Being wealthy financially is our dream and there are actually four problems that remain to be an obstacle in reaching our dreams to be financially successful.

1. The first problem is we tend to delay our acts. Most people delay to save money in bank accounts because they think that their earnings are not sufficient enough. If someone thinks not to save money, then they will even never start to save money on their bank accounts. You will have to be costumed to saving money in your bank accounts if you want to be financially successful.

2. The second problem is we tend to spend way too much. Most of us are unaware of our spending habits. Sometimes we spend all our money because we think in the future (or upcoming month) we could always get a paycheck. Without notice, your life could dramatically change into a rainy day. If you don’t believe, the recent global financial crisis is an example that strikes most households. We could never expect a rainy day, and at the end you begin to think the importance of financial planning.

3. Increasing Inflation: The increase of price or inflation will impact on the welfare value of the society. The money we have now will be less of value in the future. Even though money in our wallets increase, our shopping bags tends to decrease. So how can we deal with inflation? I guess we should start to think about smart investing.

4. Government Policy: is it true that government policy have an impact on welfare? Well sometimes government policy (no matter which country you live in) will have an impact especially the government’s decision on tax. Well, to overcome this is quite hard but we could anticipate it by doing a well planned personal finance planning so that we could pay debts that we owe to the bank.