Last update: 17.09.2024 08:35
We could actually do more with our money, we should have our pensions under control and we should get an overview.
Why don’t we do this if we know it?
That’s why we usually have an implementation problem and not a knowledge problem.
It’s not enough to know something.
Psychological tricks help against excuses for not implementing.
We should do so many things, we should do so many things.
But then it rains and we still don’t do it.
Or then the sun shines and we still don’t do it.
Or even worse, there’s some kind of weather and we still don’t do it.
We don’t do many of the things we should and ought to do, not even some of them.
Because if we look for excuses not to do something, we’ll find them.
These are the top excuses when it comes to NOT taking care of your finances
1. “Money is not that important to me”
Money still doesn’t have the best reputation.
Anyone who takes an active interest in finance is often misunderstood as a greedy investor.
After all, money is not known to make people happy.
Money is not an end in itself, money is there so that we can live our lives as we wish.
However, anyone who has ever had too little money knows that this does indeed interfere with happiness.
That is why it is important to deal with money – not for the sake of money.
2. “It’s too tedious for me”
Not everyone is interested in numbers.
Finance is often equated with administration and bureaucracy.
You can’t do without it, but too much of it can quickly become tedious.
We would like to see big successes quickly with little effort.
However, you shouldn’t be surprised if success doesn’t materialize at first.
This is simply because there is a huge difference between theoretical knowledge and practical implementation.
Unfortunately, we tend to give up too quickly: as soon as it takes a little more time or we have to think a little more, we give up – and do nothing or delegate decisions to others.
Which brings us to excuse number 3:
3. “Finances are complicated”
The system is complex and many financial service providers make every effort to make it even more complicated and opaque for us.
Because that’s how the story works: you don’t feel like taking care of your finances, I’ll do it for you – for a small, exaggerated, hidden fee.
We are lulled into a false sense of security because we have been told exactly what we want to hear.
It’s obvious that these excuses cost you one thing above all else: money
Or rather, time.
Time plays a decisive role in wealth accumulation.
Every day that passes is a day lost and reduces the final result.
Time is money.
So it remains the same: it costs you MONEY.
To illustrate this, here is an example of the compound interest effect and wealth accumulation with the 3rd pillar.
We see that we have untapped potential, that we may not have the ideal solution, that we are paying too many fees…
But how can we overcome the excuses and take action? We know from psychology: Fighting resistance only works to a limited extent. We cannot constantly “pull ourselves together”.
Our willpower is not infinite, it is used up or even wears out.
However, we also know from psychology what works
1. make the start easier with a little trick
We all know the feeling of putting off unpleasant things.
We think we just have to wait for the heavenly inspiration, the motivational injection.
Then we think everything will work itself out, then we cheerfully get going and make great strides forward.
That’s not true, research says it’s actually the other way around.
Motivation comes with doing.
If you do something for just 5 minutes, you will feel like continuing.
We can trick ourselves so easily.
So it’s not: I need to sit down in peace and quiet and look at EVERYTHING.
But rather: I’m going to take care of my finances for 5 minutes.
2. learning from others
Sometimes we prefer not to ask because we don’t want to expose ourselves.
Especially when we are otherwise successful in life, it is difficult to admit that we don’t know something, that we have neglected to do something.
We also believe that everyone is like us anyway and that they have the same excuses for not taking care of their finances.
We generally overestimate the shortcomings of others.
You’re not alone in this.
That’s why it’s worth asking.
You’ll be amazed at how much you can learn from others.
So don’t say: I have to deal with this myself first.
But rather: How do you do it?
3. create routines over time
We are all too happy to put off things that are not part of our daily routine.
Implementing habits, on the other hand, is easy.
That’s the power of habit.
Once you’ve started, it’s all about sticking to it.
There is no one trick that works for everyone.
However, there are a variety of measures that you can test for yourself.
Think about how you have already successfully created routines in other areas: for example, do you manage to exercise regularly because you have established a commitment by making an appointment with a friend?
Do you successfully take care of the household or garden, for example, because you have simply scheduled an appointment in your calendar as a reminder and then just do it without much questioning?
Or do you make particularly good progress with a project because you have combined the necessary with something pleasant and create a particularly pleasant environment for yourself when “sitting on it”, for example in a comfortable “thinking chair” with a café?
Either way, the main thing is that it helps.
Make use of your own success strategies when it comes to your finances!
And don’t forget: success is a process, not an event. Success rarely comes overnight.
Just try out the tricks and see what happens.
Mach den ersten Schritt zur finanziellen Unabhängigkeit
In einer Minute siehst du deine Vermögensentwicklung und dein Einkommen während der Rente.
