10 Reasons Why Are You Still Poor
Do you feel like you are poor and your paycheck is never enough? Like many other people you should know that you are still poor and the reason behind it is “You“.
Yes, poverty is not a financial state but a mindset.
So, All you need to do is to change your mindset!
We bring you 10 eye-opening reasons why you are still poor and how you can change it. So, Let’s dig in:
- Lack of Self-Motivation
- Lack of Support System
- Not Setting Goals in Life
- You Love “Comfort Zones”
- Lack of Time Management
- Adopting a Lavish Lifestyle
- Playing the “Blame Game”
- Irresponsibility with expenses
- Stuck in “Failure Syndrome”
- Relying on one source of income
Lack of Self-Motivation
Motivation is the primary driver of our work. Without motivation, we would rather stay in the bed all day.
Thus, ask yourself these questions;
What motivates me to work?
What I love about work and how can I find motivation in life?
If your motivation bucket gets empty, find the source to refill the bucket and thrive.
Lack of a support system
Humans are not born alone and that’s why you have to find the people who can become your support system. Your support system helps you look at the brighter side of things when you believe to give up in life.
Lack of a support system makes you demotivated. It makes you think that whatever you do in life would not be good enough. To find the support system, it can be one friend or one family member who always there no matter how hard things get.
You will be finding reasons to be better in life and get out of the financial problems to make these people happy.
Not setting goals in life
One of the biggest mistakes we often do in life is ‘going with the flow’.
I contradict the statement ‘Only dead fish go with the flow, Be the Flow’.
Of Course, you cannot control everything in life but what you can control is your attitude towards it.
How to find the balance even when all hell loses on you?
Set small goals, set a timeline. Try to achieve them and appreciate yourself when you complete these tasks. Hey, you are not doing it for anyone else, but for your own success. You are saving yourself big time through this one simple formula.
You love “Comfort Zones”
Don’t we all love comfort zones and stay in bed all day long and procrastinate about life?
Well, all these things are keeping you away from being a success and get things done.
Neale Donald Walsch stated “Life begins at the end of your comfort zone” and it sure is true.
If you love comfort zones you will be living in a dark box looking for sunshine. Get yourself out of the comfort zones and you will be leaping mountains.
Lack of Time Management
If you think you never have enough time to do what you love then think about your priorities again. When you set your goals, you would be able to complete your tasks on time.
Thus, set goals and keep your focus in life. Even the most famous people, like Elon Musk, keep a calendar and manage their time. They are aware that time is money and money doesn’t come. Remember, time management is one of the best habits of successful leaders!
Adopting a Lavish Lifestyle
If you adopt a lavish lifestyle. Going the extra mile with unnecessary things that you do not even use, you will stay poor.
If you see the richest people like Mark Zuckerberg wore the same t-shirt every single day. He prefers to spend a very simple lifestyle. Why?
Because they know that what being poor feels like. Adopting a lavish lifestyle to impress your friends will only make you poor.
To save money and you will see that your savings will come in handy even when your friends do not.
Playing the “Blame Game”
If you are in the early 20’s you would most find excuses that you can not earn yet. If you are always playing the blame game that things are not in your favor you are most likely to stay poor all your life. The victim mindset never helps anyone. Holding others responsible for your actions is keeping you poor at this stage.
Irresponsibility with expenses
You get pocket money every month and you get your salary every month, but how much are you spending and saving?
If you are spending more than your budget and do not have a long-term plan to save your money.
My advice? Record your expenses in a diary and keep the promise that you will not exceed the budget. Or you are not diary savvy, use Google Sheets, they are great at tracking expenses!
Stuck in “Failure Syndrome”
If you love your comfort zones then you are stuck in the ‘Failure Syndrome’. No, it is not a disease.
But staying in it forever and complaining about why are you still poor is worst than a disease itself.
Remember failures mean you are learning and it is natural to be afraid of failures. Failures are the key to Sucess!
You have to take “calculated risks” in life. Not failing at all is something you should reconsider.
After that, you will find yourself getting out of the penniless state of life.
Relying on one source of income
What we often mistake in life that one job is enough and only relying on a single source of income. To find another source of income you have to know what you are best at. Go, and practice the mantra of finding opportunities in the skills you learned.
Now you know that every learned skill is an opportunity for future income and growth. Now you are going to get out of the poor syndrome. Once and for all. See one of the Golden quotes by Warren Buffett;