Getting by month to month is a common struggle between Americans… And by common, I mean almost 75 percent of people live paycheck to paycheck with little to no breathing room. Do you ever wonder why is it that you work so hard to realize you still have no money? Take a look at the four reasons below; they may be the answer to why your money bank is dry…

Economic illiteracy

Most people are economically illiterate. People are going to college and don’t even understand basic economic terms. Economy is defined as household management or management of resources. Manage means to be in charge and succeed in surviving, especially against heavy odds. To manage your own economy means you have to create money by playing offense in the marketplace.

Financial apathy

People have become apathetic regarding their finances and quit looking at it. You can’t have money if you don’t pay attention to it. Admit to where you are financially and start paying attention to your money. Acting like there is no problem doesn’t make the problem go away, it makes it worse. My wife and I meet to discuss the topic of money every week regardless of our financial situation.

Entitlement issues

The unwillingness to do the jobs no one else wants is why people don’t have money. The entitlement problem is not just for the lower economic level, but hits all the way to the top.  Everyone wants to be the director, CEO, the manager, the writer — well, guess what? Someone has to do the selling.

The budget blockhead mindset

Spending all of your time trying to budget money is a way to guarantee you never have money. Your daddy told you, “A penny saved is a penny earned,” wrong, it’s just a penny. Having a budget blockhead mindset means you are playing defense, not offense.

 

 


 

 Check out this related article: The Best Piece of Money Advice From Someone Who Manages Multimillionaires Money

Original Source: 

http://www.entrepreneur.com/article/250212

About The Author

Texas raised with southern ways, transplanted into a San Diego, California daze! I have an itch for adventure and an undeniable want for leaps of faith! Looking for inspiration in each and every day and sharing a few Happy Healthy Wealthy Life Hacks I’ve found along the way :)

Haley Edwards-
Marketing Ninja-
The Ultimate Game of Life

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