5 Financial Traps You Should Avoid In Your 30s

5 Financial Traps You Should Avoid In Your 30s
5 Financial Traps You Should Avoid In Your 30s

Introduction Of 5 Financial Traps You Should Avoid In Your 30s

5 Financial Traps You Should Avoid In Your 30s. How they are going to perceive other people what the coworkers are going to think neighbors the boss people who probably don’t care what shopping carts and what color it is and what style it is and also even suddenly end up being a bit victim to the tactics of the dealerships to sell options or features that ultimately end being irrelevant so you have to know that this is a decision that matured big and is a significant monetary commitment I shouldn’t fall in the trap of acquiring a car that fits you get out sorry of my budget if I did not want to take into account that if it is financed.

The trap of acquiring a car that fits you get out sorry of my budget

I hope that no then at least take into account the formula that I explained in an article above but that preferably I should do my best to save the money to pay it in cash and avoid that, therefore, a supposed asset that in, In reality, it will depreciate and generate expenses, apart from everything, I get more costs and out of their budget I am out of budget and I cannot cover trap number 2 is very similar to the previous one but perhaps and it is where many people disagree and are buying a house for out of your budget because many people think that any house is an asset is a great investment is an excellent opportunity to grow your assets and therefore practically at the moment.

When they find a house they fall in love with without consciously analyzing and suddenly technically the conditions of the houses and others because probably feel good to think by visualizing yourself living in it especially if it is a large and comfortable house well located and as always They have said that a house is the best thing we can buy in life. the main purchase that we are going to make throughout the entire our life but many people who end up squeezing and borrowing too much from the bank to end up paying very high fees that do not would be compared to rent even sometimes paying more in interest monthly that.

A house for example of 100,000 dollars and at 5 years at 10 years

What rent would cost both expenses totally lost and thrown away practically in the trash and finally to an asset that is not always going to be valued because many times people do not you know is that if you buy a house for example of 100,000 dollars and at 5 years at 10 years they sell it for 130 thousand in 140 thousand dollars says in the house they appreciated but if we compare that with inflation, the house probably does not valued but was left at zero or is suddenly lost a little bit of value that depends on the sector if the sector is booming and there is good growth potential important buildings are being built whatever was going to see valuation they will also charge you in the form of taxes and others but you have to think very well that a house making such a purchase huge even much larger in amount than.

That of a car because it must also be a very consciously planned thing and one of the traps that people fall especially near their 30s we speak from 25 to 35 probably were perhaps many begin to pose this idea because here where they are going to acquire an obligation even for 20 or up to 30 years in certain countries so it’s worth thinking I plan to make a article specifically comparing two scenarios, one for renting and the other for buying, whereby renting you can make money grow much more if you are interested, tell me the comments if I soon make trap number three is to conceive you a partner that will come out expensive as funny as a couple may sound can be very conscious saver with money.

A financially smart money

That you don’t waste on things unnecessary or it may be that you like the luxuries the tastes that you do not care be spending all the time, the safest thing is that regardless of whether the two have income that each has as relatively the control of your finances that one ends up influencing the other because if you are a financially smart money conscious person who knows it manage that you know to manage that you have savings that you have investments and others and consider that you can positively influence the financial life of the other person is fine or if the other person in some way or another is already good with money.

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That will empower you and it will boost you even more towards success but if that person really has a strong and negative character and concerning money practically the safest thing is then it becomes a problem and in fact, money problems are very common one of the main reasons for breakups in a couple because Of course it is never easy to identify these traits before committing to a person but that is why suddenly before marriage there is a period of adaptation of knowledge understanding of coexistence in which one suddenly says ok I’m ready to commit my financial part should be critical even.

If everything else is fine trap number 4 is spending too much money eating out in restaurants or cafes or places sell things like ice cream and so basically the 2020 pandemic has us taught that practically everything can be done at home more economically we can buy certain products in the supermarket and you have to understand that restaurants cafeterias have profitability of 50 percent sometimes even more and now with mandatory security measures imposed by governments where they have to assume more costs including those of homes because this is where these products go to be even more expensive and I can prepare many of them at least the vast majority of days and not be spending every day.

It saves me such significant money

At homes and in orders I assure is that it saves me such significant money that has a positive impact on my finances but many people especially young people are addicted to ordering food all the time and never preparing at home is not bad of course occasionally ordering a pizza ordering a lunch I have been very busy especially if it is for reasons of work or something else like that is perfect and I personally occasionally I do it two-three times a month maybe there are people who they spend up to 30% of their income on this alone and it’s not worth it the penalty and trap number 5 is to borrow with credit cards to absolutely unnecessary things buy an iphone at 24 installments with a credit card credit at.

The most expensive interest rate available simply so that to have the latest technology is supposed and then of those two years or 24 months paying on credit, the phone is already obsolete and to sell it to exchange it for another and this mentality that things do not serve and you have to be constantly replacing them or you have to have last and that means getting into debt if you don’t have to buy out of the box a study team should think of something more economical.

It is going out of your budget and Credit cards

Because it is going out of your budget and Credit cards are used for many things and are paid in a fee but carry interest at the maximum interest rate that exists not makes sense and is a total trap in which especially many people young people fall and then end up unable to pay reported in data credit hating credit card banks just because of that ignorance of not knowing how to handle an excellent product like this to leverage to grow instead of to spend and to lose many of these ideas we can implement them at practically any age and the idea is that you simply go on acquiring your criteria so that you can identify which are possible traps which decisions I really should take to improve and grow what things bring me closer to my ideal life to abundance that.

I want to create on the path of freedom financial plan that I want to achieve assuming that is my goal and what things like that before taking me away from that if I develop that criterion and I can forge in my mind a strategy a structure to take Those decisions I truly have what it takes to grow and pain and achieving true success becomes just a matter of when not say whether or not you will be able to achieve it and if you are interested in financial education I tell you that you can go even deeper into these topics and many others in my training money and abundance really with me I would love to have you tell you that this is a training in which we speak from the mentality of subconscious patterns that associate or implanted from children and prevent us from identifying and taking advantage of opportunities.