Revealed: 10 Bad Habits That keep You Poor (Part 2)

Are your habits impoverishing you? Do you feel that you cannot escape your financial situation? Here are ten bad habits that keep you poor.

There are good and bad habits. These are ten bad lifestyle and financial habits that keep you poor.

Drug Abuse

Drug abuse, from alcoholism to illicit drugs, keeps your focus on momentary pleasure. It is all about getting your fix to forget your bad day, week, or life.

Drugs are a common way form of escapism. The most popular drugs in America are:

• Nicotine

• Alcohol

• Marijuana

• Painkillers

• Cocaine

• Heroin

• Benzodiazepine

• Stimulants

• Inhalants

• Barbiturates

Drugs can form a dark cloud over you. What you use to escape the world controls you. Whatever your drug of choice may be, it takes away your precious attention, time, and energy to reach personal and financial goals.

You could save or invest your money instead of throwing it away at an addiction.

Related - 10 Bad Habits That Keep You Poor (Part 1)

Entertainment Addiction

People have become addicted to entertainment. Entertainment, from social media to streaming services, has mastered giving users dopamine hits. Users become addicted to the dopamine.

Signs you may be addicted to entertainment if:

• Doom scrolling on social media

• Always look for the latest content from your favorite influencer

• Feed on fear from social media, news, current events, and politics

• Play video games and games on your phone

• Find that your day was lost, and you never did anything productive

You are consuming content. You are not creating it. All the entertainment you consume is attention and time you could direct to bettering yourself.

The money you spend on entertainment subscriptions could help to build an emergency fund.

Lack Of Knowledge

No one has ever taught you the basics of money management.

Financial education is the key to moving from being poor to the middle class and becoming wealthy.