7 financial pitfalls to avoid in 2019

Updated: Sep 14, 2019



Money rules are hard to follow, such as: Spending less than you earn, saving for the future and much other common financial rules.


It takes practice and patience to grab the remote and control our finances. But we are in control of our money. Before the new year starts here are few new rules to follow in 2019.


Invest more than you spend


Sounds contradictory?


well it's not. The truth is more money doesn't always equal more happiness. Its true money doesn't sleep but we as humans do. To make money work for you: #1- learn how to wisely invest in yourself.


Your biggest investments would be your knowledge as well as your time. Making time and skills (Education) works for you that can bring you greater income in the long run.


Your goal is to invest in one fear you have about money and invest in changing that negative belief.


The free investment you can make in yourself is improving your resume, looking over new trends in your field, and working on your fear about money.


Always remember: Thinking is free.


Test before you move


One big rule about self-investment is knowing the benefits you can create in your life. Learning the risk and rewards can play a huge role in investing as well as your personal life.


In life you get chances, so take them. Think of the change you will do and undo to improve your financial life. Think of the benefits, risk , and rewards.


Make your own coffee


Surprisingly college students drink lots of coffee but according to statics* the older you get the more coffee individuals can drink. While buying coffee can lower your income, buying coffee once a day won't stop you from getting rich.


Making your own helps build your creativity, independence and your knowledge to do without.


Travel to pursue your dream


At some points, you have used up all the resources in your area or region.

Traveling to pursue a dream is something a lot of today's individuals need to do to improve their success.

The fact is the world is big and your mind shouldn't think in one spot, surround yourself with new visions, images, and personals.


Meet your role model if can


If you have a role model, why not try to meet them if you can? This can help you peek financial opportunists as well. Where is the money in the field your role model has? What influences have they acquired?


Sometimes money isn't the only thing you can bend on for riches but influences. Influences can help impact and open more doors and opportunities in your life, leading to more money down the road.


Use the 47 lists (L.I.P Method)


This list can be downloaded in your free library-Sign up today for free. Not knowing your passion can lower your chances for success. Avoid this with a simple list we have created.


Sign Up Free

The 47 list helps you define your vision, likes, passion, and interest.


Network


Taking time to network can increase your efficiency as well as your income. Connection is key, and it can open doors to your desired outcomes. Using the 47 lists can help you organize your passion and bring out your true self. Networking is a must-do for any business, formal or informal arrangements. The last pitfall to avoid is straying away from the importance of networking.


*Stats- Coffee drinkers.

https://www.statista.com/statistics/250091/coffee-drinking-consumers-in-the-us-by-age-group-2010/


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