Learning From Poverty
I am sure that you have heard the saying before:
Your Network = Your Networth
The saying basically suggests that the total of your top 10 friends annual salary when combined and averaged is most likely your income potential. Many Personal Development experts would suggest that if you want to increase your income potential then you need to change the people that you hang around with.
Now I am not totally convinced by this, as some of the greatest learnings I have received in life have come from people who are broke. In fact I think that there is a lot that can be learned from people who live on or below the poverty line.
For example 98.5% of loans made by Micro Financing Company KIVA are repaid and not redrawn. KIVA generally makes loans to people who live below the poverty line.
35% of people who repay their loans in developed nations redraw their loans to top up their credit cards and never actually pay their debts.
So with that said, who in this case would appear to be the best person to learn about debt management from?
What I want you to do today is to take some time to think about people who live below the poverty line.
- What Do They Value?
- What Is Important To Them?
- How Do They Survive?
Now I want you to compare the answers to those questions with your own personal answers and ask yourself, what is really important to me?
Finally before I sign off, make sure you buy a coffee at Gloria Jeans this weekend as for each coffee sold the are donating $0.50 to Opportunity International!