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.
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What is Asset Vs. Liability?
Asset vs Liability
It’s a common misconception: many people mistakenly label certain purchases as assets when, in fact, they are liabilities. Let’s delve into this further.
1- New Car.
2. House
3. New Boat
This is to mention a few things people spend their hard-earned dollars on. A new car is a liability, not an asset because you will keep maintaining it. A house that you made a down payment for $100,000 and still have the mortgage to pay off in the next 30 years is also truly only an asset if it is a rental property and you are making money from it. If the house is not a rental property, it is only an asset once you pay it off. The mortgage company owns This asset by name, and you are just leasing from the mortgage for the next 30 years. When it comes to the issue of the boat. You have to maintain the boat to keep you safe in the water.
For instance, if you have $100,000 in cash, investing this money first might be more beneficial. Use the profits from your investments to fund your desired purchases. This way, your wealth can continue to grow while you enjoy the fruits of your financial prudence. Are you one of those people who spend their money on liabilities, thinking it is an asset? If you are, then the team of experts at PD Group can help you get out of the mess.
Mind, Mind, and Mind. The Vital Part of our Body
Control your mind at all costs because it is the best thing. If you fail to control your mind calmly and peacefully, someone else will end up controlling it for you, and that will be it for you and your future. You can allow people to control your assets and cash, but never give up on controlling your mind. Letting someone else control your mind is the worst thing you could do to yourself.
Don’t become angry when people throw stones or words at you. Don’t try to help rigid people understand you because they will never understand you anyway because they are too inflexible. Every button that you touch is a lousy button for them, therefore causing unnecessary war and unavoidable depression.
These rigid individuals will do everything to corner you into their proper channel. When you allow them to do so, you give them the power to drive you the way they want, Left and right, you name it. You are now dead because they are controlling your mind. How can you tell if someone is about to control your mind or already controlling your mind? It is straightforward: anytime you have a family talk or business talk with this group of individuals, they will get angry quickly for no reason, and they want to make you angry like them. In addition, they will immediately order you to abide by their rules whether you want or not. Some will come up with a negative conversation to get you upset. If you get upset quickly when talking to your partner at your place of work or partner at home, then know that that individual is now controlling your mind. However, there is still an easy way to regain complete control of your mind.
Here is the list
A- Allow the rigid people to be angry at you, but don’t be angry; respond with an honest smile. (No fake smile, only honesty.) Remember, you are doing this for your good, so giving a fake talk and a fake smile to the other part will hurt you.
B- When faced with aggression from this group, choose not to retaliate. You demonstrate your emotional maturity and self-control by refraining from responding in kind. Remember, you are in control of your actions, and by not hitting back, you maintain your dignity and integrity.
C- Talk less and allow the other party to take you the way their mind likes. Refrain from trying to prove yourself. You know you are 100% innocent, and you are being honest; allow them to take you the way that makes sense to them. Refrain from trying to correct them. Save yourself energy and stress. You will appreciate yourself later.
D—Don’t judge them, and don’t correct them. If this party calls you stupid, respond like this: Oh, thank you so much. I am glad you called me a silly person. Or say something like this: Thank you for being honest with yourself and me. I appreciate your proper judgment; I am indeed a stupid person.
E- Zip up your mouth for 85% of the time.
F- Mediate 1 hour every day.
G. Take a deep breath in before bed, hold it for 2 minutes, and breathe out. Do it three times before bed; your mind and body will know there is no danger, and you will sleep well.
H- Smile, be happy, and have joy in you.
Don’t forget, you came alone, and you will go alone. Even those who say they love you will never go with you. While you are in the hospital, they will be at home watching their favorite movie. Learn to understand that you came alone with nothing; you are now alone and will return alone. This is true. You are good only at the time you were born and good at the time you are dead, but between you, just managing. People will talk highly about you when you are gone, bringing flowers to your grave because they know you are not returning. You are gone and gone for good. Those who master their mind live a happy, joyful, and peaceful life. It took me 26 years and one week to learn this life-changing technique. How I wish I had discovered it when I was 12 years old.
I am your friend, Peter Deng, and there are so many areas I can help you with because I have knowledge that you can’t get from any textbook. Stop by my office or call now at (802) 393-9507
Big Refund In The Upcoming Tax Season
Tax season is at the corner and many taxpayers across the country will start experiencing low to high fever about the tax issue this year. Well, if you are self-employed and you don’t have a good accountant like Mr. Peter Deng of Peter Deng Tax Service then your fever could even go higher, and it is understandable.
Everything is fun in America, but taxes are not fun to deal with, during the tax time many taxpayers who haven’t paid their good share of taxes during the year ended up paying big to Uncle Sam and State department of taxes during tax time. Business People end up paying millions of dollars back to the IRS and State department of taxes and even the local taxes. Homeowners also pay for their property taxes and so on.
Despite the fact that tax time is not fun, and it is a season that is not celebrated by everyone, well there is still one group of people that look forward to the tax season knocking at their doors. The low-Income American group is the one being favored by the tax system. Low-income American families takes home every tax season millions of dollars in tax refund. The family of 5 members earning yearly wages of $18,000 to $25,000 could take home a refund amount of over $10,000 which is almost half their yearly income. This group is expected to get a big refund this tax season compared to last year.
Last year’s tax season was the worst tax season ever with the families not getting full child tax credit refunds due to the advance payment that was made out to them during the year by the IRS. Families who used to rely on their tax refund to survive were affected so badly for something that was poorly planned by people in power that changed tax rules. This coming tax season is different because no child tax credit payments were made in advance like last year, and so families with less income are expected to get a big refund this year.
It is going to be a big tax season for families with children and who make less income at the same time.
