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Showing posts from November, 2023

Why do most poor people remain poor?

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 It takes money to make money, and by definition,  poor people don't have money. It    Most financial advice is written by and for the middle and upper classes. There is very little publicly available financial advice that is relevant to the poor.    Most political efforts  on behalf of  the poor are ideological  and  not  “realistic.”  Poor communities are laboratories for all manner of crazy socioeconomic theories,  and when those theories inevitably fail, it is the poor who are blamed eight times out of  10.     The poor have very limited political power and are therefore often unable to assert their policies.    Poor people who become middle class will inevitably leave poor communities behind physically,  culturally, and politically.  that is,  brain drain   Poor people are hated in almost every culture,  which makes getting help even more difficult.     The poor do not have the political and financial resources to protect themselves against phenomena such as urbanization or ca

What are some financial tips for poor/low-salary people?

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https://chat.whatsapp.com/KLvmzHpxcnwBG4sRjD8JzD One child is gold, further, you are adding loans. Look for a working life partner to have a much better quality of life. Start saving and investing since the first day of the job, so that you can cope when responsibilities hit you hard. “Assets are those products whose value increases with time and are resellable, rest everything is a liability”, never forget this. Exercise and walk in public parks, don't spend in gyms unless you are too passionate. Make a diary of fixed monthly expenditures and allocate money to each class, to have a planned spending every month. Invest something out of the minimum salary you get in a pension plan. Old age can be quite harsh. EMI's must never cross 10 to 15% of your income or you will slowly get caught in the web of loans. Go to public gardens, and temples for picnics, go often and take home-cooked tiffin, and make life interesting without spending much. Have a limited closely bound social circl

Men, nobody got rich with a salary.

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 Men, nobody got rich with a salary you want to become your boss, do this and you'll make your monthly salary in 24 hours... 1. Learn a high-income skill Set 2 hours a day No distraction Build on a specific knowledge you can leverage Here's how; • Choose a skill • Select 10-20 YouTube channel teaching the skill • Binge watch it for 100 days Master the basics then build up on the knowledge I recommend these 4 skills. Pick one skill and develop it for 3 months; • Sales • Coding • Copywriting • Forex trading Fact: A skill is 10 times more valuable than a degree. 2. Create your network Grow your circle Pick 3 friends and hop into self-improvement. Let your conversations revolve around: • Money • Success • Business Note: Be a reliable team player. 3. Create multiple streams of income Fact: You can't outwork what money can do for you. Do this; • Open 15+ businesses • Own assets • Act broke Don't save your money, it's a scam Let money work for you by investing all your cas

How do I make more money with little money?

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  Think about this… What are you known for? Being known for something in your field signifies that you’ve achieved mastery within your discipline. Being recognized as an expert will not only build your reputation — it can potentially transform your life. Here are seven reasons why becoming an expert in something will make you more money, even if you have little money available. 1.- People TRUST experts. 2.- People feel SAFE around experts. 3.- People prefer to BUY from experts. 4.- People prefer to WORK for and with experts. 5.- Experts ALWAYS stand out from the crowd. 6.- People are willing to pay MORE for an expert. 7.- Experts are IRREPLACEABLE. When you become an expert, you become a "benchmark” and you will make more money. What are YOU known for? #BeBusinessSmart It is all about creative brethren