4 Things That Can Keep You Poor for Life

Dear friend,

Have you ever sat down to think about the rich and what they do that separates them from the poor? What is the distinguishing factor between them? Why are some poor and some rich? Why are the rich getting richer and the poor getting poorer? I know many answers are going on in your brain already but wait a minute; you really need to start thinking deep to the above questions. It is not a crime to be poor but wealth is power and with it you can do many things. Listen, your input today determines your success tomorrow. What you know and do today have the power to shape the course of your entire life. If you don’t want to be poor at age 60, it is too late to start planning at age 55, even at age 50.

Getting rich is something that is within reach if only we can align ourselves with the right principle that creates enduring wealth.

Today, I will be showing you some things you need to watch out for and avoid if you want to be rich:

1. Spending Without Control: Once there is no control over what goes out from your pocket, then getting rich is just an illusion. All the money in your hand is not to be spent. The rich think of saving first and then spend what is left while the poor spends first and save what is left (that’s if any is left). The first piece of advice from Algamish to Arkad in The Richest Man in Babylon was that, “Every gold piece (money) that you save is a slave to work for you. Every copper (returns) it earns is its child that also can earn for you.”

If you get into the habit of spending your money anyhow without proper accounting; you’re never going to get rich in life because:

- You will never have the money to set aside for investing in the stock market
- You will never have the money to invest in other businesses like real estate….etc
- And taking up opportunities that comes once in a while becomes impossible.

To overcome this habit of overspending, I suggest that you save at least a minimum of 10% of your monthly income even before you have a chance to spend it. Activating this habit will help you become more disciplined with financial related matters. You need to value savings and investing over spending and squandering.

Invest your accumulated savings into income generating assets which will generate more money for you. Assets put money into your pocket. Your real estate, your shares and stocks, your certificate of deposits, your bonds, your rental business, and your publishing business are all examples of assets that will help you earn more money.

I encourage you today to start saving no matter how small and put a stop to spending recklessly. A dollar saved toady has the potential power of starting you on that road to financial freedom.

2. Looking for Get Rich Scheme: Easy money doesn’t stick around. Prosperity responds to productivity. Think of people close to you who have won lotteries, where are they today? Majority of them are back to ground zero. If you make all the money in the world, and get all the recognition, but if you don’t get your priorities straight, all the money will soon vanish.

If you look for shortcuts to wealth, you will be cut short sooner than you expect. Getting involved in quick scheme destroys our conscience and makes us poorer on the inside. Real money has more to do with who we are than with what we have

The more we increase in value on the inside, the more we attract the material equivalent to ourselves. So let me ask you, what are you worth on the inside?

3. Lack of Focus: When your life lacks focus, you lose concentration and your mind wanders aimlessly from one point to the other. You cannot amount to much without focus. A life without a focus is a disaster going some where to happen.

Making money demands concentration and focus of all resources towards the fulfillment of a particular idea. It’s not an easy skill to master, but it’s crucial to your financial success. If you are able to learn how to concentrate and focus all your energies on high value tasks, then taking charge of your life and achieving your goals will be a lot easier.

If you want something badly enough, you will find a way. You need to find the energy and the time to focus.

Find answers to these questions and your life will take a new turn:

- What tasks and activities should I be doing more of?
- What tasks and activities should I be doing less of?
- What tasks and activities should I start doing?
- What tasks and activities should I stop doing?

4. Doing What You Don’t Love: Engaging in activities you hate will possibly kill you before your time. Passion and wealth flows together.

When you do what you don’t love, waking up in the morning will be damn hard. Motivation will seize and blood will not run through your brain. When you have passion for what you do, you’ll always be excited and get more done in shorter time.

Find your passion and stick to it like a postage stamp on an envelop. Working on your idea and building a business will both take lots of work in the beginning. You just must be ready to pay the price to make it big in this world.

Do what you love and the money will flow naturally.

Cheers