WalletFriend Wisdom Tip #12: How To Overcome Challenges

Welcome, we are back again with a new financial tip! This week’s tip is about overcoming financial challenges in life.

Robert Kiyosaki says that there are 5 things in life that are holding you back to become successful in growing your finances: fear, cynicism, laziness, bad habits and arrogance.

Fear means the thought of losing your money. Still, there is not a single person poor or rich who hasn’t lost money. Fear is always logical when something includes money and taking risks. It’s important that you get inspired by your failures instead of being disappointed by them, see it as a lesson instead of something negative.

Cynicism, is similar to fear, this keeps you from having the confidence of moving forward, it’s a misbelief. Cynicism will stop you from moving forward, it will hold you back. It’s important that you learn the difference between a concern and a fear. Trust your own knowledge and don’t let anyone speak for you.

When you think of laziness you might think of someone who lies on the couch all day watching series. What we mean with laziness here is: being lazy by keeping yourself busy. Think of what you are really busy with and if you aren’t using this as an excuse to do something important.

Bad habits are the biggest things holding you back, because they’re hard to break. As explained in Wisdom Tip #7 it’s important to pay yourself first. In this way, you are forced to find different and creative ways to make additional income to pay your bills. You get motivated by the pressure but it’s not at the expense of yourself.

The last obstacle is arrogance. There are many people who try to cover up when they don’t know something by acting overconfident, to hide that they don’t know what they’re doing. It’s better to admit this than to blame other people for your own failures.

We hope this tip gave you some help in overcoming obstacles in life. Stay tuned for upcoming tips!