3 Harmful Money Habits that Sabotage Your Business Success
March 23rd, 2017 Tags: 
Posted in 
3 Harmful Money Habits that Sabotage Your Business Success
3 Harmful Money Habits that Sabotage Your Business Success
These three harmful money habits can sabotage your business success. They are certainly blocking your path to prosperity and keeping you broke.
You have an excuse. After all, most of us were not born knowing how to manage money. Your schools certainly did not teach you how to handle money. Like me, most of you had to figure it out along the way. Much of what I figured out was through trial and error as I navigated throughout life.
Your lack of knowledge, mindset issues, and harmful money habits can wreak havoc in your personal finances. They can also ruin your businesses if you are not careful.
This article addresses three harmful money habits that maybe keeping you broke and holding you back from prosperity. I also offer alternative strategies to get you on track.
1. Chasing Each New “Thing” that Comes Along!
The first harmful money habit that you need to kick is chasing each new “thing” that comes along. Do you find yourself buying the newest electronic gadget? Joining the newest, coolest gym in the community? Must you join the latest training program? Do you hire the “hottest new guru?” Somethings are just hard to resist. This is especially true when your friends and colleagues are all jumping on board!
If you are not careful, these new “things” can quickly distract you from your current goals.
Rather than chasing each new “thing” that comes along, try the strategy that I use when tempted. First, think will this new toy or program make me money immediately. If not, add it to your “someday” list. You will get it “someday” later.
2. Failing to Invest in Your Business
The next harmful money habit to kick is failing to invest in your business. As you can see from this harmful money habit, everything is not about overspending. Sometimes spending too little is bad for your business.
You cannot build a high-quality long-term business, by totally relying upon free products. You must learn to trust yourself and invest in your business. You must invest in quality if you want to attract quality clients. High quality investments pay back dividends!
3. Failing to Stop Paying for Things You Are Not Using
The third harmful money habit you need to kick is failing to stop paying for things that you are not using. I know that it can be difficult to unsubscribe from products and services. Sometimes you cannot find the right place to unsubscribe. Many vendors do not make it easy for you.
However, if you want to prosper you must cut unnecessary expenses. Take a few minutes and review the products and services that you use on a regular basis for your business. Then unsubscribe from those services and products that you have not used in the last 90 days. Get rid of those unnecessary monthly fees!
Chasing after each new” thing” (Harmful money habit #1) probably put you in the situation of paying for things that you do not use! (Harmful money habit #3)
Conclusion
This article is about 3 harmful money habits that sabotage your business success. If you want to build a high-quality business, then you must stop:
- Chasing each new “thing” that comes along;
- Failing to invest in your business
- Failing to stop paying for things you are not using
I would love to help you get on track with The Strategic Pathway to Success Program. Let us hear from you!
I am Pamela Montgomery, attorney, author, entrepreneur, and speaker who helps you create the life of your dreams as you achieve uncommon results in your business and in your life!
Also published on Medium.
Comments are closed.