{"id":1045,"date":"2013-11-21T15:48:55","date_gmt":"2013-11-21T15:48:55","guid":{"rendered":"http:\/\/vhfinancialmanagement.com\/?p=1045"},"modified":"2013-11-22T20:34:32","modified_gmt":"2013-11-22T20:34:32","slug":"six-surefire-shortcuts-to-financial-failure","status":"publish","type":"post","link":"https:\/\/vhfinancialmanagement.com\/2013\/11\/21\/six-surefire-shortcuts-to-financial-failure","title":{"rendered":"Six Surefire Shortcuts to Financial Failure"},"content":{"rendered":"
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We frequently hear about tips and strategies to become financially successful, but the other half of the picture (failure) often gets too little press. \u00a0So, let\u2019s spend some time reviewing the road to financial failure. If we want to be financial failures, what can we do?<\/p>\n

1. Do nothing<\/strong><\/p>\n

<\/strong>One of my favorite quotes is, \u201cthe road to failure is the one of least resistance.\u201d I still don\u2019t know who authored this quote, but I feel it\u2019s so relevant.\u00a0 If you want to fail financially (or in any other way), simply do nothing. Why work hard at something when you can sit around and achieve failure?<\/p>\n

2. Only live for today (and spend like crazy)<\/strong><\/p>\n

Spend your money like today is your last day on earth and you will be ripe for failure. While creating balance between today and tomorrow is a wise and prudent strategy (who would want to do that?), spending without regard for your future is one of the best ways to achieve financial disappointment. \u00a0You better hurry\u2026.there\u2019s only so many hours left in the day!<\/p>\n

3. Avoid taxes<\/strong><\/p>\n

Do you want a shortcut to financial disaster? Avoid paying taxes, and you will move to the front of the line and will become king of hill of the financial screw-ups. Getting behind with the IRS delivers extra bonus points through their use of penalties, interest, and fines.\u00a0 What a great way to shoot yourself in the foot financially.<\/p>\n

4. Buy it all on credit<\/strong><\/p>\n

I love that feeling of sliding a credit card.\u00a0 You know that feeling of power.\u00a0 It feels great knowing that with one little swipe you could be the proud owner of that one of a kind \u00a0velvet Elvis recreation valued at over $5000.\u00a0 You could even get it for a steal of deal at $2500.\u00a0 The best part is you didn\u2019t even have to peel out any Franklins to pay for it.\u00a0 Bonus: Sometimes you can double down and take out cash against your credit card.\u00a0 That\u2019s a great way to buy a car!<\/p>\n

5. Keep up with the Jones<\/strong><\/p>\n

This is one of my favorite methods of financial destruction. \u00a0I love driving through neighborhoods and dreaming about my next house.\u00a0 I also get great ideas about how to buy more car then I need. \u00a0If I can live beyond my means and own more stuff then my neighbor, I win! Maybe I can beat the Jones? And, if I am beating the Jones, I will certainly be beating myself up financially\u2026.a double victory!<\/p>\n

6. Friends and family Investing<\/strong><\/p>\n

While we\u2019re talking about our neighbors, I would be remiss if I failed to mention the power of investing through our neighbor\u2019s eyes.\u00a0 Our friends and family always have the best investment advice\u2026it\u2019s a sure thing.\u00a0 The next time your neighbor gives you a hot stock tip\u2026.bet the farm.<\/p>\n

These are just a few of the strategies one can use to fall to the bottom of the financial heap\u2026.a real roadmap to failure.\u00a0 I would love to hear your thoughts.\u00a0 Can you add few others to this illustrious list?<\/p>\n

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This blog post is sarcastically written and should not be relied on as solid financial advice. Obviously, if you need to read this disclaimer to understand this fact, I do apologize!<\/p>\n

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