No matter how some people aspire to be rich or struggle to gather wealth, they will keep on getting poorer why? Even though Government sometimes has a say in the poverty level of a country, sometimes people themselves are the real ones that are attracting poverty to themselves either consciously or unconsciously. Poverty can simply means lacking the means to satisfy our basic needs such as food, shelter and clothings. In a layman term, poverty means having little or no money to take care of numerous wants and expense
Poverty is a mindset that needs to be solved, if only some would try to think themselves out of their shallow mind which believe that poverty is only caused by government and them alone
They refused to take responsibility for their actions. Some of the reasons why people may get poorer and more everyday are listed below;
1. Extravagant or reckless Spending
Sorry, but for some have got bad spendings, they spend lavishly and extravagantly without a steady source of income. This type of people will spend more beyond their means and later go bankrupt. They're the ones that will be showing off at parties, they won't spend based on their means or earnings. Even a rich man can become poor if he didn't checkmate his spendings. Extravagant Lifestyle with no corresponding income will result to poverty eventually. Even all these rich people we know spend meaningfully
Why, because it's not easy getting money.
2. Laziness
Oh my God, some are so lazy to the bones. They will sit down at home sleeping and be expecting money to come, how come? This type of people can sleep and compete with the dead about who sleeps longer. These people may have the necessary things they needed to break free from the shackles of poverty but they're so lazy. They are the able-bodied people who can work that we all have around us but they choose to be walking around aimlessly with no purpose in mind. According to one quote in the book of The Richest Man in Babylon, it said "Wealth grows wherever men exerts energy". Now you are not working or either productive, how do you want to make it in life, tell me! Even the Bible commands us to work harder and smarter, God frowns at lazy people that he even said no food for whosoever do not work.
3. Lack of Financial Education
This is in two phases, a person might go to school, got a degree even Masters and PhD but he might lack knowledge on how money works; financial literacy. Financial Literacy is not taught in schools, if it were so, all Universities graduates will have become rich. Financial literacy can be achieved through personal learning adventure and reading books that can help to understand some of the ways how money works for you and not you working for money, that's a difference between the two. Another person can be ignorant totally on basic education and financial education. Financial Education will teach you how to sight opportunities that can make you earn more and also teach you how to utilize them.
4. Wrong notion of money
This type of problem can only be solved through the orientation of the mind as a result of the fact that the problem comes as a result of wrong belief or notion about money. This type of people won't do anything to make themselves rich. It's not that they're lazy. They believe that too much money is not good generally. They are the vanity crew who will be saying money is not everything, yet they wake up early to go to work the following day because of what... Money, those that will tell you that money is the root of all evils, but has someone told them that not having money is also the root of a greater evils. These people confined themselves to a low lifestyle. They believe they're okay once they have something to put in their belly but I bet life goes a long way than that.
4. Lack of birth control
This causal factor is very rampant in African countries. Some believe rearing and storing up children is very beneficial to themselves. When there are too many children on ground with enormous expenses to cater for without a sizable means, won't there be a problem? Apart from the effect of this act on a nation's population, it can even cause famine in the long run.
Having children is a gift from God but it shouldn't be mismanaged. It's advisable to give birth to a number you can conveniently afford to cater for. Don't let children be the source of your poverty. Cut your clothes according to your site.
5. Addiction to gambling, drug
Addiction to gambling is very bad. It reeks of bad manners. To begin with, don't think you can get a sustainable wealth through gambling. Check the list of the richest people in the world, who among them has gambling as his source of income. Money you didn't work for will fly away in a twinkle of an eye. That's one of the rules of money.
Money that can be used productively and legally to make more money, you are placing it as bets, who is fooling you?
Spending money on gambling, alcohol and drugs is one of the surest ways to be poor. Keep on with it and I can guarantee you that you will become so poor that you will feel sorry for yourself.
These are the contents for the first part. Second part will be discussed later. Opinions and criticism are allowed.
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You are absolutely right dear. And It's so informative article. I love to read it