Considering that almost 75% of people are living paycheck to paycheck, have you wondered why you don’t have money either you are or not a part of the 75% of people that get paid? Yes! you are probably having money issues but that is also because you have money issues!
In this article we shall share the top 5 shocking reasons why you don’t have money and how to get over it quick. Do you agree that after subtracting expenses spent on housing, transportation, food, insurance, entertainment & other expenditures by the time tax is also deducted, an average person is left with little or nothing else?
Below are a few shocking reasons why you don’t have money and some of the factors affecting your finances right now:
- Economic Illiteracy: Well Yes! You read that right! but apparently, it is the bitter truth – By definition, economics covers management of resources and to manage means to be in charge and succeed in surviving. To manage your own economy, you might have to make money by playing offensive in the marketplace.
- Entitlement Issues: This problem affects almost everyone up to even the wealthy ones at the top! The unwillingness to do the jobs no one else wants is why people don’t have money.
- Poverty Comparison: The easiest way to commit financial suicide is by comparing your financial status with a set of people way lower than yours. Often times people who are currently getting by at some point get consumed with the idea that their financial status is better than someone that is starving – This does not make your status better in any way. It is important to keep aiming higher and make plans towards getting better.
- Expecting Politicians Or Believing In Magic/Luck: The bitter truth is this – If politicians could fix this issue, they could have fixed it a long time ago in the past 50+ years. You have to take responsibility of your finances.
Well yes they day money doesn’t buy happiness et.c Much as it could be true, it is also important that neither of those truths makes it OK for you to not have money to take care of your family and create the life you want.
- Financial Apathy: You can’t have money if you don’t pay attention to it. Admit to where you are financially and start paying attention to your money. Acting like there is no problem doesn’t make the problem go away, it makes it worse. Dont get apathetic about your finances and quit looking at it at the same time.
Some other possible factors that could be the reason why you don’t have money could also be that you work 9-5 with no alternate income sources created. Alternate means of income are quite essential unless of-course you are one of the very few privileged earning enough to break this possibility.
Still wondering what other possible reasons could be, please share your thoughts in the comment section below. The quickest way to get over this phenomenon is to quit whichever factor behind every individual affected.