Blog | Entrepreneurship

The Impoverished States of America

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Unfortunately, poverty and unemployment in the U.S. are increasing, and women are in the thick of it.

The New York Times recently reported the following from the latest, U.S. Census information:

The official poverty line for a family of four is $22,314 per year. That is $1,860 per month. In numbers alone, there are more women living in poverty than men.

Out of the estimated 46,215,956 people in the U.S. living below the poverty line, approximately 25 million of them are women and 21 million are men. And women in poverty outnumbered those of the Hispanic population, black population, Asians, elderly, and those under age 17.

What's the good news, especially for women?

Stacey B. was a mother living on welfare. By applying the Rich Woman and Rich Dad principles, she now owns a medical practice and nine rental-properties.

Rowena R. is a single mom and housekeeper in London. She is an overseas worker and sends the money she makes back to her family in the Philippines. Long story short, by putting a little financial education into practice today, she owns nineteen rental units and isn't stopping there.

You cannot stop the waves, but you can learn how to surf.

The economy is always going to have ups and downs, but you can learn how to be successful no matter what happens. If you want to avoid being one of the poverty statistics and enjoy the rich life you've always dreamed of, it's up to you to get a financial education and take action.

No one else is going to do it for you.

But don't worry. There are a lot of resources available, and here in my new blog, I look forward to sharing some stories, insights and inspiration to help you succeed.

Financial independence and happiness are yours for the taking. But it's up to you to make it happen. It takes character, education and getting out there and doing it. Stacey and Rowena are two women who started with nothing and got out there and did it. And you can too.

Look for Stacey and Rowena's stories featured in Kim's new book, "It's Rising Time!" due out in late November. And for help increasing your financial education now, check out the free resources here.

Original publish date: November 17, 2011

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