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Topic: Poor people need solution now - page 9. (Read 2657 times)

hero member
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February 13, 2024, 05:40:15 AM
Often poor people like to be poor.  They are given a chance - for example, a big lottery win - but they spend it all without investing anything in the possibility of a steady income. They buy villas, cars, furniture in huge quantities, without thinking that they have to maintain it all. In the end, the money runs out - and the balance sheet is a pile of illiquid. They sell the rest for pennies, which they also spend. Poverty is often a psychological problem
You are right that there's often a lack of proper financial management skills in the poor because they are mostly illiterate as they can't afford studies and even if they did study a little bit when they were young, they never had enough money they could manage properly to learn management skills when it comes to finances, so they lack such skills which is why when they manage to get a lot of money from somewhere all of a sudden, they don't understand how they should use it, so they waste most or all of it.

However, this isn't limited just to one financial class, even a person who is rich but didn't earn the money themselves but just got all the wealth in inheritance, would barely be able to manage things properly, and will eventually spend it all and wealth will keep reducing and their businesses will shut down eventually for a lack of management.
People who experience the fate of poverty certainly have quite a heavy burden on their minds, financial problems that they have to think about every day make them always fail to think positively. I don't think that people who have the fate of being poor are a result of laziness, but rather that they are destined to come from poor families for generations and it is very difficult to get out of that zone. Unless the government and companies are really serious about helping them by providing financial assistance and job training to create creative self-development. In other cases, I am also very annoyed to see people who waste opportunities, let alone spend their inheritance and are wasteful and that is how poverty will continue to plague them.

In my opinion, the problem that often occurs in every family is finances. This is a major problem that often occurs in many circles of society, lack of employment opportunities may be one of the problems, also currently many young people are lazy to work because they are trapped in a comfort zone even though it does not produce clear income such as collecting money. with their friends from night to morning just to stay up late playing games, this is not profitable but is detrimental to their health, and I call them a burden on the family.

In my opinion, even if the government helps, it won't be much help, if the help is in the form of objects, maybe it would be better for the government to provide decent work for them. Even though they don't have the skills, I think if they have awareness they will force themselves to work in order to produce results. If poverty is destiny then we have to change it, and that is up to our own desires, because no one wants to stay in poverty, I think everyone definitely wants financial freedom, but there are still many of them who are lazy, because it is destiny Being poor doesn't mean you don't have to work or try, of course as humans we have to be willing to try to achieve success, and effort will not betray the results. That's a saying that I instilled in myself, if we ourselves have good efforts then there will definitely be good results.
hero member
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February 13, 2024, 01:16:53 AM
Yes, and since they are in that kind of situation, Some people are uncertain of the best way to invest their money. This confusion can be compounded by the influence of family and friends who encourage them to spend it on activities that are enjoyable and fun. Without them realizing that the money they have will be easily spent.
this is the importance of financial education, i think education about financial should be free so people know what they are doing with their money, lets be frank here people who have no idea about how money work will just thinking about buying thing they want to buy by the means of saving, for financially educated people, that might not be the best. after all, if we can invest and get passive income instead, we might be able to buy stuff we need while retaining our capital not throwing it around.
thats the advantage of being educated about finance, we know what we can do with the money in our hands, this is also the reason why people are really heard to get out of poverty, because lacking of financial education.
financial education should take place first these days.
full member
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February 12, 2024, 10:39:46 PM
Often poor people like to be poor.  They are given a chance - for example, a big lottery win - but they spend it all without investing anything in the possibility of a steady income. They buy villas, cars, furniture in huge quantities, without thinking that they have to maintain it all. In the end, the money runs out - and the balance sheet is a pile of illiquid. They sell the rest for pennies, which they also spend. Poverty is often a psychological problem
You are right that there's often a lack of proper financial management skills in the poor because they are mostly illiterate as they can't afford studies and even if they did study a little bit when they were young, they never had enough money they could manage properly to learn management skills when it comes to finances, so they lack such skills which is why when they manage to get a lot of money from somewhere all of a sudden, they don't understand how they should use it, so they waste most or all of it.

However, this isn't limited just to one financial class, even a person who is rich but didn't earn the money themselves but just got all the wealth in inheritance, would barely be able to manage things properly, and will eventually spend it all and wealth will keep reducing and their businesses will shut down eventually for a lack of management.
People who experience the fate of poverty certainly have quite a heavy burden on their minds, financial problems that they have to think about every day make them always fail to think positively. I don't think that people who have the fate of being poor are a result of laziness, but rather that they are destined to come from poor families for generations and it is very difficult to get out of that zone. Unless the government and companies are really serious about helping them by providing financial assistance and job training to create creative self-development. In other cases, I am also very annoyed to see people who waste opportunities, let alone spend their inheritance and are wasteful and that is how poverty will continue to plague them.
sr. member
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February 12, 2024, 09:38:39 PM
Often poor people like to be poor.  They are given a chance - for example, a big lottery win - but they spend it all without investing anything in the possibility of a steady income. They buy villas, cars, furniture in huge quantities, without thinking that they have to maintain it all. In the end, the money runs out - and the balance sheet is a pile of illiquid. They sell the rest for pennies, which they also spend. Poverty is often a psychological problem
You are right that there's often a lack of proper financial management skills in the poor because they are mostly illiterate as they can't afford studies and even if they did study a little bit when they were young, they never had enough money they could manage properly to learn management skills when it comes to finances, so they lack such skills which is why when they manage to get a lot of money from somewhere all of a sudden, they don't understand how they should use it, so they waste most or all of it.

However, this isn't limited just to one financial class, even a person who is rich but didn't earn the money themselves but just got all the wealth in inheritance, would barely be able to manage things properly, and will eventually spend it all and wealth will keep reducing and their businesses will shut down eventually for a lack of management.
Agree with you because what you said is the correct reality. Those who are poor are backward in every way. A poor influence can be seen in their thinking, mentality and everything. If some money suddenly comes to them, they get emotional and cannot manage it properly. Once it is seen that they have nothing, they become poor again as before. If they approach it properly with humanity and work with the future in mind, only good things are possible.  Besides, nothing good is possible.
sr. member
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February 12, 2024, 03:18:48 PM
Humans are now very dependent on banks, in fact the current world economic cycle is driven by banks as a place for entry and exit of fiat currency and with the emergence of cryptocurrencies, this has encouraged banks to adopt cryptocurrencies with the aim of following trends. 
Currently there are several banks that are starting to study how blockchain technology works and have also started trying to adopt it. The presence of banks cannot be removed from human life today, since the beginning of the emergence of banks, it has been inherent.
All activities today will be closely related to banks and everyone who wants to pay for the goods they want to buy uses money and if they order goods somewhere of course they need the money in their bank account to be able to pay for the goods they want to have. and with the emergence of crypto, this will create another alternative for making payments, but not all places can accept crypto as a form of payment that we can get in every place, like fiat currency.

Yes, it is indeed impossible that the banking system can be easily removed from human life because it has been deeply embedded in people's daily lives as a means of storing money and also as a legal means of payment in every country.
legendary
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February 12, 2024, 01:23:34 PM
Banks are essential whereever you life - can you find any alternative to them - yet? that is easy to use and everyone accepts is and has access to it? Nope, I dont and I am sure you dont as well.

While I do appreciate the enthusiasm to find an alternative and pitch crypto as the savior, you need to improve its acceptance in the locality first. Maybe then the government will take notice and do something different?

So far I believe and indeed I feel that the presence of banks really helps people whether they are poor or rich and I think so far nothing can replace the role of banks in people's lives, some alternatives that look pretty good like crypto which on the other hand can make people know more and feel about its benefits in life but basically not all people can accept the presence of something that is considered to be a solution or savior, and of course for this problem it is the business of the government that has the power which of course can convince and increase trust in the community if it is necessary to make changes.

Humans are now very dependent on banks, in fact the current world economic cycle is driven by banks as a place for entry and exit of fiat currency and with the emergence of cryptocurrencies, this has encouraged banks to adopt cryptocurrencies with the aim of following trends. 
Currently there are several banks that are starting to study how blockchain technology works and have also started trying to adopt it. The presence of banks cannot be removed from human life today, since the beginning of the emergence of banks, it has been inherent.
As long government exist then those centralized institutions would really be that existing no matter what and since all of people do really had been dealing up with traditional stuffs then its not really that shocking
anymore that we would really be sticking into something on which we know that this is something that would be normal for people on sticking on. Banks might recognize blockchain technology but it would really be just that good into that on which we know that there's no way that we could really be able to force them on dealing or integrating those decentralized cryptocurrencies that currently expecting
This is why as of today on which this market had existed then it did really give out that kind of opportunity for us on dealing up with something that we can be able to have those other opportunities
for us to make some income which it cant be that something be traced or monitored. Being poor isnt a mistake though but what makes it wrong is on the moment that you wont really be finding
yourself some alternative for you to make yourself that at least progressive on the time that you do live.
full member
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February 12, 2024, 01:14:51 PM
That is because it's often a rare occurrence for the poor to have money. When they do come into possession of money, they may not know how to handle it properly. They tend to spend it on unnecessary things that they've never been able to afford before, rather than investing it. This is because they lack knowledge and experience in making financial decisions.
I have also come across poor people who have traits like that, but poor people are generally like that. There are definitely some of them who are smart at managing their finances even though they themselves rarely hold large amounts of money so they are not used to using money for important things. However, we also need to know that at this time not all poor people are stupid when it comes to using money, because a small number of them also know how to manage money well and spend it on important things without any obstacles.
Yes, and since they are in that kind of situation, Some people are uncertain of the best way to invest their money. This confusion can be compounded by the influence of family and friends who encourage them to spend it on activities that are enjoyable and fun. Without them realizing that the money they have will be easily spent.
hero member
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February 12, 2024, 11:18:32 AM
Often poor people like to be poor.  They are given a chance - for example, a big lottery win - but they spend it all without investing anything in the possibility of a steady income. They buy villas, cars, furniture in huge quantities, without thinking that they have to maintain it all. In the end, the money runs out - and the balance sheet is a pile of illiquid. They sell the rest for pennies, which they also spend. Poverty is often a psychological problem
You are right that there's often a lack of proper financial management skills in the poor because they are mostly illiterate as they can't afford studies and even if they did study a little bit when they were young, they never had enough money they could manage properly to learn management skills when it comes to finances, so they lack such skills which is why when they manage to get a lot of money from somewhere all of a sudden, they don't understand how they should use it, so they waste most or all of it.

However, this isn't limited just to one financial class, even a person who is rich but didn't earn the money themselves but just got all the wealth in inheritance, would barely be able to manage things properly, and will eventually spend it all and wealth will keep reducing and their businesses will shut down eventually for a lack of management.
sr. member
Activity: 2338
Merit: 365
February 12, 2024, 08:49:38 AM
Banks are essential whereever you life - can you find any alternative to them - yet? that is easy to use and everyone accepts is and has access to it? Nope, I dont and I am sure you dont as well.

While I do appreciate the enthusiasm to find an alternative and pitch crypto as the savior, you need to improve its acceptance in the locality first. Maybe then the government will take notice and do something different?

So far I believe and indeed I feel that the presence of banks really helps people whether they are poor or rich and I think so far nothing can replace the role of banks in people's lives, some alternatives that look pretty good like crypto which on the other hand can make people know more and feel about its benefits in life but basically not all people can accept the presence of something that is considered to be a solution or savior, and of course for this problem it is the business of the government that has the power which of course can convince and increase trust in the community if it is necessary to make changes.

Humans are now very dependent on banks, in fact the current world economic cycle is driven by banks as a place for entry and exit of fiat currency and with the emergence of cryptocurrencies, this has encouraged banks to adopt cryptocurrencies with the aim of following trends. 
Currently there are several banks that are starting to study how blockchain technology works and have also started trying to adopt it. The presence of banks cannot be removed from human life today, since the beginning of the emergence of banks, it has been inherent.
sr. member
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February 11, 2024, 03:36:11 PM
I think poor people and rich people will still exist. Just like you said. However, there should not be a gap that is too big. For example, every poor person can get easy access to health and education. The government can help provide/subsidize basic needs such as food, health and education so that poor people do not have to struggle to survive. Some rich countries can do this, but there are still many developing countries where poor people have to struggle to survive.

It's true, that no matter how developed a country is and how *organized* and well-managed its system and government are, there will always be poor people because they don't work to finish poverty, they don't care much about that. The USA is one of the most developed countries in the world, and you can find homeless people sleeping on the streets looking at every passing individual hoping to get some help and food because they are hungry and helpless.

If that is the situation of the world's superpower country, what do you expect from countries that don't even have a good government to talk about? There are only a few countries in the world where you can barely find a poor person because they believe in financial equality and all their people are provided with education from the beginning so that they can find jobs and live a good life, but that isn't the case all around the world.
sr. member
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February 11, 2024, 02:10:20 PM
I think a large number of people will find it difficult to see this, let's just say people on this forum read your post and understand what you are saying but what about people out there?
I think they are so busy working that they forget what they really need, this system has been created a long time ago, and it will be difficult to get rid of it.
hero member
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February 11, 2024, 02:07:42 PM
This is solution, first they need to Understood the system does not serve their needs.
What they could do is start using their own Community money backed by food and fruits.
Yes, the system is always not created to favor the needs of the common but who is going to create the community money backed by food and fruits?
Besides, if you want the concept of Bitcoin this was the exact reason BTC was created by Satoshi and most of the poor people that joined early are now millionaires.

Becouse If your Community grow food you can never be poor
Food is not what solves the problem of financial status per se but it can solve the hunger issue and provide an opportunity.
hero member
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February 11, 2024, 11:28:06 AM
#99

So Communities If you got food you are blessed issue your own money and stop dealing with people who don't benefit you.
If you issue your own money and goverment come to buy with their money you can set your own rate higher so If they don't want then you sell to those who want.
Off course they want becouse everybody need to eat
So you make your own money and your own Community people all live Nice.

It makes a lot of sense for smaller communities to trade locally and first satisfy their needs with local products instead of buying from large corporations that produce in very far away. If the farmers have a direct connection to the customer it saves a lot for the farmer, he would otherwise have to pay to a middle man for transportation and selling. The best would be to trade directly for other products so you don't have to use money at all, switching now to your own money could lead to a lot of problems. The government will likely not accept citizens just having their own money, because every sale and transaction requires to pay taxes. How would the taxes be paid if people only have their own money? The government wouldn't except anything else than their own fiat money. This could likely lead to legal problems and people would be scarred to use your own money.
hero member
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February 11, 2024, 11:16:36 AM
#98
That is because it's often a rare occurrence for the poor to have money. When they do come into possession of money, they may not know how to handle it properly. They tend to spend it on unnecessary things that they've never been able to afford before, rather than investing it. This is because they lack knowledge and experience in making financial decisions.
I have also come across poor people who have traits like that, but poor people are generally like that. There are definitely some of them who are smart at managing their finances even though they themselves rarely hold large amounts of money so they are not used to using money for important things. However, we also need to know that at this time not all poor people are stupid when it comes to using money, because a small number of them also know how to manage money well and spend it on important things without any obstacles.
hero member
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February 11, 2024, 11:06:31 AM
#97
What are you trying to suggest? Are you for real with what you're talking about? It's good with the suggestion to grow your own food but that's a common thing that a normal person does, whether he's rich or poor. It's everyone man's dream to have his own food to grow in his backyard. But with your suggestion of leaving the government and making your own currency. What are you up to? Do you think that you can have your own country by doing that? It's not a solution for you to tell but LOL I don't know why we're taking it seriously.
sr. member
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February 11, 2024, 10:19:09 AM
#96
The world will always have the poor and the rich but the gap between them shouldn't be too much. At least the poor should be able to afford basic needs without too much struggle. In some developed nations majority of citizens have access to what they need to survive. But it breaks my heart when I see the suffering and poverty in developing nations. Coming out from the poverty line is not easy but one has to fight to come out.

You are right. We cannot hope for a utopian world where there is no longer any poverty in the world. It was too good to be true. After all, if everyone became rich, how would the world run? If everyone was in business who would be the employees?

I think poor people and rich people will still exist. Just like you said. However, there should not be a gap that is too big. For example, every poor person can get easy access to health and education. The government can help provide/subsidize basic needs such as food, health and education so that poor people do not have to struggle to survive. Some rich countries can do this, but there are still many developing countries where poor people have to struggle to survive.
sr. member
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February 11, 2024, 08:27:58 AM
#95
The plans we make for those who are poor don't actually work out. All the farmers in the world should be given the most respect but we don't want to give them respect while we forget that they are producing crops that we can eat. Where the financial position of the farmer is supposed to be good, the position of the poor farmers is not at all good. The general public talks a lot about the farmers in front of the media but they do not see the farmers in a good light. People who are poor don't want to stay poor forever but they don't have much chance to get out of poverty. There is a section of people who have assumed that the children of the poor will be poor and the children of farmers will be farmers. We never go and help them ourselves but we talk about them from a distance. We should help them be it by giving them the right respect or by giving them the right price for the product.
sr. member
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February 11, 2024, 07:10:23 AM
#94
Often poor people like to be poor.  They are given a chance - for example, a big lottery win - but they spend it all without investing anything in the possibility of a steady income. They buy villas, cars, furniture in huge quantities, without thinking that they have to maintain it all. In the end, the money runs out - and the balance sheet is a pile of illiquid. They sell the rest for pennies, which they also spend. Poverty is often a psychological problem
Poor people don't like to be poor, that's why they use all of their money to buy anything that they likes to impress other people. Actually rich people are like to be poor because when they're in progress to build their wealth, they're need to limit their spending and use most of their money for investment.

Poor people don't like to be poor, but their mindset makes them to stay poor.
That is because it's often a rare occurrence for the poor to have money. When they do come into possession of money, they may not know how to handle it properly. They tend to spend it on unnecessary things that they've never been able to afford before, rather than investing it. This is because they lack knowledge and experience in making financial decisions.

Yep, poor people never have much money so they don't know how to manage it. What most people call as poor mentality happened because the system make financial education not easily accessible by poor people, it's not their intention to have poor mentality. And they will gladly and passionately learning about money management when they have the chance. Most people would judge poor people choose to be poor, those judgemental people never want to learn the background of those poor people.

Sure, some poor person might move up the chain with their own power but that's one in a million, most of them will be stay poor no matter how they try to fix their life because the system are surpressing them to stay poor, that's what is called as structural poverty.
full member
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February 11, 2024, 06:09:58 AM
#93
Often poor people like to be poor.  They are given a chance - for example, a big lottery win - but they spend it all without investing anything in the possibility of a steady income. They buy villas, cars, furniture in huge quantities, without thinking that they have to maintain it all. In the end, the money runs out - and the balance sheet is a pile of illiquid. They sell the rest for pennies, which they also spend. Poverty is often a psychological problem
Poor people don't like to be poor, that's why they use all of their money to buy anything that they likes to impress other people. Actually rich people are like to be poor because when they're in progress to build their wealth, they're need to limit their spending and use most of their money for investment.

Poor people don't like to be poor, but their mindset makes them to stay poor.
That is because it's often a rare occurrence for the poor to have money. When they do come into possession of money, they may not know how to handle it properly. They tend to spend it on unnecessary things that they've never been able to afford before, rather than investing it. This is because they lack knowledge and experience in making financial decisions.
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February 11, 2024, 05:17:01 AM
#92
Truthfully poor people need solution but not all solution can work for a poor people because poverty is a psychological problem, that is why you see our nation even with all the resources we still see our self as poor nation and under develop. Example look at the level of money other nations do give us to enhance our development but nothing works because the psychological issue is not settled until once mentality is change no solution can be adopted by such person. Poverty  start from the heart any man who heart is afraid to take risk when necessary is already poor because it can't go beyond the level if poverty, there no solution or help can work until the mentality or psychological problem is solved by conquering the fear and taking bold step. Not all solution to a poor person is solution, solution of dashing money to a poor man is like enhancing the status of poverty not actually a solution.
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