7 Habits of Poor People That Keep Them Poor
The Rich do the things that make rich. The Poor do the things that make poor. To become RICH, stop doing the things that make poor!
The Rich do the things that make rich. The Poor do the things that make poor. When you stop doing the things that make poor, and start doing the things that make rich, you'll surely become RICH.
Inability to Save and Invest. The poor work for money, same as the rich. But even though they know that it is not how much money you make, but how much of it you keep and multiply that makes you rich, they still are unable to apply that principle. On the other hand, the rich not only work for money, but more importantly, they send their money to work, by applying the above principle.
The Poor keep poor company. In other words, they do not go where the money is. If you want money, go where the money is! Some jobs, trades, businesses, careers, professions and locations offer better chances, not only for making big money, but also for meeting influential people, and serving them. When you deal with the wealthy, their wealth must somehow rub off on you. If your job, trade, profession, business, career or location is not leading you to that level of life you want to live, then why stick to it? Make a change! It is never too late to go where the money is. The earlier you do the better.
The Poor focus on financial survival. The poor tend to forgo the good things of life. They adopt the habit of self-denial. They see themselves as victims. They live in self-pity. They cut-back on essentials, and even the occasional luxuries. Instead of seeking ways to increase their income to meet their needs, they focus on the next item to forgo. They perpetually fight a losing battle of expanding needs versus static income.
The Poor expect a financial miracle! Hence they embrace "get-rich-quick" activities (pools betting, gambling, casino, etc) hoping for sudden wealth that never comes. They end up making others richer, and they themselves poorer. The fact that pools betting and casinos are thriving businesses suggests that there are more losers than winners. In other words, while the poor WAIT to get lucky, the rich WORK to get lucky.
The Poor do not to 'see' potential money. In other words, they fail to recognise money that is not yet converted into cash. Many poor people have dis-used items, talents, abilities, specialised knowledge, information and hobbies that could be converted into cash or developed into full fledged business. But they are incapable of converting or packaging these assets into products or services that many people want and are willing and ready to pay for. They forget that they can create enormous wealth by adapting their passion, talents and abilities towards the improvement of life for others, through the provision of products and services.
The Poor lack viable money-making ideas. If you can generate workable money ideas, you can become rich. You are truly poor only when you lack ideas. If finance is the issue, then approach a benefactor or financier with your workable proposal, showing how and where you want him or her to come in. If necessary, explain what results or profit you expect, and how he or she can benefit from it. A good viable money-making idea that is well packaged and presented will always get the attention it deserves.
The Poor justify their poverty. The poor give all sorts of reasons for their failure. The poor are good at not accepting responsibility for their financial status or situation. They will rather blame people and circumstances for their plight. Hear them: If I had a university degree. If I did not have a wife and children. If the economy was not into recession. If I were younger. If I had rich parents, etc. However, no matter what alibi they come up with, they still remain poor because alibis do not translate into money.
Stay Smart, Wealthy and Wise!