What are the lies that you tell yourself that hurt your wealth creation process? Or your Retirement process?

Let me list a few of them that I hear…..

1. I will start a SIP tomorrow: I mean many people keep telling me that they will start their sip from next week, month or year. Postponing your investment starting date can be very damaging. See the calculators on “cost of delay in wealth creation”.
2. This year I will use my Gym membership this year: amazing ability to fool ourselves. We did not use the gym last year and the year before that. However, we fool ourselves into believing that this year will be different!
3. I do not need any help with my portfolio. This is not true for about 99% of the people I meet.
4. I can pick a few shares and create wealth that will help me retire peacefully.
5. I will go to a mall and buy just one item! A few people can resist, many cannot. See to which category you belong!
6. After I buy this one item, I will stop splurging!
7. I and my wife can handle a credit card RESPONSIBLY.
8. I and my wife KNOW where we are spending, so we do not need to write down our expenses!
9. I do not have time to cook, so we will eat out 5 times a week
10. This time it is different!! Lol
11. One last vacation Subra? Switzerland, 9 days. Budget Rs. 500,000 only!