Скачать или смотреть 10 Reasons Staying Poor is a Choice

Many people fall into this misconception that being poor is a matter of fate. True... and not at the same time. You see, if you are born poor, it is not your fault. But it is ultimately your fault if you choose to stay poor. People can change their fate anytime they want, and if they are still not doing it, they are lazy and avoid hard work.

Today, we discuss the top 10 reasons why staying poor is a choice.



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📌00:00 10 Reasons Staying Poor Is A choice📌

00:30 1- Work on 2-3 Jobs to Cover the Bills:

"The trouble with being poor is that it takes up all your time."
A harsh reality most workaholics suffer from. Poor people have to work two or three different jobs to try and cover the bills, yet the thought of getting a better-paid job doesn't crop up. Why? Because poor people often believe they don't deserve a better paying job or are stuck in the poor mentality cycle, they cannot be anything but poor.


00:58 2- Value of Time and Opportunity Cost:

Suppose a poor person gets the option to work a 10-hour shift for $100 or a 5-hour shift for $75. Surely, he will choose the 10-hour shift because earning $100 is $25 higher than $75. However, the hourly rate drops dramatically when you work out the hourly rate of both shifts.


01:39 3- Susceptible To Illnesses And Diseases:

The poor vitally need insurance because they're exposed to more significant risks than the wealthy. Their job is unstable, they're more vulnerable to disease, and they endure violence more often.


02:46 4- Lack of savings:

Savings are essential for every household. We need to have a backup whenever an emergency happens. Poor people have low-paying jobs and are often stuck in the cycle of living paycheck to paycheck with no money for an emergency.


03:54 5- Large households:

Poor people have more family members than well-off families. That stems from the lack of family planning and awareness of the implications of having many children.


04:17 6- The Poor Have Limited Access to Credit and Loans:

Banks don't want to give the poor access to loans and credit because doing so is unprofitable. It's expensive to verify creditworthiness, and there's always the possibility of default. Banks offer extremely high-interest rates to cover their expenses and justify the risk of lending to the poor. Poor can barely pay back these high rates, so they rarely seek a loan or a line of credit from a bank.


05:20 7- Play the blame game:

Let's make it clear - people who always blame others for their failures in life are just losers who cannot accept their wrongs. So they always blame others like their family, boss, teachers, neighbors, or society for their situation. They choose to remain in the same position rather than changing it for the better.


05:58 8- Believe they know everything:

As Robert Kiyosaki once said, "Successful people ask questions, seek new teachers, always learn."
That's the major difference between rich and poor people. Poor people believe they are the expert in their field because "A: They've been doing it this way for decades," B: It's their way or the highway, or C: Nobody's ever complained before with this method."


06:25 9- See obstacles instead of opportunities:

People living in poverty are a hugely diverse group. Some are poor mainly because they persist in perverse and antisocial behavior. Others have done the best they can with limited resources. Thus the two contending views of what causes poverty—people's behavior or their adverse circumstances—will have some validity at least some of the time.


07:17 10- Choose the company you are in:

Our company is the best reflection of us. That's why rich people are demanding and choose their company carefully.

Your company matters a lot and plays a vital role in building your habits, narrative, and mentality. It can also influence your decisions, which is why it is essential to be in the right company.

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