Not philosophising, you need practical solutions to financial problems

France’s finance minister has once asked her countrymen, “stop philosophizing and start working”. That was exactly what I did to solve my financial problems.

What do you do when you are stuck in financial problems? Would you be happy to consider that lack of money is a gift? Would you then start searching for the abstract purpose of life as some people are suggesting?

The financial problem is neither a philosophical nor a poetic problem. Financial problems shake the core of your existence. You must take it very seriously, otherwise, you won’t be able to get over the trouble.

How you will deal with your financial troubles depends on the severity of your problems.

It also depends on the reasons why you are caught in the problem in the first place.
You may not solve your financial problems completely but you can ease the problem if you deal with the problem wisely.

How is your life with financial troubles:

You must know how the lack of money can affect you and your family.

If you don’t have money, you can focus on other things that matter to you most.
Don’t listen to misleading arguments that lack of money is a blessing, you can find meaning of life when you don’t have money.

I will not go into the discussion about the poetic and abstract meaning of love and happiness.
I can assure you that your marriage and relationship suffer a major setback when you have financial troubles,

“It’s money — not sex — that can bust up your relationship” CNBC

This statement is based on a survey conducted by LearnVest, a financial planning services provider, that finds that 68 percent of Americans means that finances problems cause more tension than sex in their relationship.

A number of other surveys find that the financial problem is the single most reason for divorces.

A very well-known scientific journal the European Journal of Public Health concludes

“ Financial difficulties in childhood may be associated with immediate and long-term consequences for mental health.”

A survey conducted by the University of Australia finds “ families under financial stress are more likely to suffer poorer health.”

“Research shows there’s a clear link between your financial health and your mental health and your debt may serve as a tangible representation of your psychological state.” according to research of Urban Institute.

When you don’t have money, then your:

Marriage and relationship are in jeopardy

The present and future of your children is in risk

Your mental health is alarming

You and your entire family are on the verge of collapse

Not to mention the necessity of money for basic human needs a

In this situation, singing a love song would not help. The search for the meaning of life instead of searching money as suggested by some people will only mislead you.

First, find out causes of troubles and try to see if you stop the cause.

What causes financial problems:

There is a popular TV program on a Danish national channel called “Lukus fælde” (The trap of luxury) . This program shows the lives of people who are trapped in misery caused by financial problems.

Some cause financial troubles, you are not responsible for. You can lose your job. Some unpredictable expensive emergencies can occur.

Some bad judgments like bad investments and bad planning can spoil your economy.

The Danish TV show the financial troubles that are caused by adverse and addictive behaviors of the people.

One of the main reasons for the money problem is the luxury lifestyle. A survey conducted by a registrar of bad debitor Esperian shows that a significant number of bad debtors spent an uncontrolled amount of money for luxury living. To maintain their luxury lifestyles they take high-interest credit which they can not afford to pay back.

The gambling, especially the online gambling is another cause of the private financial problem.

When you try pay a credit by taking another more expensive credit, you enter in a dark circle. One default efter another brings only misery.

How I dealt with my financial problems:

I used to be a rich man until the financial crisis began in 2008. I had a lot of money invested in financial assets.

Like many others, I could not predict the severity of the crisis. I lost money then I invested again to regain the money. I lost them again.

I lost thus lost all my cash. I had no way to stay in trading business without liquidity.

I had two houses with a mortgage loan as well as two luxury cars.

I had a wife and two kids in the family. My wife was like a house-wife and I was the one who took care of financial matters.

I talked to my wife about my situation. She was shocked because she did not know that the situation was so bad.

I explained to her that our life would not be the same again but we will try to live a reasonable life and raise our kids in a good way.

I decided to cut the expenses in every way possible. My money was dried up but I did not become bankrupt.

If I try to keep both houses, I could end up in bankruptcy. I sold one house with a big loss. I sold both of our cars and bought a bicycle.

I have a university education but I did not get a job immediately. I started a newspapers delivery job. I, also, got a part-time cleaning job. I earned money enough for mortgage and basic needs,

I started working hard at least 60 hours a week to keep things running with my family.

I also was enrolled to higher study in a university.

Now, I have a job as a marketing consultant. I earn good enough to provide my family with a comfortable life. I can not afford a luxury life as I could 10 years ago. But my wife and 3 children (we have got one more kid) are happy with the way things are going.

My recommendations:

If you are caught in financial problems, try to understand the nature of problems. If it is because of a job loss, maybe it is a temporary.

But if it is a definitive problem like mine, you need to change your lifestyle.

Let me give an analogy. If you have a small penis, you do not have flexibility for different sex positions. You have to find a suitable position in which you can penetrate the small penis totally. If you do not have much money, you have to have maximum utilization of money that you have.

Your life has to be very organized and targeted.

And above all, stop philosophising and work hard. Think about yourself and think more about your family