As ironic as it sounds, every one of us wants to become wealthy but our actions speak otherwise. Even with all the information available through books, seminars or through IMG's financial education workshop, majority of people are still not in the habit or in conscious awareness of the importance of saving and investing for our future.
Oh, let me correct that, people understand the importance of saving and investing but applying and doing it, is still an uphill battle. Even all the efforts of showing the advantages of saving and investing early, knowledge is never converted into wisdom without action.
Now, let us try to account that majority of us are negative by nature. If showing advantages doesn't work, then maybe showing some negativity does. So let this be a different approach and hopefully it will serve as a wake up call.
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| Procrastination, spending all and instant gratification |
Here are three easy, simple and effortless ways to become poor:
1. Procrastination
"Saving? I'm still young. Saving and investing can wait." and so does wealth. Procrastination is a sure way to become poor.
Saving is just like exercise - it is important but not urgent. When we are still healthy, we continue eating everything and delay exercising. And when sicknesses hit us, it is the time when we become health conscious. We want to experience negative situations first before taking action. And it's no different with our finances.
So if you are procrastinating with saving and investing, congratulations, you are on your way to become financially sick.
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