- Falling for get rich quick schemes – lotteries, network marketing schemes, pyramids.
- Ignorance of the biblical covenant of prosperity.
God has said you will be rich. Believe it. Job 36:11, Isaiah 1:19
- Belief that there is a conspiracy to keep you poor.
Realize that no one can keep you poor
- Belief that currency is hard to earn.
- Developing a fruit eater mentality and not that of a seed sower
- Believing that a good job is the source of creating prosperity.
God is the one who gives power to create wealth.
- Saving but not saving smartly.
Saving in treasury bills is a smart way to save; and not just saving when there is inflation higher than the interest rate.
Savings accounts are easy to access and easy to dispense. Don’t put your money in easy access.
- Irresponsible use of our resources.
- Withholding benevolence is a money mistake
- Cheating to get wealth is a money mistake
- Refusing to try again because of previous failure.
That you started a business that folded up doesn’t mean you’re not cut out for business.
- Downward investments instead of upward investments.
Downward investments are anything that does not increase in value – clothes, shoes, cars, furniture, and carpets.