My story is not a bragging right to share but perhaps it will inspire those who experienced and still experiencing lack in life.
I could not imagine the feeling of going to my destinations empty-handed. All I could do was to make another “poker-face” and I would often pray that the driver would give me a chance to sneak-out…If I was caught that time, my life would surely be in jeopardy. Many times I had to walk long distance to reach places and had to live with 10 people in one small room…
I dread those days! Looking back, I promise myself not to go back to that life, AGAIN!That was like a bad dream…
Finally, I’ve found a way-out and I was able to escape! I learned that being broke does not just happen overnight! It is a process and for us to escape it, is to really change our lifestyle and fill in the loopholes. It’s even so ironic that people who are broke today, don’t have any idea how they got there.
Money Mistake #1: I did not save earlier.
Money Mistake #2: Unnecessary Spending.
A little ticket in the cinema, a little amount for an expensive coffee, and few beers can sum-up to a big amount. I was a movie person and part of treating myself was to always go to the cinema every weekend. I love the sounds, the screen, the place! When I was in the mall, the door of the cinema was always calling me, “Hey Arnel, get inside”! Little did I know that it was already part of my destructive spending. Earning money takes 15 days but to spend it will only take few minutes.
I identified “NEEDS’ VS. “WANTS” then I categorized them. ”Needs” most of the times are all followed urgently and “Wants” are all validated and given a timeline. When I got into investing, my saving habit orchestrated with it. I have something to look forward to. So the more I saved, the more I have the opportunity to invest. That excites me! I suggest you start investing the time that you start saving because the two goes hand in hand!
Money Mistake #3: I was a One Day-Millionaire.
After a year, I forcibly-sold it with very low price because I had to pay other debts. It piled-up and did not happen just once. It became a bad habit and resulted to chain-reactions.
Money Mistake #4: I couldn’t refuse Borrowers.
I decided to refuse borrowers especially if I am on a tight budget and at the same time I also made a commitment not to borrow if not necessary. Now, I am setting aside some extra amount for things like this for somebody who will borrow (for situations like emergencies). It is nice to help someone without thinking of when he/she will return it because those are only extra money.
Money Mistake#5: Poverty-Mindset.
I sought mentors and engaged myself with fellow investors. I found out through personal finance seminars that poverty starts from the mindset, so me being broke was just a limitation I put to myself. So things have changed since then. My entire character was transformed. I always believe that being in a very supportive small group helps me changed my perceptions from the inside-out.
I engaged myself in both Financial and Christian community. My Victory Christian Fellowship ( VCF ) family and churchmates are always there to guide me and opened doors for me to have a harmonious growth in all aspects as I’m working on my real purpose which is to always bring back God’s glory.
Are you financially broke today? Message me for a free consultation!