5 Types of People Who Can’t Manage Finances, Fix It Starting Now! – There are many factors that will determine whether a person can successfully manage finances or not.
Of these many factors, your habits and character are the contributing factors.
Here are 5 types of people who are not able to manage finances well. This discussion is an opportunity for you to improve yourself to be better than before.
5 Types of People Who Can’t Manage Finances
Likes to Procrastinate
The biggest mistake of financial management is the habit of procrastination. Let’s say you procrastinate on making a budget and try to find excuses not to do it.
Start setting goals today and take immediate action. Start setting a budget, opening a savings account, and getting into the habit of investing.
Refuse and Don’t Care
This type of person likes to deny that they have financial problems, likes to delay paying bills, has credit card debt and doesn’t try to pay it off, and has no financial responsibility towards themselves.
Show Type
People like this will always be obsessed with feeling superior to others financially. They will do anything to look bigger and richer than other people.
Starting from buying the latest smartphone , buying a luxury watch, buying a car, and so on. The wrong thing is that they fulfill all these things by way of debt.
Remember that showing off is a bad attitude that can destroy your finances. Even if you have a great career with a high salary, you will still have expenses that are greater than your income.
Do you want to do the above habits continuously?
Pessimistic People
Pessimistic people will always feel defeated before starting to do something.
They don’t want to start funding because they think they won’t be able to get a return, they don’t want to take risks because they’re afraid of failure, and they don’t try to ask for promotions because they feel certain to be rejected by their boss.
The solution to overcoming the problem of pessimism is to start building motivation slowly. Have the spirit to fight and start something and never be afraid to fail.
Less information
Those who are uninformed will never know how financial markets work, how to start funding, and how to manage finances well.
Lack of knowledge and information will cause them to potentially lose money in the future. This can happen because there is no capacity to manage finances properly.
Therefore, you must have the will to continue to learn and increase your financial knowledge. Never stop learning and keep reading books from the world’s leading financial experts.
If you already have a good financial foundation, then it’s time to apply it in real life. Start living a frugal life, running a budget, and getting used to investing.
As a first step, you can invest in KoinWorks which can start with a capital of only . With very minimal capital, the potential return that can be obtained reaches more than 21% per year. Interesting isn’t it?
KoinWorks also has a RoboLending feature that is able to automate your funding, and the interest is also predictable. Perfect for busy investors like you!
https://www.youtube.com/watch?v=ekyG8zseI9Q
Thus 5 types of people who are not able to manage finances well. If you belong to the type of person as exemplified above, then there is no need to worry.
There is still time and opportunity to learn to improve yourself to be even better than before.