Reasons you will remain broke as an adult - page 4.

TheUltraElite

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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.

Being disciplined and having your own code in every aspect of life can save you from veering into the wrong track at the wrong time.

At younger page people tend to spend more and be less teachable but they can correct themselves putting their ego aside and if they are actually enjoying the work they are doing then defenitely they can do this. Problems include the fact that people are often not doing the job they wanted and this is an effect of many things which are not worth discussing.

A lot of the times "broke" is an effect of excessive spending more than earning, so I think people should address that first. Then go for savings and then attempt to work on their education, if they have already crossed that level.

Crypto Legend

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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.

fauzan Ichsan

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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

Oasisman

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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.

If that works for every single person in this planet, then nobody would be willing to do the dirty work like construction, farming, and the job that requires 100% physicality that'll make you sweat all over your body.
It is not only the lack of financial knowledge that's causing poverty to the people, some people do not have choices but to live with what they knew or skills due to limited level of education. The government also plays a huge role in poverty prevention programs. Unfortunately, majority of the politicians are corrupt, so we expect no help from them anyways.
And if your definition by success is having unlimited wealth, well that's not what I define success.
Success, is when you're happy and contented with what you have because you've reached your goal.

Tallupooh

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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.

Leviathan.007

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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.

BRINIRHA

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() As long as we can always adapt to the times, as parents we will still be able to see good opportunities even though we are in the middle of a crisis.

() we must always dare to try new things, should not be closed from the outside world.

() we must continue to add insight so that we can always improve the standard of our lives armed with the insights we have.

() bankruptcy occurs when we are too late to realize the mistakes we made.
but if we are aware of the error early on then we will definitely try to fix the error earlier. so that bankruptcy does not occur.

ethereumhunter

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Quote from: freedomgo on October 09, 2022, 05:25:49 PM

Quote from: ethereumhunter on October 06, 2022, 03:36:05 AM

Many people blame the government because their policies are often not the reality of society, so they protest against the government. But we should also try to try to work well and not violate the rules that the government has made.

Whatever happens, we need to improve our abilities by learning and trying because we will never know which door will give us success. So by continuing to try, we can get results that work for us.

Sad to say, people complain first before doing their own part. If this is the mindset, one will never achieve life’s success. Although some government policies are not really on our side, but maybe this will also bring good in the future, so we should also be considerate. Let’s just focus on our own and always take time to learn and gain, and go out from our comfort zone if it’s really needed, that way we can always have more opportunities to bring life’s big changes in the future.

Yes, that's correct. The comfort zone makes us lazy to think about how to have a better life and don't want to try something new, which happens to most people. But if we learn something that might bring good changes for us, we can achieve success in life. Indeed it takes time but no one knows when we can achieve it. Maybe it will not take too long to achieve it and just need some real action from us. We have to focus on improving what needs to be done because each of us will want to achieve our desires in the future and that is why we must continue to take the time to learn.

meser#

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Many broke adults can find themself on this paragraphs. I want add one more; they don't know how to become adult or they don't realise they became an adult. They spents their time as they wished but they're forgetting tomorrow. They dont want to be responsible. They are ignoring future's problems. When they realised; they starts to blame life, parents etc.

Die_empty

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

The rate of poverty keep increasing in most country especially as inflation strikes all natlions. One can move out of poverty even during inflation when necessary steps are taken. Most adults are broke because:
👉👉They are not proactive
👉👉You do not value your time
👉👉You don’t have a skill
👉👉You are not teachable
👉👉Failure to take action
👉👉Reckless spender

All the points you raised OP as the causes of poverty among adults are all valid but I want to add mine.
Some persons must have gotten all the skills and done all you mentioned but became poor due to unforeseen circumstances. Recently there are issues of flooding in my country that have crippled many businesses and homes. The owners of some farms and small and medium-scale businesses would not only become poor but will become debtors because they took loans to start or expand their businesses. In my state, we have had several fire outbreaks in major markets that turned multimillionaires to bus conductors and laborers. A natural disaster can make a once successful adult become very poor.

Another reason an adult can become poor regardless of all his positive effort is sickness. If the person becomes sick or any member of his immediate family has medical issues, it could affect the finance of the family. Sickness would make the individual not put in the needed efforts for the success of his endeavor. Sicknesses are sometimes very expensive to treat or manage, which could lead to poverty.

Raflesia

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Quote from: Raflesia on October 07, 2022, 06:38:37 PM

Well in this case it is true, even though there are indeed some government policies that certainly guarantee their citizens, but we as humans who have advanced brains and thoughts will certainly not make this too comfortable because we definitely have targets in life and of course money matters. in this case though it is undeniable that there are some that cannot be obtained but at least we can meet our own needs and that must have money and we have to think about how to get money. It could be by working or doing business and we cannot postpone our lives to the government because as long as we are still we are trying to depend on other people for our lives.

i want to add one more point and that is
They are greedy- they would do anything to get the money whatsoever.
This is karma - if you do wrong you will face the consequences - sooner or later.

Actually in this case regardless of karma or not we must be aware that what we sow is what we will reap and actually in this case I don't really believe in karma, the most important thing is to do what I can to support my life needs by correct then the result will return true and until now that's what I always believe.

TimeTeller

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Quote from: Cryptomultiplier on October 09, 2022, 05:42:42 AM

Being broke is a common phenomenon these days, in that the economic value of things has increased with demand, occasioned by looming inflation. Even those who have jobs get broke a week or two after their salary has been paid. It may be due to bad spending habits, bad debt, choosing luxury over assets, and so on.
However, laziness contributes to the lot too. Whereby one doesn't want to dedicate an ample amount of time to learn a trade or skill that will fetch money, instead they chose to relax and sleep or, procrastinate, for reasons they deem fit. Also when one has some money, even though not sufficient, the ability to invest a certain fraction for future or immediate profits is another.
A broke person has no friends mostly a friend who is wealthy. The rich avoid the poor for this same reason of myopic thinking.
If any one remains broke for not having the patience to stay consistent so as to reap reasonable wages, he/she will remain broke. Old age is not as long as one may think, and it comes faster where one doesn't have finance to keep up with times and trends.

In other words, being broke as an adult is like a choice.
Because as you grow older, you will find ways on how to alleviate your economic status.
It is true that you can always find your options how to generate income if you are being diligent about it.
It is not about where you came from, but how you fight for this life as you grow older.

freedomgo

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Quote from: ethereumhunter on October 06, 2022, 03:36:05 AM

Many people blame the government because their policies are often not the reality of society, so they protest against the government. But we should also try to try to work well and not violate the rules that the government has made.

Whatever happens, we need to improve our abilities by learning and trying because we will never know which door will give us success. So by continuing to try, we can get results that work for us.

Sad to say, people complain first before doing their own part. If this is the mindset, one will never achieve life’s success. Although some government policies are not really on our side, but maybe this will also bring good in the future, so we should also be considerate. Let’s just focus on our own and always take time to learn and gain, and go out from our comfort zone if it’s really needed, that way we can always have more opportunities to bring life’s big changes in the future.

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Quote from: Wong Gendheng on October 09, 2022, 09:09:11 AM

Most people fall asleep when they are young, they do and buy anything they like without caring for old age preparation, so that when they come old age they regret and immediately sell anything for needs, when all assets are sold, they become poor.

The habit of living too comfortably often makes this happen, in fact not all of them are like that but most of the young people are like that because most of them have lived well and are provided for by their parents so they never think about their future. .
But it's a different story when they are faced with a life that can be said to be mediocre or even less. I think this can be the most powerful way for them to think and think about old age.

Wong Gendheng

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Most people fall asleep when they are young, they do and buy anything they like without caring for old age preparation, so that when they come old age they regret and immediately sell anything for needs, when all assets are sold, they become poor.

TribalBob

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Quote from: virasisog on October 05, 2022, 12:31:42 PM

Quote

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.

right, poverty is not the government's fault 100% the fault is in us too as you said,
managing finances is the most accurate thing so that we avoid poverty during this inflationary period, but no one knows with the current situation.

ethereumhunter

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Many people think that the future or old age can be passed happily, finance and freedom of time to do pleasure will certainly be a hope when old age, but we must be aware that the future will be more difficult because many unexpected things, for example are inflation, conditions health and so on.

If they don't start working hard in their youth and prepare for their old age, they will not be happy. We see that many young people work hard to have a good old age but apparently, many are also tempted by worldly life while not preparing for what they will do in their old age. If we can start now, we can certainly have good old age and enjoy our old age happily, even though the future conditions will be more difficult. Growing old is a certainty, and we still have a chance while we are young.

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Being broke is a common phenomenon these days, in that the economic value of things has increased with demand, occasioned by looming inflation. Even those who have jobs get broke a week or two after their salary has been paid. It may be due to bad spending habits, bad debt, choosing luxury over assets, and so on.
However, laziness contributes to the lot too. Whereby one doesn't want to dedicate an ample amount of time to learn a trade or skill that will fetch money, instead they chose to relax and sleep or, procrastinate, for reasons they deem fit. Also when one has some money, even though not sufficient, the ability to invest a certain fraction for future or immediate profits is another.
A broke person has no friends mostly a friend who is wealthy. The rich avoid the poor for this same reason of myopic thinking.
If any one remains broke for not having the patience to stay consistent so as to reap reasonable wages, he/she will remain broke. Old age is not as long as one may think, and it comes faster where one doesn't have finance to keep up with times and trends.

Fara Chan

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To achieve the value of success in adulthood will be determined by the journey process that we develop. Time, creativity, skill and focus on the goals we want to achieve, without seriously pursuing these four points, then to achieve the value of success will be very difficult.
The presence of the government only makes it easier for the community to achieve something they want, but does not fully expect from the government to encourage the community to achieve the value of success, if this function is placed on expectations that are too big, then the presence of the government cannot fully reach everyone.

gantez

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Many people think that the future or old age can be passed happily, finance and freedom of time to do pleasure will certainly be a hope when old age, but we must be aware that the future will be more difficult because many unexpected things, for example are inflation, conditions health and so on.

Old age is suppose to be an enjoyment time of the life of person and not to expect it to be difficult for us. If we want enjoyment in this time we should have to work hard now as young people so that in the future old age we have many joy but not continue to suffer. Being young we have the strength to work, we have good idea running inside us and if we can invest right we won't found old age as difficult because the labour we did in our youth age and invest we can begin to relax and enjoy them. We don't need to suffer in old age if we invest while as young people and the investment we give us financial protection to live and taking care of our health bills, feed properly also and take care of the children.

Topic: Reasons you will remain broke as an adult - page 4. (Read 1664 times)