ARE YOU ON A FINANCIAL TREADMILL?

The Financial Treadmill
What desires control your income?

Our financial treadmill tends to accelerate when we make more money. That’s because we believe we deserve to spend money we earn on what we desire. After all, its your money!

When our income is proportional to our spending, our financial treadmill accelerates when we make more money. That’s because we believe we deserve to spend money we earn on what we desire. After all, it’s your money! This line of thought- “The more I make the more I can spend”, is part of a mindset that leads to scarcity.

  1. Set goals: being objective about your spending habits is an integral part of your wealth vision. Think about the financial position you will be in if you spend on a certain gratification now.
  2. Focus ; your financial goals can only be achieved once you set your thoughts and actions towards them. Do not succumb to envy. Your desires if left to control your financial decisions can entice you to the financial treadmill. Foster the self discipline to follow through with your goals and achieving your vision.
  3. Say No; this is the only way to learn how to deal with intense desires of spending that are unnecessary. This builds up to no. 3 (Focus).
  4. Be contented; satisfaction can only come from within. Make wise financial decisions and avoid living beyond your means. Contentment leads to sustainability and a healthier financial life.

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Financially Fit

Financially Fit

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Financially Fit is the global leader in personal wealth education offering personal finance education to individuals, families and businesses and nations.