1. Holding-on to borrowed things. Some borrow things and deliberately refuse, or forget to return them. They keep the borrowed items to themselves, believing they need it more than the owner who acquired it! Be it a pencil, a book, $10 or £50 note, a borrowed item is not a gift, and as such must be returned or re-paid, as and when due. Low self-esteem is a symptom of poverty consciousness.

2. Get-rich-quick mentality. Many seek short-cuts to fame and fortune such as lottery, pools betting and casino. In the process they scorch their fingers and even fall deeper into the abyss of poverty. Expecting a financial miracle without working for it is a sure sign of poverty consciousness.

3. Love of comfort-zone. Deep within, many want to remain just where they are financially – their comfort zone! But they openly complain of not having plenty of money and the good things of life. They want the good life, but not the hard work that goes with it. This avoidance-approach conflict situation is a symptom of poverty consciousness.

4. Fear of failure. Many are risk-averse, and therefore see most opportunities as risks, and shield themselves or even run away from them! While the rich see the beautiful rose flowers among the thorns; the poor see the dangerous rose thorns among the flowers. Fear of failure is a symptom of poverty consciousness.

5. Waiting for the right time. Many remain poor because they forever wait for that perfect time to start, that never comes! And while they wait, their dreams end up with them in their graves. What a pity! NOW is the right time! Procrastination is a symptom of poverty consciousness.

6. Lack of Ideas. Even though the mantra is “If I had money!”, the fact remains that many are poor because they cannot conceive solid money-making ideas that can translate into products or services that many people want and are willing to pay for. You are truly poor only when you lack ideas! Mental laziness is a symptom of poverty consciousness.

7. Inability to Persist. Many remain poor because they lack the will power and discipline to pursue to a logical completion, any venture they start. They start one venture with great enthusiasm but easily give in to the slightest obstacle or setback; only to start another and repeat the process. Lack of the fighting spirit is a symptom of poverty consciousness.

Ways to achieve wealth there are many, we can create a multinational company, to be famous artists, athletes be successful, be world-famous authors, winning the lottery, inherit a fortune, etc.

Unfortunately most of these get-rich are complicated and, in most cases, are beyond the reach of most of us.

The following is a summary of an article in English called the Easiest way to get rich, where, indeed, the author shows what he says, the easiest way to get rich.

He shows an interesting method of how to get rich, although failed to keep to the letter; we can take as a reference to start our road to riches.

1. Getting a good paying job

The first step of this method is to get a good paying job, which may require of us a great effort and to take a few years, but is a necessary step if we have a good source of income.

2. Get good tax advice

In most cases a good portion of our revenues will go to government funding, so if we take seriously our pursuit of wealth, an important requirement is to get a good tax advisor to help us legally reduce the pay our taxes.

3. Saving 20% of what we gain

As soon as we receive our pay, we need a deposit of 20% of it in a savings account; most banks can do this automatically for us.

4. Conservatively invest the money that accumulates in a savings account

Once a month, we go to our savings account to split the money, and invest equally in the next three conservative assets: equity funds, real estate investment funds and money market funds.

5. Reinvest all income from assets

All revenues generated by the assets mentioned above, should be reinvested in the same mutual funds that generated them.

6. Never touch these funds

We must never touch those funds, we must try to ignore the news on speculation or market movements and hold strategy of investing 20% of our revenues in these assets, we must take into account that every market has ups and downs, but in the long run, all markets will almost certainly increase their value.

7. Wait a decade

If we follow the above steps in a decade we can probably say that we are rich, probably will not become a Bill Gates, but almost certainly will be within 20% that make up the wealthy, if we wait another decade, we will be in 5% or even more.

Buy spot

The first tip is to always buy in cash, never credit a few exceptions such as when we want to buy our house or invest.

Buy on credit not only enormously expensive product to permeate our personal finances, but eventually can bring big financial problems are unable to repay debts.

We must acquire the habit of buying after getting the money, not buy and then get it, if we can not buy something, simply should not buy it.

Always look for a better deal

Another tip is to get into the habit of looking and always ask for a better deal, whether a better price, a discount, better benefits or better condition.

We should not be afraid, be shy or feel less by ordering better treatment more difficult than it seems that we heed, do not lose anything by trying.

For example, do not hesitate to ask for a lower price for a house, a discount department store, a better interest rate, a reduction of our debt, etc.

Pay yourself first

Pay yourself first means to use part of our revenue from our pocket money savings before making any payment, the more urgent it is or even when it seems that then we could not meet him.

For example, if saving for our stock we have determined that we spend each month on 15% of our income, we must always comply with this payment, before paying any service tax or debt.

The pay yourself first allows us to acquire the discipline to save, and also forces us to strive for more money to deal with suppliers, government or creditors.

Automated payments

To pay us to ourselves and not be tempted to use the money before, one tip is to automate this payment, namely, ensuring that this payment is made automatically without our having to worry about it.

To do this, we can ask the company where we work to deposit part of our salary to our stock of savings in the bank, or ask the bank each month take a percentage of the money from another account that we have and are intended to be our saving bag.

They can also use automatic payments for other payments, for example, to pay the mortgage, services, investments, etc.., and thus achieve more efficient management of our money without worrying about it.

When you are evaluating different service offerings and ask, “How much does it cost me a whole year.” It is easy to see a low monthly payment savings, especially on large items, when in fact it is a terrible deal.

Cars are a good example. Paying $ 250 a month to rent a good car does not seem much but when you consider that is $ 3000 per year going into a vehicle you do not, it does not seem like a great offer especially when you consider that you can get a reliable used vehicle for $ 4,000 to $ 8,000 you can drive for several years and then sell for thousands of dollars.

Affiliate programs are another area where spending is easy to spend much money. I was looking at a health club membership this week and was about $ 80 per month per person. So for two people who come to $ 1,920 per year? Now, if you spend five or six hours per week in the gym using the equipment, swimming, tennis, etc., it can be a good deal. But many people would be better spent on a stationary bike or weight home in September.

For the evaluation programs for membership like this; I suggest looking at how much you’re paying by the hour. If you pay 80 per month for access to the gym and you go for an hour a week, you’re paying $ 20 per hour to use the gym. To me it seems a bit high. If you’re spending an hour a day, the cost is $ 2.66 per hour. To me it seems much more accessible. I’m not saying you should not go to the gym, but make sure you know how much it really cost.

Let’s look at another plan membership with popular DVD rental. DVD rental have plans to rent the DVD where sending DVDs by mail. You see them and send them back. The most popular plans cost around $ 17 a month and let you have three DVDs checked out at a time. They advertise that you can have “unlimited rentals.” Of course in practice can only watch so many movies a week and takes time to get the DVDs sent back and forth.

If someone watches two movies every week they will end up watching 8 per month. This puts the cost at $ 2.13 per movie. Where I live video rental stores have several days a week, where you can rent two for one and load is usually $ 0.99 to $ 2.50 to $ 2.13, is not that big of a deal . If you watch more movies per month, you can start being a better deal, but do not know until you look at your actual usage. What may be a good deal for someone can be a bad deal for you?

On the other hand, if you sign up for a DVD rental membership and cancel your cable subscription for $ 50 per month, you’ll be saving a significant amount of money. $ 50 per month works out to $ 600 per year. The association of DVD rentals will cost $ 204 per year, but you have to choose the movies you want to see and spend much less time watching commercials.

I’m sure you can think of many other monthly payments that may or may not be good business. Just make sure that you evaluate your spending based on the total cost over time and actual usage.

One easy way to save money is to write a check to yourself as soon as you get paid so that money is automatically taken out when you cash the check. Then add this money to another account such as savings, or anything that will not be included in your total balance. This way, you will be saving a bunch of money but since you don’t see it in your account balance, you won’t be tempted to spend it.

You can also try saving bills as a twist to the classic change savings in a jar. Try putting any small bills you get into a jar (such as fives or tens) and soon you will have saved up a lot of money without realizing it.

You can also try making a family piggy bank. Have a piggy bank set up and make a rule that each family member has to put in one dollar a day. By one year you will have enough money saved up to pay for all you Christmas presents or take a vacation.

Another easy way to save money is by collecting the money that you save from grocery shopping by using coupons, or discounts. For example, after you get the bill most grocery stores will have printed out exactly how much you saved. Instead of pocketing that money, put it into savings. Its just like shopping without the discount and still having enough money saved up to take a trip or pay off an outstanding debt!

As you can see there are many unique ways of saving money that can even seem fun. So instead of buying lunch with that ten dollar bill you just got in change, save it and take that trip you’ve been dying for.