Friday, September 26, 2008

POVERTY vs PROSPERITY

Poverty Mindset.
According to Socrates-Nothing can learn a good man either in Life or after Death.
-Dependency Syndrome
-Ignorance
-Fear factor
-Indiscipline
-Fatalism
-Goalless existence
-Mediocre goals
-Despair
-Apathy
Note: When a poor mindset is replaced with a prosperity mindset, then the mind works towards saving. Investing and wealth creation, no matter the huddles.

- Change the attitudes, beliefs, and values i.e. be more responsible, productive, and constructive in financial issues.
- Promote integrity in wealth creation and use of proper ethics. “Be wealthy with integrity”
Causes of Poverty.
-Institutional reasons
-Environmental Reasons
-Personal reasons.
Strategies for a good Financial Goal
-Exact
-High not a mediocre
-Realistic
-Measurable
-Action Oriented
- Time bound
- Tradable in terms of costs
-Written

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