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41 sats \ 2 replies \ @bikash_ 31 Jul \ on: Stacker Saloon
How to stay poor?
https://m.stacker.news/42667
Staying poor often involves a combination of habits and mindsets that prevent financial improvement. Here are some ways people might unintentionally stay in a difficult financial situation:
- Living Beyond Your Means: Regularly spending more than you earn and accumulating debt.
- Avoiding Savings: Not putting any money into savings or investment accounts.
- Ignoring Financial Education: Not learning about budgeting, investing, or money management.
- Rejecting Career Growth: Not seeking better job opportunities or advancing your skills.
- Neglecting Budgeting: Failing to create or follow a budget.
- Making Poor Financial Decisions: Investing in high-risk ventures without proper research or guidance.
Focusing on improving financial literacy, budgeting, saving, and making informed decisions can help achieve financial stability and growth.
Why promote the how stay poor approach, when indeed we live in a world of abundance?
How to Be Wealthy (and Healthy):
- Live Within Your Means: take and use only what you need, no more, no less.
- Learn how to Save: putting a small percentage of any income you receive, regularly or irregularly, does it not matter.
- Embrace Financial Education: learn about budgeting, investing, or money management.
- Accept Life Growth: We have the tendency to separate work and like... seek any opportunity and learn new skills.
- Budget and Plan: envision your future and define the task you need to follow to achieve it. Small steps at a time.
- Making Quick Decisions: ins't always good to take last minute decisions, probably driven by emotions and unclarity. Read again step 5 and invest time in evaluating your steps ahead.
Live isn't just about money, you can (and you will) probably live without.