Habits that can lead to your financial failure in 2024

[dunfida]

You can add your point so that others can learn

Expenditures that do not meet needs.
Excessive shopping when income starts to differ from before often becomes a new habit for some people under the pretext of enjoying because life is not forever and as long as it is there you have to enjoy buying something you have never experienced before.
That's an additional point of habits that can derail finances.

Social media is one of the reasons why many people end up having the cost of living continue to rise when their income also rises. Seeing various displays on social media makes people always interested in doing what other people are doing or also buying what is trendy even though it is not that important and just to fulfill your desires or even just to show off, so it is very necessary to carry out financial planning and be disciplined with what has been planned and only spend more from the excess budget which would be wiser if saved or used as an investment.

Yes, I agree with this because in my environment this is a reality, many young people in my environment are forcing themselves to be stylish, by buying high-value branded goods, which perhaps is a requirement of today where we have branded goods and high value is a sign that we are rich, but we don't know exactly how many young people are like that and what you say is true, even though it's not that important to them, but maybe it's because of prestige that drives them to buy branded and high-value goods. .

What I regret is that many of those who force themselves to be stylish by buying branded and high-value items are still at school, obviously they don't have jobs and don't have an income. so some of them style themselves by forcing their parents to buy them what they want, even though what they want has high value so it's rare for people to have it, this is because they look too much at the styles of other people who clearly have enough money , they should be able to look at their family's financial situation to be stylish, because if they really want to be stylish they should just adjust it to their financial situation, don't force them to look luxurious in front of many people because that will torture them.

On the time that you are really that on these ages then it would be somewhat normal that you will really be thinking about having lavish life because you arent that thinking about the future aspect or things that do
happen not until on the time that they are the ones who would really be providing or simply they are the ones who would really be finding on the money that they could spend. This is why there's no sense of responsibility if you are really that still living with your parents since you do know that there's a source that you can get on acquiring those things but on the time that you are the ones who are really that needing to make money
then that sense of responsibility would really be waken up on which means that it would be changing up everything.

Just dont rush up because it would be always best that you should be wary on the things thats happening around. It would be better that you should get involved with investment and business
as early as you could on which we do know that not all would really be that sensible on doing so.

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[junder]

Yes, I agree with this because in my environment this is a reality, many young people in my environment are forcing themselves to be stylish, by buying high-value branded goods, which perhaps is a requirement of today where we have branded goods and high value is a sign that we are rich, but we don't know exactly how many young people are like that and what you say is true, even though it's not that important to them, but maybe it's because of prestige that drives them to buy branded and high-value goods. .

What I regret is that many of those who force themselves to be stylish by buying branded and high-value items are still at school, obviously they don't have jobs and don't have an income. so some of them style themselves by forcing their parents to buy them what they want, even though what they want has high value so it's rare for people to have it, this is because they look too much at the styles of other people who clearly have enough money , they should be able to look at their family's financial situation to be stylish, because if they really want to be stylish they should just adjust it to their financial situation, don't force them to look luxurious in front of many people because that will torture them.

On the time that you are really that on these ages then it would be somewhat normal that you will really be thinking about having lavish life because you arent that thinking about the future aspect or things that do
happen not until on the time that they are the ones who would really be providing or simply they are the ones who would really be finding on the money that they could spend. This is why there's no sense of responsibility if you are really that still living with your parents since you do know that there's a source that you can get on acquiring those things but on the time that you are the ones who are really that needing to make money
then that sense of responsibility would really be waken up on which means that it would be changing up everything.

Just dont rush up because it would be always best that you should be wary on the things thats happening around. It would be better that you should get involved with investment and business
as early as you could on which we do know that not all would really be that sensible on doing so.

Most young people today don't think about their future because they prioritize the present, living in luxury, but in my opinion, it's not natural for them to force a luxurious lifestyle if they themselves don't have a clear job and their exit situation is only working as a employees or laborers. of course if they already have a clear job with an income then that is not a problem, because I myself have done it where I buy what I want using the money I earn myself.
someone who thinks about their future, of course they will definitely save money even though they don't have a job because they know there is a future that must be prepared for, therefore we should save for the future, only a few young people think about this, most of them spend money on style to suit current circumstances.

[alankasman]

~snip

Social media is one of the reasons why many people end up having the cost of living continue to rise when their income also rises. Seeing various displays on social media makes people always interested in doing what other people are doing or also buying what is trendy even though it is not that important and just to fulfill your desires or even just to show off, so it is very necessary to carry out financial planning and be disciplined with what has been planned and only spend more from the excess budget which would be wiser if saved or used as an investment.

Seeing and following what is seen on social media is wrong for me. Their appearance on social media is not their real appearance, aka fake, which is far from real life.
I think something like that is not worthy of imitation for those of us who see it. We remain firm with a plan that has been made carefully and is full of calculations.
Minimizing unnecessary needs no matter how small and preparing no matter how small emergency money at any time are good habits that should be implemented in annual financial planning.

[Yaunfitda]

~snip

Social media is one of the reasons why many people end up having the cost of living continue to rise when their income also rises. Seeing various displays on social media makes people always interested in doing what other people are doing or also buying what is trendy even though it is not that important and just to fulfill your desires or even just to show off, so it is very necessary to carry out financial planning and be disciplined with what has been planned and only spend more from the excess budget which would be wiser if saved or used as an investment.

Seeing and following what is seen on social media is wrong for me. Their appearance on social media is not their real appearance, aka fake, which is far from real life.
I think something like that is not worthy of imitation for those of us who see it. We remain firm with a plan that has been made carefully and is full of calculations.
Minimizing unnecessary needs no matter how small and preparing no matter how small emergency money at any time are good habits that should be implemented in annual financial planning.

Of course, why would someone listen to those influencers on social media? doesn't make sense specially in terms of financial and other matters that pertains to our money. So still need to develop our own strategy, our own habits on how to be successful and not be a failure this year.

Each and everyone of us are built different, throughout my life's experiences, I have seen people who manifested money very quick and then there are individuals who will have to grind it out year in year out to make money. So just strategized what works for you and not copy others as everyone is not the same as far as financial and money goes.

[0t3p0t]

~snip

Social media is one of the reasons why many people end up having the cost of living continue to rise when their income also rises. Seeing various displays on social media makes people always interested in doing what other people are doing or also buying what is trendy even though it is not that important and just to fulfill your desires or even just to show off, so it is very necessary to carry out financial planning and be disciplined with what has been planned and only spend more from the excess budget which would be wiser if saved or used as an investment.

Seeing and following what is seen on social media is wrong for me. Their appearance on social media is not their real appearance, aka fake, which is far from real life.
I think something like that is not worthy of imitation for those of us who see it. We remain firm with a plan that has been made carefully and is full of calculations.
Minimizing unnecessary needs no matter how small and preparing no matter how small emergency money at any time are good habits that should be implemented in annual financial planning.

Of course, why would someone listen to those influencers on social media? doesn't make sense specially in terms of financial and other matters that pertains to our money. So still need to develop our own strategy, our own habits on how to be successful and not be a failure this year.

Each and everyone of us are built different, throughout my life's experiences, I have seen people who manifested money very quick and then there are individuals who will have to grind it out year in year out to make money. So just strategized what works for you and not copy others as everyone is not the same as far as financial and money goes.

Exactly! Because some of these influencers were paid to do such thing or they made money through offering crash courses. It's on their own interest and their financial advices might not work for us and that is the reason why we need to think twice before taking their advices.

[Lantind]

Of course, why would someone listen to those influencers on social media? doesn't make sense specially in terms of financial and other matters that pertains to our money. So still need to develop our own strategy, our own habits on how to be successful and not be a failure this year.

Each and everyone of us are built different, throughout my life's experiences, I have seen people who manifested money very quick and then there are individuals who will have to grind it out year in year out to make money. So just strategized what works for you and not copy others as everyone is not the same as far as financial and money goes.

What you say is very true, it is not a good choice to listen to influencers on social media when it comes to finances, we must be able to manage our own finances and never use money for things we don't really need if we want to have financial problems.
In achieving financial freedom there are different ways to be financially successful, as you said there are those who have to work hard to achieve financial success and there are even some people who work casually but have different results from people who work hard, indeed It would be better for us to have a way of managing our finances that is truly appropriate to what we need and not spend the income we have on things we don't need.

[strunberg]

Yes, I agree with this because in my environment this is a reality, many young people in my environment are forcing themselves to be stylish, by buying high-value branded goods, which perhaps is a requirement of today where we have branded goods and high value is a sign that we are rich, but we don't know exactly how many young people are like that and what you say is true, even though it's not that important to them, but maybe it's because of prestige that drives them to buy branded and high-value goods. .

Social media and instant life have influenced young people today. The existence of social media and the feeling of wanting to be recognized makes people willing to throw away their money just to fulfill their desires, not their needs. I don't have a problem if someone wants to buy branded goods. Provided that he already has financial freedom. But what most people experience is that they spend their paychecks just to be looked up to by others for having branded goods. This is a very bad lifestyle for the younger generation to have.

indeed It would be better for us to have a way of managing our finances that is truly appropriate to what we need and not spend the income we have on things we don't need.

One of the most important attitudes for someone who wants to achieve financial freedom is the ability to postpone the desire to buy something. A famous study was conducted known as the Stanford Marshmallow experiment. Where the attitude of delaying getting rewards will enable someone to be financially successful in the future. This is the same as those of us who invest in crypto where there are people who can't wait to get rewards and there are long-term holders who collect coins little by little and set good selling targets in the future.

[Rockstarguy]

The procrastination is the silent killer, that is probably the most important one. The "i'll do it tomorrow" attitude has to be left in 2023 if you want to achieve your success! I also agree that doing anything that wastes time is definitely going to put you in jeapordy and I think this also falls in the procrastination category as well because most people put off important things to waste time on something completely useless to themselves.

Procrastination is a parasite that can cause one not to meet up with opportunity that may never come across in life again. To gain financial success it is important things must be done immediately,  waiting for a convenient time to start us very bad idea to gain success.  If you one to succeed financially in whatever you are doing right now he best time is to start now and never to Procrastinate it. Procrastination can lead to continuous Procrastination.

This things you mentioned is the major problem of our people today, people refused to take drastic majors but wanting a cheap and easy way to make wealth this leading to doing illegal jobs while some people involved themselves to online fraudster.
Anyone who is ready to invest and make a change to their life must be patient and develop themselves to source information that would help them to financial freedom by starting investing in bitcoin and as well as limiting the ways they spend money on irrelevant things.

People are not patience any more again,  they feel it is waste of time following due process to gain success,  if one really understands the road that leads to success, it's not something that occurs immediately.  It takes consistency for one to make success financially but some people do not understand this, instead they want it fast that will cause them to problem.

[Peanutswar]

If you want to improve your financial status you must improve yourself person who wants to get rich but is still in a poor mindset doesn't have a chance to achieve this goal, self-investment is the ideal first move like making your look more presentable, so if you talk to other people they will not just degrade you, next is to invest in knowledge, you can have this through your experience and of course to other people, reason why rich people becomes richer because of the knowledge they have gained to the billionaires and millionaires the power of mindset, next I guess one of the most important is ignore what other people says negatively and focus with your self and goal, making a financial plan is a risky way but again no one trust you but yourself to become successful if many people disagree with you its all your fault if you follow them its not other peoples decision what will happen in your life.

[btc78]

Yes, I agree with this because in my environment this is a reality, many young people in my environment are forcing themselves to be stylish, by buying high-value branded goods, which perhaps is a requirement of today where we have branded goods and high value is a sign that we are rich, but we don't know exactly how many young people are like that and what you say is true, even though it's not that important to them, but maybe it's because of prestige that drives them to buy branded and high-value goods. .

Social media and instant life have influenced young people today. The existence of social media and the feeling of wanting to be recognized makes people willing to throw away their money just to fulfill their desires, not their needs.

This is a big problem and I see it everyday kids these days are so easily influenced and they are persuaded by their peers to buy this and that of course part of growing up is wanting to have some kind of feeling of belongingness that is why kids want to be in the in they want the latest, the trendiest things which is why kids these days make a lot of poor financial decisions

[junder]

Yes, I agree with this because in my environment this is a reality, many young people in my environment are forcing themselves to be stylish, by buying high-value branded goods, which perhaps is a requirement of today where we have branded goods and high value is a sign that we are rich, but we don't know exactly how many young people are like that and what you say is true, even though it's not that important to them, but maybe it's because of prestige that drives them to buy branded and high-value goods. .

Social media and instant life have influenced young people today. The existence of social media and the feeling of wanting to be recognized makes people willing to throw away their money just to fulfill their desires, not their needs. I don't have a problem if someone wants to buy branded goods. Provided that he already has financial freedom. But what most people experience is that they spend their paychecks just to be looked up to by others for having branded goods. This is a very bad lifestyle for the younger generation to have.

That's right, many of them buy things they want but are not really that important, whereas with those who have a poor financial situation of course it's not a good thing, and I don't think it's strange that many young people still prioritize what they want over what they need, because this is a factor of the encouragement of social media that they see making them obsessed with being able to have high-value luxury goods and the goal is like you said to be recognized by many people. It's not a problem if they already have financial freedom,  but what makes me want to laugh is that those who are not working or even still sitting in school, this is the problem of many young people in my neighborhood.

I agree with you, if many of them only spend their salary to be stylish by buying branded and high-value goods this is a very bad lifestyle, because in my opinion this can make them difficult later if they continue like this without thinking about their future.

[erep]

Yes, I agree with this because in my environment this is a reality, many young people in my environment are forcing themselves to be stylish, by buying high-value branded goods, which perhaps is a requirement of today where we have branded goods and high value is a sign that we are rich, but we don't know exactly how many young people are like that and what you say is true, even though it's not that important to them, but maybe it's because of prestige that drives them to buy branded and high-value goods. .

Social media and instant life have influenced young people today. The existence of social media and the feeling of wanting to be recognized makes people willing to throw away their money just to fulfill their desires, not their needs.

This is a big problem and I see it everyday kids these days are so easily influenced and they are persuaded by their peers to buy this and that of course part of growing up is wanting to have some kind of feeling of belongingness that is why kids want to be in the in they want the latest, the trendiest things which is why kids these days make a lot of poor financial decisions

but I can't judge them negatively if they manage their finances well even though their desire is to buy branded goods but they have to set financial limits so they don't waste money, but you have to know that they are motivated to work hard because they want to have the dream item they have long hoped to get. buy from your own income without expecting financial help from parents, so don't forbid them from buying branded goods but advise them to save their income and they should save for future needs.

[junder]

Yes, I agree with this because in my environment this is a reality, many young people in my environment are forcing themselves to be stylish, by buying high-value branded goods, which perhaps is a requirement of today where we have branded goods and high value is a sign that we are rich, but we don't know exactly how many young people are like that and what you say is true, even though it's not that important to them, but maybe it's because of prestige that drives them to buy branded and high-value goods. .

Social media and instant life have influenced young people today. The existence of social media and the feeling of wanting to be recognized makes people willing to throw away their money just to fulfill their desires, not their needs.

This is a big problem and I see it everyday kids these days are so easily influenced and they are persuaded by their peers to buy this and that of course part of growing up is wanting to have some kind of feeling of belongingness that is why kids want to be in the in they want the latest, the trendiest things which is why kids these days make a lot of poor financial decisions

but I can't judge them negatively if they manage their finances well even though their desire is to buy branded goods but they have to set financial limits so they don't waste money, but you have to know that they are motivated to work hard because they want to have the dream item they have long hoped to get. buy from your own income without expecting financial help from parents, so don't forbid them from buying branded goods but advise them to save their income and they should save for future needs.

actually it all depends on their own attitudes and thoughts, because not everyone has the same thoughts about this, and what you say is true, there is no harm in buying branded goods that have a high price value, if they buy it with the money they have. earn their own money in the sense that they are already working and have an income so that's not too much of a problem, because that's their own right and of course I think everyone has the idea of being better and maybe they also have the desire to save but it's still being postponed because there are still desires that must be realized at this time. by buying the things we want and using the money we earn ourselves, it's not a problem because it's a way to pamper ourselves. In my opinion, pampering yourself is something you need to do as a sign of appreciating yourself.

and on the other side there are also those who don't care about other things because they focus on what they want and don't listen to input and advice from other people. and this is what happens a lot, where they want to be stylish but don't have the capital, in fact some of them force their parents to buy them what they want even though from a financial perspective they are unstable, and this is something that must be addressed, where they must be aware and looking at their family's financial situation, don't push too much unnecessarily because that will make things difficult for us in the future.

[Albarq]

This failure is the key to our main teacher. By being guided by it, we continue to move forward, including expenses and income that are not balanced with income. Adjustments are needed to be made. We have to make financial decisions. Indeed, it is not easy. At least we keep trying until we succeed so as not to cause  It is important to Cultivating healthy finances to avoid failure and wasting time can be felt in our daily lives, such as thinking all the time but without doing it, our thoughts and forth as if it is difficult to determine what to do, which causes us to fall and find it difficult to get up.

[Asuspawer09]

Procrastination is probably the biggest thing, I just watched a YouTube video that tells me a lot about things like social media scrolling that would probably take a lot of hours in our life to the point where it is a huge hindrance to us in order to complete our task and goal. I just realized it back then that if I start to stop this kind of thing, that is limiting me from putting up my 100% into something I would probably make a huge amount of money right now, with the technology era right now we can already see a lot of people getting millions in just a short amount of time, with the help of technology they could easily do it if they just put there 100% on it.

I have a full-time job already but still I could probably do a side hustle as well online or sell something online in order to make a small profit, or make YouTube videos. if I'm going to think about it I can do that, but there was a lot of time wasted because of procrastination, in my opinion, it is the number one thing that is stopping us in reaching our goals, so we need to overcome that, especially on social media because that is probably where a lot of people is already imprisoned by there own phone, wasted so much time If I'm just going to think on what I can do on that 2hours and 24 minutes there where so much that could help me make a lot of money.

[ndutndut]

You can add your point so that others can learn

Another financial failure habit that many people do is viewing everything negatively. To make finances better in 2024, we have to look at the negative side in positive conditions. So that we become optimistic humans who are always willing to try and learn from last year's mistakes.

Because usually people who think negatively will find it difficult to try new things because what they think is the worst risk so they don't dare to make a decision. so they don't dare to move forward and things like this are what prevent you from becoming a financially free person in the future. This is also true when looking at cryptocurrencies, especially since this year and next year are great times to get in and continue buying cryptocurrencies that we believe have potential and maintain it.

Another thing that makes us fail financially is that we don't have a plan for the future, in other words you waste many opportunities to become financially free people. Because along with developments in time and technology, lifeline patterns must be planned well in advance to face uncertain economic situations.

[Yaqs15]

If you want to improve your financial status you must improve yourself person who wants to get rich but is still in a poor mindset doesn't have a chance to achieve this goal, self-investment is the ideal first move like making your look more presentable, so if you talk to other people they will not just degrade you, next is to invest in knowledge, you can have this through your experience and of course to other people, reason why rich people becomes richer because of the knowledge they have gained to the billionaires and millionaires the power of mindset, next I guess one of the most important is ignore what other people says negatively and focus with your self and goal, making a financial plan is a risky way but again no one trust you but yourself to become successful if many people disagree with you its all your fault if you follow them its not other peoples decision what will happen in your life.

  Spending extravagantly is one of the great habit that can lead to financial failures. Some one needs to be wise enough and extra careful while spending. like you must be very careful when buying items so you don't buy unnecessary things. Or some time the items might also be necessary but their other ones that are more important than the one in front of you, in that case, you need to go for the most important one.
  One should learn the knowledge of how scale of preference works, and we should try and apply it in our day to day activities for our own good. We should try and know the difference between our wants and needs.

This failure is the key to our main teacher. By being guided by it, we continue to move forward, including expenses and income that are not balanced with income. Adjustments are needed to be made. We have to make financial decisions. Indeed, it is not easy. At least we keep trying until we succeed so as not to cause  It is important to Cultivating healthy finances to avoid failure and wasting time can be felt in our daily lives, such as thinking all the time but without doing it, our thoughts and forth as if it is difficult to determine what to do, which causes us to fall and find it difficult to get up.

  This year 2024 comes with a lot of economic challenges. one of them is the issue of inflation.  So in these kind of situation, the best thing that one need to do to make things easier is by doing what we call cut and fill. That's, you look at the item you want to buy and choose the one you need at that particular time. make sure you don't just finish it up the way you use to do it before, but you can divide it into some parts like two. three or four as the situation may warrant. Then you discipline yourself by taking some parts like 2/3,  2/4, or 3/4 as the situation may warrant, just make sure you remain some parts of it to fill in or to add it to the one that you are going to buy in the future.
    By so doing, you also don't forget to be keeping some money that you can use to invest in other businesses that would bring in income.  But If one didn't have plan on doing anything, he or she is definitely and automatically planning to fail.

[Ojinga]

The habits that lead to your financial failure. *1) COMPROMISING (*2)LOSS OF RELEVANCE (*3) REPLACE RESPECT WITH DETEST AND HATRED (*4)ETERNAL REGRET (*5) ATTITUDE (*6) NOT KEEPING THE RIGHT COMPANY.  first what's compromising, compromising can mean settling for something lower than what you want. If you're compromising it means you're lower your standard, second compromise is an attitude of lowering a standard or belief system in the world that smells or potential danger. Compromising will bring disgrace and embarrassment and failure to your financial life. *2( loss of relevant causes people to lose their relevant and significant.*3( replace respect with detest and hatred, same people who had been holding you in high esteem and respect suddenly begin gossip about you and despise anything you've to say.

*4) eternal regret,  a person who gives himself to compromise will have regrets in the future and eternally. If you're giving to this you become like an elephant missing in the bush_no one will come looking for you. *5) attitude, we shall look at attitude in a different forms, but but suffice it to say now that attitude is the true reflection of yourself. Attitude is who you're, nothing brings a person up or down on life other then attitude. Attitude affects every aspect of your life, if there is no change on the inside and someone gives you a large amount of money, you'll still end up poor. If  you won't change within, even if you are enrolled in Harvard University, you'll still fail. If there is no change on the inside and you have a lucrative business or job and investment you'll not succeed, because it is not just your environment, it's your attitude. If you don't have a self-esteem then the habit that can lead to your financial failure it's waiting.

[Jody.Drummer]

Social media and instant life have influenced young people today. The existence of social media and the feeling of wanting to be recognized makes people willing to throw away their money just to fulfill their desires, not their needs.

This is a big problem and I see it everyday kids these days are so easily influenced and they are persuaded by their peers to buy this and that of course part of growing up is wanting to have some kind of feeling of belongingness that is why kids want to be in the in they want the latest, the trendiest things which is why kids these days make a lot of poor financial decisions

but I can't judge them negatively if they manage their finances well even though their desire is to buy branded goods but they have to set financial limits so they don't waste money, but you have to know that they are motivated to work hard because they want to have the dream item they have long hoped to get. buy from your own income without expecting financial help from parents, so don't forbid them from buying branded goods but advise them to save their income and they should save for future needs.

Yes, even though their method is quite good in terms of collecting money by working hard, what is wrong here is that the purpose of them collecting the money is to buy something that is actually not very useful for them, as you said, buying branded goods and I'm sure they are typical people. who are more concerned with lifestyle than their future so their way of thinking is short, but I think in terms of their efforts they should be appreciated and maybe we just need to give them advice and input about better allocating the money in savings for the future or like saving to build a house for the benefit of the family after they get married, and another thing is that if they buy something with money from their own hard work then maybe we can't blame them because after all it is the result of their hard work but maybe the right one is us direct them to something that is actually more important than buying something that is not beneficial in the long term.

[Jatiluhung]

You have conquer 2023 with it's many challenges to to your financial status.

Here comes 2024, a year with a lot of excellent promises.
Your financial success this year is of outmost important particularly since we a re approaching the bull period in the crypto space.

The habit listed below may hider your financial  growth this year
,👉Fear of leaving your comfort zone
👉Fear of failure
👉Looking for easy means to gather wealth
👉Wasting your precious time on things that are not necessary
👉Self indiscipline
👉Procrastination


You can add your point so that others can learn

I might add a few things that might also be obstacles for someone to become more advanced in this year, namely 2024 and the following years, namely.
- Those who are impatient and always hasty in making decisions
- Those who do not want to deepen their insight and feel that they are sufficient with the insight they currently have.
- Those who don't like building relationships, even though it is important in business development.

And everyone here can add the rest, and it seems like many important points have also been written by other users here.