Want to be Sucessful {Rich} here are few things you should avoid

 

Building wealth is something we take time to do, it doesn't just happen overnight unless of course, you have a very rich parent or spouse. But if you are going to build it from scratch there are the certain step that will make it easier for you to achieve. In this article, I take a look at you can achieve financial freedom faster and how those that did it were able to do it.

The three biggest money challenge are - paying off debt, saving more money and making more money. Surprisingly enough, something else we all know but find hard to stop is keeping us from becoming rich. Yea, you guessed right - living beyond our means. i.e. How do we stop buying stuff we don't need.

Budgeting, overspending, impulse buying and consumption of unnecessary crap is the major reason a lot of people struggle financially. Firstly we are going to take a look at how you can stop buying things you don't need

***Stay away from temptation

If you have to make a trip to Supermarket, boutique or food market always make a list and stay laser-focused on it. Better yet, give someone else the list and the money to help you do the shopping, although that has its own disadvantages it will definitely keep you from spending on unbudgeted things. 

****Calculate cost per labour

This is a very effective strategy to stop buying unneeded stuff. When you see the cost of an item, just calculate how many hours of work it would take you to earn that amount. Imagine spending your weekly income in buying junks that are not needed in the house, think about the hours you have to work to get the junks. If possible frame the costs in terms of the time it would take you to earn as much and keep it very visible to you.

****Don't buy brand-new cars

Given proper maintenance and needed repairs, today's cars can exceed 200,000 miles and still take you from one place to another. Imagine the kind of money you can. save by using your car for 10-year plus?. This also applies to other numerous things like Smartphones, Tv's E.T.C. Doing this will save you a lot of money, with time will pill up or you could invest in shares or bonds.

****Don’t buy houses, rent

Those who are good with money don't go looking for houses to buy unless to invest. To get to that level you must resist the urge to buy a house either cash or loan, rather than rent and invest the money. When you become rich you could buy the home you always wanted without risking your financial future.

****Making excuses

You blame others for why you don’t get what you want is so easy, refuse to accept responsibility for your mistakes. You make your own choices and you make your own mistakes. In general, until you stop justifying your poor choices and stop attributing your failure to things outside of your control, you wouldn't become wealthy. You are going to err. You are going to fail. But it does matters, all that matter is you keep pushing forward without excuses.