Habits that can lead to your financial failure in 2024

[bitLeap]

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.

Yes you are right, many of them end up having unhealthy finances because they have expenses that they can't actually afford to spend, or in other words more expenses than income, it becomes a habit that must be changed. We should only focus on basic needs first that we cannot leave behind, while for other needs such as secondary or tertiary needs we should consider carefully, whether we really need it or not.
There are things that we must prioritize, there are things that are not necessary at all. We should already know what we should prioritize, because basic needs are needs that we cannot forget every day.

[junder]

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.

that's right, in my opinion there are still many people who can't manage their finances properly like spending what they shouldn't do because it's not too important either, but this still happens a lot and maybe they still prioritize their own needs and tend not to prioritize their basic needs first,  and by not recording expenses it can load them experiencing problems in finance this certainly needs to be considered, because even though they have a large income, but if they have bad habits then they will not be able to achieve financial freedom.

I think that by recording expenses it has helped them in dealing with finances, because that way we will know where the money that has been lost is, and if we really have good thoughts,  of course we don't easily spend what we shouldn't like buying what is not too important, because there are people who buy an item even though they don't really need it and this is of course due to their own will,  so I think this needs to be addressed so that there are no problems with existing finances.

[Renampun]

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

everything on your list is true, I have also experienced that being in a comfort zone is really a time bomb, in order to live safely in the future what we need to do is always look for things that challenge us, even if it is too comfortable with the wrong partner then your economy will worsen. So I added,
👉choosing the wrong partner will make your economy worse in 2024
finding a calming life is really easy, we just need to stay away from things that disturb our minds, we even have to stay away from toxic people as much as possible who really destroy our lives. 2024 has just begun, let's be someone new, even better now.

[darkangel11]

The habit listed below may hider your financial  growth this year

The title says these can lead to financial failure and the post suggests it can hinder my growth, so which one is it?
Not participating in the market in fear of a loss will not lead to a person's financial failure. Cautious people tend to do good financially. They don't make spectacular gains but they usually save up a lot and profit from stable investments like bonds.
Your pieces of advice are very general and won't mean anything to most people. How am I to know which things are not necessary in my life? If we all knew that we'd save so much time.

[Sanitough]

I think the fear of failure or the fear to lose is a big issue when you aim for financial success in the future. It’s hard to see and gain profits without losing in the first place, as most those who are in the peak of success these days have experienced losing a lot before.

Having the fear to failure will certainly put limits to your own potentials to succeed in the future. So do not keep with this kind of mindset because that will obviously won’t help you in the long run.

[Raflesia]

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

Very good point OP and indeed what you said is what makes the situation financially difficult for ourselves because of some of the factors you mentioned.
It's hard to overcome all of them at the same time because there is a lack of confidence in ourselves that makes it even more complicated.

I feel some of the points mentioned including the last point in the matter of discipline and always procrastinating. This is something that is actually quite simple but difficult to leave behind because after all when we try to be disciplined and try not to delay anything it is precisely things like this that are difficult to do.
But indeed in this case there is always a resolution that must be done over time, we cannot change it overnight but there is a process that we must do so keep processing even though in this case we cannot eliminate everything at once but with good habits and starting to avoid things that make us hampered financially it is already a very good step to take.

[Rockstarguy]

👉Procrastination

Procrastination is an enemy to success, this habit is a bad one that can make one not to even take a step in life. Procrastinatng will alwsys  make you feel as if their is time for you to start up. I know it is never late to go after a project but it is worse when one knows the right thing to do but posting it, for it to be done later, with is habit it can't be possible for one to achieve success.

Procrastination always make people to miss better opportunities that can take place once in a life time. Procrastination is a sign of not prepared of achieving greatness.

[batang_bitcoin]

Being in your comfort zone will not lead you to your own failure. Actually, most successful people are already into their comfort zone but they just want to achieve more and they know that they can do more. On the other hand, I understand that some people are in their comfort zone and that makes them stagnant and no growth at all. But in today's period when you're in your comfort zone, having a stable salary, a stable job and all such, it's a good thing to have them.

[Issa56]

,👉Fear of leaving your comfort zone

If you can’t leave your comfort zone, then you might find it difficult to be successful in life, you won’t be getting everything you need easily, so you have to fight for what you need. Some people are finding it difficult to be successful, but they don’t know they are the cause of there problem, they are just too lazy to leave there comfort zone to struggle, you can’t seat at a place and you think you will be making it, you have to struggle if you want to make it.

👉Fear of failure

Nobody wants to fail, and that’s the main reason why some people are not taking some actions because they are scared, but seriously if you can’t take risk then you can’t be successful, when taking risk, you have to keep it in mind that either you can win or you can lose, but if you are scared to lose, then you will never take risk, and you won’t be successful. Actually when taking risk, we shouldn’t take risk which is going to affect us negatively if things go bad.

👉Looking for easy means to gather wealth

That’s why some people are scammed most especially people in crypto space, if you are looking for easy ways to look for money, then you might even end up falling for Ponzi scheme which will be offering you high reward within a short particular period of time, and people that are looking for quick money are likely going to fall for scam.

👉Procrastination

If you want to do something, never say I will do it tomorrow, it’s better you do it instantly, some people have ruined their career just because of procrastination, that’s another thing which I know is always  one of the things that can lead to failure, so always make sure you avoid procrastination.

[passwordnow]

👉Wasting your precious time on things that are not necessary

This is right but don't forget that we need also to spend time on unnecessary things which will come by as our personal entertainment. If you're thinking that those things you do are unnecessary and doesn't make you productive then don't do it. But if that activity is making you happy and you're enjoying every single second spent on it then who are the people to tell you what you must do. Anyway, this is a good reminder for those people that have a lot of things to do to make themselves productive but they choose not to do it.

👉Self indiscipline

What is this? I think that in general we all need to be disciplined in everything that we do. Whether it is on your job, business, craft or anything where you are good at, you need to put discipline on everything you does. And not just with those but also with our decisions and actions, it can also be applied but how? Depending on the situation that you'll do and that's how it should be. A person that's not disciplined, later on will become for learning how it's important to be one.

[Die_empty]

Being in your comfort zone will not lead you to your own failure. Actually, most successful people are already into their comfort zone but they just want to achieve more and they know that they can do more. On the other hand, I understand that some people are in their comfort zone and that makes them stagnant and no growth at all. But in today's period when you're in your comfort zone, having a stable salary, a stable job and all such, it's a good thing to have them.

I encourage hard work and risky taking because these virtues are important for one to become financially stable. So many people are lazy and afraid of taking risks which is why they decide to stay within their comfort zone. But I also encourage people not to stress themselves too much because of making more money. Life is too short to be spent solely running the rat race. Many people have become sick or even died because they overworked themselves and failed to take care of their health. A friend just fainted on the job because he wants to work harder to make more money. He was rushed to the hospital where the doctor discovered that his health condition requires less stress or workload.

My point is that even if we have financial targets for this year, it is important to take care of yourself, especially your health. Ensure that we spend time doing what gives us joy and not just what gives us money. Humans are not machines or robots so I have decided this year to work less and spend more time with friends and family because I derive an uncommon joy from staying around them.   

[ancafe]

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

Generally we have experienced failure when we wanted to improve our financial level for the better, but to what extent can we improve this so that it can become a meaningful life experience. Trying to live simply and not waste money in the wrong places is also an important part because someone will reach the stage of wealth if they are able to act like that. It takes creative ideas to make money and maybe we need to learn which sectors are much more promising for making money. When we know what can be done, it will be easy to prepare everything because life has no plans, strategies or ideas, so there is no way to achieve success.

Successful people have failed many times but they never give up and start again, whereas unsuccessful people will stop when they experience failure because they don't dare to get out of their comfort zone which is full of risks. This difference needs to be improved and we should have the same view as the mindset of successful people.

[HajiBagi]

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

Nothing more to add, but the most crucial thing I want to discuss is wasting your time on unnecessary things. This is the most crucial thing we should avoid in 2024. A lot of people have made the mistake of doing unnecessary things in 2023, and you will see them admitting to themselves that they wish they had known better. A lot of people also lament that they haven't accomplished anything in 2023. While not everyone can achieve all of their goals, at least you should be able to accomplish something so that others can see that you are making an effort to become successful.

Second, searching for quick ways to accumulate wealth is one of the riskiest paths we can take, and it will eventually have an impact on our lives. Many people these days don't care how they make money; all they want is to get by, without knowing what lies ahead. Many people pursue wealth to the point where they become victims of scams, unaware that they are doing so. In 2024, we should exercise caution before following anyone's advice, lest we end up somewhere unexpected.

[Kakmakr]

I will add "self-indulgence", because we tend to waste money on things that are not neccesary. Just calculate how much money are spend on takeaway food every month and see how much money would have been saved, if you made all of those meals yourself.

How many people waste lots of money on smoking and drinking and not looking after their health. Let's spend our money wisely and not wastefully. 

[Silberman]

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

The biggest danger for anyone that invested in bitcoin and has obtained good profits so far is to let themselves to be convinced to invest in a shitcoin, believing they can obtain greater profits this way, but this is just an illusion, the number of those which can earn more money this way is very small, so anyone that is thinking about doing this needs to really ponder about this decision, because I really believe that if they actually do it this may be a decision they may regret for a very long time.

[Juse14]

From some of the points that the OP made, there is one point that caught my attention and I will explain a little bit. Because I have the principle "That with self-discipline, there are many things we can do."

Talking a little bit about "self-discipline", this is quite a difficult thing to do, we can always easily make plans and schedules for the things we do from waking up to sleeping at night. But when it comes to consistency to a principle and to what we have planned before, maybe for the first few days everything will go according to what we planned before. But as time goes by we are often faced with saturation of what we have planned before, until finally we return to the comfort zone.

And in my opinion, consistency is very, very important, this is a skill that requires good self-control, so that we stay on the track, on the rules and plans that we have made, and the principles that we hold. And without consistency, it is difficult for us to have good self-discipline, because this ability will help us to keep going and trying, so that no time is wasted.

[franky1]

👉Fear of leaving your comfort zone

the reason people fear leaving their comfort zone is people think that leaving comfort means to go 100% anal in frugality where they need to live like a cave dwelling hermit eating roadkill.. thus they dont try

the actual leaving comfort zone should not be thought of in that way. instead it should be prioritising your money for worthwhile things. priority things
for instance many people want a brand new car to feel comfy showing off to the neighbours a vision of (fake) financial stability/success.
however many people can get the same model car, just 6 months old 20% less, or get last years model for 40% less

you dont need to go full anal buying a 20yo junker rustbucket of a car. but you also dont have to stick with buying a brand new car from the dealership

just making some adjustments is leaving the comfort zone. and a good start to actually start being financially successful..

other comfort things is to overspend on fast food and double tip the delivery guy to present a neighbourhood image that you can afford to eat out and be generous with tips.

however you can still eat pizza by making your own or buying supermarket pizza. and save alot of money without removing your creature comforts of the taste of pizza

👉Fear of failure
👉Self indiscipline
👉Procrastination

these three are intertwined. first the self indiscipline causes risk of failure which then causes procrastination

the key to solving this is to plan your actions. if you plan it you reduce the risk thus procrastinate less because .. you have a plan
having discipline helps you act better and fail less.

consistency is not as essential as having a plan.. we are human we cannot be robots. but if you have a plan even for surprises. then even inconsistencies wont risk failure, because you have a plan for even when things dont go straight forward. and we all know humans are not 100% perfect

[Iroh]

Procrastination is an enemy to success, this habit is a bad one that can make one not to even take a step in life. Procrastinatng will alwsys  make you feel as if their is time for you to start up. I know it is never late to go after a project but it is worse when one knows the right thing to do but posting it, for it to be done later, with is habit it can't be possible for one to achieve success.

Someone who procrastinates would create hurdles later on in his life that may be then, quite difficult to jump. It’s always best to do what you need to do at the right time and be done with it than to lazily shift it to a later date. I’ve had to deal with procrastination myself as I was once fond of putting away things that needed done to a later date. It just piles up all things that needs to be done and causes problems later on.

One that procrastinates cannot keep a schedule and is therefore likely to miss out on some opportunities but I’d like to think opportunities comes not once but repeatedly to the life of a person.

[lixer]

That is right OP but we can make it right and gain success if we change our behavior and keep aggressive rather than gaining fear.

Some people say failure is normal but for me, it only just happens if we invest or get into a business that we never know. In fact, we have to do research, study the business, and create strategies but if we keep on rushing, that may cause failure and market rejections.
we can make a change by doing,
 - carry a positive mindset
 - don't stop learning
 - willing to listen to advice

There is always a chance as they, so yeah. But that is if the person is willing to change from bad to good. To be aggressive sounds exaggerated, and I think it's close to being greedy. It may not really be necessary, but as long as we are already moving and not procrastinating, that should still work fine. If we are moving, it can also mean that we are not fearful to those that we are doing.

Failure is normal and even how much you prepare, it can still happen. But, it's not worse as to those who don't prepare. Rushing is beneficial depending on the situation. Also if we are doing the thing that I said earlier which was being prepared.

[bettercrypto]

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

Maybe the only thing I can add is to be patient in all aspects of the financial freedom that we hope for so that we don't fail in the end. Because if you are impatient, you will not reach the target you want to reach, for sure.

You must also have a positive mindset, because if you have a negative mindset, the chances are very high that the end result will be financial failure, which is not good for every individual.