You may find, as a newbie trying to make it online, that you may acquire Shiny Button Syndrome.
“What is that?” You may ask. Shiny Button Syndrome is basically this; you arrive at a sales page online that tells you weird and wonderful ways of how you can make a million pounds in 24 hours. It seems too good to be true and because you’re a newbie you are not aware of the pitfalls of this kind of scammy sales page, so you quickly read the sales page with your enthusiasm getting higher and higher and press the buy button before you can blink or think.
You then realise after not quite understanding what you have bought in the download page, that you have been taken for a ride and there is no person to support you or answer any of your questions. Never mind a refund.
So what do you do? Simply go onto the next new sales page with a bit of a more wary eye and repeat Episode 1. Shiny button syndrome is bad in the sense that you can actually waste a lot of money if you have it and even if you don’t. The only good thing I can say about this is that you will become increasingly aware of what is a good product or program to join as opposed to a bad one.
So Here Are Five Ways to Avoid Shiny Button Syndrome.
Number One Read my post on How to Spot a Scam Site. This will show you how to recognise a scam site before you click on the buy button.
Number Two Always be accountable and ask your closest friend or wife to read the sales page. You will see that a fresh pair of eyes will help you make a better decision.
Number Three Never make a purchasing decision when you are tired as you are more likely to make a bad one.
Number Four Set financial spending goals for your online spending and write down a budget that is realistic enough for you to stick to. Put it beside your PC or laptop and make sure to look at it whenever tempted to buy a new shiny object.
Number Five Put your credit card away far from your reach. You will find it is all too easy to spend money that you don’t have and max your credit card out as some online training programs cost thousands of pounds.
I used to suffer from this and was rescued by none other than a very vivid dream the day after I had made a very bad shiny button decision.
The story goes like this; I just happened to look at my email and my interest was sparked when I saw that a webinar was starting in exactly 1 minute’s time from an expert guru that I respect.
The email and webinar were very enticing and by the end of the webinar when a promotion was given to join and travel to the States for a 5-day seminar and 1 to 1 mentorship, I jumped at the chance. Now bear in mind that at the time I was on benefits and received only £250 every fortnight. Leaving me with hardly any money to spare
So how much was this 5 day seminar and one to one mentorship? You may ask. Well I found out the following day that it would cost me £12,000 plus £11,000 in interest. But the real crux of the matter was that I had had a vivid dream which warned me about blowing money that I did not have.
The dream went like this; I was seated in a yellow 178 bus and as I traveled along the road I noticed some covered up oil wells. There was no final destination for the bus. Also I saw myself standing in a room with some packed black suitcases having a very confused look on my face. I also was about to ring a friend of mine who is very financially smart. She appeared in the dream as well…
The following morning I had an email from two companies that were going to lend me this money. but unfortunately by then I had had the dream and realised that it would be a very bad idea to acquire a loan within a week to the tune of £23,000.
These days it is all too easy to acquire a loan even if you have a bad credit rating and have a guarantor who will pay for the loan if you cannot come up with the goods.
So what do you think the dream meant?
I wasn’t too sure myself so it occurred to me to check my Bible and look up Isaiah 17:8, Jeremiah 17:8 and Ezekiel 17:8. This is what Jeremiah 17:8 says starting from verse 5 all the way to 8;
“Thus says the Lord – Cursed be the person who trusts in man and makes flesh his arm and his heart to depart from the Lord. He shall be like the heath in a desert and, shall not see when good comes but shall inhabit the parched places in the wilderness. In a salt land and not inhabited.
Blessed is the man who trusts in the Lord and whose hope the Lord is. For he shall be as a tree planted by the waters that spreads out her roots by the river and shall not see when heat comes but her leaf shall be green and shall not be careful in the year of drought, neither shall cease from you yielding fruit”.
Now as you can see from the above statement this was a very clear warning to me. That I would never be able to repay back that loan and it was a very bad decision I had made in trying to get one. And as you can guess I had also made the decision to find the money at around 12 midnight – bad timing!
I hope that you can see how it is possible to be made almost bankrupt by falling for shiny button syndrome almost every time you see a great offer. Because not all offers are great – some may have a very high price tag attached to them and you could find yourself paying back a loan for years to come.
I understand not everyone is fortunate to receive vivid dreams to halt them in their Shiny Button tracks, but I am sure God will find a way to reach you if you believe in Him. If you don’t – you may well only have a bad gut feeling instead, but at least I tried to warn you with this post!
The Psychology of Debt
In her book, Think Like a Bank, Norma Cassius explains about the psychology of debt and I just want to refer to a few paragraphs so that you may further understand why you are more susceptible to shiny button syndrome than others.
For example, When your financial judgement has been impacted you are more than likely to make unhealthy choices, Such as purchasing unnecessary items that you can’t afford and then experiencing emotional disturbances such a sleeplessness, problematic eating habits, disruption to your daily routines, lack of peace, depression, anxiety and stress.
Being in debt for long periods of time can cause you to go through a cycle of repetitive emotions from worry to despair which may leave you feeling emotionally drained. Do not worry as there is help for those who are in a situation.
So what are the possible outcomes? You either stay in debt for a long period of time accumulating further debt or pay off what you owe. Norma goes on further to explain that all is not lost; getting into debt did not happen overnight and getting out of debt is the same. Don’t be too hard on yourself, this is a process.
Think of it like you are on a journey to a secret destination and along the way you are discovering and learning different things about yourself such as how you can find alternative creative ways to manage and maximise your money from a psychological perspective. This should be referred to as self-actualisation.
You can relate self-actualisation to money management as follows; Once you have had exposure to the knowledge and skills of how to start managing your money and making it work for you, you can use the information to start developing skills that could help you maximize your financial potential.
Being mindful of your thought processes, that is, thinking clearly and staying focused. These may seem like simple concepts but they are powerful mind processes. It is actually a skill to be able to control your thought processes and as a result be rewarded by healthier financial choices Now one thing I can take from one of her tips to help you get started in making better financial choices is this;
Cancel any outgoings that are unnecessary. Anything you have not used for more than 6 or 8 weeks you’re more than likely not going to use. Examples include gym memberships and subscriptions. Norma also says that you should find cheap providers using comparison websites such as moneysupermarket.com for bills and purchases.
If you have been with a provider for a year or more, ask if they have any loyalty packages.
Without going into great detail, you can see that there are many ways of overcoming shiny button syndrome. I have just mentioned a few that will help you get going on the road to achieving financial success.
As I said before, How to Spot a Scam Site is a post created to put you on the right road to avoid Shiny Button syndrome. Once you read that you’ll be clear in understanding what are the differences between a good sales page from a decent online site and also how to spot a bad one.
If you have any questions or comments, please see them down below.