In this article Dani shares from her own personal experiences, what it takes to break off a poverty mindset and how to get rid of habits that keep you from financial success in your life! Make this your year to start developing a healthy foundation for financial prosperity. Now more than ever it’s important to get a hold of these key principles and set yourself up for dynamic financial change that is long lasting!
Below are 6 quick tips to help you identify what a poverty mindset looks like and how to break it once and for all, ensuring that it doesn’t destroy you and your family!
1. Your Environment Is Everything!
I grew up on welfare with parents who continuously ran out of money 4-7 days before the next set of food stamps came. I also watched them use the money for drugs which is why they never had money for anything other than basic food and shelter. There was also a lot of abuse: violent fights & screaming. No peace. No security. We would often eat ‘wonder bread’ and marjoram with garlic salt on top and that was dinner. Growing up in that environment ABSOLUTELY shapes one’s mind about money and life. I would hear from my parents that “we can’t afford this and can’t afford that”, as if there was no other way to get money other than welfare. There was no budgeting to help make the money last the full 2 weeks. They would get their check and blow it on junk food, alcohol, drugs etc. Then act like victims for the rest of the days while waiting for the next check or shall I say, the next binge. Change your environment, and you change your financial future.
2. Don’t Speak The Language Of Poverty!
There are things that can impact our financial mindset as an adult, both good and bad. Let’s start with the bad, it is the most common. When you as a child see the patterns of adult spending habits, it clearly teaches you how to spend. Out of fourteen thousand hours of school we all had from kindergarten to grade twelve, how many hours were spent on teaching you and me financial wisdom? A BIG FAT ZERO!!! So where did you learn your financial habits? Other adults: primarily your parents. We spend the way they spend. We value what they value. We carry their views on most things. So if your parents spent foolishly, their actions taught you to spend foolishly. If your parents spent wisely, you would gravitate towards wisdom in finances. If your parents were really wise they would have explained why they spend the way they do and how to by-pass financial failures through proper money management. I grew up hearing a language of poverty that sounds like this: “we can’t afford it”, “we don’t have the money”, “that’s for the rich people not for us”. All of those statements are victimized, poverty statements. Change your language, and you change your financial future.
3. Eliminate Unhealthy Financial Traditions!
I am living proof that the unhealthy traditions that ARE passed down from one generation to the next CAN AND WILL be broken, if you are serious about BREAKING THEM! I went from welfare to multi-millionaire.
- First, it starts with making a decision. So do you like where you are at financially? Are you tired of the excuses of being broke? Tired of the pressure of debt? Do you not want to live the way you were taught and are you ready for a serious change? If so, then make a decision today to do whatever it takes to take action towards financial independence.
- Second, you MUST learn some new skills to replace the poor skills you may have learned from those around you.
- Third, realize that repetition is the mother of skill. Through repetition you have learned poor financial skills and through repetition you will learn great financial skills. Be careful who you learn from. If you want to become financially independent you should learn from someone who is, not someone who looks like they have a lot of money. Most people that “look” like they have a lot of money, often, do not. Most people are far from reaching their goal of financial independence.
Change your traditions, and you change your financial future.
4. Understand The Power Of Repetition!
We are all products of our environments. We learned how to walk, talk, and eat from those around us. Everything we know how to do we learned, or at the very least we were influenced by those around us. We typically do what we see others do, even if it’s not good. Have you ever said ‘I will never be like…’, or have you ever sworn not to say and do things that your parents said and did, only to find yourself doing and saying the same things? Well there you go! History is repeating itself, again! Decisions made without establishing new skills will lead to failure of the decisions becoming a reality. Change your habits, and you change your financial future.
5. A Solid Financial Foundation Starts Early!
Your children are always listening and watching, whether you realize it or not. They see everything and they learn so much faster than we as adults do. Groom them for Success instead of unintentionally grooming them for failure. If your kids are going to succeed it is going to have to come from you. Do you want them to suffer financially in the future? Do you want them to have the same struggles you have had? Or do you want them to have the best shot at success? Grooming the Next Generation for Success will help you teach kids to succeed now and in the future. When they learn while young, success becomes a part of their very fiber instead of hoping they will succeed they will be groomed to succeed! Help someone else succeed, and you change your financial future.
6. Take Action!
If you are reading this right now, know that you have been chosen for those negative traditions to NOT pass through you. It’s out of ignorance that we fail. I love this quote by Solomon, the richest man who ever lived, “A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.” Don’t be stupid!! If I could learn how to become financially independent then so can you. If thousands of my clients could experience financial success, then so can you. Do not let this be another article you have just ‘read’. Take action today. Start learning the difference between wise and foolish spending. Learn how to create assets instead of liabilities.
There Are 3 Key Skills Concerning Money.
- How to make it (most know how to do this) – see Unlimited Success for more help in this area.
- How to keep it (very few today know how to do that) – see War On Debt for more help in this area.
- How to make it your slave instead of you being a slave to it (even fewer know how to do that) – see First Steps To Success for more help in this area.
Money is always looking for a place to go. If you do not direct it yourself towards something wise (that’s NOT another pair of black shoes or more toys and tools), money gets SUCKED UP into thin air. Poof it’s gone. The time is NOW for all of us to step up to the plate, leave our bad financial failures and habits behind and hit a home run into our kid’s futures. I’m in, what about you?
Take action right now, and you change your financial future – forever.
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When I first started in business I had a lot of desire and I really wanted to be successful and I stayed at a plateau. I couldn’t get over the plateau that I was stuck on so I came to Dani and its only been 6 months but within the first 45 days I was able to make $42‚000 more than I would have.
Dear Dani
Thanks for your emails I love receiving them also I have purchased War on debt which is great. Would you be able to send me some items for the charity I support so I can run a raffle i.e some good books or something other. My son Brandon is 5 and has Downs Syndrome and we support the Bedfordshire Downs Syndrome Support Group. Many thanks
Please Email me about some very encouraging news about Downs Syndrome!
Jane,
Did you get the help you were looking for? I have encouraging news for you.
Walter Stodghill
480-807-0008
Check out GiGi’s Playhouse. They are a support center for Down Syndrome kids. They are popping up everywhere because of their success and popularity. Have a blessed day.
Thank you Dani
I love what you said “We value what parents value”
I grew up in the family where money was either abundant or very little. Growing up in Russia in 80s and early 90s was challenging due to economy. Nobody was educating even our parents about how to manage money. Money was big tabu word and it was spent very fast because of fear of losing value.
These habits came later in my life and I had to learn about money and not fear of money.
I agree we must change language…Speak with gratitude and abundance attitude.
I will be sending to my subscribers today!
Thank you
Tatyana
You are so right! My 6 yr old asked me this morning if my boss ever paid me! I said, yes every 2 wks and he said, then why don’t you have any money!! I then proceeded to list the things that my paycheck goes to, but the point is he’s learning that mom doesn’t have any money even though I work everyday (rather than be with him). How sad.
Thanks for your words of wisdom!!
Janet,
I can really relate. I find myself in the same boat as you and my boys are 18, 11 and 10 and I want so much more for them then what I have. I want more for me too. I’m glad you posted.
Thank you Deni for your e-mails… it’s very helpful…
question:
1 – Haw we change our enviroment????
love,
vilma
THANK YOU!!! I NEEDED this reminder. Breaking the poverty mindset is a battle that I MUST win.
Thank you, Dani, for all that you do.
The trouble I have is that most people I interview seem to be braindead….they don’t understand English when I speak to them…this is a genuine concern
Oh well…
Thanks for this article Dani and team though.
God bless
Hey thank-you for this e-mail,when i recieved it i was just
sitting at my desk thinking & writting down a list of dumb things i did in 09 that heald me back from working my business,& vowed not to repeat.
reading your six keys opned up that much more to think about
thank’s guy’s…it’s funny as if you “saw” me there trying to
think of something eles to write..wow!!
Hey thank’s again & GOD BLESS
Thank you very much for sending regular reminders and emails. Thank you Dani for sharing your experiences and knowledge. My kids are grown up, I wish I had the opportunity to read Grooming the Next Generation to Success when they were growing up. Although, they are responsible kids, I feel I could have done a better job raising them. I used to work 7 days a week while raising them at the same time. God is really good. He will give us time to recover lost time. Network Marketing is really the answer to have time and freedom to enjoy life. Praise God for Dani Johnson website. God bless you all, your family and employees.
I’ve read this two times and will probably read it again. It’s good meat I need to chew on.
I’m looking forward to attending First Steps to Success in Jacksonville, Fl March 13-14.
Thank you very much for allowing God to use you to help so many people.
God Bless You!
Thank you, Dani, for your insight. I know that God would love for us to be out of debt so that we could help further His Kingdom. I have wanted to be debt-free for years and was almost there until I married again.
Any words of wisdom on how to handle a financial situation where one spouse thinks being out of debt is best and the other thinks that credit cards, and lots of them, are the way to go? We don’t tithe even though hubby says we “should” but he won’t handle the bills. I see some improvement but it’s more of a two steps forward, one step back situation.
Thank you!
I like this newsletter. We definitely pass on our habits to our kids. I have a little 7 month old and I still think they start learning from this age, he pick up things very well. This year is my goal to watch my environment and the things I do because that definitely affect your money. I always liked your information you have, it has helped me a lot!!
Thanks for your email. Much as I wanted to attend the seminars you offered, couldn’t do so as finances is my biggest challenge. Maybe if I will have the chance to work in America. God bless your ministry….
AMAZING content as ALWAYS, keep it coming, and for sure what you teach is always simple, keep it coming Dani & Hans
I can’t wait for your event in London!!!!
Like Dani, I have my very own testimony. What we think has everything to do with who we are & where we are. We must pay attention to life, our life. Check our my website & help with the immediate national crisis.
God bless you all…www.outfoxthefox.org
Yeah this is so true Dani everybody needs to have their minds set free from the bondage of poverty and think of their future in becoming financially independent, to have more so we could give more..
I appreciate the practical tips found in this article.
Dani gave 6 principles, which can be applied irregardless of one’s background, education, ethnicity, or religion.
It’s always wonderful and encouraging hearing your story with money and how you’ve changed your life.
Thanks for the inspiration!
I loved this article and could relate to it. I grew up in a household where the words, can’t afford it, robbed Peter to pay Paul and I wished I had enough money. Since then, I have learned through the Word of God, that there is power in the words we speak and will help create an environment of lack and insufficency. Also mismanagement of money sets up one for failure as well. Thanks you for this article!
I’m always thankful when I find I have managed to change in some points…will keep working on it and great to have a push to motivation and stock-taking again.
Thanks to you, Dani and your team for all your efforts to get us on our feet.
Nanette
Refreshing advice to focus our minds.It is easy to get stuck in a mindset and to be blinkered about issues.
Very interesting! I like how this article weeds the lazy ones out by forcing the reader to read other items for specific answers. On my team, I want no one but individuals who are willing to work. Everything else can be taught or given to you. But, if you refuse to work, there is blessed little I or any of my leaders can do to help you.
Great article, I can certainly relate to it.
I decided a long time ago to teach my children that anything is possible.
Thanks for doing what you do.
Jerome Ratliff
Thanks Dani for showing us that there are other ways of looking at and dealing with different situations.
May God Bless you
Thatha
Great reading for Everyone. Thanks for sharing.
Great reading for Everyone! Thanks for sharing.
Thank you Dani. Your words are always inspirational to me. I have learned alot from everything I read that you send. You remind me that ” I Can”
Thank you. This is great, practical information. Easy to understand and use.
Thank you Dani! Very enlightening and informative. Definitely something that is a must to share with everyone.
The first point on our environment shaping our mindset spoke to me as one of eleven children. I don’t ever remember feeling poor, but I do recall that we were constantly very
careful not to be wasteful. I suppose that could probably work either way, positively or negatively, in forming a
child’s mindset, depending on their personality. I sometimes feel like I am ‘too careful’. Ruth
Six Quick Tips.
I thought these tips were very inspiring and i am taking action starting immediately.
Very well stated, Thanks so much for all of the tips and keys concerning money keeping skills and releasing to help someone else.
I received miracles from God by meditating on His word and standing on His Word refusing every thought contrary to His Word. God bless you all!
Very interresting artical. It has made me stop and think about how I have started out my adult life and that of my children. I had oppertunities that I let slip through my fingers and now regret.
Thank you,
Catherine