Everyone loves rooting for the underdog and a rags-to-riches fairytale. Hundreds of books, films, and stories are based on the concept of pulling oneself up, by one’s metaphorical bootstraps and succeeding. However, especially in America, this is far easier said than done.
This becomes the exception rather than the rule, and families become trapped in an almost impossible-to-break cycle of poverty. But why is that? Why is it so difficult for these low-income families to improve their situation? Well, in today’s video, we will be looking into nine reasons why this is so. Enjoy! 😊

▶ Try Audible and get a free Audiobook: https://amzn.to/3d2dVBd

Watch more Practical Wisdom!
10 Legit Ways To Make Money And Passive Income Online – https://www.youtube.com/watch?v=EAj0ZsYcHkQ

20 Frugal living tips to save a tone of money – https://www.youtube.com/watch?v=8wammvgbBgA&t=2s

16 Lessons in life people learn too late – https://www.youtube.com/watch?v=aD2qb53gNAs

10 Lies culture tells about money – https://www.youtube.com/watch?v=fRvFr2Qaor8

12 Things people waste money on – https://www.youtube.com/watch?v=DE6KZxwerp0

References: https://bit.ly/2ZWXCD1

Practical Wisdom – Interesting Ideas

DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
– The Audible link is an affiliate link meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.