Topic: Poor and Rich - page 12. (Read 1547 times)

Quotes that always describe poor people so that this class of people never develops and at a certain stage these quotes also have a meaning that is close to the true word.

It depends on how the parents prepare, if the parents are negligent and never prepare, then their savings and assets will also run out without being properly developed.

But the most important thing is not only preparing savings, but how parents prepare their children to live independently and not depend entirely on the wealth of their parents, they will live their own lives as adults and have responsibilities towards their families. If their parents do not educate them to be more independent, then under these conditions they may not be able to maintain economic stability and even inherited wealth will run out if it cannot be managed properly.

While the poor have to work hard from the start because they are not inherited from their wealth and savings, so their work is much harder than the rich.

In terms of opportunities we can say that the rich are far more fortunate than the poor, but what needs to be understood is that rich and poor alike do not have the ability to work hard and are unable to manage proper finances, their lives will never be much different either, because when they have the responsibility that is seen is the ability not the opportunity they have.

I actually disagree with the quote "the rich get richer and the poor get poorer". Because I see that many rich people previously came from poor families but they have a strong will to change their destiny. They work harder than anyone else and hold on tight to their dreams to achieve them one day.

We all have the right to be rich, but of course, we must follow terms and conditions. It is true that the rich already have prior wealth that they can use to seek even more wealth. But that doesn't mean poor people can't be rich. Once again, it depends on how hard we work and how we can improve our lives.

Rich becomes even more rich because they already have the capital and lots of leverage to make money. Easier to create something out of something than something out of nothing. The poor can be rich if they have the right connections and the right amount of luck, but that rarely happens that's why you keep on hearing the same phrase over and over again. Wealth creates more wealth, and those who don't have it would chase it forever, and it's an almost impossible task nowadays.

You can work forever on a higher position for a company but that wouldn't assure that you'll even get to a fraction of what a rich man has unless you invest amd begin making your money work for you.

Hello OP, Some rich people today weren't even born into a rich family, but they strived hard and believed that they were going to build wealth and riches for themselves, which they finally did. Most of these rich people who were not born into rich homes disciplined themselves, became time conscious, were dedicated to the work they found could be a breakthrough, were consistent in doing the right thing that gave them hope, etc.

To build wealth is not so easy, but to spend the money is very easy, and when one is not conscious of their spending habits and is not conservative in their financial life style, they become prone to remaining in the poor stage or perhaps trying to maintain the middle class stage over and over again, because they make the money and spend it wastefully (unwisely).

From my understanding of some life situations, to be poor or to be rich is based on some factors, such as;

 

• Environmental influences
   
• Friends' influence
• Family influence
• Morals learned from childhood
• Health issues
• Conflict issues
• Life challenges and bad luck

Depending on the environment in which an individual grows up, if it is an environment where the people living around are reluctant towards becoming better in life, the person can also decide to be reluctant and accept what ever the people around them tell them. Friends are also something that can either encourage or discourage you to do a thing or not. If one has friends who don't work, they will definitely want to influence you and discourage you from working. Some parents would always strive hard to feed their children from childhood into youth; they wouldn't encourage them to work, and they wouldn't advise them how important it is to note that one day they will need to take up responsibility for themselves. Some people try so hard to earn an income to build wealth gradually, but along the line they may be faced with some serious health issues that can suck up all the money they have managed to realize, and when they become well again, they have to start from scratch again. Some people just manage to save up enough money to start a business or invest in something good, but if a serious conflict happens in that business area, it can cause the business to shut down. I don't know if some of you will agree with me that life is sometimes unfair to some people; no matter how hard they try to make things work out for them, they are always faced with one challenge after another.

No matter how determined someone is, despite having a good mindset to create wealth from scratch, if that person is faced with some life challenges, they can easily or forcefully give up (I will give an example of that). One guy in my place just started his business in 2019, and he was really making progress, but due to the COVID-19 pandemic and lockdown, this guy exhausted all his business funds before the pandemic ended. After the end of the pandemic, he started from scratch to build a new business, but his shop caught fire at night due to some electrical issues, and before the fire was put out, the whole stock in that shop was almost burnt. His landlord still asked him to refinance the shop, so the guy became bankrupt again, and as I write in this forum now, after the guy relocated from the city back to his village since 2021, he's not back till now.


OP, back to the quote, I used to believe in that quote, but now I disagree with it. You will say this guy is crazy, but the reason I disagree with that quote is because someone can be born into a rich home—the dad or mom may be rich—but after the death of their parents, the child can mismanage the whole wealth and return to nothing (bankruptcy). A rich man or woman who is priveleged to inherit their relatives wealth can be foolish, and in the process, all the wealth will vanish; there have been cases like that.

The poor man can decide one day that he or she is tired of suffering. He may engage himself in what others are doing to gain wealth, and along the way, luck might shine upon him. He will gladly embrace any opportunity that he may encounter, and when the money comes his way, he will definitely know how to manage it because he has had bad experience (experience teaches someone lessons).

The rich will only get richer if he or she truly understands what it takes to build wealth, how to protect it, how to generate more wealth, how to develop good financial management skills, or possibly has a good hired financial manager that can help them. The poor can also become poorer if they refuse to try any positive thing that can improve their lives. Do you agree with me that there are some poor people that sometimes get convinced within themselves that if they don't beg from others they can't feed; some also believe they need to pick pockets before they can feed; some also believe that it's only their uncle or aunty whom they depend on who can feed them for life; those are the classes of poor people who will ever remain poor unless they realize themselves and have a rethink.

When people say the rich will become more richer and the poor will become more poorer, it means the poor would always meet the rich for work and the poor will keep working for the rich making them richer while the rich keep paying the poor peanuts. We can always look at it from intelligence and how the rich are so inclined using there money to create different investments and employing people to work and get paid below what they are supposed to get. When people work for the rich, they will become richer while the poor are the one working hard to make money for the rich.

Yeah i am agree with you, rich people are not always born with much wealth from their parrents, but some of them have a privilege of being born into rich family. The richest kids in the world that was born from rich family is Princess Charlotte of Chambridge. She is already get her wealth through her parents. At her age of 7 Years, she has arround five billion in USD. Also there are many people that were born from rich people and they have already their savings and invesment that are give from their parrents as you can see from this source :



Reference :
top-10-richest-kids-in-the-world

Another factor is the mind set of rich people and poor people.  They have different mind set that resulted in different outcome.  Rich people mindset is to make their expenses as investment and since they have money to spend, they often create a business that is connected with their hobby or interest and get profit from it.  While poor people's mindset is to spend money to satisfy their interests.

In my opinion, yes, because the rich already have money and their parents will teach them how to manage the money, while the poor don't have it all, so if they are born with a different status, you will see a very big difference.
its fact and cannot deny.

I also wonder who wrote the quote so you say we all know. Even though I never cared about this kind of quote because in my opinion it is just a quote to distinguish lazy people from people who work hard.

No, I don't think that's always true although it's not entirely true either. Because there are also people who are already rich at this time who were poor when they were young (children) or before they grew up. But there are also those who, when born, immediately get their wealth through their own parents, which is indeed passed down from generation to generation to the next generation in the family line.

And what you have to know here is that those who have been rich since birth are those who get an inheritance from their own father, not based on what he has earned. And it could be that his father used to be a poor man who worked from nothing and became rich when he was almost old so that his wealth could be passed on to his children.

Actually everyone who is born into this world is poor because there is not a single thread that he brings into this world except for what his own parents love and what he gets based on what he tries to do when he grows up. So basically the rich are also poor people who have become rich through wealth from their lineage.

You have made a very good start to your job and it is exactly what you should do because there is no better idea than to keep working and making money and keep saving to make the future a little bit better than before. So keep working and saving regularly for yourself and your family.

This phrase is kinda wrong. The rich don't always get rich, they also lose a lot when the market turns bearish, although they never lose all their money and still remain rich. And the poor don't always become poorer, many people get lifted out of poverty thanks to opportunities presented by the free market. And if you look at the global historical scale, there's less extreme poverty today than 30 or 50 years ago.

This all doesn't mean that things are looking good now and nothing should be changed, but the phrase "the rich get richer and the poor become poorer" is often used by utopian left-wingers who want to instantly dismantle the current system and replace it with their perfect vision that never worked.

Rich person have advantage when building new business they have enough capital, there are not problem facing failure with their business and can restart because still having much money. I agreed with you about how level rich and poor as contradiction with poor don't have many option how they can build their business and if taking bank loan and get failure actually have to close their business.

But there are not mistake when some one born with richest parent and many people still happy although as poor, if can't build business they can get work from the rich person, both of them connected each other and we are poor never sad about our condition because still get work from rich person.

This article[1] explains clearly why this quotation happened.  Simply said, "The Rich operates in Abundance mode, while the Poor operates in scarcity mode. " which is explained as:


We can see this in terms of how the rich setup businesses and how poor people are contented being employed. The condition also affects the belief and behavior of individual where rich people are more open hand to investment that can yield them multiple returns because they have extra money to spend while poor people even though saw an opportunity but due to lack of financial capability prioritized food to bring on their table.  Thus in terms of generating profit, rich people tends to generates several times while poor people failed to.

As a result, the wealth of rich people keeps on piling up, while the wealth of poor people always get exhausted.

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[1] https://www.linkedin.com/pulse/why-rich-stay-poor-stays-marcus-how#:~:text=In%20a%20simple%20explanation%3A,habit%20effect%20is%20passed%20on.

It is really simple, the rich can use their money to increase their efficiency in a way that a regular person cannot do, for example if you want to do anything most likely you will have to learn how to do it by yourself, while the rich only needs to use their money to hire someone which already knows how to do it, so while you spend weeks or months learning, the rich has already reached their goal thanks to their money, do this thousands of times and the advantage the rich have are too enormous for most people to overcome.

In this condition there are also several things that make the difference between the poor and the rich because indeed in any case even in this case everyone's views are different, still in this condition the poor and the rich have a very different state of mind.
Maybe it's understandable because in this case there are several factors that can make it have a big difference but on the other hand when we are indeed born and live among people who can be said to be rich, our connections will obviously be very different so it's not to classify this but the words that the rich are getting richer and the poor are getting poorer, it's true because apart from their mindset, connections and opportunities, you can't be equated.

The problem lies in the process of exchanging assets. The rich is the one who exchanges assets for other assets or more valuable assets, and therefore his assets are constantly increasing.

While the poor is the one who exchanges his labor, effort, and even his assets for liabilities, those liabilities will buy him temporary well-being, but in the long run it is what makes him poor for a long time.

You are now working. It is assumed that the result of your work is to buy assets and that is to let the assets grow to generate income equal to your spending.
But when the salary comes to you and all you do is waste it on vacations or buying a new car or other luxuries, you are imprisoning yourself in poverty.

Most at times some Rich people are more of inheritance from their lineage while some are generational wealth that passes from their lineages. However working hard could make you become rich in life if you started making your investment on time also with the help of a mentorship who will lead you through that part of life until you are financially stable.

This is best quote in finance, also famous for rich dad and poor dad book.
many wealthy people are born into wealth , or have access to resources and opportunities that allow them to accumulate wealth more easily than others. However, it is important to note that not all wealthy indivisual inherit their wealth, and many have worked hard and made smart financial decisions to attain their wealth.
becuase, those with more wealth and resources have greater access to opportunities and resources that allow them to accumulate even more wealth, while those with less resources often struggle to acquire wealth and may experience a range of negative outcomes as a result.
people who are poor, they can be wealthy if they want to be by working hard, learning, buying bitcoin ,etc.

It means that people who already have a lot of money and resources are more likely to keep gaining more, while people who are struggling financially are more likely to keep struggling and falling behind. It is like this cycle that's hard to break.

A pretty messed up situation, if you ask me. Like, why can't everyone just have a fair shot at success? But I guess that is just the way the system is set up. It is like the rich are playing a game with cheat codes, while the poor are trying to beat the game on the hardest difficulty level.

Maybe you mean that you are now more improved than your previous approach.

      Apart from that, we are also the same in that when I was in high school, I heard quotes like that and not only that, it is also in the bible. Then the change of a person does not come from other people but from ourselves. If we don't make a way to move forward in life, we will die really poor.

If presented, maybe it could be said that rich people start their lives from 30% and poor people really start from zero. I can't deny that it really happened, because those who are rich have privileges unlike poor people. But can the rich really be like that? I don't think so, because I have heard of many rich people falling into poverty and also not a few poor people getting rich (in this case we must have different views about what rich is like). But there are advantages that many people don't realize, poor people might be ready when they get rich, and they are better prepared when they have to go bankrupt because they have experienced that. But when the rich fall into poverty, not all rich people are ready for that because they are used to living in luxury.