WHY MONEY-TENACITY IS THE WORST THING THAT CAN TRASH YOUR FINANCE?
It is good to have money because you can purchase many things with it. But, check once in a while about stuff that you cannot acquire with money. Have you ever performed this thing?
Most of the people become too obsessed with money. They put money on the topmost priority, and they can do anything to receive a significant amount. The main objective to earn money is to make life better and enjoyable.
If you believe the same words, then think again. If money is everything, then the world’s richest man “Warren Buffett” would never donate 99% of his wealth to charity. Now, you can see money is not the only thing that brings happiness in your life. It is a part of life.
Numerous people fail to understand it and then lead their life into the worst phase. It all happens because of “Money Tenacity”.
What is Money Tenacity?
It is a stage where people act as stubborn minded. It occurs when people become too obsessed with something. In this situation, money is that product that attracts the individuals. This may seem familiar, but it can severely affect your finance.
To get answer read the below-mentioned points.
Money Obstinacy: Bad For Your Money Life?
Money Tenacity or obstinacy can put bad impact on your finances in numerous ways. Let’s have a look at them.
- Lose The Focus On Money Management
When you become too attached to something, then it diverts to mind fast. It may seem irrelevant, but it has some significance. How you deal with the expenses with a certain amount shows your capability.
You earn £500 per month, which is an ordinary salary. You cannot expect anything to do big things. But, with proper management, you can easily save money and utilise it to make more. But, in the case of money tenacity, money management skills become worse.
It eventually ruins your money management skills, which is imperative in case of healthy money life.
- Make An Inefficient Financial Decision
Intention to earn too much money leads to several problems, like:
- Affect your personal life
- Does not provide other thing priority
And, the major one is the wrong money decision. A lot of people in the hope to boost their earning; they make choices that create a further problem.
Doing nine to five jobs has no value. You should leave the job and initiate your start-up. It must motivate you, and you leave your current employment to become “BILLIONAIRE”. But, without proper technique, and quick decision introduce loses.
However, you can manage losses to some extent with some prompt borrowing options, like loans without guarantor for unemployed people. But, it will not support you for a long time, all you need patience and planning; only then you can make firm financial decisions.
- Long Term Pain
It has been noticed that earning in a short period can offer you a long term pain. If you are correctly making money, and your growth is increasing (not rapidly), then you are going well.
Money tenacity or madness leads one to earn more and more money to fulfil the DESIRES. But the result is not good. And, the worst part is that it becomes a problem when you fail to achieve it. It may throw you in distress.
- Divert From Standard Lifestyle
When you overthink about money, then you lose the standard living. You will fail to recognise the basic things that can make you feel happy. You may hardly find time to enjoy with your close ones.
In case you earn money, and then you will never be able to get these days back. It shows that you have thrown yourself from a “QUALITY LIFE”.
Ways To Deal With Money Tenacity
With certain steps, you can overcome the money overthinking.
- Spend Time With Others
Earning money may separate you from others. To cope with it, you must find out the time to spend some memorable time with your family member or friends. It will help you to learn the importance of living, as well as finance.
- Not Too Hard With Finance
If you become too strict with your money spending, then it can create severe issues. So, try to flexible with, when you think that “it is necessary to purchase”, then go for it without thinking about your finance.
- Make Small Charity
This step will help you to understand that money is not a thing that can make you smile. It is children’s face that will make your life happy. So try it once in a month.
It is a detailed study of money tenacity. You can follow the steps to get rid of it. These small things will help you to understand the difference between “MONEY TENACITY” AND “MONEY NECESSITY”. Recognize it and apply it in your life.