The Worst Habit That Will Always Keep You Poor

You can’t build wealth until you stop doing this.

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You want to get rich?

But I know you don’t make 6 figures!

No problem.

You can still build wealth.

I have read 6 financial books they all point to 1 poor habit.

This 1 toxic habit is enough to ruin your future.

The habit of ‘Showing off’.

You will get the solution and psychology behind this killer habit in this article.

The foolish mistake that keeps most people poor

Most of the people live for likes and validation.

They buy things not for their need but to impress others.

They want to look rich instead of getting rich.

Instead of letting their money grow, they throw it on the next shiny object.

It is pure foolish!

Let’s take an example:

Two friends. Same income. Different mindset.

John = Spends ₹10,000/month to impress others.

Tony = Invests ₹10,000/month at 7.1% annual return.

Wait and see the magic:

After 5 years:

Tony has ₹7,12,000 more than John

And John?

He’s got selfies, receipts, and regrets.

It is just 5 years. Compounding works wonder in long time.

Moral: Wealth doesn’t scream—it compounds.

The solution of this killer habit:

Invest at least 20% of your income every month.

You can’t control your salary, but your spending is all on you.

The money you waste trying to impress others could be invested to build wealth and freedom.

“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.”

— Will Rogers

Why do people show off?

It has 2 reasons:

To impress and make others jealous.

Because they’re not happy with their true self.

But here’s the irony:

People don’t really care.

Everyone’s too busy with their own lives.

Studies say nearly 80% of our thoughts are self-centred.

So while you’re trying hard to impress others, they’re barely even watching.

Put your needs first.

Plan your expenses carefully because;

A pot with a hole will never be full.

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Thank you for reading.

Ko-Fi | Medium.