Connect with us

Gossips

Stop doing these things that take wealth from you

Published

on

stop doing these things that take wealth from you

There’s no special magic to wealth creation and those that have it are not born with a Halo circling their head. The rich individuals we see today that you hope or wish to be like started by doing some of the simplest yet most difficult things anyone can do depending on how you look at it. Simple in the sense that they seem rather sensible and easy to learn by heart, and difficult because it takes a lot of discipline, dedication and patience to reap the sweet fruit called success and wealth.

In this article, I will tell you some things that makes people rich over time that you might want to do and why obeying them will help you escape poverty.

1. Buying things you don’t need.

It is very common for people to do what we call binge shopping. What that means is that people sometimes buy things not because they need them but because they have money. One of the most devastating effects of this kind of behavior- apart from the toll it has on your finances, is that the more you buy, the more you would want to have. The circle continues which might make you end up in penury.

You can’t necessarily have everything at the same time, so the best thing to do is for you to adequately plan your wants on a budget and buy them little by little. Remember that your wealth is not how much you can afford to buy, but how much money you have.

2. Living without a budget.

Similar to the above point, it is important for you to live your expenses on a budget. In economics, there’s what people refer to as “scale of preference”. What this simply means is the ability to arrange your wants or needs in other of importance. Would you rather buy an expensive phone when you can hardly afford food?

Think about it.

3. Bad saving habit.

I’ve come across people who would say, “enjoy your life today and forget tomorrow”. In as much as this is true to some extent, as in it is pretty much true to enjoy every day as it comes by, but that doesn’t mean you have to pretend that there’s no tommorow. Tomorrow will always come. Therefore, it is important for you to save money for the future as it can be of great help for you.

Don’t spend all your money if you believe there’s a tomorrow to worry about.

4. Living way beyond your means.

No matter people’s age or status in life, every one has some form of insecurity. This insecurity makes us judge ourselves very harshly as we take our worth by how others see us. A very famous man once said ” It is funny how people spend so much money on things that they don’t need to impress people they don’t like”. That is a very powerful quote that reflects on how people nowadays are trying very hard to impress others by living way beyond their means and usually into debt. If you use all your money to buy designer clothes or bags and expensive gadgets to look rich, people will assume you’re actually rich and can never be broke. When you actually become broke, there’s a high chance that nobody would want to help you.

Be wise!

5. Having a single source of income.

Your wealth is actually the accumulation of all your money generated from several sources. You can’t be rich by having a single source of income that might fail disappoint at any moment. Whatever work you think you’re doing or whatever amount you’re earning is not always guaranteed since you might lose your job due to reasons you might not even expect it understand. Always try to use part of your earning in profitable businesses.

Ikuesan Oluwaseun (CEO OFOFONOBS) is a Nigerian news carrier blogger, writer, entrepreneur and a web developer. We bring you the Nigerian News, Music and All Informative Messages On This Medium. Connect With Me Via: IG/Twitter: @ofofonobs Call/Whatsapp: +2348114313795

Advertisement

[TEXT ADS] BUY CHEAP DATA @ #270 /GIG

Click to comment

Leave a Reply

Your email address will not be published.

Latest News

Plateau political bigwigs drum support for Lalong presidency Plateau political bigwigs drum support for Lalong presidency
Breaking News2 months ago

Plateau political bigwigs drum support for Lalong presidency

With less than two years to the next general elections, some political bigwigs, as well as chieftains of the ruling...

Why security agencies prefer DSS facility to Kuje Prison Why security agencies prefer DSS facility to Kuje Prison
Breaking News2 months ago

Why security agencies prefer DSS facility to Kuje Prison

Nigeria’s intelligence community are against the demand by Nnamdi Kanu and his legal team to have him moved to the...

How To Start Data Reselling Business In Nigeria 2021 How To Start Data Reselling Business In Nigeria 2021
Breaking News2 months ago

How To Start Data Reselling Business In Nigeria 2021

Now today we will be looking at: Guide On How To Start Data Reselling Business In Nigeria 2021. Well Data reselling...

How Haiti President Moise was killed days after gangs declared revolution How Haiti President Moise was killed days after gangs declared revolution
Breaking News2 months ago

How Haiti President Moise was killed days after gangs declared revolution

The news of the murder of the President of Haiti Jovenel Moise shocked countries across the globe, world powers inclusive....

Fresh xenophobic protests hits South Africa as groups threaten Nigerians Fresh xenophobic protests hits South Africa as groups threaten Nigerians
Breaking News3 months ago

Fresh xenophobic protests hits South Africa as groups threaten Nigerians

Some groups led a protest in Soweto, South Africa, calling for the expulsion of foreigners and non-nationals which led to...

Zuwa Logo Design Zuwa Logo Design
Breaking News3 months ago

ZuwaPay Quick and Easy Data, Airtime, Bills Solution at Wholesale Price!

ZuwaPay The all-in-one platform for everyday purchases. People in Nigeria and other 10 African countries can now buy airtime, internet...

Buhari’s aides still tweet despite suspension by FG Buhari’s aides still tweet despite suspension by FG
Breaking News3 months ago

Buhari’s aides still tweet despite suspension by FG

Despite the ban on Twitter by the Nigerian government, some of President Muhammadu Buhari’s aides are still active on the...

FG suspends Twitter operations in Nigeria FG suspends Twitter operations in Nigeria
Breaking News3 months ago

FG suspends Twitter operations in Nigeria

The federal government has suspended the operations of Twitter, the microblogging and social networking service, in Nigeria. Lai Mohammed, minister...

Man arrested by EFCC after trying to buy N44m Range Rover with Bitcoin Man arrested by EFCC after trying to buy N44m Range Rover with Bitcoin
Breaking News4 months ago

Man arrested by EFCC after trying to buy N44m Range Rover with Bitcoin

The Economic and Financial Crimes Commission (EFCC) has arrested a suspected internet fraudster who allegedly tried to buy a Range...

Southern and Northern Kaduna groups agree to split state into two Southern and Northern Kaduna groups agree to split state into two
Breaking News4 months ago

Southern and Northern Kaduna groups agree to split state into two

Representatives of Southern and Northern says that an agreement have been reached to split the state into two following ongoing...

close
  • Ofofonobs Ft. Harrokie x Hrflekside – Adara Music of the week Ofofonobs Ft. Harrokie x Hrflekside – Adara