When your income is insufficient and in the economic system of the world where price of things keep increasing daily and if you cannot develop a culture of saving and investing then you are already moving towards poverty
Individual can be poor and also a country can be poor, if the income coming to the community is insufficient then you will term the country as a poor community.
It is very easy to say that little income results to poverty but if a man or country lack saving and investment culture, even with high income the person or the community will still dwell in poverty.
How to overcome poverty
- Develop yourself in your career: the more you grow the better your chance of getting a better job that can fetch you more money and of cause increase your level of income.
- Start a business: at every point in one's life, one will work for someone but at the same time, it is good to have in mind that you have to become the boss of your own by creating that organization or business you dreamt of. The richest man in our world are founders of one, two or more business organization, companies.
- Cut down your expenditures: self discipline is one of the key to greatness, once your income raise, alot of good that have being on your want lists start calling for your attention anytime you step into that glories shop, supermarket or other, so you need to discipline yourself and cut down your spendings so that there can be extra cash for saving.
- Constantly review and work on your budget plan: If your budget plan not constantly review regularly in such a way that it will support your financial growth, you will discover that your spending habits keep going rising.
- Read books on finance: great mind company with great people, if you want to move from poverty life to the life of riches, then rub mind with people that have touch wealth and how can you do that by reading books written by them. The more you rub mind with them the more you position yourself to living a life of wealth
- Create an organization that render help in the community: when you talk about overcoming the problem of poverty in the community at large individuals or cooperation organization must create a platform to reach out to the poor in the community beyond leaving the work to the hand of the people in political sector, individual must also raise to the occasion of reach out to the poor.
The fight against poverty is a fight that everybody engaged in daily but the people that overcome understand and work in the principles that have work for over a decade. In this my post I have mention some of the the principles that individual can engage to move from poverty to wealth.
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These are practical tips!
Hello friend, excellent advice, I think that poverty is often in the minds of people, who does not aspire to growth, has to acquire more knowledge and have a better lifestyle, is a poor mind, educating us about it is the best thing we can do to make a difference. Greetings!