Often time I ask myself" why do very few people rich and majority stay poor?"
In my quest to find answers to this question,I realized that the rich and the poor differ in what they think about and what they do

In this video I'm going to tell you 5 habits that make people stay in poverty for life

1. They live below their means!.

The habit of live below your means is doing more harms than good. With a view to living below their means, they cut down important cost on things that can make them go forward in life. Instead of living below your means why not focus on increasing your means. If you will be realistic cut down cost is like cutting down things that can make you happy. Psychologically most things we buy increase our happiness and self esteem..
https://moneyaffairsonline./2020/02/16/5-habits-that-make-people-stay-in-poverty-for-life/

You could watch video discussion

In this short video I gave out suitable illustrations and reasons

why people stay in poverty for life.

https://www.youtube.com/watch?v=D17HBY5Li_Q

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very informative and thoughtful

Distinct123:
very informative and thoughtful

Thanks

bravo! great content

facenglish:
bravo! great content

Thanks

uprof:

Thanks

I have questions! I don't know if mr FAC can answer my question

Distinct123:
I have questions! I don't know if mr FAC can answer my question

go ahead and ask your questions

facenglish:
go ahead and ask your questions

the writer talk about live below your means. Shouldn't i live below my means

Distinct123:
the writer talk about live below your means. Shouldn't i live below my means

.mr FAC are you following this conversation

Distinct123:
.mr FAC are you following this conversation

yes I am

facenglish:
yes I am

why shouldn't I live below my means

Distinct123:
why shouldn't I live below my means

mr FAC explain

Distinct123:
mr FAC explain

it can make you poor

Distinct123:
it can make you poor

how will it make me poor

I love this! insightful

Success4a:
I love this! insightful

thanks

uprof:
thanks

i have questions for you

Success4a:
i have questions for you

go ahead and ask your question

uprof:
go ahead and ask your question

you said we call liabilities, asset. is my car not my asset

Success4a:
you said we call liabilities, asset. is my car not my asset

to answer your question properly.you need to know what asset is and what liability is

uprof:
to answer your question properly.you need to know what asset is and what liability is

ok ! what are assets and liability according to your understanding?

Success4a:
ok ! what are assets and liability according to your understanding?

assets are what you put money into your pocket liabilities are what. take money out of your pocket

Success4a:
ok ! what are assets and liability according to your understanding?

asset put money into your pocket, liabilities take money out of your pocket

uprof:
asset put money into your pocket, liabilities take money out of your pocket

so if my car take money out of your pocket it's a liability?

Success4a:
so if my car take money out of your pocket it's a liability?

yes that is what I'm saying

uprof:
yes that is what I'm saying

so,my car now is a liability?

Success4a:
so,my car now is a liability?

yea if it doesn't bring money to your pocket

uprof:
yea if it doesn't bring money to your pocket

but my car save me transportation cost and give me confort

Success4a:
but my car save me transportation cost and give me confort

it is your necessity. Not your asset,if you don't have car you need transportation.

uprof:
it is your necessity. Not your asset,if you don't have car you need transportation.

hmm! what should I do now?

Success4a:
hmm! what should I do now?

you need to acquire more of asset than liabilities

uprof:
you need to acquire more of asset than liabilities

how can I do that?