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What is a poverty trap and how to get out of it
03.10.2024 10:20
The concept of "poverty trap" came to us from England.
It refers to a situation in life when a person no longer sees any meaning in his work because his salary is less than the unemployment benefit.
Now this concept characterizes much more. It is not the absence of money, property or real estate.
The poverty trap is the inability to manage money properly, a mistaken judgment regarding one's savings. And both a poor person and a rich businessman can fall into it.
There is an opinion that poverty can even be inherited. From this follow 4 main descriptions of poverty transmitted at the gene level.
Low-skilled labor
In this case, the family usually chooses difficult, low-paid work. People believe that this is the limit of their capabilities, and they are not capable of more. And more in this case is less difficult, but more valued work.
Unloved job
Work should feed and this is its main purpose. It is not necessary to love work. It is not so! Having driven oneself into these limits, a person slows down. No interest in work - no desire to grow - no increase in salary.
Lack of education
Additional and higher education is considered an obvious luxury, because it takes a lot of time and money. It is better to spend this time immediately looking for a job, and you can learn right on the spot.
Useless rest
If you have a little time to relax, it is better to spend it lying on the sofa. Going to the sea on vacation is far away and expensive.
These are all beliefs of poor families at the genetic level. Children unknowingly receive them from their parents, and build their lives on these mistakes, without getting out of the poverty trap.
But, of course, there is a way out of the poverty trap.
Here are some tips that can help you do this:
The attitude towards money needs to change. Life should not be limited to the goal of earning more money.
Remember, you manage your money, not it you. Learn to save not for a "rainy day", but for "bright moments". And if you can't save, at least don't spend too much.
Write down your expenses, even the most insignificant ones, and after analyzing your records, decide what you can give up or what you could do without. The habit of spending a small amount of money a day on pleasant things for yourself, your beloved self, can result in a large amount of money spent in the end.
Take a risk and finally get out of your comfort zone. Risk is not a cardinal stupid action, it is a gradual change in your usual life for the better. If your salary has not changed for the last 3 years, then it is worth talking to the management or even changing jobs. Your life is in your hands.
And stop waiting for a miracle. Stories about inheritance from a great-great-aunt are fairy tales. Not waiting, but acting is one of the main rules of life.
It's not easy and it will take a lot of time, but it is possible to get out of the poverty trap. The main thing is to enjoy life here and now and believe in a bright future.
Earlier I talked about how to resolve conflicts with your boss
