With the new day comes new strength and new thoughts. Once upon a time 🌾
2 minutes ago
1. Buying things to impress others, buying liabilities such as cars,phones, jewelry, clothes etc anything that is not making you income or is not “Asset”.
2. Buying things that are unhealthy such as drugs, alcohol and food that is high fat and sugar. These things will cost you money in the long run such as diseases as a result of the unhealthy consumption.
3. Gambling, the poor people are the ones who gamble if you can do your research it is a mathematical and statistical fact targeting the poor. Rich people and smart people would be in the line if the lottery were a real wealth building tool. Gambling of any kind offers false hope and not a ticket out.
4. Investing in things you do not understand, this is crucial before you invest make sure you understand what you are investing in. You should do intensive research such as examine factors such Political,Legal, Economical, Social,Technological and Environmental. Further studying the markets such as Buyers, Suppliers, New Entrants, Substitute Products and barriers to entry. The best way is to get a mentor and seek expert consultations before you invest in anything.