If you want to be successful, it’s important to avoid the habits of poor people. Many people are under the misconception that if they just work hard enough, they will become wealthy.
But this isn’t always the case. Sometimes you just need to work smarter not harder! There are many habits of poor people that will prevent them from ever becoming rich.
In this blog post, we will discuss 39 of these habits. If you want to achieve success in life, it’s important to avoid them LIKE THE PLAGUE!
Why Poor Habits Can Make You Poor For Life 🙁
There are a multitude of habits that poor people tend to have in common. And while each individual instance may seem innocuous, when compounded together, these habits can have a devastating effect on one’s finances.
Below are 39 habits of poor people. If you want to break the cycle of poverty and achieve success in life, it’s important to avoid these habits!
Recommended Resources to Help You Invest, Earn and Save even More!
Banking and Investing:
Join Sofi to start earning more money with SoFi Checking and Savings. You’ll earn up to 4.60% APY and pay no account fees. Use the link HERE to sign up and you’ll get a $25 bonus and up to $300 when you set up direct deposit. Sofi Link
Easily save and invest spare change with Acorns, plus get a $5 bonus investment with this link!
Get 2 gift stocks when you sign up for Robinhood using this link. You can only claim this for a limited time!
Reading:
The Infographic Guide to Personal Finance: A Visual Reference for Everything You Need to Know – READ for FREE with TRIAL!!
The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness – READ for FREE with TRIAL!!
The Financial Peace Planner: A Step-by-Step Guide to Restoring Your Family’s Financial Health
Budgeting Tools:
Habits of Poor People #01: Poor people are often lazy.
This is one of the biggest habits of poor people. They would rather sit around all day and do nothing than work hard and achieve their goals. As a result, they never make any progress in life.
Habits of Poor People #02: They live beyond their means.
Poor people are always buying things they can’t afford. They don’t have a plan for their money and they end up spending it all on unnecessary things. This is one of the biggest reasons why they stay poor.
Habits of Poor People #03: They don’t save money.
Another big habit of poor people is that they never save money. They spend everything they earn and never have anything left over for emergencies or retirement. This is a huge mistake and it will only hold them back financially. Use Acorns to help you start saving spare change now!
More Reading: How to Save $10,000 in 6 Months
Habits of Poor People #04: They don’t invest in themselves.
One of the biggest habits of poor people is that they don’t invest in themselves. They never take the time to learn new things or improve their skills. As a result, they stay stuck in the same place for years.
Habits of Poor People #05: They don’t have goals.
Poor people often don’t have any goals in life. They just go from day to day without any real plan or purpose. This is a recipe for disaster, and it’s one of the main reasons why they stay poor.
Habits of Poor People #06: They are always in debt.
One of the biggest habits of poor people is that they are always in debt. They can’t seem to get ahead financially because they are always spending more than they earn. This is a cycle that is very hard to break free from.
Habits of Poor People #07: They are always stressed out.
Poor people are always stressed out about money. They never have enough and they are constantly worried about how they will make ends meet. This is not a healthy way to live, and it will only lead to further problems.
Habits of Poor People #08: They have a negative outlook on life.
Poor people often have a negative outlook on life. They are always pessimistic and they see the glass as being half empty. As a result, they never enjoy life to the fullest.
Habits of Poor People #09: They are always complaining.
Another habit of poor people is that they are always complaining. They never seem to be happy with anything and they are always unhappy. This can be very draining and it’s not a healthy way to live.
Habits of Poor People #10: They don’t have any friends.
One of the biggest habits of poor people is that they don’t have any friends. They are always alone and they never socialize with anyone. This can be very isolating and it’s not good for their mental health.
Habits of Poor People #11: They are always negative.
Poor people are always negative about everything. They never see the good in anything and they are always looking for the downside. This is not a healthy way to live and it will only lead to further problems.
Habits of Poor People #12: They don’t have a plan for their life.
One of the biggest habits of poor people is that they don’t have a plan for their life. They just go from day to day without any real direction or purpose. This is a recipe for disaster and it’s one of the main reasons why they stay poor.
Habits of Poor People #13: They don’t Take Care of Their Personal Appearance
Poor people often do not take care of their personal appearance. This includes not brushing their teeth, hair, or clothes.
They may also have poor hygiene habits. All of these things can make them look and feel unattractive. This can lead to social isolation and further poverty.
It is important for poor people to take care of their personal appearance in order to improve their quality of life.
Habits of Poor People #14: They like to Gamble
Poor people often like to gamble. This can be a costly habit that can lead to poverty. Gambling can also be addictive and cause people to lose control over their lives. It is important for poor people to avoid gambling in order to improve their quality of life.
More Reading: Worst Money Mistakes
Habits of Poor People #15: They do Not Take Care of Their Children
Poor people often do not take care of their children. This includes not providing them with adequate food, clothing, or shelter. It can also include neglecting their emotional and physical needs.
Children who are raised in poverty often have a harder time escaping it. It is important for poor people to take care of their children in order to give them a better chance at a successful future.
Habits of Poor People #16: They Procrastinate
Poor people often procrastinate. This can be a costly habit that can lead to poverty. Procrastination can also cause people to miss opportunities and make them less productive.
It is important for poor people to avoid procrastination in all forms order to improve their quality of life.
Habits of Poor People #17: They Do Not Like Change
Embrace change!
Poor people often do not like change. This can be a costly habit that can lead to poverty. Change can be scary and overwhelming for some people. It is important for poor people to embrace change in order to improve their quality of life.
Habits of Poor People #18: They Do Not Seek Help
Poor people often do not seek help. This includes not seeking help from professionals or other resources. They may also be hesitant to ask for help from friends or family members.
This can lead to them feeling isolated and alone. It is important for poor people to seek help in order to improve their quality of life.
Habits of Poor People #19: They Sleep very Late
The early bird gets the Worm!
Poor people often sleep very late. This can be a costly habit that can lead to poverty. Late nights can lead to poor work performance and missed opportunities.
It is important for poor people to get up early and start their day with a clear head in order to improve their quality of life.
Habits of Poor People #20: They Impulse buy
Poor people often impulse buy. This can be a costly habit that can lead to poverty. Impulse buying can also lead to people buying things they do not need or cannot afford.
It is important for poor people to avoid impulse buying in order to improve their quality of life.
Habits of Poor People #21: They Don’t dream big
Poor people often do not dream big. This can be a costly habit that can lead to poverty. Dreaming big can help people set and achieve their goals. It is important for poor people to dream big in order to improve their quality of life.
Habits of Poor People #22: They don’t like Positive Criticism
Poor people often do not like positive criticism. This can be a costly habit that can lead to poverty. Positive criticism can help people learn and grow.
It is important for poor people to accept positive criticism in order to improve their quality of life.
Habits of Poor People #23: They don’t Eat Healthy Foods
Health is Wealth!
Most poor people often do not eat healthy foods. This can be a costly habit that can lead to poverty. Poor eating habits can lead to health problems.
What’s the point of being wealthy if you have poor health. It is important for poor people to eat healthy foods in order to improve their quality of life.
Habits of Poor People #24: They don’t Exercise
Most poor people often do not exercise or take care of their physical health. This can be a costly habit that can lead to poverty.
Lack of exercise can lead to health problems. It is important for poor people to exercise in order to improve their quality of life.
Habits of Poor People #25: They don’t have a Budget
Poor people often do not have a budget. This can be a costly habit that can lead to poverty. Not having a budget can lead to people spending more money than they have.
It is important for poor people to have a budget in order to improve their quality of life.
More Reading: What is the main purpose of a budget
Habits of Poor People #26: They don’t Like to Read
Poor people often do not like to read. This can be a costly habit that can lead to poverty. Reading can help people learn and grow. It is important for poor people to read in order to improve their quality of life.
Habits of Poor People #27: They Don’t stay current with anything
Poor people often do not like to stay up to date with the latest news or anything for that matter. This can be a costly habit that can lead to poverty.
Keeping up with the latest news can help people stay informed about current events and even find opportunities. It is important for poor people to stay up to date with the latest news and everything else in order to improve their quality of life.
Habits of Poor People #28: They don’t have a Savings Account
Poor people often do not have a savings account. This can be a costly habit that can lead to poverty. A savings account can help people save money for emergencies or for future investments.
It is important for poor people to have a savings account in order to improve their quality of life.
Habits of Poor People #29: They don’t have a Credit Card
Poor people often do not have a credit card. It is advisable to have a credit card you can afford to pay in full every month.
A credit card can help people build their credit history. A good credit history can help you qualify to buy things like a house or even get a loan to start a business!
Habits of Poor People #30: They don’t have a Job
Poor people often do not have a job. This can be a costly habit that can lead to poverty. A job can help people earn money to support themselves and their families. It is important for poor people to have a job in order to improve their quality of life.
Habits of Poor People #31: They don’t have Insurance
Poor people often do not have insurance. This can be a costly habit that can lead to poverty. Insurance can help people protect themselves and their families from unexpected events. It is important for poor people to have insurance in order to improve their quality of life.
Habits of Poor People #32: They don’t have a Home
Poor people often do not have a home. Not having a home is homelessness. A home can provide people with a place to live and store their belongings. It is important for poor people to have a home in order to improve their quality of life.
Habits of Poor People #33: They don’t have a Vehicle
Poor people often do not have a vehicle. A vehicle can help people travel from one place to another. It is important for poor people to have a vehicle in order to improve their quality of life.
Habits of Poor People #34: They don’t have Friends or Family Members to Help Them Out
Poor people often do not have friends or family members to help them out. Friends and family members can help people out with money, food, or shelter. It is important for poor people to have friends and family members to help them out in order to improve their quality of life.
Habits of Poor People #35: They don’t have a Planner
Poor people often do not have a planner. This can be a costly habit that can lead to poverty.
A planner can help people plan out their day-to-day activities. It is important for poor people to have a planner in order to improve their quality of life.
Habits of Poor People #36: They don’t know what they want in Life
Poor people often do not know what they want in life. This can be a costly habit that can lead to poverty.
Knowing what you want in life can help you achieve your goals. It is important for poor people to know what they want in life in order to improve their quality of life.
Habits of Poor People #37: They don’t take care of Their Mental Health
Poor people often do not take care of their mental health. This can be a costly habit that can lead to poverty.
Taking care of your mental health is important for your overall well-being. It is critical for poor people to take care of their mental health in order to improve their quality of life.
Habits of Poor People #38: They don’t have a College Education
Poor people often do not have a college education. A college education can help people get good jobs and earn more money.
It is important for poor people to get a college education if possible in order to improve their quality of life.
Habits of Poor People #39: They are not frugal
Poor people often are not frugal. This can be a costly habit that can lead to poverty.
Being frugal means being careful with your money. It is critical for poor people to be frugal with money in general in order to improve their quality of life.
More Reading: Examples of Extreme Frugality
Some Habits of Rich People:
- Have a savings account
- Read regularly
- Invest in appreciating assets
- Have a job
- Have insurance
- Have a home
- Have a vehicle
- Have friends and family members to help them out
- Have a planner
- know what they want in life!
Final Thoughts – Habits of Poor People:
It is important for poor people to stay up to date with the latest news in order to improve their quality of life. They should also avoid habits like not having a savings account, credit card, job, insurance, home, or vehicle.
Additionally, they should have a planner to help them organize their day-to-day activities and know what they want in life. With these habits, poor people can work towards improving their quality of life!
Over to you
Have you had any experiences with any of these habits? What other habits would you add to the list? Let us know in the comments below!
Latest Articles
- Why is Personal Finance Dependent Upon Your Behavior?
- Hosting an Online Garage Sale: Go from Clutter to Cash now
- 11+Cheap(or Free) things to do in retirement: Do more with less!
- Coast FIRE: Path to Financial Independence with Less Sacrifice
- Cash Stuffing Method: The Ultimate Financial Hack You Need to Know
About the Author
Don is a father, real estate investor, self-directed investor and a personal finance enthusiast. He also holds an MBA and loves to share his financial Journey with others.