Since I became matured in my thoughts and actions, there is this perception that people normally nurse within my community here. This issue kept bothering year in and year out but for this year, I said I need to drop a piece in response to this thought pattern.
Once we enter into the new month of the year that's January, most people believed that is the toughest of all months in a year without acknowledging that there are other months that has 31 days. What makes the month of January so special?
What makes the financial atmosphere of the month of January is always different from other ones?
I have decided to tagged this piece as January financial phobia. I know as humans by default we are prone to react to so many things especially the financial aspect of the month of January.
There is this financial phobia that is mostly associated with the month of January. So many people find it difficult to breakthrough the month of January due to the kind of things they did in the previous month.
January financial phobia arises when as an investor most of the resources had been squandered in December because of the yearly event called Christmas. At times the nonchalant attitude of people causes this also.
What causes January financial phobia?
- Lack of savings. Most people because of the excitement of December, they tend to finish everything during this period without having any plan or saving for the next month which January. Why should a new year become a surprise? Why would one start a new without a plan? Some even eat including their seed capital of a business why? No wonder you become easily distracted and lack adequate financial muscle to withstand the danger of January.
- I want to also believe what makes the month of January difficult to many youths is due to the lack of a plan. Make sure you have plan with contains all the goals to be achieved. When this is done, it would help to reduce any kind of phobia that would arise in the programme.
For how long would you be borrowing resources every year?
How to overcome January financial phobia.
Please plan very well. When you fail to plan, then failure, borrowing is guaranteed.
Make a simple budget at the end of the year that would cover the first month of the year.
Be optimistic that the month of January is not the most difficult one. Change your pattern of thought.
Be prudent in spending and be very strategic.
####### thanks for reading and all comments appreciated.
Posted Using LeoFinance Beta
Taxes play a huge role in January markets.
Since most people do their taxes on an annual basis, people are faced with a myriad of tax decisions at the turn of the year.
For example investors with gains or losses will often make tax related trades at the end of December or the beginning of January.
Taxes add a great deal of stress to investment decisions.
!WINE
Posted Using LeoFinance Beta
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