Did you know that poor people are not defined by their level of education, intelligence, or even their background? Poor people are defined by their poor habits.
Rich people, on the other hand, are also defined by their rich habits. Successful people do not necessarily have any superior education or intelligence; they just have a set of habits that they follow every day.
This means that whether you succeed or not is completely up to you. This is because the factors of success are at your disposal. It is all about avoiding poor habits in your life.
After studying successful people for a long time, I realized that none of them have any of these poor habits.
Poor habits that hinder success
Here are the 19 poor habits you should avoid if you need success.
1. Longing for the weekend
Many poor people live for the weekend. They are constantly longing for it. This is because they hate working and love entertainment.
Successful people long for Monday. They know that Monday is another opportunity to put their dreams into action. This is the complete opposite of poor people. For poor people, Monday is their worst day.
If you will become successful in your area, you have to stop living for the weekend; start longing for Monday. This shows that you love your job. Loving what you do is a strong factor in success.
2. Too much social media
People spend 58 minutes on average on Facebook alone. This is a wasted hour. They just scroll down, reading memes, liking, and commenting on irrelevant posts.
They will then switch to Instagram, Twitter, LinkedIn, and many others. After that, they will watch entertainment videos on YouTube.
In essence, people waste around 3 hours on social media entertainment every day.
Successful people are on social media for business. Many of them do not even manage their accounts. This is how much they value their time. They would rather hire someone to do it that send time on social media.
If you want to get massive success, you have to limit the amount of time you spend on social media. Have a social media goal and keep to it always.
3. Too much television
On average, people watch 2 programs on television every day. The average time of a TV program is 45 minutes. It means that people waste at least 1.5 hours on TV alone daily.
If you add to the time people spend watching movies on Netflix, around 3-4 hours is wasted on the screens.
Successful people hate television. They rarely watch it. This is because TV is meant for entertainment and not education. This is against the priorities of successful people.
This is a common poor habit. Poor people love to gamble. This is because they love quick success. They want to succeed without much effort.
In gambling, although the stakes are high, the probability of success is around 0.0001. Poor people would rather gamble than put the effort that guarantees success.
The get-rich-quick mentality is never in successful people. They are ready to give anything and put in the years to succeed.
True success takes time. As we all know, easy come easy go.
Slow success builds character while quick success builds ego. Success and ego cannot dwell in the same block. This is why people who get success quickly lose it almost as quickly.
All poor and average people overspend. Most of them spend everything they earn. Others spend more than they earn. This means they borrow to finance spending.
When you spend more than you should, you have little or nothing to invest in. This means that you will keep losing what you earn.
Creating wealth is not largely determined by how much you earn but by how much you protect and keep. Avoid impulse buying and buying liabilities before you are financially free.
To be successful, you have to avoid the rat-race. When your income increases, do not increase your expenses. Endeavor to increase your income as you keep your expenditure constant.
6. Pleasing people
Successful people do not endeavor to please people but to serve them. Poor people, on the other hand, do not serve people, they please them.
When your goal is to please people, you will never do anything worthwhile in this life. People are never pleased with people who want to act differently. They are only pleased when you fit in.
When you start thinking differently, you attract a lot of haters. These are people who do not want to do anything with their lives. They also do not want those around them doing anything worthwhile in theirs.
Minding about what people are saying is the first step to failure. You have to develop a thick skin of doing what is in your best interest regardless of what people think or say.
Procrastination, as I always say, is the greatest thief of time. When you keep postponing activities, you lose on time which is the most critical factor of success.
In finance, there is what we call the time value of money. The time value of money is as simple as this; one thousand today is better than one thousand in the future.
One thousand today can be invested to produce more in the future. This is called the compounding effect. One thousand in the future has less purchasing power because of inflation.
Therefore, avoid postponing money-making activities because you are losing on the compounding effect of money and diminishing the purchasing power of money.
Successful people never procrastinate; they just act on whatever they feel is good for their future.
This is a common poor habit in poor people. Among all the poor habits, this one is the greatest thief of time. This is because it steals your time daily.
Successful people sleep for around 4-6 hours. Poor people sleep for between 9-12 hours daily. This is a difference of around 5 hours.
What can you accomplish in 5 hours daily? For me, I can accomplish so much. If you multiply 5 hours by 5 days, you get 25 hours. This means that poor people lose more than a whole day per week to oversleeping. This is very serious.
If you want massive success, you have to limit the amount of time you sleep. Just understand that one hour you spend oversleeping is an hour of working lost.
9. Keeping negative friends
Negative friends are like poison that kills slowly. You will never see their effect in your life immediately but you certainly see them in the long run.
Negative friends are those who are doing nothing with their lives. They cannot suggest anything important in life. They only encourage you to engage in poor habits like going for a movie night and taking alcohol.
Negative friends are those that discourage you from pushing towards your goals. They will try to show you how your goals are crazy and how you can rarely get them.
Such friends should be avoided at all costs. As people say, show me your friends and I will tell you your future.
If you hang out with 4 millionaires, you will certainly be the 5th. If you hang out with 4 broke people, you will certainly be the 5th.
Mind the friends you keep because they have a big influence on your present and future life.
This is what successful people do. For this, people call them proud. It is not pride, it is wisdom. They know that they cannot allow everyone into their inner circle because they will affect their output in life.
10. Marrying the wrong person
When you marry the wrong person, you are finished. There are no two ways about it. This is one of the worst mistakes you can make in life.
The wrong spouse will meet a successful person and leave them as peasants. The right spouse will meet a poor person and make them millionaires over time.
Marry a person who thinks as you do. They have to be people who have shown commitment and support to your dreams. Their financial habits should be prudent.
11. Too much alcohol
You cannot be an alcoholic and be successful at the same time. An alcoholic is one who is sick of a disease we call alcoholism. It means that this person cannot survive without alcohol.
An alcoholic’s only desire is alcohol. This is what they long for all day long. This means that they do not have time to long for their dreams.
According to the law of attraction, you cannot get what you do not long for. You only get what occupies your mind most of the time. This is why an alcoholic can’t get massively successful.
If you look at all successful people, none of them is an alcoholic. They have the discipline to avoid alcohol or take it in limited amounts.
12. Not investing
This is one of the worst poor habits. If you fail to invest, you fail to increase financially. Poor people rarely invest, they only earn.
There are three financial obligations; earning, spending, and investing. You have to do the three prudently to get success.
13. Working in a job you hate
Most poor people are victims of this. They hate their jobs and yet, they still show up the following morning. This drains their energy and makes them bitter in life.
If your boss is mistreating you or you do not feel that the job you are in right now is fit for you, just take the honorable step of resigning. You have to leave that job before it leaves you depressed and drained.
There is no honor in holding on to a job just because of the paycheck. Life is more than money.
14. Not starting a business
All massively successful people are business people. Look at Jeff Bezos, Bill Gates, Jack Ma, Mark Zuckerberg, Oprah Winfrey, Donald Trump, and the rest of the richest people in the world. All of these are business people.
Poor people make a mistake of never founding businesses. They only love working in someone else’s business. This is why they remain poor.
As I always say, the greatest enemy of human beings is not death but ignorance. Ignorance is the lack of desire to get knowledge.
Successful people love knowledge. They know that what they know becomes the bridge to where they are going.
Poor people, on the other hand, hate reading. They think that reading should only be done by students. They think they know enough in life to get success.
If you will get massive success, you have to get massive knowledge. This is the source of all high-growth ideas in life.
16. Giving excuses
Successful people never give excuses. They take responsibility for their lives at all times.
Poor people, because they do not want to take responsibility for their lives find it easy to blame everyone else. They blame their parents, the economy, their circumstances, etc.
This keeps them poor all their lives. Stop making excuses and take responsibility for fixing the mess. Even if it was someone else’s fault, it is your responsibility to fix it as long as it affects your life.
As T.D. Jakes says I have never seen a rich gossiper. All gossipers are as poor as a church mouse.
Gossipers only mind the business of other people. This is why they do not have time to mind their own business. If you are only concerned about what is happening in other people’s lives, you will never be concerned about what is happening in yours.
18. Being shy
Successful people never lack confidence. They are never shy before people.
Being shy is a product of a lack of self-confidence. Lack of self-confidence is a product of a lack of self-worth.
Success entails having the courage to address people confidently. This is the only way they will give you what you need in life.
19. Hating risks
High risk will always bring high returns. Low risk brings low returns.
If you hate risk, you hate success. This is because all success is risky.
As someone said, the greatest risk you take in life is not taking risks. Since life is generally risky, you cannot avoid taking the risk. It is either you are taking risks to poverty or success. Choose the latter.
Final words on poor habits
These are the 19 poor habits that hinder success:
- Longing for the weekend
- Too much social media
- Too much TV
- Pleasing people
- Keeping negative friends
- Marrying the wrong person
- Too much alcohol
- Not investing
- Working in a job you hate
- Not starting a business
- Giving excuses
- Being shy
- Hating risks
If you can avoid these 19 poor habits, you can transform your life in a few months.