Stats: 3,189,405 members, 7,937,236 topics. Date: Sunday, 01 September 2024 at 06:09 PM |
Nairaland Forum / Nairaland / General / Investment / 5 Habits that Make People Stay In Poverty For Life (15490 Views)
5 Habits That Make People Stay In Poverty For Life / Bill Gates Reveals The Only Way Out Of Poverty For Nigerians. / The Sure Way Out Of Poverty For Youths Is Agriculture- Ex President Obasanjo (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
5 Habits that Make People Stay In Poverty For Life by uprof(m): 9:38pm On Jan 26, 2020 |
Often time I ask myself" why do very few people rich and majority stay poor?" In my quest to find answers to this question,I realized that the rich and the poor differ in what they think about and what they do In this video I'm going to tell you 5 habits that make people stay in poverty for life. 1. They live below their means!. The habit of live below your means is doing more harms than good. With a view to living below their means, they cut down important cost on things that can make them go forward in life. Instead of living below your means why not focus on increasing your means. If you will be realistic cut down cost is like cutting down things that can make you happy. Psychologically most things we buy increase our happiness and self esteem. In this short video I gave out suitable illustrations and reasons why people stay in poverty for life. https://www.youtube.com/watch?v=D17HBY5Li_Q For more update on money affairs click on subscribe through this link https://m.youtube.com/channel/UCbSYV2lKewQ796zsZQbSg_A 1 Like |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 10:37pm On Jan 26, 2020 |
well organized thought. |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 10:58pm On Jan 26, 2020 |
facenglish: Thanks! |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 6:53am On Jan 27, 2020 |
uprof: I want to aske you questions on each of the points you mentioned in the video. will you have time for the real engagement? |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 8:44am On Jan 27, 2020 |
facenglish: Go ahead and ask your questions |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 4:52pm On Jan 27, 2020 |
regarding the first point, I often tell people that frugality is not good,but they keep telling me that money is difficult to get it is not available. do u agree with that? |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 2:47pm On Jan 28, 2020 |
facenglish: Yes! I agree. The scarcity mindset is not really helping us. You believe that giving out what you will make your situation worse off Which is not its from being generous with skills and values |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 8:42pm On Jan 28, 2020 |
uprof: thanks! I also need explanation on the second point.are you saying my personal car is not an asset? |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 10:00am On Jan 29, 2020 |
facenglish:. Regarding assets and liabilities you need to consider the Flow of cash. If is it outward flow it an asset. Cash flow is the most important economic benefits to consider when buying asset |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 7:08pm On Jan 29, 2020 |
uprof: OK! if it doesn't bring cash it is a liability and if it does it is an asset. is that what you are saying? |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 8:00pm On Jan 29, 2020 |
facenglish: Exactly 1 Like |
Re: 5 Habits that Make People Stay In Poverty For Life by heroninja: 9:38pm On Jan 29, 2020 |
From my own point of view aset also include capital gains but cash flow is the real wealth |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 10:36am On Jan 30, 2020 |
heroninja: You are very correct! people invest for capital gains and people also invest for cash flow. You have your choice.But for me I pay much attentions to cash flow while also benefiting from capital gains. |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 3:11pm On Jan 30, 2020 |
there is another thing you talk about regarding the traditional education, can I ask you some vital questions on that? |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 4:54pm On Jan 30, 2020 |
facenglish: Go ahead and ask your question! |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 7:35pm On Jan 30, 2020 |
uprof: thanks! let me start with this,what form of traditional education are you talking about? do u mean school system? |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 10:57am On Jan 31, 2020 |
facenglish: My context is school, it is what majority goes to for education |
Re: 5 Habits that Make People Stay In Poverty For Life by Nobody: 11:00am On Jan 31, 2020 |
I have said this number of times, the internet is a great avenue to create wealth, only if we know how to use it positively, learn to earn from the internet, it;s a free world, the world is looking for creative mind to make an impact, millions are searching for what you are promoting daily online, identify your targeted audience, pitch your offers, make money...Simple. 1 Like 1 Share |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 12:50pm On Jan 31, 2020 |
uprof: OK! are u telling me with my certificate can not make me to be financially independent? |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 6:12pm On Jan 31, 2020 |
facenglish: It is your responsibility to seek financial independence. Financial education is not taught in school if it is taught many teacher will be rich |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 6:55am On Feb 01, 2020 |
uprof: hmmm! teachers are not well taken care of in most countries, that is why there standard of living quite low |
Re: 5 Habits that Make People Stay In Poverty For Life by Distinct123: 7:40am On Feb 01, 2020 |
great one! u prof! information like this may not go well with people,it is number, as for me I need to ask you some questions to seek clarification. |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 7:35pm On Feb 01, 2020 |
Distinct123: Go ahead and ask your question! |
Re: 5 Habits that Make People Stay In Poverty For Life by Distinct123: 10:09pm On Feb 01, 2020 |
uprof:what should I do to avoidi living below your means |
Re: 5 Habits that Make People Stay In Poverty For Life by tenderjunkie: 12:30am On Feb 02, 2020 |
uprof:Frugality is not supposed to be mistaken with being stingy. Frugality is about being economical and having a plan for your money. You could earn 100k for example, and decide to budget 10% for people who need your assistance. Frugality is budgeting and sticking to a budget. |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 8:33am On Feb 02, 2020 |
tenderjunkie: Frugality implies, to stick to buying necessary items. In this case you concentrate on need, and core importance, one can drive rickety Micra since what is necessary is transportation. But you don't pay much attention attention to how you can improve your standard of living so as to drive on venza,Benz. All these makes us feel good in a state of actualization. When one's mentality changes,when buying on cars,what comes to mind will be brand new not Tokunbo or smuggled cars.. That is a life of abundance not frugality I repeat 1 Like |
Re: 5 Habits that Make People Stay In Poverty For Life by Distinct123: 9:01pm On Feb 02, 2020 |
uprof:good! cant one be rich without generosity! |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 12:05pm On Feb 03, 2020 |
Distinct123:it is not realistic you have to give something to get something. |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 1:43pm On Feb 03, 2020 |
facenglish: That is not an excuse, there are different approach to teaching, if you one approach is keeping you poor. Change it |
Re: 5 Habits that Make People Stay In Poverty For Life by facenglish: 10:26pm On Feb 03, 2020 |
uprof: what type of teaching are you talking about? |
Re: 5 Habits that Make People Stay In Poverty For Life by uprof(m): 4:56pm On Feb 04, 2020 |
facenglish: |
Re: 5 Habits that Make People Stay In Poverty For Life by Distinct123: 8:05pm On Feb 04, 2020 |
uprof: what we were thought is live below you means which I think is reasonable but based on what you said can i leave above my means |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Steps To Forming Saving Habit And Financial-Freedom / 10 Real Estate Investment Lessons To Learn From Banky W. / Improve On This Ability And Never Work For Money Again!
Viewing this topic: 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 36 |