If you’re young, in a poor country, and trying to make it, you’re going to be dealing with a general information drought. You just get information later, if at all. There isn’t much you can do about this in general, but there are some ways that you can improve the amount and quality of information you get. Getting the right information while living in a poorer country can change your whole career. Avoiding the pitfalls of not getting good information can also help you. Generally speaking, having the right information is vital to your success.
Innovations occur in first world countries
This makes a lot of sense. Right now, the difference in standard of living between “first world” and “third world” countries is pretty vast. The smartest people end up spending a lot of their time in first world countries. As a result, a lot of the innovation comes from these places. They get the tech first, and get the advantages that come with putting it to use before everyone else. You, in your poor country, have to wait. This is pretty much the way the world works and if you don’t like it, you’re going to have to work harder. Build the country which allows for the right information to trickle down to the masses.
The best businesses are copycat businesess
The stuff that works in rich countries works in poor countries, generally speaking. You can go very far by copying business models that have been tried and tested in rich countries, in poor ones. Online business can make you wealthy enough to live comfortably pretty much anywhere. The best thing to do is to find an online business that can be replicated easily. Or, copy a scalable, white-collar business model. Know your timeOne of the annoying things about being in a poor country is that sometimes you can be a bit before your time. If that happens, it’s important to be aware of it. Know when certain technologies are and aren’t appropriate. Figure out which markets to introduce them to. Blogging isn’t a good business for my country at the moment. So what am I doing? Writing more articles. I’m showing thst blogging is a worthwhile business through my actions. As time goes on, my country will also become more developed. People will see the value of technology and the written word when used together.
Get educated
You want to know as much as possible. Living in a poor country isn’t easy. You’re going to need to be smart, strong, and resourceful. Your education acts as your insurance policy. The more qualified you are, the safer you are. I haven’t finished studying yet, but I will most likely end up completing a bachelor’s degree. An education will help focus your mind, and put you amongst a different set of people. It can be a bit boring sometimes, but I’m of the general belief that school is helpful.Consume culture from wealthier countries This can end up being quite unfortunate if you’re from a place near the USA. But generally speaking, culture from wealthier countries is actually going to help you get wealthier. You’ll just have a better understanding of money. Make sure you work hard too. Don’t get entitled and start believing that you deserve more than you actually do. You need to be focused on building a country. Or at least maintaining your current lifestyle.
Talk to business owners from wealthy countries
These people will enlighten you as to new business models and help you expand your mind. If you know how to function in a poorer country, expanding using a business model from a wealthy country can be a gamechanger. You just need to reach the point where you can expand safely and comfortably. This is often going to take years of dedication, even with help. But knowing how business owners in wealthy countries operate is useful.
Learn about purchasing power GDP and how it impacts lifestyle
Depending on how you want to live your life, you’re going to want to understand economics and why costs are lower in some places than others. If you learn about that, you’ll know about potential countries to move to. Understanding purchasing power GDP can change your life and save your backside. Failing to comprehend it can lead to a lifetime of hard work. Learn how to do researchYou need to have an understanding of hiw evaluate sources, and whose advice to follow. A lot of people talk, but for a variety of reasons, not everyone is worth listening to. Learn how to find good sources of information, and do your best to not only listen to what they say, but absorb what they do. Realize you can learn anywhereAnd that’s your advantage in a poor country. You can master thinking and building small, and turning every situation into an opportunity. Being a more flexible thinker will help a lot as the world becomes more “flat”. The reduction in the average number of hours worked across the world is going to make it easier for poorer people to spin uo good business ideas. Over the next 2 decades, flexible thinkers will dramatically outperform those who are less creative. Improvements in AI will only exacerbate the gap.
Train yourself to emigrate
You want to be able to move around with your knowledge. Get the certifications and degrees required to move to the country of your desires. If you’re from a country that is quite poor, this is the logical thing to do. If you’re from a country with a GDP per capita of lower than about $4000USD, you might want to do that when you’re younger rather than older.
Work hard
Working hard lowers your risk profile by making it so that you take your risks faster. You get things over with, and gain feedback and understanding quickly. When you work hard, you generate a positive feedback loop for yourself, and life gets a lot easier. Hard work can also help you compensate for a lack of information by putting you in the right rooms. If valuable people see value in you, you might be able to get a lot done.
Cut fictional content from your life
Before drugs, fictional content was the opiate of the masses. Avoid consuming that stuff at all costs. Instead, learn how the real world works. You will be surprised how much you can learn when you aren’t wasting time on fictional nonsense. Cut it out and start consuming informational content.
Don’t follow the crowd
If you’re in a poor country, the general public has no clue what it’s doing. Don’t follow the crowd if you’re looking to win. Do what you think has a realistic shot of getting you into the top 10% of asset holders in your country, and execute tot the best of your ability. Combine that kind of grind with a good education, and you’re highly likely to get rich.
Don’t move somewhere too cheap
Moving somewhere that’s too cheap when you’re young can end up being a major mistake. Moving somewhere that’s too cheap in a globalized marketplace can make you weak and decadent. It can also make you arrogant. It’s better to work hard and know your place in the world. This way, you’ll live a more balanced life, and be better at making money. You’ll be around smarter people who are forced to know more in order to acheive.
Lack of information is an absolute killer when it come comes to building a life across most of the global South. There isn’t much you can do about the delay, but there is a lot you can do to make yourself better. If you get better, so does your country. Just make sure to work your butt off so that it actually happens. Don’t let living in a poor country be an excuse for being a dummy who falls behind. Do your best to keep up and make the situation better.
Thanks for paying attention.
