Thursday 8 September 2022

Six morning habits that keeps you broke

You might be the reason why your bank


account is always at zero why you almost


don't always never have cash while you


always end up questioning yourself where


does my paycheck go for the week see


your money habits could be keeping you


poor.


We are going to look at six bad 


money habits that are keeping you broke 


and how you can fix them. Let's hop into it.

 


1.You like to order everything:


 You want everything you see online 


delivered right to your door, and yes


these platforms they're great, they're


amazing for convenience. But if your main


issue is you never have enough money 


This should be the first area you should


cut, given that most of these platforms


will jack up the prices 20, 30, 40, 50


on a specific product, on top of the


shipping fee, so you end up overpaying


for a bowl of chipotle. Stop being lazy,


go and pick up the food and watch just


how much money you save at the end of


the month 

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2. You use buy now pay


Later if you've ever hit checkout and


you consider hovering that buying now,


pay later . Then you should have this


reminder letting you know you can't afford 


that item.


You're probably too broke to buy that at 


that moment.  If you can't buy whatever 


you're trying to buy at once, and you're 


trying to spill it up in installments, then you 


should know i am too broke to buy this 


right now, and i cannot afford this. That 


should  be your mentality.  It's similar to 


credit cards you should never put 


something on a credit card that you can't 


pay off immediately. The only reason 


you're using that credit card, it's to build up 


your credit score. But if you're loading up


your credit card and you think hmm this


will take me six months to pay off, just


know you can't afford that.


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3. You're not protecting your identity: 


This is the easiest way to go broke you 


know how many credit cards get stolen and


swiped a day we're talking a credit card 


probably every second and now 


somebody's using your bank account


and your credit cards and it's driving


you into a hole for years. identity theft


has been america's highest crime that


affects millions of americans yet


despite this, those who are affected by


identity theft are often left shocked


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 4. Not knowing how much you spent:


 if  you are asked right now how much do 


you spend, can you provide an exact 


number? probably not, this is the


biggest problem when you're broke


because you don't know where your money


is going. This is similar to people that


try to lose weight, you will be surprised


by just how much you overspend in every


category of your life if you were just


to sit down and do one month's worth of


expenses and detail everything; every


uber, every streaming service, every item


that you buy, every little thing, every


gym membership you'll be surprised as to


how much you can save, if you get rid of


all the excess bulk, you need to know


where your money is going.


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5. You're a consumer and not a creator:


See for big businesses you're a number 


sign.


That's all you are , a number sign in their 


big sea of consumption, and they're


just pumping cash. and i'm not telling you 


to completely stop consuming whether it's


content or product but i'm telling you


to switch your mindset into a creator.


Look we are naturally creators as human


beings we are built to create things, to


build things and to solve problems. When 


you are in a constant state of consumption


that means you're in a constant state of


drainage whether that's money or time i


want you to switch that around and start


creating in your life. Whether that's a


business, whether that's creating content.


Whatever that you are creating, you're


going to switch the script and go from


giving up your time and money to


receiving time and money you need to


start creating more which exactly rolls


us to number six.


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6. Learn how to multiply money:



 See you need to understand how money 


works, how you can make money for 


yourself and how you can grow your 


personal net worth of course.


If you constantly every month after month


realize, you never have enough money


instead of just sitting there and


allowing that to happen, you should sit


down and start writing a game plan.  okay


what can i sell, what can i create, what


can i do that'll gain me an extra 10, 20,


50, 100,  1000 bucks a month and then we


scale slowly and then we build upon that


month, over month, over month.


 Again now you're thinking like a creator 


you're thinking like a businessman. You 


have to know and understand how money 


works


that's it for your boy see you next time


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