Topic: How to stay poor! - page 9. (Read 1579 times)

To maintain financial stability, it's essential to control your impulsive spending when money comes in. Carefully allocating money promotes long-term financial security by enabling savings and investment opportunities. Furthermore, displaying a lifestyle above one's means in an attempt to impress others can result in debt and other financial difficulties.

It's a great notion to have multiple sources of income because it's way more money can be coming someone. Think of it as having several tools in your toolbox to assist you with various jobs. Having multiple streams of income is similar to having a safety net. The other methods can help you if the first one doesn't work out as well. This is crucial because, although life can present obstacles at times, having a variety of income streams allows you to deal with such obstacles without becoming overly preoccupied with money. So, it makes sense to have multiple sources of income to avoid running out of money!
If you make a habit of always giving or lending money to others every day, it might be challenging for you to succeed in life. This is because constantly helping people in this way can prevent you from saving money for the future or investing in different things. It's not that helping others is bad, but if you do it every day just to make others feel secure, it can keep you from getting ahead in life. It's important to find a balance between helping others and taking care of your own future by saving and investing wisely.

I like how you give advices on this kind of approach. I hope no one follow the said things above as they want to get poor.

The listed things above are widely present on the people that belongs to the financially poor bracket. I know it because I been in that bracket. The mindset we should have should be the exact opposite in the list above. I honestly guilty in one of the advices there. Live on one source of income, I've experienced it and had been contented on that kind of state not knowing that one source of income is not how rich became rich. If we want to improve financially, living on a single source income should not be an option.

Many things can affect a person's financial condition including sites where a person is difficult to get a job so that it will affect his economic condition and will be an obstacle in meeting his needs.

In this life there are various things that we can see from an economic perspective on a person, there are many factors that can make someone poor or rich, what you said maybe yes that applies to most people if they do all of that, they still stay within the poverty line, butnot for some sultans.

* Many people I see buy things they don't need, but their wealth continues to grow, this applies to those who have several large businesses with a turnover of millions of dollars per day.

* I also see many people who give money to friends and relatives, but they don't look poor, quite the opposite.

The point is: if someone is destined to be poor, whatever they do, they will still be poor, and if someone is destined to be rich, whatever they do, they will still be rich, even if they do all the points above.

The truth is, poverty's a tangled mess of bad luck, broken systems, and limited options. It's not about laziness, it's about survival, sometimes with three square meals being the only luxury you can afford. It's about pushing a boulder uphill with bare hands, hoping for a gust of wind to give you a nudge.

So, instead of judging the folks stuck in the maze, let's build bridges, share our maps, and maybe even lend a machete or two. Because in the end, escaping poverty isn't a solo mission, it's a community climb. And who knows, maybe together we can find a way to turn that bumpy road into a smooth highway, open for everyone to cruise towards a brighter future.

It is easier to be poor than to be rich, if someone is lazy and don't want to do something meaningful with their life then it will lead to poverty, but if a person is hardworking and can improve himself to learn new ways to make money then the person will not be poor. I like how the ways to be poor are listed in this topic, it shows that there are rules to poverty which people must try to avoid and become successful. People say that God will provide for them but God will not come down from heaven to put food in their mouth, they have to work and God will make a way for them. We will plant and water then God will give plenty harvest, because there is no food for a lazy person.

This is exactly true of some people, they want to impress on people that they have arrived while they are still struggling inside. But naturally some people have this life style to show people what is not actually real because they want to have that acceptance in public. The truth is you are living for yourself and not for anyone else and the more you live a bragging life and show off lifestyle people associate riches with you and can not offer financial help for you because they are already seeing you to have everything you desire. So this is the debacle of claiming to have what you don't have, people can't assist you if you go ask for loan from them as they will assume you want to mock them and they won't take you serious. You will keep going down in your poverty with trying to prove a point or impress the public.

You gave very good tips to the road to becoming a failure, and it is quite easy, all the individual has to do is follow them or simply do nothing, they all lead to the same destination. I perticularly singled out numbers 2 and 3, they're very remarkable, follow them and the individual will not only become poor but with an extra bargage of having enemies.

In our present world today the cost of a comfortable lifestyle is quite expensive and most incomes can not meet up the demands of goods and services that keeps increasing, so depending on one source of static income can not continue to carter for the increasing cost of living. Without an alternative source of income the earner is inviting poverty.

People have learnt from bitter experiences not to reveal their true financial status to family and friends, because if they know your true worth, most of them will keep coming back for more loans or free money. If you don't give you'll become an enemy and if you give and they don't pay back, when you complain you'll likely still become an enemy. It's better to give the amount that you can afford to loose, unless you're planning to become poor.

The usual reason why a lot of people think this way after getting their money or paycheck is because after working everyday, they usually think that "I deserve this because I worked for it". Tho of course, you also deserve to treat yourself once in a while, but doing it every paycheck or spending on unnecessary things whenever you have money isn't a smart way of handling your finances. Sometimes others would even allocate their money already on the things they want to buy or spend even if they haven't received their money yet. It's like they're look forward for their salary just to spend it. Only allocating a small percentage on saving or investment/business goals.

Most rich or successful people reached that stage because they have their own businesses or investments. If you stick with working 8 hours everyday for someone else's businesses, the chances of improving your finances are low. Only few employees get a chance to earn bigger salary, and sometimes it'll take them decades of working before they can reach that range of profit. So if you want to maximize your skills and opportunities as early as you can, find another sources of income and don't just be satisfied having one. Most of the time, that one source of income you have isn't even enough for your living expenses.

It's fine to sometimes give your family as an appreciation or thank you. But lending would be a bit harder cause sometimes even if it's your relatives, it can still be hard to ask them to pay you back. Same goes with your friends. You may treat them as a friend but there are people that when money involves, they wouldn't care. So always be careful lending your money to others even if it's close to you.

Just focus on your life. Focus on achieving your goal and not other people's lives. Aside from the reason that it can cause you a lot of enemies, you would also be wasting your precious time on something that won't even bring you any good nor benefits.

Everything listed here is on point, but I just want to say that there are some people who want to get out of poverty but they can't because they are incapable. maybe life is not always the same, because if everything is equal, the world would be even more troubled. No one will do the work that the rich people can't do. Right now, most of the reason why people don't get rich is because they're too luxurious, they don't think about saving and being frugal. Especially now that there are many online stores that are going out and they are always buying things even when they don't need it.

I understand one thing and I believe it.
Not everyone has the same responsibilities so it is difficult to control finances. I have even seen a small child who works to support his family's economy so there is no way or way for him to save his money for his personal needs. He has quite a lot of income for someone his age. but there is nothing left when he has to meet the needs of all his output, this is about life which cannot be defined and also about love so he has to do that.

What is certain is that everyone who works hard will never feel deprived at any time so that those who support the family economy will find their own way to earn money because I believe that natural law is fair.

Of all the listed means, this is one of the most effective. It gives no relevance to either your working several jobs or have got several streams of income but, ensures you stay poor or continue to live an averaged life/lifestyle.

It’s always a compassion driven means and trying to give a shit yo what is being said about you, have your actions and inactions are been perceived but, it’s in your inability to take hard decisions, decisions that doesn’t really undermine your good but instead, might not be directly favorable to the said family and friends that this means thrives.

One needs to understand that, you don’t always get what you want in life and you will always come before other persons and as such, to stay too, you need to make justifiable hard choices. Don’t be scared to make them so long as, it doesn’t involve you cheating on your mates, take those decisions and call it saving yourself.
Don’t be involved more than you ought to, it kills dreams.

All of the things you just mentioned especially the first and third are the main reasons why a lot of people never succeed in life. As Nigerians, we are accustomed to squandering money without thinking twice once we get it; instead, our only concern is how to live life to the fullest and acquire expensive items without considering the future. The worst part is that you also have to become an incredibly happy giver and lender of friends' or family's money. As for me, I can never lend money to anyone in my family or friends; instead, I can just dash them money. This is because once you give money to friends or family, it will be extremely difficult to get it back because they will use your relationship as an excuse until you stop asking about the money.


It's true that no one knows when they will pass away, but as a man, you must find a way to deal with this by making yourself whole through spending and learning how to build your future rather than impressing others. While enjoying life is good, it's important to set boundaries so that, even in death, your family and children will be proud of you. Furthermore, discussing this point with women will help some of them understand it.

These are only applicable to those people who has the privilege to earn money bigger than the bare minimum salary that poor people earn in their everyday side hustles.

Poor people in third world countries doesn't have the capability to lend or to give money on their friends or relatives, because what they earn per day is just barely enough to feed themselves or their families. They can't even buy other things like new clothes, new appliances for their houses because they don't have enough budget for that, they are just trying to survive every single day.

Things are very hard everywhere and this is not the time people should depend on a particular source of income if not one won't be able to meet up with important responsibilities and projects. Their are a lot of online skills one can acquire to get income from it as a side hustle to gain financial support to manage one's self in this difficult economy in this time.

Inflation is making things to be very difficult for people,  before now people where able to survive with just one source of income , living comfortably with their families but right now things have really changed.  It is very hard right now to gain wealth through one source of income just like before now when inflation was very low.

I have an uncle who is a doctor and he is very rich, he doesn't even have enough time to work and has no time to rest, let alone have to work part-time to increase his income. One source of income or multiple sources of income depends on each person, we cannot look at it and say that anyone who has one source of income will be poor. Only people with income from their main job try to find other sources of additional income, while people with good jobs and high positions do not need to spend time doing part-time jobs.

By the way, I agree with what lovesmayfamilis said, even if we eliminate the things OP mentioned, it won't make us rich.

I don't think that removing the negativity in the OP's post will make a person rich. Everything always depends on the person living in poverty and on his desire, and maybe the opportunity, to change his life. It’s very old to say that if you study and work, you will be noticed and you will succeed. Today, the world moves very quickly, and not everyone has time to obtain the knowledge that is in demand. The best thing you can do is not to scatter yourself in all directions in search of yourself, but to study one thing and improve your knowledge in order to become a truly experienced specialist.
I will repeat the expression that I read somewhere here: “It’s not scary that you were born poor; it’s scary that you remain poor.”

Aside from the OP's sarcasm, I think surviving in poverty depends on the environment too. And doing the same thing but expecting change, even though without proper action it will not work as expected.

Why do poor people get poorer? That's because that person doesn't have the mindset of a rich person. When poor people have aspirations, they are pessimistic and continue to do what the OP says. And this can be influenced by habits too. So they continue to survive in poverty. So it all depends on your mindset, because there are also rich people who can become poor because their mindset and attitudes are like poor people and it is possible that poor people can become rich because their mindset and attitudes are like rich people.

Hey mate, if you don't get the purpose and sense of the topic maybe you have to go through again to get the sarcasm.  The sense in there is that doing all as written in the op will definitely make you poor but if you don't want to be poor it is expected that with all efforts you live your life in the opposite of all in the Op.

There is no one in this community or outside at all that wants to be or remain poor, even as that, there is a role you will have to play if you want to be and stay rich. Living rich is not by the desire of it but by taking necessary modelled actions to becoming rich.

Obviously, No I don't want to be tied down being poor and that's why am taking the decisive and necessary steps daily to being rich and staying rich too.

My answer is "No" and still remains no. Am sorry if that's how you view it but it's actually a tip and not in anyway to tease anyone if you get the sarcasm just as I explicitly said it in the end of the op.
Thank you.

What you say is very true, those who have one income can still meet the needs they need and can also build their house, but they have to save to be able to fulfill what they want and not use their money for needs they don't really need.
Indeed, for some people who have time to work from morning to evening it is very difficult to find additional income and if they force themselves to have other sources of income of course they will be very tired and will not be able to have enough rest time, I agree with you there is no What's wrong with having one source of income If we can manage it well, of course we can get what we want.