Habits that can lead to your financial failure in 2024

[Baki202]

👉Fear of leaving your comfort zone

If someone chooses not to step outside of their comfort zone, it indicates that they are not ready to grow. Life is not always easy, and most people don't understand that moving from one situation to the next is comfortable. We all know that life is difficult, but we won't give up no matter how difficult it gets.

👉Fear of failure

It is quite normal to experience failure. I've discovered that if you don't fail, you won't even grow. Let failure be your motivating factor. If you start a business and it fails, try again. There are people that invest and keep investing despite losing money or experiencing failures because they have goals they need to achieve.

👉Looking for easy means to gather wealth

It won't help to hunt for easy ways to make money since I don't think there are any. As an example, when it comes to investing in bitcoin, people talk about making money here and there, but there is no way to make an investment that you won't lose money.

👉Wasting your precious time on things that are not necessary

If you believe you have time, the reality is that you have time right now. If you have a plan, just carry it out, and if you don't have any money yet, develop plans on how to spend it.

👉Self indiscipline

Although maintaining discipline is difficult, it has helped many people become better people who know when and how much to spend on what. Many people also face difficulties because they lack discipline, act without thinking through things through, and believe that there should be limits to their competencies.

👉Procrastination

Putting off tasks is a very bad habit that stems from a lack of motivation to complete tasks at the appropriate time. It is an act of laziness that keeps you from doing tasks until you finally give up. Procrastination is dangerous because it is one of the factors that contribute to failure because if you don't take action, you will just sit around and fail to complete any reasonable tasks.

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[someone703]

The fear of failure can cast a long shadow, obscuring the inherent meaningfulness of a life lived with stumbles and falls. While success is a glittering prize, it's often the journey itself, with its triumphs and tribulations, that truly shapes us.

Embracing the dance between comfort and discomfort is crucial. Stepping outside our cozy zones, venturing into the unknown, is where growth and learning reside. It's where we test our limits, discover hidden talents, and forge resilience. Yes, there will be failures, stumbles, and moments of doubt, but these are the brushstrokes that paint the masterpiece of our experiences.

But let's not romanticize failure. It's a bitter pill to swallow, a temporary setback that can leave us bruised and discouraged. However, it's also a potent teacher, a harsh but necessary feedback loop that reveals our weaknesses and pushes us to refine our strategies. Without this crucible, success would be a hollow echo, unearned and unsavored.

[tjtonmoy]

Health is wealth they say, and I totally agree with this. You can not enjoy all that you have if you don't have good health. You can earn all that you want but if you are not there to enjoy it, then it is all just meaningless. Take care of yourself, that's the best thing that you could ever have. Eat healthy and do some workouts. This could also be specified as getting out of the comfort zone which is mentioned in the OP but I want to put it in a separate category just because it is so much important.

The second thing is, focusing more towards passive income. Passive income is a lie. That's not the truth. It is possible but you may have to put a little bit of effort in order to make that happen. If you aren't able to generate money while you sleep, you should never stop. The moment you stop, others will surpass you and you will be left behind.

Make yourself better than you were yesterday.

[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.

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.   

With all the stressful things that are happening on this world today, it's just best to stay where you are comfortable. Staying on the comfort zone doesn't mean that you are incompetent or any negative thing. I don't understand why these so called motivational speakers are always giving that factor as if someone should be forced to get out of comfort zone. What if it's all about the stability and that person who's in the comfort zone is able to provide still for the family. Protect your peace, if you're good staying on your comfort zone, no need to validate your feelings and beliefs by anyone.

[SOKO-DEKE]

,👉Fear of leaving your comfort zone

Life could get difficult if we decide to remain in our comfortable comfort zones. We can find incredible chances that may be even greater than what we've already experienced when we venture beyond our comfort zones. We must push outside of our comfort zones and try new things if we are to succeed. It's similar to trying out several games or toys; by doing so, we could discover our favorite. Therefore, don't be scared to push beyond of your comfort zone. You never know what amazing experiences and fascinating opportunities lie ahead of you when you daringly try new things in novel ways!

👉Fear of failure

Since nobody enjoys failing, it's normal for everyone to feel afraid of it. Success becomes elusive, though, if we let that fear to rule us. Our fear of failing can prevent us from taking chances and attempting new things that might lead to success. It is similar to having an adventurous friend who prevents you from having fun. Failure is a necessary part of the road to achievement, and understanding this is essential for success. Consider failure as a learning opportunity that advances our development.

👉Looking for easy means to gather wealth

Gathering wealth isn't simple; most easy paths involve significant risks, like gambling through bets or investing in unstable assets. These methods, tempting as they may be, often come with a whopping 99% chance of losing money. On the flip side, achieving wealth with less risk demands serious hard work in life. It's crucial to understand that seeking shortcuts to wealth usually leads to financial losses. Choosing the easier ways might seem appealing at first, but in the long run, it often results in regrets and financial setbacks. The key to accumulating wealth wisely is to focus on consistent effort and responsible choices.

👉Procrastination

Procrastination, which means delaying or putting off tasks, is not good for us because it causes us to miss out on lots of chances that could help us succeed. Imagine if you have a big goal, like becoming really good at something, but you keep delaying the work needed to achieve it, that's procrastination. Many people have dreams and ideas, but if they keep procrastinating, they might not ever reach those dreams. So, the best way to make sure you achieve what you want is to do things on time. When you have something to do, try to do it right away that's how you can easily make your dreams come true.

[erep]

With all the stressful things that are happening on this world today, it's just best to stay where you are comfortable. Staying on the comfort zone doesn't mean that you are incompetent or any negative thing. I don't understand why these so called motivational speakers are always giving that factor as if someone should be forced to get out of comfort zone. What if it's all about the stability and that person who's in the comfort zone is able to provide still for the family. Protect your peace, if you're good staying on your comfort zone, no need to validate your feelings and beliefs by anyone.

Many people will assume differently about remaining in the comfort zone because you feel satisfied with the economic conditions you get from your current job, but in terms of economic factors, your economic condition statistics are not improving, but you don't realize that the level of economic stability will get worse because the impact of higher costs of necessities, the influence of inflation, and other things that require additional income to increase monthly income. Actually, we don't need to get out of our comfort zone, but we need to increase our creativity to get additional income from freelance work that is not tied to your main job.

[0t3p0t]

I agree that those on your list OP if we keep on doing it we will end up a failure. Failed to invest on something that might give us a better future and spending hard earned money on nonsense things could possibly lead us to failure.

[AnonBitCoiner]

,👉Fear of leaving your comfort zone
👉Fear of failure

Actually a person who cannot leave his comfort zone will never be a successful person in life because success needs sacrifices. You have to definitely leave your comfort zone and also you have to sacrifice your previous timing so as a result of hardwork you will be able to achieve what you deserves.

Those who have fear that they will loss money and will face failure are those who with such fear will never go ahead for doing any job or business because they will always think negatively. Take the risk and then you will see that how profitable they way is which possess greater risk. You will overcome the risk instead of creating negative thoughts in your mind according to it.

[harapan]

           Entrepreneurs want their businesses to succeed, but only 80% of startups survive after one year. This habit that needs to be prevented is Failure to learn from mistakes and adjustments.
  "A smart man makes a mistake, learns from it, and never makes that mistake again." – Roy H. Williams (1958-), U.S. author and marketing expert".
  No one is immune to making mistakes – we are human, after all but it's unnecessary to make the same mistakes over and over again.

Exhibiting an "incorrigible" attitude or response to your business is considered a bad habit as it prevents or hinders the growth and progress of your business.Failure to adhere to this feature can make the business unproductive and can ultimately harm the reputation and success of the business.
 
 

[bestcoins1]

I agree that those on your list OP if we keep on doing it we will end up a failure. Failed to invest on something that might give us a better future and spending hard earned money on nonsense things could possibly lead us to failure.

From the points mentioned by the OP, I see that they are points that occur quite often in life and are also very often found by many people in some individuals around them. And I think all of these points are complete enough to make someone fail because some of these things do not have an element of struggle in them so they are always far from being successful if there are still these things within each person. Apart from that, I can only add one more point that can make someone unable to be successful is not wanting to try something after he knows how to do it.

[Miles2006]

All what you mentioned can lead to financial failure and not just financial failure, it can hinder ones growth and the person might never be successful if he refuse to change.
Procrastinating is one of the factor that can hinder financial growth cause when it comes to money and the person is not willing to work or get involved but rather the person keeps procrastinating without any effort to show, it's like the person might end up losing out.
Wasting precious time on things not necessary is very common and most people fall in this category, sometimes they actually know the right thing to do but instead they keep doing the low value stuff with zero profit, I think the fear of leaving their comfort zone can cause all this. You've mentioned the factors and no one is perfect and it's best to learn and pick our different mistakes to make amend

[Fakhrulenclix]

I agree that those on your list OP if we keep on doing it we will end up a failure. Failed to invest on something that might give us a better future and spending hard earned money on nonsense things could possibly lead us to failure.

From the points mentioned by the OP, I see that they are points that occur quite often in life and are also very often found by many people in some individuals around them. And I think all of these points are complete enough to make someone fail because some of these things do not have an element of struggle in them so they are always far from being successful if there are still these things within each person. Apart from that, I can only add one more point that can make someone unable to be successful is not wanting to try something after he knows how to do it.

Many people know this, but it must be admitted that avoiding this is very difficult, even though we know that if we continue to do it, we will encounter many failures.
Habits that we often do are bad but difficult to get rid of. I realized that if we want to maintain our finances well in the future, we need to be consistent with what we do for that goal.

Of course, not everyone dares to try new things because it is full of risk, even though the risk is worth it for what we will get, actually it is good but it again depends on a person's strength and self-confidence to be able to do that.

[Y3shot]

You've already made some good points; my favorite rule is TIME MANAGEMENT. If you can manage your time, then you will probably be successful. There are no two ways about it. Time determines if you will meet opportunities, and time determines your level of focus that can catapult you to your destination. Time management is the first and most important rule that everyone who seeks financial freedom or success needs to obey. If only you can manage your time and limit things, then you will surely be successful. Look at your role models; all they capitalize on is time because it is very precious and the root of all other rules.

Time management is very important factors that  can't be taking for granted if one wants ti be successful,  when we value our time the result that we will derive will be of good value.  In the business and our career we find ourselves,  it is impossible to succeed if their is no good management of time. When people don't take time serious in what they do you notice that it becomes difficult to gain success.  Time management should be what must be observed to gain greatness.

[oktana]

Looking for easy way to make money can be one of the ways to waste your time because there’s no easy way to success. For every wealthy person you see, someone somewhere put in the work to make it happen. Many people think they can make it by things like gambling for instance, I really hope they understand that even people who are really good are gambling have lost a lot of money and still lose a lot of money. Generally luck happens, but don’t look for luck. If it’ll come to you it’ll come, just grind in your best way and it’ll pay off someday.

[icalical]

The habit listed below may hider your financial  growth this year
,👉Fear of leaving your comfort zone

This might be an unpopular opinion but the jargon to 'left our comfort zone' is a very missleading jargon by many motivator, I know many people that 'left their comfort zone' in the meaning of leaving their regular job to chase their passion, or to become entrepreneur or some other stuff. Most of the failed and regretting their decision to leave their comfort zone.

I think what could be better phrase is 'expanding our comfort zone' if we are comfortable become an office employee we shouldn't leave those job, but maybe we can start small business or trade crypto in our sparetime, if we could succeed doing both we can have two 'comfort zones' and if we failed we will still have our previous comfort zone.

[michellee]

Looking for easy way to make money can be one of the ways to waste your time because there’s no easy way to success. For every wealthy person you see, someone somewhere put in the work to make it happen. Many people think they can make it by things like gambling for instance, I really hope they understand that even people who are really good are gambling have lost a lot of money and still lose a lot of money. Generally luck happens, but don’t look for luck. If it’ll come to you it’ll come, just grind in your best way and it’ll pay off someday.

Everyone wants an easy way to make money. Many people don't want to work hard and smart to make money. Apart from that, many people also want to stay in their comfort zone because making money requires trying in many ways. That is why only a few people succeed in making money in many ways.

People who really intend to make money realize the importance of working hard and smart. Only then will they be able to see the results, even though it takes time. Leaving old habits and changing them with new habits is also necessary so that they can develop their talents.

And in working hard and smart, many people are unwilling and unable to live every day. They feel like it's a waste of their time when it's not. If they are on the right track, they have to keep going because the results may appear soon.

[sana54210]

Many people know this, but it must be admitted that avoiding this is very difficult, even though we know that if we continue to do it, we will encounter many failures.
Habits that we often do are bad but difficult to get rid of. I realized that if we want to maintain our finances well in the future, we need to be consistent with what we do for that goal.

Of course, not everyone dares to try new things because it is full of risk, even though the risk is worth it for what we will get, actually it is good but it again depends on a person's strength and self-confidence to be able to do that.

Well, because we are humans, and we do have the right to make mistakes, the whole entire history of humanity is filled with people who made mistakes so that we would learn from it. You think we just know fire burns? Someone burned from fire for us to learn that, it may sound silly, but that's how it is.

No invention in the world was tested once and worked, you failed, you made mistakes, maybe over a dozen people found a way of it not working, until someone who gathered all that information and found one that worked. So all in all, we are all destined to make mistakes, and that is why it's fine that if someone makes mistakes OP mentioned, it is not the end of the day.

What we need to figure out is how we could make mistakes, and still move on because that is the real golden goose if we want to get richer in the future. You may make mistakes, you are allowed to do that, but in the end, if you can recover from those mistakes and end up doing something better, that would be even better for you.

You think Elon Musk never made a mistake (hell twitter is his biggest mistake)? You think Jeff Bezos never did? Warren Buffet never did? Everyone makes mistakes, it is important how you bounce back from your mistakes and end up taking the bull by the horn and fix it. I hope that means something to someone who is feeling down about the mistake they made, it is normal, don't feel down, pick yourself up, and try to do better next time, that's all we can strive for.

[bestcoins1]

Many people know this, but it must be admitted that avoiding this is very difficult, even though we know that if we continue to do it, we will encounter many failures.
Habits that we often do are bad but difficult to get rid of. I realized that if we want to maintain our finances well in the future, we need to be consistent with what we do for that goal.

If we want to maintain our finances well enough, there are several important things that must be done and one of them is being able to maintain time while working and apart from that, being able to refrain from spending excessively on things that are not needed. Actually, getting rid of bad habits is not difficult as long as we have a strong intention in our own hearts to do so, even though it cannot be completely eliminated all at once. Because the process must be gradual and consistent over time.

Of course, not everyone dares to try new things because it is full of risk, even though the risk is worth it for what we will get, actually it is good but it again depends on a person's strength and self-confidence to be able to do that.

I think that is another plus point that can be considered by every individual who wants to change for the better. But basically you have to be able to no longer do bad things that can harm yourself as explained by the OP here. Because it's not an important thing to do, but it's very important to avoid it so that we can be confident enough to try new things.

[Crypto Library]

Life is about success and failure. But you should not think of yourself as a failure without trying. To be successful, you have to adapt yourself to a very hostile environment. Life cannot be stopped by the fear of going outside the comfort zone.  Success comes only after failure. So don't be afraid of failure. If you are afraid of failure, you can't move forward in life.
Earning money is a very difficult task. There is no such thing as easy money in the world, it must always be kept in mind.  We spend so much of our precious time on so many unnecessary activities that it harms us physically, mentally and financially. If you want financial flexibility, you have to be a very disciplined person. By managing your life according to the rules, you can achieve financial success in 2024. By correcting the mistakes made in the previous years, you can succeed better.

[tread93]

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.