What is “The Dichotomy of Money Behaviors”, and how will it help me succeed with personal finance? Every day I see how behavior money issues can be on one spectrum to another from person to person. The society we now live in is constantly in a financial battle. Through one media source you are getting advice to save money, but another source around the corner is telling you to spend now. One of the most popular websites on how to manage money, has a revolving ad so that its readers can get credit cards. (Really!)
Individuals must remove all the white noise from the decisions influencing us that we get from the media. For example everyone who works in sales they wish to make money; by getting as many clients as possible. They will pay for marketing lists, to advertise on social media, to do whatever it takes to get clients. They are trying to make money to save and spend money. Their clients are in the same boat, battling every day to protect cash flow from being taken away. Read below how you can see my feelings around the dichotomy of money behaviors.
The Dichotomy of Money Behaviors
-People want to spend money as quickly as it comes in, and then regret it
-People want Freedom from Work, but do not use the best tool to achieve it
-People detest the rich, but then they desire to reach that level
-People separate money issues from behaviors, when in reality bad behaviors is the number 1 reason for money problems
-People want things, but will not sacrifice to get them
-People take on debt to acquire excessive stuff / things, thus hurting future Freedom
-People make excuses, and if others question them on those excuses, they don’t have real answers
-People can change with every money lesson, but it has to be realized as a behavior lesson at the end of the day
-A Life is worth more than money, but it has no relation to the monetary value people can produce in a free market society
-People should only protest things out of their control, money issues is something they can control
-The poor hate to be poor, but continue to live that way, instead of changing behaviors
-People want to be financially stress free, but when given the opportunity will make excuses to clean up a messy money life
-People want the best possible life, but have no real plan to fund it
-Its easy to be a victim, but in reality we are the cause of our issues
If you can live by not falling for these behavior problems then you can be above average. I wish this post is not seen as negative ramblings, but as inspirational to be better when it comes to money. Reread each point and let me know if you can correlate past mistakes with the thought process you had when you made the mistake.
Comment if can comprehend the dichotomy of money behaviors?
Rich Uncle EL
