Ngundi wrote:1. Lack of self discipline - Self-discipline is the power to take control of your ideas and actions with a view of achieving personal growth and development. Lack of self discipline therefore snatches the control aspect from you which makes it practically hard for you to achieve personal growth or development which includes financial success.
2. Debts - There are good debts and bad debts. Good debt enables you to acquire investments that return profits which are used to repay the same debts and acquire more and bigger investments. Bad debt goes down the drain the moment you spend it. All consumer loans are bad debts.
3. Procrastination - Procrastination is the practice of putting off impending tasks to a later time, sometimes to the last minute before a deadline. Majority of us miss out on great investment opportunities on the excuse that they don’t have enough capital or they will take up the next investment that comes by.
4. Lack of purpose – Purpose is what a person was created to do on earth. A person without purpose is like a ship without a rudder – he has no sense of direction and will be blown astray by any wind. With a clear cut purpose, a person will be able to align financial goals to her purpose and achieve great success while implementing those goals.
You are the one success wants. Jump in it!
Are these your thoughts or is it C&P?
I would have loved to see this on your list:
i)Pay yourself first
ii)Have a budget
iii)Spend less than what you earn.