5 Habits That Make People Stay In Poverty

Oftentimes, I asked myself “why do very few people get rich and majority stay poor?”

In my quest to find answers to this question, I realize that the rich and the poor differ in what they think about and what they do. In this article, I will share with you, just 5 habits that make people stay in poverty for life.

Now let’s get started

  1. They live below their means

This popular financial myth ‘live below your means’ makes majority of people stay poor. With a view to living below their means, they cut down cost on things that makes them happy just because they want to live below their means.

Let me tell you the truth, the more you cut down cost on things that can enhance your
standard of living…. the lower your ability to make more money. So, instead of living below your means, why not focus on how to increase your means. This will make your brain more active because more ideas will start coming in.

  1. They count their liabilities as assets

This is very common among people around the world. Very few people around the world can tell the difference between asset and liability. Ignorance of these two concepts make them count their liabilities as assets thinking that whatever they own is an asset which in actual fact is not.

The best definition of asset and liability I have found is in the popular book ‘rich dad poor dad’ written by Robert kiyosaki. According to the book ‘asset is what put money into your pocket while liability is what take money out of your pocket’.

Based on this definition, you should be able to know whether your house and your car is an asset or liability. Knowing the right answer to this question will go a long way in determining whether you are going to be rich or not

  1. They rely on the traditional education system as a solution to their money problem Albert Einstein said and I quote ‘education is not the learning of fact, but the training of the mind to think.

The traditional education does not train your mind to think. If it does, why do majority of university or college graduates start looking for high paying job? They believe that the only solution to their money problem is to get good grade in school so as to get a high paying job. Combining financial education with your academic education will definitely help you on your journey to financial independence

  1. They are heavily dependent on monthly pay for survival

Monthly pay is for those who seek short term financial security not for those who seek long term financial freedom. Depending on where you live, earned income has higher taxes than other types of income.

Apart from taxes, have you ever seen any millionaire who live on salary? ….

If you really want to be rich you must know the difference between the three types of income (earned income, portfolio income and passive income) and how you can use them to become rich.

  1. They blame others for their lack of money

They are not ready to take responsibility for whatever happens to them. Instead they pass the blame on others.

Please take note of this, the day you start taking responsibility is the day you passed from childhood to adulthood. Blaming your employer, government, or parents for your poor standard of living will not solve your financial problem.

Government cannot solve your personal financial problem, likewise your employer cannot make you rich.

The best thing you can do is to quit the blame game and take responsibility for whatever happens to you.

If you can change these 5 habits, you will definitely be financially independent…..

Credit: Alimi Abeeb Adebola

Wealth is largely the result of habit. It’s simple arithmetic; Your income can grow only to the extent that you do. The more you learn, the more you earn

In order to become rich, you must believe you can and you must take the actions necessary to achieve your goal.



  1. Have you ever considered about adding a little bit more than just your articles?
    I mean, what you say is fundamental and all. Nevertheless think of if you added some great visuals or videos to give your posts more, “pop”!
    Your content is excellent but with images and videos, this site could definitely
    be one of the best in its niche. Terrific blog!

  2. I do agree with all the ideas you have presented to your post.
    They are really convincing and will certainly work.
    Nonetheless, the posts are very short for newbies. May you please extend them a bit from
    next time? Thanks for the post.

  3. I do agree with all the ideas you’ve introduced in your post. They are really convincing and can certainly work. Still, the posts are too short for novices. May just you please prolong them a little from subsequent time? Thanks for the post.|

  4. Undeniably believe that which you stated. Your favorite justification appeared
    to be on the web the easiest thing to be aware of.
    I say to you, I definitely get annoyed while people
    consider worries that they plainly don’t know
    about. You managed to hit the nail upon the top and defined out the whole thing
    without having side-effects , people can take a signal. Will likely be back to get more.

  5. Appreciating the hard work you put into your site and in depth information you offer.
    It’s great to come across a blog every once in a while that isn’t the same
    unwanted rehashed material. Excellent read! I’ve
    bookmarked your site and I’m including your RSS feeds to my Google account.

  6. Hi there, I found your website by way of Google while looking for a similar matter, your website got here up, it
    seems to be good. I’ve bookmarked it in my google bookmarks.

    Hello there, simply become aware of your blog through Google,
    and located that it’s really informative. I am gonna watch out for brussels.
    I’ll be grateful for those who continue this in future.
    Lots of folks can be benefited out of your writing. Cheers!

  7. My brother suggested I would possibly like this web site.
    He was once totally right. This put up actually made my day.

    You cann’t believe just how so much time I had spent for
    this information! Thanks!

  8. I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…

  9. Hey There. I found your weblog the usage of msn. This is a really neatly written article. I will be sure to bookmark it and come back to learn more of your helpful info. Thank you for the post. I’ll certainly return.

  10. Hi! I know this is kinda off topic but I’d figured I’d ask.
    Would you be interested in trading links or maybe guest authoring a blog article or
    vice-versa? My website covers a lot of the same topics as yours and I feel we
    could greatly benefit from each other. If you’re interested feel
    free to shoot me an email. I look forward to hearing from you!
    Terrific blog by the way!

  11. After looking over a few of the blog posts on your web site, I seriously appreciate your way
    of blogging. I saved it to my bookmark webpage list and will
    be checking back in the near future. Take a look at my
    web site as well and let me know how you feel.

  12. I was recommended this blog by my cousin. I’m not
    sure whether this post is written by him
    as no one else know such detailed about my problem.
    You are wonderful! Thanks!

  13. I do not know if it’s just me or if everyone else experiencing
    problems with your site. It seems like some of the written text within your
    posts are running off the screen. Can somebody else please
    comment and let me know if this is happening to them as well?
    This could be a issue with my web browser because I’ve had
    this happen before. Appreciate it

  14. Thanks a lot for sharing this with all folks you really know what you’re talking about! Bookmarked. Please also discuss with my site =). We may have a link exchange arrangement between us|

  15. Wonderful goods from you, man. I have be aware your stuff prior to and you’re just extremely excellent. I really like what you’ve acquired right here, certainly like what you’re stating and the way by which you say it. You’re making it enjoyable and you still take care of to keep it smart. I can’t wait to learn far more from you. That is actually a terrific website.|

  16. Hi there! I simply want to offer you a huge thumbs up for the great info you have right here on this post. I am returning to your website for more soon.|

  17. Having read this I thought it was extremely informative. I appreciate you spending some time and effort to put this article together. I once again find myself spending a significant amount of time both reading and commenting. But so what, it was still worthwhile!|

  18. Great blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple tweeks would really make my blog shine. Please let me know where you got your theme. Thank you|

  19. Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!|

  20. You’re so interesting! I don’t believe I have read through something like this before. So great to discover someone with a few original thoughts on this issue. Really.. thanks for starting this up. This web site is something that is required on the web, someone with some originality!|

  21. hello!,I really like your writing so much! share we keep up a correspondence extra approximately your article on AOL? I require a specialist on this house to solve my problem. Maybe that is you! Having a look ahead to look you. |

  22. I was curious if you ever thought of changing the page layout of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 pictures. Maybe you could space it out better?|

  23. Wonderful blog! Do you have any tips for aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally overwhelmed .. Any ideas? Many thanks!|

  24. I used to be recommended this web site through my cousin. I am now not sure whether this put up is written by way of him as no one else understand such unique approximately my problem. You’re incredible! Thanks!|

  25. แทงพนันบนมือถือ เว็บพนันบอลออนไลน์ แทงบาคาร่าออนไลน์ ตลอด 24 ชั่วโมง
    สวัสดีครับ วันนี้ผมจะแนะนำเว็บพนันออนไลน์ kingufa.com แทงบอลออนไลน์ ที่สามารถเปิดสมาชิกได้ตลอด 24 ชั่วโมง และมีบริการมากมาย สำหรับนักพนันออนไลน์ ต้องการ แทงบอลออนไลน์ ติดต่อได้ที่ LINE ID : @kingufav2

  26. It is appropriate time to make some plans for the future
    and it’s time to be happy. I’ve read this post
    and if I could I want to suggest you some interesting things or suggestions.
    Maybe you could write next articles referring to this
    article. I want to read more things about it!

  27. Nice blog here! Additionally your site rather a lot up very fast! What web host are you the usage of? Can I get your affiliate hyperlink to your host? I want my website loaded up as quickly as yours lol|

  28. First off I want to say wonderful blog! I had a quick question which I’d like to ask if you don’t mind. I was curious to know how you center yourself and clear your mind prior to writing. I’ve had a difficult time clearing my thoughts in getting my ideas out. I do enjoy writing however it just seems like the first 10 to 15 minutes are generally wasted just trying to figure out how to begin. Any ideas or hints? Appreciate it!|

  29. Right here is the right website for everyone who wants to find out about this topic. You know a whole lot its almost tough to argue with you (not that I really will need to…HaHa). You definitely put a fresh spin on a subject that has been written about for many years. Excellent stuff, just wonderful!|

  30. frapan frapan
    frapan frapan
    frapan frapan
    frapan frapan
    frapan frapan
    frapan frapan
    frapan frapan
    frapan frapan
    frapan frapan
    frapan frapan
    frapan frapan
    frapan frapan

  31. Heya i am for the primary time here. I came across this board and I to find It really useful & it helped me out a lot. I’m hoping to give one thing back and aid others like you helped me.|


Please enter your comment!
Please enter your name here