Our habits define who we are the things we do every day have a major influence
on the different aspects of our lives including our finances
rich people have specific habits that drive them to gaining and retaining
wealth in fact their impressive financial
stature are a direct result to the habits they maintain
on the other hand poor people also have habits but their habits
do the exact opposite they keep them from gaining or retaining wealth
so what are these habits that keep people poor i bet you'd
like to find out stay with me as i will be discussing three habits that will
keep you poor forever and if you're new to the channel
then hit the subscribe button below for more
life changing content habit number one blaming
others for everything you want to achieve in life you will experience your
fair share of failures these failures come as a result of bad
decisions and they could be really demoralizing at best
and devastating at worst it is unfortunate that a lot of people
do not realize that they are solely responsible for their destinies
and this causes them to point accusing fingers at everyone else
but themselves blaming others for your failures means you have subconsciously
agreed that the key to your wealth lies in their hands
this is a terrible mindset to carry if you ever plan to be rich or maintain the
wealth you already have some people blame the government and its
policies for their financial troubles while others blame family members
business partners spouses boyfriends girlfriends etc there are so
many facts that come with blaming other people for your financial shortcomings
and i would like to go over a few of them now first
blaming others still won't make you rich this is the most
obvious fact about blaming others for your problems i've never seen an
instance where blaming another person will add a dollar to your pocket
it's a total waste of time and emotions as it bears no good fruit
guess what the people you blame for your failures don't care what you think some
of them may not even know you exist for every failure you experience in life
there is only one person to be blamed and that is you rich people carry a
mindset of self-responsibility they hold themselves accountable for their
disappointments and work towards performing better it is
up to you to choose the right business partner the right staff and plan your
way to success if you must partner with someone for a
business be sure he or she has the same goals as you
also investigate to find out more about the people you are having business
dealings with if you were to employ staff interview them yourself
especially if you are running a small business it is up to you to decide
whether the person is qualified to work for you
or not and if that person will help grow the business or run it into the ground
next blame destroys relationships when you blame others for your failures you
are automatically brewing some bad blood within you
when you believe a person organization or even the government is responsible
for your poverty you will have no other emotions towards
them but hate bridges will be burned and you may lose some future opportunities
that would have come from the same people you blame finally
laying blame stops you from re-strategizing
since you don't believe you are responsible for your failures you also
want to see the need to make new plans that will lead you
to success unfortunately the people you blame won't make plans for you either
they have their own lives to live and businesses to run so
why would they know this for a fact the people you blame don't wake up every
morning thinking about you they are busy planning their lives and
chasing their dreams while you are there sulking over how it's their fault that
you are poor the moment you stop blaming others is the moment you will start
making plans for yourself which will help you reach your goals
habit number two focusing on low value activities this
is one sure way to remain poor forever as humans we engage in so many
activities on a daily basis there are activities that better the quality of
our lives while there are activities that worsen
the quality of our lives anything you do that adds value or is
tangible is considered a high value activity
on the flip side any activity that doesn't add any value to your life is
considered a low value activity for instance spending three hours at
work is a more valuable way to spend your time than spending three
hours at the bar sadly it is very easy to focus on low value activities as they
seem like fun things to do now you probably know a
few examples of low value activities but let me explain
why they need to be avoided if you want to improve your financial situation
first they steal your time everything we do consumes time
the clock isn't going to stop and wait for you to get your act together before
it starts ticking again any time lost can never be gotten back
so it's best to use your time for activities that will allow you to
prosper next it steals your money there are
quite a number of low value activities that would cost you decent sums of money
some could even take as much as half your salary if you are not careful
such activities include spending too much time at bars or nightclubs
this is a pretty expensive habit and it yields no profit
so why engage in it this is not to say having a drink with a friend is bad
i'm just saying you shouldn't spend too much time or money hanging out in bars
if you're an upcoming entrepreneur try and form a habit of going up for drinks
only when you have something to celebrate
or you've reached a certain milestone other than that it is best you save your
money and invest it into other profitable activities finally
low value activities deter you from reaching your goals the more you engage
in low value activities the further away from your goals you will be
the only way to achieve success is by engaging in activities that will drive
you closer rather than farther from accomplishments
you want to achieve do yourself a favor and ask what high
value activities can you do to better the quality of your life
if you give yourself an honest answer then you are a step closer to success
remember high value activities are those that push you to reach your goals
and not the opposite some examples include working on a new business plan
learning new skills through training programs or videos helping family
members or colleagues achieve their goals
formulating a plan of action at the beginning of each day spending time
discussing business ideas with partners and exercising
the examples i've just mentioned will certainly add value to your life
and not remove it these are the kinds of activities you should engage in
if you want to be rich now that you have an idea of what high value activities
are let us take a look at some examples of
low value activities also remember low value activities are
those activities that add no value to your life
neither do they drive you towards achieving your goals
the first set of low value activities relate to actions and activities that
produce negative outcomes for you or for others activities like gossiping
in the office at a time you should be working will do
two things it will slow down your work and reduce your efficiency
and it will destroy professional relationships this will lead to a
negative outcome for you your employees and co-workers
next they're spending too much time watching television unless the show
you're watching is of high value maybe a financial or
fitness program then you shouldn't be spending too much
time watching television as there is nothing tangible to gain from it
it's okay to watch a show for entertainment purposes as
this will ease off stress of the day but be sure to
not get carried away remember that you will still have to do work the next day
and a good night's rest is important you need to wake up feeling refreshed
and fit to accomplish your tasks for the day
then there are video games just like watching television playing video games
can help you ease off stress after work but you must
not dedicate too much time to it video games can be addictive so it's up
to you to remain disciplined and pull the plug when it's time when it
comes to consumables you must steer clear of excessive drinking and drugs
i have mentioned this before about how they can steal your time and money
there's something else excessive drinking can steal from you
and that is your health not only will you lose money drinking
but you will also spend money on medical bills when your drinking habits start to
put a dent in your health the same goes for drugs they will take
your money and stop you from focusing on your goals
worse still it could land you in prison quite frankly this is one of the worst
low value activities you could ever engage yourself in
finally there is many people's top culprits social media
social media is great for reconnecting with old friends and it is an
excellent platform for advertising your business to the rest of the world
however if you spend long periods on social media then make sure
it is for business reasons and not just for the sake of liking and commenting on
hot pictures as the former is more profitable than
the latter habit number three disrespecting your
money how does a person disrespect his or her
money well there are several ways this can be done first
there is failing to save money when you earn money it is important to
save at least 10 percent of it money saved can be used for important
expenses in the future as well as investing and reinvesting
when you don't save and invest your money
it means you will keep working for more as opposed to having money work for you
next there is careless spending this is one of the worst forms of disrespect you
can show your money when you go out and buy everything you
come across even the things you don't need then know that
you are on a path to remaining poor many people suffer from the need to
impress others and that is why they send more than they can
actually afford this habit will not only leave your pockets empty
but will also put you in debt another way people disrespect their money is by
investing blindly this is another mistake many people make
and they almost always lose their money in the process
it is wrong to go into a business or invest in a stock without first studying
the key elements of the asset remember this
is hard earned money we were talking about and it would be sad to lose it
just because you were too lazy to learn before investing
finally there's gambling this is also another form of disrespecting your money
people gamble with the hopes of scoring big winnings while putting in a very
small investment the problem with gambling is that it is
a hundred percent luck based as the outcomes are very unpredictable
so why put your money into something you cannot predict many people have lost
fortunes on gambling these include jewelries cars homes and physical cash
gambling is also addictive so stay far away from it
the more you lose the more you gamble in a bid to recover your losses
and there are no guarantees whatsoever you may manage to win a bet but that
would also be a problem as this would lead you to gamble
more also winning a bet could push you to increase your stake
making your future losses even greater thanks for watching if you want to go
from the life you have to the life you deserve
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