5 Reasons Why You’re Poor

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Hello Sophisticated Spenders!

I came across a really cool website the other day.

It was called:


My problem is that they only provided one reason:

Because you spend more than you save!!!

That’s not 100% true.

So I’ve come up with a list of my own. And a LOT of these things I’ve learned from experience!

5 Reasons Why You’re Poor:

1:  You spend more than you EARN!  This, my friends, is why a budget is SO important.  Get a paycheck, pay all of your bills, save some money, and enjoy the rest!  Easy…right?

2:  You don’t take full advantage of any employer matched retirement contributions!  Last year, I racked up $5,478.11 in FREE money just for saving for retirement (I get this free money every year and I’ve now been working here for 8 years!).  That’s the amount of money that my company decided to GIVE me for making this awesome decision.  Find out if your company will match your retirement contributions and sign up immediately!

3:  You live outside your means!  I follow one golden rule, I never compare myself to others.  I buy things that I can afford and I don’t chase other people’s dreams.  Make sure that you live comfortably for YOU and no one else.  I have no problem saying NO!  If I know I can’t afford to go out with friends or spend money on the newest shiny object, it’s VERY (almost too easy) for me to simply say no.

4:  You carry credit card debt!  I was once asked, “How much credit card debt is too much to carry?”  My response: “ANY amount that you can’t pay off at the end of the month.”  I don’t like giving away extra money.  The interest rate on most credit cards is sky high.  I prefer to not pay extra money for anything!

5:  You finance small purchases!  Hello Rent-A-Center and payday loans.  These companies are NOT your friends.  You need a new TV?  SAVE for it!  If you start saving $50 a month in January,  by the time Black Friday rolls around, you’ll have over $500 to spend on a BRAND NEW TV!  IN CASH!

**Bonus, You don’t know what dividends are!** (This is free money too!)

Why do I think I know everything?

Because I’ve been there!

There was a time when I needed payday loans to survive.

There was a time when I carried credit card debt.

There was a time that I lived outside of my means.

It gets better!

I was able to make it out because of awesome blogs like this one and because I had friends who were on my financial dream team.

Stay tuned.  I will tell you who is on my financial dream team and my payday loan story!

Are you brave enough to try it?

Did I miss anything here???  What are 5 reasons why you’re poor??? 

Where are you in the whole scheme of things?

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