4 habits to avoid if you never want to be poor
By David Mwalimu Charo - 2020-05-17 23:29:40 - [General]
1) Never spend all you earn/get: Poverty is a road that we all do not want to walk on. If you never want to be poor then never spend all that you get either from your salary, your business, or even moneys gifted to you, never spend it all, never. Always remove a percentage of what you get to be saved. Remember that part of what you earn/get is yours to keep.
2) Never stick to just one stream of income: Look for other ways to make money; passive income. It could be a side hustle, online business, stretching yourself to do more than you are currently doing, getting more jobs or adding on new skills which would give you the opportunity to make more money. Try to see opportunities around you to make money, no matter how small.
3) Do not just save, invest: We know that savings is good but investment is better. You should have a savings goal and an investment goal. You could save to invest and also save to keep. Investments increases their worth over a period of time. So try to learn about several investment options and choose one that suit you best.
4) Never stop Learning: The Richest men and women in the world have something in common, they never stop learning, reading and growing. If you be want to be among the percentage few then you must look for opportunity to learn and grow each day.
Consistency with the tips are very important. Let it be a lifestyle.
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