Saturday, 24 September 2016

5 REASONS WHY PEOPLE REMAIN POOR


5 reasons why people remain poor

Today I am going to share with you 5 reasons why people remain poor even after their retirement with no matter how good their salary was.

First reason
They never decide, even if a person reads a book, listen to advice or associate with people who are rich, nothing changes unless they decide to do something different. If they don't take a bold first step , they always going to remain as they were


Second reason
Procrastination. They always have a good reason not to do what they need to do to achieve financial freedom. For them It's always the wrong week, month and year .. There always seem to be a reason to procrastinate.. They keep putting it off day by day , week by week , month by month , year by year ,, until it's too late and the opportunity slips away.

Third reason
Economists call something inability to delay gratification. Majority of people have irresistible temptations in spending every penny they make . If you can't delay gratification and stop spending on unnecessary things you will stay poor. Lean how budget your whole life spending. As W Clement said *if you can't save money, the seed of greatness is not YOU

Fourth reason
Time perspective. It's the amount of time that you take into consideration when planning your day to day activities and when Making important decisions. How far they projected their future when making decisions

Fifth reason
They have common goals to be financially independent. Able to buy what they wana buy , invest in what they want to invest . They wana have enough money so that they never have to worry about money again. They want high income, get out of debt, put money in their account, ability to do what they want without preoccupied by the cost. They question is how are they going to get all that? By setting financial accumulation and a goal..

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