6 Attitudes That Make You Poor

Ramit Sethi, who has been loved as a steady seller for over 10 years in the United States, warns that the following 6 attitudes make us poor.

Defeatism

“I have no money to save”, “The whole world is in my way”, “Card companies and banks are trying to take advantage of us”, “The economy is not helping me”… These are defeatist statements. You may not have enough money to save. But with hard work, you can have enough money to save. The economic situation and the whole world may get in the way. But if you don’t do anything, you won’t get anything. Of course, credit card companies and banks only work when there is a profit. When Ramit Sethi said that he had to start saving even just 100,000 won, he said he received many sarcastic emails asking what he was doing with that. It is difficult to get out of poverty if you are steeped in such a defeatist idea.

Financial Union

Want to make money but don’t know about finance? Even if you play a mobile game, you can make money by knowing the rules of the game. It is said that the most common e-mail Rami Seti received over the past 10 years was, “Why is the bank interest rate in the book different from the actual bank interest rate?” Interest rates change. Without this basic financial knowledge, it is difficult to escape poverty.

Low Financial Metacognition

In fact, many people are unaware of their financial situation. You don’t know exactly what your income and expenses, your assets and debts are, such as how much you owe, how much your insurance costs, and how much unexpected money goes out each month. It’s hard to make money if you don’t know. Because you need to know yourself so you can plan and strategize well.

Unplanned

Because they do not know their financial situation, they end up living in an unplanned state. “Let’s not forget that rich people plan before they need to,” says Rami Sethi in his book. You should have a very clear financial plan that takes into account your circumstances and desired goals. Only then can we take the appropriate financial action, and when we do, we can escape poverty.

Impatience

impatient So buy a lottery ticket. It’s nice to have it solved in one go. Does anyone who buys lottery tickets know the expected rate of return? Not as much as you think Lottery tickets have an expected rate of return of -40%. You are betting your own money on such a rate of return. Even if you invest, you cannot withstand volatility, that is, fluctuations in stock prices. Patience is a form of wealth. It is an investment to hold on for 3 years, 5 years and 10 years with an unshakable mentality. But impatience prevents it. Of course, wealth is also blocked.

No self-development

Unless you have a huge amount of capital, the best rate of return is to raise your income through self-development. There are many people who want to make money, but their skills in the field in which they work have been at a standstill for several years. Studying, reading, writing, discussion.. I want to make money while not doing these things that can grow myself. If you’re good at it, money will follow.

Take a good look at yourself and overcome these six attitudes one by one. I hope you live the life you want.