Topic: Reasons you will remain broke as an adult - page 8. (Read 1664 times)

To be financially literate is not taught in school, we realize this when we already have responsibilities to shoulder.
Hard to say you will survive when the whole country you live in struggles to float. With economy and companies are shutting down, it really is hard to make money even when you apply as a maid/cleaner or lawn cutter, you may still struggle to find customers.

If only its free to harvest the wild life and sell them for food, life wouldn't be this hard for someone who has the skills to shoot. 

I have come to the conclusion that after over 30 years of working my wealth has not really
progressed in any meaningful way. I put this down to a number of reasons.

Commercialism - on my part of being a wreckless spender line the OP's last point.

FIAT Banking - letting myself become ensnared by traditional financial system

Wage Slave

It's up to everyone to try and break the cycle of working to pay loans and or succumbing
to the allure of the "I want" culture.

Or being more financially literate.

A lot of the adults are broke for a completely different reason, while they keep giving advice and having also a plan on their own, when it comes to reality and not theory there is a sudden wake-up call, all those encouragement speeches, all that motivation fails when you realize that when it actually comes to do it stuff for real, not to just think on how you will do it there is a huge difference.

As I just stumbled on his name on a different topic, Kiyosaki is a great example, he made millions "teaching" them about economics and business and how to make money, but when it came to applying his own teachings in the real world, well, this happens:
'Rich Dad, Poor Dad' Author Files for Bankruptcy for His Company


So less lonely bored housewife-level motivational speeches and documentaries, more real-life experience. Behind the keyboard or the video camera, everyone is an expert on giving advice, when it comes to actually do it, you can see the outcome everywhere around you.

So much of this is exploitative nonsense in a weak attempt by companies to justify paying slave wages.  Not everyone can have a dream job no matter how much effort they put in or how qualified or skilled they become.  Job markets are finite.  Just because you learn something new, doesn't guarantee a position will magically open up for you to apply for.  Or that you won't be competing with dozens of other applicants when such an opportunity does arise.

And it's still no guarantee that you'll be rewarded for your efforts.  Many people working in the health service as nurses or midwives spend years to become qualified to help save lives.  No one would dream of calling those "easy" jobs, yet the government in my country still had the audacity to offer them a paltry 1% "payrise" (hint:  if it's less than inflation, it's not a payrise).

And the vast majority of jobs available are considered relatively "unskilled".  But that doesn't mean they're easy jobs where you can simply coast.  And all of the people making good money in highly paid jobs are always the first to complain if people in the service industry, notorious for sub-par wages, don't provide the service they are expecting.  Ultimately, you get what you pay for.  And too many companies are not paying their staff a living wage.  There should be no such thing as "in-work-poverty".

By all means, give yourself the best chances you can by being skilled and proactive, but it will not guarantee success in this current economic climate, where capitalism has been utterly bastardised and perverted by the ruling classes.

You can write a long list of things that make adults poor, but it is difficult to narrow this list to how to change poverty behaviors into productive behaviors, especially since many countries of the world suffer from inflation, narrow job opportunities and difficulty in finding job satisfaction due to the lack of competition.

Therefore, knowing why you are poor is not a problem as much as changing the habits of poor to rich.

Good ideas, you are not wrong.

But this is the other side of it:

Inflation increases poverty rate, resulting to increaing unemployment. This is common in Africa most especially because they have bad leaders.

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.

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 :Money never look for lazy people. You have to do something to make money. Being relax and so comfortable with one stagnant position, activate poverty. You must learn to move out of your comfort zone, be passionate and ready to bear a bit of discomfort to change things.

👉👉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.

👉👉You don’t have a skill :In this world that has now become a global village, you need a skill to thrive. Choose a skill, learn and learn, and implement it as you learn. Allow yourself to be taught by people who are experts in the field that you have chosen. A single skill can save you from poverty.

👉👉You are not teachable :Some people act like they know it all and would not take to corrections. Such people don't allow people who have gone ahead of them to show them the way. Then they start making mistakes and taking the wrong steps which could cost them heavily. You need guidance as an adult whose desire is to do away with being broke forever.

👉👉Failure to take action: This is a very key point. You may always attend seminars, read books and highly knowledgeable but always scared or too lazy to take action. You can be likened to a farmer who has the tools and necessary implements to work and make cultivation happen but just being lazy around while boasting that he has them. This can make any difference in his life. Taking necessary step can help to bring an end to one poverty.

👉👉Reckless spender: Some people spend anyhow. They spend money on unnecessary things. Every money that comes to them is for enjoyment. No saving, no investment, no planning of setting money aside with the aim of multiplying it. They spend it all on unrealistic cravings and frivolous activities. You are likely to remain broke as an adult if you lack self-control and spend recklessly. You need discipline if you are truly sure that you need financial.
https://tribuneonlineng.com/reasons-you-will-remain-broke-as-an-adult/

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.