Ask Leo: What are the Habits to avoid and stick with to maintain financial stability?
Our habits play a major role towards attaining financial freedom and maintaining financial stability and that's why we have stick to those habits that has been our driving force towards our success. The reason why some people couldn't attain financial goals can sometimes be related to their habits and that's why we have to look in to those habits and work on ourselves.
Our habits can be related to our mindset and our mindset is very essential towards attaining success. To maintain our our financial stability then we have to look beyond ourselves. I believe our mindset can be classified in two categories which are the poor mindset and the rich mindset.
Poor mindset is a weak mindset which lack a real drive and someone with such mindset easily give up even before trying. And the rich mindset can related to a strong believe that one can do it or accomplished any kind of mission no matter how the situation maybe. And those are the habits rich people involved themselves with and will never tell us unless we follow the same approach.
Here are some of the habits we should stick with and avoid towards maintaining financial stability
The first habit we should do away with is procrastination.Procrastination is the act of delaying or postponing something despite knowing that there will be negative outcome for doing so. When we leave what we supposed to do today for tomorrow then that's means means we're really cutting ourselves out.
The second habits we should avoid is using our money to show off. In the process of doing this we begin to spend lavishly more than what earn which can bring negative outcome in the long run.
Centering our attention towards passive income is very important in maintaining financial stability. It is best to put our money working for us while sleeping if we don't want to keep working for the rest of our life.
The last habits we should keep practicing is by keep winning in private because not everyone is happy with what we are doing and some may even be an enemy of progress.
According to Brian Tracy "Successful people are those with Successful habits".
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Using money to show off in my opinion is done by people who have weak mindset. They are trying too hard to impress because the are probably afraid they will lose the money and no one will ever hear of them.
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Exactly, but they forget that once they finished their lavishly life, small or no one will remember their names, even if they do it will be on the negative terms
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That's something they seem not to remember. May the Almighty have mercy on them. 😩