Being a little richer in theory is not complicated. Just learn to spend less, and if not enough learning to earn some extra money. But we are not entirely rational beings, and we have to deal with our emotions and predispositions. Let?s talk about which would be the 7 major sins to a person seeking to improve their personal finances.
Lust
No need to think about sex. In personal finance, fantasizing about what you would do with more money, about what you could buy, and imagine rich is a form of lust. Do not waste time dreaming about how nice it would have more money. Leave that to those who waste your money playing the Euro Millions.
Gluttony
This is what happens when you get things too rushed. Those yearning for success can lead you to risk too much, for example by choosing investments with high returns (i.e., high risk), or putting up too much of your personal savings to invest with leverage strong.
Avarice
Money is not everything in life. Spend the savings, just think about which will be your next move to get some benefit not going to make you happier.
Laziness
Decisions put off until tomorrow that could be taken today to improve your economy (especially cut costs or find a new job), or dedicate yourself to doing only the part you like about the difficult things are significant risks. It is also a form of laziness think you can pay tomorrow what you cannot today and use credit.
Anger
Being angry is often the emotional response to the frustration of not getting what you want at any given time. Altered but no use at all, better relax, analyze what you did wrong and correct.
Envy
Envy and the need to show others an image of social success lead to catastrophes in personal finance. Focus on you, who you are and who you want to be. Define your goals in life and forget what you may think of others.
Pride
Never believe you?re right in everything. Good results have been achieved so far do not mean that you are going to get in the future. One thing is confidence in yourself (essential) and quite another pride. Listen to the opinions of others and learn. Humility often can save you a very wrong decision.
These are the 7 deadly sins for the investor who seeks to improve their personal financial situation. There is certainly more dangerous, but if you can hold off these temptations, you have a good chance of getting your financial goals.
Source: http://finance4founders.com/the-7-deadly-sins-of-personal-finance.html
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