The 5 money traps that keep you poor. I just read a survey that says 80% of all
working adults, surveyed said that they live paycheck to paycheck or direct deposit to
direct deposit. And I completely understand. I used to be there too. I'm going to share with
you exactly how you can get off of that treadmill and get on to being financially stable. Let's go.
I'm going to share with you the three biggest things that you can do today to go from poor to
rich. I'm gonna share with you the number one thing that rich people buy that poor people
do not. And I'm gonna share with you my biggest secret to becoming a millionaire with bankruptcy,
bad credit, and almost no money. So, obviously, living paycheck to paycheck and being poor
is no fun. There are so many benefits to becoming a millionaire, having all of the money that you
need and earning a very high income. It is so much better than living paycheck to paycheck,
worrying about money or even trying to cut back to save money. I know that many people that you
listen to on youtube and podcasts and things like that on social media will tell you that if you
want to get out of your financial trap, you really need to cut back. You probably need to stop eating
out at restaurants or start eating your lunch at work in the break room out of a tupperware and
all of these things to start saving money so that you can then have some money. But unfortunately,
that's probably not going to get you to rich. I'll be really honest with you. You cannot
save your way too rich. Most people that have millions of dollars did not just save that money.
If you want to have a 50 million dollar business or buy a 50-million dollar apartment complex,
you're not going to save 50 million dollars. So, the key to being rich and avoiding some of the
traps of poor people is going to be realizing how much better it is to become financially stable and
to become a millionaire, a billionaire, or whatever it is that you want to be.
You really have to decide that you no longer want to be trapped, you no longer want to be held down
by a job or by financial distress. You really are making a decision where you're saying to yourself,
"I want to make a change, I want to be different and I no longer want to struggle with money."
That is the first step. I know it was for me. So, being rich now has completely changed my life.
I get to own my own time. I have kids and I get to spend time with them. I get to vacation where
it is that I want to vacation. I have dozens of rental properties and they bring me lots of money
each month. It is amazing to have more money that I can even spend and that is why I'm sharing this
information with you. So, let me get to those 5 traps so you can avoid them. So, number 1,
working for other people. I know, I know. Having a job usually does not mean being poor, right?
Most people that have a job have money at least a paycheck. And for many of us, it's a great way to
pay our bills but it is definitely a trap that is going to keep you poor. When you have a job, your
income is limited by the person that you work for. Usually, you have an hourly salary or a weekly
salary, or a monthly salary. And no matter how much you do, your salary is going to be the same.
Maybe you can work overtime or ask for a bonus but you do not have unlimited income potential
like you do when you're an entrepreneur. That is what you want to be. So, most people that are poor
and stay in that cycle work for other people. Entrepreneurs are people that are successful
in having their own businesses. Now, I am not saying that every entrepreneur is successful
that is definitely not what I'm saying. And I'm also not saying that everyone that works a job
is poor. That is absolutely not what I am saying. However, if you are saying that you want to be
someone that is very wealthy and rich and you really want to have all of your time and make
more money than you can even spend, you're going to have to have your own business. You're going to
have to have control of how much money you can make. If someone else dictates to you how much
they are going to pay you and how much you can make in a month, a year, or a week; you are always
going to be in a trap. That is a cycle. You're not going to be able to break out of it. Additionally,
and I'm going to be very honest. And I know you are going to write in the comment box. And I'm
okay. I want to read about this. You are on a cycle where you are dependent upon someone else
to provide for your life. Trust me. I have worked a job and I even went back to working a job even
while I was entrepreneur. And working for someone else puts them in control. They could lay you off,
they could fire you. If things go wrong in their business, they could cut you. Now, again,
it's a lot of risk when you're an entrepreneur but you do not have that lack of control that
you have when you work for someone else. When you have your own business, it's you that is
laying off people or you that fires people when you have to make a decision in your business.
Not the other way around. So, not only do you usually have more income and more potential to
make more money (no limitations), you also have more control about the stability of your money
coming in. Number 2... And this is a major trap. And this is only having one stream of income. Let
me say that again. A major trap that keeps you poor is having only one stream of income. Oh,
my gosh. Most rich people that I know and all of my millionaire and multi-millionaire friends,
they have multiple streams of income. Meaning, they have money coming in from different places,
different sources at different times and from different ventures. They don't have all of
their eggs in one basket. Like having a job, for example. Having a job and having only one
source of income is very stressful if that source of income goes away.
You don't want to be reliant upon one source of income. Even if you have one source right now,
you should be working on creating another source of income. Then when you have that second source
going, create another source. I know, I know. This sounds difficult and people feel like this is very
overwhelming or where would you start. But take it from someone that used to live in their parents'
basement with multiple foreclosures, bankruptcy, and terrible credit to someone that now has 10-12
streams of income that I can just think of off the top of my head. It's probably even more than that.
TThe bottom line to it is if you have one stream of income, congratulations, that's okay. But now
we need to get you multiple streams. Keep going. Number 3, buying stuff. Omg! Is this a problem
that is keeping so many people poor. I know so many people that go into Walmart and they'll spend
200-300 dollars just buying stuff. Buying bins and nail clippers and hair brushes and just stuff that
has absolutely no value. Let me say that again. Buying stuff that has no value is worthless.
And I'm sorry. I mean this. And you can write again in the comment box. I want to see your
opinions because I read all of my comments and we can talk about this. But if you just
buy things and it has no real purpose --you buy a brush and you already have a brush. You
buy shampoo and you already have shampoo. You buy different you know hats and you have 12-15 hats.
What is the point of that? You're never going to get out of your situation if you just buy stuff.
Now, listen carefully because when I started this, I told you I am an abundance mindset person.
I buy lots of stuff. The last time i went to the Porsche dealership, I bought two of them. So,
I'm definitely not saying I don't buy things. I buy stuff. I just don't buy things that have no
value. I just don't run into walmart and dollar tree and all of these stores and buy all this
cheap worthless stuff and bring it to my house and fill up storage units full of worthless stuff.
What I do is I buy assets. I buy things that I can make money off of. And that is the true
difference between what poor people do versus what rich people do. If you're going to buy things,
make sure it brings you value and maybe possibly something that holds its value that you could sell
later. Or even if it represents your business, if you buy clothes, or hats, and things like that;
it serves a purpose. You put your business name on it in your logo when you advertise your business.
But don't just go to Walmart, I'm sorry, Walmart. But don't just go there and buy a bunch of crap
week after week after week and wonder why you don't have any money. You need to stop doing that
and start spending your money in better places. In other words, you need to stop spending your money
and start investing it. Number 4 money trap. And this is a big one. Not investing in yourself. Rich
people invest in themselves. They spend tons of money on themselves. Not at the Walmart but again,
investing in themselves. Buying courses, buying classes, going to seminars, buying books, getting
massages, hiring personal trainers. Anything that you do to better yourself and invest in you so
that you can be more valuable to the marketplace is okay. Don't think that I'm saying don't spend
money on yourself. You should definitely invest in you. Start investing in you. Start bettering
yourself and do not hesitate to spend money investing in yourself. So many people told me that
I was absolutely crazy when I was in my parents' basement bankrupt, broke, multiple foreclosures,
bad credit to be getting a real estate coach. Boy were they wrong. That was one of the smartest
decisions that I made. I realized that I needed to learn something. I needed to learn what I was
doing and that the information that this person was teaching me was going to be something that i
was going to be able to use to now amass dozens of rental properties. This is so important that you
start investing in yourself --learning the skills that you need to be successful and to make more
money. Investing in you means you will likely make more money. I know that's why I worked for me.
Number 5. And I absolutely could stay here all day talking about this. And this is not making more
money. This is the biggest trap. People do not try to make more money. Most people that you ask, if
they are having any type of financial distress or they lost their job or their income has gone down,
the first thing that they do is they think that they should shrink down their life. They should
maybe sell their house and then go live in an apartment or they should sell their car and take
the bus. Things like that which are absolutely crazy. You should not do any of those things.
If you are having financial distress, obviously yes, cut out all of the extras Netflix and Hulu
and things like that that you don't need. But you should not be cutting back on your life.
Let me say that again. You should not shrink your life. If you want to do more and be more,
you should make more money. It's absolutely possible. Don't start shrinking down your life and
selling off things and being smaller. You should get bigger. You should try to make more money.
You should charge more for your services, you should get more clients, more customers. Again, go
bigger. Increase your income. Most people that are rich like me, millionaires, people that have money
we earn a lot of money. So, that is so important. We don't save a million dollars. We earn a million
dollars. And that's how we have a million dollars. So, if you want to get out of this trap of being
poor, then you are going to have to focus on making more money. Do not fall into the trap of
thinking that you cannot double or triple or even quadruple your income. Because I did and you can
too. So, I have written my new book Real Estate Millionaire Secrets and I am giving it away to you
absolutely free. Check out my new book absolutely free. You just pay the shipping and handling
at noelllesfreebook.com. That's Noelle (N-o-e-l-l-e-s), noellesfreebook.com. I wrote this
book as a real beginner's guide to investing in real estate, getting business credit and starting
from scratch. I literally started from my parents' basement and now I'm a millionaire. And you can do
the exact same thing. I just want to make sure that you have all of the resources all of the
tools and all of the knowledge that you need to be successful. This is Noelle. To your success.