Status quo as a barrier to financial planning

In this post, we are going to look at status quo as a barrier to financial planning. I know many people will be surprised as how status quo can contribute to lack of financial planning. Status quo means remaining in the same state in which one is found, whether the situation is good or bad. In other words, we call it comfort zone. No one can make any significant progress in the comfort zone. In science, comfort zone really means a zone or condition in which one spends the minimum energy. Everything nature works in a way to conserve the maximum energy and spend the minimum. On the other hand, chemical reactions do not generally occur under minimum energy condition. We need to add more energy in order to activate the reaction. 

     Using this concept from science, comfort zone is what makes the subconscious mind comfortable. However, we need to activate our subconscious mind if we want to change what is inside it. Subconscious mind is a chemical reaction activated by emotion, images, desperation, etc. Many people do not have the ability to activate their subconscious mind. As a result, they are not able to make any changes even in difficult times. Why do some people kill themselves instead of adjusting their lifestyle when their income is reduced? Why do many people use credit card and continue accumulating debt? Why do some people choose a low-paying carrear course in college? Why do many adult children live with and depend on their parents?

     Although many will give different reasons such as lack of information, lack of financial education, lack of opportunity, etc., the main reason is the inability to make a change. Lack of eduaction or information, or opportunity may be the cause of the problem, but does not explain the reason for not making the change. Making a change is a behavioral issue. Changing the behavior of a person is very difficult because it involves changing what has been fed into one's subconscious mind. Resistance to change is the greatest human defect. Some people go for financial repairs counseling only when the situation gets worse. 

     Why should someone continue spending money when he knows his income has been reduced? A person does that because he feels comfortable with that. Reducing your expenses requires discipline and throws one out of his comfort zone. The same thing can be said of credit card debt. In the case of a low-paying carrear, many complain about this but continues in the same job. They do not make any move to change the situation. They are afraid of the unknown. Status quo is a disease inflicting some of the educated people. The uneducated people are not aware of the opportunities around them. However, some educated ones have a lot of information, but do not use them to change their lives for better. The case of adult children living with their parents imposes a burden on the finances of their parents. In some cases, parents go from taking care of adult children to taking care of their grandchildren too. This will be the topic of the next post.

     Status quo is a barrier which many have to fight against in order to have your finances planned or repaired. Defeating status quo implies making a change in your habit. The more you procrastinate it, the more you are drowning into debt. Consider changing your habit today!