Inability to Save and Invest. The poor work for money, same as the rich. But even though they know that it is not how much money you make, but how much of it you keep and multiply that makes you rich, they still are unable to apply that principle. On the other hand, the rich not only work for money, but more importantly, they send their money to work for them, by applying the above principle.
The Poor keep poor company. In other words, they do not go where the money is. If you want money, go where the money is! Some jobs, trades, businesses, careers, professions and locations offer better chances, not only for making big money, but also for meeting influential people, and working with them. When you associate with the rich, their wealth must rub off on you. If your job, trade, profession, business, career or location is not leading you to that level of life you want to live, then why stick with it? Make a change! It's never too late to go where the money is. The earlier you do the better.
The Poor focus on financial survival. The poor tend to forgo many of their needs and adopt the habit of continual self-denial. They see themselves as victims; and live in self-pity. They cut-back on their needs and even the occasional small luxuries. Instead of seeking ways to create additional income to meet their expanding needs, they'll rather focus on what next to forgo, to avoid debts. They're forever fighting a losing battle of expanding needs versus shrinking income .
The Poor expect a financial miracle! While the rich WORK to get lucky, the poor WAIT to get lucky. The poor embrace "get-rich-quick" activities (betting, pools, gambling, casino, etc) hoping for sudden wealth that never comes. They end up making others richer, as they themselves get poorer. The fact that betting, pools and casinos are thriving businesses points to the fact that there are more losers than winners.
The Poor don't recognise 'potential' money. In other words, they fail to 'see' money that is not yet pure cash. Many poor people have idle disused items that could fetch them cash if sold; some have talents, abilities, knowledge, information and hobbies that can become money spinners. But they don't activate the capacity to package and convert these intangible assets into products or services that people want and are ready to pay for.
The Poor lack money making ideas. If you can generate workable money ideas, you can become rich. You are truly poor only when you lack ideas. If finance is the issue, then approach a benefactor or financier with your workable proposal, showing how and where you want him or her to come in. If necessary, explain what results or profit you expect, and how he or she can benefit from it. A good viable money-making idea that is well packaged and presented will always get the attention it deserves.
The Poor justify their poverty. The poor give all sorts of reasons for their plight. They are good at not accepting responsibility for their financial status or situation. They will rather blame 'other people and circumstances' .
Hear them: If I had a good education; If I did not have a wife and child; If the economy was not in recession; If I were much younger; If I had rich parents, etc. However, no matter what alibi they come up with, they still remain poor because alibis do not translate into wealth and success. Stop justifying your poverty; do something about it instead!
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