Topic: If you rich you will be poor If you poor you can be rich (Read 284 times)

Using savings to buy a bankrupt business is considered a bad idea in business. Most people who like to buy bankrupt businesses are mainly other businesses, maybe even their competitors because they can merge into existing businesses to expand their market. But for someone who has never been in business and intends to start a business, opening a business on their own is much safer and better than buying a bankrupt business.

Are you in business or running a business? And are you a high-class person? How do you know that people in the lower middle class have no dreams, no intention of starting a business and escaping poverty?

Starting a business is much more difficult for the poor because they have to consider and prioritize other needs in life. You can't start a business when you're struggling to put food on the table for your family every day, so there's nothing wrong with poor people prioritizing their daily needs.

Everyone has a dream of becoming rich but not everyone can easily realize their dream or have the courage to step out of their comfort zone for many reasons. Not all poor people are cowardly or lazy, and not all rich people are talented.

Any rich person will look for ways to increase their fortune, which is why many wealthy individuals purchase land and engage in businesses that will increase their wealth at any moment. So, how can a rich person become poor when they are involved in various businesses? I believe the OP is attempting to convey the idea that affluent people gain richer and poor people become poorer. Poor people can become wealthy if they work hard and achieve their goals, but it is unusual to discover a wealthy person who is poor, because no one has to look back, unless what they are doing no longer works and they did not foresee when they would be able to invest and do business. In my nation, the affluent people enjoy and have numerous firms that generate cash for them, and I don't believe they can be poor anymore unless their companies stop working and he will be very hard. So, Op, what you stated was unbelievable, and I disagreed with it. rich people are enjoying because they do not see the misery, while the poor are aggressively urged to leave.

So what do you suggest? Do we sit idle and wait for the economic collapse that will make money move again? This is a strange economic theory.

But yes. In every crisis, whether economic or even in the case of wars, there are winners and losers. For example, in my country there has been a war for years and as a result of the war there was a major economic crisis that led to the bankruptcy of many wealthy people, but at the same time there are some people who got rich from the war and became millionaires even though they did not own anything.

           -   I do not agree to OP, specially here in my country.
Where rich becomes richer and poor become poorer. The effect when oligarch control the economy of your country,
where Politicians and corrupt and money is the mean of anything a sad reality.


Small business is really good and i hope people will not stop on their dreams that someday, oneday! it will be big!

The last sentence is good my friend, I heard that sentence from a song in my country haha.
Lower middle class people, even though they have savings to open a business, they don't want to take big risks because buying a big bankrupt company certainly has to be considered, with the lower middle class, of course the amount of savings is minimal, maybe enough to buy it but not for the cost of operating it again so that it runs smoothly again, there is a possibility that if this happens, they will take out a large loan from the bank.
In addition, lower middle class people seem to think more about themselves, they have to survive, meaning they don't think too much about the long term, just meeting daily needs is good. So when they are going to spend a lot of money, it will be a burden on their minds that must be considered very well.

The poor and low middle class people don't even have money to purchase the bankrupt company lol.

Before bankrupt, the company must have been suffering financial crisis and other people already know that because they're required to share their financial report. In this case, usually the big competitors will offer them to buy or acquire their company, what make the business getting bigger is acquire your competitors.

That's why the rich stay rich and poor stay poor.

I don't fully understand what you're saying, but what I noticed after reading it is that poor or lower middle class people can get rich instantly by buying a rich person's company that has gone bankrupt and can't pay its workers, if that's the case I don't think everyone will sell their company when it goes bankrupt, especially if the company has previously grown big, a wise person when facing a problem doesn't give up but they will find a way out, maybe like looking for an investor.
In addition, there may be people who are desperate and want to sell their company immediately when they are in trouble but not everyone is like that, especially those who have started from the beginning I don't think they will do something like this because they themselves have struggled from the beginning so they will likely find solutions and take advantage of existing opportunities.

Took me 5 times reading before I understand completely. Here is a summary of what he is trying to say; if you have cash on your hand, then you can get rich in the upcoming days, if you don't then you can bankrupt. What he means, we will have liquidity problems, sure money is online, but everyone is invested somewhere or have debts and what not, not everyone have cash liquid at hand ready to spend on things, everyone has debts and investments.

So, if liquidity becomes a problem and OP thinks it will be, then even if you are poor, like lets say only have 10k cash in your hand, people with millions of dollars in investment will be in trouble when you won't be. Obviously the gap may not be that drastic, but someone with cash on hand, will get richer, while people who don't have cash, could bankrupt even if they are rich.

Maybe he thinks that rich is already rich, so they can only get poor this time. Same goes with the poor. They are already poor, so they will only get rich this time. Both parties will find it hard to adjust but for those rich who care less, it is only easy. They will only spend their money recklessly.

Yeah, the OP is wrong because it is actually like that. Rich can get more rich while the poor can become more poor. This is because rich do already have the boost. They have the capital (huge amount of money) that they can use to build more money. Poor people can only make small amount of money and they still need to prioritize other things than investing and things that will generate them a profit.

Rich are good in controlling their wealth and that is why they became rich. I'm not saying poor can't do that. It is not the reason on why they are poor but they usually inherit it. A lack of money can indeed lead for so many disadvantages but poor must have a trait that a rich person doesn't have. I don't mean negative traits here. A rich person can still wish that they have that and it is even crazy that they can wish that will only be poor, though it is not necessary and they still can have those traits even with the current status they have.

Hey did you by any way involved yourself to hard drugs?
Because I seems not to understand your logics and sense of reasoning, how will the rich becomes poor if there is economy crisis?
To me the only thing possible is that the both will highly affected and more especially the poor because they won't have a sufficient cash or resources to sustain themselves unlike the rich people who have all necessary amount of money stored in their account, so even if there is any crisis or liquidity issues as you said they won't be affected.
And how will the poor buying more companies if they don't have money stored in their account, how would the poor becoming more richer than the rich people in the scenario?

There's a saying that, "we use money to source for more money. " That's to say, if there's liquidity crises like you said, it's not the poor that will get rich but rather some person that have the financial capabilities to buy back the shares or assets will become richer than they were. For example, let's say a poor man is worth $3k and if the price of an asset get undervalued from $20k to $8k, the man that has $3k can not still be able to afford it but rather those that has the financial status can afford it.

I think there's the wrong use of words and configuring it; rich people always have a way to stay rich and become richer. The word poor can only happen if the government confiscates the properties of the rich or he is addicted to gambling, and based on your story, rich people have a way to survive even if their businesses go bankrupt, and they always have a way to get back on their feet.
The poor can be rich on the title of your thread; of course they can always be if there is a good opportunity and they take it and explore.

I know during economy crisis is when everyone struggles to meet up , but the truth is that despite how things maybe when the economy is very hard, the rich people even have more chances of scaling through in this hard time. In economy hard time the rich people invest more because they gave the money to go into investment,  it is even the poor people that finds it very difficult to sustain their investment because of difficult economy. I don't think hard economy will totally collapse the investment of the rich. The rich already have that opportunity to build no matter how difficult the economy is.

If you can be so sure that this happens then what percentage of the crisis will hit big companies and make small businesses fine. I don't have a source that can convince you because it is precisely in the current economic conditions that big companies can survive because they have sufficient structure and resources.

Small businesses should be more affected because in today's economy they are not adaptable and the lack of purchasing power makes it very difficult for them to survive in small and medium business development. Unlike large companies even though the economy is not good they are prepared to survive because they already run a business that is larger in scope further.

Maybe you mean people who have just got rich or are not so rich because people who have got more wealth can survive in conditions like you are talking about.

The rich in that sector cannot become poor because they are not sustained by that company alone. They have other businesses, other companies they invested in, and they also have assets too which they can rely on when times like this. Before someone can call himself rich then he ought to have multiple streams of income. If one fails, the other will continue.

One thing I have learned from the wealthy ones is the ability to grow speedily when they get a little breakdown in their business. They have already built their mindset in a way that they can attract wealth from any angle. When the mindset is rich, one is already rich. Because the ability to control wealth can only be done by those who have the wealthy mindset.

Is that your interpretation of the poor to overtake the rich?, actually is very difficult for you to see any company having such issues of resulting them to sell everything on a cheaper rate, however what normally happens at times is that if a company is having a lot of problems most people who are not certain about the growth will decide to sell their shares but that doesn't mean that the company will fold, however even if we should agreed on your perception don't you think that even if the company decides to sell everything the poor whom you think will buy off everything from them will not even afford to buy it because it would worth a fortune, so is still the rich that can afford it.

Let's look at the facts, the rich have become richer in recent years.
As long as they control their wealth, they will never become poor in this system.
The poor will need a great chance to become rich, they will not be able to become rich easily. How can poor people become rich when they have so many disadvantages?
I have never seen anything like this in my local area. It is the same in the Global World.

You can add comments on how businesses or individuals with liquid money can use a cash shortage for their advantage. You can add that during the financial crunch of old People who are able to invest at cheap prices whether in equities real estate or small businesses Huge returns are always gotten when the economy is coming back to life.

It is also important to consider that while cash may provide an opportunity in such cases, stability, management and prudence are essential. Small businesses can weather difficult times more successfully by focusing on local needs or essential services that remain in demand even in difficult economic times. This could start a conversation about how people can creatively use their wealth to endure and possibly even profit from the financial crisis without betting on high-risk ventures. Raising this perspective may require caution for others. But it is open to indefinite opportunities. It offers creative solutions to what could be a testament to changing economic times.


Your perspective brings important insights into the challenges many face. People face when trying to manage their finances Often wealth begets more wealth. This is because those with more wealth are able to realize their value through investments. business acquisition Or even in simple situations like getting a lower interest rate. This is often in the hands of low interest rates. Unequal discrimination can make it appear as if only a small percentage of people have the means or opportunity to radically change their social status.

So it's not surprising that some are frustrated when they see that sharing of resources is not only income-based. It also gives an opportunity to share what's sometimes unattainable. No one can deny that breaking out of this vicious cycle is quite hard to do. Still, one must explore what kinds of support systems are in place. Accessible financial education, and even the way that community initiatives make a difference. As pointed out A small business can serve as a starting point for some. This is due to the fact that they play a very important role in the local economy. and therefore was able to provide employment and opportunities for the community in the 1990s.

I can't understand what you mean, but I can say the philosophy you put into the title is a big mistake. I often hear "the rich are getting richer and the poor are getting poorer", then I tried to do a survey on most of the people around my place of residence. And yes, the rich are living more luxuriously with wealth and the poor are finding it increasingly difficult to survive in the midst of an increasingly difficult economy. Rich people always look for ways to increase their wealth in their own way, while poor people are always trapped in disadvantageous situations, even though they can change their social status, the number is very small.

Wealthy people know how to protect their assets. Mainly because they can afford financial advisors. But not all rich people are vulnerable to getting poor. They wouldn’t be rich if they didn’t knew any better, would they? Rich people are not only rich in money but also in connections and opportunities which certainly help in ensuring their wealth do not perish.
Sometimes though no matter how motivated a poor person is, their work is just not enough to get them out of poverty. They can work how many jobs a day but it still won’t be able to compete with the rich people. It’s a sad reality.