I want, I want, I want! Sounds like something you'd here a 5 year old screaming throughout a toy store. Well, those 5 year olds are now 25+ still screaming, "I want, I want, I want!" Now instead of Tonka trucks, baby dolls, and video games, they're screaming for cars, computers, and houses.
There's nothing wrong with wanting, for it ignites drive, determination, and motivation. The issue lies in the inability to patiently wait for what you want. Children are impulsive, so when they want something they want it NOW! As we grow and mature that impulsiveness is controlled, to an extent. Sometime in adults that impulsiveness manifests itself in the overly extended, ever growing, limit exceeding consumer debt. Today so many people are stressed, stuck, and unhappy due to the debts they've incurred buying "stuff", stuff they could've purchased in time without the incurred debt. How many of your coworkers, peers, friends, and family members are stuck in jobs they don't want because of debt?
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There's nothing wrong with wanting, for it ignites drive, determination, and motivation. The issue lies in the inability to patiently wait for what you want. Children are impulsive, so when they want something they want it NOW! As we grow and mature that impulsiveness is controlled, to an extent. Sometime in adults that impulsiveness manifests itself in the overly extended, ever growing, limit exceeding consumer debt. Today so many people are stressed, stuck, and unhappy due to the debts they've incurred buying "stuff", stuff they could've purchased in time without the incurred debt. How many of your coworkers, peers, friends, and family members are stuck in jobs they don't want because of debt?
Tips to Avoid the Debt Trap
- Avoid emotionally driven impulse spending.
- Appreciate what you have today.
- Understand that it's the job of marketers and advertisers to leave you feeling inadequate without their product, trust me you don't need it!
- Begin using a cash based budget.
- Don't accrue anymore debt.
- Don't fall in the trap of spending money in order to save money!
- Seek fulfillment and wholeness outside of material possessions. 1 pair, yet another 20 pair will be enough to make you feel whole inside.
- Determine a want vs. need.
- Set goals for your finances.