Money Habits Poor People Have the Rich Lose

There is nothing good about being poor but, there are some habits that poor people have that are good and the rich do tend to lose.

Good poor people habits that some rich people lose are

Reusing and Recycling

Reusing or recycling something is a habit that rich people very quickly lose. They will make sure they are always on trend and shopping for new things from the best stores. Sometimes, they will have things pre-ordered before they hit the stores. A new line of clothing, phones, laptops or bigger TVs hit the market; they upgrade without hesitation.

Most people aren’t able to keep up with the ever changing trends. Poor people especially when it comes to fashion, opt instead for the occasional excursions to the thrift outlets or a trip to the mall looking for a sale. Or delay purchases due to rising costs or because they aren’t essential and have to be put on hold until are absolutely necessary.

Not re-using or recycling means the discarded stuff will likely mean stuff ends up in garbage dumps or landfills.

Having One Car

Trading in a car every time a newer version comes on the market is a habit poor people do not have and is quite frankly a fantasy and not good for the environment. For a poor person when the “Check Engine” light comes on, it is not a sign to trade in their old car for the latest version. It is a sign to find money and take the car for maintenance and not to “Up-grade”.

A poor person would love to trade-in an old car but considering the cost of the average car, even a trade-in would likely make a substantial dent in any family’s wallet. Some wealthy persons love to own an old car not as a necessity but, as a collector’s item and will drive the latest luxury one, buy one for a spouse and another for a child.

Do It Yourself

For rich people, if you don’t want to live with outdated kitchens or worn-out bathrooms you rip it out and throw it and replace it with a newer model; preferably and usually imported. Or move. Usually, to spaces ideally suited for housing students or young families and ultimately pushing real estate prices up.

For poor people when something is looking shoddy, shabby or doesn’t work well anymore, the habit is to work on it after work or over the weekend. Sometimes joined by a child or younger sibling that learns a new skill by watching and helping.

Kwachalelo

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