We learn about Money by try and error. Lack of investment mentality have kept many in poverty for investment mentality to be inculcated in you, toxic mentalities have to be eradicated;
Five toxic mentalities that have to be eradicated to attain financial freedom are:
.Nomadic Mentality such as vagabond way of life, you move from place to place, business to business without focus and consistency, you are a wanderer. You have no fixed assets, consumes from place to place, without yielding any form of value especially monetary. You are very good at eating all the classes of food per meal, wear expensive clothes that does not equate your income. Exorbitant lifestyle that reflects unproductive lifestyle.
.Consumer Mentality, consuming all that you have attracts poverty, don't spend all you have in order to secure your future and avoid financial shame, its the money you reproduce that will multiply not the money you squander.The mindset of consuming every income without proper planning and engaging the money for profitability/multiplication is wrong.
.Victim and Entitlement Mentality, victim mentality keeps you at the same financial spot and makes you live in lack. The mindset of always receiving reward or gift even without rendering any service. The fact that you are educated is not an entitlement for money to fall from heaven, think outside the box while you seek for job.
.Civil Service or Salary Mentality, it is not the duty of your employer to make you rich. It is not even the responsibility of the government to make you rich. So the earlier you equip yourself with money intelligence the better and easier it becomes to have money.
Note, your Employer is not your source but resource, so it is advisable to save 70% of your salary and spend the remaining 30%. Money will stay longer in your pocket when you don't buy unnecessary things, in fact avoid them. Salary is fixed, it stops when you stop working, it can be delayed too, its what you have done with it will determine if it will keep coming or stops when you stop working, like sack.
Income is not fixed but varies per time, it increases exponentially, it reflects your true worth, values and actuality. Inculcate savings culture no matter how small.
.Prosperity Materialism Mentality, what is your view about money/wealth? To live excessively large, control people, trample on people's rights?
When the purpose of a thing is not known, abuse is inevitable. To be wealthy is so you can create impact, help others and live a better life. Devote your time and study how money works and with time you see multiple cash flow to your direction.
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