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  • If there is one thing that we all have in common is probably the lack of money.

  • No matter how much money you make, you always feel like you wanna make more.

  • Every time you reach a certain milestone, somehow your expenses increase and you feel like you are not making enough.

  • There are many reasons why some of us struggle financially and others don't.

  • But one of them is definitely how we spend our money.

  • In fact, a lot of people have certain spending habits that actually keep them poor even if they have 6 figure income.

  • And to be honest, I have had some of these habits myself some time ago and when I got rid of them, financially my life has improved drastically.

  • I have been able to manage my finances better and save a lot of money.

  • One of the main reasons why a lot of people are actually poor is because they spend a fortune to get other people's approval.

  • They are in constant need of validation.

  • Their self-esteem is directly affected by what people think of them.

  • When you are so dependent on other peoples' opinions, you end up buying things that you don't need to impress people that don't even care about you.

  • Take a moment and think about the things that you have bought because you wanted to impress people, I am sure you can write down a long list.

  • Especially, if your friends, for example, move to a bigger house or get a better car, you immediately feel like you are falling behind

  • And you should step up your game as well, otherwise people are going to look down on you.

  • And now ask yourself, how much you would have saved if you didn't buy all that crap?

  • Since we are emotional creatures, we crave for recognition and one of the easiest ways to do that is to buy whatever people find impressive.

  • If you are giving up to your insecurities, you will keep wasting money.

  • They will keep dragging you back.

  • Remember, if you are not emotionally healthy, you are never going to able to get financially free.

  • Your insecurities will keep pushing you to waste money that you could have saved to invest!

  • If someone is going to hand you a million dollar, you can blow it up in a single day and get back to where you were yesterday.

  • Earning money is really difficult but spending it is the easiest thing in the world!

  • Part of the reason why some people are rich is because they prevent themselves from spending that money quickly and irresponsibly, which is what separates them from the poor.

  • The problem with us is that we have few needs and yet unlimited wants.

  • And the moment we lose our discipline and give up to our desires, we waste all the money that we worked so hard to earn.

  • Some people are going to say, what's the point of having so much money if you aren't going to spend it to have fun?

  • The problem is that your wants will never end, you will always want more.

  • You will always want another girl, no matter how many girls you hung out with.

  • So the wisest thing to do here is learn to have fun with the least amount of money.

  • A meaningful conversation over a cup of coffee with close friends is much more fulfilling than wasting a fortune to party the entire night.

  • The point isnt to become a monk and get rid of everything you have but rather discipline yourself.

  • Draw a clear line between your needs and wants!

  • And remember the goal isn't to look rich but to be one!

If there is one thing that we all have in common is probably the lack of money.

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A2 BEG money financially people impress poor rich

How Poor People Spend Their Money

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    Summer   posted on 2020/11/20
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