Why Most People are Poor?

most often than not, people are confused on what to do with their money.
they often don't notice that they are spending money on things that go to waste.
they don't actually have a good view on what to buy and what not to buy.
they usually misunderstand the difference between a want and a need.

here is my own definition.
a need is something you can't live without.
basic needs are food, shelter and clothing.
i will add money to the list.

on the other hand a want is something u can live without.
anything not included in the list above is considered a want.

moreover assets and liabilities are not easily distinguised by people.

here is my mentor's definition.
assets are the things that you buy that will put money in your pocket.
on the other hand liabiliteies are the things that you buy that takes away money from your pocket.

look around you. are the things around you assets or liabilities?
can you distinguish an asset from a liability?

people are confused about these things
that is why most people can't save money.
they are misguided by the norms.

how about we do a little exercise.
close your eyes and imagine yourself 20 years from now.
how would your life be?
are you living in your dream house already?
do you have your own car?
can you spend your vacation in your dream destination?
can you see yourself living the dreams you have now?
or are your dreams still blurry?
how come?

if your future is still blurry then you need to focus on the things that you want
so that you can get the things you deserve.
that is called VISION!

here is the fun part. i will tell you the secret in achieving your dreams.
of course i won't be talking here about my dreams.
i'll just show you how you can achieve yours.

have you ever wondered why henry sy is so rich now while in fact during his childhood he was just a shoe shine boy?

just follow these simple tips and you can make it like henry sy,
although not as big time but still better than what your future can give you now..=)

1. identify what is important to you.
2. assess yourself. you are working for the past 5 years of your life and yet you don't have savings.
3. make a budget. and stick to it.
4. have a partner to check on you every now and then.
5. be in the right environment.
6. learn how to invest your hard earned money.