I may not be older than my grandparents but I’m certainly old enough to know that poverty is really bad. If I was in a position to make a difference, I would gladly take a step to help everyone be financially independent. For those who live depending on their daily, weekly or monthly income understand why this topic is so crucial. Poverty is bad.
It is painful to be unable to help your parents when they need your help. It is painful to fail to raise school fees when your children are sent home. It is indeed painful not being able to contribute to gatherings because you have nothing to offer. Indeed poverty is painful. Some people will not want to associate with you just because you have nothing to offer.
I’m so passionate about this topic because I grew up struggling to survive. I know exactly how painful lack is. Consequently, I do research every day hoping that I can help at least someone to find the solutions to their worst enemy in life, poverty. Below are some of the common money mistakes that many people make, as a result, they remain bound in poverty. Please help me share with others, you never know the number of those benefitting.
Overspending. You see, it is what we save or invest that can make us rich. No one can become wealthy just because of their income. Salaries don’t make people rich. When you wait to save what is left after spending you will soon realise that nothing was left at all. Save then spend what is left. Practice saving and see the difference.
Thinking that money is the solution to their problem.
There are those guys who think that when they get much money, life will get better. They don’t realise that their mind plays an important role in creating wealth. No big company started at the top. They all start small with almost nothing to show off. Money should only facilitate your success, it is not a priority.
Not having a vision.
Most people have no dream for the future. They don’t know what they want for their future. Certainly, they can’t get what they don’t want. Having a goal helps you plan, discipline and work towards your goal. No Taxi driver can take you to the place you don’t have in mind.
Wrong priorities.
Immediately they get money, they look for great-looking clothes, latest phones good restaurants and awesome looking ladies. Now my friend, how can such a person escape poverty? When poor people get money, they buy the things they couldn’t afford before. Rich people invest. They invest to get even more money.
Loans.
Finding some guys who are struggling and find out how much they owe their creditors? You will be shocked indeed. Some have loans on more than four Apps. Some have loans from their service providers and loans from banks too. Unfortunately, they cannot account for the money they took.
Bad habits.
Smoking, drinking and betting will take away everything you get. Yes, everything. The money you spend on drinks with your ungrateful cronies can be saved or invested in better investments.
Having a job as the only source of income.
I have been here for quite a long time too. My friend. Your employer will never wish you to get rich because he or she will lose you immediately you become rich. That’s why they will never give you enough to make you rich. You need a side hustle. You need a secondary source of income. Invest in farming. Sell Mitumba, have some cows for milk. Simply do something for an extra coin. More solutions are found in my previous article. You can check out on it too.