Did you know POVERTY can cause mental health??? here are the 6
Habits that can Keep You Poor and make you psychologically tortured…
You were born poor,
but if you die poor you have yourself to blame. Before you finish reading this
article, at least 8 out of 10 people will have done something that contributes
to their future poverty. Only 2 out of 10 will have done what is required to
remain prosperous in the future. The question you need to ask yourself today
is, "I'm I among the lucky 2 or the not-so-lucky 8?"
1.You focus on linear
income instead of passive income
Most people focus on
linear income in the name of salary, allowances and one-off payments. Wise men
on the other hand focus on passive income in the name of royalties, interest
rates, value addition and profit.
Relying on linear
income is similar to using buckets to fetch water from the river. With time,
you’ll get too old and too tired to transport them to and fro and that means
you’ll have to starve for as long as you don't go to the river.
Relying on passive income on the other hand is
similar to building a pipeline. It may require a lot of work at the beginning
but with time, you’ll no longer have to go to the river to get water – the
river will come to you and you'll not starve.
This is the most
fundamental principal of wealth creation that most (including you) are
oblivious about.
2.You’re still waiting
to start your journey of success
Everyone wants to
succeed but very few people are willing to step into the cold waters. Do you
see the problem here? In the history of the world, no marathon race has
ever been won (or even finished) by someone who never left the starting line.
As you’re stuck saying
that you have no enough capital to start, someone else is busy making good use
of whatever little they have.
As you’re busy
lamenting that there are no business ideas, someone else is busy sharpening his
innovation claws.
When you’re busy
complaining about a problem in your society, someone else is busy thinking how
to start a business that solves that problem.
Continue waiting at
the starting line and poverty will soon find you there to keep you
company.
3.When you earn more
you spend more
Consistently raising
your expenditure is a good way to accumulate debt and to remain stuck in the
echelons of poverty. To stay out of bad debt, you will either need to find a
way to earn more or spend less. The first and best option is to find ways to
earn more and keep your expenditure constant.
As you know this can
only be done by creating multiple streams of income and lot’s of thinking is
necessary in that case.
The second option is
to simply cut on unnecessary expenses. The money that is saved from these
budget cuts could be used for embarking on future investment programs.
4.You complain instead
of committing
“Life is too
expensive”; “It’s hopeless;
I’ll never get out of debt”; “I don’t earn enough money.” Have you
ever uttered any of these statements before, or perhaps all of them? Old habits
die hard; however, as long as you do nothing to change; then you and your
coming generation have a direct ticket to the land of poverty.
Stop complaining and
making lame excuses. Instead, take responsibility for your non-productive
habits and focus on changing them – then do it!
5.You live for today,
hoping tomorrow will care about its worries
In the 1950s a
scientist from Harvard University studied the reasons for upward socio-economic
mobility. He wanted to know how comes some generations get wealthier while
others get poorer. All his research brought him to a single factor that he
concluded was more accurate than any other thing in predicting success – he
called it “The Time Pespective”.
Time perspective is
basically how far you project into the future when you make a decision today.
An example of a long-term perspective is when a wise family man buys land or
insurance for their child, even though he or she will not need it for the next
eighteen years. This is a long-term approach that involves sacrificing in the
short term to assure better outcomes in the long-term.
Most people remain
poor because their “time perspective” is focused on short-term goals such as
meeting basic lifestyle needs, buying luxury items, paying rent etc…are you one
of them?
6.You just don’t get
it!
The problem is that you keep
learning but you don’t get it. You’re educated but you've never internalized
what your teachers told you. You have knowledge but you don't want to think too
hard how to use it. You're still stuck at the starting line all along because
you don't want to start small and grow bit by bit from there. You're stick
stuck in the lottery mentality hoping that one day you'll wake up and voila!
discover "the newest, incredibly easiest way to get wealth."
Most people remain
poor, not because they don't have the knowledge. Not because they don't read Kuza Biashara and other business-related
articles. But because they don't LEARN BY DOING. They just don't get it!
Final word
Being wealthy and
prosperous requires more than just physical ownership. It is a state of
happiness, well-being while wishing the same for others. So while you are
working to escape from poverty, remember to be happy along the way!
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