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It is a common misconception that poverty stems solely from a lack of money. In reality, the causes of poverty are multifaceted and complex. Many people find that their poverty is exacerbated by poor mental health and decision-making behaviors. For instance, individuals with addiction issues often find themselves worse off financially once they come into money, as they may revert to old habits of substance abuse.
This stark reality highlights the importance of having a solid financial plan and a clear vision for one's life. Without direction, individuals may fall prey to short-sighted desires rather than long-term goals.