Reason why you will never become rich - page 4.

Rockstarguy

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Quote from: Aanuoluwatofunmi on August 03, 2023, 04:54:00 PM

Quote from: Wakate on August 03, 2023, 04:31:19 PM

Getting rich is a decision we need to make by ourselves and also work by it. Becoming wealthy is a meter of decision making and going closer to people that have good business ideas so that we can improve our business knowledge. The friends we keep is also an important part we need to play to be wealthy. When we associates ourselves with people that are wealthy, there is high tendency that we might gain some business ideas from them to create a profitable business that will give us good profits.

There are many things to consider which might have resulted to why some people are not rich and may not get rich unless they make some changes to those things, part of which is what you've mentioned, friends is one of the reasons why some cannot get rich except they discover such and learn to stand alone without working on friends decisions and influence, another thing is addiction, there are things we get addicted to which cannot make us get rich no matter what because the rich mentality doesn't work along with doing those things

Not as easy of making rich friends the way you think, the only way of making rich friends is either you ate rich only or you are succeeding in what you ate doing. If you are struggling trying to come up I don't think all your circles of Friends will be rich, you only become rich first before having rich friends. On the journey of becoming rich it is just important to have friends that can enfluence your growth positively to become rich. If having rich friends is the shortcut of becoming rich poor people would have made friends with rich people to become rich. Becoming rich involves so many things like good planning, working hard and surrounding yourself with people that can play good role to greatness.

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Quote from: Wakate on August 03, 2023, 04:31:19 PM

Getting rich is a decision we need to make by ourselves and also work by it. Becoming wealthy is a meter of decision making and going closer to people that have good business ideas so that we can improve our business knowledge. The friends we keep is also an important part we need to play to be wealthy. When we associates ourselves with people that are wealthy, there is high tendency that we might gain some business ideas from them to create a profitable business that will give us good profits.

Yes, incorporate yourself to people who are good in doing business can help you to establish yours, with so many factors that can affect you to become wealthy you need some fresh ideas from people who already doing it in advance, I mean people who already find their ways to succeed, it's not a guarantee but with basic ideas you will be able to adjust yourself and find one that fits with your personality.

Becoming rich is not for everyone, either with determination and hard work or some sort of luck that backs you up, yo'll be able to find that way if you are keen and you are doing your best to succeed.

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Quote from: dothebeats on July 30, 2023, 09:57:26 AM

Quote from: spectre71 on July 30, 2023, 09:44:57 AM

(US based opinion)

Marriage / Divorce and children were horrible to my finances. Marriage is of little to no value here and mostly serves the woman as a means. Then you work hard and become boring and she runs off with a Chad or Tyrone and you flip the bill and lose over half your assets. Heck the court can make you pay her atty to sue you!

Don't get married, don't have kids. There is no need on this planet for more people and having kids is just a societal pressure. If you change your mind just pick any single mother with 3 kids from 5 different dads and pay her bills and trash your time off.

Be single, have wonderful girlfriends and when they stall out move on. Travel the world, scuba dive, fly airplanes, ride motorcycles and keep everything you worked for.

You made good points but I think this is very subjective. I know a lot of rich people who are in a good loving marriage and family. I think it is still more on the perspective of an individual. If you can handle your finances well and smartly, having a family should not be a problem. You cannot force people to not get married cause you believe every outcome will be the same.

Cant agree more with you, the comment is indeed interesting and i can feel the honesty in it, as a married man myself, and also not being married to the perfect woman, i perfectly understand things from the angle he's coming from, but then, that can not change what have been ordained to be and last forever, make all the money in the world, without you being married and having your own kids, your life will still be full of emptiness, something will always be missing in your life, think about when we get old, and can no longer walk, and maybe cant see properly too, whos child are we going to adopt to come look after us?

No marriage any where is perfect, all it takes is both saying "lets make this work no matter how hard it is", this is why in the same US, and like you've mentioned, there are a lot of wealthy men, married, with kids, and living a happy life knowing that when they die, their wealth will not be thrown to the street for just anyone to pick up, but they already have children who will take over their wealth as well as legacy .. Did the Holy book say that a prudent man, that is a wise man leaveth inheritance for his children, children children and even great grand children?

Aanuoluwatofunmi

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Quote from: Wakate on August 03, 2023, 04:31:19 PM

Getting rich is a decision we need to make by ourselves and also work by it. Becoming wealthy is a meter of decision making and going closer to people that have good business ideas so that we can improve our business knowledge. The friends we keep is also an important part we need to play to be wealthy. When we associates ourselves with people that are wealthy, there is high tendency that we might gain some business ideas from them to create a profitable business that will give us good profits.

There are many things to consider which might have resulted to why some people are not rich and may not get rich unless they make some changes to those things, part of which is what you've mentioned, friends is one of the reasons why some cannot get rich except they discover such and learn to stand alone without working on friends decisions and influence, another thing is addiction, there are things we get addicted to which cannot make us get rich no matter what because the rich mentality doesn't work along with doing those things

Wakate

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Getting rich is a decision we need to make by ourselves and also work by it. Becoming wealthy is a meter of decision making and going closer to people that have good business ideas so that we can improve our business knowledge. The friends we keep is also an important part we need to play to be wealthy. When we associates ourselves with people that are wealthy, there is high tendency that we might gain some business ideas from them to create a profitable business that will give us good profits.

Ultegra134

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Quote from: rat03gopoh on August 03, 2023, 11:19:27 AM

How much ownership is worth someone who is considered rich?
In my own area, the criteria for (so to speak) rich people are in the lowest strata:

People have no debts.
Able to maintain his family life.

The thing is wealth is a relative thinking, I personally will take this simply. If I can enjoy what I produce as I desire, that is true wealth. Today many people are rich materially but they are actually attached.

Correct; the concept of wealth is perceived differently by each individual. Who said that I wanted to be rich myself? I don't understand why the OP is indirectly implying that everyone's goal here is to obtain wealth and become rich. There is numerous evidence through statistical analysis that shows that there's a balance between happiness and how much money you earn; for the U.S., it was approximately $70,000 if I remember correctly.

Personally, I'd be satisfied if I made enough money to be independent and live comfortably, and by comfortably, I mean being able to not worry about making ends meet and saving enough to fulfill my wishes.

doomloop

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Quote from: Gozie51 on August 01, 2023, 02:35:31 PM

Quote from: Patrol69 on August 01, 2023, 08:27:13 AM

Changing one's position is not the most important thing, living well with family is a very important thing. Money is not permanent, you have a lot of money right now, you may not have that money at some point, so it is never right to avoid family responsibilities just to increase money.

Having family obligations can be balanced with your daily life. The best way to support the family is not just about giving money but to offer real help to train members of the family to be independent and self reliant because money will finish some day or may not continue flowing like you said, so if you have succeeded in taking part of the family out of poverty earlier enough, when the money stop coming, you can also get a helping hand. Life is a circle and we have to move with it.

That is a possibility but only if your family members have enough education to be able to learn digital skills or be able to learn about any other skill that can help them get a job somewhere or at least start a business of their own but that will again require ample investment which they won't have initially. Also, if your family members consist only of females, then you don't really have that choice of making them financially independent because a lot of people wouldn't want their females to go out and work, I know it's a conservative thought but it does happen a lot.

Also, things like these only happen when you don't earn enough to feed both your own family which is your wife and children, and your other family which is your parents, grandparents, and siblings. If you earn a lot of money, you shouldn't have any issues feeding them as well.

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Quote from: Peanutswar on August 03, 2023, 08:58:14 AM

Quote from: Y3shot on July 30, 2023, 06:42:58 AM

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.

We cannot deny that there's kind of culture in that way on the first statement most of the family members keep supporting each other so they contribute their money even though they don't have left on them and I feel that situation too its one of the responsibility that we cannot remove unless you want to focus in your self, another thing is make your self educated with the investment and change your lifestyle, one of the best examples is there's a person who knows investment properly with their money, but the other one keep making a lifestyle inflation too which is their expenses increase and not to keep making an investment in the future.

Sooner or later, you would really be making out those self realizations that you must really be having that kind of savings for yourself in terms or in talks of future because giving it all would really lead you nowhere

and on the time that you are the ones who would really be needing then you would really be finding yourself on huge problem since there's nothing left on you.This is why you should really be not able to forget on what are the important things.There should be always a limitation and i do agree in some words that you must really be tending out to set those lines because you cant just gave out everything like forever.
Its true that there would really be that sense of responsibility on to your family on the time that you do finish your studies and able to get your job which it isnt really that wrong
but we know that if everything is been given out on the sense that there's nothing left then this is where bad things happen.

You wont really be seeing yourself to be that progressive if you do lock up yourself on such condition. Always be that considering on having that kind of mindset which is something
that would really be good for you.

Onyeeze

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Some of our article we write in the forum happened in real life, i such love like this article because it's looks like what that happened in a real life and what op stated is one of the following things that brings some people down, what I know concerning the statement is that family challenges doesn't bring people up and what it does is to bring people down and if you are not careful enough in family problem it will make you to poor, it should be good for you to know that family problems suppose to cut off from your path if you want to succeed in life. One of the things is that you have to your to be pure and that will make a rich to continue to be rich because you have identify your path

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Making yourself independent from family than having more dependents could be a reason to stop a person turning rich. The basic thing is the acceptance of the people. Poor people were surrounded by the level of people and they come to a conclusion this is how life needs to be. Lets accept and move on, and this needs to change. Next major thing is the lack of knowledge, and they earn someway but don't know how to use it in a wiser way or how to invest properly. Maybe one these things could change overtime.

khiholangkang

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Quote from: rat03gopoh on August 03, 2023, 11:19:27 AM

How much ownership is worth someone who is considered rich?
In my own area, the criteria for (so to speak) rich people are in the lowest strata:

People have no debts.
Able to maintain his family life.

The thing is wealth is a relative thinking, I personally will take this simply. If I can enjoy what I produce as I desire, that is true wealth. Today many people are rich materially but they are actually attached.

Wealth is indeed subjective, depending on one's personal view of wealth, say it like what you gave an example that simply not having debt and being able to support a family can already be said to be true wealth, that's true and I agree with your thoughts, but maybe it's more precisely this is based on the general view of the economic class which has certain categories in its assessment, such as income levels, education levels, various needs that you can fulfill without thinking about payment because you have a high income from your job or business.

And achieving general socio-economic welfare is indeed quite difficult and some of them have barriers to reaching that point, such as laziness, not wanting to study, not doing more work or no investing and so on.

rat03gopoh

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How much ownership is worth someone who is considered rich?
In my own area, the criteria for (so to speak) rich people are in the lowest strata:

People have no debts.
Able to maintain his family life.

The thing is wealth is a relative thinking, I personally will take this simply. If I can enjoy what I produce as I desire, that is true wealth. Today many people are rich materially but they are actually attached.

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Quote from: Y3shot on July 30, 2023, 06:42:58 AM

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.

I do not agree if you are stingy with your family for the sake of material pursuit to achieve financial freedom, family includes parents, siblings and wife. They are all people who always care and support you from being nothing to becoming a successful millionaire. The success you have achieved is thanks to your hard work, I agree with this, but the role of family cannot be separated from the success you have achieved. For me personally, I will do anything to help my family even if I have to postpone success.

Family is one thing that cannot be separated from our lives, helping your family doesn't mean you don't know how to manage your finances. There is a very emotional relationship that cannot be separated between a person and his family, never forget the people who have contributed to your life just to pursue financial freedom, wealth is important, family is far more important.

AicecreaME

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I agree.

Cutting ties with toxic family is the best thing to do to save yourself and to bring bright future for your own. Being used by toxic family like making you their retirement plan is the worst thing ever, because you have no responsibility or whatsoever to be their retirement plan in the first place. It's not bad to help them but to the where they are obligating you, that's a red flag.

It's not gonna make you rich instantly but at least your mental health is safe without toxic people in your life. A healthy life and a clear mind will always bring you something good.

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Quote from: Y3shot on July 30, 2023, 06:42:58 AM

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.

We cannot deny that there's kind of culture in that way on the first statement most of the family members keep supporting each other so they contribute their money even though they don't have left on them and I feel that situation too its one of the responsibility that we cannot remove unless you want to focus in your self, another thing is make your self educated with the investment and change your lifestyle, one of the best examples is there's a person who knows investment properly with their money, but the other one keep making a lifestyle inflation too which is their expenses increase and not to keep making an investment in the future.

Litzki1990

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How to use money and how to protect money can be one of the main reasons behind whether one becomes rich or not. Getting rich is a very difficult thing for those who have a habit of spending too much money. Even after earning a good amount of money every month, when you don't have enough money at the end of the month, you need to understand that your spending is high and you need to control it. Money is very important for every moment of life, so money should always be taken seriously. There is no point in spending money without additional needs. If you can't reduce your money expenses even after trying hard enough, then one month you will not accept salary and one month salary you will hand over to your mother and one month you will try to live very hard. When you try to live without money for a month, you will understand how money can last a lifetime.

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Quote from: xSkylarx on August 03, 2023, 04:46:28 AM

Quote from: Maslate on August 02, 2023, 04:28:13 PM

The clear reason why we will never become rich because we are not willing to do it in the first place. We are not ready to take some risk that will eventually bring a lot of positive changes in our lives. Some may dream to becoming rich, but their efforts are not enough but only limited. However, in my own point of view, becoming rich may take a lot of process before it will sink in to me, but at least becoming financially secured at some point is what I am working at the moment so I can still live a comfortable life.

The only key really is taking risks; that is the only key to getting rich, but lots of people, even myself, are staying in their comfort zones, meaning we are scared to take risks or we have just other reasons, like we don't take risks because of failure, meaning if we fail, we don't have a backup solution and we would starve, including our family. If we have a backup plan, we will take those risks and try our luck to see if they are worthwhile.

You have a point here. Most billionaires are willing to take risks in order to open new doors for their businesses and connections. However, unfortunately, some of us cannot afford to take that much of a risk as it may put us in uncertain situations that can cause problems to our finance and family. It will be hard for us to stand back up or if worse comes to worst we take loans and end up with more problems to deal with.

xSkylarx

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Quote from: Maslate on August 02, 2023, 04:28:13 PM

The clear reason why we will never become rich because we are not willing to do it in the first place. We are not ready to take some risk that will eventually bring a lot of positive changes in our lives. Some may dream to becoming rich, but their efforts are not enough but only limited. However, in my own point of view, becoming rich may take a lot of process before it will sink in to me, but at least becoming financially secured at some point is what I am working at the moment so I can still live a comfortable life.

The only key really is taking risks; that is the only key to getting rich, but lots of people, even myself, are staying in their comfort zones, meaning we are scared to take risks or we have just other reasons, like we don't take risks because of failure, meaning if we fail, we don't have a backup solution and we would starve, including our family. If we have a backup plan, we will take those risks and try our luck to see if they are worthwhile.

Pejoh Asu

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In my opinion, rich and poor are a mystery that we cannot control, facts in life are of course very diverse, rich people do not depend on education, intelligence, heredity and so on, I have friends who at school have bad grades and there are friends who always have grades nice, disciplined and always get rankings, but life nowadays is that the stupid ones are rich and have employees while the smart ones are still poor and only get minimum wage salary.

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Quote from: Y3shot on July 30, 2023, 06:42:58 AM

snip

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.

very true in some areas, breaking away from dependence on family is very difficult, you will be labeled as a disobedient person if you are unable to help your sibling who is in trouble, even though you yourself are in need of help, being independent is really better.

apart from that there are some people who when they get a lot of money they immediately buy the latest car or smartphone, to be honest both of them are liability products and in the next few years it is possible that the expensive purchased goods will become worthless, investing is something that is very mandatory in many people do today.

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