When one is addicted it seems impossible to escape the poverty!
Even when the poverty-addict gets a job, the poverty still has him / her in its grip. The result is that he / she goes and buys a fancy car on credit, plus a lot of other things what was coveted - all on credit.
In no time there is no money left.
What then? How do you get more money? Change jobs if you can, or get an increase (perhaps go on strike) ... If you can't get more money, the companies giving you credit will take the things away and get judgements against you then you can't get any more credit.
Creating wealth is about thinking:
There are aspects of thought that need to be developed and
Instead of the negative below the line) thinking, which marks a victim, you need to foster positive (above the line) thinking, which marks the transfer from victim to victor. How? By developing the habits of a victor.
You have to learn to think creatively - looking for possibilities
- not being crushed by what seem to be impossibilities.
To develop these thinking abilities we need to know how the various types of intelligence work:
The basic is IQ - Intelligence Quotient that measures intelligence against an average of 100. We have no real control over it. It is something we have. It has been said that all children are born geniuses, but 9,999 out of 10,000 are trained out of it by their parents and others.
Daniel Goleman observed another form of intelligence which he called EQ - Emotional Intelligence, which measures the way one reacts emotionally to stimuli.
Zohar and Marshall posit a third kind SQ - Spiritual Intelligence, which shows your ability to use IQ and EQ and transform and control your emotional reactions, thus taking charge of your destiny.
FQ - Financial Intelligence is the ability to harness intelligence, emotion and spirit in the handling and management of money, and in doing so, to become a complete person. FQ is an application of IQ, EQ and SQ. The book, and this site, is about developing the skills that will enable this to become a reality. These build on one another. They all contribute to making one a whole person.
The most important habit we have to learn is the habit of saying No to our selfish desires, to our covetous hearts, saying No to instant gratification, and learning to delay that gratification until we can afford (and have planned to spend money) on an item.
When you are blaming someone else for your circumstances, you are trapped in the victim mentality.
In South Africa it is easy for blacks to blame the problems of
Apartheid for their problems. Now that Apartheid is not there to
blame, it is the government or business or the banks which won't
lend you money, or the credit bureaux which have listed you as a
It is your journey, escaping poverty and debt, and creating wealth and coming to a place of spiritual wholeness. Now is the time for you to take charge of your own destiny. Nobody else cares.
You can build adequate wealth easily if you start early enough. Look at the graph below. The longer you delay to invest for your future, in particular your retirement, the more difficult it is and the more expensive. The graph shows how the amount needed increases exponentially. Not only does it take more money the longer you delay (the cost of delayed opprtunity), but the total amount to be invested also grows dramatically.
In South Africa, since the restrictive policy of apartheid is gone, the government has guaranteed accelerated equalisation of access to work (Black Economic Empowerment), but South Africans are lazy, so employers take on Zimbabweans or other races. Then we have riots because 'They are stealing our jobs!' The reality is, the jobs would not have gone to them anyway.
For a stake of a few Rand - "Everyone can afford that, can't
they?" - you have a chance of perhaps winning millions. But:
odds against winning are so small you would have as much chance if
you threw your money in the sea.
If you take R20 or R21 at all four draws in the week, that is R82
per week. Invest that, at say, 10%, and
Save your money. Not just in the bank, but where it will grow.
The lottery plays games with your mind, "If I win R2 million I
will do ... a whole list." It will never happen, recognise that
and please, for your own sake, stop throwing your money away. Use
what you have cleverly and you can build your own way out of
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