5 Worst Financial Lies People Say To Themselves
2. I can control my expenses
This is yet another and common lie that people tell themselves. It’s easy to say but very hard to control your expenses. Yes it’s true that we don’t get much in hand after contributing towards retirement savings and other p portfolios. But even if we are left with few bucks we tend to overspend by using our credit cards. The best way to reduce our expenses is to prioritise our expenses and allot money for those fixed expenses. Try to swipe your debit card for variable expenses like eating out, entertainment and vacations so that that you have more control over your expenses and will not tend to overspend.
3. I don’t need an investment to live in future
Most often people are scared of investing and thus to convince themselves they lie that they don’t need any money from investments to live a tension free life in future. But you should know one thing that investments are additional income to your wealth. Investment’s terms and conditions look scary, but if it will fetch you good returns when you are retired, then it is worth reading on investments. But before investing please make sure that you research about the investment option thoroughly. So stop lying and start investing and secure your future financially.
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