Topic: Poor and Rich - page 6. (Read 1392 times)

"The rich keep getting richer, while the poor keep getting poorer" is a saying that have come a long way, for me, i believe this saying emanated in the olden days, it was and still is a way to explain how bad an economy of a country is, where opportunities are only open to those who are already rich, while the same opportunity is not made available to the poor.
This simply means that, the rich man can easily win contracts that will make him or her richer, while the poor man will hardly find any contract to execute, and as a result, he or she keeps getting poorer, all of this things are still very present in our society today, its very unfortunate though.

Social inequality is a condition where there is a very large difference between the rich and the poor in terms of income, assets and opportunities. that is, people who have a lot of money and possessions get richer, while people who do not have enough get poorer. why, there are many influencing factors, such as unfair government policies, educational disparities, and the influence of globalization which sometimes makes more and more rich people here but also exacerbates poverty in other regions, or other countries.

But the most fundamental is, educational disparities can be the main cause. why, yes the human resources themselves.  most poor people have limited human resources, many of them are trapped in ignorance, indifference, which results in their life not increasing. it could also be from limited opportunities, maybe constrained because of a lack of relationships. plus, do not have the capital to do business or self-employment. conversely, rich people have strong relationships, adequate capital, as well as supportive education. in fact, we can review it from various points of view.


Well, not all poor people have the mind to save or try to invest. in fact, to meet their daily needs they have to do additional work. even so, at least to change life for the better and get out of the poverty trap. one must at least make a breakthrough in his life, however, all of that requires struggle and hard work.

What you say is not wrong, but it is only true for society in the past, but now, I think it is no longer true.
You cannot live comfortably without money these days. For example, if you have a family when your children want delicious food and toys like their friends and you cannot provide them, your child will be upset, and you cannot feel comfortable when your child is in need. You don't have money, you can't buy good quality food, so you can't guarantee the whole family's health, not just you. As you said, we need to adapt, and life has changed now, money comes first, and we need to change to adapt quickly if we don't want to be left behind.

This is true, from my country due to poverty many children doesn't afford to have a proper education which results them in the future to remain poor since they have no idea how to have a money source. Some of them uses illegal wrong doings just in order to have a meal and money. But it doesn't mean that not attending to a school can makes you remain poor, there's a lot of millionaire that doesn't finished college or having a degree. Some of them are business minded, good at trading and inventing. Which I conclude that having an education can guarantee to make them rich but also the hard work and effort they give in order to change their life. 


I've also observe that many poor people doesn't have a family planning which makes them more poorer. They always do have a child even though they can't fully support it to have a proper education and also health. Having knowledge is a good thing for them to have as they grow up, because they can succeed in life with those information in the future if only they have education. Its the parents fault since they know they can't afford to support a child since they are financially unstable then they always do have a child. But I think the parents also don't have a proper education in family planning which results to affect their children.

And how to get a good education if the family lives somewhere in the slums? This situation practically deprives the chances of a good education, many children do not even go to school, this situation deprives them of the chances for a good future. how to get out of this situation? In the end, they have to live by the laws of the street, they fall into criminalgangs in order to survive.

Even buying their own food they are having difficulty how much more going to school because kids are not forced to help their parents to earn money so that they have food to eat. The problem right now is that they are getting pregnant even if their life is miserable that is why they get hard time more in life. Lets just say they get into education but the problem in the long run is that they cant sustain like they cant go to school due to there are no food.

what we all know today is that economic conditions that are increasingly difficult and unpredictable certainly make many people poor, but this is the law of life when many people are poor but get a lot of increased wealth from any circumstances, this is important evidence for us that positive thoughts always produce something. the good, while the poor often blame whatever happens.

According to what I have learned, material possessions are only seen as tools to develop yourself and live a meaningful life.
Many people mistakenly think that they were born to earn a lot of money and have a reputation as a success, they are not wrong and it is just that we like to be like them without trying to be like them. They get the life they want, and outsiders analyze those things and find the formula for success.
I see that being rich and poor is not a special issue in life, because in my opinion, the root of our nature when we are born, the awareness part to adapt, I don't have much money but I am still comfortable with what's around. I have good health, I have positive thoughts, and I also hope everyone will have these things in their lives today.

These are the most common reason why poor people remain poor. Though they want to improve their status, unfortunately, with lack of education makes them incapable to do it and rejected from the opportunities around them. Proper education must be their priority, though it was a big challenge for them to send their kids to school due to financial capabilities but they should for the sake of achieving their goal and to give brighter future for their kids. Otherwise, nothing will change and they will remain who they are today. [/list]

The poor are highly neglected because they don't have anything to offer.



Most time the rich has no idea but get idea from the poor, they analyse it and invest in it. Not all rich people can think of good idea to invest in. Most of the ideas that succeed their company comes from the poor.

There is a 1996 book by Thomas J. Stanley and William D. Danko called The Millionaire Next Door: The Surprising Secrets of America's Wealthy. The authors surveyed over 700 millionaires and found out that 80% are first-generation rich and self-made. Less than 20% of them inherited significant money which is 10% or more of their wealth.

Sometimes people comes up with such unique idea that they become rich instantly
Its not always the rich who get the opportunity - sometime poor people are blessed too and are lucky to be rich in a moment - we have seen so many examples in our lives.

You've listed one of the very reasons why the rich get rich and the poor get poorer, but there are other factors that play into this problem. Some of them include:

• Lack of Opportunities: You can't become rich without working a day in your life, but what if the opportunity doesn't come around? Lack of opportunities to find employment are a good reason why people become even poorer as time goes by.
• No Financial Literacy: I've seen people become rich and then blow all their money away belligerently, only to end up with nothign and be dead broke right after. Proper management of funds, as well as budgeting, investing, and saving of money is important in order to keep your wealth
• Inflation:For the poor, this is a curse, for the enterprises, Inflation is a blessing. Rising prices will always put money in the pockets of those that control the supply, while the poor people suffer.
• Corruption and Greed Sometimes, scratch it, more often than not, the government's evil practices marginalize the poor people even more, at the expense of putting more money in their pockets, this becomes a problem that couldn't be overlooked as time goes by.

It's not always easy to be positive when it comes to surviving, but I agree with a positive attitude, it will always change your internal perception and attitude towards external factors. I often have to communicate with wealthy people, most of them are really very positive people. It can be said that they are such because they live in abundance, but perhaps everything goes from the opposite, they achieve great results because they think positively and can cope with difficulties more easily.

First of all - money makes money (think of investing opportunities, connections, hiring others to generate profits for you, etc.). Also, it's much more complex but generally, it's more expensive to be poor.

Being poor is more expensive because of hidden costs and financial traps. For example, basic financial services like checking accounts and ATMs are costly for low-income people, as banks charge fees for their services if the account balance is too low. Poor people may end up paying hundreds or thousands of dollars a year for services that wealthier people enjoy for free. Not having much cash also costs more, as withdrawing small amounts from ATMs incurs higher service charges.

Poor people often rely on credit card debt, payday, or car title lenders, which charge exorbitant interest rates. Buying food, paying rent, and spending much more time on everyday tasks can also cost more for poor people.

Inflation hits the poor harder than the wealthy.

Time is money. Poverty impacts time, money, and mental well-being and poor people have less free time, and the stress of constantly making tough decisions about how to spend limited resources leads to decision fatigue and the scarcity trap, not letting them escape the vicious circle.

The statement the risk are getting richer why the poor getting poorer.  It's just a common word used to, at some point, discourage the poor who are fighting so hard to survive and climb to the top. At some point, I believe, it's to encourage oneself. 

The "rich get richer" statement is all because the rich have almost all it takes to make more money. What I mean by "all it takes" is that in terms of investment, they are the highest risk takers. A rich man can in a twinkle of an eye spend a whole $10,000 on an investment for which he or she is not even certain of the returns, which at the end might give him or her a 10x ROI. But someone living below average has to think twice before he can make an investment of $2 because he knows what it will cost him if the money enters the wrong hand. 

Have you read the book "Why the Rich Are Getting Richer" by Robert T. 
The author focuses on the aspect of financial education, in which the ideas believe that those who are educated, especially those who have degrees in financial education, have a better opportunity of becoming rich than lots of us out there. 
 

I wouldn't really agree with this. Poor people could be white collar workers too. As long as your job doesn't have a huge demand, then you are going to earn a very small amount of money.

Like there are way too many teachers in my nation, MILLIONS of them, we do not need that many teachers at all, we have a set amount that we need, and there are places teachers don't want to go to neither, so all in all we are talking about most teachers either underpaid or they are unemployed. Is teaching a muscle oriented thing or a thing that requires high level of education? It's education and knowledge based and yet they are still getting paid so little because there are so many of them.

I believe hard work and honesty is the key to success.
Be the person rich or poor - they will excel if they are honest and would work hard.

Having positive thoughts can indeed have a big impact on someone's life. because having positive thoughts means we always feel optimistic and also have high self-confidence. positive thinking also means we will not be afraid to try new things. The point is that many things can change a person's situation if it starts with positive thoughts. and most of the rich people they are always optimistic and think ahead. so they can always see the potential behind everything that many people don't even know about. and someone who was born poor might be able to change his life to a better stage if he always thinks and acts positively.

Although today's society still has many divisions or distinctions between rich and poor, it is becoming more equitable. I don't feel sorry for people born into poor families, but I do feel angry if they don't have the will or effort to find ways to improve their lives. Nowadays, poor people, if they study hard and work hard, they also have the opportunity to get a job with a high income, have a chance to advance as well as accumulate capital to open their own businesses.

As for investment, there are always opportunities for the poor if they know how to seize their chance. If the rich invest in real estate, and gold, and the poor do not have enough money to participate in those investments, then bitcoin is also an option with small initial capital.