Most people are most concerned about their financial situation, followed by workplace concerns. (These two are closely linked, because if you do not depend on making sure you are paid at the beginning of next month, your work problems will be much less burdensome. If you live in financial security and financial freedom, you will not be interested in work problems more than the minimum necessary.)
I want to help you overcome the worry of material things in your life. Material life anxiety and stress is a dangerous killer, statistically demonstrating how people worry about money. I’ve written more about it here, along with a lot of survey data, and some tips on how you can make a difference.
From not letting your life take away debt to grouping your loans into important and less important loans, you decide that you will never borrow anymore to pay off an older loan so that your options are now and do not live according to your desires and the rest. Please read the article if you haven’t done so already. I would like to add more options to this.
The first step is to find out where you are now
Wherever you want to go, the first step in reading a map is to find out where you are right now. If you don’t even know where you are now, you’ll never get to where you want to be.
Therefore, assess your financial situation. Look at the asset page, which is what assets you have: home, car, valuable collections and everything that is marketable and, if needed, can be made, and the source page, which is what savings and various loans you have.
What was the end result? Are your assets positive or negative compared to your loans? How can you reduce the amount of loans, even at the cost of selling your assets, collections? Often, the solution to the credit trap that nobody wants to think about is having to let go of what you were worried about. Sell your home with too much credit, give up your car, and cash in on the expensive items you bought because of your hobby.
Name what is the main problem in your material life:
I earn little, spend too much, have too much faith, do not save enough. This way you will know what you need to fight. If you earn less, train yourself to be a better job or a more successful business. If you spend a lot, cut back your spending, even drastically. If you are worried about not saving enough, decide to increase the amount you spend every month from now on.
Set financial goals and think about how you can achieve them. Have short-term goals (pay off loans, enough for six months, etc.) and have medium to long term goals. (I collect for car exchange, home improvement and retirement.)
Most people will fail in their material lives because they do not control their material lives, but simply do so. The most important part of financial awareness is that every aspect of your finances is the result of a conscious decision, you make decisions about where you work, how much you earn, what you spend and what you do, not just drifting every day hoping to survive this month.