But they see nothing wrong with getting money out of thin air and are ready even to sell their car or mortgage their apartment for the sake of fabulous profits.
It is appropriate to compare young people with wild animals or birds. The latter are fed by people only in exceptional cases, when they are in danger due to natural factors, such as severe winter weather. Otherwise, they die, becoming too dependent on humans.
So too, young people who cannot (or are in no particular hurry) to adapt to independent life, having sat on their parents' necks for a long time and having lost or atrophied the necessary skills and thinking, may later suffer from a permanently empty wallet.
The future, full of anxiety and sorrow, frightens the financially suicidal man. Retirement seems to him a distant line of life, after which it is not clear what to do next. Such people also do not care about force majeure, such as, for example, dismissal.
The nice shortcomings of your loved one, such as the desire to live a "big life" and the lack of desire to work, seem like such trifles against the background of true love! Only feelings are important, and the rest will come with it, think the financial suicides, who are quickly overconvinced by time.
Having a child without a clear plan to provide for him or her is a major blow to your financial well-being. After all, children, although they bring a lot of joy, require a lot of attention, time and a lot of money. For people prepared for such twists and turns of fate, this can be a serious test and a financial disaster.
It is no secret that when a person is sick, he cannot work well, and each illness takes away your strength and undermines your desire for financial well-being. Not having a healthy body is very difficult to get financial independence - the pharmacy will always be prying into your wallet and overcoming difficulties will be much more difficult. So every time you undermine your health with bad habits and not paying attention to the condition of your body, you are gradually approaching a financial hole in your budget.
To summarize, going down each of these steps, it is much harder to go up again than it may seem. However, each of the financial problems is solvable: people often revise their lives and move upwards when they find themselves in one situation or another. The Fortrader editorial team wishes you to avoid making financial mistakes and successfully achieve financial prosperity.