Have you ever wanted to stop living in poverty?
We’re here to help. Stop Living In Poverty is a nonprofit organization that provides resources and support for those who want to escape the cycle of poverty. Our goal is simple – we want people to live their best lives, no matter what their circumstances may be.
We provide education, financial literacy courses, and other programs that will give you the tools you need for success. If you have any questions or would like more information about our services, please contact us today!
You may have heard the saying “living in poverty” before, but what does it really mean? It means living without money. Living without a sense of security or stability. Living with a lack of resources to provide for basic needs like food and shelter. But there are ways to get rich even when you live in poverty!
Being a millionaire is all about saving. It’s not just about how much you make, but also what percentage of your income goes into the bank account. If you want to get rich fast and be able to afford anything in life, start by spending less than 100%.
When it comes down to getting wealthy quickly with savings versus working hard for every penny or dollar earned over time, there can only be one way out: spend less money! There are many factors that contribute towards becoming an accomplished financier such as earning more money where some may say “Work Harder” and others will advise on “spend smarter”. The formula looks like this – Spend Less Than You Earn = Wealthy Quickly.
Saving money is not easy and it takes hard work. However, if you can save 50% of your take-home pay starting at age 20 then by the time you are 37 years old, all that saving will lead to a comfortable retirement with enough savings for everyday expenses like food or utilities. If someone has begun investing in their future already they’re even closer than 7 year’s worth of saving – but no matter what stage people find themselves, everyone should be striving to make these funds last as long as possible so living well into one’s golden years isn’t out of reach!
If 75% off take-home income was saved from day 1 until retirement age would come sooner too – cutting most Americans working career down an average four days.
Let Me Tell You About Jacky…
Jacky was tired of living in poverty. She felt depressed all the time and unhappy. Her life had no meaning. Jacky wanted to get rich, but she didn’t know how to do it. She needed a breakthrough. Where would she find one? How could she get started? And what support system would help her out?
Right now she is sitting on the floor in her bedroom. Her bed, dresser, and bookshelf are all empty because she doesn’t have anything to put on or in them. The carpet is stained with old clothes that should be in the garbage, but they’re warm at night to lay under like a blanket. And so long as she sleeps here every day, no one will notice how dirty this place is. She and the kids have 3 pairs of pants each and 4 shirts, her pantry is just about bare, at least they have peanut butter and jelly to eat daily huh.
She lives paycheck to paycheck, she makes $20 “too much” to qualify for food stamps or any other assistance.
So how does she get out of this? With no friends or family to help her, what is she to do?
Does this feel familiar? This is why I created this site, to be your support system, to help educate you about finances, and to show you how to get out of your current situation. Many people like Jacky are born into poverty so they don’t know any better and neither will they get to depend on any inheritance. I am Jacky… (well my real name is Marilyn, but I was Jacky back in the day).
Living in Poverty Is Not Forever, It Is Temporary
Are you in Brianca’s shoes right now? Bianca’s life was very different from what she imagined as a child. She had grown up in poverty and seemed destined for the same fate. She struggled for years with 2 kids in tow. She hit rock bottom at the age of 25, with 2 kids and working more than 40 hours a week. She was done and over it all. However, she grew a lot wiser than her years would have suggested. It didn’t take long for her to realize that this is not the only way of living; there could be something beyond this constant struggle and fear.
At some point, we hit a stage in life where we start realizing there are different ways to do things. But we must commit to ourselves and do it in order to get the results we want and need. Living in poverty is temporary, yes even if you were born into it. It is up to you to make that decision when you no longer want to be in poverty.
I am not saying it is easy to get out but it can be done. Once you get a taste of what it is like to be just over the poverty line, it will make you want to get to the next threshold.
Getting out of poverty is about hard work, commitment, dedication, and temporary sacrifices.
Steps to Get Out of Poverty
- Be honest with yourself
- Commit to your expectations
- Dedicate your actions to your expectations
- Create a realistic budget that you know you can stick to
- Set a time frame to get out of debt
- Change your mindset, think like rich people do
- Change your relationship status with money
- Become financially literate
6 Reasons Why You’re Not Rich
Born in Poverty: Generational poverty is the biggest reason why someone is not rich. You grow up with a whole different way of living and how things are. You can break that cycle today!
Not Earning Enough: Get a job where the pay will be higher and work hard at it.
You’re a Big Spender: You spend just about every single penny you have. Look for ways to save money on everyday expenses like gas, food, clothes, entertainment, etc…
Not Saving: You are not saving any money from each paycheck.
Not Paying Yourself First: Put your savings into a separate account so that if there’s ever an emergency in life it’s already available without having to worry about withdrawing from the main budget which has been depleted by making too many withdrawals. Even 5% every paycheck will add up to a good amount at the end of the year.
The Basics of Personal Finance: Personal finance is the umbrella term for all aspects of dealing with your money. It includes bank accounts, insurance policies, retirement plans, and taxes. Personal finance also focuses on investments that can help you grow and maintain a healthy net worth such as mutual funds or stocks in start-ups like Uber!
Personal finance is about meeting personal financial goals. It all depends on your income, expenses, living requirements, and individual needs—and coming up with a plan to fulfill those desires within the constraints of one’s budget.
To make the most of what you have available in terms of time and money it’s important to become financially literate so that you can identify good advice from bad advice when making smart decisions for yourself or loved ones who depend on your expertise as they near retirement age or need assistance saving their child’s college fund after already paying off student loans themselves during some leaner years while working through school.”
How to get rich from side hustles:
- Figure out what you’re good at and then do that
- Get a side hustle – it doesn’t matter what it is, just find something to make some money
- Don’t spend more than you make
- Start saving for retirement now even if it’s only $5-$10 per month
- Simplify your life by getting rid of things you don’t need or use anymore
- Make friends with people who are well-off and see how they live their lives
- Sell your old clothes on eBay or FB Marketplace.
- Start a side hustle to earn extra money
- Make sure you have an emergency fund in case of emergencies and life throws you for a loop
- Donate your time and skills to worthy causes, like volunteering at the local animal shelter or helping out with the neighborhood garden
- Keep track of all your spending so that you can budget more effectively
Happiness is Key
Happiness is the key to a better life. Car and purse upgrades may make you happy in the short term, but they will never compare with deep joys found from friendships, family ties, or spiritual enlightenment that can only be attained by living your own values every day of your existence on this Earth.
What if the people you think are losers just have a different perspective? As much as social media and television will tell you otherwise, this is the truth. You don’t need to be an outcast in society; instead of following their lead, take your own path with confidence. Millions upon millions of individuals have already changed for the better- why not follow suit? The longer one waits before changing themselves for good luck, they’ll find that it’s too late when all hope is lost in life.
Is your life in shambles? The good news is that you can save a ton of money with just a few adjustments. Start by getting rid of debt, living close to work, and moving if it’s an adventure for you – these are all easy steps that will help get your finances back on track.
By not buying cars or borrowing money for them (or bikes!), riding where possible instead of driving/using public transit, canceling cable tv services, and opting out from overpriced cell phone plans: everything adds up! Learn how being more mindful about what we spend our time doing costs us financially as well as other areas such as relationships with those around us who may feel neglected because the convenience factor takes precedence at times when people really need to take care of themselves.
The biggest reason someone is not rich maybe because they’re living in poverty. You can break that cycle today! Remember, happiness is key and it will make your life a better one when you start living by your values every day.
What to Do With Saved Money
Save and invest is the short answer. Money is a powerful tool. It can control your life, or it can liberate you from the rat race and provide independence.
Yet most people don’t have much of an idea how money works: all they know are banks that charge fees for depositing checks, help with mortgages when purchasing houses, loans to buy cars and other items on credit cards–and then take more interest out of their income every month than what’s making them rich in the first place!
And yet there are also many ways to make money work hard for us to use our retirement funds wisely by investing them in stocks such as index funds which pay quarterly dividends instead of waiting till we retire before getting any benefits; paying off debt like student loans through programs that will eventually pay off all the interest; and even using 401k accounts to purchase stocks, bonds, or mutual funds.
There are many ways to stop living in poverty. You may be able to live a more rich life if you get out of the mindset that what makes money is work alone. What do you think? If this sounds like something you want help with, check out our financial dictionary to start becoming finally literate to start with. It’s time we all start thinking about wealth instead of just income!