Leaving below your means can make you poor.

What do we mean by financial myth?

Financial myths are believes that affect your thinking about money, wealth,and prosperity but which may not be true.

How can living below your means affect your financial prosperity?

You live in a society where people grew up with the mentality of living below your means.

This false belief has caused much damage to peoples financial health. They cut down important cost that can help them grow in life thinking that they can be rich by simply being cheap.

With a view to order to living below their means, they Eat junk food in order to save more money.

They buy cheap clothes;they Ignore seminar or workshop that can change their life for the better because it seems expensive and they want to save more money.

They can't buy big Data plan to learn new things that can help them boost their income. They have forgotten that in this information age. The Information you have and the age of that information will determine how far you can go in life.

When you stick to this mentality,you are giving yourself limitation on what you can archive in life.

Once you keep your income constant thinking that you have no control over it. Hence you keep down cost that can take you from the slow track to the fast track.

Then the result you get is you remain where you are because you've not added any value to yourself.

But immediately you start looking on the side of your income and start figuring out what can be done to increase the size of your income then your brain start working.

Imagine your income is #15000 per month and you decide to think deeply on what you can do to raise this income.

So many things will start coming to your mind like

*can I start selling something to my colleagues at work and friends and family in the neighborhood?

*Let me figure out on what I can do on weekends

*should I learn new skills?

*should I renegotiate my term of employment?

Should I quit this busy job that doesn't give me significant value to myself and start something better.

Seeking answers to the above questions will lead you to infinite knowledge on how money really works rather than trapped in a dead end living that doesn't make you happy and healthy financially.

*Note:* The writer does not mean you shouldn't consider benefit before you spend.

Thanks for reading this article.

Think deeply on this before you read our next article or watch our video lecture.

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I think there are various strategies to get rich, so you have millionaires with different philosophies. Yes, there are probably common patterns or ways of viewing the world among them, but people get rich in many industries and with diverse methods. Some get rich by hoarding over time, whereas others make risky investments that pay off. I think one thing all rich people have is motivation - they must be driven to accomplish what most people cannot financially. Building wealth also requires discipline.

I saw your Facebook page and it's nice. I believe financial education is important, especially in Nigeria. Keep up the great work!

pushups44:
I think there are various strategies to get rich, so you have millionaires with different philosophies. Yes, there are probably common patterns or ways of viewing the world among them, but people get rich in many industries and with diverse methods. Some get rich by hoarding over time, whereas others make risky investments that pay off. I think one thing all rich people have is motivation - they must be driven to accomplish what most people cannot financially. Building wealth also requires discipline.

Thanks for the contribution

getting the right information matters in everything we want to do.

pushups44:
I saw your Facebook page and it's nice. I believe financial education is important, especially in Nigeria. Keep up the great work!

Thanks for the commendation

Many people think they can save their ways to prosperity, which is possible, but hard if care is not taken. It is always good to lookout for how to increase income instead. Thanks for sharing!

You're right my brother. Here is more sense about it - what helped me

https://www.nairaland.com/5616521/made-seroius-money-when-fell