1. Overspending. Poor people spend more than they earn. They borrow money they can’t even afford to pay back but keep borrowing at nonstop speed from the banks and their friends. Some even borrow from their employers to maintain their flirty or illusion lifestyle. They are always good at talking highly about their education and achievement. And you know one thing they are very good at. Shop more than twice a month and use their credit cards to buy everything they want. If you are one of those who spend credit card money every time you want to purchase the product that you wish, then you need to know that you are surrounded by poverty. It is time to break away from it before it buries you deep.
2. Nonstop complaints. These groups have an attitude and mindset that is good at complaining. They blame their poverty on the government, bad friends, bad parents, wrong partners, racism, and a bank that refused to lend them money. They complain a lot about the system. My friend, if you find yourself complaining of being controlled by poverty, then I have a message for you. Poverty goes to where it has been invited, and richness goes to where it has been invited. Everything depends on how you use your mind. Use your mind wisely, and you will get rich before you know it.
3. What I earn is too little. I can’t save anything. I heard this story every week. I get paid $1,500 every two weeks, my monthly rent is $1,200, and I must send money to my relatives in my country of origin. I can’t save anything. The truth is that they avoid saving because they need to learn how money grows. Colleges and universities have failed these groups by not teaching them the fundamentals of financial freedom and how to get there. The reality is that colleges or universities are not the best places to learn good financial skills or knowledge. Let’s get back to our figure above. This individual makes $3,000 a month but can’t save $500. The problem here is not that there is not enough money to save, but this individual is avoiding saving and trying to find a way to depend on himself for not saving. Such people need to understand the expenses they spend their hard-earned dollars on. They also need help understanding the importance of saving. They need to learn when it comes to budgeting.
4. Sleep for long hours. For these people, everything is in God’s hands. East African people will say, “God knows what I will eat tomorrow.” These groups prioritize sleeping for long hours. What is the point of getting up early when there are no mosquitoes and no ongoing civil war? They wake up only when their belly is bothering them.
5. Prioritize weekend entertainment. Nothing is more important than attending weekend parties and enjoying free things with this group. They watch too much television and enjoy their favorite dance. To them, this is a time well spent, not time wasted.
6. Spend their money on stupid things instead of investing– Poor people like to show up. They spend their money on nonsense things without reasoning. Things such as marriage competitions, wrestling completion, wedding competitions, and party dressing completion in an indirect way. This is very bad, and it is worse when you look at it in an African way, especially those from East Africa. These people see spending money on things such as getting married to many wives as a significant future investment. This is very interesting. How does buying a person who will increase your monthly budget become a tremendous future investment? It is not an excellent investment but a significant liability instead. But if you are a rich person in your society and can view it as a fantastic investment for 30 years later, then no problem.
