By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Next Gen Econ
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Reading: Why Poor People Stay Poor: The Brutal Habits Keeping You Broke
Share
Subscribe To Alerts
Next Gen Econ Next Gen Econ
Font ResizerAa
  • Personal Finance
  • Credit Cards
  • Loans
  • Investing
  • Business
  • Debt
  • Homes
Search
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Follow US
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.
Next Gen Econ > Debt > Why Poor People Stay Poor: The Brutal Habits Keeping You Broke
Debt

Why Poor People Stay Poor: The Brutal Habits Keeping You Broke

NGEC By NGEC Last updated: August 6, 2025 6 Min Read
SHARE

If you find value in these articles, please share them with your inner circle and encourage them to Sign Up for my Rich Habits Daily Tips/Articles. No one succeeds on their own. Thank You!
[email protected]

I love the Joe Rogan podcast because Rogan cuts through all of the noise with his straight talk and common sense logic. You can learn a lot just from listening to his podcast.

Some of the things I’ve learned from the Rogan podcast align with much of my Rich Habits research.

Here’s some of the topics he’s covered that align with my research:

1. You’re Addicted to Instant Gratification

The wealthy play the long game. My research shows 76% of millionaires dedicate at least 30 minutes daily to planning their goals, while only 7% of the poor do the same. Poor people chase instant dopamine hits—scrolling X for hours, binge-watching shows, or buying stuff they don’t need.

Sound familiar?

Every time you choose Netflix over learning a new skill or impulse-buy that shiny gadget, you’re trading your future for a fleeting high.

Joe Rogan talks about this all the time: discipline is freedom. Millionaires aren’t smarter; they’re just willing to delay gratification. Try this: swap one hour of social media for reading a book on investing. It’s not sexy, but it’s a start.

2. You Hang Out with Losers

Harsh? Maybe. But your social circle shapes your wallet. My studies found 86% of wealthy people surround themselves with success-oriented peers—mentors, entrepreneurs, or go-getters. Meanwhile, 96% of poor people stick with friends who reinforce bad habits: complaining, overspending, or dreaming without doing.

If your buddies are always broke, always negative, or always “waiting for the right moment,” they’re dragging you down. Jordan Peterson hammered this point on his Joe Rogan interview: you are the average of the five people you spend the most time with. Audit your crew. Are they pushing you to level up, or are they anchors?

3. You Think Education Ends at Graduation

The rigged system sold you a lie: get a degree, get a job, get rich. Wrong. My research shows 88% of millionaires commit to daily self-education—reading, podcasts, or courses—while only 26% of the poor did this. The wealthy don’t rely on a diploma; they’re obsessed with learning skills that pay. Rogan’s always riffing on learning new things and expanding your knowledge. He’s constantly diving into new ideas, from psychedelics to fitness. If you’re not learning something new every day, you’re falling behind. Pick up a book like Rich Habits or The Millionaire Next Door or listen to a finance podcast. Knowledge compounds faster than interest.

4. You’re Allergic to Risk

Here’s a stat that’ll wake you up: 65% of millionaires in my study took calculated risks—like starting a side hustle or investing early—while only 11% of the poor did. Poor people play it safe, clinging to dead-end jobs or avoiding the stock market because “it’s too risky.” Newsflash: staying comfortable is the biggest risk.

Rogan’s talked about this with guys like Elon Musk—wealth comes from stepping into the unknown. You don’t need to bet your life savings, but start small: invest $100 in a low-cost index fund or pitch a freelance gig. Risk builds resilience, and resilience builds wealth.

5. You’re Wasting Your Mornings

Mornings set the tone for your life. My data shows 70% of millionaires wake up at least three hours before work to exercise, plan, or learn, while only 3% of the poor do. If you’re hitting snooze until the last second, scrolling X over coffee, or rushing out the door, you’re starting your day in chaos.

Rogan’s a beast about this—he’s up early, hitting the sauna or working out, setting his mind right. Try waking up 30 minutes earlier for a week. Use that time to journal your goals or hit the gym. Small changes compound into big wins.

The Brutal Truth

Here’s the kicker: wealth isn’t about luck or privilege—it’s about habits. My research shows the rich and poor aren’t that different in intelligence or opportunity. The difference is what they do daily. The poor waste time, avoid risk, and surround themselves with negativity.

The rich? They grind, learn, and choose their circle wisely. It’s not fair, and it’s not easy to hear. But if you’re stuck, it’s not the economy or your boss—it’s you.

Don’t like that? Good. Let it piss you off enough to change. Start with one habit: cut an hour of screen time, read 10 pages of a financial book, or ditch that one friend who’s always whining or creating havoc in your life.

Wealth isn’t a mystery; it’s a choice.

Stop choosing poverty or mediocrity?

Read the full article here

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article The 15-Minute Crypto Security Checklist That Could Save Your Coins
Next Article Mortgage Rates Decline To Lowest Level In Nine Months
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow
TiktokFollow
Google NewsFollow
Most Popular
Are Your Debts Haunting You? Overcome Your Fear of Debt and Become Debt Free
October 31, 2025
Best 7 Home Warranty Companies for Seniors: How to Choose One
October 31, 2025
Your Property Tax Bill May Be Higher Than It Needs To Be. Here’s What To Do About It
October 31, 2025
Jerome Powell’s Wednesday Press Conference Shows Why He Must Step Down
October 31, 2025
An AI Boom Is Catapulting Markets And Raising Fears A Bubble Is Near
October 31, 2025
Top Social Security Tax Rising 4.8% In 2026, As Benefits Creep Up 2.8%
October 31, 2025

You Might Also Like

Debt

What Causes Poor People to Make So Many Bad Decisions?

4 Min Read
Debt

25 Clever Ways to Repurpose a Single Dollar Bill – From Magic Tricks to Science Experiments

17 Min Read
Debt

Retire at 50 with Just $2.5M? The Brutal Truth + 4 Dead-Simple Things to Make It Happen Before You’re 60

8 Min Read
Debt

Why Loud Budgeting Is the New Trend—and How Sharing Your Goals Could Save You More

5 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Next Gen Econ

Next Gen Econ is your one-stop website for the latest finance news, updates and tips, follow us for more daily updates.

Latest News

  • Small Business
  • Debt
  • Investments
  • Personal Finance

Resouce

  • Privacy Policy
  • Terms of use
  • Newsletter
  • Contact

Daily Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Get Daily Updates
Welcome Back!

Sign in to your account

Lost your password?