Today, I want to tackle a critical topic that I see far too often: self-sabotage in our financial lives. Yes, it’s a thing, and it’s more common than you might think. I’m going to break down the top three ways people unknowingly sabotage their wealth…
“I don’t have time”
This is just procrastination in disguise. Wealthy people don’t procrastinate on their finances, and neither should you.
Managing your money effectively isn’t about having time; it’s about making time. It’s about prioritizing your financial health just as you would your doctor’s appointment or your full time job. Start by setting aside a specific time each week to review your finances, even if it’s just 20 minutes.
Personally, I like to sit with my finances over a cup of coffee on Saturday mornings. I pay my bills, make some money moves, and plan my investment and business strategies.
“I let people borrow my money”
Your friend needs a loan, your cousin is in a tight spot, and don’t even get me started on Tia Maria’s endless needs. Here’s the hard truth: your financial strength is not a community treasure chest.
While it’s noble to want to help, continually lending money can hinder your financial growth. It’s crucial to set boundaries. Your financial journey is yours alone, and it’s okay to say “no” when it comes to lending money, especially if it compromises your financial goals.
“I deserve a lifestyle of luxury…”
This mindset is a direct route to financial ruin. Living beyond your means to impress others is a dangerous game.
Focus on what matters to you, not on what you think will impress others. True wealth is about being comfortable and secure in your financial situation, not about outward appearances.
Overcoming these self-sabotaging habits is crucial for achieving financial freedom. It starts with being honest with yourself and making changes that align with your long-term financial goals. Remember, wealth isn’t just about how much money you have; it’s about how you manage it.
If you’re ready to work towards breaking these cycles and taking control of your financial future, let’s talk. We can build a plan that works for you and sets you on the path to true financial independence.
You can contact me by clicking my name: Scarlette Joyce Rojas
* The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Investing includes risks, including fluctuating prices and loss of principal. No strategy assures success or protects against loss.