{"id":13474,"date":"2018-04-15T18:55:06","date_gmt":"2018-04-15T15:55:06","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=13474"},"modified":"2018-04-15T18:55:06","modified_gmt":"2018-04-15T15:55:06","slug":"7-financial-mistakes-keep-you-poor","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/7-financial-mistakes-keep-you-poor\/","title":{"rendered":"7 Financial Mistakes That Keep You Poor"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/assets.entrepreneur.com\/content\/3x2\/1300\/20160127045233-Untitled-2.jpeg?width=700&amp;crop=2:1\" alt=\"Related image\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Many people strive to improve their financial situation and secure a better standard of living for themselves and their families. But only a few move beyond the daily struggle <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">to earn money and build assets and income streams that bring in more than enough.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Because of limited financial awareness, many people make a series of mistakes that keep them stuck. In this context, self-made millionaire Steve <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Siebold warns against clinging to outdated habits and conventional thinking about money, so you don\u2019t undermine your chances of achieving your financial goals\u2014and perhaps even becoming wealthy in<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> \u064a\u0648\u0645 \u0645\u0646 \u0627\u0644\u0623\u064a\u0627\u0645.<\/span><\/p>\n<h1 style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">7 Financial Mistakes That Keep You Poor<\/span><\/h1>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">While no one can predict your financial future, it\u2019s worth watching out for these mistakes\u2014they can keep you where you are, or make things worse:<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">1. You focus more on saving than on increasing your income<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Saving is essential to building wealth, but you shouldn\u2019t focus on it so much that you neglect increasing your income\u2014the main goal for anyone seeking financial <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">freedom.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">That doesn\u2019t mean you should stop using practical saving strategies. But you should start thinking like the wealthy. As Mr. Siebold says, \u201cStop worrying <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Stop worrying about your savings running out and start focusing on earning more money.\u201d<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Some experts say, \u201cIt\u2019s not about how much money you make, but how much you save.\u201d But that doesn\u2019t mean you should neglect earning money. After all, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">you have to earn money before you can save it. That\u2019s why wealthy people often create multiple income streams and follow smart saving habits.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">2. You haven\u2019t started investing yet<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Investing is the foundation of the financial freedom everyone dreams of. If you\u2019re planning for financial success, start planning your investments now. The sooner you start <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">investing, the better.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">On average, wealthy people invest 20% of their income each year. Their wealth isn\u2019t measured by how much they earn each year, but by how much they\u2019ve saved and invested over time.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> The more their investments grow in value, the more they benefit.\u201d<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The first step is to build capital that can generate a reasonable income. The amount of capital you need to invest and the income you can expect from it depend on the field you <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">choose to invest in. Naturally, you\u2019ll need some knowledge and experience to get started on the right footing.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">3. You\u2019re content to work for a fixed salary<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Ordinary people choose to be paid based on their working hours\u2014either a fixed salary or an hourly wage\u2014while wealthy people choose to get paid <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Based on the results, they are often self-employed.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Mr. Siebold says, \u201cThis doesn\u2019t mean that many high earners don\u2019t work by the hour, but the truth is that this is the slowest path to wealth <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">even though it\u2019s the safest. Great people know that self-employment is the fastest path to wealth.\u201d<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Siebold adds that while smart people continue to build businesses and companies and accumulate wealth, \u201cordinary people seem content with a life of financial stagnation, remaining in a world of <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">jobs, at the mercy of a meager monthly paycheck and small annual raises.\u201d<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">4. You buy things you can\u2019t afford<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">If you choose to live beyond your means, you won\u2019t become wealthy. Even if you start earning more or receive a significant raise, don\u2019t immediately change <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">your lifestyle.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Self-made millionaire Grant Cardone says, \u201cI didn\u2019t buy a watch or a luxury car until my businesses and investments began generating several steady streams of income.\u201d <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In fact, even when I was a newly minted millionaire, I drove a Toyota Camry. Be known for your work ethic and principles, not for material things. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0627\u0644\u062a\u064a \u062a\u0634\u062a\u0631\u064a\u0647\u0627\u201d.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">5. You rarely leave your comfort zone<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">If you want to build wealth, succeed, or excel in life, you need to get used to taking risks and living with uncertainty and discomfort. In fact, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Many wealthy people admit that they find comfort in taking risks.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Siebold says, \u201cThe middle class\u2019s primary goal is to achieve physical, psychological, and emotional comfort. But elite thinkers learn early on that life <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">as a billionaire isn\u2019t easy, and the need for comfort can be destructive. They then learn how to feel comfortable amid uncertainty and risk.\u201d<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">6. Spend first and save what\u2019s left<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">If you want to become wealthy, you have to pay yourself first\u2014that is, save for the future.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Self-made millionaire David Bach says in his book *The Automatic Millionaire*, \u201cWhat most people do when they earn some money is pay other people.\u201d <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u201cThey pay the landlord, the credit card company, the phone company, the government, and others.\u201d<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Instead of spending your money and saving what\u2019s left, you should save first. Set aside at least 10% of your total income and automate the process, as David <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Bach says. That way, you\u2019ll never see that money and will learn to live as if it didn\u2019t exist in the first place.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">7. You Believe Wealth Is Out of Reach<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Siebold says, \u201cThe average person believes wealth is a privilege reserved for the lucky few. But the truth is that everyone today has <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">the opportunity to become wealthy if they\u2019re willing to provide real value to others.\u201d<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Finally, self-made millionaire Steve Siebold emphasizes that, contrary to popular belief, the path to wealth is possible and accessible, and everyone has the same opportunity. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">to become wealthy. He warns against seeking comfort from the outset. Most people\u2019s primary goal is to be comfortable, but smart people learn early on that becoming wealthy <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and achieving success in any form is not easy, and the need for comfort can be destructive.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u064a\u0633\u0639\u0649 \u0643\u062b\u064a\u0631\u0648\u0646 \u0644\u062a\u062d\u0633\u064a\u0646 \u0627\u0648\u0636\u0627\u0639\u0647\u0645 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0628\u0634\u0643\u0644 \u064a\u0636\u0645\u0646 \u0644\u0647\u0645\u00a0\u0645\u0633\u062a\u0648\u0649 \u0645\u0639\u064a\u0634\u064a \u0623\u0641\u0636\u0644 \u0644\u0647\u0645 \u0648\u0644\u0639\u0627\u0626\u0644\u0627\u062a\u0647\u0645\u060c \u0648\u0644\u0643\u0646 \u0627\u0644\u0642\u0644\u064a\u0644 \u0645\u0646\u0647\u0645 \u0641\u0642\u0637 \u0645\u0646 \u064a\u0646\u062a\u0642\u0644 \u0645\u0646 \u0645\u062c\u0631\u062f \u0627\u0644\u0635\u0631\u0627\u0639 \u0627\u0644\u064a\u0648\u0645\u064a \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u0627\u0644\u00a0\u0625\u0644\u0649<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":13477,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[15709,5785,9444,1027,5515,284,15710,4596,15663,3140],"class_list":["post-13474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-15709","tag-5785","tag-9444","tag-1027","tag-5515","tag-284","tag-15710","tag-4596","tag-15663","tag-3140"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/13474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=13474"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/13474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/13477"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=13474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=13474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=13474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}