People Are Poor Because Of Their Poor Thinking

List of Poor People

In this post, I have elaborated how people live their whole life in a poor manner because they don't live on these principals.

Those who are afraid to taking business risks
Most people live with a mindset of doing jobs since it assures you of a salary at the end of the month unlike in business which may remain cyclical that makes it highly uncertain to get regular income.
There are huge ups and downs in the journey of business due to political changes, governance changes, etc. With the regular income from jobs, people tend to lose living with a big mindset and live a poor life with minimum expenses.

Those who don't believe that success comes after a risk
People have different views on how to achieve success as some believe that we should take risks for being successful, while others think measured planning is the key to success. The following essay will discuss both views in details.
On the one hand, it is a fact that taking risks is one of the most important keys to success. Risk takers are smart and innovative people as they have creative ideas and planning and they dare to take chances. Should the plan work out, people would start to recognise and get attracted to their ideas and output, and soon it might become a big fortune for them.
On the other hand, some people think the only way to success is through careful and precise planning. They believe that in order to take new steps in life or to make a new business product, people should have a good feasibility study and proper planning.

Those that hang out with pessimistic people
Because being pessimistic they don't want positivity and if they do then they're not pessimists but have negative characteristics or views, which is typical.
Besides, pessimistic people aren't realistic but they think they are. They worry too much. They live in fear. They're typically angry and bitter.
Who wants to be around someone who refuses to see the good in the world, the awesomeness of life!

Those who always see reasons to fail, but don't see chances of succeeding
Most of the people shy from starting new venture, since they always focus on the things that might cause them to fail in their business line. Business may have good times as well as bad times. But people who only concentrate and discuss the bad timings during business journey end up living a poor life.

Those who think business should remain analogue/primitive
It can be hard to recognize change when it’s happening around us. That’s why we don’t always appreciate just how much digital technology has reshaped the way we live our lives.
In the past, we have had no option but to accept a certain level of 'fuzziness' in the way we manage our organizations – we had no alternative to the tried and tested analogue methods.
In the pre-digital world, businesses had no option but to handle expenses by hand. We relied on employees to correctly interpret crumpled receipts and provide finger-in-the-air, travel mileage guesstimates. It gave rise to a business culture in which organisations had no option but to tolerate a certain amount of losses through processing errors and 'creative' claims.
But we now have digital tools to manage this process, replacing the old paper-based methods with fast and efficient digital systems. It removes the 'fuzziness' from expenses, providing managers with clear and accurate data.

                                                    

Those who believe rich people are born to be rich and the poor are born to be poor
Many may assume that those who started with an inheritance or who are born into families who have done well monetarily are at an advantage over others. There is also another perspective in play here, it is the one that only those who have never succeeded nor have attained their goals being the ones primarily criticizing the success of those others who are born with a monetary advantage. The reason being simply nothing more than bitterness that they must work to build their survival while other can simply focus on growth.
Wealth is grown through multiple generations being able to carry on other people’s work and use new methods and perspective to grow it further. Wealth does not come from one idiot making money, and choosing to not share it with their children so that the cycle of poverty starts over and over again.

Those who live for the day and sacrifice tomorrow for today
Investments is mandatory. Buying appropriate insurance is mandatory. Few people live with a mindset of spending as much as they are earning. They don't think of the future at all. They don't focus on making investments to make their future secure.
They don't make any investment that may help them in their bad times. One cannot predict the future, but not having a Mediclaim policy may cost huge pressure in case of uncertainties in the family.

Those who are not honest in their dealings with others
Honesty is the most important thing in Business. One may find a short term pleasure by winning a deal through a wrong channel or by cheating someone. But this does not work in the long run.
Being honest is very important is the journey of life.
Being honest means choosing not to lie, steal, cheat, or deceive in any way. When we are honest, we build strength of character that will allow us to be of great service to God and to others. We are blessed with peace of mind and self-respect and will be trusted by the Lord and others.

Those who are always suspicious when it comes to money
Some people live with a negative mindset and don't believe in financial suggestions given by relatives or friends. A classic example is investing into stock markets. Many believe that its a biggest scam on planet earth and such people stick with the traditional investment strategies.

Those who carry all their eggs in one basket
This is one of the classic things that explains don't put all your ENERGY/INVESTMENT/TIME in one basket. For example, don't invest all your capital into a single financial stream. One must diversify their investments into different financial instruments like FD, PPF, Stock Markets, Gold, etc.
Many people remain conservative and put all their capital into Fixed Deposits. FD's generally never meet the inflation demands of an individual.

Those who bank all their money because they are too scared of investment
Most of the people follow traditional investment schemes like investing into FD's or LIC. One don't adopt the changes that financial institutions brings into the lives.
Many remain invested into LIC and does not even think of a Life Term Plans since they find there are no maturity benefits in case of Life Term Plans.
Many shy from investing into stocks when they are trading lows. But remain active during the boom. History has shown that most of the retail investors leave during the bear run and enter during the bull run keeping them effectively at loss during the long run.

Change now or cry forever.