Author Topic: 6 habits that will keep you poor for the rest of your life  (Read 5408 times)

marty998

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6 habits that will keep you poor for the rest of your life
« on: April 25, 2017, 05:41:23 AM »
http://www.kuzabiashara.co.ke/blog/habits/

Blog post (from Kenya of all places) I found referenced on another forum. One of those listicle type things...

1. You focus on linear income instead of passive income
Quote
Relying on linear income is similar to using buckets to fetch water from the river. With time, youíll get too old and too tired to transport them to and fro and that means youíll have to starve for as long as you donít go to the river.

Relying on passive income on the other hand is similar to building a pipeline. It may require a lot of work at the beginning but with time, youíll no longer have to go to the river to get water Ė the river will come to you and youíll not starve.

2. You're still waiting to start your journey of success
3. When you earn more you spend more
4. You complain instead of committing
5. You live for today, hoping tomorrow will care about its worries

6. You just don't get it
Quote
The problem is that you keep learning but you donít get it. Youíre educated but youíve never internalized what your teachers told you. You have knowledge but you donít want to think too hard how to use it. Youíre still stuck at the starting line all along because you donít want to start small and grow bit by bit from there. Youíre still stuck in the lottery mentality hoping that one day youíll wake up and voila! discover ďthe newest, incredibly easiest way to get wealth.Ē

DarthCreationist

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Re: 6 habits that will keep you poor for the rest of your life
« Reply #1 on: May 05, 2017, 03:25:38 AM »
I like the last one. Certainly true for many would-be mustachians.
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jooniFLORisploo

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Re: 6 habits that will keep you poor for the rest of your life
« Reply #2 on: May 05, 2017, 03:34:04 AM »
Excellent! I love the river/pipeline one.

babybug

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Re: 6 habits that will keep you poor for the rest of your life
« Reply #3 on: May 25, 2017, 10:39:32 PM »
Love this too!

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whannah

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Re: 6 habits that will keep you poor for the rest of your life
« Reply #4 on: June 02, 2017, 03:30:53 PM »
I don't like that last one. It conveys a smug elitist attitude about the whole thing. People shouldn't be made to feel bad about how they see the world. They'll feel bad for themselves anyway if they do the math and find out they've made some bad decisions.

Frankies Girl

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Re: 6 habits that will keep you poor for the rest of your life
« Reply #5 on: June 02, 2017, 03:49:26 PM »
They should add the biggest one that is going to keep people struggling for life:

Stop acting like you deserve "the finer things" before you have the money in hand to pay for them.

The cycle of working a bit hard for a while and then splurging on a fancy trip, another pair of $300 shoes or purse, the fancy car, the bottle of $$ wine or liquor... when you have debt, you should see those things not as rewards or indulgences, but as what they truly are: a heavy, chain hat to keeping you poor and silly and expensive ways to show off for your also-poor friends and family.

And to go even deeper: Labels, brand names and other silly signs of expensive spending are only ONLY for impressing others that equate money spend=self worth. Find other, healthier ways to define your self worth and get personal satisfaction.
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MasterStache

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Re: 6 habits that will keep you poor for the rest of your life
« Reply #6 on: June 03, 2017, 06:05:28 AM »
They should add the biggest one that is going to keep people struggling for life:

Stop acting like you deserve "the finer things" before you have the money in hand to pay for them.

The cycle of working a bit hard for a while and then splurging on a fancy trip, another pair of $300 shoes or purse, the fancy car, the bottle of $$ wine or liquor... when you have debt, you should see those things not as rewards or indulgences, but as what they truly are: a heavy, chain hat to keeping you poor and silly and expensive ways to show off for your also-poor friends and family.

And to go even deeper: Labels, brand names and other silly signs of expensive spending are only ONLY for impressing others that equate money spend=self worth. Find other, healthier ways to define your self worth and get personal satisfaction.

+1 Well said! I can't tell you the number of times I have heard this.

HipGnosis

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Re: 6 habits that will keep you poor for the rest of your life
« Reply #7 on: June 15, 2017, 04:36:15 AM »
I don't like that last one. It conveys a smug elitist attitude about the whole thing. People shouldn't be made to feel bad about how they see the world. They'll feel bad for themselves anyway if they do the math and find out they've made some bad decisions.
I agree it could be worded better, but the point of it is that most people won't "do the math", which is valid.

Perhaps it should be worded; "You're in denial"