You will lifelong be in debt if you make these 7 mistakes

Drowning in debt or living under debt is mindset. Today i will tell if you make these mistakes then you will lifelong in debt and also give you the solutions. In this i will talk nature or habits of us which keep us in debt.

1) Not Taking Responsibility

When you ask a person who is in debt then he will start blame everyone & everything and blame the situation but not ready to take responsibility he will say "|that partner did like this to me" or "he took my money" or "due to government policy" but guess what if you have made that debt then you are responsible for it but if you are not taking the responsibility until then you blame tell me how the change is possible. What thing you can control is you, your actions, yours decision if you today you accept that you are in debt then it's my responsibility. I have to do something from which I can get out it.

2) Lavish Lifestyle

When you are in debt or have to give money to someone but in that you feel i will live in big house only or still drive that lavish car or Travel or taking latest mobile or taking new clothes because of offer just because diwali is coming or Birthday is coming or anniversary is coming or going to restaurants or cafe with friends to enjoy. See This lavish lifestyle will never let get out of debt, you have to decide to minimize these things because you are in debt your number 1 focus should be on how to clear that debt. Temporarily you have leave this lifestyle or habits or bring in control.

3) No Money Management

The person who wants to get out of the debt he will manage single penny but many people who are in debt don't manage their money even through your parents or grandparents may give more than crore properties but if you don't learn to manage money then you will again fall in debt. What is money management? It is a combination of three things and that are Needs(50% ) which is important for our life like housing, foods, Bills, Transportation, Medical. Wants(30%) consider things like Clothing, Electronics, Restaurants, Vacation, Gym and last but not the least is Savings(20%) which consider Assets, Passive income, Retirement. when you are in debt then try to take fund from wants and savings pay the debt because you have focus on clearing the debt. So calculate the total income and expenses and remaining pay for the debt

4) Comfort Zone

If i say you are not willing to earn more then you will say"no man we are hardworking to earn more" but I am opposite of it Because i have seen people who are in debt are living in comfort zone like waking up late in morning doing the same old job and also in that no work or no extra work that they are full of laziness , Finding Excuses if you want to get out of debt do it even they victim mentality like why these all happens to me only like this

if you want to grow then follow this chart

When you come out of comfort zone their is fear which is excuse zone saying i don't know, I don't know this and and to pass this you have to learn about it which now you reach learning zone rather than excuse then you start to achieve growth where you have Goals, Long-Term vision and financial confidence which will lead to Growth

You have come out comfort zone and reach the zone of growth

5) No Goal

I have observed the person you have not planned to win then definitely he has made plan to fail the person who is in debt if he sets goals to buy car , house, place but before he has keep how to come out of debt. See without goals life is nothing . When you go to other place you have goal of which flight i would book, Which hotel i would book and so on.

Now we will make list to clear the debt :

Make a list o f all debt with interest rates.
Set specific goal of earning more(If you have debt of 60 Lakhs then you should think to earn 1.2 crore fastly within the deadline).
Decide the deadline of clearing the debt.
Design a payment plan( how to plan them monthly).

6) Anxiety & stress

When we have debt we start to overthink get stress and when you have first of all you will not clear the debt also when you take stress you:

mind will not function well

Not able to see opportunities

not able to take right decision

Safety mechanism leads more expenses(when we are in stress or fear we start spend money)

To manage it:

1)Be in present.
2)Meditate(to learn more about visit my blog:
https://www.shantraader.co.in/2022/10/meditation.html).
3)Believe in yourself & your god.

7) Not Investing In Financial Knowledge

In which school or college you are learnt to make money or where are you told where to invest or in which school they told how to do startup's what i am saying we don't get financial knowledge everywhere and that also not book's knowledge but practical knowledge we spend many rupees but we don't get Financial Knowledge in schools or college rarely we get. In life we have spend our time in some area to get Financial Knowledge. If you don't read books then Read books , if you don't attend seminars then attend it , Follow a successful person, make a role model and learn to make money

Follow all this steps and see the growth.

if you liked this then leave a comment and share with your friends

some knowledge able links:

meditation: https://www.shantraader.co.in/2022/10/meditation.html

ways to earn money money:

https://www.shantraader.co.in/2022/10/12-Ways-to-Make-Money-part%202.html

https://www.shantraader.co.in/2022/10/1Ways-to-make-moneyPART1.html

Best smartwatch:https://www.shantraader.co.in/2022/10/Best0-Smartwatch.html

Thank You