6 Reasons Why You Are Still Poor

[Suba]

The words rich and poor are very relative, cannot be measured by the results of your hard work or the amount of income you receive each month.

Many people have large incomes but they always lack money to meet their needs every month, there are also many people who are categorized as low income but can meet their needs every month and can even leave their money for savings.

In this thread we will try to analyze to reveal why even if you have big income, you are still poor or always short of money. Here are 6 reasons why you are still poor:

1. No plan
People who do not have plans for the future, their lives tend to be more concerned with the present, looking for momentary pleasures, so that their expenses are high or extravagant, so that even though they have a large income they will always be lacking.

2. Lifestyle exceeds ability
Your income will never be sufficient if your lifestyle is above your means, and you will always be short on money.

3. Don't know priorities
You can't distinguish between priority needs and wants, especially when buying goods, you have to consider which one should come first. So without realizing it you will often buy things that are not needed or just a momentary desire.

4. Have no savings
You don't have savings, so all your income will be spent, and you never think about leaving your income for savings.

5.. Not keeping records of expenses and budgets
You still think that spending records and budgets are not needed at this time, so you will never be able to manage your finances.

6. Easy to make debt
To meet your needs, it will be easy for you to buy now and paylater goods, so your expenses will be even greater.

 

[Augusta]

it is sometimes unfortunate that we use our hands to create life of poverty. Some people just wake up daily to be lazy both. physically and mentally. You need to know that everything is in our hands nobody owes us anything.
When you live a ilfestyle that exceeds your financial ability then you are naturally setting yourself up for poverty.


Some people don't even set their priorities right you can't distinguish between needs and wants, you just buy whatever and wherever you are walking with your eyes wide open into poverty.

Same Is applicable to no savings
You don't have savings you would be poor.