Do people that have trouble managing their finances have an underlying problem?

Question

OMG you are right. I have formed a very bad habit. AND OH how HARD it is to break bad habits!!

Answer 1

This isn't Dr.Phil; some people just aren't smart enough to use their money wisely.

I'm in my 20's and at 18/19 I was investing in Forex trading while all my friends were getting cell phones and their first cars. Years later they're now in debt because of student loans and can barely make their rent. I have 3 cars, my own home and more money saved then I actually need. I also paid off all my parents' debt; I never have to work a day in my life if I choose not to (although that education would be wasted!).

I bought a trading system and it made me money while I was in class/working a part time job. This way I had two streams of income with no extra effort.

Today alone I made over $800 in profit from ONE trade and in just minutes. EUR/USD; bought at 1.5596 and sold at 1.5677 - check the charts on DailyFX for proof of the numbers - today is the 25th of June. I could have made even more if I wasn't paranoid and clicked the magic button (it went all the way up to 1.568x).

What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash.

Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; there's literally no risk when buying one.

If you're interested I found reviews of the top 3 Forex trading systems: http://forex-funnel.the-perfect-solution...

Answer 2

Badly managing your finances often is a bad habit.  And if you want to call a bad habit an underlying problem.  Then so be it.