Poverty is a topic that not everyone is willing and ready to discuss. We do not want to be poor but when asked what makes one poor, we go silent. If you are one of those people who dread being poor but do not know if you are on the right track, this article is for you. Below are 10 habits that can make you poor forever:
1. Putting all your eggs in one basket
Not literally, but I know you get the gist. When you put all your investments in one area, what happens when the deal fails? You end up losing it all. The secret to growing rich and staying financially stable is to invest in different areas such that when you are recording losses in some, you are also getting massive profits from some.
2. Being Lazy
When you are not ready to put in the work, you need to realize that you are setting yourself up for a rude awakening. Success never comes overnight and that is why you need to be consistent with your hard work.
This is a habit that a lot of people in the creative industry have. You fail to put up an article, an artwork or a video because it is not as perfect as you wanted it to be. This way, you end up constantly doing away with stuff that had great potential.
4. Lack of Confidence
Confidence has taken people places that money, status and education could not take them. Be confident in yourself and your capabilities. Apply for that job even if you think you are under qualified for it. Stop doubting yourself. There are people who are less qualified than you are that are doing the job that you are qualified for.
5. Being know-it-alls
I am yet to meet a scholar who claims to know everything in this world. Thing is, even the best business owners in the word are always open to new knowledge and information. They realize that the more they learn, the better they can get in their crafts or businesses.
6. Failing to plan, save or invest
When you get your money, the first thing that gets to your mind should not be on how you are going to squander the money. You should be thinking of where to allocate the money so that you get the best out of it. This will also give you a chance to look out for the rainy days.
7. Failing to be street-smart
When you are book smart but not street-smart, chances are that a lot of people who are less qualified than you are will end up getting the job that you are qualified for and a salary that is higher than yours. How and why, if you may ask? The world is changing and companies now are looking at what you can bring to the table and not how learned you are. Most street-smart people have the experience and know the tricks that can make them stay at a job and rise up the ranks.
8. Failing to move with Technology
Ladies and gents, this is the 21st century. What that means is that whatever worked 20 years ago may not work today. This is because we are continuously evolving and you need to wrap your head around that.
When you keep pushing forward what you ought to be doing, you end up failing to do a lot of things that could steer you towards success. So, if you want to be successful, stop procrastinating.
10. Spending more than they make
If you are that person who lives on credit, you need to stop now because you are just diving deeper into debt and this ultimately becomes a habit you cannot get yourself out of. Try as much as possible to live within your means. It is your life and no one else’s.