Why You Are Still Not Rich

At least 50% of Nigerians live below the poverty line today and more than half of them believe their village people are the root of their problems. For others they blame the government, their environment or even their family for being in that particular condition. What most of these people fail to realise is that while the government is a bit at fault their decisions and actions are also reasons they remain below the poverty line.

One of such reasons is their inability to see beyond hurdles or challenges. Many think rich people have it easy for them or perhaps they even get paid for being rich. What they don't understand is that just like poor people rich people also face challenges but rather than dwell or complain repeatedly they find ways to go around it. While the poor man wallow in his problem the rich people build rockets or ladders to escape it and this factor will continue to widen the gap between these classes.

Another reason is your obsession with looking rich when you aren't even close to riches. While rich people are ok with wearing tees or other simple clothing items most poor people are obsessed with looking rich. They max out credit cards, take loans all in an effort to be counted worthy in the society. Money that could have been saved or invested is spent on luxury items that would eventually depreciate ; misplaced priorities. The earn like a pauper live like a king syndrome has trapped so many people below the poverty line without even realising.

For other people they spend excessively on events like weddings, birthdays and even grad parties. For example people who earn less than $300 a month are ready to spend over $3500 on their wedding. Yeah a lot of people hide under the "it is a one in alife time thing" yes it is but I don't even need a calculator to point out the fact that they would be in debt for a long time. This means the first years of their marriage would be full of arguments and frustration because balancing debts with daily expenses would be very tough. Instead on spending heavily on events like that, sticking to the basic is better so you can start a lifetime journey on a better foot.

Buying unnecessary items is another sure way to stay poor. Why buy a 500$ bag when you can get a better bag with even better quality to do the same job at a low price.By spending unnecessarily on items, savings and investments become an impossible mission. It means the hope of retiring early is cancelled same with becoming rich some day. It is advisable to earn more than you spend because once your expenses outweigh your earning poverty is a sure bet.

Becoming rich isn't a problem but the real problem lies in your readiness to sacrifice and discipline yourself to reach your goals. Until you start to make better financial decisions will you see positive changes in your life.