Topic: Reasons you will remain broke as an adult - page 5. (Read 1664 times)
The threat to be broke as an adult can happen to anyone, this is an important lesson for us to always monitor financial conditions, if we only rely on saving while bank interest is not more than 10% per year then we have made mistakes, but with investment we can 100% profit or more.
Reckless spending is the top main reason why adults are broke, most of them. Even though they have skills and earning a decent salary, they spend it like a king every single day, that's why there's always nothing left on them after a week. It's a must to know the needs and wants, and always prior the needs of course. Without any financial management, people will always struggle if they are spending more than what they can afford.
However, they have this mindset that "you only live once" to make themselves believe that it's worth buying their wants, yes, but not always. Also, emergency fund is important, which has always neglected by so many.
However, they have this mindset that "you only live once" to make themselves believe that it's worth buying their wants, yes, but not always. Also, emergency fund is important, which has always neglected by so many.
Did you know that a buried talented person in Africa have high chances to make use of his talent in countries like US, but rather the talent was buried in poverty nations. This could be because of not being educated or lack of exposure to the modern world.
This is part of things we have to take note of especially in Africa. Alot of talented people are on the street suffer because no one is ready to help them out. It's highly good to work in ones talent as one pursue his/her degree.
Sometimes life cannot be guessed, everything we have done and we think is the best but not necessarily the result is good, we have to believe that our life is in control, success or remain broke is something we cannot avoid, things we can do is always do the best so that when we are adults we don't go broke.
That's how life is and what you say is true that even if what we do is right it doesn't mean it will work,there are no guarantees and most importantly keep trying and do your best,
What is clear is that it is not always what we hope for can be realized
I think it is rather easy to explain most common reason why a person when be broke or have an average income when he will be an adult. At first, because people are afraid to change something, to start something. Second reason - people accept what they have. They think that they cant get any bigger, better, successful. They accept their faith to early and surrender. Third reason is surrounding. If a person lives his whole life surrounded by low quality, low salary, average everything, he will start to count this as normal and dont aim to any better.
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Many people don't care about old age, they only focus on doing hobbies and pleasures that are useless, when bad things happen such as inflation, illness or others then he will sell anything so they will lose money and old age becomes dark.
On what basis do you say this? Have you done some research on it so that you conclude by saying "Many people don't care about old age". In fact, there are those who are old at this time who have never felt how inflation was in the past. Likewise, today's young people who have felt how inflation is, they will definitely prepare for their old age better at this time, although occasionally they do their favorite hobbies so they don't feel too pressured in their lives.
Many people don't care about old age, they only focus on doing hobbies and pleasures that are useless, when bad things happen such as inflation, illness or others then he will sell anything so they will lose money and old age becomes dark.
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.
You would be facing lots of financial problems ahead or in the future if you do keep on doing that.Set out plans or make out some goals.
Everything should have limitation on whatever you do.Dont live on a lavish life if your income doesnt able to support it.
it is true that many people complain about rising prices or inflation, causing public concern,
especially people from the underprivileged.
sometimes people are less capable if they have potential though,
sometimes their abilities are difficult to develop, because
- lack of facilities
- lack of support from people around
- have no motivation
- lack of capital
- lazy
so basically if someone has potential, it must be developed quickly, take all the opportunities that exist, because sometimes it doesn't come twice,
Look for motivation that makes your heart and mind excited in achieving your goals or dreams.
be a successful person and be able to help others,
especially people from the underprivileged.
sometimes people are less capable if they have potential though,
sometimes their abilities are difficult to develop, because
- lack of facilities
- lack of support from people around
- have no motivation
- lack of capital
- lazy
so basically if someone has potential, it must be developed quickly, take all the opportunities that exist, because sometimes it doesn't come twice,
Look for motivation that makes your heart and mind excited in achieving your goals or dreams.
be a successful person and be able to help others,
This is real problem when you already have the money but you still failed to handle it which of course we should not blame the government for this. Though it can totally affect our lives especially with a high inflation which many can’t really afford to handle since their salary is not that much. Being adult is not easy because you are going to deal with a lot of problems, it is advisable to have multiple source of income to at least cover up most of your expenses.
There are those who wish for the opportunity to be schooled, or learn a skill or a trade but had no one or any support to achieving such while young, now woul we say it's their fault when they grow up old poor?
Not all adults that are poor are poor cause they failed to plan a good live for themselves but cause they had no access to such opportunities or support like others did.
Not all adults that are poor are poor cause they failed to plan a good live for themselves but cause they had no access to such opportunities or support like others did.
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.
This is real problem when you already have the money but you still failed to handle it which of course we should not blame the government for this. Though it can totally affect our lives especially with a high inflation which many can’t really afford to handle since their salary is not that much. Being adult is not easy because you are going to deal with a lot of problems, it is advisable to have multiple source of income to at least cover up most of your expenses. 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.
It was an individual decision and mindset. Those individuals who are satisfied with what they get today will no longer urge themselves to work hard and find another way of living. But those who aim high and wanted to improve their lives, are even more eager and aggressive to find a way out from below down. There are absolute differences between being in a poor mindset and a rich mindset.
We can't blame others because we see no changes in our life but just ourselves because we never take action while we still have the energy to do it.
We can't blame others because we see no changes in our life but just ourselves because we never take action while we still have the energy to do it.
With adulthood comes a high level of responsibility, there is actually nothing wrong in playing video games, or having fun time, but being responsible will enable you manage time for all that, you'd understand that there is time for everything and maximizing your time wouldn't be a problem at all.
Yea, there is actually nothing wrong playing video games. And as a matter of fact, I had a friend who plays video games every time. I play also but not addicted to it. My friends parents urged me to talk to my friend to limit how he plays the game. The day I confronted him with seriousness, I was surprised when he showed me he makes money playing the games. I was a witness as he showed me his portfolio and he was very good at it and winning money.
You just have to be smart to make money from whatever that consumes your time or whatever thing you are passionate about. It takes smartness to escape being broke.
Well everyone ends up in the screwed situation Once in while during the lifetime. The fact that everyone finds a solution some way or the other. The only thing one should get fixed into their minds is; no one is going to help you or support you when you are out of finances because they have their to take care of. They have their own family with 100’s of layers before they could take decision to spend any penny on the person whose broke.
Ultimately everyone stood up for themselves and start finding ways. Sometime many of them choose self employment and could become success or some start with getting in line. However, the conclusion is live life you want but don’t get too attached as to become completely broke. There needs barrier on the expenses and the lavish life.
Ultimately everyone stood up for themselves and start finding ways. Sometime many of them choose self employment and could become success or some start with getting in line. However, the conclusion is live life you want but don’t get too attached as to become completely broke. There needs barrier on the expenses and the lavish life.
It’s not easy to have the advantage of some other people who have the resources that they have at their disposal. Everyone has a different starting line, and we need to understand that if you ever compare yourself to other people, it’s not going to be the same.
i think am guilty with some of it like the spender part, like I play a lot of games and I spend money on it.
I'm trying not to be lazy as well.
i think am guilty with some of it like the spender part, like I play a lot of games and I spend money on it.
I'm trying not to be lazy as well.
Having said that, hardwork is very essential to success, but also remember that there are people that are unsuccessful yet hardworking, so it shows that there are other factors that can cause success for a person, things like luck, connections, attitude, etc, overall i'm pretty sure nobody wants to be broke, and for most it is things that are beyond their control that has left them in their present state.
You have reminded me of the word destiny and many books say it is important to the life that we life. We can struggle to change the direction of the destiny to good one but destiny is strong factor enough for success. It is luck that can change certain things in our lives. Being physical and strong is not a determining factor to the success but the way luck affect our lives. Having an addiction of drinking, smoking and taking drugs is a live changing factor that will change focus of our live. See many musicians that start drug, their lives change because of bad habit and the funds they acquire disappear.
I agree that some proactivity and desire to change one's situation is important. But surely the op is familiar with how problematic 'stop being poor' thing is. People often get in trouble with finding a job even when they have good higher education degrees, aren't reckless spenders and can learn new things. Also, people in stronger economies with big social welfare can avoid poverty without being highly educated and proactive. So while the government can't be blamed for everything, it is at often at big fault when there are high poverty rates and/or things are getting worse. I'd also say that it's often the riches (in my country we say oligarchs, as it's not just rich people but rich politically influential people) who are, one way of another, stealing the money that should go to those most disadvantaged.
Mindstyle and lifestyle is the key to making our old age better, from now we must be able to do productive and long -term things, immediately sell an apartment or car that is too much and use it to buy land and use it to farm or raise farm, thing This will make us save the future.
Farming is a long term idea and slowing down your life. Having a business is the best option if you want to become more productive in this new era. Social media influencers and marketers is the current trend so this is the best stepping stone if you want to have a good source of capital to start your business. Business is the best end goal in life if you want a real financial freedom but is the best if you want to have a balance lifestyle since you will be physically fit while earning steady income even though it’s not that huge compared when you have business in booming industry.Also, there are a lot of booming industries out there that are in need and as a business owner, you will need to capitalize on whatever's business you will be going to. You will need to focus and strategize how your business will be running to make it more profitable in the long run as you can be selling something that everyone likes but you lack the resources to provide it.
With adulthood comes a high level of responsibility, there is actually nothing wrong in playing video games, or having fun time, but being responsible will enable you manage time for all that, you'd understand that there is time for everything and maximizing your time wouldn't be a problem at all.
Having said that, hardwork is very essential to success, but also remember that there are people that are unsuccessful yet hardworking, so it shows that there are other factors that can cause success for a person, things like luck, connections, attitude, etc, overall i'm pretty sure nobody wants to be broke, and for most it is things that are beyond their control that has left them in their present state.
Having said that, hardwork is very essential to success, but also remember that there are people that are unsuccessful yet hardworking, so it shows that there are other factors that can cause success for a person, things like luck, connections, attitude, etc, overall i'm pretty sure nobody wants to be broke, and for most it is things that are beyond their control that has left them in their present state.
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