6 mistakes that prevent you from being financially free

You don’t ask yourself the good questions

 

If you’re reading this article it’s probably because you want to become financially independent, but is it really what you want?

I mean, a lot of people want to be rich, but how many have actually spent more than 15 minutes thinking about it?

That may sounds silly but if you want to reach any goal in life you want to look deep down in yourself to know what you really want. And when I say thinking about it I don’t want you to picture yourself on a beach sipping cocktail, I want that you ask yourself questions like:

  • Why having more money would make me happier?
  • How fulfilling would it be to reach financially independent?
  • Am I willing to spend some years of hard working to reach my goal?

 

You don’t have plan

 

If you say that one day you’ll be rich make sure you have a plan.

Can you tell me what is your plan for the next 5 years?

If you can’t answer that question, finish reading this article and start writing down your plan. I don’t want you to procrastinate! If you tell me that you’ll make it tomorrow you won’t do it. So start making a plan and stick to it!

See also: Reach any goal with that simple trick

You spend all your pay immediately

 

Don’t be like 80% of people; pay yourself first! That’s the rule n°1. No matter what you’ve read so far about wealth creation or financial independence saving money must be your priority. So what do I mean by paying yourself first? “Paying yourself first means that every time you get any income you want to immediately put 10% of your money aside (on another account for example). Before paying any rent, any taxes, any loan, food, clothes…”

See also: 2 killing principles to be wealthy 

You take advice

 

This point is also really important. A lot of people who want to become financially independent take advice from other people around them. That’s a big mistake so if you do it, stop it now!
When you take advice from your friends, family, colleagues…you won’t get any benefits, unless they are financially independent. The only thing they will give you is thousands of reasons not to invest, not to undertake, not to do this or that. They will hold you back with their fears and expectations.
Only take advice from people who already have the result you want to get.
If you are interested in investing in real estate and get great advice  from pro I recommend you the following platform . That’s a really nice forum where you can get to know successful people and it’s free.

You don’t make sacrifice

 

We tend to think of financial independence as something nice and cool that we will get with time and patience. Time and patience are necessary of course but a lot of efforts are required too.

You need to make some sacrifices. I know when you come back from work or school you’re tired the only thing you want is lay down on your sofa and watch TV, go on Facebook or watch videos of cute cats on Internet. If you want to be financially independent forget that and read a book instead. You need to educate yourself about wealth creation. That’s a part of the sacrifices you need to make.

With time you’ll see that you will enjoy it. Reading books will be almost like seeing money coming in into your bank account. But if you notice that after reading 1 or 2 books you don’t enjoy the time you spend getting educated on that topic, you should forget about becoming wealthy. Because what’s the point of becoming financially independent if you don’t like the process involved? As I wrote in the first point make sure this is something you want.

You are not grateful

 

You need to recognize the wealth you already have. Be grateful for being alive, for having a family, friends…if you are not, financial independence will bring you nothing. Don’t think that money will bring you happiness. If you don’t see the beauty in your life today, you won’t see it tomorrow with $1billion.

Read also: A Simple Act of Gratitude: How Learning to Say Thank You Changed My Life

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11 comments… add one
  • John Schneider January 16, 2014, 9:32 pm

    When we were struggling, we were most affected by not knowing what we want and not having a plan. Fixing both of those mistakes improved our financial situation immensely. All of these are important and require constant attention. Practicing gratitude once isn’t sufficient. It needs to become a habit.

    Great advice!

    Reply
  • The Becomer January 17, 2014, 8:00 am

    Thanks John for your comment! Your experience show the importance of knowing what you want.

    Reply
  • Mark Ross January 21, 2014, 1:55 am

    Great article! Having a plan is pretty important for a person to be successful, because without a plan, you wouldn’t know where to go or focus your efforts on.

    Reply
    • The Becomer January 21, 2014, 9:31 am

      Exactly! Combining plan and focus often result in great a outcome (if your plan is good obviously)

      Reply
  • Mortgage Free Mike March 21, 2014, 1:58 pm

    Love this. Having a plan is crucial. Successful businesses have plans, so shouldn’t you have a plan for your own life?

    Reply
  • Sov June 15, 2014, 7:57 pm

    Another great post. To expand on your first point; everyone needs a dream – without a dream, how can your dream come true?

    Dream, write it down, visualize it, do at least one task every day that takes you a little closer to it. If you think about your Dream hard enough, and work hard enough towards it, your Dream will come true!

    Good luck all.

    Reply
  • John Chang July 18, 2014, 5:53 am

    Great post, Thank you for sharing this wisdom.

    Reply
  • Brandy @ tesolifestyle August 3, 2014, 4:26 pm

    I agree with having a plan. Sometimes I think I have too many plans and need to refocus.

    Also, I agree that you must ask for advice from people who are already successful. Most want to share their knowledge and lend a helping hand. Family can be very supportive, but have found one or two who are quite negative when it comes to these kinds of discussions. Surround yourself with positive people!

    Reply
  • Anwar November 7, 2014, 4:58 pm

    That was great. Thanks so much.

    Reply
  • Nada May 18, 2015, 4:45 am

    I agree with the point of gratefulness. Money might be one reason however there are lots of thing that contribute in making your happiness. A person has to be satisfied from inside in order to feel and see the beauty of everything surrounding him. Great article, Thank you !

    Reply
    • The Becomer May 18, 2015, 6:39 am

      Yes Nada spirituality is also very important!

      Reply

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