Okay so I am not in the classroom although my response might be similar. Don’t be stupid! Just because your parents were successful doesn’t mean that you will be successful. Success is not a family trait although if we learn what makes our family successful we can often make history repeat itself. This is why children from rich families usually end up becoming rich themselves and commonly on their own merits. Paris Hilton for example has built an empire outside of the Hilton Hotel system owned by her father. When we see people living in poverty we often see their children also living in poverty and there are many reasons why.
Our first teachers are our parents. They teach us how to eat, walk, talk, sleep(Hopefully). They teach us how to learn, earn, and work. They also teach us our bad habits as well. Let’s look at some of these bad habits.
What makes the poor, poor?
- It’s not my fault I am poor. It’s the economy, it’s my boss, it’s the world – So commonly poor people blame everyone else for their poverty levels. I learned about 3 years ago that there is nobody to blame for all of my mistakes and downfalls but myself. I allowed the world to consume me instead of taking responsibility for my own actions, realizing I cannot change the actions of others, and realizing, more importantly, that I have to take absolute control and nobody can hold me down anymore.
- Over 80% of wealthy people believe they are responsible for their financial condition. Less than 20% of people in poverty believe they are responsible for their financial condition. Look in the mirror and ask yourself what is stopping you and can you go around it. More than likely you can find an alternative route. Stop looking down the tunnel and start breaking down the walls.
- Less than 10% of wealthy people play the lottery while nearly 80% of poor people do. Stop wasting your money folks. The lottery is a stupid investment. I use the term investment lightly because it is not an investment. Think about how much money you have spent on the lottery in your lifetime. What could you have bought with that money?
- Poor people think they need an education to be successful. The truth is you need to be educated. That doesn’t mean you need to spend between $20,000 and $150,000 to do it. The internet is full of tools that can educate you, help you learn a new skill, or help you achieve your goals. The more you read the more successful you will become. Recently I learned Chemistry to help a student out who was having difficulty because the teacher didn’t believe he can learn from online means. Having learned it myself proves that theory incorrect. Learn as much as you can about as much as you can. Make yourself necessary and important.
- I have to be lucky to have wealth. I’ve never been lucky a day in my life! Okay seriously, stop it! Luck has little to play in what you can make happen your life. If you put the work in, and stop being lazy and stop blaming the world for your troubles you will be successful. I know this first hand because I did it for a long time. I blamed everyone and everything except that man in the mirror. Secondly, if you believe you are unlucky than bad things will be drawn to you. It’s called the Law of Attraction! If you believe that luck can find you then good things will find you. Will there be hiccups along the way? Yep! Overlook those hiccups, drink some water, hold your breath, stand on your head, whatever it is you do to get rid of them!
- I never stop thinking, I might be depressed! True story. You might be! I am not a doctor but what I can tell you is that you can fix it. You see 70% of wealthy individuals are goal oriented people who write down their goals. They have a plan to reach those goals. They want to be successful and will do anything and stop at NOTHING to achieve them. Focus your thoughts on your goals, write them down, create a plan of attack and become a Cheetah chasing a Gazelle.
- I won’t make bad debt decisions! HAHA. If you are nearing the end of High School you may already be thinking about student loans, or opening that first credit card that magically appeared in your name on your 18th birthday. These are bad debt decisions because they are going to lead to debt in general. Life can be lived without debt believe it or not and your mental and physical health will thank you for it.
- I don’t need to start saving. I am only 18 years old. WHY, WHY, WHY! If we were in my classroom right now I would be screaming WHY so that they can hear me at the next nearest High School. Saving should begin when you first get money handed to you by a family member. It should be put away and saved for a rainy day. Saving should be the first priority when earning money, not spending. I was a spender. I always wanted to go out with my friends, and have a good time. I realized if I saved from the age of 18 to the age of 35 the way I save now that I would have over $700,000 in the bank instead of the pennies that are in there now! I could buy that house cash, pay for the car outright and live my life happy.
- I don’t have that much money. How do you know? Do you budget your money? What do you spend it on? Do you need cable television in this day and age. Do you need lights on in every room? Do you need to take a 50 minute shower? Do you need to drive those extra miles, or buy that extra bag of potato chips because they are 2 for 4 dollars? Evaluating your spending is key to your success and it should be evaluated just once. It should be evaluated always and often.
- Money is just a thing. It isn’t love. It means nothing to me. #1 thing people without money say. It makes you feel better for a minute doesn’t it. Money isn’t a thing! Money is very important to your overall mental and physical health. I said it for years as the mounding debt weighed me down, made me cry, left me weak, lazy and feeling useless. I felt like a horrible father and husband and just was not happy. Make money a priority in your life and make a plan to earn it. If you are living in poverty then what is your next step. Stop being afraid of change. Embrace it, choke it out, and be it!
I do not consider myself living in poverty. I do not consider myself middle-class. I believe I am in between in a new class of people. The enlightened and educated class. The class that found out the hard way and is working to improve their way of life. The class of people who finally said enough is enough, nothing is going to stop me, and if anythings gets in my way I am just going to around it, through it, or in a different direction from it. Which class are you in? Why haven’t you joined my class yet? What is your next step? Are you beginning to get enlightened? Are you beginning to wake up and see that everything I said is true, and everything I wish for all of us is possible? History is only doomed to repeat itself if you allow it.
Thank you for visiting the financial literacy section of my page.
If you would like more information or are interested in having me come speak e-mail me at Joseph.Serviss@gmail.com or call me at 704-794-2434