We don’t question the things other people are doing. We copy other people blindly and try to impress them without questioning their choices. You don’t really need them.īut since we see all our friends using them, we think that it’s the right thing. He busts the myth that you can keep your finances healthy if you use debit cards.

The author says that many people don’t need credit cards. Many people end up spending money on things they didn’t really need.įor instance, credit cards. This is why most people don’t realize that they are in a financial blunder until they do bad investments, or buy wrong insurance policies, or lose track of their finances. If you are a common man like me, you will find it difficult to track all your expenses. In the same way, if you are not debt-ridden, you have multiple sources of income, you have prepared yourself for any emergency, you are doing great financially.īut the thing with finance is that, it’s not visible with eyes.įor example, if you are getting fatty, you can see your belly growing in the mirror, you can find your clothes getting shorter.īut money is always flowing, so it’s hard to track compared to physical health. It’s similar to physical health, if you feel that something is not right with your body, maybe you feel a weird pain, then it’s a good idea to visit a doctor. In other words: you should consider checking your financial health. If you spend more than you need, and most of the money goes into paying debts, you need a financial audit. Want to consume more insightful, power-packed content like this in the future? Lesson #1: Most people don’t realize that their fundamentals of finance are not right until it’s too late.

The money makeover