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Why Are Most People Broke - Business - Nairaland 44402o
Why Are Most People Broke (470 Views)
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| DegrtEmmy(m): 1:25pm On Jul 10, 2023 |
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Dumb Debt: You can see broke-people have iPhones and cars. They buy what they can’t afford to impress people they don’t like. In doing this, they either waste their income or collect credit-card debts. Which keeps them broke. Exchange Time for Money: You limit your income when you only get paid for the hours you work. Poor People don't see this trap. One only gets rich by multiplying their money. This can be done by smart investing in Stocks, Real-estate, Roth IRA. Zero Personal Investment: Income is a ladder which you have to climb. The only difference between a general doctor and a heart surgeon is their skills. Most don’t increase their earning potential. Don’t invest in books, courses or coaches. Negative Image: When we don’t have an explanation, we can think that the rich get richer by stomping on the poor. However irrational, these unconscious beliefs influence their action. It acts as an invisible glass wall when they try to make more money. Zero Financial Knowledge: Schools have never taught us about the basics of money management. People are blank when it comes to dealing with debts or investing money. And unfortunately, they never make an effort to learn it on their own. I hope you learnt something. Thanks for reading 😌 1 Like 1 Share |
| Draslo(m): 1:41pm On Jul 10, 2023 |
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There is no Nigerian fortune without some form of crime. Many people are just good at hiding theirs. People are broke because they are honest. Honest people cannot be rich in this economy. 1 Like |
| DegrtEmmy(m): 3:18pm On Jul 10, 2023 |
Draslo: I understand your perspective, but not all Nigerian fortunes are tied to crime. While some resort to illegal activities, many people achieve success through honest means and hard work. Economic challenges can make it tough for honest individuals to become wealthy, but by focusing on personal growth, exploring opportunities, and making informed financial choices, it's possible to improve one's financial situation. It's crucial to maintain integrity and pursue legitimate paths to success in any economy. 1 Like |
| Chronosvineberg(m): 4:51pm On Jul 10, 2023 |
Draslo: Teach me |
| Draslo(m): 6:27pm On Jul 10, 2023 |
Chronosvineberg:Teach you what? |
| Chronosvineberg(m): 12:48pm On Jul 11, 2023 |
Draslo: What you do to make a living and survive Nigeria |
| noonejustme: 12:53pm On Jul 11, 2023 |
Chronosvineberg: It is the entitlement audacity for me  🤣
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| Chronosvineberg(m): 1:23pm On Jul 11, 2023 |
noonejustme: Am I entitled? I only asked. |
| Chronosvineberg(m): 1:28pm On Jul 11, 2023 |
noonejustme: You expected something like, (please sir/ma , God bless you for reading this. Please in the name of God I want to learn how you earn a living ) . Sounding like this isn't a problem but anyone can sound like this even the ones your guardian angel would struggle to keep you away from |
| Draslo(m): 2:20pm On Jul 11, 2023 |
Chronosvineberg:Business.... importation and exportation mostly |
| Chronosvineberg(m): 5:08pm On Jul 12, 2023 |
Draslo: Please I'm willing to learn, I don't necessarily need to be paid but anything that can keep me busy and expose me to valuable knowledge I will be appreciative of. 1 Like |
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