WHY PEOPLE STRUGGLE FOR MONEY AFTER GeTING JOB

 WHY PEOPLE STRUGGLE FOR MONEY AFTER GeTING JOB

Hello, Namaskar, My name is Pritam. This article is written in a style that different ages get different points of view by reading this article.

Today I am going to tell you why we could not live our lives full of enjoyment due to lack of money, the pain of a mid-class family, the pain of every income person, and the head of every family feeling, but for that, we need to understand from the beginning.

 

      1. BEGINNING OF SPENDING

When I was a child, I did not know the value of money, I remember when I was crying for a toy in front of my father. He did not buy them. Instead, he brought me to a sweet shop and bought some sweets. He asked me to choose, but I was angry. He told me to select any of my choices, so I chose. Then he fed me, sweets.

and after he gave me a 50 Rs note and tell me to give it to the shopkeeper that was my first ever spending happen but I understand the value when one of my brothers show me marble and when I ask him to give me one he said I have bought it 7 marble at 1 RS than I ask him than what is the cost of marble he said in 1 Rs it is 7 but in 50 paise you can get 3. then I ask in 2 Rs how many marbles he said 15 again I ask in 3 Rs he said 21.

After that, I asked my mother to give me one rupee for buying a marble, but he refused. After two days of requesting, he gave me 1 rupee. Then I gave money to my brother, and he gave me seven marbles. This was my first purchase, and I learned the value of money. I play with the marble the whole day and enjoy it a lot with friends, but at the end of the day, I lose one marble. 

     2. SPENDING ON YOUTH

In childhood, we demand a lot from our parents. Some things get filled and some cannot be fulfilled, but as time goes by, our spending starts happening by asking for money. As childhood disappears and youth time rises, our demand style has changed from fearfully asking for money to now changing to our needs. We get angry by asking. We tell them how our friend is spending the money and he is getting nothing. Then parents try to give some amount, whichever they kept in savings without thinking about what happens next at the month's end. After getting money, I joyfully go out and spend that money.

    3. SOURCE OF SPENDING

My source of spending is my father. He does service for a company. My father has a single income stream. All the trouble and all the pain go through the income person's head. When I realize all those things, I just stop for a while and think. Just think about the person who gives you his part of the money and you are complaining. If I give you an example, if you buy a phone from a company and the company starts complaining that you are not giving the right value for the phone, you have to pay more.

Another example

You give your brother money, and he complains that you are not giving him money. I feel it is really painful.

So, when you are in adulthood, at least try to generate your pocket money by doing any work for which a little pain will bring relief from your parents.

   4. TRAP PATTERN

Whatever result we are getting in our life, we drive through a pattern and the result is very much dependent on the process we are following. If you are going through pain, Then you've fallen into a bad habit. Find out that pattern and replace it with a fruitful pattern.

But now the question arises of how we retrieve that pattern and implement a new pattern.

We have to follow some rules.

1. Write down whatever you do the whole day at night for 7 days.
2. After seven days, you have to observe what work is worthless and then plan to spend that time doing something worthwhile to increase your skills.
3. Start planning your day at night.
4. Do it for 22 days and some magic will happen.
5. Repeat the above rule until it happens automatically

As a financial way of living, after a person gets a job, we get the hand of money to spend. His whole life seems to be beautiful when he starts spending, but after 6 months of spending, he finds that the money is not enough to live with. It is because he adopted some lifestyle that drags money from his pocket. So he ran for more money without understanding the reality and the real meaning of money. When he got a salary hike, he thought that now would be a good time, but the reality is a little different.

So what is the right approach?

I do not know what is right and what is wrong, but I can tell you what I understand.

I believe we should spend money on different things, but we should keep track of all of that spending by writing. One small part of my income goes to an emergency fund for which I do not need a loan from anyone in an emergency.

After six months, you need to make a budget for your spending. Do you know why?

because you rely on your salary If it does not increase at the end of the month, if you spend more than your salary, if you still spend more than you earn, then you have to compromise your next month.

So, as a salaried person, you have to budget your spending. If you do not know how to make a budget, then just pull out your pen and paper and also bring out your last six months' spending details.

You have to plan your

1. RENT
2. Food 
3. Travel expenses

While budgeting, also looks at your six-month expense sheet. What are the most essential things on that list? You have to find out the important expenses according to it. You have to make a plan of spending, but before you go for budgeting, you have to save the emergency fund and investment fund first. Then do the budget.

The last thing you should be ready for is learning about and investing in different assets that generate cash flow.

Investing in the brain can give you the maximum return on investment.

4000 rupee cash flow is a system that you can read about by clicking

Tell me if it is good or bad or what can be improved. but it will generate cash flow for you.

I have been doing this for over two years and it has helped me a lot. I have started to save and my lifestyle has changed for the better. I used to think that if I had more money, I would be able to spend more, but now I know that is not true.

   5. LEARN, WORK, SLEEP, AND REPEAT

We learn more in school than in college from childhood, but we forget to learn about money management, selling products, and methods of earning money, and as a result, in adulthood, we only run for the sake of earning without understanding the value of money. Why is it necessary to earn money and how can we properly use it for our benefit?

When we are short on money or want to increase our salary, we believe that if we work hard enough, we will be able to achieve our goals.

If a person does hard work, he needs proper sleep, so as a result, he needs to sleep. This is the process where we can get the desired result, but what if he gets tired and repeats the process the whole of his life?

Money Life Money Life Money Life And Money Life

  6. COMPLEXITY

When money and life happen, we forget to live life. We think only money can fulfill our desires and must work hard for it. We do not think, besides anything, we do not understand that we also have a life to enjoy and we can achieve what we want to be, but it requires time, patience, and planning to achieve it. But as we are going through a lot of hard work, we do not stop to think about what is happening, whether it is good or bad. We get trapped in a bad pattern for which we have a lot of complexity. In life, you have to stop for some time to achieve something big, but make a plan and implement it. With a pen and paper, it has become very easy to know what to do next. Just sit and think about it. I know everybody can.

     7. ESCAPE PLAN

We are the most developed creatures on the planet, capable of accomplishing anything we set our minds to. So every time we get a new cash flow or stream of income, we can escape from the rat race, but we have to be aware of it. We have to think financially not only about this thing, but we also have to develop skills and expertise in it, in which we love to work. If it does not satisfy you, then upgrade your skills to earn more income. Then you have to invest in different assets to get cash flow. you have to invest in a seminar that teaches you the art of selling, the art of real estate investment, the art of tax planning, and how to generate cash flow, how to run small to big businesses otherwise You have to work until your cash flow pays you. That means, when your investments give you income as much as your salary, you should not stop investing in new ways of making money in your life. Remember if simply focus one day a week on financial independence, then you can escape from this race rat. 

 8. SUNSHINE'S KNOWLEDGE

At the start of the job, do not think about compounding, just think about cash flow, which means how to generate passive income.
Try to learn a new skill or upgrade your skills.
attend a new value additive seminar.
Get inspired by others but do not follow them.

Please write down why you want to do whatever you're doing and keep it somewhere you can read it when you're confused. 

Money really loses its value very fast, so the goal is to invest to beat inflation.

and

Observe to learn.

Thank you so much.