What are the Characteristics of a Poor Mentality that Hinder Financial Stability?

[Suba]

If we often pay attention to the behavior, lifestyle and mentality of our friends, be it office friends, social friends, school friends, close relatives, etc., then we will also be able to find their mindsets on finances that are different, even though they look successful in terms of material/finance but have been trapped in a poor mentality. Those who have a poor mentality will continue to call asking for advice, especially when there is a crisis or unfavorable market turmoil which of course will interfere with our personal lives.

A poor mentality will create a mindset that affects every opportunity, risk and decision they make in business and investment,

Unfortunately they (our friends) are often unaware of the poor mentality hidden behind their lifestyle habits, If you have recognized a poor mentality and someone's mindset, then don't hesitate to comment, what are the characteristics of a poor mentality that can hinder financial stability?

 

[eLdavis]

One common trait people with poor mindset often have is that they always feel they can't do it or handle it.

 

[Stardom22]

Most individuals with the poor mentality feel that they are not able to achieve anything in life especially that deals with finances for the truth of the matter.

 

[Springtime]

People with poor mentality usually do not set any goals. They always feel pessimistic about the future and are not motivated. That would affect how they manage their finance.

 

[Trush Jodie]

People that have a poor mentality would always want to consume everything at the time. They hardly think about tomorrow.

 

[Starmix]

There are individual differences, so we cannot expect people to have the same IQ level, Those with poor mentality level inherited it from their parents which is why, it is important to know the IQ of someone you want to be for life. Your kids will inherit such misfortune. An individual with poor mentality does not suggest insanity but they cannot comprehend deep solutions of a problem. It's hard for them to capture the best for life that involves finances. They just explore their own world in the simplest way. In short, they are slow learners. They need coaching.

 

[Augusta]

This mindset believes there's never enough money, leading to hoarding, avoidance of spending on needs (even necessities), and a constant fear of losing what little is available