Debt hasn’t always been around. It’s a product that has been marketed to death and now people line up to get into debt. There are many common money myths plaguing the American people today. Here are just some of them.
Money Myth: Rent-to-own places help the poor.
Fact: These companies only benefit themselves and are ripoffs.
These kinds of companies are usually scattered among poor neighborhoods because wealthy people don’t buy into their scams. These businesses allow people to take home items today after they’ve signed a written contract agreeing to pay a monthly amount on it. Read more
Have you ever had to go without a necessity? Maybe it was food, water, or utilities. No matter which kind of suffering you’ve endured, they’re all not fun and can leave us traumatized.
I grew up poor and had no insight that there was any other kind of life. I thought that was just how things were and life was a constant struggle. There was no one to teach me about finances and I was destined for failure.
However, I ended up crossing paths with an amazing money book that completely changed my life! I learned that life is what we make it and not merely what happens to us. By learning which habits were stealing my dreams, I quickly cut them out! I wasn’t going to allow anything to get in my way of success!
Here are 7 spending habits that will keep you poor and steal your dreams.
Alcohol And Cigarettes
Addictive substances, like alcohol and cigarettes, are extremely dangerous because they cause us to do irrational things. When we ‘just need to smoke’, we can end up spending our last few dollars on cigarettes.
Recently, my husband and I went to a convenience store near our local laundromat. The door had a sign that said $8.68 for a pack of cigarettes. My jaw completely dropped. I cannot believe that people are paying these ludacris prices for something that is killing them!
I think we all know cigarettes are expensive, but what about alcohol? People can get whole cans for a dollar. Surely, something like that isn’t stealing their wealth. Think again! People become reliable on these type of substances which causes them to buy more and more.
I once lived in a very bad neighborhood and the neighbor was an alcoholic. He would get up before nine and begin walking to the liquor store. He was unemployed so he would drink all day. Then, he and his wife would argue almost every night about money and his drinking. It was an extremely toxic relationship and I’m happy to be out of that part of town! Read more
Habits of Poor People
Have you ever wondered why the rich get richer and the poor become poorer? You may be shocked to find out the habits of poor people are extremely different than those of the wealthy. They view life in opposite manners and use their time differently.
After creating habits of wealthy people, I decided that it wasn’t enough. It’s not enough to tell people what to do if they want to be successful, but also what actions to let go. The habits below will keep you locked in poverty.
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What Is Considered Poor?
Poor isn’t always a financial term. Poor is a state of mind that traps you in poverty no matter how much money you have. The word poor can be used to describe someone who doesn’t take care of their health, neglects their family, treats others horribly, and so much more. This is why every year many ‘wealthy’ people commit suicide. Also, that’s why you hear stories of people who win the lottery and end up broke a few years later.
On the other hand, a person who lives in poverty can feel like the wealthiest individual on earth. If you’ve ever been in love, you know it doesn’t matter how many material items you possess. You receive a feeling of completion while your lover is beside you. By being loved, you’ve reached a level of wealth many people only dream of. Keep that in mind as we go through this list. Read more