You shouldnt be ashamed of belonging to a poor family; you shouldnt waste energy thinking about what others think about you. Instead the key to changing your life is to look at the reasons why youre poor and then find ways to become rich. I was born in a very poor family, my father worked all his life and ruined his health and consequently my mother preached that money was the root of all evil, this was not the best of starts but fortunately I am beginning to turn things round.
The viscous cycle of poverty can creep up on anyone and ignorance is something that you should be wary of. The reason I wrote this article other than to make money was to bring to everyones attention four habits that caused my familys finances to go downhill, if you can relate to these habits and start becoming aware and then change the way you think you will have a chance to turn things around.
Wrong: Money is the Root of All Evil
Right: Money Helps Your Family and Others
From an early age I got the impression that money was dirty and was the reason for most of the problems in the world, I thought of money as being the root of all evil without even analyzing my perceptions and paradigm.
After becoming confused and frustrated with being poor I started to analyse my paradigms and came to the conclusion that money can be used to do good, it can be used to help people and it can offer a better standard and quality of life.
I reprogrammed my brain by continually repeating to myself that money is not everything but it is very important and gives the opportunity to have security and independence and gives you the opportunity to help others in need.
Wrong: Ambition is the Root of all evil!
Right: Ambition Helps People to Achieve and Then Help Others
As a youngster I did not have much but I was really grateful with what I did have. Because most of my friends had the latest computer games I wanted to same but I knew my family could not afford it, instead I always thought about making more money. Whenever we spoke about money or making money we were chastised immediately.
We felt guilty bringing an idea to make money on the table and consequently our drive, ambition and need to succeed were suppressed. I managed to get out of this habit by continually reminding myself that its not a sin to be ambitious, as long as youre not greedy and help others then ambition can be a great thing. If Im ambitious and I manage to accumulate a million dollars then imaging how many people I can help with my money!
Wrong: We Dont Talk About Money, Its Vulgar!
Right: We Want to Learn More about Money
As a family we were prohibited from talking about money, it was banned. The only times we spoke about money was when we needed to buy something or pay a bill.
Our combined financial literacy and financial IQ was non-existent and consequently we did not progress at all. It was hard to see others being successful while we were being held back unbeknownst how detrimental it was to our future and family.
I finally broke out of this habit with my own family; we promote a culture of speaking freely about money in moderation. We dont want our children to become obsessed with money but they need to learn how important it is after religion.
Wrong: We Dont Mix With Financially Successful People!
Right: We Could Learn so Much from the Rich and Wealthy
As a family we did not network much outside of our religious circles, religion became very important to me and it was religion than opened my eyes to the fact that we can learn from successful rich wealthy people about how to manage money and help others less fortunate.
There is no sin in mixing with successful people, they are not snobs, they like to keep themselves surrounded with like minded people and we can learn so much from them. After realizing this I started networking with personal finance bloggers and other successful people so I can learn, increase my wealth and help the less fortunate.
Break the Cycle of Poverty
Its hard to break the cycle of poverty especially when its ingrained in your brain and feels like its set in stone. The good news is that it can be done, if youre sick and tired of being rich then this is the impetus required to break out of the gravitational pull of poverty so that you can explore life being rich and wealthy.
I have personally made sweeping changes to how we do things; we have a library full of personal development and personal finance books, we play monopoly with our kids and we talk about money and how important it is. All these habits will lay the foundation of successful financial futures for everyone for every generation to come. Break the cycle! Start a Legacy, Your grandchildren will love you for it.