Poverty
Nobody loves poverty because it does not dignity anyone. Our society honors the rich while it despises the poor.

Besides, if you are poor, you won’t be able to meet your educational, vocational or personal needs.

Hence, there is a need for you and I to avoid certain habits that engender poverty.

Unfortunately, many poor people are not aware of them. Both the rich and the poor need to read this piece.

Because it will enable the rich to sustain their wealth while it will enable the poor to come out of poverty.



Four Basic Habits You Must Avoid If You Do Not Want To Be Poor

• Acquisition Of Liability

Unfortunately, the poor people are fond of purchasing liabilities and not asset.

What is a liability and asset? Liability is what takes money out of your pocket. While an asset is that thing that gives you more income.

An asset generates more income while liability decreases that income.

For an unemployed graduate, your car may be a liability to you. While the same car may be an asset to a driver.

Those things you possess that are making you to spend money without receiving any income are the liabilities that you have.

Job’s Assets

Job 1:3
[3]His substance also was seven thousand sheep, and three thousand camels, and five hundred yoke of oxen, and five hundred she asses, and a very great household; so that this man was the greatest of all the men of the east.

When the Bible described Job. He was described as someone who had so many animals that could be regarded as assets. No wonder he became the great in the east. It was the rearing of those animals that brought him a lot of money.

Therefore, invest in assets. Stop buying things to impress people. If you buy things to impress people, you will remain poor.

But if you buy things based on necessity and the ability of that thing to generate income. Then, you are ready to be free from poverty. Stop acquiring liabilities, rather, start buying assets.

Land is an example of an asset.


•Impulse Buying

Proverbs 13:16
[16]Every prudent man dealeth with knowledge: but a fool layeth open his folly.

Buying goods and services impulsively will make you end up buying things you do not really need.

Refuse to be captivated by the outward appearance of products. Refuse to be captivated by catchy advertisements that you see every day.

Be determined to buy products that you really need. Whenever you want to buy anything.

Ask yourself these salient questions?
• Will I survive without this product?
• Is this thing/product important to me?
3. • Do I have other alternatives if I don’t buy this thing?

In other words, if that product is important to you and you cannot possibly survive without it. Also, if you don’t have other alternatives. Make sure you buy it.

Buy things with sense. Do not be quick to jump, pick products and pay for them. Make sure you need them before you buy them. You may need something and not want it.

Try to know the difference between want and need. You must learn to buy things with sense if you don’t want to be poor.


Keep reading here; http://www.tundekorede.com/four-habits-you-must-avoid-if-you-want-to-be-free-from-poverty/