Progress is impossible without change, and those who cannot change their minds cannot change anything.
George Bernard Shaw
“Change is coming”, a very popular motto during the election. One question, how can a spectator influence the game he’s watching? The only way for a spectator to change or influence a game he is watching is by participating in the game. The same goes with your personal finances. If you will just watch the rich people become richer, then nothing will change in your own personal life. Stop watching, whining, crying, complaining and start participating!
Now, I want you to realize that rich people become richer by grabbing opportunities in front of them. On the other hand, poor people stay the same because they think they “want” change but the truth is, they are afraid of it. That’s why they always play the “give the best excuse” game.
Let me share with you the top 5 excuses that I’m always getting from people who are too afraid of positive financial change. Please excuse my “in your face” approach today. As you already know, I’m the kind of writer who loves to motivate people in a positive way. But today, allow me to be brutally honest.
“I have lots of expenses”
I get this a lot when I try to sell life insurance to people who have mouths to feed. They think that life insurance is a “burden”. They fail to realize that if they run out of time and they die today, those expenses will be a real burden to their loved ones.
These people don’t realize that by removing some non-essential expenses on their budget, they will be able to set aside enough for life insurance, savings, and even cash-generating investments. They would rather choose to pass those “expenses” to their loved ones instead of leaving a decent amount of money when they run out of time.
“I’m too young for that”
Investing is like planting trees. If you want to see a tree 20 years from now, the best time to plant that tree is today. Investing and growing your money takes time. Sad to say, Filipinos love everything instantly. That’s why people with this kind of mentality will never be fit to invest.
If you truly want to experience a positive financial change, start today. Stop giving excuses!
“I’ll analyze your proposal first”
Yes, there are a lot of people who “study” a 10-page proposal for a month. I don’t know if they are just slow readers, or they are doing a bunch of research and technical or fundamental analysis. But seriously, how long will it take for an average person to figure out everything that he needs to know on a 10-page proposal?
Maybe, the real reason why there are people who give this lame excuse is because they don’t have the investible funds needed for investments and they are just too lazy or ashamed of admitting it.
“I don’t have money”
Another example of a lame excuse. If you don’t have money, I wonder why you are still alive today. This world uses and requires money on almost everything. Now, if honesty is truly the best policy in this world, then you have money. You just don’t prioritize saving and investing and you are just ashamed of admitting it. Everyone has money, even the beggar on the street have some.
Yes, they are busy wasting valuable time and precious money on things that they think are adding value in their lives. Or they are too busy wasting valuable time and precious money impressing the surrounding people. Guess what? We are not impressed because we know that sooner or later, you won’t be able to sustain that kind of lifestyle. Now, can we, the financial advisors of the world, take some of your precious time?
Remember, you are not saying “no” or giving excuses to us financial advisors. You are saying “no” and giving an excuse to yourself, to your children, to your family, to your loved ones, to your dreams, to your goals, to your future.
Now, will you stop giving excuses and start facing your future? It doesn’t need to be hard or expensive. Allow me to help!
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