5 Traits of People Who Actually Solve Their Financial Problems

If you are wondering why some people manage to solve their financial problems, while others fail, the answer is pretty simple

People who solve their financial problems have a few things in common.

It’s not enough to say you want to fix your finances, or you dream of becoming debt free or financially independent. You’ve to take it one step further.

If you look around this blog, you’ll find tips and steps you can take to change your financial life, but I also think it’s important to talk about what separates people who actually improve their finances, and those who don’t.

So if you’re wondering why you can’t get ahead financially no matter how much you talk about it, settle in let me give you some clues.




People who are serious about solving their financial problems don’t play the blame game.

They own up to their mistakes and don’t try to blame others or their circumstances for their situation.

Fnancial problems are usually self inflicted or due to external factors, but at the end of the day, you’re responsible for your life and financial situation. It’s up to you to turn your financial life around.

Instead of casting blame on others or making excuses for your current situation, it’s better to channel your energy towards fixing your finances.

When I got divorced some years ago, I was in a pretty bad shape financially and I spent a lot of time blaming my ex husband for my situation, but deep down, I knew I wasn’t being completely honest with myself.

The truth is, I had bad money managemnt skills and some bad money habits before I got divorced, and my finances wasn’t the best. The divorce just exacerbated my financial situation.

I spent a bit of time feeling sorry for myself and blaming everyone and everything I could think of because I wasn’t ready to accept that I was responsible for the state of my finances.

The day I accepted that I was responsible for my financial mess and nobody else, that was the day I took the first step to changing my financial life.

If you’re wondering how you can overcome your financial problems, start by accepting responsibility for your current financial situation, and stop blaming other people (whether it’s your employer, ex, kids, spouse, parents etc).

You can’t get ahead financially if you keep making excuses or looking at the past.

Accept you haven’t being a good steward of your resources and focus on avoiding and overcoming your money problems.


How many times have you tried to become debt free and failed?

How many times have you said you’d save a fixed amount every month, but you just never seem to get round to it, or worse, you never have the money?

Here is the thing:

Until your desire for change becomes stronger than the pain of your financial situation, you’ll continue to live like you’ve always had.

People who overcome their financial problems have a strong desire for change.

They get sick and tired of being broke, never achieving their financial goals and spending all their money paying off one creditor or the other.

Until the desire for change becomes a raging fire within you, you probably won’t do anything about your financial situation.

You’re going to keep spinning your wheels and put in half-hearted effort to solve your financial problems, but in the end, you’re going to fail because there’s no strong desire to change.

Most people are unwilling to do the hard work that’s required to fix their finances, that’s one of the reasons the number of people with financial problems keep increasing.

Much like every worthy cause in life, turning your financial situation around requires commitment and determination.

If you’re unwilling to go all in, it’s going to be very difficult to fix your financial woes. There’s just no other way to sugarcoat this.

So how desperate are you to recover from financial stress?

Is your heart really in it or is this something you think you should be doing but you’re not totally committed?

That’s a question only you can answer!


What do people who solve their financial problems do after they’ve accepted they are to blame for their financial crisis? They seek help and information to help them take control of their finances.

Let’s be real for a second.

Most of you are in bad financial shape because of poor money habits.

And, the reason why you have these habits is because you’re not financially literate. This isn’t the case with every one. Some of you are where you are today because you lack the discipline to practice good money management.

The way to fix financial illiteracy is to learn everything you can about personal finance and the steps you need to take to revamp your finances.

This is what separates people who solve their financial problems and those who don’t.

People who get out of financial problems are usually proactive. They don’t wait around for anyone to resue them. They take matters into their own hands.

They invest the time and in some cases money to acquire the knowledge they need to fix their finances.

Here’s the truth:

If you don’t understand personal finance basics, even if you manage to dig yourself out of debt or some other financial trouble, you may find yourself back in the same situation.

So you need to understand how things like money, debt, credit cards and other financial products work. You also need to learn the money management skills that’s required to control your finances and build wealth.

It’s not enought to accept responsibility for your situation and have a strong desire for change, you have to go one step further if you’re going to see a difference in your finances.

Don’t wait for anyone to help you solve your financial problems. You have to reach out for help and find a way to get the knowledge and help you need.

The more you understand about personal finance, the easier it becomes to understand the steps you need to take to dig yourself out of this hole.

So if you’re serious about overcoming your problems, you need to start being proactive. Figure out what you need to change. For example, do you need to start budgeting? Do you need to build an emergency fund.

There are lots of things to learn, but starting with the personal finance basics should be enough to get you off from the edge, and give you some breathing room.


One of the most important traits of people who get out of financial crisis is their willingness to change.

They make a conscious decision to change their ways as soon as they understand what they did wrong in the past, and how to get out of their financial crisis.

So my question to you if you’re struggling financially is: Are you willing to change?

I am sure a few of you will probably roll your eyes at me, but I am very serious here.

How willing are you to change? Do you know what it takes, and are you willing to do whatever it takes to solve your financial problems (even if it means sacrificing some things that you enjoy or hold dear)?

Because, if you’re going to improve your finances, you’ve to let go of some habits that are not working for you.

Change can only occur when you get uncomfortable with your situation and the things that are not working in your life.

The problem some of you face is, even when you know what these things are, you are unwilling or too lazy to change them. You delay taking action, hoping things would resolve themselves.

But people who turn their financial lives around don’t postpone taking action.

They are intentional and purposeful.

They make a conscious decision to change and they do it, because they know that’s what it’s going to take.

So are you ready to make a decision today or are you going to keep putting things off?


Discipline is what separates people who achieve their dreams and those who don’t.

Disicpline is hard. It’s tough because it means you actually have to do what you made a decision to do.

Discipline means sticking to the plan until you see the desired result. Which means you can’t quit on a whim or because things are too hard or not as fun as they used to be.

Discipline is putting your money where your mouth is. Without discipline, you are never going to revamp your finances or change your financial life. It’s really that simple.

There’s no magic bullet or any other way to do this.

The reason many people are not financially stable is because they lack discipline.

They know what to do, they know taking on more debt is wrong, they know they overspend and they should budget, track their expenses and save money. They know all these things, yet they fail to do them because they lack discipline.

Disicpline requires effort and they don’t want to do the work. They’d rather carry on as usual, while complaining about their finances and living paycheck to paycheck.

So if you are serious about your finances, you have to be diligent and disciplined. There’s no way around it, so embrace it!


I have shared five traits of people who recover from bad money situations. Let me share some practical things you can do to solve your financial problems.


If you’re drowning in debt, the first thing you want to do is to stop adding to it. Say no to new debt no matter how tempting it is.

Find other ways to take care of financial emergencies and stop using credit cards or other high interest credit to pay for your living expenses.


Slash your spending down to the barest minimum. Don’t spend money on anything else except your essentials. Get rid of anything that you don’t need to survive or use for work.

Reducing your expenses will free up some extra money that you can use for other more pressing matters.


If you don’t have a budget, now is the time to create one. If you don’t like budgeting, you can call it a spending plan.

It doesn’t matter what you call it, but you need something to direct and help you keep track of your finances (your income and expenses). This is the easiest and fastest way to see what you spend your money on so you can get rid of your money leaks.


Depending on how bad your situation is, you may need to find an extra source of income to help you out. So start looking for other ways to earn additional income or work more hours at your current job.


If you are asking where you’re supposed to find the money to save, the answer is, find it from somewhere.

You’re not going to improve your finances if you can’t save money, so you need to make this a priority.

Do whatever you need to do, but start putting money into your savings account every time you get a paycheck.

These five tips are personal finance 101, but they are some of the most important things you could ever do.

Final thoughts on 5 traits of people who solve their financial problems

Turning your financial life around is hard work. It requires determination and discipline, but it’s well worth it.

Instead of focusing on how hard it is, think about the joy and relief you will experience once all this is behind you. Keep thinking of what your life will look like without financial stress and let that motivate you.

Remember, you have to take action to get result, so don’t put this off another day. Start today and before you know it, you will have your finances under control.

Which of these traits do you think you need the most to solve your financial problems?

Related money management articles:

21 Things You Can Do Today to Change Your Financial Life

4 Honest Reasons Why You Can’t Get Ahead Financially

5 Traits of People Who Actially Solve Their Financial Problems

solve their financial problems
solve their financial problems

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