BROKE MAN’S MENTALITY: WHY PEOPLE COMING FROM POOR COMMUNITIES STAY POOR

Image result for poor communities

“How do you know, if you don’t know?”


urban economics

When you look at the landscape of the United States and the way the economics is broken down, you can’t help but to acknowledge the poverty of America. We have so much wealth and yet it’s in the hands of very few people in this country. But there are the success stories of people who come from poverty into prosperity. And they tend to live out their lives in prosperity.

But why do so many people make money and go back into poverty. Or better yet, why don’t most make it out of poverty?

the know

As a man who comes from the poverty level, I can tell you first hand that it’s a lot harder than just a bootstrap viewpoint. There are many parts to making it out of poverty. You have to be in the right schools, good home life, an innate ability to get things done, and a little bit of luck never hurt. All of these parts added up is what must happen to remove yourself from poverty.

But you have to also acknowledge another aspect of poverty. And that is that people who are poor tend to handle money in a very irresponsible manner as well.

living the life

I remember one day walking down the street here in New York City, and seeing two guys make an expensive purchase of a good from a high end retail store. But then they walked into a housing project. And it had me thinking, why are you spending thousands of dollars on clothes and living in public housing. And it has to do with not knowing how to utilize your dollars.

How do you spend a thousand dollars on a pair of shoes on Madison Avenue (NYC’s Rodeo Drive), and your living arrangements are poor. I have also seen luxury vehicles in parking lots of housing projects, yet Toyota, Dodge, Ford, and Nissan in the posh Upper East Side. It’s that being poor is tough enough, so people overcompensate so they don’t have to look poor.

But what it does is take you down an even darker road into debt.

poverty level

The below chart is of the breakdown for what is a household poverty income in 2018. The chart can be found on the Needy Meds website.

remove yourself

How do you keep yourself from being the person in the group of poor thinkers. Because when I get paid from work the first thought in my mind is paying bills. Some people think I need to go shopping at a retail store for goods. And there lies a portion of the problem, the mindset. Most people don’t think they have a mind for poverty, but they do. being born into wealth helps, but a mindset for building helps a lot. Problem is, everyone is not intuitive people.


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FINANCIALLY IRRESPONSIBLE: WHY WHAT WE SPEND OUR MONEY ON SAY ABOUT US

Brown Leather Wallet Using Blue Steel Clap

“Control your spending, don’t let spending control you.”


People and their financial problems is a constant conversation. And the question is how can people survive if they are spending more than they have. It’s simple, it’s called live within your means. Why are you spending so much money, assuming that it’s going to keep coming. And that assumption gets people into a lot of trouble when they finally do need the money. They assume it will keep coming, it stops, and they panic. And that’s when they start to think of all the bad purchases they made. It sinks into their head they have made so many bad decisions, but by that point it’s far too late. So what are some bad purchases?

For starters, a vehicle may not be a necessary purchase for some people. If you live in a metropolitan city, or close to one, it may in your best interest to utilize public transportation. Buying a car may be in the best interest for you. And if you do decide to go ahead and buy that car, please make sure you can afford the Grey Mercedes Benz Steering Wheelcar. Far too many people buy cars that they cannot afford. Now you have a monthly payment on a car that is too high to own. You make $45,000 per year and drive a car that cost $60,000. Why are you driving a car that cost more than you make. What does this say about a person? These type of people need validation from other people.

So when you need validation based on your car, you live outside of your means. Another purchase that is exposing is the amount of money people spend on clothes and accessories. These purchases people make by going into a store because they assume they’ll get a check in two weeks. They thinkadult, bags, brick wall to themselves, “I have enough for rent, utilities, food, and transportation,
not to mention all my personals I already have at home.” So they go to the store and buy clothing. This may be a big mistake because you shouldn’t buy items because you have covered the cost of bills. You buy an item when you need something, or truly want something. But so many people are these impulse buyers. They create a need for something, buy it, and regret it later on.

Impulse people are scary with money because they usually buy because that new feeling is such a good feeling. It doesn’t even matter if it’s a t-shirt on sale for $10, they buy it. Just the good feeling of buying something new and
carrying that bag up the street. It’s almost as if they have this feeling of adult, beautiful, elegantaccomplishment by buying something new. But that feeling quickly wears off in a day or so. Then, they are out, scouting stores and looking for that next purchase. And these impulse people mirror the lives of drug addicts. And coincidentally enough, these are people with bad shopping habits.

And addiction says more about the person as well. They are not only seeking validation, but there is a void in the person’s life. Yet shopping for you is not the only problem. When you’re spending is now on other people that can be just as problematic. We might indulge on the people around us as well. And of course, they’re not going to say much. What family member Black Calculator Near Ballpoint Pen on White Printed Paperof friend will say slow down. They’re just on for the ride, not thinking about tomorrow either. And why not, it’s not like it’s their money being spent. In the end, having our finances out of balance have long term consequences. It can effect our ability to buy homes or even later, assists our kids with furthering their education. So get your finances under control before you’re controlled by your finances.


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THE NOW: WHY DON’T SOME RECOGNIZE THE GRIND

adventure, cold, mountain

“Put the work in, and you’ll understand how you get there.”


No matter who it is, whether in the public eye or some average man or woman, dealing with the downsides of success is real. And when I say the downsides, I am referring to the people who try to make you feel some sort of penalty because you’ve made something of yourself. The people who see what you do as trivial. Something that can be easily accomplished with just a few quick steps. But what they don’t know is that you’ve been cultivating your craft in whatever you’ve been doing for quite some time. Toiling for years while everyone else was living their lives. So was it about your come up that make some express disdain?

One of the reasons is that it further magnifies how much they have wasted their own lives. If you start working toward your goals at age 21 or 22, and become very financially set by the age of 30/31, they can’t understand. They stand on the side trying to piece together what it was that set you over the top. Almost like it was this one thing you did that made you pop in your career. Notice I said started at age 22 and now you’re 30, 31, or even 32 years action, active, activityof age. All that time in between was the struggle years. The years that while others were enjoying their youth in their twenties, you were working. And now they see you, and it sets in how much time they’ve spent just sitting around. Now it’s hard to get in the game because you now know what could have been if you just buckled down initially.

But see, there’s more, there’s more that goes into people not being able to understand the grind. Another reason has to do with the cognitive abilities of the person pursuing their goals. The average person’s IQ is around 110, so some have a hard time believing we have these people with a 150, 160, or Midsection of Man Holding Hands over White Backgroundeven 200 IQ. And that biological factor is ingrained in some people where their brain processes information differently. They are able to wrap their minds around mathematics, science, sociology, business, and any other facet of productivity in society. And explaining the way their brains work is tough because how do you really explain why your mind understands what it does. No one can wrap their mind around their mind. It’s that certain aspects of life make sense to them and they run with it.

Which leads me into my next reason why some people can’t recognize the grind. The idea of trying and failing is something that eludes them. I myself am a person that is able to take my failure in stride and move on to create better things. Some sit on the side and say what you shouldn’t do, but they’re only projecting their feelings on to you. They’re telling you don’t do it, take it from someone whose been down the road. But what they’re actually saying is it didn’t work for me and I’m smarter than you. So I know it won’t work for you. Your ability to do something further they can’t makes them feel mundane and unaccomplished. Your potential success makes them feel bitter from not achieving their own goals out of life.

In the end, as with the people who respect your come up there will be the ones downing your come up. Instead of taking the blueprint and using it as a basic template to build something for themselves, they find any reason to say how it won’t work. And you can’t get through to these people because achievement, adventure, bravethey are looking for someone to subscribe to their bullshit. But why would I subscribe to your ideology if it’s gotten you nowhere. So I say to all successful people or those embarking on your journey keep working. Like Denzel Washington stated in a speech he gave at the NAACP Image Awards. “Keeping moving, keep growing, keep learning: see you at work.”


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POVERTY IS MIND NOT JUST MONEY

When I was a child I use to think that poverty was the lack of income a household was able to bring in relative the number of people in a household. It wasn’t until I was an adult until I realized that poverty is more of a mind frame than the money in your pocket. Being raised in a single parent household, I initially didn’t realize I was impoverished. We always had food in the refrigerator, a roof over our heads, and clothes on my sisters and I backs. Before I go into the mind frame of a person, I will allow you to understand my background. Like I said, a mother who raised three children with less than $24,000 income plus a little child support. This qualified us by way of the government as an impoverished family. She made less money necessary to raise a family in the state of Wisconsin. Rent was about $450 – $500, not including utilities, plus food and putting clothes on our backs, she was broke a lot of times. How does the mind frame come into play if all I am focusing on is money?

Well, growing up in my mother’s house we would go grocery shopping. Once we returned home and unloaded the groceries into the refrigerator, she went to the phonebook. She took the phone and contacted the Chinese restaurant and some nights we agreed on pizza or sit down dining. How about that, food in the fridge and eating at a restaurant. Something seemed wrong with that picture once I became an adult. Why would someone order food at a restaurant and spend $30, $40, $50, or $60, when they have food in the fridge? Not only that, living already in poverty, why spend more money in such a useless manner? My mother was raised impoverished herself, and raised her kids the only way she knew how. The problem with doing what you know, is that fiscal responsibility must be more than just what I think I know. Like I said, poverty is a mind frame as well. She went to the grocery store at least once every two weeks. We could have saved an extra $1,000 a year in the household by not doing spending with food in the fridge.

Another way in which she would spend, is taking us to the clothing stores with child support. That in itself could have been cut down by shopping at less expensive stores. My mother wanted us to have a better life than herself so she overcompensated by spending unnecessary money we didn’t have. There is nothing wrong with wanting more for your children, but as time went on, I looked back and realized why this was a problem. In an impoverished community, yet you have new shoes on your feet. The utilities are due, but let’s make arrangements on bills to buy clothes. What this does is negatively effects your credit, thus making it harder to overcome your current economic situation. Had my mother have known by way of being taught about money, we could have had our own home. She could have been a home owner by cutting back on clothes for us as well as restaurant food with groceries at home. So I reiterate, poverty can be a mind frame and not just money.

With all that has been said, people all over the nation make these same mistakes. I live in Harlem, New York, and there are huge lines outside sneaker stores. People are living in a poverty, some homeless, but everyone has the latest technology and clothing. Now as an adult, I look at how I was raised and my current neighborhood, and think to myself. If I were to give everyone in this community $100,000; who would be broke by the end of the year and who would be doing fine. If you were to give $100,000 to a poor family right before Black Friday, I winder how much would go toward their bills versus Christmas gifts. Another move would be who would quit their jobs with a little more. Some people might stop working if you gave them $1 million. One million dollars is not enough to stop working for life, but to a poor person they might think they’re rich. This is why, for instance, the lottery effect exists so much among athletes. They make a substantial amount of money young, and die poor. These athletes don’t understand the value of a dollar, how to properly spend their dollar, nor do they know how their own money work. So, someone else watches their income at the same time they’re spending money. When you have never had money it’s hard to make money, and even harder to keep it when you get it; never knowing what it was like to have it.

In my opinion, the longer you take to build your wealth, the more likely you are to keep your money. You start to be more cognitive about the money you spend. You slowly come out of the poverty mind frame and become fiscally responsible. The problem is that you start to see the mistakes of those around you. They may not fully grasp the concept of fiscal spending or don’t care. These are people you slowly start to lose and at times distance yourselves from because of this mindset. They are the live for today and not tomorrow people. Eventually it manifests itself in the way they live their lives and look at themselves. So in my opinion, spend wisely like there is a tomorrow even if tomorrow never happens.