Reasons you will remain broke as an adult - page 3.

Lanatsa

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Quote from: tygeade on October 17, 2022, 07:41:23 AM

The skill required is the real expense. I can afford to spend thousands of dollars, not that I have that kind of money but I could get a loan, that’s not the trouble, I would be able to get a loan as high as 10k dollars. But, can I start a job? No, I cannot, why? Because I do not have expertise in any field other than my own, and my own is a saturated market that I cannot do myself.

This is why it’s clear that we are talking about not money, but skill that is keeping people away from it. Running a business requires some sort of experience where you would have to learn the job, and after you learn it at a good level at someone else’s company, you can then quit and start your own.

I have seen many adult - staying idol and not working for less salary because their ego is more dear than their need.
I know and personally have seen adult want to join an office on their conditions. They want to work but they want to work on very higher salary and all the terms they decide.
For me these people remain broke because they are selfish and arrogant and greedy. They should remain broke because they are meant to be

Each one of us does have that certain level of ego which we do really stick into that or something that do talks about principle in life even though it is already on the situation where its already hard but still they have chosen to stick around and keep looking for something better.Well, its not bad to have that kind of behavior but if you are really having some problems when it comes to daily survival
then it is really just right that you shouldnt really be that choosy on whatever its available.

You would really be finding yourself to be broke if you do keep on choosing just because the current you are seeing doesnt fit out on your interest or standards
which is a behavior that does have its cons too.

tygeade

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Quote from: jostorres on October 14, 2022, 03:04:41 AM

Quote from: fauzan Ichsan on October 11, 2022, 03:32:00 AM

in working the heart and mind are in harmony, so that from previous failures we can think to improve it so that it does not happen again. having several business fields will bring us to a healthy business stability, considering that all our efforts have been planned beforehand, and finally we leave the results to God, because we can only try our best, and we should not be arrogant here

These days starting a job is as cheap as it gets. You could literally start any business with $100 alone and would do a good job, all you are required to do is making sure you can do it yourself, and not hire other people to do it for you. Or you could partner with someone and you can cover each others shortcomings as well if you want to.

I used to have this dream of starting a brand, but I didn't know the field very well, I knew the marketing part well enough, and I found a friend who was good at the field, and we wanted to partner together but it didn't happen in the end. So if you really want to start something and then fail, it’s cheaper than ever now.

The skill required is the real expense. I can afford to spend thousands of dollars, not that I have that kind of money but I could get a loan, that’s not the trouble, I would be able to get a loan as high as 10k dollars. But, can I start a job? No, I cannot, why? Because I do not have expertise in any field other than my own, and my own is a saturated market that I cannot do myself.

This is why it’s clear that we are talking about not money, but skill that is keeping people away from it. Running a business requires some sort of experience where you would have to learn the job, and after you learn it at a good level at someone else’s company, you can then quit and start your own.

FanEagle

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Quote from: bestcoins1 on October 15, 2022, 04:17:20 AM

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Everyone certainly understands that during the adult period, productivity will be reduced, even many people are bankrupt because they do wrong things, for example is a financial arrangement that is not thorough, if we have no investment then the possibility in the adult period we will experience difficulties.

Difficulties are only for those who do not have valuable assets and also the next generation, because usually people who are very mature or old will work as best they can in life and the rest will be continued by the next generation like their own children. That's why educating his own children is also very important because it is also a very good asset for life and he can also take care of every property he already has when he has been taught very well.

Life is our best asset, we are given a good chance and we will be able spend it however we want. No matter how rich or poor you are born, if you waste your life then you will never achieve anything. Do not consider success measured by how others do, consider what you think success looks like. For me, it looks like spending as much time with my family as possible, not job, not work, not anything else.

Because money can be earned one way or another, but time spent with your family can't be replaced, and if you miss their life, then you will never get it back. Which is why always use life as you want to as much as you can, you won't get a sequel.

romeitaly

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I'll agree with this! To get a chance not being a broke adult one, always find a motivation and goal that can bring you to a successful someday like having a business. Never stop find another goal after you successfully achieve your current goal.

bestcoins1

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Everyone certainly understands that during the adult period, productivity will be reduced, even many people are bankrupt because they do wrong things, for example is a financial arrangement that is not thorough, if we have no investment then the possibility in the adult period we will experience difficulties.

Difficulties are only for those who do not have valuable assets and also the next generation, because usually people who are very mature or old will work as best they can in life and the rest will be continued by the next generation like their own children. That's why educating his own children is also very important because it is also a very good asset for life and he can also take care of every property he already has when he has been taught very well.

Mauser

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Quote from: odunybiz on October 05, 2022, 08:17:41 AM

CONCLUSION
Most time we blame our government and economy for being poor. Although they contribute largely to the masses poverty but we also need to work on ourself to make a difference out of the bad economy.

The biggest problem I see that hinders us from becoming rich, is that the living expenses are rising faster than our income. You made a lot of good points in your post that can help us to save money as an adult. But the big issue is still that our expenses are growing once we get older. We need more money for ourselves to cover medical costs and save for retirement, then we also need more money for our family to support our children or parents. Giving our kids the chance to go to university requires savings, same for helping our parents to find a good retirement home. All the costs keep rising a lot once we are get older, while our income usually only rises 1-2%. That means we need other sources of income to offset these additional costs. Having an investment portfolio seems like the best idea, investing in different asset classes like stocks, bonds, crypto currencies and commodities. The broader and better diversified our investments, the higher the chance we make a decent return overtime. But if we don't start young to build up our portfolio over time it's going to be hard to get enough capital later in life.

Silberman

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Quote from: isaac_clarke22 on October 13, 2022, 12:46:04 PM

There are some people that are literally broke, but are not really lazy. Just unlucky and there is no point blaming those kinds. Due to how horrendous that person's economy is, there's nothing s/he could do about it but to keep trying and take any jobs available.
It does not stop a person to keep looking for another opportunities though while being in a job that exactly pays bills and sates the needs.
This is why there are also some people trying to freelance. They are trying to look for opportunities from a developing country to at least sell their skills.

It is true there are people which are broke and it is not really their fault, for example those which got sick with a disease which requires a very expensive treatment may find themselves broke at some point during their lives, however if those people also have several different skills then it is unlikely they will remain broke for the rest of their lives, it will take them some time to get their life in order but with enough effort those people will eventually do it.

IIrik11

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Quote from: adzino on October 12, 2022, 12:48:28 AM

Your list seems to be blaming the person for being "broke as an adult". Easy to blame others for their misery when you aren't in their shoes. It is not always their fault. Look at those poor and developing countries. Lots of "broke adult". Do you think they are broke because of everything you said? Or are they broke because of lack of opportunity, economic disaster, corruption and failure of the government? There are lots of skilled people out there but they are still broke thanks to their messed up economy.

yeah, it is so easy to judge other people when u don't know what they have been through and why they are the way they are.

these people need to walk in their shoes before pointing fingers and saying things like these.

this is hands down the most ignorant thread i've seen on here and reminds me of a quote:

"judging a person does not define who they are. it defines who u are."

Hamphser

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You wont be broke if you arent something like this;
Reckless spender

If you do spend like there's no tomorrow and without even looking on how much income you are making.Then you are just basically messing up your life with.
Better spend on something that you can afford and something that will not really become having no savings.

We are thriving to earn as much as we can but you should also mind off on taking a balance on everything because if you do put focus much
on one side then you would be finding that there's always lacking.

jostorres

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Quote from: fauzan Ichsan on October 11, 2022, 03:32:00 AM

in working the heart and mind are in harmony, so that from previous failures we can think to improve it so that it does not happen again. having several business fields will bring us to a healthy business stability, considering that all our efforts have been planned beforehand, and finally we leave the results to God, because we can only try our best, and we should not be arrogant here

These days starting a job is as cheap as it gets. You could literally start any business with $100 alone and would do a good job, all you are required to do is making sure you can do it yourself, and not hire other people to do it for you. Or you could partner with someone and you can cover each others shortcomings as well if you want to.

I used to have this dream of starting a brand, but I didn't know the field very well, I knew the marketing part well enough, and I found a friend who was good at the field, and we wanted to partner together but it didn't happen in the end. So if you really want to start something and then fail, it’s cheaper than ever now.

isaac_clarke22

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Quote from: lixer on October 13, 2022, 12:22:48 PM

~

There are some people that are literally broke, but are not really lazy. Just unlucky and there is no point blaming those kinds. Due to how horrendous that person's economy is, there's nothing s/he could do about it but to keep trying and take any jobs available.
It does not stop a person to keep looking for another opportunities though while being in a job that exactly pays bills and sates the needs.
This is why there are also some people trying to freelance. They are trying to look for opportunities from a developing country to at least sell their skills.

lixer

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Quote from: Tallupooh on October 10, 2022, 10:20:27 PM

Lazing is something that is detrimental, free time is wasted, and afterwards regrets. Our hope is success in the future. But if all we do is laze around all the time, it will have an effect when we are adults. In my opinion, life requires hard work, if you want to make something happen. If you continue to be in your comfort zone, without doing something it will be in vain.

We have to explore our abilities. So that our abilities will grow. And don't just stand still. so that we produce something from our abilities.

It's not bad to be lazy sometimes. It helps you relax during your free time but this should not be abused. We need to spend most of our times on the things that is truly beneficial for us. It can be in a job where you can earn a guaranteed income.

It only boils down on handling your money. If you can't handle it well and spend it on the things that you don't really need or to the things that doesn't create a value overtime, then you will likely remain broke even if you already have a job and you are earning regularly but it is better than those who don't have any job at all. They are the ones who are literally broked. They are the ones who are literally lazy.

Questat

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Quote from: DudeAtWork420 on October 12, 2022, 12:05:04 AM

Quote from: odunybiz on October 05, 2022, 08:17:41 AM

👉👉You do not value your time :You don’t have regard for your time. You don’t even value your time. Time is an important factor in life and how you use it or put it to use will determine the trajectory of your life. As an adult, you may remain broke for a long time if you play video games all day, sleep the whole time, literally while away time and spend time watching movies on a smartphone or gadget that could earn you money.

This is one of the key reason and problems for todays youth. Social media and other source of entertainment is so vast that it consumes most of our time as soon as we realize that and do something necessary its already too late. Most of the people waste their time on these when few people make a living through it. Life become so automated that we become lazy and unproductive.

But if we are determined to improve our living and want achievements in life, we know how to manage ourselves away from these destructions. And instead of spending and wasting our precious facing on our phones, do social media, we'd rather make it use wisely. It was just ourselves to be blamed, not these social media because their target to give entertainment to the community but unfortunately, people have been addicted to it which is somewhat disadvantage.

Don Pedro Dinero

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Quote from: adzino on October 12, 2022, 12:48:28 AM

Your list seems to be blaming the person for being "broke as an adult". Easy to blame others for their misery when you aren't in their shoes. It is not always their fault. Look at those poor and developing countries. Lots of "broke adult". Do you think they are broke because of everything you said? Or are they broke because of lack of opportunity, economic disaster, corruption and failure of the government? There are lots of skilled people out there but they are still broke thanks to their messed up economy.

I think the OP is referring to people from countries with a certain level of wealth, not someone living in the Somali desert. In these cases, in poor countries, some of the OP's points would still apply, although not as much, as for example, someone who has a usable skill in the marketplace will have an easier time earning money than someone who can only perform unskilled physical labour.

As for more developed countries, I think the OP's points are a good summary.

adzino

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Your list seems to be blaming the person for being "broke as an adult". Easy to blame others for their misery when you aren't in their shoes. It is not always their fault. Look at those poor and developing countries. Lots of "broke adult". Do you think they are broke because of everything you said? Or are they broke because of lack of opportunity, economic disaster, corruption and failure of the government? There are lots of skilled people out there but they are still broke thanks to their messed up economy.

DudeAtWork420

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Quote from: odunybiz on October 05, 2022, 08:17:41 AM

👉👉You do not value your time :You don’t have regard for your time. You don’t even value your time. Time is an important factor in life and how you use it or put it to use will determine the trajectory of your life. As an adult, you may remain broke for a long time if you play video games all day, sleep the whole time, literally while away time and spend time watching movies on a smartphone or gadget that could earn you money.

This is one of the key reason and problems for todays youth. Social media and other source of entertainment is so vast that it consumes most of our time as soon as we realize that and do something necessary its already too late. Most of the people waste their time on these when few people make a living through it. Life become so automated that we become lazy and unproductive.

Silberman

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Quote from: Leviathan.007 on October 10, 2022, 10:06:07 AM

I would say the main reason for most people is a lack of financial knowledge people grow up and work in a 9-6 job they study in school and universities they even read books there and they leave they have got enough financial knowledge about money management, but in reality, people don't know how to save money and what to do with the money they saved because they don't know about investing and that's the key of success for most of people and the reason why people remain broke mostly.

that is correct - they study in college for 9-5 jobs and are not using their mind to be an entrepreneur
People remain broke because they dont value their skills and they just run after other to help them give a desk to work and earn

But that is not really a reason to remain broke during your life, in fact there have been many studies which show there is positive correlation between how much you earn and your education level, or in simple words the more you study the better the pay you receive on average, so educating people to get better jobs works, what happens is that many people do not know how the economy really works and then they suffer huge losses when an economic crisis strikes, which is exactly the scenario which is being played right in front of our eyes right now.

Jody.Drummer

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Quote from: Crypto Legend on October 11, 2022, 05:36:41 AM

Most people always think briefly, for example, assuming that the future or old age will be better and without doing anything, if we fall asleep with a young age that is always consumptive and wasteful then we can be sure we will become broke when adult.

I will take your word in this if indeed we fall asleep and dream maybe it can happen by dreaming in old age can be happy and successful but come on this is the real world, everything can not be obtained just from silence.
We have to do something if we want it and when we want to live well and calmly in old age, the step that must be taken is to work and take advantage of all relationships to be able to support us financially.

Quote from: Quidat on October 11, 2022, 07:57:40 PM

Its normal to have goals in our lives which would really be your motivator for you to move on or move forward.Of course it would really be needing for you to do hard work and perseverance.
Yes, it would be hard but its not something impossible for you to achieve on.Set out goals and target so that you would really be having inspiration as you do go ahead.
Sustain yourself and survive.Make out adjustments if there's something not being part of your plan or something you hadnt been expecting.
You would really become broke if you arent that careful on your spendings on priorities or important things.

We cannot be naive in this matter, because indeed with what you say such as determining life goals and working hard of course everything will be fine in the end.
What we get later is what we plant now, depending on whether we really want to live with almost the same conditions as now which is still a bit difficult in the economy or we want to change it.

Quidat

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Quote from: fauzan Ichsan on October 11, 2022, 03:32:00 AM

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Quote from: Leviathan.007 on October 10, 2022, 10:06:07 AM

I would say the main reason for most people is a lack of financial knowledge people grow up and work in a 9-6 job they study in school and universities they even read books there and they leave they have got enough financial knowledge about money management, but in reality, people don't know how to save money and what to do with the money they saved because they don't know about investing and that's the key of success for most of people and the reason why people remain broke mostly.

that is correct - they study in college for 9-5 jobs and are not using their mind to be an entrepreneur
People remain broke because they dont value their skills and they just run after other to help them give a desk to work and earn

Of course, in working the heart and mind are in harmony, so that from previous failures we can think to improve it so that it does not happen again. having several business fields will bring us to a healthy business stability, considering that all our efforts have been planned beforehand, and finally we leave the results to God, because we can only try our best, and we should not be arrogant here

Its normal to have goals in our lives which would really be your motivator for you to move on or move forward.Of course it would really be needing for you to do hard work and perseverance.
Yes, it would be hard but its not something impossible for you to achieve on.Set out goals and target so that you would really be having inspiration as you do go ahead.
Sustain yourself and survive.Make out adjustments if there's something not being part of your plan or something you hadnt been expecting.
You would really become broke if you arent that careful on your spendings on priorities or important things.

naira

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Because in the end we are we who have to create our own world. All of the above motivations are important, we do have to grow. But no matter how advanced we are who constantly impose our own power on your existentialism, maybe not people who believe in divinity. Sorry to think that I associate it with religious matters, as someone who has a religion we are obliged to try and pursue our ideals. Not only live to eat, drink, breed and sleep. Sometimes we also have to enjoy when our economy is not doing well, so try to look around us. There must have been people who suffered much more.

I do not deny that what you have mentioned above is true, it really requires ideal life principles and mature thinking. but is it just with words while you don't give an example of it in real life? At least your family first to start all the motivation that you build.

Topic: Reasons you will remain broke as an adult - page 3. (Read 1664 times)