I am currently reading The Mountain is You by Brianna Wiest. It is my fifth book for the year in a race to read 30 books in 2025.
In this article, I shall address how millions of people are their own worst enemies when it comes to money and wealth. The worst part of it is that it happens subconsciously for most people.
This means that many of us engage in self-sabotage behaviours towards our money and wealth potential without even knowing it. In actual sense, often people self-sabotaging themselves actually think they are making progress or have succeeded.
Here are 5 key indicators of self-sabotage on your money goals:
1. Living beyond your means – if you find yourself straining to meet basic needs like food, rent, clothing, medical expenses among others, and have to borrow every time to pay for these basic things, chances are that you are living beyond what you can afford. Thus, you are unable to save and start paying poverty tax by paying interest on loans used to buy basic things in life;
2. Borrowing for consumables like housing, school fees, furniture, clothes among others – any debt that you incur that is not invested in a profitable project (meaning the project, business or activity can service the loan on its own), then it is a bad loan. Many loans in Kenya that people borrow to invest in plots, land or mortgages fall in this class. They are bad loans no matter how much colour or decorate them to look different or justify the borrowing;
3. Giving aimlessly and without planning for what you give – while giving for a worthy course is noble and highly encouraged as part of wealth creation, it does not mean you throw your money aimlessly to every WhatsApp group people add you into. Many of us confuse black tax with giving. As I have always said here, none of us can solve the money problems of any other person, including those of your very own children. Decide what and where to give, set a budget and stick to it -that’s it;
4. Eating your savings, dividends and interest – any money you set aside for savings and investments, you MUST not follow it to ‘eat’ nor should you eat its children and grandchildren. Every time you eat your savings and their children, you rob yourself of the beautiful power of compounding or simply put money working for you, not you working for it;
5. Not investing in yourself and personal growth – the bitter truth is that no one can create wealth beyond their capacity. If you desire more, then you must expand your capacity. Majority of people want money without any investment or sacrifices on their part.
In the past 10 months, I have been amused as to how so many people struggle to buy/invest in a good book. Others buy and never take the time to read any of the ideas in the book…lol!
As much as I want to sell millions of copies of my book, I get sad when somebody tells me that they bought it…but haven’t read it!
The reason I wrote and am selling this book is to impact your life positively at a personal level and unlock your money and wealth potential. If I get some profit out of it, it is simply a bonus for the investment I have made in it.
I am grateful to the 1,000 wonderful people who’ve bought a copy and the great feedback we have received. From next week, we embark on the next phase towards the 2,000 copies mark.
Kindly, grab your copy through WhatsApp @+254723584928 or from Nuria Book Stores, Bazaar Plaza, 1st Floor, Room 12, Moi Avenue (formerly TSC Building).
I am sure you shall never regret every penny you’ll invest in this book.
Retail price is Sh.1,850 (free delivery within and outside Nairobi).