Five “poverty” habits that prevent you from achieving wealth

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Poor and wealthy people follow different life principles that underlie their financial success or failure. Habits formed in poverty often remain with a person for life, even if their financial situation has improved.

Financial literacy plays a key role in achieving material wealth. However, many face entrenched dangerous money habits that can perpetuate financial difficulties.

Cheap food

People who find themselves in poverty are guided by two factors when choosing goods: price and expiration date. The price should be minimal, and the shelf life should be long. Quality? Taste? Producer? This is for those who consider themselves a foodie. Shopping is done once a week or less often, it is often canned goods. Fresh fruits and vegetables are too expensive. Meat? At best, offal.

“Extra” money

A poor person's large sum of cash is nonsense. Such money must be spent urgently. A person reflexively goes to the store, to the market and spends everything down to a penny, without thinking about how he will pay the utility bill next month. Often, after winning a million, a person manages to spend it on unnecessary things, becoming even poorer before buying a lottery ticket.

Gifts

When an adult has no money, gifts take a back seat. On birthdays and New Year, she can afford only modest souvenirs from the mass market. But in families with children, parents often try to shower them with cute presents. The habit of compensating forced savings with gifts is manifested even when a child is born in prosperity, but his parents grew up in poverty: “I didn't have anything, so let the children have everything.”

Accounting

The habit of constantly monitoring finances: you know exactly how much money you have on your card and in your wallet – down to the last penny. Purchase amounts are automatically added up in your head, and the receipt is always checked. You know perfectly the tariffs for communal services and their calculation formulas. The fear of not having enough funds to pay will accompany those who grew up in conditions of lack of money for a long time.

Basic necessities

If a person can barely make ends meet, he buys only what is needed now. Those who passed on clothes for their older brothers and sisters know that new jeans only appear when the old ones are completely worn out. And here is a paradox – a person with “poor” habits does not enjoy shopping at all. There is money, but to spend it is to suffocate the frog.