How to Get Out Of Poverty

Poverty is a real problem in this country. One many of Americans face today and in our economy it is no surprise. I am by no means promising anything, but I have witnessed many people use the advice I am going to give with success.

Most of us that are in poverty are usually given this as a birth right. Our parents were poor and their parents were poor. In my childhood I and my family had to save up just to be poor.

The first thing I will say is this special note: We in poverty and specifically those of us that fit into a minority class need to stop blaming others. We need to stop making others responsible for our situations. Even if someone else is at fault, at the end of the day it is your name on your credit score, it is your name on your driver’s license, and it is you who is responsible for you.

The first step in getting out of poverty is education. I know this is something that is always said, but it is true. With all the jobs that don't require college degrees being sent overseas; education is the key to unlocking the door to financial gains. Even if you cannot afford college there are all kinds of scholarships and grants. Then if that doesn't work take out a loan. The only kind of debt that is worth having is debt that earned you a degree. Stay in school until you earn that degree and DO NOT get the mindset of "how it will help you now" rather think "how this WILL help me later."

Second, invest the money you do earn. Make your money work for you. If you see somebody with a gold chain (a real gold chain) buy it off of them, and then sell it to a credible Cash-4-Gold place you will make a profit. The price of gold is high. It has a lot to do with our money, criminals, and counterfeiting; since our money is based on gold, but that's a different story. Buy stocks and mutual funds. Buy stock in beer, cigarette, and gas companies. Twice in our economy when we have experienced a depression/recession those are the only fields that have experienced continued success. When you do make purchases buy things that someday you will be able to sell at the same price. Cars, unless they are classic do not come into the equation. Houses are a good choice. Even clothes can be given to the Goodwill and written off on your taxes.

Getting out of poverty is a journey and none of this will get anyone rich, but it will get you making the right decisions. Think ten years down the road with every decision and use good judgment and get more people out of poverty. Last but not least take responsibility for yourself. If you are in a bad situation, change your situation and that's real talk people.