The same impact with or without money

[Starmix]

Too much worries, anxiety, and fear of some unknowns are the inevitable sources if you're in financial distress. Its impact might lead to feeling hopeless and useless. However, based from financial experts it's observed that once the person is financially elevated, he tends to forget his financial struggles in the past, hence, spending the money he earns is just a piece of cake to him. In short, he never cares about his past experience that seems like neglected. The lackness of his financial orientation awareness, and extravagance pushes him back to his old financial self struggling for money. Now that he has money he forgets to save and he lives in extravagance leading him to go broke, he's not yet a regular employee so anytime he could be kicked out. That was what had happened to my distant neigbor. He got back to his old self broke.

 

[Augusta]

Yes if you don't plan and save for the future you would always go broke. We just have to stop that to remain financially stable

 

[Starmix]

My neighbor started to worry much this time. He has unpaid debts. He never learned a lesson instead of saving, he was spending nonestop. It so happened that he was retrenced from work. Hoping, he would change his attitude.

 

[Springtime]

Yes, even if you get rich and have lots of money, you still need to manage and invest your money wisely. Otherwise, you will lose all your money someday.

 

[eLdavis]

This is one common mistakes most people make, the money they have money, they tend to forget all what their previous experience taught them.

 

[Starmix]

I'm also wondering why are there people who can't remember their financial struggles once they already have sources for money, They become idiots. Once they get back to their previous lives that's the time to feel remorseful.

 

[King Belieal]

Anyone that knows how difficult it is to make money would never squander anyhow on frivolities. Certainly not me.

 

[Augusta]

Without savings you Panic during a financial emergency. Go into debt. and unprepared for major life changes.

 

[Starmix]

It is important for the person to avoid too much spending, avoid going to shops to buy things not needed to avoid financial distress.

 

[freelancermaria]

It is essential to avoid overspending and to live within your means, especially if your earnings are limited. Saving and investing can help prevent financial hardship, and practicing self-discipline is vital.

 

[Starmix]

The finances of the person will never go up if he doesn't know how to save and give value to the money he has sacrificed to earn.