Do you want to be poor for the rest of your life? You have a decision to make on which habits you are willing to break to avoid the trap of poverty.
It is your choice.
James Keru writes about the habits that could easily draw your route-map to a life of perpetual poverty, he suggests that we were born poor, but if you die poor you have yourself to blame.
The five habits that poor people make
1.You focus on linear income instead of passive income
Most people focus on linear income in the name of salary, allowances and one-off payments. Wise men on the other hand focus on passive income in the name of royalties, interest rates, value addition and profit.
Relying on linear income is similar to using buckets to fetch water from the river. With time, you’ll get too old and too tired to transport them to and fro and that means you’ll have to starve for as long as you don't 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, you’ll no longer have to go to the river to get water – the river will come to you and you'll not starve.
Reinvent yourself as an entrepreneur, pursue your dreams. Prepare the night before, meditate, visualize and be inspired.
2.You’re still waiting to start your journey of success
Everyone wants to succeed but very few people are willing to step into the cold waters. Do you see the problem here? In the history of the world, no marathon race has ever been won (or even finished) by someone who never left the starting line.
As you’re stuck saying that you have no enough capital to start, someone else is busy making good use of whatever little they have.
As you’re busy lamenting that there are no business ideas, someone else is busy sharpening his innovation claws.
When you’re busy complaining about a problem in your society, someone else is busy thinking how to start a business that solves that problem.
Continue waiting at the starting line and poverty will soon find you there to keep you company.
Go out there and get it. There are people who provide a framework on which we build professional success and personal happiness. As a society, we’re fascinated with the habits of others, usually prominent figures – celebrities, political figures, and, of course, famous entrepreneurs. Have a look at these interesting habits of famous entrepreneurs that can help give you starting points for your own successful daily routines.
3.When you earn more you spend more
Consistently raising your expenditure is a good way to accumulate debt and to remain stuck in the echelons of poverty. To stay out of bad debt, you will either need to find a way to earn more or spend less. The first and best option is to find ways to earn more and keep your expenditure constant.
As you know this can only be done by creating multiple streams of income and lot’s of thinking is necessary in that case.
The second option is to simply cut on unnecessary expenses. The money that is saved from these budget cuts could be used for embarking on future investment programs.
4.You complain instead of committing
“Life is too expensive”; “It’s hopeless; I’ll never get out of debt”; “I don’t earn enough money.” Have you ever uttered any of these statements before, or perhaps all of them? Old habits die hard; however, as long as you do nothing to change; then you and your coming generation have a direct ticket to the land of poverty.
Stop complaining and making lame excuses. Instead, take responsibility for your non-productive habits and focus on changing them – then do it!
5.You just don’t get it!
The problem is that you keep learning but you don’t get it. You’re educated but you've never internalized what your teachers told you. You have knowledge but you don't want to think too hard how to use it. You're still stuck at the starting line all along because you don't want to start small and grow bit by bit from there. You're still stuck in the lottery mentality hoping that one day you'll wake up and voila! discover "the newest, incredibly easiest way to get wealth."
Most people remain poor, not because they don't have the knowledge. Not because they don't read Kuza Biashara and other business-related articles. But because they don't LEARN BY DOING. They just don't get it!
Being wealthy and prosperous requires more than just physical ownership. It is a state of happiness, well-being while wishing the same for others. So while you are working to escape from poverty, remember to be happy along the way!
