Are you among those that have not yet begun with savings and investments? Or among those that have started yet are irregular at it?
Ever asked yourself why?
Obvious, inevitable reasons include family responsibilities, unavoidable expenses, etc.
But what about those underlying reasons that silently influence you? Are you even aware of them? Identifying and becoming aware of them is a crucial starting step towards your financial prosperity!
Why? Simply because the younger you get started and the more regular and consistent you remain with your savings and investments, the more you stand to gain in the long run in your life. This holds true regardless of what your occupation is and how small or big your earning might be!
To help you, some possible underlying reasons have been randomly listed below:
- Regularly setting aside a little of your income, only to enjoy benefits later seems too much of a hassle and not worth the trouble.
- You have an aversion to risks and feel that all investments pose risks, so why bother.
- You’ve always found financial jargon and procedures too complex and intimidating. So you’ve given up even before you could get started.
- Always thought that you need to be good with numbers to do any of this.
- Like most things in life…savings and investments also needs discipline, patience, determination organization, hard work, goal setting, vision and planning. Ugh Oh…but this is so not your thing.
- You can afford to save and invest but cannot help indulging and spending it all.
- Have always had others taking care of your finances, so now you are totally clueless.
- Your earning right now is small. So you think you’ll start when it increases or when you land that higher salary job. Right now you have other expenses to tend to.
- Gotten so comfortable living paycheck to paycheck with no worries and plans for your tomorrow that you are not even aware of how to save and invest.
- Not started out at the age you might have liked to, so now you think it’s too late to start.
- In an occupation that does not provide regular stream of income. So you think saving & investments is not for you and not worth doing.
- Into postponing and procrastinating. So each time you skip the process you tell yourself, “I’ll just save more later and then consider investing.”
- For some responsibilities, marriage, parenthood starts later. ‘Kidulthood’ lasts longer. This can have its share of influence.
- Strangely low self-esteem and self worth can also influence your financial life.
- Unknowingly you may have borrowed your parents as well as other people’s attitudes and ways with money.
- You may have come to think that it’s wrong to have wealth aspirations or that money is the root to all evil.
Which of these reasons can you relate to? The list is not exhaustive. Besides it varies from person to person and individual circumstances.
Try looking into the pattern of your own thoughts, feelings, behavior and decisions. Stressful and not quite an exciting thing to do right?
Most people are afraid to find out and uncover their own thoughts and why they hold them in the first place. As it means looking back into their own past and their own life.
But once you ask yourself, “What have I been thinking that has created my financial life to be the way it is?” And then proceed to ask yourself, “What would I like to think in order to create my financial life the way I would like it to be?”
You’d have begun the process to that much needed change.
So go on, put an end to your starting trouble. An end to all those unnecessary irregularities.
