10 MONEY HABITS THAT KEEP YOU POOR.


The path to financial freedom is much more than just staying focused working hard. They are other factors to consider while yearning for financial freedom and we are going to adumbrate it here.





1.) TAKING FINANCIAL ADVICE FROM POOR PEOPLE.


"How to get rich is to go to school, graduate with good grades, then get a good paying job." This sounds familiar right? You must have heard it from one or two people. This are the kind of people you must distance yourself from. The sad truth is, you won't get rich getting rich for someone else. Stop talking to people who are unsuccessful, talk and listen to people who are where you want to be. You are the average of the 5 people you send most of your time with. If you walk with 5 broke people, you surely will be the 6th broke person.


2.) GAMBLING AND LOTTERY


This is simply depending on luck to make money. Rich people don't depend on luck to make money, they have totally control of their lives and don't need luck to make their money. Life is a probability game and what rich people do is to increase the probability of making more money and that is why the rich always get richer. (Unpopular opinion: The money and time you use to gamble is enough to make you some money.)



3.) SPENDING MONEY ON THINGS YOU WANT, AND NOT WHAT YOU NEED.


Poor people are quiet marketable. Big fashion brands make so much money from broke people. Poor people think rich people wear branded out fits, Big fashion brands being conscious of this, pay celebrities to wear their products so that we see and begin to crave for them, and cause of this, we spend all our money on them. We even go as far as getting into debts just for this, this leads to fake living. I over heard someone say 'Your looks is more important than anything else, invest in your looks so that people won't know what you're going through." This is a mentality of a poor person, if you want to get rich, avoid thinking this way.


4.)CHECKING DAY TO DAY SPENDING ANALYSIS 


Have you ever had some money and before you know it, it's all gone? If you have, don't feel bad, we have all been there. Poor people complain about not having money but spend money the second it hits their account without keeping track of where the money goes. If for one day you calculate how much money goes to your data and Netflix subscription, you'll be shocked how much money you've been spending. Check out this article 'How to budget your money' to help you keep track of where your money goes to.


5.) HAVING ONLY ONE SOURCE OF INCOME.


Poor people often take their Jobs as their only source of income. Imagine a situation whereby you get hit by a truck or something and you aren't not able to go to work for the next 3 - 4 months and there's no money coming in, how then do you intend on paying your bills? Current research has shown that 65% of self-made millionaires had three streams of income, 45% had four streams of income and 29% had five or more streams of income. Poor people only make money while their working but rich people make money even while they're sleeping, this is the beauty of entrepreneurship.


6.) WASTING TIME AND MONEY ON ENTERTAINMENT.


Time as we all know is the most expensive thing around, wasting it on entertainment won't do you any good. If you're broke at your 30s, it's probably because you procrastinated in your 20s. You want to make good use of your time? Work more on creating things than consuming things. Rather than burning 2hours of your time watching a Netflix movie, you could work on your business and in no time, you'll begin to see a difference.


7.) SPENDING BEFORE INVESTING.


Poor people spend money as soon as it hits their account before even thinking of investing. They receive money, spend it then invest what ever is left, and from experience I can tell you there's always nothing left behind. Rich people do the opposite, you receive money, invest before spending. Practicing this habit as a baby entrepreneur will do you a world of good.


8.) UNHEALTHY LIFESTYLE.


A lot of you may not agree with me but I'll be as plan as possible. Cigarettes makes you poor. Alcohol makes you poor. Drugs makes you poor. Eating fast food and watching TV all day makes you poor. Apart from the fact that they actually drain your pockets, they also serve as a domino effect connected to everything in your life. They are certain Job opportunities that may come your way but for the fact that you're a drug addict, or you take too much alcohol or you're over weight due to continuous consumption of fast food, the Job might just pass you by. All this had habits will also affect your health and you know how expensive it is to take care of your health and guess what? this costs you money and in turn leaving you broke. There is a saying that goes Health is Wealth.


9.) URGE TO MAKE MONEY FAST.


This is one very huge mistake poor people make, they always want money to come fast and easy. Once they cultivate such mentality, they get frustrated when the money doesn't come fast and easy like there presumed it to, and cause of this, they make likely venture into arm robbery, internet fraud popularly known has 'Yahoo', and all other forms of criminal activities just to get there. That is not how money works. Truth is, it's easier making money legally than actually trying to run a cartel. Read rich people, follow their steps and watch yourself grow.


10.) STAYING POOR IS A CHOICE.


The habit of thinking of yourself as poor is what is keeping you poor. Complaining about your current situation will do you no good, instead ask yourself 'What must I do?' once you ask yourself this question, pay attention to your subconscious mind and watch ideas fly into your head. Remember, there's power in your tongue, never refer to yourself as poor. 



10 MONEY HABITS THAT KEEP YOU POOR.

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