I want to believe you read my
previous post on the mystery of money, if you have not, try to read it.
Financial education is one of the main themes of this blog, and I will try as much
as possible to write on topics that will help to turn your financial life
around.

One of my natural gifting is the
ability to observe objects and events critically and draw essential lessons
from them.  You will agree with me that
some persons due to their background or setback in business or career have
unconsciously chosen to remain poor. The life of this category people remains
static and unchanging. In the deepest part of their heart, it is never their
desire to remain poor, but most often they are ignorant of the things that are
holding them back financially. Therefore the object of this article is to
expose those factors that have the likelihood of keeping one bound in poverty.
It is a popular belief that a problem identified is 50% solved, so by knowing
why people remain poor, you will be able to position yourself in the right way
so that you won’t be a victim or reposition yourself in case you are victim in
way that will set you free from the limitations.

After thorough investigation,
some of the reasons why people remain poor include the following:

1. Solely relying on only one stream of
income: To get out of poverty very fast, one source of income can never be
enough. If you observe the life of rich people, you will observe that none of
them rely on one source of income. One of the reasons you are still poor is
because you only depend on one source of come. The average poor man is a
self-employed professional, or an employee, who earns a meagre salary, and
keeps doing what he does for a living without improving or thinking of other
means of generating money. When he becomes broke, he blames God, devil or the
government for his financial predicament. Even after many years of whining, he
still remains at the same spot financially. If you must get out of poverty, you
must have a burning desire to acquire wealth, and be willing to learn all that
you need to know on how money works, and apply what you have learned by taking
the right action. L. Ron Hubbard said, “I never count on any one
source. I always plan to get the total sum of the money I need from each one of
three or four ways or sources. The mistake people often make is that once they
get a steady source of come and become comfortable, they naively think they
have arrived. However, as their financial problems increases, or experience a set
back in business, they regrettably find out how poor they are. Once you have a
steady source of income, try to create another and yet another until you have
enough streams that will put you where you desire to be financially.

2. Not looking for opportunity to make money:
When it comes to making money, you don’t wait for opportunity to find you, it
is your sole responsibility to seek or create opportunity to make money. The
truth is that with your skills and the environment you are right now, there are
numerous opportunities to make more money, the only reason you can’t see them
is because you are not making conscious effort to see them, or you are probably
blind in the mind. In Hellen Keller’s word, “the only thing worse than being
blind is having sight but no vision.” You are not poor because you lack
capital, but because you are blind in the mind.You are still poor because you
have ignorantly conditioned your mind that money can only come from your
current skill. If you are teacher, a technician, a bricklayer, a programmer, a
writer as the case maybe, you only focus on what you do as a means of solving
your financial problems, even if you are suffering financially. You never
thought that there are other things you can do to make money. It never occur to
you that you can learn anything you need to learn to achieve your financial
goals. To make more money, you must make a deliberate effort to think and seek
for other opportunities to make money in your environment. The opportunity out
there is unlimited.

3. Unwillingness to start small: I have
discovered that one reason people remain poor is because they are unwilling to
start small. They want to wait until they have enough to set up a conglomerate
because they can start. Most often people like this end up doing nothing, and
die in poverty. If you must be rich, you must be willing to start small. You
don’t climb the ladder of financial success from the top to the bottom. You
must climb from the bottom to the top, and climb it one rung at a time. Most
people who are wealthy in our society today, started with little or nothing,
they remain focused and steady. They despised the shame of humble beginning and
gradually carried their cross until they become the envy of those around them.
Bishop David Oyedepo said, “if you despise the days of little beginning, you
will never see great days.” He wrote in his book, exploiting the secrets of
success that “what you need to succeed is insight, not capital, and the insight
you need demands your humility.” No matter how little you have right now, start
that your business idea. Your business environment may not make sense now but
overtime it will. Someone once said, I may start radarada(anyhow) but I will
end daradara(well).

4. Self-limiting belief- One of the main
factors that keep people in poverty is self-limiting belief. Until you overcome
your self-limiting beliefs, you will never have any incredible result in life.
Brian Tracy, the author of no excuses
defines self-limiting belief “as an idea you have that you are limited in some
way in terms of time, talents, intelligence, ability and opportunity.” One
thing you have failed to realize is that the same obstacle that is holding you
back has been on the path of other successful people at one time in their life
journey. The difference between you and they is that instead of complaining,
giving excuses and whining, they become determined, and caused their obstacle
to be their stepping stone to success. When you allow unpleasant circumstances
to condition your mind to believe that poverty is your lot in life and that
there is no way you can beat the odds that are standing between you and a life
of financial abundance, then you are suffering from self-limiting belief. If
you must attain financial freedom, you must purge your thinking of limiting
beliefs. The antidote to limiting belief is truth. When you know the truth
about your real potential as a human being, the truth shall set you free.

5. Thinking it is too late to be rich: Sometimes
people remain poor because they thought it is too late for them to become
successful financially. But the truth is that people in this category are
wrong. There are so many wealthy people that started late in life and still
achieve their dream of being rich before they died. One sign you have given up
on ever becoming rich is the resolve that you will give your children the best
of education so that the height you didn’t attain financially, they can attain
it. It is a laudable ambition to train your kids, but giving up on your own
chances of becoming somebody financially is suicidal. It is never too late to
begin. The thought that you are already old is a limiting belief.

6. Discouragement: one of the reasons one
may remain poor in life is discouragement. I was privileged to learn lately
that we overlearn from experience. I once read the story of a cat that sat on a
hot stove and had to jump down from the stove because of its hot temperature.
There was another time that the stove was actually cold, the cat needed to sit
on it to be comfortable, but because it got 
burnt by the stove the last time it sat on the stove, the cat didn’t make
any attempt to sit, because the cat naively assumed it would get burnt by the
stove again. The moral of this story is that we overlearn from experience. It
is possible you have made certain efforts in the past, but because your effort yielded
no positive result, you have allowed the past failure to make you depressed, frustrated
and hopeless. No wonder you are no more willing to try. The truth is that, the
fact that you failed in the past does not mean you will fail again. Succeeding
financially is not something that takes place overnight; it requires time,
dedication and persistence. You must be willing to fail over and over again
until you succeed.
Source:http://www.taiwoemayosan.com/2016/01/6-reasons-people-remain-poor_31.html?m=1

Cc: lalasticlala

7. Sympathising with poverty







Thank you.
Now we know.


NYC 1 op...

Never stay broke
walai we stay rich!

Daretodiffer explain the sermon please

my brother nice one.

Cholls:
my brother nice one.

Thanks bro.

Nice post OP! ..dia re so many reasons ..love d numba 1.. Pple also remain Poor looking 4 white collar jobs nd nt planning to start dia own Business or learn something .,like now fcmb nd 1 Oda bank sacked some workers nd yet pple re nt thinking in dt direction ..anoda 1 is nt taking action!
#entrepreneurship

babz510:
Nice post OP! ..dia re so many reasons ..love d numba 1.. Pple also remain Poor looking 4 white collar jobs nd nt planning to start dia own Business or learn something .,like now fcmb nd 1 Oda bank sacked some workers nd yet pple re nt thinking in dt direction ..anoda 1 is nt taking action!
#entrepreneurship

You are absolutely correct. Thanks for commenting.

LONJITARLE:
7. Sympathising with poverty






Thank you. Now we know.

NYC 1 op...
Never stay broke walai we stay rich!

You are on point. Thanks for your contribution.

This piece has made my day. Thanks OP

You are welcome sir.