WHAT IS GENERATIONAL POVERTY
Generational Poverty is defined as a family having lived in poverty for at least two generations. A person/family can experience Situational Poverty when their income and support is decreased due to a specific change—job loss, divorce, death, etc. What can you do about it – are you as an individual going to allow this poverty to continue for another 2 generation?
LIFE INSURANCE IS A NECESSITY; DON’T IGNORE IT.
Life insurance is a necessity for all; the most IMPORTANT asset in the house is YOU. Not the car, house or anything else is YOU!! So why don’t you take time to invest in yourself and protect the most important asset – THAT’S YOU!!!! Some say Insurance is the worst ASSET TO BUY; Wait a MINUTE – INSURANCE IS THE BEST ASSET WHEN THINGS GOES WRONG!!! REMEMBER THAT!!
THERE ARE 6 TYPES OF POVERTY
There are six main types of poverty according to Eric Jensen’s study from Teaching with Poverty in Mind (2009). He lists these six types as situational, generational, absolute, relative, urban, and rural. Then how do you define poverty? – “Poverty is hunger. Poverty is lack of shelter. This poverty definition encompasses living conditions, an inability to meet basic needs because food, clean drinking water, proper sanitation, education, health care and other social services are inaccessible.
AS POOR AS I AM – HOW DO I BUY LIFE INSURANCE?
Start by pursuing happiness; change the state of mind and change the way you are doing things today. Fine a job for a start then start saving move to be an entrepreneur. Just Manny Pac in Philippines – he work on what he does best and that’s boxing and true enough he is rich and I am sure Insurance plays an important part of him. He didn’t stop there – he started his own business (creating income generating assets) – helping others along the way.
ANOTHER CAUSE OF GENERATION POVERTY IS;
In general is the lack of livable wage for many jobs. According to research, the lack of a livable wage is one of the largest obstacles families on welfare face. Without a livable wage, earners are trapped in a day-to-day struggle. Get out of there and look for help; there are many agencies thats helps and guidance. If you seat where you are and don’t do anything; then you cannot expect miracle. Keep running each day and find a way.
As a financial adviser myself – I help people understand the importance of life Insurance and why there is an immediate need to get yourself covered – it doesn’t matter if it is term, wholelife or anything as long as it cuts the UMBILICAL CORD OF YOUR GENERATIONAL POVERTY AND I AM DETERMINE TO DO IT!!
“Success is not for Chosen Few; Success is Chosen by Few.” remember that.
START WITH A BASIC INSURANCE – TERM POLICY
This program is nothing more then keeping your family going if you are gone or caught an illness or becoming totally disabled. The Insurance company will hand over a lump-sum capital for family to move on; again if your spouse are not trained to handle the resources given to them – they will go back to poverty once again. SO REMEMBER – GET YOUR FAMILY INVOLVED WHEN BUYING LIFE INSURANCE!!!
WE AS FINANCIAL PLANNERS AND INSURANCE AGENTS ARE HERE TO HELP AND NOT TO DESTROY!!! WE ARE THE ONLY ONE WILL COME WITH A CHEQUE WHEN CALAMITY STRIKES!!!
CUT THE UMBILICAL CORD OF GENERATIONAL POVERTY TODAY – Ashok.
Article by: Ashok – Strategic Coach & Mentor for MDRT/COT/TOT