Poor Planning is The Same as
Planning to be Poor

Poor planning is the same as planning to be poor. If you say your income will be less after you retire, than you must admit that you are planning to be poor.

If you have no definite plan, the amount of your paycheck becomes your spending budget limit. It is the only limit that has been imposed on your spending habits. Being dependent on your paycheck to provide for your expenses instead of depending on a detailed plan will eventually lead a person into confrontation with his or her own financial problems.

Most people focus their energy on the wrong goals. They focus on a paycheck, a pay raise, a promotion, and saving for their retirement, but they never focus any time on improving their plan. The system we live in is designed to keep you dependent, needy, and poor. By not following a plan, you are planning to be poor.

In order to become wealthy, you need to change your mind about a few common knowledge ideas. Explore the list below to gain a better understanding of how each concept affects the control you have over your money.

• Do you work at a secure job?


• Are you working for money (earned income)?


• Do you spend most of your time at a job?


• Do you think a raise will solve some of your money problems?


• Is your budget focused on your expenses?


• Do you depend on your paycheck to cover your expenses?


• Do you rely on company benefits?


• Do you believe in seniority?


• Will your income be less when you retire?


• Are you saving for retirement?


• Do you feel investing is risky?

After reviewing this information, take another look at your own position and determine if your poor planning is going to lead you into problems. Visit our financial planning page to determine your best course of action for your current situation.

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