is self control enough in this economy?
in order to save money, is it enough to just prevent oneself from buying things unnecessary or limit ourselves to only what is needed to survive? is this a way to live? is there no other easy way aside from earning so much?
sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general
Self control is essential for achieving financial well being. However self control alone isn't enough there are many other factors we must manage to improve our financial management especially in today's uncertain economy.
Besides the cost of living is actually cheap it's your lifestyle that makes it expensive. Essentially when people feel undervalued, they will show off their existence to others. Therefore this requires not only self-control in spending but also in emotional self control.
If you lack financial knowledge you'll be trapped in a lifestyle especially in the digital age. With the many temptations of social media platforms like TikTok, YouTube, IG, FB, X, and others, and the ease of incurring debt, many people unknowingly make mistakes in managing their finances. This is why many people, even when their careers are thriving, their businesses are growing, and their income is increasing, find themselves with ever-increasing debt instead of increasing assets.