FINTEL Frank Talk – Day 2 of 10



Yesterday, I talked about why you need to take charge of your life – because you only have yourself to blame. If you are holding back from implementing this, then something or some things must be keeping you. I am going to highlight most of those hindrances today and how you can overcome them.

Now, there are few things that hold you back from taking responsibility for your financial life as your EXCUSES.

Robert Kiyosaki remarked that “Excuses cost a dime and that’s why the poor could afford a lot of it.” When your excuses are more powerful than your dreams, your life is headed for a disaster.

Successful people know that they are responsible for their financial life no matter their starting point, weaknesses and past failures.

It is true that realizing that you are responsible for the next thing that happens in your life can be both exciting and frightening. This explains why many people rather choose to make excuses as justification for their unwillingness to take charge of their finances.

Whatever your excuses are, they are irrelevant as far as your future is concerned. Most are empty and baseless.

Why? Because you definitely deserve more out of life. You deserve to be happy. You deserve to be financially independent. When you give excuses, you limit yourself from growing personally, professionally and financially.

What are the most common excuses people give that are causing them to struggle with their finances?

(1.) “I don’t have time”:

Time is an invaluable resource that is synonymous to money.
There are 24 hours and 86,400 seconds in a day. Your daily productivity and eventually, your wealth is going to be determined by how you spend every one of those seconds.

Bill Gates, the richest man on earth has the same number of 24 hours in a day as the poorest man in the ghetto. This is to show you that there is no legitimate reason to use lack of time as an excuse to remain financially stagnant.

You may say that you don’t have time because you are “too busy at work”. But come to think of it, you are busy for a boss, building his empire. What about your life? What is your plan for retirement or if you get sacked for any reason?

Rich Dad said, “Today, I often meet people who are too busy to take care of their wealth. And there are people too busy to take care of their health. The cause is the same. They’re busy, and they stay busy as a way of avoiding something they do not want to face.”

When you say you don’t have time to care for your finance, what you are really saying is, “I won’t make time for it now”. That statement undermines your efforts to create wealth because you have prioritized improving your finances below other things that you do make time for.

There is always enough time for the things that are important to you. You just have to create it.

(2.) “I don’t have money”:

When I was active in Multilevel Marketing, one of the major excuses people made was that they don’t have enough money to get started. I have discovered that people also make this excuse for many other opportunities in investment and personal development.

You see people saying that they don’t have the money to buy a book, an online course or pay for a seminar that has the potential of placing them on the path to financial freedom.

As plausible as this excuse may seem, the reality is that, if you took a closer look at your finances/budget, you’ll discover that in a month, you spend far more than the cost of that investment on irrelevant things or liabilities that will not make you any richer. By making some little adjustments, you will be able to squeeze enough money to invest.

It is a matter of priority. If you are convinced about the potential returns of an investment or a self-development program, nothing should stop you from going all in for it even if it means selling your stuff or going to borrow. After all you have been borrowing for other things in the past that never put money in your pocket.

I am sure you are familiar with that biblical parable that likens the Kingdom of Heaven to a merchant man seeking goodly pearls. Who, when he had found one pearl of great price, went and sold all that he had and bought it. You should approach your finances with that mindset too.

Not having any money is not an excuse for not growing smarter, thinking bigger, and becoming richer.

(3.) “I don’t have connection”:

This excuse is very prevalent in this part of the world where bribery and corruption is the order of the day, especially in the civil service.

People have come to associate a high-paying job or great wealth with a person’s ability to know the “who is who” in high places.

While this may be true, it is left for you to decide if it is going to cause you to jettison your dreams.

If you know your worth and you have built you skill and expertise to a high degree, you don’t need any connection to get noticed. What you need is networking and a platform for exposure.

In this information age, there are many avenues to create exposure for yourself and make money without pulling strings. Time will fail me to go into each and every one of them.

Just know that, “I don’t have anybody” is a dumb excuse to make when it comes to wealth creation.

(4.) “Investment is risky”:

If you ask many people what is keeping them from taking advantage of wealth creation opportunities, they’ll tell you that investment is risky and that they don’t want to lose their hard-earned money.

Really… investment is risky? But tell me, what on earth isn’t?

Getting married is risky, so is staying single. Getting a job is risky, so is getting sacked. Meeting new people is as risky as staying isolated. Taking advantage of an opportunity is risky, so is rejecting it because of doubt. Everything in life is risky that nobody has the chance to get out alive.

If you think investing is too risky, then wait until you are handed the bill for not investing and you find it difficult to make ends meet.

My mentor opined that the real risk lies in the investor, not the investment. If you are not financially literate, then even a good opportunity will turn out to be a disaster for you. To minimize the consequences of this excuse, be financially intelligent.

In summary, if you look carefully, you’ll discover that most of these excuses are deeply rooted in people’s beliefs and views about life. Therefore, we are going to concentrate on these beliefs tomorrow.

There are tens of other excuses that people are using to sabotage their own finances but I have chosen to highlight these four. From today’s talk, you can see how empty and useless every one of them is.

What other excuses do you know of or have you been making that are making you struggle with your finances? Drop them in the comments below let’s trash them together.

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