Reasons Why People Are Poor: The Hard Hitting Top 5 In 2020
Did you know it is estimated that at least 80% of the world’s population lives on less than $10 a day!? I certainly didn’t, but it certainly raises the question, “why?” There are many reasons why people are poor, and even more in today’s day and age.
While I know this topic is a bit sensitive for many, I firmly believe this is a subject overlooked far too often.
Just to clarify, this post is more relevant to people living in more advanced society, with jobs, housing, and modern society a part of their livelihood. It is less applicable to someone living in an African village in “extreme poverty“.
If you are reading this, this information may be coming to you right now, at this point in time, just so that you can change the direction of your life…
I am a strong believer that every person is limitless and has the ability to do whatever they want. I believe there are very few reasons, if any, why someone can’t be rich or financially successful in life.
Let’s get right into this shall we?
Reasons Why People Are Poor:
1. Poor Upbringing
This is the #1 reason why poverty exists, they simply weren’t bought up to be rich. They will say that their parents didn’t raise them to be rich.
Let me just clarify something though, this doesn’t apply to anyone in the world. (What!?)
That’s right, this is an excuse that the world uses 24/7, and it never makes any more sense than it did 100 years ago. People aren’t created rich or poor, they are created equal before God.
People CHOOSE to be rich or poor. People choose to fit in with societies rules, inside the box that supposedly has the right to determine whether someone has the potential or capability to achieve financial greatness in life.
Please bear in mind, this is less applicable to those who live in a far more barbaric or less industrialized society in remote areas, but if money exists or something that people use for trade or commerce exists in a society, the rich and poor exist too.
Two different classes, two different kinds of people.
2. Lazy and Comfortable
This hits home a little to hard for me personally. Laziness and being comfortable with my state, regardless of it’s actual inconvenience and lack of prospects, leads to financial disaster.
Being unwilling to take action because “I don’t want to”, probably kills more people internally than people physically. What good is living life if you never Live!?
Living life is all about risks, experiences, and personal growth! Laziness should be a flaw, not a definitive quality in my life.
I know that I battle laziness. I combat bad habits by creating new good ones, and by having accountability to help me do what I say, when I say it.
There is nothing wrong with being comfortable, unless it keeps me from growing and becoming the person I was made to be.
The reality is, there should never be a place in life that you are lazy, and if you are comfortable, it shouldn’t end your growth. There is always room to grow, to improve, to create further wealth for the next generation, more people to touch, more people to help.
3. 1 Timothy 6:10
“The love of money is the root of all evil”
That’s right, people quote the Bible when they try to justify their financial habits, or lack of them for that matter.
Let’s get something straight for the record, in any modern translation, “money” is not the root of all evil, “The Love of Money” is the root of all evil.
People need to stop worrying about the external and focus on the internal. Regardless what I believe in my spiritual life, I choose what my life will look life, and I am the one who allows things like money to change me or control me.
Please know that I don’t mean to offend anyone, I sincerely hope my intention is clear. I am only stating what people say when asked why they are poor or doing bad financially. I comment only that which is true. 🙂
4. Emotionally Compromised
People are often not prepared to handle success, emotionally. They succeed or fail financially, and they fall apart. Unfortunately, this is also an excuse that we use.
There is no excuse for being poor because it is still a choice. It’s not something out of my control. If I’m not able to cope with the stress and responsibility of financial growth, then I need to do whatever it takes to overcome my inability!
Am I the only one who has noticed an increase in people who are supposedly “grown-up” but haven’t met “grown-up” responsibility well?
They have an industrial age work ideology, they don’t know anything about money management, you might as well be speaking a foreign language when you mention financial freedom, and they make tons of excuses!
Now, it wouldn’t be fair to say that I don’t make excuses, or that I know everything there is about money management or financial freedom, however, there is a big difference between someone who is actively growing, and someone who thinks they “already know that”.
Emotionally compromised just means, “I might start crying or literally die if I don’t make it financially”.
Don’t be fooled, this may be the 5th one on the list, but it is one of the most common excuses why my fellow Americans say they aren’t financially literate.
Firstly, if you are reading this and you are a parent, I sincerely hope that you have passed down financial knowledge of the rich to your kids.
If you haven’t, you are setting them up for disaster. You are wrapping them in a straight jacket telling them to swing on the monkey bars.
It isn’t going to happen, and they are going to find it extremely difficult to become financially successful without the right tools.
Poverty Is A Tragedy!
I know I am stepping on some toes here, and you might be saying “Jacob, why are you putting down people who don’t know what you know!?” Because when I am financially free, they are going to ask me how I got there!
They are going to wonder why they are miserable with their lives, and why I am so happy. They are going to wonder why no one told them what they were doing wrong or what they needed to do.
Do you want to be elderly working as a Walmart greeter when you should be on a cruise? Those people should be reaping the rewards of their labor, instead they are working at Walmart because they didn’t take the time to change the direction of their life. It is a tragedy!!!
My Reasons For Success
They will look at me and ask why they haven’t achieved the same level of success. You know what I’m going to say? “I became financially free because of the following:”
- I never stopped moving forward. Passivity was a word to describe a chess move, not my lifestyle.
- Success teachers, financial experts and the learning bunch are my idols.
- I managed my money well. Sure, I wasn’t perfect, but I decided young that I was going to treat every dollar like a soldier on a campaign to bring back even more wealth.
- Creating RESULTS in my life and not EXCUSES has been key.
- I was accountable to others who helped me stay the course towards financial freedom.
- I’ve never stopped learning, even after I graduated from school.
- I had a clear understanding of what it meant to be rich, and I never accepted that, “The rich are greedy”.
- Because failure is a life lesson, I embraced it! I’ve learned early on that I have never failed, only experienced pricier and pricier life lessons. 😀
- I was brought up Middle-Class, but chose a rich mentality daily!
- I worked on every area of my life every year little by little by hiring Life Makeover Coaches.
You know what the difference between my reasons and most other people’s reasons are today? Mine are reasons why I have succeeded, theirs are reasons why they failed.
Success Is A Choice Just Like Poverty
In summary, success is a choice. Marriage is a choice. Reading is a choice. Playing video games is a choice. Getting dressed in the morning is a choice. Learning financial information is a choice. Being willing to fail is a choice. Accepting responsibility is a choice.
Looking back, I make excuses in life because I don’t want to make a choice. I’m given a choice to do the right thing or the wrong thing. Funny thing is, the wrong thing is often less work.
But even doing nothing is still a choice!
I have reviewed some great books that are sure to help you overcome financial problems and achieve success in life. Be sure to check those out, Here.
If you have any questions, let me know and I will answer them asap! My email is below and you can leave your questions in the comments below.