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10 Tips on How to End Up Broke and Poor

Ending up being broke and tight after years of wasted opportunities can be unforgiving but here are tips to help you realize the pit you may be digging for yourself to end up broke years later and a burden on society.


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Enjoy and learn through the sarcasm…

1. Make sleep a good ally…Keep stretching & turning in bed until you get too tired to continue enjoying sleep. The rich people can’t sleep because of their wealth, if you can have sound sleep, why not? If there is nothing to do, why hurry to get up?

2. Budgeting is for “stingy” people, after all money is meant to be spent. Whenever you get money, start spending it right away and when it’s finished, you try to count and recall how you spent it.

3. The “small coins” don’t mean much, spend whatever you have, who thinks of tomorrow when you have today? How can you save when you earn so little? Those telling you to save are not sympathetic to your burning needs.

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4. Hard work and small business is reserved for the “uneducated.” How can you an “intellectual” engage in petty trade or home based production? That’s for people who never went to school.

5. Starting a business requires huge capital and how can you start any business with little or no money? Don’t put in any form of investment for the future. How do they expect you to invest before you get millions?

Even though more than half the businesses in your town were started with little or no money, because you have a very big dream you can only start with millions.

6. Complain about everything except your own attitude; blame the system, the government and the banks that refuse to lend you money. They are all bad and do not want you to get rich.

7. Spend more than you earn. To achieve this, buy consumer products on credit & keep borrowing from friends & employers. In any case everybody is in debt, even the government owes!

8. Chase and compete in whatever that is trending. Make sure you get the latest clothes, smartphones, gadgets, among others. If you can get it, why not flaunt it, you got to show your swag!

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9. Even if you can’t afford it, get the latest ride in town. Forget it, who cares about maintenance and fuel? After all you can keep borrowing to keep up!

10. As for your children, attend to their every whims and wants. After all your own childhood was not so pleasant. Don’t teach them about work and it’s colleration to wealth creation. They don’t need any education on personal finances. Nobody taught you how to anyway, so they can just get by being as broke and poor as you are. They can borrow for college, auto, mortgage and other consumables.

And ooh yeah.. It is okay to blame the devil for your financial woes, pay pastors and prophets to make you rich over night, sow seeds and stay in church all day all week… Riches will find you asap!!

To remain effectively broke and tight, these are thoughts that will deny you the opportunity to make the best of your natural gifts. An automatic disqualification to save and be a great entrepreneur. Be on the other side.

SEE ALSO |  Be Significant. Create Something. Create Solutions!!!

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Credit to @Ricky Allot and @Kwame Mantey

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ARTICLES

How Entrepreneurs Can Spot Opportunities In COVID-19 Pandemic?

opportunities in covid-19

Notwithstanding the worldwide COVID-19 pandemic, entrepreneurs need to confront another reality: that it isn’t just a gigantic clean and wellbeing crisis influencing millions, or even billions, of individuals across the world. This is likewise inciting an extraordinary plunge in the worldwide economy. But there are opportunities in covid-19 crisis.

The public authority, general wellbeing and financial reactions are immensely extraordinary on the off chance that you are a business person. As business originators, you will likewise require totally different activity designs set up contingent upon your area and industry.

On the off chance that you are in web-based shopping, food conveyance, video gaming or video conferencing ventures, where the business is as of now blasting, it’s a totally unexpected picture in comparison to in the event that you are maintaining a business in the lodging, café, retail, amusement, or sports enterprises.

Those entrepreneurs in COVID affected areas should be prepared to lose half to 80% of their turnover, just as a significant part of their market esteem.

opportunities in covid-19
Spotting opportunities in covi-19

Where would entrepreneurs be able to discover opportunities in covid-19?

Opportunities in covid-19 are all over — entrepreneurs need to realize how to remember them to hold onto them.

Prior to diving into market research, ask yourself this inquiry first: “What do individuals need during a wellbeing and monetary crisis?” The main pieces of information are in the words “wellbeing” and “financial.” Then ask yourself, “What aptitudes do I have? What aptitudes do I need or need to learn?”

To begin revealing the requirements of the market, go on the web! There are such countless extraordinary instruments accessible to help check what the market needs. Yet, continue with alert. We actually don’t have an away from of what the enduring effects of the pandemic and monetary aftermath will be, yet entrepreneurs can begin little and scale as they see accomplishment in their new specialty.

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Here is a snappy rundown of where to contemplate the market to reveal opportunities in covid-19 pandemic:

  • Google Search Trends
  • News Reports
  • Economic Reports
  • Climate Reports
  • Health Reports
  • International Trade Deals
  • Emerging Global Markets
  • Technology Acceleration and Innovation
  • Local Government Resources and Grants

Seeing how organizations and governments move can serve to ensure you actually and monetarily as we as a whole explore unknown waters. Likewise, with any venture opportunity, entrepreneurs should have enough monetary assets to develop while controlling the outpourings and boosting their inflows of income to endure.

As we see today, any business that gives an answer for help keep the lives of the populace running while they stay in segregation is a demonstrated plan of action that works.

Here is a fast rundown, in no specific request, of the top items and administrations where cash is at present streaming:

  • Masks, Personal Protective Equipment, Hand Sanitizers, Temperature Devices, etc.
  • Home Essentials and Improvement
  • Hospitals, Medical Laboratories, Pharmacy
  • Home and Food Delivery Services
  • Grocery Stores, Tech/Office Product Retail
  • Blogging, Influencer and Digital Marketing
  • Online Education and Virtual Services
  • Website Design, Coding, Software as a service (SaaS)
  • Curriculum Design,Professional Writing, Editing,
  • Logistics and Transportation Companies
  • Trash Collection, Laundry Services, Landscaping
  • Hardware Stores
  • Security Services
  • Utility Services
  • Janitorial, Cleaning and Disinfecting Services
  • Pet Products and Services
  • Home Beauty
  • Entertainment and Gaming
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An opportunity to search for opportunities in covid-19 is currently. With any additional time, a business visionary can chip away at reconstructing a site, make new frameworks, converse with clients, overhaul hardware and make new item contributions. Another proposal is to exploit distant work. It is more secure, more profitable and can accompany more pay and more noteworthy way of life adaptability.

Each crisis is an opportunity

Remember that the absolute generally troublesome or fascinating organizations have been made and took off during seasons of crisis.

It is in every case great business practice to tune in to what your clients need to reveal opportunities from inside a current business. Entrepreneurs who effectively study the market will have a preferred position in taking advantage of lucky breaks in the steadily changing scene of our economy.

opportunities in covid-19
The numbers can be scary but there are opportunities in covid-19

After the COVID-19 crisis the exercises to learn are:

More restricted travel of products and individuals, eminently business explorers (more far off working and far off gatherings) because of the effect of physical removing necessities. We should factor in future clean emergencies or even new battles because of worldwide congestion.

The possible development in “dematerialization” of items and administrations: for instance, we could observer a blast in 3D printers to create covers and ventilators in every nation.

Greater readiness incorporate dynamic: for instance, we’ve seen organizations like Apple changing their activities essentially overnight to configuration, produce and boat face shields for medical specialists.

The ease item sourcing model, where China and India are the world’s producers, will be finished. Globalization too. This crisis will change the connections among nations and states: introducing new difficulties, new stakes, new perils, new dangers (wellbeing and atmosphere).

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Governments should, and will, request to be free and self-ruling concerning basic medical supplies and medicines. We can figure out how Korea, Singapore, and Taiwan have quickly contained COVID-19, however, their populaces are prepared to acknowledge individual following and facial acknowledgment innovations which are not yet worthy in different social orders (a lot of Europe for example). A world less open and, presumably, less free is not out of the ordinary.

With virus control prone to continue in numerous pieces of the globe, we’ll see without a doubt better approaches for life delivering new necessities, which will thus make new opportunities for entrepreneurs. Some new plans of action, new proposals around dematerialization, should be imagined.

In the coming years, the new lord of the world will be the “Amazon of dematerialization”. Also, it will be the entrepreneurs who will execute this new world.

Author Bio

Rahul Raghuwanshi is an SEO specialist and SEO Content Writer at Special Oilfield Services. Special Oilfield Services is one of the leading oil and gas industry maintenance and solution provider based in Oman, UAE.

We provide optimal drilling and completion, vibration monitoring and analysis, mechanical and reliability asset management, chemical solutions, and drilling and completion services along with reliability and asset integrity services, to oil and gas in all over the globe. With our latest and most advanced techniques we deliver best results to our customers. For more information visit our official website speciloilfield.com.

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