We all want to be rich have tons of money and live a perfect life.
Well let me tell you the sad reality, 98% of the population are making the mistakes below, and are dragging themselves into a hole where it is impossible to get out of it and day by day their debt is growing out of control. Be smart and DON’T do this:
Bad debt and incorrect use of credit cards are like a crocodile, starts small but day by day is growing and will end up eating you.
1.- Scared to take risk, This type of person is always in the comfort zone, doesn’t have the initiative to start a business or a side hustle to generate extra income, earns just enough to pay rent and bills lives paycheck by paycheck and doesn’t want to quit his/her job because he/she doesn’t know if will be able to find another one, instead of looking for opportunities prefers to stay in the same hole for years and complains everyday that everything is super expensive and daydreams about being rich.
2.- Spends lots of money on designer clothes buys them on credit cards to impress family and friends, I’ve seen people that have minimum wage jobs and wear expensive clothes, shoes and accessories, have the latest smartphone and outside of their house have a brand new car that is eating the last penny of their paycheck.
3.-Watch a lot of TV/Netflix, this person doesn’t have the time to think outside of the box, prefers to waste the entire day watching series on Netflix, keep up with the latest gossip from their favorite reality show and waste money ordering junk food because who has time to cook.
4.- Never save money for emergencies, instead of saving money this person prefers to buy a huge TV buy more clothes that he/she doesn’t need and party with friends.
5.- Loves get rich-quick ideas, Starting a new business takes time and effort this person doesn’t have the time and patience to start a real profitable business, Pyramid scheme business is his/her preferred method to “earn” easy money.
6.- Lack of financial discipline / education, instead of educating themself doing research or reading books, it is easier to watch TV be lazy and sleep.
7.- Loves to buy liabilities instead of assets, due to lack of financial education these people buy liabilities that take money out of their pockets every single day.
Be smart and don’t fall into these categories, DZentrepreneur is designed to give you simple ideas to start your own Business or side Hustle and build wealth, follow us and receive email notifications simply click the SUBSCRIBE button on the home screen and add your email address, we want you to succeed in this life.
Read our previous post: How to make $1K a month with Affiliate links (Affiliate Marketing).
