Are you looking to stay poor? Of course not! But sometimes, it’s helpful to know what not to do in order to achieve success. In this article, we’ll be discussing ways to stay poor and how to avoid them. A few of these were originally covered by Alex Hormozi in the video that you can see on his YouTube Channel. Subscribe to his channel if you like his content.
Charlie Munger, an American investor, believes in a process called inversion thinking. This is the idea that by focusing on what not to do, we can achieve success. So, let’s take a look at some of the most common ways people stay poor.
- Start tomorrow – If you want to stay poor, the best way to do so is to procrastinate. Don’t start working on your goals until tomorrow, and then repeat that every day.
- Read and do nothing – Reading is a great way to learn, but if you want to stay poor, read lots of books and then do nothing about what you learned.
- Take advice from poor people – If you want to be rich, take advice from successful people. Poor people may not know what they’re doing, so it’s best to learn from those who have achieved what you want.
- Pick a spouse who doesn’t support your dreams – If you compromise your dreams for someone else, you’ll only end up resenting them. Find someone who will support you in achieving your goals.
- Quit after failing once – Failure is a necessary part of success. If you want to stay poor, give up after failing just once.
- Think the world is fair – Life isn’t fair, and it’s important to act accordingly. Don’t blame your circumstances, but instead, take control of your life and work to achieve success.
- Expect the government to save you – No one is going to save you except for yourself. If you want to stay poor, rely on others to take care of you.
- Value others’ opinions over your own – You are the only person who knows what’s best for you. Don’t let others dictate your decisions.
- Avoid discomfort – Avoiding discomfort is the best way to stay in your comfort zone and never achieve your goals.
- Tolerate mediocrity – Don’t settle for mediocrity. Hold yourself to a high standard and strive to be the best.
- Make promises and break them – Your reputation is important, both with others and with yourself. Keep your promises and hold yourself accountable.
- Wait for perfect conditions – Perfect conditions will never exist. Don’t wait for them to start working towards your goals.
- Prioritize looking rich over being rich – Don’t spend money to impress others. Focus on saving and investing in your future.
- Avoid working on what matters most – Busywork won’t get you closer to your goals. Focus on the tasks that will have the greatest impact on your success.
- Do what everyone else is doing – To be successful, you need to be willing to take risks and do things differently from others.
- Do your best, not what it takes – Your best may not always be enough. You need to push yourself to become better and exceed expectations.
- Talk about working more than actually doing it – Talking about your work won’t get it done. Take action and start working towards your goals.
- Start something new but never finish it – Starting something new is easy, but finishing it takes dedication and hard work.
- Believe what others think about you more than what you think about yourself – Don’t let others’ opinions of you hold you back from achieving success.
- Repeat the same mistakes – Learn from your mistakes and avoid repeating them.
- Be replaceable – Don’t settle for a job that anyone can do. Work to develop skills and knowledge that make you irreplaceable.
- Stop doing what works – Finding something that works is great, but stopping doing it is a surefire way to stay poor. Keep doing what works and find ways to improve upon it.
- Assume you’re always right – Successful people are always eager to learn from others. Be open to new ideas and perspectives.
- Spend more than you make – If you want to stay poor, spend more than you earn. Instead, live below your means and save for the future.
- Avoid discomfort – Success requires stepping outside of your comfort zone. Embrace discomfort and use it as a tool for growth.
- Don’t set goals – Without clear goals, you’ll never know what you’re working towards. Set specific, measurable goals and track your progress.
- Surround yourself with negative people – Negative people will only bring you down. Surround yourself with positive, supportive individuals who will lift you up.
- Don’t learn from your mistakes – Mistakes are a part of the learning process. Embrace them, learn from them, and use them to improve.
So, those are the ways to stay poor. But how do you avoid these pitfalls and achieve success? By using inversion thinking, you can reverse these points and create a roadmap for success.
Instead of starting tomorrow, start today. Instead of avoiding discomfort, embrace it. Instead of valuing others’ opinions over your own, trust yourself. By taking the opposite approach to these points, you can set yourself on a path to success.
Understanding what not to do is just as important as knowing what to do. By avoiding these ways to stay poor and using inversion thinking to create a roadmap for success, you can achieve your goals and live the life you’ve always wanted.