Many people dream of reaching a level of financial independence and then freedom. They discuss this topic with friends, read articles on how to increase their income. Some even buy magic amulets…
But, as practice shows, all this will not bring results if you constantly make certain mistakes.
Here are 8 of the most common mistakes that lead to poverty.
Spending Everything
A rich person understands that capital can only be created by being able to save, putting aside surpluses and leftovers every month. Living from paycheck to paycheck is a direct path to perpetual poverty. However, it doesn’t mean that you shouldn’t get rid of enjoyable things completely. You can still play with an online casino Canada no deposit bonus, buy books, and subscribe to services, like Netflix or Spotify.
Avoiding Investments
To get rich, you must remember that every ruble you have available must work for your capital. If you think that:
- Investing is difficult, and you won’t even try to figure out the tool.
- Investing is only for rich people.
… you’re unlikely to get rich.
Not Doing Self-development
Poor people believe that self-development doesn’t work and that the only way to get rich is to work harder. In reality, money is a consequence of your personal, inner development and growth.
Rich people are always on the move and growing. They read books, keep their finger on the pulse, and strive to expand their picture of the world even more.
Watching TV
“Rich people have a big library. Poor people have a big TV,” said Dan Kennedy, the famous business consultant, writer, marketer, and speaker.
There is no need to waste time on empty TV shows which are demotivating and of no use. After all, this time can be spent on self-development, developing your business and investing in yourself.
Not Taking Responsibility
This is one of the major mistakes in thinking that prevents you from getting rich. Poor people always have someone to blame for their lack of money: government, bosses, children, parents, circumstances, etc.
Until you understand and accept that you are the cause of your result, and only you can influence your money, you won’t achieve financial success.
Discouragement and Negative Thoughts
To become financially successful, you must keep your brain on a short leash. You must learn to control the thoughts that appear and live in your head. This is a skill everyone must develop in themselves. After all, the ability to control oneself helps not only in income, but also in relationships with people.
Giving in to Fears
Fear is a normal, natural protective reaction of our psyche. But it’s necessary to develop the skill of resilience, to learn not to run away and not to give up in the face of difficulties. Understand that it’s always scary only what is unknown because there is still no experience and knowledge. Instead of being afraid, it’s better to make a plan, ask a more experienced person in the subject (a mentor), and together go for your fear.
Where the fear is, there is your growth. That’s why you should try doing things you are afraid of, even if your steps are too small.
Focusing Only on Making Money
One of the mistakes of poor thinking is focusing on money. Focusing on the subject of money, in and of itself, only distances you from the result. Rich people have a focus not on the amount of money, but on the value they bring to the world. And the goals they want to close with money. Do you feel the difference? Money is a means to something, not a final point.
