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?”
Here are 6 habits that could easily draw
your route-map to a life of perpetual
poverty.
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 still 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!

too much story

very informative!!

Well, I got some points that'll help.

God bless ur hussle @ op

jimohibrahim:
too much story

Where u begged 2 read?
We always want a shortcut 2 everything.Go and do urs dat won't be "Too much story" 4 others 2 learn.If u can't, then......Shut da f**k up!!!

IDGAF:

Where u begged 2 read?
We always want a shortcut 2 everything.Go and do urs dat won't be "Too much story" 4 others 2 learn.If u can't, then......Shut da f**k up!!!

kk