THE CIRCLE OF FINANCIAL REDUNDANCY

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I was looking for a perfect title to give this write-up but I just couldn't get anyone but this "the circle of financial redundancy". In simple English redundancy means needless repetition of something, an excess of a thing. As we all know a circle means an orbit that never ends

In simple words, I will say " the circle of financial redundancy" is a needless and excessive repetition of one's financial predicament/crisis. I was discussing with a friend a week ago and he told me to lend him $15, this is someone that made over 200$ a month back and the funny thing is that he is still a dependant and doesn't have a family to take care of or anything serious to do with money right now.
When I asked him what happened to the money he made a month back, he wasn't able to say a concrete thing he spends the money on. Something I notice in this my friend is that he is financially capacitated today and tomorrow he is broke and this kind of circle of being rich today and broke tomorrow isn't just limited to this friend of mine. Many individuals in today's world are found in this "circle of financial redundancy".

One of the major reasons for financial redundancy is only thinking o today and not tomorrow. Anybody who is aiming success ought to start planning for the bright future he/she wants today and not later/tomorrow. For time waits for no one so we should try to make use of the little time we do have and I believe everyone wants a bright future financially.

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How To Defeat The Circle Of Financial Redundancy

In defeating the circle, you got to be determined and remain focus. The first step to take is cut off excessive spendings. If you are someone that believes you are not rich until you spend enough on yourself then you got to change your mentality. Yeah, it's good to spend money on oneself but in so doing one should know that there should be a limit of spending in order to avoid bankruptcy. You got to invest more and spend less, for your investment will speak for you in the future

If you are a monthly earner you need to get a side hustle. I have observed that most monthly income earners normally exhausts their income before/ at the month ending and so the circle continues. In aiming financial freedom, a monthly earner ought to have a fall back in investment or maybe a second job because depending on only a monthly salary doesn't encourage financial growth

Planning a budget is also a good way of getting from this circle. Put all your needs in the budget and try to keep to it through this way you will surely avoid spending unnecessary.

I hope this helps someone out there currently experiencing the circle financial redundancy. Thank you for reading.

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