What It Takes to Escape Poverty

In today’s video, we bring you the best ways backed by research that a person can escape poverty or avoid it altogether. Enjoy!

#poverty #escape #wisdom

Timestamp
(00:48) Education
(01:55) Develop Skills
(03:05) Learn to Sell
(04:08) Mind Control
(05:36) Entitlement
(06:41) Community Resources
(07:45) Get Professional
(08:42) Out with the “Poor Masses”
(09:50) In with Success

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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
- The Audible link is an affiliate link meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.

[MrSridharMurthy]

I remember paying Rs 5 to sleep in a corner on the floor of a dilapidated hotel in Bombay India as I had very little money in my pocket and couldn't afford a room and had to go for an interview the next morning properly dressed in 1976. I got the job of a refrigeration mechanic and headed to Dubai the very next month. My life changed after that. I built a career in which I progressed from Mechanic to Technician and a few years later from Supervisor to Technical Sales Representative and again a few years after that from Sales Executive to Sales Manager when I finally retired in 2015 after 38 years of working and enjoying an amazing life. Got married to a lovely Filipina. Currently, I'm retired in the Philippines! Oh! What a blast it has been! I'm proud to say I did it the hard way but it paid off.

[Zilear]

Me and my family finally escaped poverty 2 years ago. One skill I picked up from living in the slums for 7 years is good budgeting skills. I can memorize prices of a lot of things we need and my parents made me their personal accountant. So far I've been doing good helping my family with spending money and we finally have a nice house and enough money to pay the bills, groceries and even some money left over to buy luxuries for ourselves :)

[LeeyaAre]

This is how to escape poverty in the developed and western world. Some places have poverty levels that are unimaginable to US and other western world.

[melindaricard]

Financial Literacy is so important. Empowering people through education is something we definitely need. Getting out of poverty is also a mindset that a person has.

[sevillakassandracamille]

1. Education
2. Develop Skills
3. Learn to skill sell (art of selling)
4. Mind Control
5. Entitlement
6. Community Resources
7. Get Professional
8. Out with the poor masses
9. In with success

[ericaluke]

Denzel Washington once said *"TO get what you never had before you have to do what you never did before"*

[philantropy]

I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So I really appreciate your transparency and giving people a fighting chance during these troubling times.

[prophecyrevelations]

My business grew by word of mouth! I was born in poverty, now im a business owner & built an upper middle class lifestyle. Make more money than what i know wat to spend on. So I saved it & i have funds to cover years of expenses even if i dont step foot back into the work place. I have no worries about affording things. Overcoming poverty is possible with THE MIND! I did many of the things he's mentioning here! It's good advice in this video!👍

[akm]

I will have to agree 100% with this video. I remember only making 21k a year which isn't much living in NYC, I had to figure out what my calling was and it was to help people. I finally found a career that i can see myself doing for a long time that i can live off of which was massage therapy. Now i make a lil over 40k(which isn't a lot but ok for now). I plan on going to get my esthetician license next. So I would suggest find your passion first then go from there

[warrior_of_da-Tetragrammaton]

High School taught me how to read... Rich Dad Poor Dad taught me how to build a financial system and to continuously improve.

[actuallybusiness]

*When you focus on problems, you will have more problems. When you focus on possibilities you will have more opportunities!!*

[MillionaireMindsetClub]

We need to mandate financial education in middle and high schools.

[angorachic]

"To help the poor is to first of all not be one of them."

[mayaeseholiday]

One of the lessons I picked early in life was to save maximum before marriage. And by God it was one of the best one. I used to save two thirds of salary at that time. I invested the same in a diversified MF. My patience was tested in year 2017, when my portfolio was down 30%, but still I continued investing. After foreshortening, I used to save on an average 60% of my salary (crazy right!), but my first big break came in 2019 in stocks, with the help of a full service broker, I had accumulated enough money to retire! I booked profits and reinvested according to change in objectives I am living a happy and satisfied life! Thanks for the content. Keep them coming!

[tranger]

1 education (grade school, middle school, high school) at the minimum.
2 self developments
3 financial understanding
4 avoid being dependent on others including your employer.
5 secure a home.
6 secure financial freedom.

You don't need to wealthy or rich to successful.

[rorbertmark]

Hey! Nice video👍. I'm actually looking for the best way to invest and make good profits. Can someone tell me how to go about it?

[mulekickhandmadeguitars]

Years ago, back in the 70's, a co-worker friend of mine approached a guy he knew who had a wife and 5 kids, and had always lived in crushing poverty in the poorest part of our city. They barely had enough for the family of 7 to eat. My friend told the guy that our company was hiring a lot of new workers, and all he needed to do was apply. He had no real skills, but he was hired 3 days later, at a good rate of pay, with benefits. After he'd worked about 5 weeks, he failed to show up for work for 4 days in a row. Worried that something drastic may have happened to him, my friend went to his house to ask if he was okay, and why he wasn't showing up for work. The guy told him he just got tired of getting up at 6:30 every morning and working for 8 hours all day. For him, poverty was a choice he made for his wife and kids. The hard truth is, everyone in poverty has made choices that put them in poverty.

[deviousj]

For those who don't know, Poverty is very very depressing. It's scary. My Highschool Chemistry Teacher said that without education you'll be broke busted and disgusted.

[jackwalson]

Good video, But let me talk about something important, I see a lot of young and old making mistakes that I think shouldn't be. I think everyone, young or old, should have an investment plan that increases their financial return by three to six figures. The investment can be your retirement plan or your future plan, whatever you want, but what matters most is that you have a profitable investment.

[marianomedina]

as a man who make it from poverty, you provide a very accurate and practical items to get out of it. Great job!