15 Steps to Force Your Way Out of Poverty

Hello Alexers and welcome back to a special multi-part series we will be doing on the financial journey of going from rags to riches. Don't skip this introduction. This will be an honest conversation focused on the fundamentals, the things you need. You need to do the right thing, otherwise you will be trapped in generational

poverty

. No one can choose where and from whom we are born, but if you do everything right, we can choose where and how we die. This premise that you can alter

your

destiny is at the core of every person who has ever gotten out of the

poverty

trap, this series will take you through the entire journey from poverty to middle class first and then to wealth.

From the beginning, this piece will focus on how to

force

your

way out of poverty. A Brookings Institute study shows the three main factors that guarantee poverty by living as a family of four once you are over 30. these are not completing a secondary education, you already know our position on education but if you are starting out in poverty, the direct path out is through traditional educational systems, you are struggling, you cannot afford to look down on school 2 .children out of wedlock early in your life, an early pregnancy can take the wind even further if the couple does not stay together 3. lack of marriage two heads and two paychecks are better than one, especially as a parent single and although the marriage part does not suit us so well on a macro scale, we believe that it makes sense to escape poverty.

It has two fundamental premises: a predictable minimum income that is enough to cover the basics and two the ability to access growth opportunities. Without these two elements one can remain trapped in a spiral of poverty. Welcome to alux.com, the place where future billionaires come to be inspired. If you are not yet subscribed, you are missing out, but enough of the theory. Here are the exact 15

steps

you should follow if you want to get out of poverty. The first step, accept that things have changed. to change it's time for you and you to talk a little, sit down and think about your life, the life your children will live and what will happen if things stay the same, contrary to what you think, most poor people become really good at living life. poor lifestyle, they find a rhythm and, although it may seem hard to believe, they become complacent, this does not mean that they like or enjoy their lifestyle, it simply means that they are in no rush to change to escape the poverty trap. must become a priority, everything related to the poor lifestyle will have to change and for most people this is their current identity and of course they are afraid of losing it, the truth is that this person needs to die, you will have than kill your current self. and become someone else you will have to sacrifice for your well-being and that of your children most likely you will need to sacrifice people who are not benefiting your growth sometimes these are your friends or even family you cannot help others unless you help yourself yourself first right now you are not in a position to help anyone so things need to change once you understand mentally and emotionally that you have no choice but to change the process finally begin step two take an honest look at your life and let go of everything You can't make real progress unless you get a clear inventory of your life in as much detail as possible.

It's not about looking good, it's about being brutally honest with yourself. Start with your finances. How much money do you earn? How much money do you earn? Do you spend every month breaking everything down into relevant topics like food, transportation, subscriptions, utilities, entertainment, clothing, family care, health, etc.? Yes, poverty is more than a money problem, but we have a feeling that money would solve many of the problems you have in your life right now, so you will have to make it a priority to solve money for yourself. Most people have no idea how much money goes where, if you've never tracked your spending, do it for 30 days, but do it in a brutally honest way.

By the time you get close to finishing your personal report, you'll be surprised at how much money you're spending that could perhaps be put to better use anyway. You need this clear image because it will allow you to move on to the next step. Step 3 Identify the bare minimum to survive This is where you are going to do some work Review the personal profile and identify the minimum you need to survive You are going to enter survival mode This means that you will allocate resources only to the most vital parts Keep the lights on keep the water and gas running and some food that is good enough to do the job and no, your Spotify or Netflix subscription is not a necessity, the speed at which you can escape poverty depends on your ability.

To live as minimalist a life as possible, I know it's going to suck, but your life sucks right now anyway, if you want it to stop sucking, you're going to have to make some tough decisions. After you identify the bare minimum to survive, you're ready. for the next step step 4 eliminate everything else for at least 6 months this is the part that people don't want to do and it is also the reason why people never escape poverty growth is the result of sacrificing the present for a better future and most people don't want to sacrifice anything, they want all the advantages without any effort or pain on their part, that's why the years go by and nothing changes, no matter how much you try to attract money into your life, send thoughts and positive sentences, one thing.

Jesus is certainly not coming to pay your rent, so be brutal with yourself, why do you really have to waste six months of relative misery to have a chance at a better life in the long run? You will get out of this situation by making the most of the resources you already have at your disposal, give yourself every advantage you can and get rid of everything that makes your journey longer and this must happen now, the longer you remain in poverty , the higher the price to leave will be. That's why some people end up in generational poverty never stop the bleeding your priority is to spend the least amount of money possible so that with the little that is left you can start to gain momentum step five get a job or increase your workload don't allow the pride to get in the way of achieving your long term goals if you don't have a job get one as much as you want to become a long term millionaire you need to focus on the next six to 12 months of your life you have to do everything you can to increase your income If you already have a job, the easiest way to earn more is to increase your workload An extra hour or two a day while living minimally will make a difference, especially if your current workplace will pay overtime, remember that everything anything over 40 hours a week will be paid 50 more if there are no opportunities to increase volume in your current workspace, use the gig economy, you are doing it yourself so your children won't have to go through the same pain than you. you're going through right now, what better reason is there to do what you need to deliver for postmates or glovo or drive for uber find a job on craigslist help small businesses in your area in any way that pays you now step six prioritize high interest immediate? debt because you are now spending less than before and, hopefully, you found a way to slightly increase your income.

It's time to address the biggest pains of your debt life. the system is set up in such a way that it takes advantage of the poor and less educated just because you throw away a credit card doesn't mean the money you owe goes with it you will never use payday loans again from this day forward look at all debts you have and see which one has the highest interest interest is that percentage in your contract that you will pay in addition to the money you borrowed, if you don't know, make it a priority to find out that almost everything you earn and that is not allocated to their survival must be allocated to pay the highest price. interest debt you carry why every day that debt is not paid you owe more and more money debt is the modern version of chains as long as you have it you will never be free step 7 save a month of essential money because you have done the analysis in step 3 .You know exactly how much money you need to survive month to month.

We know that saving money is not your strong suit, but this step is crucial. What happens if you lose your job or have a medical emergency? Without savings, you would. You have to go into more debt. More chains. Less freedom. More poverty for an even longer period of time. This is how you should think about savings. You have them to protect yourself against darker times because you know very well that it is only a matter of time until Come on, you are literally in a race to get this minimum fund ready as quickly as possible. Step 8.

Put pride aside. Take every leaflet you can get. You have no idea how many systems are in place to help you because the truth is, they suck. let everyone know about them if you can eat for free do it if your neighbor can watch your kids while you are at work do it if the city allows you to use public transportation because of your financial situation do it never too good to ride the bus or walk to the work, especially now that this money can go toward paying off the bad debt you've gotten yourself into or go toward your savings fund, use food stamps, don't buy a ps5 with a stimulus check find programs in your area designed to help one of the least used resources that exist there are libraries you know that those buildings that libraries never enter are extremely interesting and if they were invented today the subscription would cost a fortune at this stage it is about progress leave your pride to one side keep your head down and keep moving forward always remember the long term game you are playing step 9 identify sustainable opportunities to increase your income in step 5 you

force

d yourself to increase your workload although this does the job for short periods of time It will take a toll on you if your last focus was on increasing the number of hours per workday you can monetize.

Now is the time to increase your hourly wage. There are two ways to achieve this. This is done: A promotion within the organization you work for. currently or two, a higher paying job in a different organization. The key word here is sustainable, which means that once you make the change, you can safely predict that you will earn more than you currently earn. In the next 12 months this won't happen on its own, you will need to use the little time left in your day to look for other employment opportunities. Leverage the good work you're doing to build trust with your potential employers.

Be honest. Let them know. If you are disciplined and hard-working and will be willing to make the change for a specific salary, it's easy to scoff at an extra five dollars an hour, but if you're currently making fifteen dollars an hour, an extra five dollars would mean you've just increased your work income by 33 percent, some promotions will require you to take on more responsibilities or quickly develop a new skill set and since this is what will get you out of the hole, say yes to every opportunity and figure it out as you go, this is your priority in life you need additional income step 10 start building good credit in the words of jay-z you know what is more important than spending money on strip club credit the reason the system has you pinned down and locked in poverty is because Debt and credit are simply a different form of debt.

The more confident the system is that you can pay your debts, the better terms you will get. This is how you build good credit quickly. Pay your bills on time. Payment history is the most important factor that affects. Credit scores and late payments can remain on your credit report for seven years. Make it a priority to pay them on time whenever you two make more than one payment per month. The lower you keep your balance, the faster you'll build up your credit instead of paying it off. Pay it off at the end of each month Pay it every two weeks Three Apply for higher credit limits When your credit limit increases and your balance stays the same, you instantly reduce your overall credit utilization, which in turn improves your credit once it shows you money to people you are good with money constantly you are ready for the next step step 11 refinance long-term debts for better returns as long as you carry a large debt with you you will never be free everything you do should focus on getting out of poverty and Debt is the way poverty is measured in the modern world.

One of the best ways to improve your financial situation is to refinance long-term debt. If you've done everything right up to this point, you should have no problem getting better terms when you refinance. This means you can pay less per month or pay the same but get out of debt sooner than before. As of making this piece, interest rates are at an all-time low due to the economic situation, meaning this is a unique opportunity to simplywalk. At a bank, tell them about the debts you have under bad terms, show them your new good credit, and receive them with a new debt that is much less taxing on your finances.

Banks will offer these consultations free of charge. It's your business. Make sure they can offer you a better deal than your competitors. Use this competition for your personal benefit. Step 12. Save four months of essential money. At this point your life starts to feel much better, you feel in control and things are starting to get better for you. , this is where people often screw it up and fall back into old habits. Others will see that you are doing a little better and will immediately try to drag you back to where you started. Sorry family, I can't afford to give anyone money right now. won't become your most common word it's easy to identify money vacuums people or services that just want your money keep your head down and move on you don't need a better phone, as long as yours keeps working, even if the screen is broken on this one stage, you don't need to be cool, you know what's really cool, not being poor for the rest of your life because you wanted to impress some people who don't.

You even care about yourself, don't let anything sabotage your mission, be a purposeful person, it worked until now and that's why you finally found yourself in a position to build a track, use this position to save four months of essential money, this It's your new priority that will inevitably be ruined at some point and you need to be prepared to deal with it. If you don't, everything you've built will fall like a house of cards and send you back to the beginning you didn't get to. so far just to get this far and go back to step 13, use free resources to develop your skill set and monetize that the first half of this piece forced you to get things under control while the second half prepared you and put you in position for this right here. this is how you are going to make the leap from poverty to the middle class the market will pay you in proportion to what you can offer it you need a set of valuable skills that you can monetize fortunately you live in the best time in the world history to do this you have a library full of value at your disposal for free use the internet to learn things people will pay for you can learn how to restore old furniture you can learn how to use microsoft excel on youtube and literally double your salary learn how to manage a social media profile learn how to design graphics this is the beauty of the times we live in, anything you want to learn there is someone who has documented it all and made it available for free at this stage never pay for anything you can get for free and borrow Pay close attention to the people who want your money, as a general rule, there are no get-rich-quick schemes, there are only people who will get rich from you.

Step 14, become a contractor. From an employee This is where the leap really occurs The moment you go from being an employee to being a contractor It is the crucial point in your journey There are two main reasons why becoming a company is better than working for a company One flexibility You are not locked into a single source of income. You can serve the one who pays you the most and more than one client at a time. Two taxes and benefits. Society has decided that contractors are worth more in the market than employees, so it offers them better payment conditions. less taxes and you enjoy more freedoms the day you decide to work for yourself the market begins to treat you differently if you are decent at what you do you will earn a decent life but you come from poverty there is hunger these other people I cannot identify with this hunger it will be you competitive advantage, it will not allow you to settle for just this, it will propel you forward sooner rather than later, you will find yourself in a position to expand and that is when you will bring help to the step 15 group to find your way out of poverty for yourself You can force your way out of poverty and cross the line into the middle class, but it's all up to you to keep acting to be sure you'll have to keep moving up until you're as far as possible from the life you used to live that's where you'll need Let other people help you and in return you will help them do the same.

People provide influence. The collective is stronger than the sum of its parts. You have your strengths and your weaknesses. If this new reality you are building is going to last, you need to cover these weaknesses and others. People can do it for you if you have come out of poverty it is your responsibility to help others Do the same, but be very careful who you choose to help because some will want you to help them earn money, while others will want yours and will make it their mission take it off The snakes are in the grassy luxers.

You have to learn to do it. deal with them maybe you're lucky and some of these

steps

don't apply to you we started out poor but luckily debt wasn't a problem we just didn't have money and we had to figure out how to build from that but the fundamentals are still the same sacrifice and prioritizing the long term over the short term, which makes us wonder, for those of you who have escaped poverty, how did you escape poverty? Tell us your story in the comments so our community knows it's possible next week. We will continue this journey and break down what it takes to never be poor again, so make sure you are subscribed so you don't miss out, and for those of you who are still with us, you will receive special information. your bonus 18 of all those in poverty learn the lessons above and get out one in five people born into poverty manage to move up in society giving their children an even better opportunity for upward mobility this is something a person probably doesn't know Study conducted by Fidelity Investments found that 88 of the millionaires are self-made millionaires, meaning they grew up in a middle class or poor family.

Only 12 of the rich people alive today have inherited his fortune and their number is falling rapidly. Approximately 41 of self-made millionaires come from poor homes, according to research by Thomas C Corley, that's almost half of growing up poor, it sucks, but we know the kind of drive that was instilled in us, many of the Lessons we learned back then have paid dividends time and time again, you are living in humanity's most abundant era. History and our economy are on the brink of disruption, the middle class is shrinking and the gap between the rich and the poor is widening.

Very soon the world will be divided into halves and the poor, and this is the time to decide. which side of the divide will you find yourself on technology advanced education money and health will soon be commercialized to a degree never seen before before our world slowly becomes a pay to win game we hope you are ready alexers if you are please write the word ready in the comments section so we know you're ready for what's coming. We always value your support. Remember to subscribe to see more videos and thanks for the thumbs up.