ARTICLES AUDIOS PRODUCTS VIDEOS

SHARE ARTICLE

THE FINANCIAL HABITS THAT ARE KEEPING YOU POOR

INTRODUCTION

A picture of wojak sad on his gaming console

Do you always wonder why you are broke? There is a high chance that are you one of them folks. Do not worry as I can help you with at least most of these problems listed below.

#1 - YOU HAVE A SPENDING PROBLEM

A picture of wojak being fake rich

This is one of the most common problems many people have. Understand that every dollar you spend is your choice. As soon as most people get their paycheck, they will spend a lot of it on fast food, car insurance, or overpriced clothes to look rich, especially in the USA. Do not let this be you. While it is good to treat yourself a few times a month, be more responsible with your money, and save many of it for investments. You need to plan a budget of your income and expenses.

#2 - THERE IS DEBT YOU STILL OWE

An image of wojak panicing in debt

Many people around the world have plenty of debts, but understand this is a choice. You cannot be in debt if you chose not to be in the first place. If you have any debts, like credit card loans, personal loans, business loans, auto loans, and/or a mortgage, then you sadly have to pay it to live a financial free life, unless you want to start a new life abroad like in Southeast Asia without debt which I recommend. Remember the path to financial freedom is a long term journey.

#3 - YOU ARE NOT INVESTING

An image of wojak panic selling a stock lol

You probably heard of inflation before, where if you do not know, over time your national currency loses value due to more circulation of paper money printed every second by your government into the supply. One day your milk at the store costs 2 dollars per gallon, then eventually it will cost 20 dollars per gallon, but the national wage would VERY likely be low as fuck for most people working, so in this case, you would starve to death soon. You have to prepare for hard times ahead by investing your money to fight inflation. Use your wage job(s) to your advantage to invest most of your money in crypto, stocks, and eventually real estate.

#4 - YOU ARE NOT FINDING EXTRA INCOME STREAMS

An image of wojak in wage slavery at mcdonalds

You need to work on finding extra ways of making money. The traditional 9 to 5 type of jobs are not the only way to make money. There are many other legal ways to make money. You can start businesses online, even physically, or you buy an existing business. You do not need a college degree to start any business. It just takes a great skill set (or multiple ones), which you should love doing, and using that to sell products or services to an audience.

CONCLUSION

To summarize, you need to have great budgeting skills, investments, and more forms of income to eventually escape the hell hole of being poor. Remember every good and bad financial decision you make is always your fault except when the government keeps printing more money including forcing dumb tax laws. Always be willing to learn about everything you question of, and stay safe.