Source:
https://www.nairaland.com/2422600/six-habits-make-remain-poo
The fact that you were born poor doesn't mean you should die poor. Eight out of ten people will have done something that will make them poor by the time you finish this essay. Only two out of ten people will have done everything they can to make sure they will be rich in the future. Do I belong to the lucky 2 or the bad 8? That's what you should be asking yourself today.
Here are five bad habits that could lead to a poor life.
1. Instead of focusing on passive income, you focus on income that comes in at a steady rate.
When most people think of income, they think of their salary, their allowances, and one-time payments, like when they get a bonus. It's a different story for wise people. They value things like royalties and interest rates, as well as value addition and profit as sources of passive income.
Getting water from a river with buckets is like relying on linear income. Old and tired people can no longer move things back and forth, so they'll have to go hungry as long as they don't go to the river.
Passive income, on the other hand, is like building a pipeline. It may be hard at first, but in the long run, you won't have to walk to the river to get water. The river will come to you, and you won't go hungry.
This is the most important thing you need to know about making money, but most people don't know it.
Until now, you haven't started down the road to becoming a winner.
Everyone wants to be successful, but only a few people are willing to take the risk of going into the icy water. Does this make sense to you? There has never been a marathon race won or even finished by someone who didn't even start.
While you say you don't have enough money to start, someone else is making good use of their money.
Other people are making business ideas while you're complaining about not having any. During your whining, someone else is thinking about how to start a business to solve that problem.
If you keep waiting at the start line, poverty will eventually find you and stay with you as a friend.
3. Spending more and more money is a great way to get into debt and stay in the lower classes of society.
To stay out of debt, you'll need to either make more money or spend less money. The first and best thing to do is to make more money while keeping your expenses the same. As you may know, the only way to do this is to come up with a lot of different ways to make money. This takes a lot of thought.
The second option is to cut back on non-essential spending. If you make budget cuts, the money you save could be used to start new investment projects down the road.
"Life is too expensive," "It's hopeless; I'll never get out of debt," or "I don't make enough money." 4. You don't do anything.
Any of these words, or maybe even all of them? We all have old habits that we want to keep, but if we don't change them, we and our future generations will all end up poor.
Stop whining and making up excuses that aren't true. Instead, take responsibility for your bad habits and promise to change them. Then, do it!
5: You think that tomorrow will not care about your problems.
In the 1950s, a scientist at Harvard University looked into the factors that helped people move up the social ladder. Why did some generations have more money than others? "The Time Pespective" was the only thing that all of his research led him to. It was the only thing that could predict success better than any other.
It's how far into the future you think about when you make a decision today. It's smart for a family man to buy land or insurance for their child even though he or she won't need it for the next 18 years. This is an example of having a long-term view. Long-term strategy: Making short-term sacrifices in order to get better long-term results is what this strategy is all about.
Most people stay poor because their "temporal perspective" is focused on short-term goals like meeting basic needs, buying luxury goods, paying rent, and so on. No, I don't think so.
It takes more than just having a lot of money and being rich to be rich and successful. The feeling of happiness and contentment that you share with other people is called "spread happiness." So, as you try to get out of poverty, remember to be happy about it.
https://www.nairaland.com/2422600/six-habits-make-remain-poo
The fact that you were born poor doesn't mean you should die poor. Eight out of ten people will have done something that will make them poor by the time you finish this essay. Only two out of ten people will have done everything they can to make sure they will be rich in the future. Do I belong to the lucky 2 or the bad 8? That's what you should be asking yourself today.
Here are five bad habits that could lead to a poor life.
1. Instead of focusing on passive income, you focus on income that comes in at a steady rate.
When most people think of income, they think of their salary, their allowances, and one-time payments, like when they get a bonus. It's a different story for wise people. They value things like royalties and interest rates, as well as value addition and profit as sources of passive income.
Getting water from a river with buckets is like relying on linear income. Old and tired people can no longer move things back and forth, so they'll have to go hungry as long as they don't go to the river.
Passive income, on the other hand, is like building a pipeline. It may be hard at first, but in the long run, you won't have to walk to the river to get water. The river will come to you, and you won't go hungry.
This is the most important thing you need to know about making money, but most people don't know it.
Until now, you haven't started down the road to becoming a winner.
Everyone wants to be successful, but only a few people are willing to take the risk of going into the icy water. Does this make sense to you? There has never been a marathon race won or even finished by someone who didn't even start.
While you say you don't have enough money to start, someone else is making good use of their money.
Other people are making business ideas while you're complaining about not having any. During your whining, someone else is thinking about how to start a business to solve that problem.
If you keep waiting at the start line, poverty will eventually find you and stay with you as a friend.
3. Spending more and more money is a great way to get into debt and stay in the lower classes of society.
To stay out of debt, you'll need to either make more money or spend less money. The first and best thing to do is to make more money while keeping your expenses the same. As you may know, the only way to do this is to come up with a lot of different ways to make money. This takes a lot of thought.
The second option is to cut back on non-essential spending. If you make budget cuts, the money you save could be used to start new investment projects down the road.
"Life is too expensive," "It's hopeless; I'll never get out of debt," or "I don't make enough money." 4. You don't do anything.
Any of these words, or maybe even all of them? We all have old habits that we want to keep, but if we don't change them, we and our future generations will all end up poor.
Stop whining and making up excuses that aren't true. Instead, take responsibility for your bad habits and promise to change them. Then, do it!
5: You think that tomorrow will not care about your problems.
In the 1950s, a scientist at Harvard University looked into the factors that helped people move up the social ladder. Why did some generations have more money than others? "The Time Pespective" was the only thing that all of his research led him to. It was the only thing that could predict success better than any other.
It's how far into the future you think about when you make a decision today. It's smart for a family man to buy land or insurance for their child even though he or she won't need it for the next 18 years. This is an example of having a long-term view. Long-term strategy: Making short-term sacrifices in order to get better long-term results is what this strategy is all about.
Most people stay poor because their "temporal perspective" is focused on short-term goals like meeting basic needs, buying luxury goods, paying rent, and so on. No, I don't think so.
It takes more than just having a lot of money and being rich to be rich and successful. The feeling of happiness and contentment that you share with other people is called "spread happiness." So, as you try to get out of poverty, remember to be happy about it.
