Goals For Life

In Australia alone, over one third of the countries population is receiving some sort of government assistance…aged, disability, supporting parent, unemployed, low income earner etc. So of our 21 million people, over 7 million are living way below the average wage.

Maybe you’re wondering what they all have in common, and why in one of the richest countries in the world so many people need extra assistance? Well, I’ve been one of these people for many years now and I’ve made the decision to be fully financially successful and self sufficient. So I’ve done some research and found out the most common mistakes these welfare dependant people (including me in the past) are making.

I wonder if you can identify with any of these Common Mistakes That Make People Poor -

1. impulse buying to make yourself feel good because you are unhappy and unfulfilled
2. no budget or financial plan
3. no idea about what you spend your money on each week
4. often spend more than you can afford (you’re in debt)
5. use a mobile phone
6. think that rich people are bad, greedy or just lucky
7. buy tattslotto, lottery/raffle tickets, enter contests/game shows or gamble hoping to get a lucky break
8. you’re waiting until you get your inheritance
9. have pets to keep you company that cost more than you can afford
10. had kids before you were financially independent
11. your children wear designer clothes and have to latest toys but don’t have any idea how to make money for themselves
12. teenage children live at home and don’t pay board
13. have more than 1 credit/store card
14. collect fly-buy points
15. buy things because they are on special
16. think you have to work to make money
17. think you have to go to university to make money
18. are poorly educated about money and finances
19. are indecisive
20. cannot save money
21. have no investments that are earning you positive cash flow
22. have no plan, goals or even hope to be in a better position in the future
23. are unable (or don’t) pay your debts each month
24. think that investing is risky
25. may have a nice car, nice house, nice furniture, nice clothes, nice possessions, nice social life but nothing else to show for it
26. have no health/income insurance
27. would be in financial trouble if you lost your job tomorrow
28. smoke, drink alcohol or soft drinks, addicted to sugary foods or take drugs
29. think that ‘looking rich’ (having the latest gadgets, getting the latest hairdo/nails/cosmetic surgery, entertaining regularly or having the right possessions) will make you ‘feel rich’
30. think about being rich but never taking any action
31. quit easily
32. blame other people (your boss/job, the economy, the government, parents, divorce etc) for your predicament
33. buy gifts for other people that they don’t need or want
34. feel obligated at Christmas/Birthdays/Weddings etc
35. look forward to getting away from it all (can’t wait for your next holidays)
36. have a personal cheque account/overdraft
37. drive an uneconomical car
38. hope your superannuation will be enough
39. have no plan implemented that provides for your retirement/mature age
40. spend ridiculous expense on petrol, impulse shopping, heating and cooling
41. think that having money in the bank will make you rich
42. don’t know the best ways to invest money that make you more money
43. if you won a sum of money, would spend it on a new car, boat, furniture, mortgage, luxury item, holiday, house etc.
44. believe you must have money before you can make money
45. are dependant on the government, your parents/spouse or someone else for money
46. wouldn’t know where/how to raise $100,000 (legally, ethically and morally) if you needed it quickly
47. say “I don’t need money to make me happy!”
48. spend most of your time with other people who are poor
49. won’t ask for help or advice from someone who can really help them
50. think that “life wasn’t meant to be easy!”

How many of these mistakes are you making? If these are the habits/beliefs/mind set of poor people, doesn’t it make sense to do/believe/think differently in order to give yourself a better life?

Copyright ©2007 Elizabeth Richardson. All rights reserved worldwide.

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