We are going to look into healthy financial habits through this article. Most times, the solution is not much money but admitting what needs to be a let go. It is not always easy anyway as we attach emotions to many things.
The earlier this is done the better. What are liabilities? In general knowledge, this can mean what takes money out of our pockets. It is having a rat inside your vault. Just imagine it, more like a nightmare. Aside from being stagnated, we are talking of growth depreciation here.
We also have to consider from another angle that liabilities go beyond finances. A habit, a friend, a place, a way of talking, what you choose to listen or give your attention to. In short, talking negatively to yourself is a liability move. When the word ‘I can't’ is framed in a bigger picture, expect shortages. Your energy gets reduced, your smart thinking gets activated and in the end it happened just as you described. Not exactly because the reverse wouldn't have been the case but because you allowed a liability mentality to creep in.
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People get locked down in a family mentality. No one goes far here. No one does this, no one does that and it becomes words of consolation. What no one has ever done is an opportunity, it is ALL about you reframing norms and sentimentals. If you ask me, these are one of the records I aim to break and I am very sure I will.
Most marriages fail not actually because it should but because a word was professed earlier enough when the storms came and it awaited the ‘throw in the towel D-day’. Mostly, what fails a marriage is disagreements, so why not disburse it early enough. Being Mr. right all the time can end you left.
Here we go again, I wasn't thinking I will write this far. My concerns was in an experience I got from someone close to me and how he managed to resolve the problem. It can be difficult to admit what is right when also thinking of what people will say. He bought another car (fairly used) to add up to his other car. He had his reasons for doing that.
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The later experience was what he was not expecting, the car was giving him issues upon issues after some months. It was always on repairs and what seemed a good price buy was increasing through repairs. The spending continued and his solution was to pack it and use the car once in a while. Perhaps, he should have sold it out and maintained his first car.
So how do you explain when a car decides to malfunction because it has not been used for a while. I am not saying for years but within a month or two. A mechanic came and checked and in the end, he had to spend a tangible sum to resolve the fault. His Next move was to sell it out. He made some calculations for me and yes, it was worth selling. In short, he was already at a loss.
I am not sure he used that car for up to a year but when calculating how much had gone into the metal it was something that would have achieved a lot. He had to put himself together and ignore what people would say and sell it out. The moment that car left, liability was disbursed.
To conclude, let me add, most times all we need to do is disbursement. What are your spendings? So they really matter or it is you mounting yourself with unnecessary pressures. You subscribe for this and that and within 30 days your bills are on the roof. Calculate it for 12 months and you will be out in search of who to rescue you out.
Do yourself the first favor, while looking for solutions to clear the bills, stop the habits. Without this, the former remains just a wasted effort.
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