Topic: Invest on your dependants if you too must grow further - page 5. (Read 1497 times)

No matter how rich you claim to be and how supportive you try to be, investing on your circle is the best way to go about sustainable living. This topic is more relevant in today's world of economic uncertainties, where you can be rich but still needs external supports or sources to thrive in the business arena. Having friends who can always stand in as a support system and assets is better than accommodating liabilities.

Although, for truth to be said, you need to have the financial or intellectual capacity to be able to invest in friends first, then, you also need reasonable friends who are interested and ready to tap into the opportunities available to them.

you are right because if you only you is one that is sponsoring your group based on your have money it is obvious that the money you have will not successfy you and they will not solve your problems your need so that is why you have to empower people that is around you in another way they can be able to earn their own personal money without depending on you so when you have done that you have liberated yourself from much expenses from other aspects money that one particular person have is a personal money.

I get your point. The issue you raised presupposes that in a family where only one person is rich, that family is poor. To help oneself become financially stable, one has to better the lot of one's dependants by teaching them how to fish by themselves and not throw fish at them. As Africans, we live communally by the extended family structure and that makes it difficult not to have dependants. We can't escape that. However, wisdom is profitable to direct on how to lift them out of penury without distabilizing one's finances.

Things as such topic can only be important in an African society or other third world countries where government doesn't provide amenities or equal opportunities for all. Economic hardship in Africa society is only felt in poor homes and people who are not connected to the government but in more developed countries, the government provides enabling environment for every one not just for the few oligarchy controlling the affairs and resources of the country.

So are you saying that having to be able to "optimize" your financial growth is the solution to having no problems with financials? Like how you are going to be able to do it with optimization? The reduction of expenses and having a larger income? It's not much of the subject that you are talking about and "invest" is not the right word. Maybe it's better if it's "saving".

True, everything always depends on how serious you are in dedicating yourself to struggle tirelessly, because on the other hand I think we have often heard about people who want to achieve success in their lives but their dreams are not accompanied by an action then obviously it is nothing more than just empty, And usually I often hear that people want to achieve success when they hear or see other people, especially people around them who have achieved success, and it really seems to motivate them but however motivated you are by the success of others if for example you only "say or dream" without being accompanied by any action then obviously it is nothing more than a hallucination.

However everything must start with thinking and acting, and I understand that there may be people who are less fortunate where they have a more difficult situation such as being in a poor life situation, but actually success does not see what your life situation is, the proof we can see is that there are quite a lot of successful people who were born poor, and what distinguishes them is that they have unusual intentions and seriousness along with having a personality that never gives up and is always willing to work hard, and you have said the right thing above and maybe the last thing from me is someone who has great potential to achieve success is those who can always look for and utilize all opportunities to the maximum.

Teach them skills first so they can enhance and develop it, until it makes them as their source of income. From there, they can make a stable earnings until they become capable to start their own investments that they are highly knowledgeable to. So you are teaching them to finally stand on their own, and won’t starve to death anymore because they are already earning quite well.

For me, that’s the best way to help. Don’t just give them fish to eat, but let them learn how to catch fish first.

You are not compelled to help everybody, neither can you successfully set up everyone around you, that's basically impossible, like i have said earlier, if you take up too many burden, it will be counterproductive and affect your own financial life and stability.

Mind you that you cannot make someone rich by giving them your own money, you can only teach them how to make money and direct them to finance books that would help them boost their financial knowledge, if you give them money when they have no financial knowledge, they'd keep coming back until they drag you into financial problems.

Who is serious, he will succeed, to achieve that is also full of struggle and patience because there are those who are born from parents who are not rich or poor, so the concept of life is to do a job to the maximum extent possible because without a struggle then it is impossible to become rich or successful. After that, take every trust that people give you, never betray other people. Once successful, continue to carry out new mapping and make long-term plans, namely taking advantage of opportunities

That is nonsense, with everyone of course must want success in his life and if they want success of course there must be effort and even sacrifice to be successful, but if they want to be rich but no effort it will never happen. It is the same with my friend where he always says he wants a change for the better in the future but he himself has no movement that shows progress or effort, I don't know what is in his mind why he wants success but no effort is made.

Those who want to be rich without any effort I think they need to be told that it will not happen magically. Although everyone has a portion of luck, it is not entirely going to give a big positive thing. Of course, whatever you want there must be effort first.

this exactly what giving back to the community that make us grow means, contributing back for the sake of making the living of those around us better.
but the question is, how difficult it will be to be realized, giving fish is easier than teaching how to fish arguably, even more apparent when we are talking about improving the living of people around us
through elevating the income, even so its not only limited to income that we need to teach people about improving their life there are many thing that could contribute to the betterment of the lives of people.
though sometime people are so selfish that they can only think for themselves, I don't blame them though, sometime the environment that we're growing in really affect our mindset growing up.
but giving back to community, teaching how to fish instead of giving the fish so that we won't get burdened by helping as well as making people create their own opportunity is essential for us to grow as stated by many.

For what I can see around me, a great deal of people want to achieve the success you can see in movies and TV, but they want to make no effort at all to fulfill their goals.

In a way they just hope that somehow everything aligns for them to become rich with no effort on their part, and this is not possible, that being said there are many people which are willing to work hard to reach their dreams, but they have no idea how to do this, and it is those people the ones that can be helped by offering some guidance and then let them figure out the rest on their own.

Many of those that are unable now needs some helping hand. If you as a person believes about that there's no man is an island then you'd also believe that every person that are on their down times need some extra help that will pull them up so that they can stand on their own. I know that this isn't applicable at all times because there are cases that those that have been helped are not grateful and even wasted the opportunity of help that should be a life changing action for them. But it's true, when you teach someone how to fish and be skilled for employment or livelihood, if they will hone that then it is gonna be a lifechanging opportunity for them.

It's as simple as that. You revealed what'd be best and productive to him as you exposed him out to the field where he can actually be nortured and certified to self reliance of making incomes of his own instead of coming to you on basis asking for your assistance.
Even, those little demanding assistance from him can cause distractions to your pursues but if you can get him settled and focused to himself to a source of providing for himself, of course that'd enable you too to focus more undistractedly towards your goals.

The saying you said has also taught many people that everyone needs to be given the opportunity to work so they can experience how to make money in their own life. Because if a person who depends on other people is immediately given money without being told how to make money, of course one day he will also complain again and depend on other people so that he will never find change in his life except just continuing to depend on other people. So, the important point here is to give them something they can do so that they can expect good results, like the fishing rod you mentioned in the proverb.

All what you’ve explained in your post is correct and that’s just the reality of it that we should all be aware of. Building your circle and not just your dependents can lead to reduced dependency on you. It is only when your circle is rich that you can also feel rich to enjoy the luxury of riches with your friends. This is only peculiar to those that care and would love to share but for those that don’t, they won’t care and would the life they desire. Financial stability and freedom of finance is achieved when no one depends on you and have built your circle to be like you also.

Rightly said and as the saying goes teach me how to fish and not give me fish if one is to attain the level of financial stability there is a great need to empower those looking up to you so the financial burden can be reduced on your part. You need to support those always depending on you so that they too can support others in the chain

Society only grows great while old men plant trees under whose shade they will never sit.  I forget who said that exactly but I never forget the words because they are absolutely correct.   That's an ironic thing about a rich society, it only really continues to be so while investing in those who are born with nothing.   That goes beyond families it has to be reflected in government, the monetary system everything really.

Better if it works like that but you forgot there are people who throw stones at a bearing tree, so that its fruits will fall to them. Let's also hope that those who follow what they think are successful won't get scammed because there are scammers who are like this. They like to mislead people for their own gains. I still think that you don't need to be successful first in order for you to convince the people.

Sometimes what you only need is a good social skills and on how to sales talk properly. Since we are not yet successful, we don't have proofs yet but we can always use the proof of other people. It must be fine because our intention is still clean.

African culture places some responsibility on wealthy family members to take care of those who are less privileged. The society frowns at individualism because the culture promotes communal living. Depending on the age of the dependants you can assist dependants in some ways. Paying for their school fees, supporting them in business, and recommending relevant skills and Investment platforms, are some areas one could help them become financially independent. 

The problem with some dependants is that they don't want to become independent. They always want to receive assistance from people but they don't put any effort into making money and meeting their needs. A family friend has been given assistance several times for him to take responsibility but he ended up misusing all the funds that was given to him severally to start a business.