Why do people always face financial problems?

What do we all need to live?

There is an old folk tale for this question,
“A house to live in, some clothes to wear and some food to eat”.

It is true that without these 3 resources no human being can survive on this earth. But we do not get these 3 resources for free and no one will give them to us in free.

This tradition has been going on year by year that, to get anything we have to give something, only then we can get that thing. So similarly for these 3 resources we need money. We can get these 3 resources only after spending money.

list of contacts-:

1. What is Finance?
2. A story before knowing the problem of finance
3. Why people face problems regarding finance?
4. Why rich people also face finance problems?
5. Three processes – Relief from finance problems.

1. What is Finance?
Finance is the process of raising money or capital for any type of expenditure. That is, if we have to make any kind of expenditure like buying some clothes, food and home decoration, then for that we need some money (fund or capital).
So in simple words,

Finance means earning money and using this money for our daily life expenses.
But when we are not able to fulfill our expenses in our daily life then at that time we all have to face “financial problem”.

2. Before knowing the problem of finance, a story
There were two men. The name of one was Dipu and the name of the other was Tapu. Both of them were working in the same company on the same post at the same salary. But one day due to some reason that company got temporarily closed for 1 year And he gave half a year’s salary to all his employees to run their family, which was not enough for anyone and after 6 months the same starts happening with Dipu, Dipu does not even have money to run his daily life. There was no money for daily Expenditure, that is why they faced finance problem.

But there was something different in Tapu’s case. He did not face any kind of financial problem in that 1 year because he already had some backup money for this situation with which he could live his life.

But why did it happen?

Both have the same salary, same 4 members in the house (Dipu and Tapu, their wife, a son and a daughter), same type of house. But what happened in Deepu’s case was that he did not know how to fulfill his daily expenses and what happened in Tapu’s case was that he did not have any problem with money.

But why, what is the reason?
Let us understand.

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3. Why do people face problems regarding finance?

One sentence answer is enough for this question i.e.
People know how to earn money, but they do not know how to use this money.

People can earn money in many ways. But we do not know how to use this money in our daily life. We use this money on many useless expenses which have no value for us.

Many people in India depend on monthly salary. They can use it after receiving their salary. But we have seen many cases, many people say in the middle of the month that we do not have money for daily expenses.

Despite this, we all continue to spend the money unnecessarily, and then borrow money from others and this borrowed money binds us in financial problems.

Note -: All this information is applicable only for the middle class, not for the poor category of people, because they have to face financial problems every moment.

We all know that rich class people never face financial problems.
But but, this is shocking news that,
Rich people also face financial problems.

4. Why do rich people also face finance problems?
There are only 1% rich people in this world, who have money worth millions and trillions of dollars. This much money means that rich people may not have to face finance problems, but they do have to face them. Not all, very few rich people.

We all know one fact about money,
Money does not stay in one place, it moves here and there, from one hand to another.

Therefore when people become rich, they do not understand the importance of money and they start spending unnecessarily. Like the middle class, when they need money, they do not have it, that is why. Rich people also face financial problems.

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5. Three processes – Relief from finance problems.
The root cause of this finance problem is that,
Our expenses exceed our earnings, due to which we are unable to keep our money. We do not know how much money we need for expenses and how much money we need for what.

3 processes by which we can solve our finance problem.
1.1. set your goal
1.2. Money Management
1.3. Investment

Are you all familiar with these 3 processes?
Let me know in the comment box if you know whether these three processes are helpful in solving finance problems or not.