How To Kick Poverty Out And Accumulate True Wealth | Dani Johnson (2024)

Today I want to give you a short, but powerful message to help you start your week on the right track and in the right frame of mind that will set you up for long-term success.

If you have spent any time with me, either on our website, on the LifeMap To Success, or in person at First Steps To Success, then you’ve heard me talk about the 2 populations that are present in the world today – the 98% and the 2%. If this is your first time hearing from me, you have no idea what I’m talking about, so let me get you up to speed.

98% of the population will be dead or dead broke by the age of 65, dependent on their family, friends, or the federal government as their main source of income. Only 2% is doing well financially.

The only 3 things you need to know about money

There are 3 very simple things you must know about money if you want to succeed in this life: How to make it, how to keep it, and how to make it work for you (instead of the other way around). It’s safe to assume most people know the first one, and some know the second. But true wealth is gained only when you understand all 3. Click here to learn for free!

There are many differences in these 2 populations, but the core, foundational difference is the way they think.

I want to give you one example of that today…

98% of the population wants to show off their “wealth.” They want to have the nice houses and the expensive cars. They want to make sure everyone knows how successful they are, so they spend all they make, just to put their so-called riches on display.

2%, on the other hand, keeps the cash. They know that wealth does not depend on how much money you make, but rather how much you keep.

So, what is wealth, really? What is your personal definition of wealth? What matters to you? What drives you?

True wealth, to me, is accumulating money without sacrificing my marriage, kids, health, or fun. It is crossing over from having to work non-stop for my money, to making money work non-stop for ME. It is also using your wisdom, knowledge, and skills to benefit others. It’s about using my life to benefit the lives of others.

But so many people are living under this grand illusion of what they think wealth means.

And I get it. I really do. I spent so many years caught up in my addiction to stuff. I had made millions of dollars, but I still had a poverty mindset because I was spending everything I made. And for what? To prove to myself and everyone else that I was no longer the failure everyone said I would be? But my stuff was choking out my life. I was miserable! I was living under this illusion of wealth that only ended up leading me into bondage.

But then I came into the revelation of what true wealth is. My husband, Hans, and I have learned how to position ourselves to succeed financially, and since then, we have been on a steady climb up.

Wealth is meant to be accumulated and passed down for generations to grow the wealth even bigger. I was accumulating stuff instead of wealth. But you kick poverty when you are able to keep the money. It has nothing to with how much you make. It has everything to do with how much you keep.

Today you have a unique opportunity to cross the line from 98% to 2% by choosing to leave the poverty mentality behind and stepping into a mindset that is geared toward true wealth.

You have to decide which side of the line you want to be on. Do you want to be part of the 98%, who only care about showing off their success and riches, or do you want to be part of the 2%, who care about creating wealth?

It’s time to destroy the illusion of riches and accumulate true wealth!

I hope today’s message has helped you. Please let me know if it did by leaving your comments for me on our social media sites. It would also be good to spread this around to your family, friends, company, and community. You can email it, as well as share this post with your friends and followers.

In great faith,

How To Kick Poverty Out And Accumulate True Wealth | Dani Johnson (2024)

FAQs

How to go from poverty to wealth? ›

If you want to get rich, here are seven “poverty habits” that handcuff people to a life of low income:
  1. Plan and set goals. Rich people are goal-setters. ...
  2. Don't overspend. ...
  3. Create multiple streams of incomes. ...
  4. Read and educate yourself. ...
  5. Avoid toxic relationships. ...
  6. Don't engage in negative self-talk. ...
  7. Live a healthy lifestyle.

How do people really build wealth? ›

While get-rich-quick schemes sometimes may be enticing, the tried-and-true way to build wealth is through regular saving and investing—and patiently allowing that money to grow over time. It's fine to start small. The important thing is to start and to start early. Earn money and then save and invest it smartly.

What did JL Collins do for a living? ›

JL Collins is a financial expert and author.

The author of “The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life”, Mr. Collins offers easy-to-understand, effective guidance and resources to understand investing with confidence.

How to change poor mindset to rich mindset? ›

Take an Active Approach

Changing one's mindset from poor to rich can take work, Hammelburger said, which may be why people struggle with it. “Setting clear goals, practicing gratitude, seeking knowledge and surrounding oneself with positive influences are all ways to cultivate a rich mindset.”

How to become wealthy fast? ›

  1. Invest. The goal of investing is to buy assets that may provide financial growth over time. ...
  2. Take advantage of compound interest. ...
  3. Create a plan and follow it. ...
  4. Start a business. ...
  5. Cut spending. ...
  6. Try taxing yourself. ...
  7. Consider additional education. ...
  8. Take calculated risks.
Mar 1, 2024

What are the 5 steps to building wealth? ›

Here are the five steps to building wealth:
  • Have a Written Plan for Your Money (Aka a Budget) No one “accidentally” wins at anything—and you are not the exception! ...
  • Get Out (and Stay Out) of Debt. ...
  • Live on Less Than You Make. ...
  • Save for Retirement. ...
  • Be Outrageously Generous.
Jan 23, 2024

What are the six steps to building wealth and being wealthy? ›

  • Step 1: Manage your money well. ...
  • Step 2: Increase your income. ...
  • Step 3: Invest your money wisely. ...
  • Step 4: Bring all the pieces together. ...
  • Step 5: Preserve your wealth. ...
  • Step 6: Estate and trust considerations.

How to be a millionaire in 1 year? ›

“Beyond entrepreneurship, no conventional career path — even medicine, law, or engineering — generates a million-dollar income for a newcomer in only a year.” So, aside from a lucky crypto investment or a windfall of some sort, Kellzi said becoming a millionaire is highly improbable.

What is the most common way people get rich? ›

The wealthiest people earned their coveted places by investing in risky assets like their private businesses and then multiplying the returns, regardless of whether or not they had initial wealth from rich parents.

Where do millionaires keep their money? ›

Cash equivalents are financial instruments that are almost as liquid as cash and are popular investments for millionaires. Examples of cash equivalents are money market mutual funds, certificates of deposit, commercial paper and Treasury bills. Some millionaires keep their cash in Treasury bills.

What is the simple path to wealth investment strategy? ›

The Simple Path to Wealth: 5 key investing lessons by JL Collins
  1. Living within your financial limits. The foundation for wealth-building lies in living beneath your means. ...
  2. Putting money into low-cost index funds. ...
  3. Adopting a long-term perspective. ...
  4. Set your investments on auto mode. ...
  5. Don't incur debt.
Dec 21, 2023

What is the simple path to wealth about? ›

In The Simple Path to Wealth, blogger and financial expert JL Collins offers a simple road map to achieving financial independence and a secure retirement: Spend less than you make, avoid debt, save “F-You Money,” and invest in stock index funds.

Is the simple path to wealth good advice? ›

“The Simple Path to Wealth” is undoubtedly an excellent introductory course for anyone new to the world of investment and personal finance. Collins uncomplicates the often confusing lingo and intricacies of how to handle your money.

How to get rid of poverty mindset? ›

How can I change my mindset from poor to rich?
  1. Recognize and Challenge Limiting Beliefs. ...
  2. Practice Gratitude. ...
  3. Visualize Abundance. ...
  4. Set Clear Goals. ...
  5. Create a Positive Money Mindset. ...
  6. Take Responsibility. ...
  7. Develop a Growth Mindset. ...
  8. Educate Yourself About Money.
Jul 13, 2023

Do most millionaires come from poverty? ›

Millionaires Are Made, Not Born

In fact, the majority of millionaires didn't even grow up around a lot of money. According to the survey, 8 out of 10 millionaires come from families at or below middle-income level. Only 2% of millionaires surveyed said they came from an upper-income family.

How much money do you need to be below the poverty line? ›

Federal Poverty Level (FPL)
Family size2023 income numbers2024 income numbers
For individuals$14,580$15,060
For a family of 2$19,720$20,440
For a family of 3$24,860$25,820
For a family of 4$30,000$31,200
5 more rows

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