Topic: Reason why you will never become rich - page 11. (Read 1230 times)

All the 3 points that you mention doesn’t make you rich but only make you have a financial stability. Being rich and financially stable is 2 different things. You will need a phenomenal source of income such as blockbuster business or 7 figure salary to become rich and not by just cutting all things that cost you some money because you will never become if you don't have the source of wealth. All that you mention is just ways to properly manage a finance.

People will never become rich if they don't have income that will make them rich.

I think those are very beautiful words but will you be rich if you don't help your family? I never thought I would do that, I will always help my family, help my parents and younger siblings. I think they would also do the same if I had their needs and help

Talking about wealth and financial freedom, the way to get it is by doing business and entrepreneurship. If we are always employees, then financial independence will be difficult to obtain, although it may be realized. However, if you look at the list of the 100 richest people, most of them are businessmen and investors. So, to become a rich person is not by letting go of the family burden but starting a business and investing

The question is, have you done it?

The problem is not that we don't dare to pressure our families to work harder and as if we don't care. Within the family, there are bonds that cannot be separated, such as our responsibility to the family that has brought us to this point thanks to the sweat they have spent in the form of wealth, energy, and thoughts. As people who know reciprocity, we have an obligation to be able to give it to those who have struggled. Nothing wrong right? Life is not always about being rich, because it's useless to be rich but don't know how to pay for it. There is such a thing as empathy, a sense of responsibility, and care for the family where we remember the services of others. Everything that is achieved is not necessarily your own ability, there are external and internal drives involved in it. Shaping us to be more responsible people.

I think he describing the typical 3rd world family responsibility problem especially on asian country which parents usually passed poverty to his children. Children when they turn on legal age to work usually working just to sustain the parents and never have spare money to start on his own family.

This poverty cycle start when this working son/daughter decided to start his own family while still sustaining his/her parents. This cycle will continue to the new child and so on just because people keep building family even if they are still not financially established.

Eventhough you are in current situation where you have a lot of responsibilities brought on your arms still its possible for you to get rich especially if you don't rely only on one job and you are good for seeking opportunities where you can earn some extra income.

Its easy to say all of that but its hard to be done so the best way to have progress is to find more ways on how you can get another source of income, you will never get rich if you only have one job and it will be worst if you rely on 9-5 since your life will be miserable with that set up.

And I want to ask you one thing, did you become rich after getting rid of your family and after you knew how to use money? I don't know what family relationship you're talking about, if it's between your siblings, your spouse, your parents, and your loved ones. I would object to your first reason. Because we work hard, finding ways to be financially free is also taking care of them, not just ourselves. Furthermore, without those people, I bet you wouldn't be where you are today, so it's not right to consider them a burden. It's a responsibility that everyone has to shoulder, you can't selfishly deny them. Many people can still become rich but still be with their loved ones, so I disagree with your reasoning.

The first reason why you can never be rich is too much  responsibilities, carrying family problems on your head which we all know family problems are always around the corners and can't be totally eliminated. The best help to offer family is to put yourself in a better financial position,  don't struggle to help family,  struggle to put yourself in a better financial position then take away your from dependency. How do you take them away from dependency? If you have a company or business you are running or a connection,  you can connect your family members to your friends let them work for them so that they can earn their own money or you have a business you are running, they can work for you to earn their own money.  As long as their is still dependency they will continue to depend on you and demand from you.

The second reason why you can never become rich is not knowing how to use money. There are several ways money can be use :  spending,  savings,  and investing.  Many of us already know about spending and even when we spend we spend on things that are not really needed but just to impress people who don't care about you.

Buying liabilities,  things that doesn't have value five years from now.  Many save but even when money is saved,  it is done to spend and not to invest and the only way to become rich is to invest and not by savings.  So , invest in assets and not liabilities.