[That's why YOU are POOR] ELIMINATE that from your LIFE and get RICH in 2024

would you like to have a prosperous life if so this video was made for you watch attentively every second and your bank account will thank you later well let's get started did you know that our lives are shaped by our habits successful habits make people thrive while bad habits make people fail knowing this can change not only your financial life but your entire life we've already recorded a complete video on the eight best habits that lead to to Prosperity according to biblical teachings still I see that almost no one talks about the bad habits that

impoverish you must be very careful with this pay close attention because I will talk about the five terrible habits harmful to your finances according to biblical principles knowing these habits you can eliminate them from your life and you and your family will be much more prosperous because of a decision you made grab pen and paper and take notes the first impoverishing habit the habit of spending everything you earn the vast majority of people spend absolutely all the money they receive this is not an opinion it is a fact proven by numerous studies a survey by

the national Confederation of shopkeepers cndl found that 67% of the American population spends everything they receive this number is alarming but some may justify the habit of spending everything due to the country low wages most people save nothing because it's impossible to save on a low income however the economic situation low wages and financial vulnerability contribute to people having the habit of spending everything they earn this leads to Poverty because those who spend everything are always living on the financial Edge it's all wrong if an unforeseen event happens what do you do think about it

you probably know people who are in good condition condition but due to a single unforeseen event unemployment medical leave a traffic accident causing High expenses everything financially unraveled to the point of a financial crisis don't be deceived one of the biblical functions of money is protection yes money serves to protect you from the unforeseen that's what the Bible says wisdom serves as a defense just as money does Ecclesiastes 7: 12 if you want a more prosperous Financial life and to stay away from poverty you need to eliminate the habit of spending everything you earn and

start saving part of your income you might be thinking I spend everything because I earn very little no no no that's not the problem a study was also conducted with people earning six figures per year and believe it or not they also spend everything they earn if you earn $11,000 today you'll find a way to spend that that ,000 if you earn $5,000 you'll also find a way to spend it all if you earn $50,000 per month believe me you'll find a way to spend it all because this habit is ingrained in you the Bible

itself said whoever is faithful with little will also be faithful with much and whoever is Unfaithful with little will also be unfaithful with much correct this habit while you still have time set aside a small amount even if it's $10 a month because in the beginning the amount is not so important but the Habit is develop this habit and later you will thank me the second impoverishing habit habit of acquiring only liabilities do you know what that is in the book Rich Dad Poor Dad by Robert kosaki we can find one of the most transformative

Concepts about personal finance this concept revolves around the definition of assets and liabilities Robert kosaki defines an asset as anything that puts money in your pocket and a liability as anything that takes money out of your pocket it's as simple as that assets put money in your pocket liabilities take money out of your pocket for example if you buy a car to show off to your neighbors that you have a new car congratulations you've just acquired a liability but if you bought a new car to do deliveries and work as a taxi driver congratulations you've

acquired an asset do you see the difference assets are things you buy that in some way put money in your pocket while liabilities are things you buy that never put money in your pocket let me ask you as an intelligent person is an iPhone an asset or a liability the answer is it depends if you bought the iPhone just because it's trendy and to appear wealthier it's a liability however if you bought the iPhone to take advantage of the quality of the camera and want to record videos for social media to monetize your content well

that would indeed be a great investment and in this case your iPhone would be an asset many people have the habit of buying only liabilities things that only take money out of their pockets such as clothes electronics cars video games TVs and so on I ask for your complete attention again the habit of buying only liabilities hides a fatal trap a trap that has been the doorway to Poverty for many think about it if you prioritize buying assets instead of liabilities meaning if you prioritize buying things that put money in your pocket the tendency is

that you will have more money over time work receive your salary buy an asset then receive money generated by that asset along with your work income and buy more Assets Now that you have more assets you receive more money from these assets and you can buy even more assets the result is a positive Snowball Effect money generating more and more money however the opposite also happens if you prioritize buying liabilities that is things that take money out of your pocket the tendency is that you will have less money over time so you work receive your

salary buy a liability this liability generates more expenses than you have to work more and by working more you buy more liabilities that end up generating more expenses and so you end up having to work even more you enter a sequence of tragic Financial pitfalls each day your expenses increase and your salary seems to slip through your fingers this path called by Robert kosaki the rat race inevitably leads to financial poverty the Bible draws our attention to reflect on the things we buy why spend money on what is not bread and your labor on what

does not satisfy listen listen to me and eat what is good and you will Delight in the richest of fair Isaiah 55:2 we need to buy liabilities to live but we must plan throughout our lives to use part of our resources to buy things that also generate more income to be direct my advice is as follows set aside part of your salary to buy assets to buy things that put money in your pocket allocate part of your money to buy rental properties stocks real estate funds set aside side part of your salary to invest in

the future all of this will keep you away from poverty and Lead You towards financial prosperity the third impoverishing habit habit of debt most people love buying on installment enjoying paying interest for each installment but there's a serious problem here and to complicate matters there has never been as much credit availability as today it has never been so easy to take out loans and financing as it is today if you need to R renovate your house buy a car or purchase a cell phone and don't have the money no problem you already have preapproved credit

available in your bank account or you can go to the bank and take out a loan deducted directly from your salary think about it a few decades ago this didn't happen if you wanted to buy a car a house or anything else you had to save money to buy it all this ease has turned us into a society extremely dependent on loans indeed this credit ease combined with the lack of financial education in our schools creates a society that believes it can only achieve things through financing and Loans today it's common to hear people saying

with resignation we can't get anything the life of the poor is this way from One financing to another perhaps you know people who believe this perhaps you know people who act like this who have the habit of debt the ACT Act of buying everything through financing and Loans perhaps you yourself are that person perhaps you've been watching a significant portion of your salary being consumed by loans for years the habit of debt leads to Poverty why because those who buy everything through debt that is everything through loans and financing always end up paying interest spending

more to get less thus this is one of the reasons why many debts are considered as the Bible says in Proverbs 22: 7 the rich rule over the poor and the borrower is slave to the lender if you take out many loans you know how enslaving they can be this biblical passage is true because those in debt spend a significant portion of their salary paying interest on their loans in fact it's very common in financing to pay even double what was necessary that's why the borrower is a slave to the lender God does doesn't want

you to be a slave to anyone as written in 1 Corinthians 7: 23 you were bought at a price do not become slaves of human beings in summary having the habit of debt is akin to having the habit of being a slave of throwing money away of wasting the money that God gave you the fourth impoverishing habit the habit of thinking only in the present what are your financial plans for 5 Years From now and for 10 years what about 20 years unfortunately few have answers to these questions this happens because many have the habit

of thinking only in the short term a financial myopia where the person only sees what is near and forgets about the distant forgets about the future many make Financial plans only for the new year on New Year's Eve many say on New Year's Eve this year I will increase my salary I will start investing in stocks I will do this and that and so on don't get me wrong the habit of making New Year's plans is not wrong what's wrong is the habit of thinking only in the short term of making plans only for the

next year of just thinking in the short term it is because of this habit that many faced difficulties in retirement including many who worked their whole lives paid their taxes and had a life of dedication everything needs to be planned needs to be planted first before it can be harvested you don't build a solid business overnight you don't create a financial reserve overnight and you won't see the results of your Investments overnight as the scripture says in Ecclesiastes 3:1 to everything there is a season a time for every purpose under heaven but it doesn't stop

there there's also another side effect of the habit of thinking only in the short term thinking only in the short term makes makes us believe that we won't get very far in 5 or 10 years yes you can make plans for the next year but you can also have the habit of thinking longterm just imagine what you can achieve in 10 years you can have a successful business of your own acquire your own home Achieve Financial Independence Empires are not built overnight long-term plans need to be made need to be planted and then harvested the

fifth impoverishing habit is the habit of praying a lot and doing little learn something prayer is nothing more than praying and acting that's why it's called prayer a combination of praying and action many people pray with great faith but with little effort learn something pray and trust in God as if everything depends on him but act as if everything depends on you consider these Biblical verses is anyone among you suffering let him pray is anyone cheerful let him sing ssal arms is anyone among you sick let him call for the Elders of the church and

let them pray over him anointing him with oil in the name of the Lord and the prayer of faith will save the sick and the Lord will raise him up and if he has committed sins he will be forgiven confess your trespasses to one another and pray for one another that you may be healed the effective fervent prayer of a righteous man avails much notice is how prayer begins to unite with action when learning about Investments it's essential to learn to invest in stocks real estate funds and in government bonds if the desire is to

own a house in addition to praying it's crucial to start acting and planning begin the Journey of saving money and by doing so you can multiply it accelerating the realization of the dream of home ownership there is unimaginable power in the combination of prayer and action these are the five acts that can lead to financial poverty and not practicing them would be like praying without acting so start acting to change your habits today if you watch this video Until here then comment the secret to Prosperity is in the Bible now a video is appearing on

your screen where I talk about the eight habits to get rich according to the Bible go watch it now if you've already watched it next to this one and another video is appearing that will add a lot of value to your life big hug and success