Skip to content One of the most important keys that can enable the poor to break the cycle of poverty and build wealth is a factor known as economic connectedness.
In simple terms, economic connectedness connotes how people from different socio-economic backgrounds are able to interact with one another. The underlying principle is that the more the poor are able to interact with rich people, the more they are likely to become financially successful.
By the same token, the more the poor are segregated from the rich, the less likely they are to become rich. When the poor constantly interact only with other poor people like themselves for instance in marriage, at work or in their social circle, the more difficult it is for them to experience upward social mobility.
When children from poor families attend the same schools with children from rich families, they will not only get good education, they will also form life-long relationships with children from the rich families that can open doors for them later in life.
When the poor provide value to the rich for instance by doing an excellent job, passing the test of loyalty, or showing integrity, the more likely the rich will offer them opportunities to compensate them and open up their networks to them.
I’m Ayo Adebamowo. Author, Speaker and Tech Entrepreneur. I’m here to walk your success journey with you. Subscribe to my newsletter for regular nuggets or check out other empowering articles on my blog to help in that journey. My latest book is Make Money, a primer on launching and growing a profitable business.
Written by : Ayo Adebamowo
About the Facilitator – Ayo Adebamowo Ayo Adebamowo is an Author, Speaker and Tech Entrepreneur. He is the founder of MyMedicalBank, a health technology company promoting digital access to healthcare through creating innovative digital solutions.
A Nigerian-British national, Ayo has been named as one of the 70 Most Outstanding Healthcare Professionals in the United Kingdom.
Having started and run various businesses himself in healthcare, technology, agriculture and publishing, Ayo very much understands from a practical point of view the pains, struggles and mistakes aspiring and established business owners often make that delay their success. He therefore brings his wealth of experience coupled with years of experience and research to help other entrepreneurs succeed in their journey.
