Monday, March 16, 2020

Why 97% of people always have financial struggle

Many people are working hard to get enough rest, but only for the purpose of finding money to provide for their living. But despite some of their efforts, they are still struggling financially. For example, 97% of people have financial problems, while only 3% are financially successful.

All this thing, we show the reason that many people face a financial crisis whose causes include the following:

1/ Think the money is not important


When you think money is not important, the money will not stay with you. Of course, money helps us a lot in everyday life, such as taking care of our families, making our lives better and easier. For example, money is your spouse when you say you are not important to me, obviously, they will not be close to you anymore. So money is the same.

2/ The school doesn’t teach about money


When you go to school, you learn the basics of any profession, but the school doesn't teach the basics of money. The school is systematically designed for the residents and works for the rest of their lives. This is why most people find it difficult to get better financially.

3/ Parent don’t teach their child about money and make money


97% of people don't teach about money and how to make money, unless you were born into a wealthy family or a business family, you will learn about money and how it works. Therefore, you are entering data and different beliefs because your parents do not have the right beliefs and give you good ideas to teach you.


4/ you are not taught to make money apart from working for them


When you are a teenager, you want to earn money, buy things, or get a new phone, the advice you get is to get a job. How do you make money by finding a job? Money doesn't just come from work. The formula is money that comes from the creation or production of a product or market value. For example, you sell a product, idea, or skill to a market or other person who needs it instead of just investing your time in money.


5/ The media and advertisers want you to buy


Why do they want you to buy more? When you go to the market or downtown, you often see flyers around you no matter where you go. The ads are intended to get you money out of your pocket. Not only do many media teach you how to spend money, if you have no money, but they can also lend you more. For example, if you want a new car, motorcycle, new phone or home, you can make a down payment. As you pay more and more, you will be controlled by the media from the microfinance institution or bank, you must always make money.


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