Ala Carte menu to get out of poverty

This content isn’t 100% original, I read it somewhere or watched it somewhere, I can’t remember. But I would like to share this with my readers even though it’s not original, why not, the concepts are pretty good.

I have included my own interpretation.

You don’t need all 6 but you will need a combination. But will you become a millionaire by doing all these? No guarantee, but these will definitely send you out of poverty.

Pioneering

Among all 6 routes, this is the most difficult and this journey is filled with hard knocks. Everything in life shares a common trait; it involves a pattern of movement. Until such time, such event unfold to change the pattern, it will continue to move in that certain pattern. Like the stock market, whether it’s a bull or bear market for the big trend, unless a correction occurs, the stock will continue to move accordingly to its trend. The change as defined in Elliott Wave theory is known as the corrective wave which will change its preceding pattern. 

Example: You are in the third generation of the family, and none in that line of family is wealthy or everyone in that lineage is poor. You are in queue No.3 in this line; you are here because no one in this line has done anything different to change the fortune of the family.

There must be a pioneer in this lineage to create wealth and break off this dreadful sequence. To create something out of nothing is the most difficult. As mentioned many times, in my previous posts, I have mentioned: they are the rags to riches you know. The few fortunate ones. To break off is not easy and most don’t.

You need ideas, business acumen, network and a huge risk appetite

If you can’t do that, you can only hope that your offspring will do that someday. But fret not, this is not the only way out, though the ideal way, there 5 more routes below for you. You will need a combination of a few and not dependant on just one way.

Helper

Someone who will lend you a hand when you fell. Do you know anyone who will do that for you? I guarantee no 100% of the people you know will do that for you. Do you have 10 names you can rely on?  The ideal scenario is when you have some really influential friends around. A lot of things in life require money including getting out of a bad situation. Things will be different if you know 10 poor men; they can’t help much only to give you moral support. And don’t get me wrong, you are not going to make friends because they are rich, but what I mean is that it will good if you have a few of such friends.

The ideal helper is not necessary a friend, he can be anyone like an associate or former colleague and former boss.

Here’s a list of ideal helpers for your reference:

1. Bosses/Ex-bosses
2. Colleagues/Ex-colleagues
3. Ex-girlfriends/boyfriends
4. Government officials
5. Good friends (preferably more well off than you are, you are penniless, you get it?)
6. HR manager/personnel
7. Middle management
8. Top management
9. Centre of influence (someone with a big network of associates)
10. Professionals

You are bound to know some of these people, be sincere and make friends with them. You need knowledgeable, influential, street-wise, positive, hardworking and ambitious people around you. You will be motivated to do better for yourself and most importantly they are more likely to have the means to lend you a hand when you need it. You are not insincere because you choose your friends this way; put yourself in the wrong company or environment and your life will be wasted.

Wisdom

Priceless and often neglected, intelligence seems more desirable over wisdom. It’s a misconception that intelligence is essential for making money while wisdom isn’t. When Buffett says “Be greedy when others are fearful and fearful when others are greedy”, it is not intelligence but wisdom.

And you don’t need to grow old to attain wisdom. Here’s a shortcut:

Write down your goals and what you want to do in the future. And for a moment, imagine you are a 70 year old man, forget who you are now. “Look back” at what you have written, will this 70 year old man do the same thing over again if you were given the chance to redo everything.

Wisdom amongst these 6 routes is vague compared to the other options, it is not easy to picture what wisdom can do to get out of poverty. Another way is to seek advice from the seniors, mentors or those have done it. Benefit from their experiences and add those to your list of options.

Don’t aim for the sky, be realistic and take a step-by-step approach. Everything happens in sequence, you can’t skip and cut corners.

Short cut is usually the longest journey.

Do not:

1. Do something out of your competence.
2. Believe in short cuts to make money.
3. Believe in fast money schemes.
4. Believe in free lunch.
5. Think that you have to be unscrupulous to make money.

Wisdom is bliss and not everyone has it; if this is out of your reach, use other combinations.

Ambition 

Don’t let adversities control your destiny. No matter how unfavourable your environment is, ambition will gets you out of it. Set a goal or a mission, pen your mission statement, your ambition will be the driving force behind you, one day you will be out of poverty. The stronger your desire the faster you get moving.

You must be believe that you are better than others and being in your current situation is only temporary, you didn’t ask to be here and you are definitely not here because of your incapability. 

I believe that this is unlike the rags to riches I have mentioned only a few lucky ones make it but ambition will definitely turn your life around and it’s not about luck. Even if you can’t achieve 100% of what you want you may end up with only 80% which is still better than where you were. That 80% may provide for your life with what you have never dreamt of.

Spend most of your time developing your competitiveness.

Decide early what you want, how much you want to earn per month and which skills you will need to achieve it. Aim to be a professional and nothing else.

Mentality

This in my opinion is the most important. A positive attitude to everything. Positive about your own capabilities. If you think you can’t find a way out of poverty, be positive.  There will always be a way out but if you are not positive enough you wouldn’t notice its existence.

You have to believe that you deserve more and you can have more.

And during the way out of poverty, difficulties and obstructions are inevitable, without a positive attitude there’s no way you can cope with them.

The positive attitude thing has been written by umpteen times by many authors, I don’t want to repeat the same thing again so I shall stop here.

Righteousness 

The worst thing that could happen to a poor man is the lack of righteousness. I am not suggesting that you should become someone’s hero. Does that make you rich? No. That will not help you make a penny more. But, crime arises because of poverty – the lack of money.  What’s worrying is that poverty may force a poor man into desperation and commit crimes to make his livelihood. This will throw him into a bottomless pit and most of the time he will not get out of it.

Stay righteous and keep your integrity, keep yourself safe from the long arms of law. This will determine whether the above 5 routes will fall in place or out of reach. I must conclude that this is the basis.