Topic: Reasons you will remain broke as an adult - page 2. (Read 1664 times)

Posts like this are made by op and by influencers. I've been forced to learn those things that they've shared in knowledge so that I won't grow old broke.
It's fearing to be an old person and you've got nothing that you've obtained and saved from your youth days. Because we've been given all the same time and age until we grow old and it's a personal problem if you didn't do anything for you to be at your convenience when the time of retirement comes.

Time of the essence in every man’s life, but the ones wasted doesn’t mean you may not be able to meet up tomorrow but that of course shouldn’t warrant wasting any, because as a man, we are all bound to mistakes and there are consequences for such but if you learn from those mistakes and willingly ready to learn from them, you can still catch up.
There are cases where people waste their youthful age and regret their actions but even with such mistakes, life usually turn out fair or excellent for them at the end but this cases are few though.

They won't be minding out because they are really that still depending into their parents which it would be normal that you would really be having that kind of confidence which you don't be thinking into those investment concern until the time comes where you do need to be independent on your own and this is where realization do comes from.

As early as you can or the younger you are,then you should really obliged yourself on finding various sources or income which it could really give out advantage compared to those who doesn't really care on that regard.

I think there are people who until now didn't knew btc and crypto, yet they are not broke. It's only about budgeting or money management if you are already earning something. If you don't have any job well you can consider your self as broke. You can always find one if you don't like that feeling or you don't want to be called like that.

There are lots of jobs outside not just here in crypto. It's almost impossible to ignore bitcoin after opening an account in this forum because the name of this forum is bitcointalk and most topics here are related to bitcoin. There are also sig campaigns which you can earn a btc if you don't have a money or guts to invest in your own in btc but congrats since you are still successful despite that.

There is also another reason. One of my friends do not care about debt, and as a couple they made huge debts, they already had huge debts and they arranged 2 vacations, and also a third one overseas to another nation, so 3 vacations that are very expensive WHILE having debt. They don't care about their loans, they don't care about their credit card debt, they just grow it bigger and bigger and bigger.

I don't know what will happen to them but sometimes I feel like it's definitely something bad for them, but then I turn around and look at the situation and think that they are still living a great life with borrowed money and nothing bad has happened to them.

Utilizing time to the maximum is the key to success in the future, when young then the best thing is to continue to invest and find a productive source of income, and most young people today only waste time with unproductive activities so that when they are old they become difficult.

Humbleness is one of the key to a successful business. An entrepreneur should be ready to learn from people's mistakes and success.


Technology become more advance everyday. One should be ready to learn along side with the technology advancement. With that one would be side line in the community and would always be relevant in the community.

I'm broke as an adult because I keep investing money and rarely taking profits. I became like that because my parents had no idea how to invest and they were always trying to make ends meet, afraid that if they touch what little they've saved up it's going to disappear. I went all in investing in various things, getting real estate, bitcoin, altcoins, but I went so far in this that I almost don't have any fiat money and if this inflation keeps dragging on for more than 2 years I'm going to have to sell some of my investments just to pay the bills

I think that people are broke because they spend too much on things they don;t need and don't know how to manage their stuff. They don't sell the things they don't use just stash them or throw away.

Ego/Pride will really be pointing you into nothingness or simply you cant really be having a good life yet you are really that too confident of yourself that you should deserve better.
If you are that incompetent, then why would ask out for some position or jobs which would really be having huge salary or pay? You dont have the rights to demand and also
you arent forced on making some application.Therefore, you should really make yourself on assessing on what are the capacities or skills you do have but if you dont
have any choice then for sure you would really be sticking into those nearest possible options.

If I wasn't open minded to opportunities like Bitcoin and crypto years ago, I would remain broke until today. Despite not being able to understand about Bitcoin and crypto, I was eager to learn more about it after it reached $10k for the first time in mid-2017.

It's where I am finally open minded after ignoring Bitcoin last 2014 after registering an account on Bitcointalk. Back then, I was too reliant on network marketing and online job career where I have failed and a disappointment to my family.

Thanks to my decision in being open minded about Bitcoin and crypto, it changed my life and allowed me to do the things that I wanna do in life like increasing my savings, travel, etc. Crypto has a lot of opportunities a.k.a. "opportunity within the opportunity", if we know how to find it ourselves.

I can understand not selling them when they are higher, because you may want to sell it even higher, but not buying when it is low is a big problem. If you buy at 20k right now, and then not sell it when it reaches 100k, then you could sell it when it eventually hits 150k or 200k, that's your own personal preference on when to sell.

However, if you do not buy at 20k at all, then it means you are going to miss out on that chance to make a choice on how much you profit. Not only there are people who don't buy right now, but the shocking thing is there are people who sell right now, and that is beyond understandable for me, how could you sell when it's so cheap and looks potentially so profitable?

True, I also think that everyone has their own economic problems, maybe the difference is how big the problem they are and how they solve it. With a difficult situation like this we all must feel the same about the difficulty of building our good finances. Instead of building a better financial situation, we are busy preparing for something we don't want to experience, namely a recession.
No one wants economic hardship, if we could choose, we would choose a good economic situation.

The standard issues is the talk for me, like employer's will want you to lower your standards to earn less when you can do more than what you earn actually because they know how eager you want that money. IMHO people should be more focused on a single skill, get to achieve a single skill and not put your energy in two things. The energy shown into anything will payback. Also adults should spend lesser than they earn and also avoid thing's that doesn't give them lucrative profits. it's a nice topic from OP, if there are adults here it will be nice to see them reading all those advice laid down.

not everyone can go on to high school and not everyone has the same desire all humans are very varied maybe you also see people who have twins who have different fingerprints let alone their thoughts to live a life full of question marks.
experience during school I was never taught to be an entrepreneur and manage finances so that the value is not eaten by inflation, what I am at school is to be able to take all subjects and obey the rules like prisoners or workers, there is no freedom to explore myself to find my identity because when I was required to master all the existing subjects, there I thought, how can I do it all while the teachers who teach me are different in each subject, with the meaning that students must have the freedom to choose their subjects to support their aspirations so that they become experts. in their field and most schools cannot facilitate this.
and in my opinion, learning does not have to be in schools or other educational institutions, we can learn faster if we often interpret every incident in our lives of course in terms of maintaining life or the economy must always carry the 5W + 1H problem formula, I think the formula is very effective without must study within the institution.
maybe when bankruptcy can't be stopped it means we have to reset what went wrong in our business and have to fix it quickly.

the most important thing for us is to have ambitions so that our goals can be achieved and must master the skills that support our goals, in my opinion, it is quite easy for today because everyone can access various information with their cellphones.

Everyone wants to work on their own terms, most have no ability to make those demands and must merely go where the money is with no choice on multiple terms.   The biggest clue to progressing or only surviving is to keep learning, most people will stop when they leave school as the job itself does not teach anything extra.   Some in good jobs might learn, may even be encouraged as an investment that would qualify as a good job even if you do not like the job its still good to gain something more then money.
  Only very few will work and learn anything outside of work, thats quite rare to make an extra effort of course people are tired but to only exist on the leash to a job not enjoyed wont ever feel enough its not just the money its a waste of peoples talent .

All of us must have our own problems in facing the economy which is currently not good, and this problem is also experienced by the government in each country, so the most important thing we must apply is by working hard and must have discipline in dealing with every job we are currently living, in fact to face poverty it is very dependent on us and partly it does affect the support of others, then every suggestion given by others we must analyze well because some of it can indeed help us to solve a problem.

Most people don't invest nowadays, and the majority of them are doomed to work from paycheck to paycheck and be completely reliant on their salaries. While the OP's points are valid, I'll have to point out that not all of us have the same opportunities in life, and that's dependent on a variety of factors, such as their country of origin or their family status. Wealth generally provides a wider range of opportunities compared to others who are struggling to get by and attend university or college, while others are forced to work from an early age in order to support their families.

The most vital thing is to not be lazy. I'm 24 years old, and quite a lot of my former classmates in university are not working or are too lazy to go find a job. Most of them are also lacking the necessary skills in order to be competitive. In my opinion, education and skill acquisition should never stop in our lifetime. After returning from the military, I'm planning on starting a variety of online courses in order to broaden my horizons.

Set your standards indeed but there are conditions or situations which you might really be that desperate on accepting the job even with less pay which simply means that you had lowered your standard and you dont let that ego of yours telling deep inside that you shouldnt have been treated like this or there's a particular wage or salary for a professional like you.Its true that not all people would really be that lucky or success on making themselves as the boss or someone who do handle out people or making out a new company.Everything do really takes on a process with sometimes been mixed with luck on whatever you've been dealing with.
You would really remain broke if you dont know on how to play with the waves of life challenges and struggles.

You cannot say someone is greedy for maintaining their standards, there should be standard take home for you as a professional, you shouldn't allow employees to exploit you because they know you are eager and looking hungry. If you are been employed as a software engineer, and they know you are qualified  and offered the job, they should be ready to pay you that quality paycheck with a good office spacious enough where you can do any job directed to your desk.
Are you even aware that some companies will use your ignorant if you don't come to terms and conditions from the start of the job in your attached employment later so that you don't cry later that you are been used and paid less as agreed, set your standard if you are professional and want to work under a person but I will even advice you to be your own boss instead working under anyone.

When you don't buy coins in the bearish season, and you don't sell your coins when the price is high in the market, it will make you broke as an adult in the community. Now that the price of coins has decreased for investors to buy and hold until the price go higher before they can sell to embrace income to become a great man or woman in the future, but those that will remain broke in the community will never follow the steps of other potential investors to know when they used to buy coins, and when they used to sell to make a huge amount of income from their investment.