I am a young man who is not married. I have made some mistakes in how I use money and the resources I obtain. So, I have come to share this problem with everyone in the hope of finding help and changing the way I misuse money. I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent. If I see something I like or desire, I buy it without minding the cost as long as I really like it. Yep. Many years of self-employment with varying monthly income were like a blessing to me since I started designing and building websites. This little money made me a bit proud of myself and where I've come. I made a lot of friends, and whenever they asked me for anything, if I had the money in my possession, I'd disburse it to them. I was happy to receive praise that I was the best friend a person could ever have. I won't forget when I started going to clubs and spending money on luxurious clothes and booking rides from one city to another.
All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.
The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.
I think, you understand that your problem is your attitude, you started spending money in clubs and luxury fashion. There is nothing wrong with that but there is one exception, you have to move on this lifestyle when you have high net earnings and need to improve your social status in order to step up.
If you are poor and want to become a rich or at least perform well in your life, you have to forget fun, at least I had to or I would say, I never had fun. If you forget to think about having fun and dedicate yourself to improving your life, that includes more work, more discipline, more work on improving your personality, making yourself more charismatic and so on, then you'll succeed further. It takes time, it takes discipline, it will eat years of your life, you'll suffer in your 20s instead of having fun. You are supposed to have fun in your 20s, right? Forget it, suffer and focus on your life, you'll be on top in your 30s and so on.
I agree with you that money should be spent but it should be spent wisely, it should be spent in a sense that it's stupid to work years and save money because inflation eats it and in ten years, your $10 000 becomes $7000 but you always should have some money for emergency situation.