Stephen Akintayo

The Poverty Antidote: Core reasons you are still poor

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The phenomenal subject of poverty is one that cannot be escaped. No matter how we try to shy away from this subject, it will always find a way to suffice because it is a daily experience of many. Has a beggar ever approached you for money before? Or have you ever been in a terrible state of finance? If so, have you ever asked yourself why it seems like poverty is now the order of the day? Let us look at some reasons people are poor.

The first is your mindset and immediate surrounding. When I was growing up, poor people called me poor. Everything I saw around me preached poverty. I used to think that was how the whole world was until I read the book by Robert Kiyosaki, Rich Dad, Poor Dad. This book changed my way of thinking. I, therefore, made a conscious decision that I would never allow my immediate environment to limit my wealth.

Secondly, friends. You must have heard; show me your friend and I’ll tell you who you are. I would rather say; show me your friends, and I’ll tell you your financial state. As they say, if you hang around five millionaires, you’ll be the sixth one. Likewise, if you hang around five poor people, you become the sixth one. Your association becomes your destination.

Furthermore, having an entitlement mentality and playing the victim card. Many young people are in this category. They blame everything and everyone except themselves. They blame the government, their families, dollar price, their lecturers, and the harsh economic environment. Due to these excuses, they fail to do what is necessary to achieve success despite all odds and this leads them, ultimately, to poverty.

In addition, ego and the fear of failure have kept lots of individuals in their financial mess. Many are presented with countless opportunities daily but they lack the humility needed to sit and learn from others. 

Even with their poor financial state, they will still look at a rich person with scorn, rather than ask questions and learn the ropes that lead to riches. While others, although humble, are too scared to take risks. Instead of asking themselves, what if I succeed, they ask, what if I fail? And this has kept many in the dungeon of poverty.

Finally, the bondage of earning a salary. Statistics carried out in 2019 showed that over 40.1% of the Nigerian population is poor. And over 35% of this percentage are employed. This is heartbreaking because how can one have a job and still be poor? This clearly reveals that having a job doesn’t alienate poverty, rather, it encourages it.

This is why I encourage that you empower yourself and sharpen your skills so as to have multiple streams of income. This is the only way to be financially free. Now that you know why people are poor, do away with those things and correct them. My next post will talk about 5 things you need to do to become rich. Stay tuned.

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