Topic: Poor and Rich - page 10. (Read 1556 times)

That makes no sense in a system where the poor make up 70% of the population and the rich make up 30%. There should be economic balance so that one group of people does not outnumber others. If the economy has a greater number of rich people, it will be very easy to lift the poor people out of poverty, not by completely removing them from poverty, but by enabling them to have a standard of living without suffering, they can do their farming and agriculture with ease and support the economy as well, just like farming has been mechanised, the government can do that for them and they can adapt quickly, that is how poverty is eradicated from the country.

It's so because the rich will always have available resources to indulge in whatever business or venture that brings further profit. They utilize any given opportunity they get to make more money while the poor is often held back by fear and lack bedeviling them.

No one was born rich. Though they can be born into wealthy or rich families, they aren't rich themselves. All men are born bearing nothing into this world.

I've continually maintained that the only difference between a poor person and a rich person is the decision they make or take. Opportunities are presented to both but how they choose to react to these opportunities will be up to them and where the opportunities eventually lead them. For instance, there were so many people I talked to about Bitcoin but just a very minute few took that decision of investing in it. Of course, they're better off with that decision today than if they didn't follow it up.

Because of debt, and how each of these people see it. Rich people sees and uses debt as an asset. They use it to invest more, to expand their businesses, to accumulate more assets and become richer through profits, since they are doing this for investments, they can easily set the collateral as the assets themselves if shit hits the fan, and so debt is paid, and the rich gets richer. on the other hand, poor people sees debt as a way to buy more liabilities. How many times have you seen regular people taking out car loans, house loans, loans to get the newest smartphone, to travel to different places, and all luxurious stuff they wouldn't be able to normally get without debt? The fact that they do this, and then pay the debt off with their salary instead of investing it and reaping the profits off is what makes the poor poorer in my opinion. This is the most concise breakdown of money management really.

You have a point, but that doesn't mean you'll stop on that phase and just not do anything. There are a lot of businessmen and entrepreneurs starting at the bottom, meaning they don't have wealth, but because of their determination and hard work, they are able to achieve their dreams. We should not stick our heads into this, let's make an opportunity even if this is very difficult compared to those rich people.

people who are born into poverty may not have the same opportunities to accumulate wealth. They may not have access to quality education or job opportunities that pay well, and they may face other systemic barriers that make it difficult to move up the economic ladder.
that the opposite for rich people, who have many superiority,since they born.

Poor and rich are things that will never end, life needs poor and rich because without poor and rich this life will not be able to run normally, if in a country all people are rich then they will not be able to eat wheat, eat bread, clean the house and so on , because those who want to do menial work like that are poor people

There are many factors as to why this happens.
Hard work, dedication to what they're doing etc. etc. Right now, the rich are more privileged compare to the poor, but they worked hard for it. Rich know what they will do to their money, and what to do to maintain it. On the other hand, the poor don't know doesn't have any financial literacy that's why they don't know how to use their money to make them out of their current state.

Nope.
The best example is Jack Ma. He worked hard as an employee and often times, he is being rejected when he applies, but he didn't stop there. He worked hard until he reached his goal of being a successful businessman. Another one is the owner of KFC. The owner of one of the most successful malls here in our country. The list goes on and on. All of the rich now didn't start as rich. Some of them just worked hard and dedicated their life just to be a rich, and successful person.

Many of the successful people right now started as a poor person. I still remember the story of the person who is just a shoemaker when he is just a kid until he is the owner of one of the most successful malls in our country. It all comes to, hard work, your goal and how you will achieve it. I mean there's nothing impossible right now. Some rich now dedicated their whole life when they are young to their goal until they reached it.

It's all about how you manage your time and money.
I've read it before that rich get richer because of the way they think and manage their money (investment, business and doesn't spend much on un necessary things) while poor get's poorer because they live above their means, they spend more than what they really need buy things to look good.
There are people who are born poor but manage to make it rich and vise versa because of how they manage their time and money.

The truth is that nobody is happy being poor and everybody want to be rich and remain rich till their dying days. Some people are born rich, some become rich on their own. Being poor is not a choice but to remain poor is a choice. There are many opportunities everyday, the problem is that the poor dont make use of the opportunities around them. The different between the poor and the rich is that the poor wait for miracle and manner to fall from heaven. The rich makes use of any small opportunity around them, they invest little by little, the poor save while the rich invest for more profit.

actually in fact the adage that the OP mentioned did a lot going on. This is about the strength of capital, the strength of relations and the power of knowledge possessed by rich people, which are indeed far superior compared to people born from the lower classes. But that doesn't mean that people below don't have the opportunity to climb to a higher level. we all have the same potential. it's just that poor people have limitations in capital and also difficulties in obtaining broader insights from higher education. a rich man can even invite a mentor to his house if he wants to be taught something. but the poor have to go to great lengths to gain the necessary insight. but we still hear a lot of stories about wealthy people who came from among the poor at first. and that can be a motivation for us and instill an optimistic personality to be able to achieve what we aspire to.

Everything is reversible, the poor can also become rich if they have the will to step out of their comfort zone, and do what the rich used to do, they still have a chance to get rich. Meanwhile, if the rich just enjoy themselves without working hard to maintain their wealth, they will still get poorer quickly. Poverty is not a bad thing, if we are born poor it is not our fault, but if we grow up and our children are poor, I think it is our fault.
Maybe each person's fate will be different, but we need to do our best, not just because we were born into a poor family, but think that we have no chance of getting rich.

The concept of the wealthy getting wealthier and the impoverished getting poorer has baffled scholars for centuries. Some argue that the amassing of riches is a natural outcome of grit and persistence, while others believe that income inequality is a systemic quandary that necessitates a widespread societal overhaul.

From my personal perspective, affluence ought not to be the exclusive metric for prosperity. Rather, success should be gauged by the constructive influence one has on society. By diverting our attention from accumulating wealth to creating positive change in the world, we can commence addressing the underlying causes of financial inequality.

Undoubtedly, this undertaking is easier said than done. It will necessitate a collective effort from individuals, enterprises, and governments to effect this shift. However, I am thrilled by the possibility of establishing a world where success is not predicated on the amount of money in one's bank account but on the impact one has on others.

Because rich is in a good position already and what they just have to do is continue what they're doing and that is to increase their assets. They can invest large amount and let it sleep for long period to be a huge gainer but still financially stable to provide for their daily needs.

While poor is struggling to survive and even they want to invest some of their money, their position is hindering them to do so because they have to attend for the needs first and usually the income is not sufficient resulting to debt in order to survive. The reason why if you're not wise and hardworking, you don't have a chance to change what you used to. It's not impossible to become rich but that depends on your skills and strategy to achieve that goal.

Rich are getting rich because they are giving time and focus to the much needed stuff.
Poor are poor because they are focusing on the wrong thing.
Focusing on the right thing will take proper attention.

It is not about the facilities and resources. This is the harsh reality of the world, "the rich get richer and the poor get pooret because of what they think about". One of the greatest laws of the Universe is that we become what we think about, those rich became rich because they accept abundance in this world and they think that they will be rich soon enough. Poor people have poor mindset wherein they keep accepting negativity in their surrounding, they keep thinking to their problems so they keep attracting problems.

If we start thinking positive, we can attract positive life. The prosperity in this world are so great, if start acknowledging that there are a lot of opportunities in this world then we can become rich. Facilities and resources are not the factors on getting rich. Having a rich mindset, controlling our thoughts and thinking positive is the way for us to have wealth that we deserve.

Also note that those rich became rich because they have specialized knowledge and organized plan. Try to ask some rich people how they became rich and they will tell you their specialized knowledge and organize plans. Try also to ask some poor people about it then they will tell that they do not have specialized knowledge and plans on how to become rich.

The rich are getting richer while the poor are getting poorer because the rich have access to many facilities and resources, it is easy to invest because they already have the money to do it and also it is easy to invest because they have access to many things and so on, while the poor will always be poor because they are increasingly it is difficult to improve life, the rich have to help the poor so that there is a balance but unfortunately it is not easy to do because between the rich and the poor there is always suspicion.

It's true that some people don't know how to keep and spend the money that they have, while others that may don't have much have this skill and are more proficient in doing finances. Though it doesn't always make the rich poor since their income streams continue to fill their pockets, such skills in more lower-class people can make their lives more disciplined and easy.

Being rich from heart or feelings is a different kind of richness that you cannot get from this world or by working. It only comes from deep inside a person who has so much positivity inside them that they can't contain and they often come out as acts they perform.

Though there are some people got their money in a wrong way and this is commonly with the Africans by which they often get indulge in rituals to make wealth, such wealth doesn't last and just as my Bible made us to understand that in book of proverb 13:11 Read from KJV.
And I quote "Wealth gotten by vanity shall be diminished: but he that gathereth by labour shall increase."

Not all rich are born with a silver spoon and many of them came from rugs to riches. They have come with all of their hardships and smart work and that's why they've become rich. And as they progress into being rich, they've come to understand how it's possible for how the rich to become richer. They're all smart in money and especially if it's not inheritance money, they'll invest it. Rich has got rich mindset while the poor got a poor mindset if you get what I mean as it all starts with how they think once they've got the money. The rich before receiving the money, they're already thinking of which investment it shall go to. While the poor think of what wants they should buy upon receiving their money or salary.

In addition, the poor make mistakes of neglecting the rich people around them, instead of getting close to them and understanding the law guiding their riches. Wealth comes in different dimensions and many people think becoming rich just happen out of investing money into a specific business. Other things like law of attraction helped lots of rich men to get where they are today. Offering to serve the rich is also a method of becoming rich, because someday they'll pass down useful information to the next person. They're people who inherited wealth and ended up wasting the money on things that doesn't matter. So, making money is one thing, controlling money is another hassle, which is not thought in school like you stated. Those who can control money; spend wisely, get rich quicker. Regardless of how much profits they make per month. Just like in rich dad poor dad, most people think they need a pay raise to get rich, yet when their salary is increased they'll see that nothing changed, they're still struggling. Understanding the law of wealth is important, which giving plays a vital role.