Topic: How to stay poor! - page 12. (Read 1579 times)

I don't know what your purpose is, and you created this topic. I don't get the sense of the discussion you created, dude. Do you think that some of the communities here want to remain poor in their situation in their lives?

Are you the OP wanting to be tied down by being poor? because if you say yes, why don't you do all the things you said here? I can't even tell if what you're saying is a tip, because it seems to me that you're just teasing the other communities here who are still struggling in their lives. Is that your only purpose for doing this?

The present economic condition of many countries has shown that living on one source of income can be disastrous. The government of my country has not improved the minimum wage of workers even when we are experiencing high inflation. It is now common to see workers abandoning their tasks because they need other sources of income to make ends meet. I encourage most people in my area to at least develop skills highly demanded jog area that will increase the chances of getting an online job that can give them another source of income.   

We will not stop helping those in need around us but we should do it within our budget. We can have a budget of what we intend to give out to those in need and stop giving when we get to our limit. We shouldn't go to the extent of taking loans or credit because we want to satisfy or help people in need. We shouldn't strain ourselves because we want to help others. After all, they can look for other ways of sorting themselves out.   

Extroverts will always like to be around friends and enjoy their company. But you can be around friends at events without being wasteful. But like OP said, we should limit our outdoor activities especially if we sense that we might spend unnecessarily or have some disagreements that might lead to making more enemies than friends. But for introverts like us, staying in our house alone is enough for us to enjoy ourselves.   

Most of the point you listed here are less effective in staying poor than when you spend more than what you earn, see my brother no body plan to be poor, but the indecision and procrastinating of vital things that can change your financial state or influence your financial state  is mostly the cause.
Most poor people today have the habit of spending more than they earn, which I think is the key of them staying poor.

Failure does not require learning, only success does. You cannot teach a person how to fail because simply if he does not do something, he will be poor, and because the person realizes how bad his financial situation is compared to realizing that he is rich. Therefore, the steps to failure are easy and multiple, and the steps to success are boring and slow, but they earn you happiness.

To add to it, continue embracing fear in that your comfort zone, which are some of the easiest way to stay poor in the society but nobody want to remain poor but there are many people who are poor and some are still coming to be poor, if they don't eliminate fear from their comfort zone. Secondly, continue drinking and cluding in this new year which are another way people stay poor in the society because the money they spend on girls and drinks yearly can reach someone to start small scale business and become a millionaire in the future.

Thirdly, to stay poor, don't take any advice from people that know more than you which are another way people stay poor in the society because no matter the advice you give to them to eliminate poverty from their life they will see the advice as wast of time.

The topic of poverty trasend beyond what ops have mentioned in this topic,  although ops did a good job mentioning all the physical and practical characters that could make one poor and remaining poor forever,  and much more also ops touched every aspect with clear explanation to them,  so I give that to him again.

But then also I would also like to mention the intellectual l or philosophical attribute,  mindset, which is the poverty mentality of some people,  that have drained their ability to make productive use of the time and energy due to the mental state of mind.

To continue being poor, keep doing what OP has said above. Actually, what OP said, should be a motivation for smart people. And if you want to improve your economy in your life, it's better to start by controlling yourself, managing your finances to be a better. Because no one wants to stay poor right? everyone wants a more comfortable life in old age.

I've seen how instant gratification can perpetuate poverty. I've learnt that spending without planning or a budget is always equal dumb. Lost direction is inevitable. Social pressure to 'keep up with the Joneses' makes this worse, providing a veneer of prosperity as finances collapse. Your concern about single-income dependency is well taken. I've found that diversifying revenue streams is sensible and vital for financial stability.

Money lending can lead to over-generosity. I've sadly learned that assisting others and protecting one's financial future are difficult balances. I struggle to say no when necessary. Naturally, I agree about meddling in everything. Focusing on what matters to me personally and professionally has been vital for me. Focus is essential to financial success and psychological peace, but it's easy to get distracted

Nice one! We have been hearing and reading about the positive, it's now we read about the negative also, and it is all about how wise you use it in the reverse.

Bad habits have to be cautioned, controlled and corrected, they could be so devastating when it comes to finances, and if not changed for too long, it might still be patchable when the person is still in gainful employment, but when the inflow stops, especially during the retirement times, it could be so devastating. Many factors and examples are to be considered even far more than what you iterated above. I believe that people should be able to know what is positive in their lives and what is negative so that they can embrace the positive and shun the negative. Among all you iterated as well, having one income source is a very bad idea, I detest it so much and I advise people to avoid it except the person has a well-paying job that is enough to overlook all that.

Buy a well-paying job, I mean those who are earning $150,000 and above yearly. If not, you need to work and use your brain correctly no matter what. That alone can even cover for the rest faults since enough money is being made yearly. However, a good financial freedom plan and retirement savings are good. It is also good to have investment even if you will not work another job or have a side hustle.

Say that to women to get a better replies.

They will says:
1. Well, that's my life why you need to judge me, mind your own business.
2. Men always like pretty girl, I want to become a pretty girl, that's why my maintenance costs e.g. skincare, nice outfit, nice car are high.
3. You only live once, no one know how long you will life, just enjoy your life.
etc.

Do you think people naturally does all this to stay that poor?
No one will want to remain poor in their lives but the problems is most people fails to summon courage in everything they do because they all believed that everyone has a lifting days with a regular saying that says "God will make it one day", Tell me how God will make it when they fails to look for work and job that would produced to them, is it not same God that says " Show me they works of thy hands I will blessed you through thee". Yes, people who don't change their orientation would always remain poor in life provided they are feeding 3 square meal a day, they don't mind pushing harder or becoming Rich in their lives.

As a businessman or salary earners here are tips on how to stay poor in life.

1. Spending your money on unnecessary items immediately the money arrives. Trying to prove a point to people by living a standard that is above your pay grade.

2. Live on one source of income. Everyday of our life our responsibilities and challenges keeps piling up accumulating without consideration to our financial capability. The economy and cost of living continue getting worsen. So in order not to be able to beat this piling settle comfortably on a single source of income flow.

3. Become an extremely cheerful giver/lender to friends and family. A wisdom quote I read somewhere said, "if you want to lose your friends and family lend them money".  Keeping doing this and you going to be successfully poor.

4.Learn how not to mind your own business, making every events around you your concern even when it doesn't affect you. It's a nice way to make cool enemies. Etc.


I trust you all get the sarcasm as conveyed.