subject: Top Reasons People Are Poor [print this page] This is now the formal start of my financial planning guide lessons. Since in our earlier series of steps (for those who are new in my weblog click here and follow each step) they already talked about the necessary steps to take before actually planning your financial life.
You already have a dream life, a financial objective, and now it is time for the "apply lessons-fail-plan again-repeat until successful" part of financial planning.
Now let's discuss the six most common reasons why plenty of people are poor.
1. Because most people do not need to be rich.
Yup, you heard me right! They do not need to be rich. I do know plenty of of you would react and say, "I have never heard a person say that he does not need to be rich". In fact if I ask you right now in case you need to be financial free and be rich?
The common answer would be - OF COURSE!
Yet, I have crossed plenty of people in my life that only say that they need to be rich yet their actions do not walk their talk. Some even pray to God like this - "Lord make me rich and rich but not much, I do not need to be bad."
It is this sick idea that when a person is rich, they are far from God's love. Perhaps they have forgotten that plenty of prophets in the elderly testament like Elijah, King Samuel and David were all rich people yet they were close to God.
I think plenty of people view it this way because it was formed by our culture this way. Today increasingly media influences people in Sydney (for example) that romanticizing wealth is a tragic thing. Plenty of people even baffle the words like "I'd be happy than be rich" which is a lovely example of romanticizing poverty. In my life, I have always seen this as a wrong belief about wealth for whenever I had no money to buy my needs I could not sleep at night.
So I ask myself, how in the world can other people say that being poor makes us happier? Not being able to sleep at night is depressing . Say this to yourself now - "I am rich because I do know God loves me and he desires to prosper all the works of my hands, even my money".
2. Most people are poor because they are Financially Dull.
Obviously plenty of fail in their financial planning because they do not understand how money works. They do not even understand the meaning of lovely debt and bad debt, so they go around the mall wide sales and squander all their hard earned money to buy liabilities. (In our future financial planning guide lessons, I will go in to the details of lovely debt, bad debt, assets and liabilities)
Much worse, when they don't have money to buy what they need, they used their credit cards and incur debt that they cannot pay at the finish of their cut off. Hence, six times they get their credit card bill, they can only pay the highlighted box "minimum amount due", making them pay increasingly due to high rates of interest that credit cards offer.
Hey I don't blame you, there's even widely known surgeons who can operate your brain but are also financially dull. Engineers can generate skyscrapers and compute all the necessary tensions needed to make these skyscrapers stable yet they can also be financially dull as well.
Here's the key if by now you are already aware that you are also financially dull, then directly learn to change your financial life. Go and burn the lines and ask people, call a financial adviser, read a book about basic lovely money habits, or better, follow my financial planning guide lessons (they are for FREE incidentally) and apply all the lessons you learn here.
The important thing is to take action and commit to change your bad money habits. Focus on your dream life and set goals short term and long term.
3. Plenty of are poor because they do not ride vehicles to wealth.
Have you ever tried comparing your travel time from using different modes of transportation to your office? Like what the difference would be in case you walk to your office, ride a bicycle, ride a cab, use your own automobile, or ride the train? Obviously among the transportation mentioned above, the train is the quickest and like in our financial life they must ride vehicles.
Most people are so dependent to the government that they are not even walking towards wealth. I'd compare walking to saving money in the bank without withdrawing it for at least 25 years. However, walking alone won't get us to our location. They must include in our financial planning the actual vehicles to wealth like the mutual money, paper assets, stocks, actual estate, the net, and other businesses.
Riding vehicles to wealth is the only way to attain financial abundance and without these vehicles, wealth will always be far fetched. Imagine in case you can use an airplane as your vehicle to wealth. Or a jet plane to ride. Doesn't that sound thrilling? Ride your vehicles now and reaching your financial objective will be a lot simpler.
To our financial freedom...
Cheers!
I am Henry Timothee, a young entrepreneur from Atlanta Ga I have businesses in Sales and Distribution of consumer goods, Net Promotion and Multi Level Promotion. I am professionally trained in nose to nose selling, promotion, and self development.
