majority of the challenges encountered all over the world has been attributed to money problems; the present underdevelopment in Africa, majority of broken marriages all over the world and crimes that are committed have all being influenced by the lack of money.
A wise man once said;
The love of money is not the root of evil, but the lack of it.
When money is needed and is not found, it can put a lot of things out of place; so many dreams have crash-landed, so many vision and aspirations could not be brought to life all because of money.
Lastly, the need for money should not be a drive to commit a crime or engage in something stupid.
A wise man also said;
Money Flows in place of value.
Making money is easy, the more value you add, the more money is likely to be generated.
If you’re struggling financially, you’re not alone. We are living in very unpredictable times. The pandemic has created economic uncertainty for a lot of people.
Despite the prevailing financial reality, the good news is that there is a way to jump back from your economic difficulties.
Valid Reasons Why You Have Money problems.
Before going into core details in this article, I would like to broaden your perspective on the root cause of lack of money, before venturing to make money as an individual it is wise to understand why you don’t have money in the first place, this would help you carve your path in the proper direction.
1. You Are Young.
If you’re young, chances are that you haven’t been in the workplace deep enough to save a lot of money. If you’re in this spot, don’t let this reason hold you back from becoming financially confident.
Your biggest asset is your youth. Start saving and investing money when you’re young. When you have time on your side it’s incredible where you can end up in your 40’s and 50’s.
Commit to embracing good money habits, build your skillset, and learn the value of combining value through the work that you do. if you can do that, you’ll set yourself up to win in the future.
2. You are not Privileged.
As a young man, growing up, I was not in any way privileged in life, not that I was born poor I was born with a silver spoon in my mouth, but I had careless parents who could not project into the future, my dad happened to be very wealthy and married my mother as a full housewife, he disallowed her from working and building a business; unfortunately for him, he died to early, precisely when I was just 9 years old, and guess what, he left nothing and my mum was not strong enough to pick up from where he left, I did not blame her, it was not her fault anyway, she had been married to a man who taught all would be rosy, not properly understanding that there is time for everything in life.
After I lost my dad, I lost all my privileges and began to live life in scarcity, it was not easy, but I was so happy I started so quick, I was still young, my mum did not even know where to start from, I was only privileged to have acquired some few scholarships which saw me through high school and a little bit of college, other things I had in my life were things I had to work for my self.
I learnt what scarcity meant at a very young age, I did not have my teenage years to myself, I had to think all for myself and guess what, those experiences have made me into the man I am today, though I am not there yet, I understand better now.
The bottom line is that, you may not be privileged, yet don’t think that you don’t stand a chance, there is hope.
3. You Lack The Proper Mindset.
Another reason why most people lack money is their mindset; having to think that you need a college degree and a high-paying job is a part of what kills people in this present age today; most people even think that starting a business is not their thing and they see rich people as wicked.
If you fall into this category of people, then you are far from being rich in life.
4.You seek out Quick-Rich Schemes.
One mistake that most people make is seeking out quick-rich schemes; valuable money is never made in such manner, you should understand that any money made without value attached to it will not last.
Quick-Rich schemes such as gambling, Ponzi-Schemes should be avoided at all cost.
Learn to add value if you want to make money because money flows in line with value.
5. You Are Not Patient.
Impatient people will never achieve anything worthwhile, their impatience will surely cut kill their success before it matures, most people with this attitude are usually a time bomb to themselves, they work for other people to come and eat up their rewards.
Patience is a virtue that should be exhibited if success is in pursuit, great things are built on patience.
6. You Think Making Money Online Is A Scam.
Some so many people think that making money online is a scam, I feel for these people because they may never understand what real freedom feels like.
We are in the 21st century, a digital age for that matter, everything business model that ever existed has moved on the internet, ask yourself why you are not moving with the trend.
Making money is one symbol of financial freedom.
As a great man once said;
If you don’t learn how to make money while you sleep, then you will work till you die.
Do you want to master the art of financial freedom? then believe that money can be made online.
How To Solve Your Money Problems.
Solving money problems cannot be achieved in just a single day, there are processes that you must undergo as a person; or else you intend to rob a bank or scam some certain individual then you can partially solve all your money problems because they will still come back.
The wisdom used in wealth creation is vital because it will also be utilized when sustaining it.
1. Learn To Invest.
Learning to invest is one of the major problems of those people who experience finance scarcity, sadly the majority of them do not like the idea of investment because they have been used to being broke, another category wants to come out of their present situation but they invest at anything that comes their way provided it guarantees a very high volume of returns, and only a few of them are wise enough to choose the best investment portfolio and scale through their way out of financial embarrassment.
The difference between the three categories mentioned above is proper education.
You need to be well educated and informed to choose the best investment that suits you.
The probability that investment is going to be successful lies in the level of education of such an individual. You should understand how an investment works before casting all you lots into it.
For a better understanding of this section, I wrote a comprehensive guide to help you choose the best investment portfolio that will make you money, click the link below to get started.
2. Learn How To Sell.
A wise man once said;
Majority of People have what to sell, but don’t know how to sell.
To be honest with you, the reason why many are so poor and will remain poor is simply that they cannot sell.
I was reading a book recently by a very great author called Olumide Emmanuel, he made a very significant statement about selling, and here is what he had to say;
Good Product X Bad Marketing = Loss.
Bad Product X Good Marketing = Profit.
Good Product X Good Marketing = Profit.
You see, this world is driven by sales and the very few people you see on top were able to create a very good product, and implemented a very effective sales strategy, that ended up growing their income to the extent where they built reoccurring income.
Good salespeople are usually on top in whatever field they operate, spend quality time mastering various sales techniques today and skyrocket your business.
I wrote a comprehensive guide on how to begin your digital marketing career, click the link below to get started.
3. Start Investing On The Internet.
The internet is the new business of the 21st century; Bill Gates, the CEO of Microsoft made a quote, and he said;
If you don’t take your business online, then you will soon be out of business.
This is pretty straight forward and requires no further explanation to be able to comprehend.
Every existing business model from way before the internet has taken a shift to the internet; When you talk about sales, Gaming, Content Creation, Music and Movies, all have moved over to the internet.
In conclusion, all I have to say to you is to start investing in the internet as soon and quickly as possible; there are endless possibilities.
I wrote a guide to help you get started on investing on the internet, click the article to read more.
4. Understand How Affiliate Marketing Works.
Affiliate marketing is a business model that allows you to market other people’s product for a commission.
Most people think that they need to be able to create a product before they can make money, but this is not true, you can sell other peoples knowledge, products and make money from commission, this is called affiliate marketing.
Affiliate marketing is a huge business model because it allows you to work independently on your own without any supervision and still get to make cool cash.
One thing about affiliate marketing is that you don’t need to have a college degree to get started, all that is needed is ever important is good knowledge in sales, and the commission starts to roll in.
I wrote a guide to help you get started with affiliate marketing, I recommend you read this article to gain a better understanding of how this business model is designed to work, and how you can start making money off it.
5. Master The Use Of Social Media.
Social media is an important tool in the information age today, so much progress has been made when it comes to the effective use of social media.
Social media platforms like Facebook, Twitter, Instagram and TikTok have made the world a global village leading to the massive growth surge in much other business industry.
knowing how to make use of social media can help you boost your financial status.
There are so many productive ways to leverage the power of social media, and this is why I decided to link to a more comprehensive guide to show you how to do it.
Various links are going to be dropped in this section, make sure to follow each of them one after the other, to master the effective use of social media to maximize profit.
6. Connect With The Right People.
Dear reader, a wise man once said;
No man is an island of himself.
Another wise man also said in one of his quotes;
Your Network is your network.
The third and final quote is one that is very popular and it states that;
The difference between the rich and the poor is the level in inquisitiveness, rich people ask questions, while the poor do not.
Don’t just sit down and think all is well when all is not well, you owe it to yourself to ask questions whenever you are stuck at a certain point, always make sure that you never leave yourself in the dark thinking that it is meant that way, No!!!, you should get up to your feet to make things work, and one effective way to do that is by connecting with people that can impact you, one way or the other.
I was watching a video on YouTube from one of my mentors called Danlok, he said something about people getting stuck in life;
One of the things he made mention was that people get stuck in life when all they know is can be described by the size of their fist, and in actual sense, all they need to know is just the size of a very big room.
This implies that most people are in the condition they are because they know very little and it is not enough to get them out of their predicaments.
My personal advice to you is to connect with people, both online and offline, ask them questions on what you are no clear about;
you might be turned down, but trust me, just keep pushing till you eventually get the answers you need.
Do not only connect, but also make sure you buy books, get free courses, read blogs and the ultimate of all get a mentor.
7. Discover Your Talent.
Most people suffer because they are no in their element, trust me everyone has their area of specialization and strength, but the problem lies in the fact that not too many people are ready to tap into that well of resources.
This is where talent discovery plays a major role; discovering your talent can help you scale through life very easy, many people even ignore their talent and this has caused to experiences shortcomings in life.
To bring this all to a conclusion, there is always one thing that is unique about you, make sure that you don’t ignore it.
I wrote a comprehensive guide to help you get started and discover your talent, click the link below to get started.
Now that you are aware of these possible reasons why you might not have money, here is an article I recommend you read to help you get started with discovering your talent and making money.