If you rich you will be poor If you poor you can be rich

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: Promocodeudo on November 26, 2024, 10:05:07 AM

a rich man that understands what it means to be poor will never be reckless in his spending and I think he won't be ready to go broke so with this mindset, he will keep doing everything possible to keep increasing his wealth, though there are rich individuals that are very reckless in their financial decisions, they aren't wise enough to understand that once you have money, you have to make ways to keep making the wealth last, I somuch understand the op but those are just for rich people who are not economically inclined, as for the gambling aspect, many rich people are into gambling but they are very wise to the extent that, they only gamble with they feel thats for pleasure to them and also they don't see it as financial recklessness.
Sometimes a rich man going bankrupt is not their fault because most times they invest in some stuffs not knowing that such will not be profitable to them at the end, so for me some of these mistakes happens unintentionally.
The poor can only be rich if they have a smart mindset and stop belittling their ability of becoming rich by desisting from despising a little begining.

Rich man going broke is a lot more common than poor man becoming rich. Most of the time it's rich man going richer, and poor man going poorer, the amount of rich man going broke is not that common neither, but it's certainly higher than poor man going rich. Having nearly zero, or nearly nothing and having millions of dollars after a while is not that common and causes a lot of trouble, I believe we need to do much better, it's going to be something tough for the long term and most people do not have that kind of return at all.

We need to focus on just ourselves and doing better, if you are richer this year than last year that's fine, and that's all you should aim for. Having every year of your life, richer than your last year. Also provide a good life for your kids, they should start better than how you started, if you can do that then you are going to be providing more, doesn't have to be millions, just make sure they have a better life than what you lived, that's it.

Promocodeudo

sr. member

Activity: 434

Merit: 254

DAKE.GG - CASINO AND SLOTS | UP TO 230% BONUS

Quote from: Nothingtodo on October 28, 2024, 06:42:37 PM

Those who are rich and can use wealth properly and balance expenditure with income will never be poor. But it is different for those rich people who cannot use their wealth properly, lose money in gambling or other sectors and become bankrupt.
Yes but poor people can definitely become rich if they are disciplined, hardworking and enterprising enough. Hard work takes any person to the pinnacle of progress.

That's the truth, a rich man that understands what it means to be poor will never be reckless in his spending and I think he won't be ready to go broke so with this mindset, he will keep doing everything possible to keep increasing his wealth, though there are rich individuals that are very reckless in their financial decisions, they aren't wise enough to understand that once you have money, you have to make ways to keep making the wealth last, I somuch understand the op but those are just for rich people who are not economically inclined, as for the gambling aspect, many rich people are into gambling but they are very wise to the extent that, they only gamble with they feel thats for pleasure to them and also they don't see it as financial recklessness.
Sometimes a rich man going bankrupt is not their fault because most times they invest in some stuffs not knowing that such will not be profitable to them at the end, so for me some of these mistakes happens unintentionally.
The poor can only be rich if they have a smart mindset and stop belittling their ability of becoming rich by desisting from despising a little begining.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: ginsan on November 10, 2024, 12:12:20 PM

Although the will is great and there will always be a way but in fact life is not that easy let alone trying to change the fate that has been determined from the beginning.

Some of them do end up changing their fate but this depends on a lot of things. The resources they get, the willpower they have and the opportunities they seize all make or break the situation they are in. Poor people will have to work hard to become rich and rich people have to work hard to maintain their rich status.

It is not that poor always become rich and rich always become poor. Many of the rich families have been able to maintain their status over years on their generational wealth.

Bitcoin is definitely a part of this entire process, current generations should strive to keep some part of their wealth in bitcoin for their future.

danadc

sr. member

Activity: 1092

Merit: 342

Hire Bitcointalk Camp. Manager @ r7promotions.com

The crises that arise can help us see opportunities that open up , but many do not see them because it is difficult to see them, to find them. In a small company, if there is a crisis, the probability of bankruptcy is much greater than the probability of a large company fallin g, because a large company has better and more suppliers, has more money and therefore has more liquidity.

A person who is rich has to stay rich, has to move his money all the time with business, with investments, if he becomes poor he has to become rich again because he already knows how to do it, a poor person is responsible if he decides to remain poor in his life, that is what work is for, entrepreneurship to reach a good economic situation.

ginsan

hero member

Activity: 1358

Merit: 627

Quote from: justdimin on November 05, 2024, 01:09:22 AM

Poor people ending up working hard and waiting for it long term, they will face stuff that will not be all that complicated and we should be able to see a better return without a doubt. I think the best way to move forward with it would be just arranging a situation where things will be simpler.

For those born into poor families, changing destiny is not as easy as imagined because in the end, if they plan for it, they will definitely put in extra effort even several times more than people whose lives have been guaranteed from the start.

So that by seeing that sometimes they try to be more introspective and try according to their portion, it seems that they don't want to change their fate but on the other hand they realize that in the end trying to change their fate in their condition without any relationship, without any strength and only capitalizing on intention and determination is clearly a challenge in itself so that many poor people give up halfway and only try to do their best for their lives tomorrow because they are helpless with pressure if they want to try to get off track to be better for their future. Although the will is great and there will always be a way but in fact life is not that easy let alone trying to change the fate that has been determined from the beginning.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: bettercrypto on November 02, 2024, 12:16:14 PM

What I know is that there are rich people who suffered because of the trials that went through their lives and eventually recovered and returned to being rich and even richer.
Because I have read proverbs that the rich will get richer and the poor will get poorer.

So that means there are poor people who worked hard in life and became rich, and when they got rich they got even richer. There are also people who suddenly became rich because they hit the jackpot in the lottery or in gambling, then in a short period of time because they were careless about their wealth won the lottery, then it became difficult again because they didn't become wise in handling wealth or money.

That is definitely true for a lot of rich people, not every rich person became rich on their first ever try, there are some that failed many times before they ended up being great, which is why we should not be really expecting much from every single rich person we see, sometimes it ends up being different kind of story. And not all poor people are lazy people in any means, some worked hard, but failed and that is why they are poor and that is understandable as well, it does happen sometimes. We can always do everything in comparison and that is why we cannot always assume safely what we are going to be.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

Quote from: alastantiger on November 10, 2024, 08:26:52 AM

Quote from: fullhdpixel on November 06, 2024, 02:10:40 PM

Probability and possibility isn't the same. The possibility of a very rich person becoming poor is real, of course it's real, you can get poorer, but probability is lower. How many people in the world had a 1+ billion dollars networth, and became poor? Like ended up with under 1 million dollars networth by their death? I can tell you that not a lot, so that means if you are rich enough, you will never be "poor", you could be less rich, but never poor.

Before anyone can get rich, he would have planned his life to that point apart from people that win the lottery or got some quick money through scamming or other illegal ways. The ones that merit the wealth had a plan that they followed and the plan will involve having different investments that they got through diversification. With diversification, they can't go broke that quickly, they might lose some amount of money but they'll be able to recover with the other business or investment that they own. The possibility of a poor man getting rich should be higher than the possibility of a rich man going broke. The rich have well planned life and will not take risk that can make them lose all their wealth. Any rich man that lost everything out of no where would be lying and only filing for bankruptcy as cover up, in trying to avoid the federal government investigation into their wealth.

If we're just talking about probability then for sure there is a tendency for a rich man to become poor especially if he will be using his wealth to things that won't generate money or to extend it. No amount of money is enough if your lifestyle is just continuously increasing because eventually everything will be consumed or outnumbered by your expenses. Point of view is respected but I think rich people are least likely to be poor atleast in most instances. As you've mentioned their lives are already planned and supported by generational wealth and that means it won't revolve solely with business but also assets that increases its value in the long run which will help them sustain their wealth or slow down their transition to poverty.

On the other hand, not all hard working poor individuals are succeeding in real life. Check on most of the farmers (except for farm owners); we can't deny that they're really working hard to make a living. Even if their children finishes studying, that won't guarantee wealth. Wealth doesn't only mean you can buy the things that you want. You could live a better life through hardwork and perseverance but wealth is on another level (yes we do have our own definition of wealth but atleast in this context).

alastantiger

sr. member

Activity: 574

Merit: 310

Quote from: fullhdpixel on November 06, 2024, 02:10:40 PM

Probability and possibility isn't the same. The possibility of a very rich person becoming poor is real, of course it's real, you can get poorer, but probability is lower. How many people in the world had a 1+ billion dollars networth, and became poor? Like ended up with under 1 million dollars networth by their death? I can tell you that not a lot, so that means if you are rich enough, you will never be "poor", you could be less rich, but never poor.

Before anyone can get rich, he would have planned his life to that point apart from people that win the lottery or got some quick money through scamming or other illegal ways. The ones that merit the wealth had a plan that they followed and the plan will involve having different investments that they got through diversification. With diversification, they can't go broke that quickly, they might lose some amount of money but they'll be able to recover with the other business or investment that they own. The possibility of a poor man getting rich should be higher than the possibility of a rich man going broke. The rich have well planned life and will not take risk that can make them lose all their wealth. Any rich man that lost everything out of no where would be lying and only filing for bankruptcy as cover up, in trying to avoid the federal government investigation into their wealth.

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Recovering from bankruptcy is easier for rich people, they have what it takes to do it. Not that all of them does it, some just go from rich to poor and stay there. But, there are plenty of people who went from rich to poor to back to rich.

Usually when you are rich, there are too many banks giving you credit line, and too many companies giving you time, so you end up recovering faster, even when you should be bankrupting, that would be bad for business for plenty of people, so they end up giving you more time and chances to recover and fix your business, which works for many people.

I believe this is going to be the best case situation and I do not think that it will change much in the end neither. We need to just recover as best as we possibly could. Finding what we have isn't easy and things do take a while to recover in that case, so having a harder time isn't always that great, and we need to figure out how to get better results as poor people because there are no people around to help us like that.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: pusaka on November 06, 2024, 09:35:50 AM

Quote from: lizarder on November 05, 2024, 09:12:40 AM

Those who are rich have a greater opportunity to increase their wealth and that is real in today's life. Rich people like to see opportunities and they understand the level of intelligence in making money, although sometimes they do negative things that most people understand are the wrong way. But when talking about making money, no one considers negative or positive because they are pursuing wealth.

Yes, I think I can't say it's wrong, because in reality we have also seen many rich people getting richer. But what I mean in the context where the op said something that was only seen from one angle, also did not provide a view from another angle so I just complemented what had been said.
What I mean by saying the good side and the bad side is to see from 2 points of view or 2 possibilities that occur, it could be better or vice versa. It's just that I didn't discuss it in more detail in the previous post.

Probability and possibility isn't the same. The possibility of a very rich person becoming poor is real, of course it's real, you can get poorer, but probability is lower. How many people in the world had a 1+ billion dollars networth, and became poor? Like ended up with under 1 million dollars networth by their death? I can tell you that not a lot, so that means if you are rich enough, you will never be "poor", you could be less rich, but never poor.

This is why I think we should be looking into this as something that will take a while and we can't really ignore any of these. I believe that we are going to see this thing changing for the long term and because of that we can't make that much profit with what we have at the moment.

pusaka

hero member

Activity: 1064

Merit: 589

Quote from: lizarder on November 05, 2024, 09:12:40 AM

Quote from: pusaka on November 04, 2024, 11:07:04 AM

It seems like this is just incomplete, such as for example rich people will continue to increase their words or can become poor, and poor people will continue to be poor, but they have the opportunity to become rich. Well, maybe we can accept that more, because there are 2 opportunities that can happen, the first is the good side and the second is the bad side.

Those who are rich have a greater opportunity to increase their wealth and that is real in today's life. Rich people like to see opportunities and they understand the level of intelligence in making money, although sometimes they do negative things that most people understand are the wrong way. But when talking about making money, no one considers negative or positive because they are pursuing wealth.

Yes, I think I can't say it's wrong, because in reality we have also seen many rich people getting richer. But what I mean in the context where the op said something that was only seen from one angle, also did not provide a view from another angle so I just complemented what had been said.
What I mean by saying the good side and the bad side is to see from 2 points of view or 2 possibilities that occur, it could be better or vice versa. It's just that I didn't discuss it in more detail in the previous post.

Quote from: lizarder on November 05, 2024, 09:12:40 AM

Quote from: pusaka on November 04, 2024, 11:07:04 AM

I also have the same opinion as you, that many rich people are also getting richer, they can easily get additional wealth because their capital is very supportive. However, those who become poor because they cannot manage it very well so that it makes them have to fall from the wealth they have.

The most important thing is not to go against the applicable law, so whether people think negatively or not is another matter. While poor people do not have the opportunity to make more money because they are limited in capital and experience in making more money. That is why it is important to have capital and experience in creating financial freedom to be better and rich people have everything they need.

That's where the problem lies, the poor cannot freely do what they plan, because they have limitations. Sometimes having an idea is not enough if we have capital, it requires other ways to execute it, for example offering a collaboration idea to someone who has capital. However, it will also take a long time, because other people will not be immediately tempted, they must have skills in communicating and also presenting the ideas that will be offered. On the other hand, people who have capital will be freer even though they do not have an idea, because they can imitate and modify ideas from other people or businesses that they see in the field. It is true when someone says that rich people have many privileges.

lizarder

hero member

Activity: 1722

Merit: 895

Quote from: pusaka on November 04, 2024, 11:07:04 AM

It seems like this is just incomplete, such as for example rich people will continue to increase their words or can become poor, and poor people will continue to be poor, but they have the opportunity to become rich. Well, maybe we can accept that more, because there are 2 opportunities that can happen, the first is the good side and the second is the bad side.

Those who are rich have a greater opportunity to increase their wealth and that is real in today's life. Rich people like to see opportunities and they understand the level of intelligence in making money, although sometimes they do negative things that most people understand are the wrong way. But when talking about making money, no one considers negative or positive because they are pursuing wealth.

Quote from: pusaka on November 04, 2024, 11:07:04 AM

I also have the same opinion as you, that many rich people are also getting richer, they can easily get additional wealth because their capital is very supportive. However, those who become poor because they cannot manage it very well so that it makes them have to fall from the wealth they have.

The most important thing is not to go against the applicable law, so whether people think negatively or not is another matter. While poor people do not have the opportunity to make more money because they are limited in capital and experience in making more money. That is why it is important to have capital and experience in creating financial freedom to be better and rich people have everything they need.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: jcojci on November 04, 2024, 05:22:33 AM

Quote from: CK485 on November 02, 2024, 06:38:11 AM

It is true that many ideas must be thought of in developing a business, in all conditions it is necessary to adjust according to the circumstances, that is how to survive in a business that is built in economic uncertainty, yes it is difficult but poor people it may be even more difficult to survive in conditions like this even though there is hard work that they do.

So that those people who are involved in a business must have creativity to manage their business. They must find out how to survive for ther business in any circumstances so when they can have many ideas for their business and do that one by one, they will not face a problem. They will have more chances to grow their business and slowly they will see how good the result from what they do. They don't have to feels that is difficult because that will depends on how they can react with the current situation so they can still runs their business. When poor people can do many things that they can, they will have a chance to have a better life and will not face a financial problem. They will have more opportunities to earn money so if they consistent and serious with what they do, they will make more money which can help them to have a better life.

Poor people ending up working hard and waiting for it long term, they will face stuff that will not be all that complicated and we should be able to see a better return without a doubt. I think the best way to move forward with it would be just arranging a situation where things will be simpler.

I believe the best thing to do would be just focusing on how you could grow and if you could keep growing then you are going to end up with a good return without a doubt. I know that this is a tough thing because it takes a lot of effort and time, but you can do it. Not everyone starts a business and profits right away, and when you tell someone "you will spend 2 hours a day, everyday, for 2 years, and in return you will either make money or not" then people won't do it.

MRY

full member

Activity: 560

Merit: 109

Quote from: pusaka on November 04, 2024, 11:07:04 AM

Quote from: LDL on November 04, 2024, 08:26:23 AM

I can't fully agree with that because it doesn't make sense that rich people would be poor. This does not apply to all rich people because there are famous rich people in the world who are constantly changing their status by taking new initiatives. If you imagine Warren Buffett and he is so thrifty even at this age that he does not spend money unnecessarily then he is unlikely to ever be a poor man in his later years. But there are many rich people who are extravagance and gambling types who can turn from rich to poor just because of reckless spending, despite being billionaires or millionaires. In other words, it will not take much time to become poor even if the people who are reckless and unaccountable do not spend according to their income.

It seems like this is just incomplete, such as for example rich people will continue to increase their words or can become poor, and poor people will continue to be poor, but they have the opportunity to become rich. Well, maybe we can accept that more, because there are 2 opportunities that can happen, the first is the good side and the second is the bad side. I also have the same opinion as you, that many rich people are also getting richer, they can easily get additional wealth because their capital is very supportive. However, those who become poor because they cannot manage it very well so that it makes them have to fall from the wealth they have.

Of course, life provides different opportunities, and the position of a man may be different in the different period of his life. The high net worth individuals understand the drill of accumulating wealth easier given their financial might; however, they wouldn’t know the reverse if they cannot handle wealth.

The same way the poor dwells in poverty they can also work hard and transform their fortune and the available opportunities offer. In conditions that have been described above they observe that fate can turn for better or worse depending of how one manages the means at his or her disposal.

With this understanding we can afford to appreciate the efforts that is being made in order to continue the development with either large or small capital. We must always keep opportunities because they are always available; we always need to ensure that they are properly managed so that they may continue to perform well in the future.

pusaka

hero member

Activity: 1064

Merit: 589

Quote from: LDL on November 04, 2024, 08:26:23 AM

I can't fully agree with that because it doesn't make sense that rich people would be poor. This does not apply to all rich people because there are famous rich people in the world who are constantly changing their status by taking new initiatives. If you imagine Warren Buffett and he is so thrifty even at this age that he does not spend money unnecessarily then he is unlikely to ever be a poor man in his later years. But there are many rich people who are extravagance and gambling types who can turn from rich to poor just because of reckless spending, despite being billionaires or millionaires. In other words, it will not take much time to become poor even if the people who are reckless and unaccountable do not spend according to their income.

It seems like this is just incomplete, such as for example rich people will continue to increase their words or can become poor, and poor people will continue to be poor, but they have the opportunity to become rich. Well, maybe we can accept that more, because there are 2 opportunities that can happen, the first is the good side and the second is the bad side. I also have the same opinion as you, that many rich people are also getting richer, they can easily get additional wealth because their capital is very supportive. However, those who become poor because they cannot manage it very well so that it makes them have to fall from the wealth they have.

Wonder Work

full member

Activity: 28

Merit: 7

Memory of o_e_l_e_o

Brother, I was a little shocked after seeing the subject of your post, but what you said may be because I was watching a video a long time ago. Later born live more luxurious life after their luxurious life their next generation will become poor again this cycle will continue like this but in present time what is seen but rich people are getting richer poor people are constantly struggling with the economy well Couldn't do anything.

Rich people are using their wealth to become more and more luxuries, but as economic jobs are progressing, ordinary middle class people are struggling to run their families where they can dream of becoming rich.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Loss of liquidity is bad for businesses in general, I don't understand why the op seems to suggest it's less of an issue for small businesses. When a crisis hits, those already most vulnerable tend to suffer the most because their situation was already fragile and now becomes urgent. A small business barely making any profit would find itself at a risk of closing, while a big one is more likely to have a safety net that can help weather a storm.
Also, if your business is very big, you're likely to have enough connections and to be perceived as important enough that you might get bailed out by the government. Or at least get some kind of financial aid because you falling down would mean the economy getting even worse.

Egii Nna

full member

Activity: 448

Merit: 202

Quote from: Mrbuck on October 28, 2024, 09:10:12 AM

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

But If you are rich you lose ofc If you like super rich you don't lose but If you are just average company for example construction company you will go bankcrupty and you might own the debt.
So those who got cash waiting now when bigger things fall so they can buy them up.

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.

One thing that you still don't understand about the rich is one simple thing: the rich will always get richer and the poor will still get poorer because the rich have the capital already and the poor have not. So even if there is liquidity in the economy and there is a downfall in other big businesses, the poor will never have that money to buy such businesses, but the same rich people that will still buy them. So don't deceive yourself. The economy is not a miracle that all the rich will get broke and all the poor will have the money; it won't ever be like that, so if you will forget about your imagination and focus more on yourself to get more money in the future.

LDL

hero member

Activity: 742

Merit: 671

I can't fully agree with that because it doesn't make sense that rich people would be poor. This does not apply to all rich people because there are famous rich people in the world who are constantly changing their status by taking new initiatives. If you imagine Warren Buffett and he is so thrifty even at this age that he does not spend money unnecessarily then he is unlikely to ever be a poor man in his later years. But there are many rich people who are extravagance and gambling types who can turn from rich to poor just because of reckless spending, despite being billionaires or millionaires. In other words, it will not take much time to become poor even if the people who are reckless and unaccountable do not spend according to their income.

Zoomic

sr. member

Activity: 630

Merit: 277

Quote from: Mrbuck on October 28, 2024, 09:10:12 AM

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Your ideologies about businesses during economic crisis is one-sided. If small businesses or the poor (as you call them) have that much capital to buy the big businesses when these big businesses go bankrupt, why didn't they invest that money in the expansion of their own business a long time ago? What exactly are the small business with low capital and low labour doing differently for them not to also feel the impact of the economic crisis that is already making big businesses go bankrupt.

During economic crisis, big businesses cannot be easily wiped off except it is a case of poor management or some natural disaster beyond their control. If everything goes that bad, they can opt for mergers with another big business or the business is acquired by another big business. Small businesses are not left out in the economic troubles too, they will also be struggling. It will be very rare for small businesses to be able to take over the businesses of the rich except they get lucky to go into a partnership with the big business.

Topic: If you rich you will be poor If you poor you can be rich (Read 791 times)