Author of ‘Practical Steps to Financial Freedom and Independence’, USIERE UKO, continues on how people create financial pressure on themselves
In part I of this article, the point was made that most financial pressures we experience are self inflicted. It could be directly by spending money on what we ought not to spend money on in the first instance, or spending too much to please others (temporarily). It could also be indirectly by not preparing for the unexpected through having an emergency fund and insurance.
We use our friends and family as our emergency fund and insurance and therefore expose ourselves unnecessarily to financial pressures by living on a financial brink without a