Most people perceive the status of a person by the brand of his clothes, his phone, car, or how often he eats out at restaurants. Don’t get fooled, as this may not always the case. It’s not how you look, how expensive your food, what phone you have between your fingertips. Measuring a person’s wealth boils down to how expenses are managed, and lifestyle choices.
To help you out, we’ve gathered the following 6 Criteria that determine that are financially poor. If you find something of this reasons in your life, than you may appeal to Robocash.ph
- Not Aiming More on Your Earnings
Why aim for more? That’s because prices increase and before long, you’ll realize that
your monthly salary is no longer enough to pay all your expenses. This means you
need to have one more source of income so if anything goes wrong you have a
backup and avoid financial problems. Aiming to increase your income means you
think about the future and not live day by day.
- You Don’t Give Investment Importance
More than having savings, having wise investments has larger returns over time. For this reason, that money depreciates over time, but if you can invest part of your finances into profitable ventures your money won’t sleep. Investing is one of the top pieces of advice that financial experts give.
- You Grab at Sale Offers
Sale offers are a great way to purchase items at the lowest price possible and it can be a satisfying and exhilarating feeling knowing you’ll get that bag at 50% off. Though buying items you need is not a grave sin, but the only risk is that you might not look to other options and may stick to buying that item in that store since it’s on sale. Not realizing that it’s just the same price or even worse, more expensive when you purchase it from the next bazaar.
It also poses the temptation to buy items that you don’t need or you might want to buy more since you’re thinking that you’ve saved 50% on your 1st purchase. If this is your mindset over time, you won’t realize that you’re spending money unnecessarily.
- You Don’t Enrich Your Knowledge
Life is a continuous learning process. A lot of innovations and discoveries come to light, especially as the internet has given many opportunities and access to free knowledge. If you’re not fond of reading informational articles, then you’re in deep trouble. You have to enrich your knowledge as there is certain information that could help you in many aspects of your life not directly or indirectly on financial matters. Learning a new skill or being up-to-date on the latest business news can spark an idea or help you to self-improve in general.
- Your Priorities Are All Over the Place
The inability to draw a line between wants and needs can lead to financial ruin. This can also stress you out and be inconsistent in your decisions. Knowing which are your priorities is one of the ingredients in achieving your goals, and if you can’t decide you’ll have a hard time achieving a healthy financial status.
Be stern about your priorities and set achievable goals. If you’re planning to purchase a home, you might want to aim for a price that you know you can achieve. Get a 2Million home instead of that 9 Million Mansion you’ve been drooling about.
- You’re Crazy About Trends
It is great to be part of the trend once in a while, but if you’re the type that would do anything to be always trending, then must stop if you want to improve your finances. Keeping up with the trends can cost you a lot of money and time. A time for making money and managing your expenses.
Don’t get caught on the temporary satisfaction of being accepted and in trend as being financially stable is more rewarding and gives you peace of mind until your more advanced years.
Urgent financial assistance
Are you one of these? Don’t be discouraged. It is never too late for change as once you’ve started it gets easier as you progress into getting your finances back on track.
If you need financial aid right now, Robocash is an online service with minimal requirements. They offer loans for various purposes like medical, monthly bills, or starting a new small business venture. A quick loan of up to 25,000 pesos is available to every Filipino.
