The lack of financial literacy has cause alot not to be able to differentiate between assets and liability, which I lead alot to absolutely poverty, even when opportunities duals around them
- Spending more than your income
- The YES, YES, star
- Having no pictoral view of your cash
- Lack of making money work for you
Spending more than ones income has become one of the most day to day practice which above 50% of people in the world today are into, and some of this things are not done willingly rather been done to please are friend, brother, sister or relative.
This type of people don't save, the never plan for future, neither do they think of it, all they do is think of how to leave up to the society standard, and also buys everything that comes there way without budgeting planning for it at head of time.
Not knowing were the money goes each day, week, month or even year, and this type of people themselves are shock when they are presented with there bank statement of account, Because they can't give record of it.
At some stage in life your money is supposed to work for money, and not you working for money again, because one is supposed to work and learn, not work and earn.
Many people talks of saving money for a better tomorrow, forgetting that the money saved will never be enough rather investment gives a better tomorrow.
Refuse to be a copier of every friends lifestyle, refuse to be a YES star, refuse the spirit of tasting things and buying even when you didn't budget for it, stop buying unnecessary
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Thank you
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Upvoted! Thank you for supporting witness @jswit.
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Thank you
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This are valid reasons that you have made @zealykub, living above one's standard is unfortunately the order of the day, at the end there's nothing left to show live off.
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Yeah
Thank you for reading
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Extravagant spending should always be shunned at. Nice post you've here, thanks for sharing with us, you're appreciated.
I am looking forward to reading from you again.
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Thank you so much, i really appreciate
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I was about going out to buy a thing I saw someone wearing today...now I'll have to rethink... Hahaha...nice post👍
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Wow that's good to hear, I appreciate
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Hello @zealyakub thanks for sharing your valuable contents with us here, truly this is the time we should be working for money and developing an investment habit so that our money will work for money in the future. Continue to be active in our community, and make sure you power up to join CLUB5050.
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Thank you, I really appreciate and will make sure I power up to join CLUB5050.
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