1, excessive greed makes you fall into the investment trap! Desire is an important driving force to push people forward. Excessive greed will make people lose their minds and gamble like gamblers! When a person fails to gamble for the first time, he will gamble for the second time, hoping to win it back, but the more he gambles, the more he loses, and finally he loses nothing!
In recent years, too many people have entered the capital market, entered the blockchain, entered the foreign exchange platform, and entered the platform listed in the name of equity, all of which will invest millions or more!
When making these investments, many people know that they are traps or temptations, but they still invest, mainly because they see that some people have gained huge returns from them, and it doesn't take too much time and energy to get these huge returns. This temptation makes many people really unable to control themselves!
What's more, they tried their best to sell houses and cars, and even borrowed usury. Losing everything, disaster appears in front of them, and even ten years can't be reversed!
Therefore, the first point to avoid huge debts is to reduce your greed, let yourself polish your eyes and see clearly whether it is an opportunity or a temptation, and you will avoid a lot of investment!
2. Excessive imprudence leads to the failure of investment and business. Adventure is necessary. However, while taking risks, we must carefully evaluate the risks. We must be very clear that investment is risky. While doing any business and investment, we should also understand the existence of risks while looking forward to and longing for the future of business investment. If you really can't afford the cost of investment failure, it is recommended not to invest or invest less!
A friend of mine was soon in debt of 300 thousand. There is a simple reason. He saw that the people next door made a lot of money cooking. He went to chat with his friends next door for a long time. Every day he sees that the business is full, so he can't help but try it. At this time, he didn't have any business experience, but subjectively thought that catering was very profitable, and seeing that Chongqing Xiaolongkan hot pot was everywhere, he decided to make Xiaolongkan hot pot and invested nearly 500,000 yuan. However, this friend knows nothing about finance, management and service. At the beginning of the business, it was barely ok. Any longer, it will get worse and worse. It closed down in less than half a year, and it was a mess. Hundreds of thousands of deposits are gone, and hundreds of thousands of debts are still owed!
Therefore, the second point to avoid huge debts is to have a strong awareness of investment risks and risk assessment!
3, lack of minimum planning for the economy! In the past, many people who made money had millions or more, but they didn't have the basic financial ability at all! In fact, the money in our hands is divided, such as how much insurance to buy, how much to save, how much to invest, and how much to do business. These are carefully planned, how can you put all your money in at once, or even borrow usury?
Relationships should be managed, emotions should be managed, customers should be managed, and money should be managed! For us modern people, having a very strong financial planning ability and making our money bigger instead of smaller is an important factor for our life to continue to move towards high quality!
If we don't have good financial planning ability and spend money indiscriminately, no matter how much money we have, Tai Sen, the champion of boxing, has several hundred million yuan, that is, several billion yuan, and Tai Sen will soon spend all his money and be poor for a while!
Therefore, for many people who are doing well in business now, when making money, they must make a good plan for their own money, not only to keep our business growing, but also to conduct good financial management to prevent our business from failing, and to maintain a better living standard and have a foundation for a comeback!
Therefore, the third factor to avoid huge debts is to make good financial planning!
4. Major decision-making mistakes and uncontrollable factors in business!
This year's epidemic has caused too many people to be in debt and has been unable to open for three months. Many industries have overwhelmed people's rent and wages, so the debt situation is inevitable!
Major decision-making mistakes will ruin us. For example, Shi Yuzhu, a famous person we know, was once the first black sheep in China, and he made a major decision-making mistake on impulse!
For entrepreneurs, walking on thin ice is walking on thin ice, and every step forward faces great risks! Every entrepreneur should make a comprehensive plan and layout for every step of his progress!
Therefore, the fourth factor to avoid huge debts is to avoid major decision-making mistakes!
Avoiding the above four factors, I believe we can reduce many chances of debt in our life! Of course, no matter how careful we are, we will still be in debt. Debt is not a terrible thing. Failure can make a comeback, and only a life that has experienced pain will be phoenix nirvana!