It is worthy to note that many wealthy people in our society today grew up from very poor and wretched families. One mustn’t be born with silver spoon to achieve great things in life. Though it certainly helps. Poverty didn’t some of these billionaires from reaching the pinnacle of success and it shouldn’t stop you, either.
Being poor actually endows one with certain advantages over the middle class and the wealthy. Poor people have certain traits that can help them become rich and successful. Growing up poor has the following advantages that can make you successful in life
1. You will learn to manage better
Poor people are better when it comes to management of resources. They cut down unnecessary expenses and only buy what they “need,” not what they “want.”
Frugality is a habit the poor develop at a young age because they have no choice but to be careful with spending.
The rich don’t get rich by spending every dollar they make. Even billionaire Warren Buffett is known for living frugally and always looks for ways to save money.
This habit sticks with them into adulthood and helps them hang onto what money they make rather than wasting them on luxury.
2. You tend to be more creative
When you have less, you tend to be more creative. A study that aimed to examine how a sense of abundance affects creativity conducted by Forbes revealed that abundant resources has negative effect on creativity.
When you have limited resources, you use your imagination to create what you want. You learn to be resourceful thereby making you more creative and innovative.
3. Strong desire for Change
Growing up poor can certainly be a struggle. According to Tom Corley, “Poverty can either beat you down or make you stronger.” For the self-made millionaires in his study, it made them stronger and motivated them to achieve more in life.
Their desire to become successful and rich inspired them to transform themselves. They worked hard to learn what they needed to know to succeed. Then they perfected their skills to outperform and earn more than the competition, Corley revealed.
4. The Poor have better Work Ethics
People that grow up in an environment of comfort, most times are less willing to do the hard work that success requires. People that grow up poor, on the other hand, have no choice but to work hard because nothing is being handed over to them on a platter of gold.
This right attitude to work that poor people develop can lead to success. In the words of Tom Corley, ability to combine hard work ethics with your dreams and goals leads to success.
5. The Poor Don’t Fear Failure As Much
One of the benefits of growing up poor is that you’re familiar with poverty and don’t fear it as much as someone who has grown up rich. This can embolden one to take risks to succeed in life.
6.The Poor Are Accustomed to Sacrifice
Growing up poor means you can’t afford things that people who are better off take for granted. In other words, poverty forces you to become accustomed to doing without. But this can give the poor an advantage. The pursuit of wealth always requires a lot of sacrifice. It has been revealed that one who is accustomed to sacrifice, experiences less pain in their struggle to richness.
7. The Poor Are More Willing to Take Risks
Tom Corley found in his “Rich Habits” study that 41 percent of the 177 self-made millionaires surveyed were reared in poor households. Yet, somehow they managed to break out of their poverty as adults.
One of the keys to their ability to get out of poverty was their willingness to take risks to get to the top. “Growing up poor forces you to take risks in the pursuit of wealth,” Corley said. Overcoming the fear of taking risks, therefore, becomes a habit. However, he found that once the self-made millionaires in his study had become rich, they became less comfortable with risk because they didn’t want to lose their hard-earned wealth.
8.The Poor Are More Comfortable With Setbacks
Those who grow up in families just trying to survive paycheck to paycheck are familiar with setbacks. In fact, that can be a big part of life when you’re poor.
Consequently, when things go wrong, as they often do in the pursuit of wealth, those raised in poverty don’t raise the white flag and surrender,” Corley said. Instead, they see setbacks as normal and something that can be overcomed.
Big names like Steve Jobs, Ed Sheeran, Selena Gomez, Leonardo DiCaprio, Arnold Schwarzenegger, Shahid Khan, J.K. Rowling, and Ralph Lauren all came from a humble background. Being poor didn’t stop them from chasing their dreams and pursuing success. It shouldn’t stop you too.
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