Topic: The poor people with their reasoning (Read 1997 times)

The truth is that poor people are skeptical to every investment that comes their way , especially when trying to explain an investment for them. They are very conscious about risk and so afraid of going into an investment because of the risk.  I don't really blame them because of how they feel about every investment,  the reason for these doubts they have toward every investment is because they just have little money which can only give them food for the day. To them it will be too painful for them to lose the little they have that is why many of them prefer to spend money just to afford food than to take risk which they may end up losing their money at last. This common character of being skeptical in poor people can't be taken off.

Honestly, I have been poor, and I mean like really poor as in I didn't know if I would be able to eat dinner or not that day, and I can tell you that most of it came from sickness. My nation has free healthcare, think about how much medical world costs that if hospital is free, and medicine is free, how could you still go broke if you fall ill? Well every little other thing costs that money, first of all the hospital was free but there were situations where you were charged, its not %100 free, its like %80 free but there are some stuff that are out of coverage, and medicine is the same thing, some drugs are free, but some of them are expensive, but aside from that the time lost when you could have worked and made money spent at hospital means no income, and even constantly going to hospital and coming back is a travel expense when you do it daily, plus all the meals and such you might have to take. Combine all these together, have 3-4 sickness in the family that took time, and suddenly you are quite poor.

Thank good we have been doing fine for a few years now, hence I was able to earn enough, my current job is amazing, my boss is the greatest boss the world has ever seen, he is the greatest human as well, not just like a boss, but also as a person he is the nicest person I have ever had the chance to meet, he is amazing. So we work together, and I have been saving some money, I still have some debt I have to pay, but I am doing better at least.

I want to encourage them to invest but it's not that easy to do. Words can encourage them but situation divides their decisions and the reality is settling them that they've got other important needs to spend their money on and despite the desire to invest, they just can't.
Putting oneself into the shoe of the real poor, you'll get to understand that they've got bare enough to survive. We can set aside about our will to encourage them into investing because they have to prioritize first the food that they can bring to their table. Someone who's living well can easily say that the poor needs investments to become wealthy but it's not really what it is. The real situation will make you understand that circumstances are there and even if you push them hard to, that's not going to change their situation real quick.

It's actually quite a rude stance you've taken, claiming that "poor people" don't want to "invest" in bitcoin. First off, the clue is in the name and these people do not have a lot of money going around to start - often barely covering their expenses on a regular basis and potentially going into debt in certain ways. These are the people who can least afford to gamble with their money, which is what you're suggesting with them buying Bitcoin. It is still up for debate whether people are investing or speculating in crypto, but ultimately the only way to profit with crypto is to sell the coins you bought to someone else at a higher price - which may not always happen. It's not like a company share, which still has risk involved, but could possibly pay you out the company profits along the way and if the share price just stood still, you could sell it to someone else and still gain.

Excellent example. Your illustration beautifully captures the concept of privilege. The existence of such privileged class does indeed raise concerns for those who diligently strive to raise their societal standing. Nevertheless, it is the responsibility of the governments to enact essential laws and regulations that guarantee every citizen of the country equal opportunities for education and employment, regardless of their racial background, social position or language..

Every person wants to be financially successful in life but not everyone can succeed. The main difference between rich and poor people is that a rich person can take risks when necessary and a poor person does not dare to take risks. But there are lots of rich people who got rich from poor not by inheritance. Generally poor people over-examine anything that distracts from the main point. They think of something as complex rather than simply understanding it. The position of those people is the same when it comes to Bitcoin. But those people later regret. Investment is risky but there can be a positive or negative result that can change a person's situation. So a person should take decision before considering any sector. Especially if one of them wants to escape from poverty.

In as much as they are being persuaded and convinced to invest,it is meant to be understood that  criticism cannot win them over to do the needful.

The approach to investment on the poor has to be understood as everyone out there falls into different circumstances...it isn't very easy for them to meet up to high standards.
So it is necessary for everyone to deal with issues amicably for a better society.

"Failure is certain but success is also waiting" and opportunities do not come twice but opportunities will always come to those who are serious. So, people like us must really be able and smart to take advantage of the opportunities that come. If the opportunity doesn't come, then let's create the opportunity ourselves by continuing to increase the effort we do.

Keep up the spirit buddy...


yes.. I also really believe that people who are serious will eventually achieve the success they aspire to.

Of course there will always be difficulties and what makes the difference is, if we become entrepreneurs just to survive, then the challenges will be mediocre and the results will be the same. which is different when we have the desire to become successful entrepreneurs, the challenges that come are extraordinarily heavy and the difficulties continue to increase at every stage.

it's the same if you want to live healthy or become an Olympic champion athlete.
if you want to live a healthy life... just do sports by doing gymnastics and jogging. which is different if you want to become an athlete where you have to exercise to continue to train your physique and abilities at any time and attend special education with an increasing level of difficulty at each stage and have to adjust your eating and sleeping patterns so that you can become an athlete to get the opportunity to enter the competition and become a champion. Likewise, if you want to become a successful entrepreneur, you must continue to improve your knowledge and skills so that you can get through difficulties at each stage to get that opportunity.

Actually, it all comes back to everyone's mindset, be it the poor or the rich, if he has a vision for the future to be better then he will learn many things and look for profit opportunities, but it's a bit difficult for people who have limitations, even they only think of just survive thinking about food everyday.
I think all that can change and a person can get up if there is a will, many poor people now have limited information and opportunities for the rest they never want to change and rise from their slump.

People who don't give up easily or who don't give up easily due to failure are people who are very consistent in achieving their ultimate goals so that they will never get tired before they become truly successful in a business or job. But those kinds of people are not that many anymore because lately I've come across more people who are more prone to complaining before even trying, even a few times.

Some people who have been successful also very rarely tell about the failures they have experienced before they were successful, because they don't think failure is the end of everything. They will only give advice on how they can get success by not telling the bitter problems they have faced even when someone asks them they will also tell them. And another fact now is that there are not many people who are able to get up after failing many times in the business they are running and this may also be affected by their level of consistency which is still very lacking.

It is normal for poor people to do this, if a day laborer earns three dollars a day and you tell that day laborer about investing in Bitcoin, he will not take your word well because his family depends on his daily income of three dollars. There is no point in explaining Bitcoin investment to a day laborer or a poor person because to him investing is a luxury where he has to work hard to manage his daily food how will he manage so much money to invest. A poor person will benefit a lot if you give him employment but when you ask him to invest in Bitcoin, he will take the investment information badly. Discuss Bitcoin with people who understand the investment and can afford to invest in Bitcoin.

I think everyone is capable of restarting their business from scratch, but the difference is the level of difficulty, in this case, the money they have. Of course people who have money will find it easier to get back up when they fall, and for people who are not lucky about that, they need to work harder in building their business. Yes, this happens because they have to first collect money to restart their business.

Privilage, is a path that makes it easier for someone to achieve success.
If illustrated, it would be the same thing as 2 people walking in a tall building. 1 person takes the elevator to get to the highest floor (which is then called privilage), while the other person he has to climb one by one the stairs to get to the highest floor.

We assume as middle to lower class because if people have a lot of money, especially inherited from parents to their children, they will find a fast path to success because they already have thick capital in their pockets.

People like us when starting a business and then failing it is a valuable lesson because to start a business again you have to have capital while there is no capital, so that's where you have to think hard and how to carefully start over.

Sure people are not afraid of failure he will try to achieve dreams by going through all of it, because there is no big business without going through complicated problems first.

for people who have a lot of money, maybe this doesn't mean too much because they can start again quickly, they just need additional knowledge and qualified experience.

but for some people who have mediocre capital, even one failure means a lot because they don't know when they will get this opportunity, whether they will have enough capital to start their business again. they must think carefully about the efforts they are engaged in to reach the point of success.

In every step we must pay attention and consider everything as well as the possibilities that occur before deciding to proceed because this will have a serious impact on your future and your business. Because not everyone is able to re-start their business.

Your perspective on achieving success is absolutely correct. Setting meaningful targets and objectives provides us with a clear sense of purpose and direction. Acknowledging failures as an inherent aspect of the journey to success is equally important. The path to accomplishment is never without obstacles and setbacks and they serve as opportunities for learning and personnel growth.

in summary, the journey to success is defined by continuous efforts, unwavering determination and readiness to confront challenges.

There are indeed many ways for us to achieve success in this life, it will really depend on us how we set the success targets we want to achieve, as you said we need strong effort and determination to achieve success and we must do it with consistent so that we can achieve success. You are right that successful people have experienced failure many times, but they keep learning and correcting their mistakes and keep trying again so they become successful.

Yes, success cannot be achieved in just one way, but there are many ways to achieve success, especially since everyone must have their own definition and measure of success.
The mindset must be formed, I agree with that and not only that, but how hard we try to realize it. Are we one of those people who give up easily or continue to try many times and do not despair with all the perceived failures.
I am sure there are many people who are successful but at the beginning they repeatedly failed. But they didn't just give up, they continued to try and learn from their previous failures. 

Forming the mindset of humans or everyone from an early age is very important and this can be started from childhood by trying to teach our own children at home and the rest at school. Because those who are still children will find it easier to educate and form a more mature mindset gradually through their lives, because success is the end result desired by many people even though not everyone takes the same path.

Especially if the level of success is also not measured through just one path, but there are many paths that must be seen for this because everyone's success also occurs in very different fields even though if we look at it from a business perspective, everything is almost very similar. So all of this must start in our respective families in creating this.

The mindset is formed because it sees the situation and conditions so I think it is not a desire because those who are born from poor families must want a difference in their lives but because environmental factors and the conditions of themselves and their families are not going well, accepting and having a narrower mindset will definitely exist.
Not to say that such things cannot be changed but only 1 in xxx people can change that even with a good mindset but when opportunities are difficult to get it will not give any form in the end.
There are several things that need to be in place and prepared apart from the mindset as planning, socializing and even networking for opportunities end up being other factors that are difficult to prepare for. 
 

What should they invest while to finance their daily needs they have to bear the burden of debt, poor people only think about how their family can eat three times a day. In this context, it is not that they do not want to get out of the poverty line in order to live an established life with sufficient resources, the problem is that they do not have financial support to change their lives to support their income.

Need support for poor people to do something that can improve their economy, what they have to do when choosing capital is not investing but building their own businesses in order to achieve a better life. Investments can be made when they already have savings that are not used for other needs, taking risks as a way to support the economy, but they must also have the knowledge to do so.