Three Habits You Must Stop If You Don’t Want to Be Poor Forever

If you are poor, you won’t be able to meet your personal needs and this will start causing you a lot of troubles even frustrate you especially when people don’t want to hear your voice in the society cause you don’t have money.

Hence, you need to avoid certain habits that leads to poverty. But unfortunately, many poor people are not aware of them. Both the rich and the poor need to read this article cause it will enable the rich to sustain their wealth and enable the poor to come out of poverty.

Below are four habits to avoid if you don’t want to end up poor in life;

1. Living An Extravagant Lifestyle
There are people who earn little salary and yet, they live above their ability and power financially. If you have not reach the level to buy something worth #20,000. Why must you buy it when you know that your salary is just #30,000.

The main reason why some people are in poverty is because of their insatiable crave for extravagant lifestyle. Learn to live within your financial status, Learn to accept where you are now in order for you to move forward.
You will be rich, if you can try as much as possible to lower your crave for extravagant lifestyle. Don’t fake it when you can’t have it!

2. Acquisition Of Liability and Not Asset
Poor people are fond of purchasing liabilities and not asset. Liability is what takes money out of your pocket, while an asset is that thing that gives you more income. An asset generats more income while liability decreases that income. For an unemployment graduate, your car may be a liability to you. While the same car may be an asset to a driver. Those things you possess that are making you spend money without receiving any income from it are liabilities that you have.

Strive hard and invest in assets. Stop buying things to impress people. When you purchase items based on necessity and the ability of that thing to generate income, then you are ready to be free from poverty.

3. Inability to Save
No matter how little your salary or allowance is, you must be able to save some money from it. Ability to save shows your level of discipline. Honestly, once you get some money. Your ego will push you until you exhaust everything. But as someone who really want to be free from poverty. Be ready to save some money for the future. Who knows, someone might want to sell something that you need to buy or need something urgently. What if you don’t have money at that time? You may miss out that opportunities for life. Start saving today!

Join Our Telegram Channel For Free Giveaways

53 Comments

  1. To change my life style

  2. Thank you for this knowledge

    What have learnt is, no matter little your income is’ saving is a must.

  3. Need it

  4. Emodiaijohn97@gmail.com
    Emodiaijohn97@gmail.com

    That’s good advices

  5. Nice thoughts am learning something. Thanks

  6. Lopech Joseph jukan
    Lopech Joseph jukan

    Thank you for that advice

  7. I like being updated all the time.

  8. A word is enough for the wise!
    You make my day, man!

  9. Thanks let me try ma best to see if something gonna change to me

  10. Good insight s .
    Thanks

  11. Thanks 👍 man,nice advice

  12. Thanks alot am learning something

  13. God bless your inspiration words of lessons .thank you

  14. You have opened up my eyes. thanks a lot.❤️

  15. You open my mind man ,live within your means and save the little money you have and it have to a habit

  16. Save for the future

  17. Thanks a lot. I’ve been a victim of this stupidity too. Although, I am no longer in that mess, your post is in order. Once more, many thanks.

  18. Angeth Joh Angeth
    Angeth Joh Angeth

    It’s so educative

  19. Arinaitwe Richard
    Arinaitwe Richard

    Thanks allowing me to join

  20. Thanks for the advice. God bless you

  21. Thanks so much for I have learned from you today…

  22. Strive hard and invest in assets

  23. Good one there, keep up, let’s make this place a better one.

  24. Thanks for the word of your inspiration word..
    No matter how my salary is..
    Saving is the best way from being poverty

  25. Saving is best prier,,,liked your advice

  26. So educative, I’m a serious victim of buying aforementioned liabilities thinking that they are assets, at the end of the day I’ll realizes that I’m chasing nothing but wind.Thanks for the superlative advice please.

  27. Thanks so much you make my day better than before

  28. Saving is the order of the day ✌️

  29. Really appreciate of what I just learned now

  30. Comfort S. Boyee Wiles
    Comfort S. Boyee Wiles

    Very educative, thanks a lot for your words of inspiration. I’m blessed to have come across this information.

  31. Thanks thanks a lot am learning a lot from this
    Thanks thanks a lot am learning a lot from this

    Thanks a lot am learning a lot from ths article 🙌

  32. Thanks, this is timely and useful advise

  33. Very lnformative

  34. Information is very relevant

  35. Thanks,and I have learnt alot from this article

  36. Thanks so much for the advice,though I practice it three years ago by saving then my savings really helped me a lot in 3 months lockdown during covid 19 period. Your advice really make sense.thanks.

  37. Thanks for the lesson.

  38. From today I’m gonna live all by this tactic

  39. Noted

  40. Thanks for sharing your knowledge with us , you thought me a lot ,and as from today Ehsallah, I will follow this method

  41. Wao thanks for the advice

  42. Good continue to give us more

  43. Wao this is very encouraging and educating.thanks guys

  44. Thank you so much for the advice

Leave a reply