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!
To change my life style
It’s really very much appreciate
Thanks for the advice my dear
If we implement the three principles in a good way we can be next Bill gates
Thank you for this knowledge
What have learnt is, no matter little your income is’ saving is a must.
Need it
That’s good advices
Thanks for your advice
Nice thoughts am learning something. Thanks
Thanks for.the advices
Thank you for that advice
No matter how little it is you must have the habit of saving.
I like being updated all the time.
A word is enough for the wise!
You make my day, man!
Thanks let me try ma best to see if something gonna change to me
Very special I love it
Good insight s .
Thanks
Thanks 👍 man,nice advice
Thanks alot am learning something
God bless your inspiration words of lessons .thank you
You have opened up my eyes. thanks a lot.❤️
You open my mind man ,live within your means and save the little money you have and it have to a habit
Save for the future
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.
It’s so educative
Thanks allowing me to join
Thanks for the advice. God bless you
Thanks so much for I have learned from you today…
Strive hard and invest in assets
Good one there, keep up, let’s make this place a better one.
Thanks for the word of your inspiration word..
No matter how my salary is..
Saving is the best way from being poverty
Saving is best prier,,,liked your advice
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.
Thanks so much you make my day better than before
Saving is the order of the day ✌️
Really appreciate of what I just learned now
Very educative, thanks a lot for your words of inspiration. I’m blessed to have come across this information.
Good
Thanks a lot am learning a lot from ths article 🙌
Thanks, this is timely and useful advise
Very lnformative
Information is very relevant
Thanks,and I have learnt alot from this article
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.
Good word
Thanks for the lesson.
From today I’m gonna live all by this tactic
Noted
Thanks for sharing your knowledge with us , you thought me a lot ,and as from today Ehsallah, I will follow this method
Wao thanks for the advice
Good continue to give us more
Wao this is very encouraging and educating.thanks guys
Thank you so much for the advice