8 Habits That Keep You Poor Even With A Reasonable Income

Have you ever wondered where all your money went to? Do you often ponder why there is no money in your bank account at the end of each month?

Have you ever wondered where all your money went to? Do you often ponder why there is no money in your bank account at the end of each month? 

Have you found yourself frequently thinking about the invisible holes through which your funds vanish? If yes, then you have landed at the right place. We can tell you exactly the reasons why you are unable to amass money despite earning a decent income.

Here are the top 8 habits that can sneak into your hard-earned income and eat up your funds.


Spending more as your income increases
There’s no harm in raising your standard of life when you can. However, if you are a person who is constantly looking for ways to spend your money, you will probably find yourself in a difficult situation soon enough. If you continuously raise your expenditure along with any increase in your income (or even without it), it would be hard to have any real savings.

Try to keep your expenditures at a constant level along with exploring ways to increase your income.
8 Habits That Keep You Poor Even With A Reasonable Income
That’s the route to success!

Focusing on the present without caring about the future
Usually, when people find it hard to tackle a problem, they choose to ignore it. That’s a sure recipe for disaster. The same is the case with your finances. Generally, people focus on their present needs, wishfully thinking that future needs will somehow be met in some way.

You need to take the future into perspective whenever you are making any financial decision. Although it is good to take care of everything in the present, do your best to save for your future.

You think it is too early to start saving
When you are young, it is easy to get carried away by the various pleasures money can buy. People often think that right now is too early to start saving or investing. Wrong! It is never too early to save a portion of your income, no matter how low or high your income is!

Start saving today! In fact, experts say that you should save before you spend. Keep aside a portion of whatever money or income you get, and then spend the rest!

Not keeping a record of your money
We all think that we know where our money comes from and where it ends up. Sadly, that’s not true for most of us. We might be aware of our major expenditures, but the small things usually eat up our finances more than the big ones.

It is an excellent idea to start keeping a journal for all your income and expenses, whether they are huge or small. This way you will have a much better idea for controlling your finances.

Lack of budgeting and/or poor budgeting
You might be documenting everything. Then again, you might be missing the starting point — a budget! Having a realistic and well-documented budget is the foundation of all your financial planning and success.

Make a budget and stick to it! I can say this from my own experience: it makes a huge difference in how you look at your money. In the absence of a budget, it is very easy to get carried away and commit unnecessary expenditures.

Being unclear of your needs, wants, and finances!
In order to save money and build wealth, it is of the utmost important that you absolutely care about the must-haves, good-to-haves, and not-to-haves! You need to prioritize your financial targets. If getting rich is a top priority for you, then you need to sacrifice some of your present pleasures, whether you like it or not.

Be clear about your goals and write them down. Review them at regular intervals to keep yourself on track.
Ignoring your debt
For a lot of people in today’s world, interest eats up a huge portion of their finances. It’s a painful fact. Still, they don’t know how to get out of this vicious cycle, leaving them with little to no savings.

First of all, make paying your debt a top-of-the-list item on your agenda. Work out a plan for this and stick to it, no matter what. You don’t want to believe that you’re poor, do you?

Constantly upgrading your electronic gadgets
There is no limit to it. While there is no harm in buying gadgets that you actually need, buying only because there is this next version of mobile available in the market will definitely cause you more harm than good.

Take charge of your life today. Do what needs to be done right now. You cando it. Do yourself a favour and start your journey of becoming wealthy today. As William Shatner said, “If saving money is wrong, I don’t want to be right.”


Disclaimer: The Content Or Opinions Expressed On This Web Site Are Not To Be Interpreted As Medical Advice. Please Consult With Your Doctor Or Medical Practitioner Before Utilizing Any Suggestions On This Web Site.

COMMENTS

Name

10 Years,1,1948 Arab–Israeli War,1,1948 Palestinian exodus,1,1984 Summer Olympics,1,1st Duke of Wellington,1,2007 NBA Playoffs,1,2009 French Open,1,2010 FIFA World Cup,1,2013 Presidents Cup,1,2016 Summer Olympics,1,2016 Zimbabwe protests,2,20th Century Fox,1,3rd Street,1,A Course in Miracles,1,A-ok,1,Abacus Data,1,Abby Wambach,1,ABC Studios,1,Abraham,1,Abuja,1,Academy Award,1,Access (economics),1,Ace Attorney,1,Acton Institute,1,Adam Baker,1,Adams Street (BMT Myrtle Avenue Line),1,Adrian Peterson,1,Advertising,2,Advertising Age,1,Affectional orientation,1,Affluence in the United States,1,Africa,5,Africa Cup of Nations,1,Aging of wine,1,Air Canada Centre,1,Airline,1,Al-Shabaab (militant group),1,Ali Williams,1,Alibaba,1,Alibaba Group,2,Aliko Dangote,8,All-America,1,Alternative for Germany,1,Alternative investment,1,AlterNet,1,Amancio Ortega,1,Amber Rudd,1,Amélie Mauresmo,1,American Dream,1,American Heart Association,1,American Library Association,1,American National Election Studies,1,Americas,1,Amorepacific Corporation,1,Analytical skill,1,Andrew Breitbart,1,Andy Bruce,1,Andy Dehnart,1,Andy Murray,1,Anglican Communion,1,Anglican Consultative Council,1,Angola,1,Angst,1,Animal husbandry,1,Anna Karolína Schmiedlová,1,Apollo Justice: Ace Attorney,1,App Store (iOS),1,Apple Inc.,5,Application programming interface,2,AQR Capital,1,Argentina,1,Ariana Grande,1,Arthur Wellesley,1,Artist,1,Arun Jaitley,1,Asian Americans,1,Asser,1,Assistant director,1,Associated Press,4,Association football,1,Association football culture,1,Aston Park Tennis Center,1,Athena,1,Atlanta,1,Atlassian,1,Australia,2,Australian Bureau of Statistics,1,Baby boomer,1,Bachelor of Arts,1,Balance sheet,1,Ballistic missile,1,Bangkok,1,Bank account,1,Bank of England,2,Banking,1,Banking in India,1,Barack Obama,4,BB cream,1,BBC,2,Beijing,1,Being Mary Jane,1,Benjamin Franklin,1,Bernard Arnault,1,Beverly Hills,1,Bill Gates,7,Bill of materials,1,Billboard (magazine),1,Billboard Hot 100,1,Billionares,11,Biographies,2,Birmingham,1,Black Entertainment Television,1,Blue Bottle Coffee,1,Board of directors,1,Breaking News,18,Brexit,1,British South Africa Company,1,Budgeting,6,Burnley F.C.,1,Business,7,Businesses,53,Calabasas,1,California,5,Cameroon,1,Cameroon News,1,Canada,1,Canadian National Railway,1,Capcom,1,Capital gains tax,1,Carrie Underwood,1,Celebrities,1,Certified Financial Planner,1,Chairman,1,Charlie Munger,1,Chelsea F.C.,1,China,2,Chinese language,1,Chris Bosh,1,Christmas,1,Cleveland,1,Cleveland Cavaliers,2,Cloudy Bay,1,Companies,5,Continental Resources,1,Contract,1,Craig Venter,1,Cricket South Africa,1,Cristiano Ronaldo,1,Cupertino,2,Customer relationship management,1,David Icke,1,Davido,2,Death by natural causes,1,Debt,1,DeMar DeRozan,1,Democratic Part,1,Dick Enthoven,2,Directorate General of Economic Enforcement,1,Donald Trump,4,Dude Perfect,1,Dustin Moskovitz,1,Dwyane Wade,1,Earnings,2,Earnings call,2,Eastern Conference (NBA),1,Ecolab,1,Economic inequality,1,Education,1,Ellen DeGeneres,1,Elon Musk,1,England,1,Entrepreneur,1,Entrepreneurs,3,Entrepreneurship,3,Equal Protection Clause,1,Establishment Clause,1,Evan Williams,1,Evangelicalism,1,Facebook,5,Falcon 9,1,FC Barcelona,1,Feature phone,1,Finances,4,Financial adviser,1,Financial planner,1,Financial statement,1,Finland,1,Folorunsho Alakija,1,Forbes,1,Foxconn,1,French Open,1,Garbiñe Muguruza,1,Gerald Celente,1,Global Positioning System,1,Golden State Warriors,1,Goodwill Shana,1,Government of India,1,Greatest Zimbabweans,4,Grey's Anatomy,1,Gross domestic product,1,Gucci Mane,1,Harare,3,Harold Hamm,1,Harvard Business Review,1,Harvard Business School,1,Harvard University,1,Health,1,Helena Blavatsky,1,Herman Chinery-Hesse,2,Hillary Clinton,3,History of the United States,1,Hong Kong,1,Hope Solo,1,How Tos,11,Human Potential Movement,1,Hwange National Park,1,India,1,Indian Premier League,1,Indiana,1,Initial public offering,1,Insurace,1,International Monetary Fund,1,Internet,1,Investment,1,IPhone,3,Jack Ma,8,Jeff Bezos,1,Jerry Robinson,1,Job Growth,1,Joint Chiefs of Staff,1,Kanye West,1,Kerry Washington,1,Kevin Durant,1,Killing of Cecil the lion,1,Kim Jong-un,1,Kim Kardashian,1,Kingfisher Airlines,1,Korean language,1,LeBron James,2,Leicester City F.C.,1,LinkedIn,2,Lionel Messi,1,Loan,1,London,1,Los Angeles,1,Louis Vuitton,1,LVMH,1,Make-up artist,1,Manchester,1,Manchester United,1,Manchester United F.C.,1,Mara Brock Akil,1,Maria Sharapova,1,Mark Zuckerberg,5,Massachusetts,1,Medium (TV series),1,Men In Business,43,Miami Heat,1,Michael Jackson,1,Michelle Obama,1,Microsoft,1,Microsoft Office 365,1,Microsoft Windows,1,Military parade,1,Millionaires,52,Minister of Finance (New Zealand),1,MiraCosta College,1,Mobile Web,1,Money,2,Monthly Active Users,1,Morgan Tsvangirai,1,Muhammad,1,Muhammad Ali,1,Muhammadu Buhari,1,Nashua River,1,National Basketball Association,2,Nativity scene,1,Net worth,1,New Corporation,1,New York Angela Merkel,1,New Zealand,1,News,37,Nigel Chanakira,1,Nigeria,1,Nokia,1,North Korea,1,Nuclear weapons testing,1,Oceanside,1,Oklahoma City Thunder,1,Olympic Games,1,Oprah Winfrey,1,Oprah Winfrey Network (U.S. TV channel),1,Paris,2,Patrick Awuah,2,Philip Chiyangwa,1,Politics,3,Pony Ma,1,Portugal national football team,1,Premier League,2,President of the United States,2,President Robert Mugabe,1,Priscilla Chan,1,Production company,1,Prophet Magaya,1,Prophet Uebert Angel,1,Publishing,1,Pyongyang,1,Real Madrid C.F.,1,Reality television,1,Reid Hoffman,1,Republican Party (United States),3,Retail and Wholesalers,1,Revenue,2,Richard Branson,2,Richest Person,5,Robert Kiyosaki,1,Robert Mugabe,1,Ronaldo,1,Rotary International,1,Roth IRA,1,Rubber duck,1,Russell Westbrook,1,Sacrifice Chirisa,1,Sales,2,Salesforce.com,1,Sam Neill,1,Sarah Huffman,1,Satya Nadella,1,Seoul,1,Serena Williams,1,Share (finance),1,Shingi Munyeza Articles,10,Shonda Rhimes,1,Simon Towns,1,Simpson Street,1,Slider,100,Small Business,3,SMEs,50,Social media,1,SoftBank,1,South Africa,1,South Bend,1,South Korea,1,SpaceX,1,Special drawing rights,1,Stanislas Wawrinka,1,Start Ups,3,Steve Ballmer,1,Steve Jobs,3,Steve Wozniak,1,Stockmarkets,1,Strive Masiyiwa Articles,21,Supreme Court of the United States,1,Taylor Swift,1,Tech Industry,1,Tencent Holdings,2,The Boston Globe,1,The Elkhart Truth,1,The Oprah Winfrey Show,1,Theresa May,1,Tips,60,Tokyo,1,Top Stories,9,Toronto,1,Toronto Raptors,1,Travis Scott,1,Twitter,3,United Kingdom,2,United States,8,United States Constitution,1,United States district court,1,United States Soccer Federation,1,Vending machine,1,Venice,1,Vice President of the United States,1,Wall Street,2,Warren Buffett,1,Wealth,3,Wealth management,2,Wealthy Women,20,Wet Reckless,1,Wither Hills Vineyards,1,Women In Business,31,Zane Lowe,1,Zimbabwe,6,Zinedine Zidane,1,
ltr
item
African Millionaires: 8 Habits That Keep You Poor Even With A Reasonable Income
8 Habits That Keep You Poor Even With A Reasonable Income
Have you ever wondered where all your money went to? Do you often ponder why there is no money in your bank account at the end of each month?
https://2.bp.blogspot.com/-0LPEriUrVmo/V0RfFP0dr-I/AAAAAAAASJI/phwZowXjizod6xyJb0amMnz1vUceLwNTwCLcB/s640/032713-national-money-computer-business-businessman.jpg.png
https://2.bp.blogspot.com/-0LPEriUrVmo/V0RfFP0dr-I/AAAAAAAASJI/phwZowXjizod6xyJb0amMnz1vUceLwNTwCLcB/s72-c/032713-national-money-computer-business-businessman.jpg.png
African Millionaires
http://africanmillionares.realinfozones.com/2016/05/8-habits-that-keep-you-poor-even-with.html
http://africanmillionares.realinfozones.com/
http://africanmillionares.realinfozones.com/
http://africanmillionares.realinfozones.com/2016/05/8-habits-that-keep-you-poor-even-with.html
true
3084929495899154524
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy