This blog is set up to point out the major problems of mankind and how they can be resolved to enable a peaceful coexistence and proper development in the society.

THE STEPS TO POVERTY THAT MANY PEOPLE UNKNOWINGLY TAKE.

Many people continue to remain poor because they trend on the path of poverty. I believe it is everyone's dream to find a lasting solution to poverty.
But many fail to identify some certain steps, that when taking it is a direct path to poverty. So for those who want to get rid of poverty in life, these steps are to be recognized and worked upon.

Having only one major way of income:
To remain poor for life is to rely on one major way of making money. Many people depend only on their monthly salaries without taking any steps to get any additional means of generating incomes. No matter how well paid you are at end of the month, depending solely on the salary means  you are trending on a  path of poverty.

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 Exhausting your earnings:
Once you have chosen "spend it all" as your slogan, you should know that you have signed a contract with poverty. Some people find it hard to save from their earnings. They never consider savings important. So if you always finish your salary without saving part of it for investments and as something to fall back to in a financial crisis, you are trending on a path of poverty.

Believing that getting rich is magical:
When you believe that getting rich requires some magic. That getting rich always requires illegit means. This belief won't enable you to focus on the legit means to make money. So when you have this mindset about getting rich, you are trending on the path of poverty.

Not investing in yourself:
To succeed in a particular field or an enterprise requires learning the technical know-how of that field or the enterprise as the case maybe. And many people always fail to invest on themselves to learn the skills required towards becoming experts in their various fields of choice. So when you fail to invest on yourself, to succeed in that field will be very hard and you will never keep pace with your contemporaries. And this will result to a trend on the path of poverty.
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Piling up debts:
When you get a loan always use it for investments. And the loans must be serviced as and when due. In a case where you have accumulated debts you should clear them all. Because doing so will speak well of your integrity.

Failure to create budgets:
Once you fail to create budgets and work towards achieving them. that is a trend on a path of poverty.

Failure to take risks:
If you can't recognize an opportunity when you see one. And when you often scared to take a calculated risk, you are trending on a path of poverty.

Be Indecisive:
Lastly,  when you are indecisive about taking a cogent decision on achieving your plans or when taking calculated risks , it will pose a problem for you on your path to a financial victory.

So if the steps to financial problems discussed above can be acknowledged and worked on, I believe poverty will surely go into extinction in everyone's life.

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