Topic: If you rich you will be poor If you poor you can be rich - page 4. (Read 791 times)

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.

It agrees with the fact that in the event of a liquidity crisis more pressure is placed on large companies; but at the same time, a liquidity crisis opens opportunities for those with sufficient cash. Whenever asset and business prices go low, then the opportunity is there for those of us who never were privileged to be investing in the expensive assets at lower rates. It is not just about acquiring such assets, but also about acquiring opportunities to increase value int he future. The crisis makes the economy more dynamic, and everything that has been accumulated inside turns to move in the market.

It also offers new business prospects for small or affiliated businesses that could have immense potential but for the impediment occasioned by their lack of capacity to counter large firms. amidst having capital to invest and assets crashing down the scale many will get the chance to diversify or start up new enterprises in their locality that could hardly be undertaken earlier. If so, the disparity between the rich and the poor shall decrease in the future although the poor may not feel the effect of a changing economy immediately, the eventual outcome is favorable for the society as a whole and for economic growth.

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.

Bigger companies that anticipate any sort of economic crisis and plan towards it will be able to absorb any shock that comes from an important change in economic activities. I think this is one characteristic that bigger companies should possess, which is the ability for them to adjust and readjust to economic challenges because big companies that cannot anticipate and adjust to the economic challenges will face bankruptcy and collapse. Maybe there should be a special department for it to help these big companies survive harsh economic downturns.

You can say that rich will be poor if they mismanage their finances like participating on activities that can cause heavy financial lose or encounter a massive problems.

But this situation doesn't occur to all since maybe there are rich people experiencing that but for sure lots of them can recover since they already know what things needed to do to get back in their feet.

While poor people will struggle to hit more riches. Although I agree that they have lots of chance to try everything they could to hit these status, but not everyone have this kind of mentality. Changing of status usually happen on movies and don't always caught up on fantasies since this situation rarely happens.

Poor people always aim to become rich so that they can live comfortably without money hassles. That's why they are willing to take such risks and do everything to get rich in the process even if it means working more, resting less. Some hardships may paid off and eventually get rich, while others stay poor because they always lack opportunities to change their status.

But for rich people, they have all the privileges to live a comfortable and good life so they won't let theirselves fall into being poor. Except for those lazy rich individuals who are fond of spending their money without working in return to gain more money, they have all the possibilities to become poor in the end.

"rich" people are just as bad at consumerism as poor people
"rich" are those with good fortune but they display that fortune with shiny things that impress others

however wealthy people are smarter and able to secure their fortune better than a rich person
a wealthy person doesnt spend their fortune to impress others, they dont play the game of consumerism

its the wealthy people that are less likely to go poor.. but a rich person can go poor

once you know the difference between rich and wealthy, you can then learn what wealthy people do that rich people dont.. and once you learned that you can hopefully secure your own fortunes to reduce  the rick of being poor during economic downturns

its the wealthy people that accumulate more wealth during economic downturns..

..
here is one prime example
when there is rumours of a inflation hike, a rich person would pre-empt the inflation by purchasing all their lifestyle needs pre inflation before the prices of goods increase. they hoard the latest tech and gadgets and devices and appliances they may need over the next few years, upgrade their car or other things.. (things that depreciate even in inflation times)
when there is economic turmoil, rich people will want the neighbours to see the rich guy is still rich, they do this by displaying more glamour things in the home/yard. things that depreciate but look/are expensive at first


however a wealthy person waits for the crash of the market and buys assets cheaper, knowing when the inflation happens they will see the assets value grow so they can sell higher

Human beings are naturally greedy and we do know that even into the moment that they had reached out that peak when it comes to success or financial status but still it wont really be something that will really be that making them stop there and wouldnt be aiming for more. Just like on what been said that people wont stop.

As long there would really be that an opportunity for them to dive in then they would really be that definitely be sticking into that. We do know that when it comes to contentment then people would be most likely be forgetting this thing because as long they do have that chance on making money then they would really be definitely be doing it without any doubt. There are really that those individuals that really that thriving for even
more despite of being already that too much.

Is there something we can do? None.. We do have our own goals and perspective in life on which on the moment or time that you are into it and currently experiencing that continous flow of income
or making money then there's no way that you would be considering on stopping.

No.

If you're rich, you can be poor, and then you can back become rich after few years. This is because you're already have a relation with rich people which can support you when you're at the bottom.

If you're poor, you can be rich, but it takes more effort, risk and sacrifice many thing. You're stopping to lend your money to your close friends, you're stopping to give all of your money to your parents etc in order to be rich. Many people can't do that, they don't mind to live with their toxic parents.

Do you mean liqui-titty crisis? what small business? lol

Jokes aside,

When a crisis happens, everyone will be impacted by it, some will go out of business, and some will survive. It's kinda similar to the super dry season in the wilderness. You can't say that lions have a better chance to survive, or antelope, etc. It's all interconnected with one another. Even if you're the supreme leader, there still is the risk of a coup or revolution.

Anyway, different from animals, humans have the ability to prepare in advance and utilize the crisis to their benefit. That's the key, but sadly, mostly rich people have this capability because of education and abundant resources.

Nah, I dont think that is the proper summary of things.

If a family is rich they have a equal chance of being able to increase their richs or become poor. Same goes with the poor families. It is how they use the current wealth and resource to build and scale their empires or increase their level of education and start new ventures.

There is no such things a "turning of tables" here. It's the poor man's wet dream until they run of the "wet" stuff.

I beg to disagree OP. Rich people will be more obsessed with their wealth and properties so they won’t waste opportunities to increase their wealth accumulation. That’s actually the fact. Same like poor people, or poor companies, they will do everything to level up and gain more financial achievements.

However, if we are talking people here that aren’t aggressive or obsessed about creating more financial stability and security, they will definitely lost their current status. Rich people will become the poor ones in less time, while poor people will become even poorer in the society.

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.