Habits that can lead to your financial failure in 2024

[Russlenat]

Being too emotional in your investment or even in trading. If you are like that, you will never be successful with bitcoin and will only hinder financial success instead of achieving financial stability and security. Know that when you invest or trade, you should not focus on your emotions but on your plan to reach your goal. Whatever your plan, then stick to it no matter what. Investing and trading do not require emotions, but will only need knowledge and market experience to make it work and profitable.

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[Cryptomultiplier]

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

Majorly, the points you have mentioned so far has a lot to do with what distracts anyone potential investor on a daily basis.
To delay immediate gratification of pleasure will help one be more financially stable than most and would help one be focused in maintaining a good DCA strategy of investment for a long time.

Another point I want to highlight is that of using loan apps or borrowing from loan sharks or friends to survive because one wants to live well by all means.
 This has been the downfall of many potential wealthy men and women who think that it is an easy way to live a rich lifestyle without any investment or business.
Borrowing is one quick and almost addictive habit like gambling and smoking, which can lead one to financial failure in this 2024.

[Hewlet]

You can add your point so that others can learn

inability to managing already gathered money is a serious problem.

Some people have a steady and functional source of income but their spending habit is just so bad that year after year, they continuously experience stagnation because of poor management of resource.

If you want to grow from where you are into a new position, you must first work on managing and coping very well with your current situation if not you wouldn't be aw to manage growth when it finally comes.

[ZAINmalik75]

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.

You can add your point so that others can learn

Here comes a new year with new resolutions, some will be completed while some will become resolutions of the upcoming year 2025. The best thing about making a resolution is you are at least giving it a thought like you are planning something to achieve while many don't even make plans.

It does not matter that much what you plan, whether it is any of the above points you have stated or something else, the main idea is, we should think about it, we should give some time to thinking about what we should gain in this year and how to improve ourselves over this 365 days.

One habits that I want to see in myself are punctuality and consistency and hardworking because these are the main things that one needs to achieve big things, many of us stops midway when they started to get feelings that they are not going to make it but those with consistency mindset never stops and they kept on restarting there minds and forcing them to do the job.

[Fortify]

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

Procrastination is a big one, you might have a million great ideas but until you actually put them into action and test them - you'll have no idea how successful they will actually be. The best thing is, as long as you do not go overboard, you can spend your whole life testing different things and eventually you might just stumble across something that will set you up forever. That's how most entrepreneurs and business minded people work, they see failure as a great thing - it's one idea that they tweaked in many different ways and realized that it was not going to work, then they moved on to the next one, rinse and repeat. The best will find more than one brilliant idea and grow multiple revenue streams.

[Zoomic]

If there's one bad altitude that hinders growth to be dropped,  then its procrastination. This year is still very fresh to make fresh plans and stick to them inorder to avoid regrets later. Let's just look back to last year and reflect on the business plans we had in our head but never achieved them because of fear of failure.
The projects we are yet to invest in because we think it's not time yet.
All the silly excuses we made just to delay making that one drastic move.
The amazing fact is, nothing changed! Our financial statuses didn't improve after all the procrastination. Our motto this year should be "Start first". Forget about all the distractions and start making your life productive. If we continue to postpone things that can actually be done now, we do not know when we might miss great opportunities. Avoid regrets this year!

[Captain Corporate]

Fear of failure is something that prevents a lot of people, me included. Starting a business, or risking a capital is not an easy thing and it could always lead to you ending up being poorer, but also it could end up being better for you as well. Many people who got rich did so by taking a brave step, I agree with that, and I would never be like those people without a doubt however, many people who bankrupted also did so by taking a brave step as well and that was the key factor there. I rather not bankrupt and not take that risk, if it means I could also just not end up being super rich. I am fine with my salary, sure I am not rich, but I am not poor, so I could just live a normal life for sure. Fear of failure could be a good thing, do not write that off.

[EluguHcman]

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.

I would take this for another episode of the years resolutions because there had been lot of expectations that I was not able to meet at the year 2023 which I want to have my accumulated values of Bitcoins as a point of contact because, my intentions to reach a specific Bitcoin value to the rate of the USSD has been a weigh down to me because things hasn't been going well with me but at this 2024, there is already a promising phase right from the day one of this year that I have so sudden purchased with the best value as I could from the gifted funds I received from loved ones as a gift.

I purchased more of the Bitcoin this year at the rate of $42K and I don't regret it because I am hoping on the activation approval or the ETF so I could be a pertaker or the bull run or a skyrocketing as the case may better pave me with some pieces of exciting hopes in time to o make profits and I hodl and accumulate more of Bitcoins in this year 2024 .

[fikayo]

You can add your point so that others can learn

Waste of financial and other resources: Some people earn so much but they end up wasting in things that will not generate financial returns. Waste of financial resources has made people poorer than lack of employment. Some people spend money on new gadgets not because they need them but because they just want to be in a social class of people who have the latest gadgets. I don't see any reason why an average citizen who is struggling to make ends meet will be spending money on the latest phone, clothing or other accessories. Some people also waste money on cars or big houses when it is clear that they don't need them. In my country, it's common to see young boys buying flashy cars when they don't even require them because public transport is economical. What will a bachelor be doing in a two-bedroom flat apartment, this behaviour is popular in my location. Many of these youths prefer to waste their resources on liabilities, rather than investing.  

Addictions: There is a need to engage in all activities moderately. Addiction to any behaviour could hinder financial prosperity. People who are addicted to drugs, gambling, food, s3x, etc, might find it difficult to plan and make sound financial decisions. Many of them will end this year poorer because of credits and debt. With the high rate of drug addiction in my location, many people spend most of their income on hard drugs. The popularity of online and offline gambling has caused some gamblers to develop some disorders.      
      

    

I fully agree to your second point about addiction. It can really ruin one life if care is taken. Evething one's do, must be done moderately even eating too much food could cause stomach upset.
That's why I pity must young generation nowadays bcos must of them are extremely addicted to drugs, s3x and gambling

[bitzizzix]

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

Fear of failure is something that people often experience, especially when they want to do business. Actually, failure is not something to be afraid of and failure does not mean the end of everything.
And this must be able to change the mindset about what failure means in our minds, make failure a step towards success and instill it in our minds so that we don't give up easily and stay focused on what is planned. And often the fear of failure can affect our performance so that we cannot focus and make it a mess and even fail, and after failing give up which means there is no progress in life, especially financially.

[mirakal]

Having the inability to control spending is probably the most reason why people don’t succeed financially. People focus more on satisfying their wants instead of sticking to their basic needs so they can still save up for their future. The outcome is they always run out of their budget and end up buried with their debts.

If this attitude will not be changed, financial failure will certainly be the end result. And having consistent financial failure will lead into emotional and mental damage until that certain person decides to end his life if he will not be properly guided by the people around.

[poodle63]

Having the inability to control spending is probably the most reason why people don’t succeed financially. People focus more on satisfying their wants instead of sticking to their basic needs so they can still save up for their future. The outcome is they always run out of their budget and end up buried with their debts.

If this attitude will not be changed, financial failure will certainly be the end result. And having consistent financial failure will lead into emotional and mental damage until that certain person decides to end his life if he will not be properly guided by the people around.

honestly spending is not wrong, even living a life that we want also not wrong despite making us spending more money than it should be but we should also know to have solid income and if not investment to back our life up.
I mean we can be earning some good money, investing it, and live off the profit from investing and we can be living luxurious enough because usually the profit of investment also astronomically high at bullish market like this.
I think it depends on how we manage our money, if we think we can afford some good luxurious thing from calculating our profit from investment and income and still left some money to save up its fine.
but the thing is that majority of people that are really consumptive in this regard, just buying every luxurious thing they see despite the fact that their earning is not really sufficient that they usually entangled in the debt and therefore making them fall into poverty thats the thing with many of people.

[boty]

Fear of failure is something that prevents a lot of people, me included. Starting a business, or risking a capital is not an easy thing and it could always lead to you ending up being poorer, but also it could end up being better for you as well. Many people who got rich did so by taking a brave step, I agree with that, and I would never be like those people without a doubt however, many people who bankrupted also did so by taking a brave step as well and that was the key factor there. I rather not bankrupt and not take that risk, if it means I could also just not end up being super rich. I am fine with my salary, sure I am not rich, but I am not poor, so I could just live a normal life for sure. Fear of failure could be a good thing, do not write that off.

What you say is right, anyone who does not have the courage to face failure will certainly not be able to face this problem, but if we can study the mistakes that made us fail and can correct them, of course this will lead us to the success we want.
Of course, it takes courage and knowledge to run a business. Without courage and knowledge, of course we cannot make the right decisions about the business we run and those who can recover from failure will of course be able to correct the mistakes they have made. and don't do it again.
When we decide we don't want to go bankrupt with the business we are going to build, of course we have to continue working for other people and we have to feel satisfied with the salary we get from the place we work.

[Poker Player]

More than 90% of the financial problems people have are due to two reasons: buying a house beyond their means, buying a car beyond their means, or both. It can also be summarized in that the main problem is spending more than you earn, and buying houses or cars beyond your means leads to this.

The rest of the tips are not bad, but they do not address the main issue.

[Hamphser]

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

-Good financial management
-Good emotion handling
-Realistic goals and targets
-Dont let others influence your decisions in life
-Doing in depth research if you are into something

There might be some things which might had been missed but we know that challenges and hurdles is always been part of life. This isnt really just
that only limited on financial aspect but also in other aspects in life as well on which you should really know on how to assess and find up solutions if
ever that problems would be existing. We do know that its never been that so simple on dealing up with life challenges but as we do go further ahead
on which experience would really be able to make us that sustain at least.

[dezoel]

👉 Repeating the mistakes of the previous year.

We as humans make a lot of decisions, either financial or non-financial, and sometimes, or many times, our decisions do not go the way we might have expected. What we ought to do is learn from those experiences so that we do not repeat the same mistakes in the future to avoid problems that occurred in the previous instance.

However, many of us tend to make the same mistakes again, many once or more than that, and that makes us face repetitive problems, and those problems become losses for us if we make mistakes in a financial market such as the cryptocurrency market. Not doing that will make us gain more success in our endeavours.

[lienfaye]

👉Fear of leaving your comfort zone

Many of us are afraid to try new things and don't want to leave our comfort zone because of worries. I have been there and honestly, I can say nothing will happen if you just stay on what you used to and won't explore for new opportunities. It's normal to have worries but if you won't take risk then you can't gain anything.

You can add your point so that others can learn

Well, I think too much spending for wants instead of what is only necessary can also cause financial failure. Because if you can't manage your finances properly (not thinking wisely) spending here and there just because you have money on hand is also a factor to fail. We need to be wise and think of what is the best thing to do currently that can be beneficial for the future. That even the time comes we're already incapable to work, we still have sources to earn money.

[Apocollapse]

That just a common advices, I don't think it's important. Nowadays mental health discussion, motivation, self development, online course etc are hot topics, many people watch it, but there's no action after that.

The most important thing is taking action, not only watching tons of motivations or evaluations.

To achieve successful financial, you only need two things: to learn a high income skill and know a way to hedge against inflation.

[angrybirdy]

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

This is very interesting topic and I love everyone's suggestions. Things that consider the reasons of financial failure is the fear of living our comfort zone and No perserverance, self discipline and do not accept constructive criticism. the things I mentioned are the qualities that we need because I believe that when you learn to accept mistakes and suggestions from other people, especially when you learn to take risks, you will see that your decision is right and it is possible to be a reason to achieve you financial freedom that you want. We have nothing to lose if we don't try.

[AicecreaME]

Being stuck in your comfort zone is pretty relaxing and depressing at the same time.

I'm afraid to try new things, I stopped trading for a while since I said to myself that maybe I'm not just good at it, but I'm willing to try it again once I've saved some money as my capital. My problem now I believe is that I always buy things that I "need" to cure my boredom, and sometimes, I spend a lot on it. So now, I decided to not spend any of my Bitcoin, hodl for a while and earn some and will sell it once a new all time high happen.

And I'll use my profit to start a little business to accumulate more money as much as possible.