Financial motivation - the road to success.
1)Don't start anything if you are not motivated to do it.
Don't start because if you don't have the desire or motivation, you will be doing it wrong.
You won't put effort into something you don't care about, it's normal almost everyone does.
Find motivations, e.g. if I hold on to or invest money, I can buy an even better car.
And so try to set yourself goals for something so that you always have your finances under control, and that your budget doesn't have you under control.
2)Think through your goals - what you want to spend on, what you want to save for, don't make rash decisions, your budget suffers.
It is important to think about the reasons why you need something and what the benefits as well as the consequences might be before buying it.
If you want to buy yourself an expensive watch, for example, but you know that this will result in a strong decrease in your household budget, you should know that this is a bad choice.
But how do you buy that watch right?
Allocate yourself e.g. $100 per month to set aside funds, or if you have the knowledge to do so, try to put that $100 every month in a relatively safe way e.g. in a staking or savings account, or even invest in cryptocurrencies.
Assuming the watch costs $1000, let's assume that the annual staking rate is 15% so you don't have to wait 10 months, but already 8 months for example.
3)Don't spend immediately -Financial motivation is not just about achieving short-term goals. It's important to remember the long-term benefits of managing your finances wisely. Every dollar set aside today is a step towards a peaceful and secure future.
- Reward yourself with little things for meeting a specific goal Achieving small milestones deserves a reward. Not only will this give you extra motivation to keep going, but you will also feel that your efforts are appreciated.
E.g. when you have raised money for a car, and you have a few pennies left over from what you have raised, make yourself an extra reward and buy, for example, better tyres for your car,
(Think realistically)
Big financial goals can be overwhelming, so it's important to break them down into smaller, more achievable steps. This will allow you to celebrate small successes along the way, which will further increase your motivation.
Example - If your goal is to save $10,000 in a year, set yourself a goal of putting away $1,000 a month. Every month that you manage to reach this goal will be a small victory on the way to your main goal.