The current statistic that’s buzzing around the Internet right now is that out of the 150 million people that call the United States home, one out of every two people is in poverty.

Suze Orman recently called attention to this, and began to talk about the possible ways of avoiding debt and poverty in the first place.

So that captured our curiosity — is it possible to actually achieve a path to great finances that doesn’t involve poverty or falling into increasing amounts of debt? Definitely!

We think that you should actually start thinking about building a plan that’s going to really meet your needs, not someone else’s. Far too often we go online and we look at plans of action that might be helpful, but everything’s going to need modification in order to get things together. It would be better to make sure that you try to figure out what’s really going on in your finances and then attack those problems accordingly.

If you’re just starting out with your financial life, you have the best chances of keeping things on the up and up. You will want to make sure that you really take a hard look at how much you’re making now, what resources you can use in the future to make more money, and what goals you have. Too many people try to live the future on today’s wages, and it ends up getting them further and further behind.

Good insurance should be something that you reach for more than designer shoes or the latest techie gadget. If you suddenly got hurt, good insurance can make the difference between walking out of the hospital well without going into debt, and walking out of the hospital without any ability to take care of the new debt incurred from not having insurance.

If something happened to you, would your family actually be able to keep going on strong or would there be major issues? Life insurance is really the order of the day here, and it’s really not as expensive as some would have you believe. It’s just a matter of making sure that you try to focus on these tools rather than just going out to spend money.

Now, what about the other side of things when you’ve already have had some financial difficulties? Instead of just giving up, you need to make a realistic plan. It might mean that you get rid of two things that you love having to save money, but you put the freed money towards your debts. It could mean going even more extreme, but remember — everything has a price.

Saving and rebuilding credit is also going to be highly important. You don’t just want to think that you’re going to be a cash only customer for your whole life. It’s smarter to dig down deep and ensure that you focus on the positive here — and that means believing in yourself.

Indeed, mindset is one of the strongest factors. If you really don’t believe that you can avoid debt and poverty, then you will find yourself sliding towards that. If you’ve been laid off from work, you’re going to have to probably be a lot more aggressive than someone that already has a job. It just depends on what you’re ultimately trying to do for yourself!