Personal Economic Independence – Hurdles during Economic Struggle

Hurdles during Economic Struggle:

Human beings are weak. They make mistakes time and time again. Despite this weakness, God has gifted powers, latent and patent, to move forward. Economic agents can wisely use these powers to offset their financial mistakes.

In an economic struggle, the agent may face inner fragility, now and then. The vulnerability of the individual can be due to two reasons; inner faults or outer conspiracies. The major interior hindrances that can penalize the agent, repetitively, include indiscipline, fear of failure, get-rich-quick mentality and procrastination. First, getting over indiscipline requires an efficient work timetable, loyalty towards the earning platform and professional approach towards economic works. Second, fear of failure is a common obsession, which can demoralize an economic agent anytime. To drive away the apprehensive feeling, it is incumbent on an individual to solidify self-belief. Third, get-rich-quick mentality is rampant nowadays, especially on the internet. The sole technique to shield oneself from the irrationality is patience. Fourth, procrastination in an economic struggle can be withstood by implementing the maxim, be focused and be proactive.

Outer conspiracies are encountered on account of competition and rivalry among workers/businessmen. The economic world is an area of stiff competition, day in and day out. As a matter of fact, lusty workers and greedy businessmen can adopt cunning stratagem(s) to gain money units. Therefore, the economic agent must have strong intuition and lofty wisdom to resist and counteract their vice tactics.

← Execution of Economic Work                                                      Concluding Remarks →

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About Muhammad Ashhar

A high school student with an interest in business and entrepreneurship, a writer, football enthusiast and movies/tv-shows fan!

One thought on “Personal Economic Independence – Hurdles during Economic Struggle

  1. Pingback: Personal Economic Independence – Concluding Remarks | Effective Thoughts

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