There are advantages and disadvantages to everything in life. Being born into a poor country has its own advantages and disadvantages. The main advantage is that once you have cracked the formular for wealth; you can become extremely rich.
Overview
We all want to live a better life, take our children to better schools and have good experiences. This is something that is deprived to people who are born into poverty, especially in Africa and Asia. Every country; no matter how poor, has rich people. Every country, no matter how rich, has poor people.
This means that although you are born in a poor country, you can still make it and being born in a rich country doesn’t mean that you will automatically make it. It’s way more difficult to be rich when you are born into a poor country but you can become a lot richer if you become successful.
Change in mindset
Stop believing that becoming rich is difficult or that rich people became rich by doing bad things. It is very much possible to become rich through hard work and consistent efforts. You need to know that becoming rich is very much possible, all that’s really needed is commitment. This will be discussed in detail throughout this article.
If you are from a poor background then you will know how rich people are constantly vilified and portrayed as evil. Don’t fall for the same line of thinking, if and when you become rich, people are going to say the same things about you.
Sure, there are some people who got rich by scrupulous ways but that’s not even the majority. Another belief you might hold is that only people born into wealth become rich; it’s not true, over 80% of millionaires are self-made and were not born into any kind of wealth.
You can’t be rich if you don’t believe that you will be, even people who gamble believe that one day luck will be on their side. One thing that will surely help is to read books, books and more books. After being conditioned for your entire life about how difficult wealth creation is, you certainly need a new conditioning.
Play the long game
Give yourself at least 7 years to succeed and become as rich as you want. There is something about the magic number 7 that we can’t really put our finger on. This is when most companies reach the “truly successful” stage and when most people reach their goals.
There is concrete data to back up this claim, if you haven’t waited 7 years then you haven’t waited enough. Most people quit within 6 months, mostly because there are looking for ways to get rich quick.
Whatever goal you set yourself, give yourself at least 7 years before calling it quits. Waiting for 7 years for something that you really want might seem like a long time but think about it in the long term. Will 7 years still be a lot of time when you have lived over 80 years in this world?
Choose a wealth creation vehicle
You have to choose a wealth creation vehicle; how exactly do you plan on becoming rich? Will it be through education, a business or investing? Of all these, the most realistic one is starting a business, being educated might lift you out of poverty but it won’t make you rich in most cases.
Being educated in a rich country will make you rich or at least closer to being rich. The average salary for a nurse in Congo is R1 300 ($89). The average salary for a doctor or physician is R12 000 in Congo. That’s super low compared to the rest of the world.
The best wealth creation vehicle you can choose is a business. Start a business and give it around 7 years to succeed. You might not have capital, but that’s not an excuse, capital can be replaced by labour. You will have to do a lot of hard and painful work in order to compensate for the lack of capital.
I personally advise starting something that you have immediate and complete control over. There are a lot of opportunities around us that we can take immediate advantage of while maintaining control.
You can start by planting potatoes, farming pigs or anything that won’t require you to have customers. Opening a shop will need you to have customers, you might or might not get them. Do something of value, people will surely buy your potatoes as long as they’re well priced, the same goes for meat.
Take advantage of opportunities
The main advantage of poor countries is that there is so much room for growth. This makes it easier to start a business and succeed because there is little to no competition in most industries. Competition might be tight in other industries but there are a lot more industries where you can just start and establish yourself as king.
It’s very hard to start a business in a rich country, even when you have financing, the main problem is competition. People have so many options and you have to work extra hard to differentiate yourself. Take advantage of this and create a strong business, your business will be wildly successful after you have made it past the stage of trials and tribulations.
Bottom line
You have to work hard for your future, it’s not going to be handed over to you on a silver platter. Another important thing is to stop telling yourself that it’s impossible, stop having doubts, undeveloped markets are like a gold mine for those who have a keen eye for opportunity.
Conclusion
This was a guide on how to become rich in a poor country. The guide cannot become definitive because people will use very different paths to wealth. It is more of a guideline, it’s very important to seek a more specific guideline once you have chosen your wealth creation vehicle. This was a guide on how to become rich in a poor country. Do you have any thoughts or questions? Comment below.
