Topic: Reason why you will never become rich - page 7. (Read 1221 times)

I think the main hole for someone in managing their financial management is very influential in their economy. Because if someone is very royal or wants to live in luxury without being supported by commensurate income then he becomes someone who will live continuously under the pressure of luxury without realizing that he is entangled in a lot of ongoing credit.

On the one hand, if a person is able to balance the expenses and income he gets, then he becomes someone who continues to live in an all-sufficient life. A solid reason why we are never rich is because wealth is measured by how much we believe we are already rich. Because the benchmark for wealth is not us who measure it but other people who say it.

Maybe because some of the people are having delayed gratification but the thing is they understand and execute it in a wrong way. People that getting high salary their expenses are getting high as well. We should learn to manage both, in order for us not to be unto debt, it is not bad to buy luxury items but we should know our limits and it should be manageable.

The way people spend for luxury and trying to achieve expensive lifestyle even if they don’t have enough means to, that’s exactly the reason why they don’t prosper and become rich. It’s like that some of us live their life to impress others and take an edge over unfortunate ones, not realizing that staying in that mindset will only pull them away from their goal of being rich. While others are busing spending and trying to flaunt all their expenses, wise men prefer to do it secretly and when they finally achieved their dream to be rich, that’s the time they will start to get out from their box and show everyone how far they achieved in life.

Indeed you are right, but on the second flip he is not forcing anybody not to get married, he just released his thoughts regarding the thread. People, like myself, think alongside his ideas or opinion, because on the long run spending time is different from spending money. I value my time and always tend to diversify my time as quick as possible, since the world didn't segregate us from meeting new people, which helps to generate new ideas. They're multiple kids on earth, population control is thriving; born less than 2-3 kid as result of over population. Hence if a single mother exists with kids and no father to ride or lead the family journey a single man can take it as a fresh responsibility to help the existence of those kids. Looking at his points, a man should be able to enjoy his life and not get tied down to people who may neglect him in future, just like the divorce issue he raised. Imagine the emotional meltdown it'll cause the man to share his property or wealth because his wife, whom he worked and stressed himself to sustain, decided to leave him out of few reasons that can be corrected. Hence, in essence, everyone decides what they want and it's rare not to find people who think like us. His ideas are not bad, though raw and forward, but will be of good benefit to the man on the long run. But for what the OP is saying about family, I don't accept that. Family helps us to work hard and provide a good life to make them happy, kicking them out or not reaching out to them won't help us emotionally either.

So you can follow OP's advice, and then die rich

I am not the kind of person who wastes money in expensive clothes, cars or whatever to impress others. I even try to save and not spend what is not mandatory in a normal life, like food, taxes, electricity... but if you only live to improve your position and don't spend your time with your family and loved ones, or if you don't indulge once in a while, you will live a bland life and chances are that you will regret when it is too late.

But I agree with the general rule that saving is better than spending, and investing is a good alternative to increase one's income, taking always into account the risks involved. But as you said, if you spend most of your money in future garbage, you already lost.

It depends how you define "rich" really because to many people that can mean more than money. However even if we are just talking about money then it is all relative, some people can get by on a much smaller amount than others, even if they live in the same area, because of the lifestyle they lead. I've seen people waste vast amounts on leased cars and overpaying for "luxury" holidays, where they could have made their money go a lot further with a bit of planning. With the right financial strategy anyone can become comfortable if they've got an average size job and are able to cover all their bills with a bit to spare. However it requires investing and adding a level of risk to your money, which many people find too uncomfortable.

Well, you cant really blame out those people who do really try to do their best on helping out their family or relatives in terms on letting them be able to apply for such job even if it would really be on the same company which this one turns out to be a basic thing that you would do as a help but its true on such condition that whenever conflicts arise then it would really be resulting on such situation or condition
on which it might be ending up or in result for you to have some problem towards your day job or on whatever venture that you are into.

This is why some people wont really be that minding much when it comes to this kind of scenario on offering some help even if its available because they dont really like to experience out such hardship on the time
that possible problems to arise. Becoming not rich? There's no way for us to assure that we would become rich and this is something that would pertain about hard work and make out some investment
at the same time it would really be requiring a little bit mix of luck when it comes to this matter. It all varies on the situation basing up on what you do and on what you decide.

I have separated from my parents but I always give their needs every month, this is not big but at least with what I give to them it is enough that they are happy with the gifts from their children who are now able to provide even though they have a family.
The distance between my house and my parents is not too far, but I also often do social with neighbors but never discuss about this family relationship they live each including me too, but I am always familiar with the neighbors here.

It must be! If not in managing finances well, then how much income will not be enough if it is still wasteful in spending, it must be balanced with the needs that are needed and I must also be able to set aside to save/invest in other assets (bitcoin). currently I am still working in the office and the business that I live in that I develop with my family + wife the income is sufficient.

I saw large number of individuals who rely on just a single source of income and also they conduct their homes well. The way of double job is introduced now but there are lots of people in past who just work as government employee and fulfilled all the requirements of his children and families.

They can get rich even with a single income source but time will required because everything cannot happen in a seconds. Bad time goes and good time arrives everything changes with passage of time so no one can says that now if I am poor then will remain poor till death but think about the resources and try to seek that how to conduct the responsibilities.

That is going to be in another discussion because if we all got rich by acquiring bitcoin even before they hit the $1 target, it would still be a struggle to almost all of us because another problem would occur, how can we maintain our wealth and make it more bigger? The answer relies on the holder if how determined he/she is to maintain their wealth because we cannot deny that some people will eventually have a hard time as they don't even know what to do after that.

Back to the topic, I know fate is real and we cannot contradict it but sometimes, we also got to do our own job by dictating our own fate in life as we cannot just sit down and relax while waiting what does the fate have for us. In fact, there's a saying for that, it's not our fault if we are born poor but it is surely our fault if we die poor.

I believe this statement is a mistake because you cannot abandon the family that raised you and still boast of doing well. Family Is everything bro and charity begins at home.
In struggling, you strive for more financial upgrades, and always carry family along because if you don't, when you might reach the top, you may have lost your family while busy chasing finance. That's when you'll taste the depression of rejection from family or total loss of the family you once loved and belonged to.

Your other points are good, but for this very one above, its a no for me.

Exactly, the family will just guide you their own way to success but we all know that we are all unique and have different skills that could give us advantage for being rich. I think they are lucky enough to have a rich family as they could find their own way to success freely since they have the support of the family as they provide the financial needs you'll be needing in the process. But for those who doesn't have their back by their family has a lot of experience before reaching success as they need to sacrifice, suffer and endure those problems and issues on their own. Yeah I have a belief that you can't have everything in this world, there's something you will feel you lack of it's either to financial, love, family or anything else because that's human nature.

Honestly, I do not agree with the opinion that you suggest this. Because in your opinion the family is an obstacle or a burden that will block the path of success, and in my opinion your opinion is a big mistake. Especially when it comes to responsibility, a man (especially) is definitely obliged to be able to provide for his wife and family. If the man (husband) doesn't want to support his family and even considers it a burden, then why do you want to get married, and where is the sense of responsibility. So basically, don't make your family a barrier to get to the path of success/wealth, because it is precisely from their prayers (children & wife) that a father or one who earns money can always be given smoothness and success.

I agree with this opinion, because it is true that managing finances is indeed necessary and even mandatory if you want to progress quickly financially. Income and expenses must always be recorded every day, so you know how much it costs each month. Then don't put too much priority on the will, but must prioritize the needs. And finally invest, If all the needs are met, that's the time to insert the remaining money, then save it and after it's collected then start buying it for investment assets, whether it's bitcoin, gold, or real estate.
That way, if it goes well these assets can grow and multiply the money.

Agreed, For the first point There is a saying in my country that says "When all our affairs are smooth so that we become successful, and when we are safe from danger it means that one prayer of our parents has been heard by God". I think this is true because it is parents who will continue to pray for us when everyone forgets about us.

So, for me family is not a burden, and you have to help even if it hinders you financially. Because in my opinion, it is family that makes us passionate about making money, family happiness is also our happiness. Not that they are being stringent, but try to remember how the family tried to find money for your school fees and expenses when we were sick. Even though they have to be in debt they still work for us, so it's only natural that we help them when they are a little successful, and have income, even though sometimes it's hard to share a little with the family but believe me you help them don't make us poor.

I think so. There are many millionaires and billionaires around the world who have succeeded and built their empires without a family by their sides. Maybe that is why they had a lot of time and conditions to dedicate and focus on their financial and professional development, although after all they become what we call eccentric millionaires, who are lonely and have nothing besides a plenty of money to spend, waste and boast around.

So it really doesn't look a fair exchange in the end to sacrifice the social aspect of their lives for more money and financial achievements.

That's right, because this happens a lot. And it's good before hiring your family members in a company that is closely related to you or your own company, you should assess family members who you know well for your consideration and give firm advice so they can work well. And you also have to act professional in case of misunderstandings, because after all family is the closest place when we have problems.

To be honest, before I got married I was the backbone of my family and I didn't think I should be rich because they really needed me. But what I felt at that time was that I never lacked money or fortune because I considered it a good deed, even noble.
and there's nothing wrong with doing that if you love your family, especially our parents. Because we can't always be like that, because once we get married and have kids, that's going to be our priority, and it's real.

Aside this, every time not invested is wasted, what are the things that are taking much of our time and not yielding any positive change to us, also many of us are too used to one single model of adoption and the way we think to be in one direction, whenever we are doing something but not seing result mean we should stop ad recheck for what's going on, if we are not doing what others does we may not see what others are seing and till then we may keep making comparison but not arriving at their own kind of result, we need a change in approach, mentality and apply new models that could help push what we do to the next level without wasting time, we can also learn more to increase in knowledge if needs.

In my opinion, the first opinion that we are only bothered by families who need help is wrong. From a calculation, of course, the families we help are a burden, but in reality, the family that is our responsibility is the motivation and the door to get the ease of making money.

For me, as long as you don't splurge and buy a car, a trip or a luxury phone...All is not considered wasted because the purpose of our hard work is to have a better life and not to torture ourselves in poverty to death, and the money remains unused. Save for the future but don't be too stingy with yourself, enjoy life within your financial means because we only live once. Wasting and enjoying life are two completely different things.

The simplest reason is that they are still comfortable with a bad lifestyle. comfort can make ourselves forget to give more extra time. Even though there are many stories of successful people, they pressure them to always work harder. don't get caught up in your comfort zone. because of the fact that no wealth can be generated in a short time. unless we were born in a wealthy family. And we are trained since childhood to become a businessman or entrepreneur mentality.