If you listen to experts and political scientists, they will tell you that poverty is a very complex social problem with many moving parts or factors such as:
Exploitation by the rich
The rich use the poor and middle classes to their advantage. They do this, first of all, by supporting politicians, who, in turn, promote policies that benefit the rich at the expense of the poor.
Unfair taxation
The rich are able to maintain and develop their wealth through tax laws that are beneficial to the rich. Tax laws protecting the rich hinder the normal redistribution of money, leading to income inequality between rich and poor.
Poor education
Inadequate funding for public schools means that the poor and middle classes receive subsidiary education, which puts them at a disadvantage in society.
Clan capitalism
Government and big business come together for each other’s interests, and the poor become pawns in the games they play.
Discrimination
Banks and financial institutions, government and others in society discriminate against the poor and middle classes.
Lack of opportunity
In poor and medium-sized communities, there is an acute shortage of opportunities due to inadequate investments in these groups by the rich, banks, enterprises, financial institutions and the government.
All these factors certainly contribute to poverty and misery. There is no doubt about that. But none of these factors affect the main the cause of poverty, which is:
Poor people remain poor because they have learned to be poor from their parents and cannot change their habits..
What exactly do children learn from their parents who are not financially free?
1. Poor habits
Watching too much TV, YouTube, wasting time on Facebook and other social networks. Do not read every day to increase their knowledge. Costs that exceed 100% of income or, more simply, life is beyond our means. The accumulation of debts, credit cards, microloans and the like. Alcohol and excessive empty communication with friends at parties and discos. Casino Games, Betting and Lotteries.
2. Poor thoughts and emotions
Just list them: Pessimism and doubt. Negative, hopeless, aggressive and violent thinking. Judgments that someone else is to blame for what is happening (government, politicians, officials, oligarchs, the environment). All these emotional factors vividly characterize the thinking of a poor person..
3. Poor and restrictive beliefs
It is impossible to escape from poverty. The rich are evil and greedy. Poor people can never become rich. Rich people have luck, and poor people are out of luck. Money is the root of evil. Rich people are scammers and hucksters. We are poor because it is the will of God. Poverty is not a vice.
The first mentors who teach children these things are usually parents. Poverty begins in the walls of the house, but there it should end.
What children lack, what their parents lack, and what their teachers lack, is knowledge. They do not know financial literacy, do not want to learn to save, invest and promote negative habits, they do not want to change and understand themselves.
Habits, beliefs, and thinking are subject to change. And this is really good news. And you should know which habits, thoughts and beliefs lift you to the pinnacle of success and which pull you down, but this is a completely separate topic for discussion..
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What factors contribute to the mindset of a poor person? Are there effective ways to help them change their thinking patterns and improve their financial situation?
Several factors contribute to the mindset of a poor person. Limited access to education, lack of economic opportunities, and societal inequalities can shape their thinking patterns. Moreover, feelings of hopelessness, low self-esteem, and a fear of taking risks can further hinder their ability to improve their financial situation. To help them change their mindset, effective strategies include providing education and skill-building programs, offering mentoring and guidance, and creating opportunities for economic empowerment. Encouraging financial literacy, fostering a mindset of resilience and self-belief, and addressing systemic issues can also play a crucial role in helping them break free from the cycle of poverty. Ultimately, it requires a comprehensive and multifaceted approach to empower individuals and create a supportive environment for their long-term financial stability.