Misconceptions of Smart Money
During these times, reckless money habits are the leading cause to budgets, finances and/or household incomes experiencing gridlock behavior. Gridlock is usually interpreted as the inability to cover expenses, monthly bill pays and compulsive spending.
X Lobbying for Hours
First goto course of action is to work more hours in your current job position to compensate for lack of money. This act comes in the format of lobbying for hours from your superior, often known as overtime. |Outcome is often failed due to sizable taxable income and the inability to outpace spending habits by way of increased work hours.
X Business Startups
Many believe the "American Dream" is easily achievable due to great ideas which are beneficial to local and surrounding communities. As ample amount of time is spent contemplating a great startup option and running it by family members and/or friends; the end result is off-to-the-races. |Outcome is often bittersweet because all great ideas/plans or Business Startups does not translate into effective execution.
X Investment Trend(s)
How often have you heard the following, "I wish I would have invested in XYZ Company when they first came to the market! And as of now it's too late because the stock is too high to buy into." |Outcome is often wishful thinking because no one person has a 100% certainty on how well a stock will or will not perform due to performance being based on consumer demand or considered insider trading (ILLEGAL).