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Many people struggle to make enough money to meet their financial obligations. Many people also find it incredibly difficult to stick to a budget.

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Why is this? It is just simple math, right? Is it really that hard to add and subtract?

Human Psychology Makes it Hard to Make Money If successful money management were as simple as being able to add, subtract, multiply and divide numbers, everyone who could perform these basic calculations would be financially secure.

Unfortunately, financial problems stem from much more complex issues than math problems.

The psychology of making money.

They are rooted in psychological and behavioral deficiencies, such as lack of work ethic, lack of faith, lack of discipline, over-spending, excessive risk-taking in investments, greed, pride, and an insatiable desire to impress others.

These issues are common to the human race and are much more difficult to master than math problems. The biggest threat to financial security is the desire to impress others. Of all the psychological and behavioral deficiencies mentioned above, one especially curious phenomenon deeply impacts the financial decisions we make.

Reason #2: Financial Goals Typically Take a Long Time to Achieve

We are all affected by it. No one is immune to it, including myself. This is a slippery slope that can ruin us financially because we can never be completely satisfied that we are impressing everyone around us. We will always be able to find someone who has more and better things than we do.

The sad news is that even if we spend every last penny to impress others, most of the people we are trying to impress may never even notice.

If you want to make easy money, do something hard by The Investor on September 9, The lure of making a killing and escaping the rat race runs deep. The success of the National Lottery, for instance, is not founded on the great returns on investment you get from lottery tickets. It could be you, sure. All your life.

Most people do not care about our image as much as we think they do. Think about it.

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How much time do you spend thinking about how idiotic someone is because they drive a junky old car or how to make money is hard awesome another person is because they live in a mansion?

If you notice at all, I suspect you may give it a fleeting thought for a few seconds, and then you move on to focus on what you are trying to accomplish. No one is really paying much attention to our possessions. They are all too busy worrying about themselves.

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Many reckless spenders poke at frugal people because deep down they envy their stronger financial position. They put others down to elevate themselves and to justify their own wasteful splurges. The Key to Earning Wealth: Manage Your Spending I have been practicing financial planning long enough to realize that many, if not most, of the people who flaunt an aura of success actually have very little wealth and a lot of debt.

I also have observed that many of those who appear to be poor are actually the ones with all the money, no debt, and much less how to make money is hard. They figured out a long time ago that they did not want to be like the Joneses at all. The Difference Between Wealth and Owning Stuff Many years ago I met a young couple who lived a very nice lifestyle spending more each month than they were making.

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They had a sizeable mountain of debt, no savings, and very little insurance. We have the home of our dreams, a pool, a boat, and our dream cars. What do we do now? Needless to say, they lost everything—or at least binary options offering deposit is what they would tell you.

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In reality, they did not really lose anything, except maybe their pride and their credit, because none of it was legitimately theirs to begin with. They were only living an illusion of wealth.

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They are the Joneses that we are all trying to keep up with. It stems from one of the most common and powerful fears from which people suffer: the fear of criticism.

If we can overcome the fear of criticism, we will be well on our way to overcoming this tendency. If all but myself were blind, I should want neither fine clothes, fine houses, nor fine furniture.

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This freedom allows us to pursue meaningful work that we enjoy, where we can make the biggest possible difference for good in the world.

Advantages of Living Modestly By living modestly, we also set a conservative standard for our children and grandchildren that may give them greater freedom to pursue their dreams. Otherwise, they might feel pressured to take a high-paying job that they hate, just to support an extravagant lifestyle they were raised to expect.

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How many people are trying to keep up with us although we are totally unaware of it? By living well below our means, we may be granting permission to others to do the same by placing less pressure on them to keep up with us. As we pursue the acquisition of money, let us always remember what it is really for so we will maintain proper balance in our lives and use it for the greatest possible good.