Topic: How to stay poor! (Read 1484 times)

Hmm Always staying in comfort zone will lead anyone to the destruction of his life and if we wanna grow up we have to leave our comfort zone and in my honest opinion business is most recommended if a person wants to grow because the person who always does job whole of his life he always remain on the same point from where he/she started but in case of business, a business can make more money for him/her as if the income of one month is less and income of another month can be grown. Hmm, the question how should we start our business?

If we have a good income from our salaries we should save some money from our salary every month and some we should invest to make more money from our new business and when we realize that we are now making good money from our business then we should grow our business and leave the job we were doing and should focus on our own business like how we can grow it more. (it is my suggestion not saying everyone should follow this because everyone has many problems to manage in their life so that they can not manage funds). DYOR

This is something that attracts attention when you convey tips for staying poor. I understand the meaning of your statement, and I agree with what you said. When someone knows the tips for staying poor, those who don't want to be trapped will of course choose tips that are the opposite of what you have described.

Poor and rich are just a matter of status, but happiness is what everyone seeks. Rich people are not necessarily happy, and vice versa, poor people are not necessarily suffering.

Many rich people continue to accumulate wealth, as if what they have is not enough, they don't even have time for their family. There are poor people who live well enough, but they are always with their family to look at the future together.

So life is just a race, where the same nature is available, and how we use that nature.

You're right, I know of ladies who prefer attaining higher degree and forgetting about fancy stuffs, this is very impressive and ladies like this also look good and nice. Women who live their life's depending on all this will soon change sooner or later cause the society has also change and people no longer run after luxury stuffs. I'm not criticizing women who go for luxury things besides men nowadays also prefer luxury stuffs but this act should be limited cause no one should actually use their money carelessly, keeping money for future purpose is more better than spending carelessly.

Take the entertainment industry out of what about to say. If you check all over the world you find out that the most intelligent women don't direct so much expenses on skin care, to them it's a wasteful spending and that such money should rather be directed in the development and expansion of their knowledge.

It's not wrong to want to want to stay or look beautiful but it should be done with moderation and not with wasteful spending all under the scope of idea that it is in the nature of women to take care of their skin. In a context let your expense on any item or luxury be within your paycheck be you a man or woman for poverty is not gender centric.

But people are really just that too lazy or someone who is really just that contented on what they do have now without even trying ot find ways and methods on which they could really be able to make themselves better and would really be just that sticking on what they do have currently now and doesnt have any plans for any upgrades or whatsoever on which it is really just that sad. You would really be that putting up yourself
on being poor on the time that you are really that spending or putting up that much money without having any plans or other income source. Spending on something which it isnt really that sustainable
or something that could bring out some income will really be putting up you on so much trouble. You would really be putting up yourself on such situation or condition if you arent
that making any steps for the better.

Avoid on unwise spending specially on things which arent useful or something beneficial because if you are really that someone whose really that coming after for
those non generating income things but rather going after with those wants then you would really be ending up on disaster on which you should really be that careful
because sooner or later you would really be able to feel the effects.

Again you could also archive poverty by failing to invest in your self in attaining good grades and skills to foster your employers 

Jack of all trades they say is master of none but you could be jack of many trades it actually pays.

It is nature for women to always want to look beautiful and sexy by buying beauty products (skin care), branded clothes and other expensive facilities. A woman's self-confidence increases when she feels that she looks beautiful and sexy and that looking beautiful in the eyes of other people is something that is enjoyable for women. Beauty has an attraction like a magnet that can hypnotize men to stay with her.

Men must have the courage to invest in women to buy beauty products and all the accessories needed to make their women look beautiful. As a responsible man, he must be able to increase his income to maintain financial stability so that he does not fall into poverty. Every household need is a man's burden, including other needs such as providing capital for his partner to keep looking beautiful.

right? make up and so on is investment for women that I don't think its waste of money , what I call waste of money is buying luxurious brand and hoarding it, then it will be wasting money, like buying some supreme stuff and hoarding it, if its just make up, the price aren't that significant anyway, even if there's luxurious make up brands, well definitely usually the woman that buys are well off enough that they started to think about buying higher quality make ups. i agree that there's no need to ridicule women like that.
we also shouldn't forget the fact that there are women that puts their family first, not caring about these things about make up at all, i've seen plenty hard working women.
this factor resides in every individual minds how they take advantage of financial management.

I feel like every single one of us has at least a basic grasp of what they can do to actually lose all their money in a single go, but I reckon none of them know the middle ground. A way for you to still have fun with your money and enjoy living by your own means without having to splurge all your cash or live your life as a fucking hobo.

Here are some tips to achieve that:

1. Invest on a single hobby that you find fulfilling. If you like playing the guitar, by all means, buy one and play it. If you like collecting action figures go for it and buy whatever makes you happy. However, limit your purchases to at least once a month, or however long it takes for you to recuperate the cost of the purchase twofold. That way, you still enjoy your money, but you don't get dirt poor for having to.

2. Learn a new skill, capitalize on it, and reach the top echelons of the salary grade for it. The idea that "you have to have two jobs in this economy" is a massive misconception. What you need is to learn a skill that pays well and capitalize on it. If you're able to do that and you found an employer that values your skills and presence, trust me when I say you won't have to find another job again to support your existence.

3. Be a giver, but don't be stupid. Give to those who bring value to the table. Be close to your family members cause at the end of the fucking day when you get jailed, or when you die, no one's gonna pay your bail or no one's gonna have your ass laid in a good coffin besides your family. Be there for them, and for those who don't bring value to the table, give them an ultimatum.

There's this thing that Kevin O'Leary does where he doesn't give out loans to family members, he gives them money, under the premise that they never ask him for money again. 9 times out of 10 they won't ask you for shit on that particular instance, why? cause they know they'll be needing your help for a bigger problem, and they're afraid you wouldn't be there for them anymore when that happens.

4. Be vigilant about your surroundings, but keep to yourself. Having no care in the world's just as dangerous as being the nosy guy. Learn how to be perceptive of things without looking like Columbo.

This comment of mine is devoid of sarcasm, and is certainly helpful for those like me who wanted to be rich, but at the same time are also eager to get a taste of their hardships every now and again.

Actually, you don't need to ridicule women like this, they have the right to be beautiful by buying skin care and branded clothes with their own money, and when they have husbands, their husbands are the ones who have the obligation to beautify their wives (if women are not beautiful then men will cheat)
beauty costs money, in fact every man is obliged to spend money to make their partner happy, because it is a man's responsibility, don't think that when you pay for your partner that you will fall into poverty, don't be too stingy, you as a man will not fall into extreme poverty, increase your income then your partner will be happy with you

Maybe only some women think about how to look as they are and they don't think about appearing beautiful in front of other people and they will save the savings they have, because they don't spend money to buy expensive cosmetics and they think more about being able to have enough savings. they can use it for the needs they really need, not for beauty that can be enjoyed by anyone.

It is true that there are some women who think too much about their beauty so that their men will be willing to pay a lot of money for their beauty care with a lot of money and also they have money that they can easily earn through work, of course it will be very easy for them to spend. how much does their beauty treatment cost.

Bad habits? They're silent assassins, slowly chipping away at our financial fortress. Overspending, impulsive purchases, a penchant for quick fixes – these seem harmless indulgences can morph into monsters when the income tap runs dry. It's like building a sandcastle on the beach, oblivious to the approaching tide. Sure, while the paycheck keeps rolling in, you might patch up the cracks, but when the tide rolls in.

The relying on a single income stream is a risky dance on a financial tightrope. Don't get me wrong, a high-paying job offers a certain safety net, but even then, diversification is key. Think of it like spreading your bets; eggs in multiple baskets, not all in one fragile porcelain bowl.

"Buy a well-paying job"? Easier said than done, right? While a six-figure salary might cushion the blow of some bad habits, it's not a magic bullet. Resourcefulness, smart budgeting, and responsible financial planning are the real cornerstones of a secure future.

The nature of most women is like that so there is no need to be surprised when we see women who spend more money just to look beautiful through taking care of themselves. Because women really have to look beautiful and attractive in order to be liked by more men, even though women don't like more men if they already have the man of their dreams in their own lives. But on the one hand, I also agree with your statement that when beauty products have to be paid for at a higher cost, of course anyone has to think about it repeatedly if they still want to save their finances in life.

But if a woman's wasteful attitude is still quite high, I think they will not think about it or will not consider it as long as the money they get comes from their own husband or from someone else's gift which they only received for free. So it also depends on the attitude of the woman who is still very fond of beautifying herself by shopping excessively for beauty products, because I'm sure not all women have an attitude of being excessively wasteful on beauty things.

This one is good, and it made me laugh cause we know that some or most of the woman would totally answer it that way.
I also get that they want to look good and all spend on beauty products skin care, but if it is too expensive for their income then might as well think about other options.

OP, you have mentioned many things that can make one to continue staying poor and you said is in line, but one of the major, problem of some people is their mindset, when you have money and decide to live a luxurious lifestyle without the plan to invest in things that will bring more income to your table than I think you are a laying a poetry foundation which may be disastrous to you in the future if you don't retrace your step, am not against giving but it just have limit, people should not give out more than what they get in other to entice or satisfy friends, we should do more of investment than giving to make people happy, stay in the confined of your home might help in reducing unnecessary spending so we could apply this mechanism too.

Good sarcasm, I would rather start a business if I have extra money to fund the business so as to stay out of poverty, I would also invest in a good assets especially Bitcoin when it price had dumped knowing that during the bull runs I would earn reasonable profit after selling all or part of my assets thus I won't be poor again, I would implement my good ideas into real business and strategy earning money to make extra income therefore I shall never be poor again, more importantly taking good advices is another way of escaping poverty all the good advice might yield positive effects on my personal life and enabling my dream to become a reality.

It's very easy, we just laze around and don't have to try anything, because being poor is not someone's dream, no one wants themselves to be poor, but fate determines our lives, we just try as hard as we can. Fortune has already been arranged, therefore being poor is not an aspiration and dream of all human beings, that's why we try so that there is no poverty among us, if we are poor, never mind friends, even brothers are lazy to admit us brothers, being poor is a disaster for us, being poor in wealth is fine, as long as you don't have a poor heart, don't until poverty comes into our lives, that's why from now on we continue to try as hard as possible so that there is no word poor in us.

the only issue with giving/lending to friends/family, is who you give it too
if you give it to someone you know is not reliable, and you expect it back, especially if its an amount that will trigger emotion if lost. just say no

however if the friend/family is also on the generous/genuine side knowing they are not the nefarious type to skip out on bills/obligations
and you help them out in a true time of last resort need, with a loan at a 0% rate with repayments in a affordable way thats better then any other offer they can find. (where there is no non-repayment excuse) and you have it wrote out and scheduled by seeing them set up their bank account to make regular payments on their income day+1 so they cant even say they have no money left.  then you can protect yourself

the main problem is the friend/family types that are not reliable with their finances intentionally. so with those types of friends/family, avoid financial support conversations and instead just give verbal advice to them to manage funds better

While I respect your perspective, I don't entirely agree that lending money to friends or family guarantees staying poor. As long as the amount is within a reasonable range, say 10-30% of your income, it shouldn't significantly impact your financial stability. In fact, framing it as a gift rather than a loan can help manage expectations and avoid resentment if they can't repay you. It's similar to investing in a risky altcoin - there's a chance it might flop, but there's also potential for significant returns.

However, I think that the real danger lies in becoming a "yes man," constantly giving in to loan requests even when they're too large and threaten your financial well-being. Lending beyond your means can lead to serious consequences, unlike the calculated risk of a small, thoughtful gift. 

Some saying that education isnt everything or its not really that needed for you to finish college for you to be successful in life because there are ones who doesnt have that degree did able to achieve pinnacle or success in life which is way more better than to those people who had finished their studies but this is actually not really that a good mindset to be put up on someones mind. Nothing beats out if you do have that educational
background at the same time you do have that kind of mindset on trying out to make yourself that way more better in terms of earning money or income on which it would really be the best combination.
The difference only here is that there are those individuals who would really be just that contented on what they do have and dont tend to upgrade further.

If someone do sees that they are really in short when it comes to their income then they would really be that definitely be trying out to adjust and would really act accordingly
on what are the things that they should really be  doing so that they would be able to have that progress.