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Reply to "What money habits keep you poor?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I read this list somewhere. Add yours. What money habits keep you poor? 1. Lack of spending discipline. 2. Lack of earning power 3. Lack of work discipline. 4. Lack of financial literacy. 5. You are not paying yourself first. 6. Impulsive buying. 7. Broke people are influencing you. 8. Selling your time for money is your only income. [/quote] 1 and 6 are the same. Yes, unable to control your spending would be no. 1. it's not how much you make, it's how you spend your money. [/quote] No, sometimes it’s about what you make. There’s a limit to how much you can reduce fixed costs. If you are a single parent in the dc area making less than 50k you are going to stay poor no matter how financially disciplined you are.[/quote] +1 [b]for how much you make being more important than monitoring spending. [/b]Sure, there are some people that have no self control and don't save anything, but those are outliers. For most families making more money will move the dial in terms of lifestyle vs pinching pennies. [/quote] poor people like to think that. it's your spending and poor life choices[/quote]
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