The poor people with their reasoning - page 11.

S A KHAIR

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Quote from: JoyMarsha on December 25, 2022, 07:50:45 AM

No matter how hard you try, poor people can be difficult to persuade to accept and invest in bitcoin, according to my crypto knowledge and people's enlightenment. They vehemently criticize whatever you show them or introduce them to. They are the ones who constantly inquire about how you manage your funds in order to live during this economic downturn.

Quote

The worst people to serve are the Poor people. Give them free, they think it's a trap. Tell them it's a small investment, they'll say can't earn much. Tell them to come in big, they'll say no money. Tell them try new things, they'll say no experience. Tell them it's traditional business, they'll say hard to do. Tell them it's a new business model, they'll say it's MLM. Tell them to run a shop, they'll say no freedom. Tell them run new business, they'll say no expertise.

They do have some things in common:

listen to friends who are as hopeless as them, they think more than a university professor and do less than a blind man.

How can we persuade the poor that without making investments and taking risks, they would not succeed in life? If they are looking for a financial breakthrough, they need become involved with anything because good things in life don't just fall into their laps. Life is about taking chances and seizing any opportunity that presents itself.

For the poor, they like to make money but don't want to take risks, while cryptocurrencies can be profitable but need to take risks. For me this is a very difficult case, I will not convince anyone, but if there is a chance I will share the opportunity with them, and accept it or not, I want them to decide for themselves. We should not interfere too much with them because we are not them, we do not know the difficulties they are facing.

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Quote from: lixer on December 26, 2022, 05:05:10 AM

I wouldn't really blame for this without knowing their true story. You are right. For someone who is poor, what important for them is the present and not the future. They are happy on what they currently see in their paychecks but they will feel sad if some of this money are going to be allocated else where becasue they also need it right away for a more important use.

You have to objectively review the welfare level of the poor and their funds are not sufficient to be allocated to crypto investment, they need more to meet their daily needs and do not have enough funds for savings, I reviewed from the low-level poverty group but their lives must be improved change from their own hands, they will definitely reach the middle level of the economy if they are willing to put in any effort and work hard for a better life. But yes, they don't need to be far from crypto because not all investments are from savings funds but crypto investments can be deposited from funds obtained from any crypto-based events or programs including airdrops, bounties, signature campaigns, and others, some of which are used as assets for investment because the current market price can double profits in the future, so the poor also have the right to become rich if they want to change their destiny to become rich.

Inwestour

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Quote from: lixer on December 26, 2022, 05:05:10 AM

It's not that they are greedy but let's not forget that they are poor so they will still pull out the money that they invest later on. For them it's kinda useless to invest in long term and then the return isn't really that great. This is why most of them got scammed because they mostly fail on those get-rich-quick schemes.

I wouldn't really blame for this without knowing their true story. You are right. For someone who is poor, what important for them is the present and not the future. They are happy on what they currently see in their paychecks but they will feel sad if some of this money are going to be allocated else where becasue they also need it right away for a more important use.

I would like to understand who, in your understanding, is a poor person, and who can be attributed to the middle class? Rich people were also once poor, but they were able to change something in their lives, change their habits, improve their education, change their thinking, and this helped to change their lives. Wealthy people also have bad trades, but they may not try to get out of a trade as often because they know that they have reserves that can hedge them in difficult times.

And people with a small budget will care about it much more, so their worries will be stronger if their investment drops in value. Our habits will determine what will be in us in the future, you can earn money to save and invest, or you can spend the money you have earned on some unnecessary thing. Now this may seem like an insignificant amount, but if it is done systematically for a long time, then the results can exceed expectations. And if these funds are still successfully invested, then the poor person gets a good chance to become rich.

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Quote from: Outhue on December 26, 2022, 02:03:47 AM

Generally, poor people find it difficult to invest money on anything, they are too obsessed with how much they have presently, when you advice them to invest they will ask when they will reap what they sow and knowing that it's years down the road they will feel somehow.

It's true that this depends on human nature too because I started as a poor fellow before investing, I just get used to invest all along and it favors me, in the end, one has to be willing to lose it all before gaining a lot back and many poor people don't like this.

If we look deeply into this you will find out that poor people are raised in such a way, investment was never part of their game from father and grand fathers down the line, this is why I believe that been poor sometimes can be an error in the lineage thing. It

It's not that they are greedy but let's not forget that they are poor so they will still pull out the money that they invest later on. For them it's kinda useless to invest in long term and then the return isn't really that great. This is why most of them got scammed because they mostly fail on those get-rich-quick schemes.

I wouldn't really blame for this without knowing their true story. You are right. For someone who is poor, what important for them is the present and not the future. They are happy on what they currently see in their paychecks but they will feel sad if some of this money are going to be allocated else where becasue they also need it right away for a more important use.

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Quote from: Outhue on December 26, 2022, 02:03:47 AM

Generally, poor people find it difficult to invest money on anything, they are too obsessed with how much they have presently, when you advice them to invest they will ask when they will reap what they sow and knowing that it's years down the road they will feel somehow.

It's true that this depends on human nature too because I started as a poor fellow before investing, I just get used to invest all along and it favors me, in the end, one has to be willing to lose it all before gaining a lot back and many poor people don't like this.

If we look deeply into this you will find out that poor people are raised in such a way, investment was never part of their game from father and grand fathers down the line, this is why I believe that been poor sometimes can be an error in the lineage thing. It

I think there are people who focuses on the problem and there are others who focuses on the solution
I am now becoming the one who focus on the solution more than the problem.. I can call myself poor but now my goal is financial freedom in 2023 and I am very serious about it.

Outhue

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Generally, poor people find it difficult to invest money on anything, they are too obsessed with how much they have presently, when you advice them to invest they will ask when they will reap what they sow and knowing that it's years down the road they will feel somehow.

It's true that this depends on human nature too because I started as a poor fellow before investing, I just get used to invest all along and it favors me, in the end, one has to be willing to lose it all before gaining a lot back and many poor people don't like this.

If we look deeply into this you will find out that poor people are raised in such a way, investment was never part of their game from father and grand fathers down the line, this is why I believe that been poor sometimes can be an error in the lineage thing. It

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Quote from: knowngunman on December 26, 2022, 01:34:11 AM

You called them poor and you still criticize them for not investing? I don't know what the word "poor" means in your own perspective but going by general definition of poor, you can not expect such people who hardly feed and shelter for themselves to take a risk in investment. You can not risk like them if you don't earn like them.

I know many poor people who know how to invest and make their living better by investing and saving.
In Fact some people - - like me dont know how to invest and when they do - it is a mess.

knowngunman

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You called them poor and you still criticize them for not investing? I don't know what the word "poor" means in your own perspective but going by general definition of poor, you can not expect such people who hardly feed and shelter for themselves to take a risk in investment. You can not risk like them if you don't earn like them.

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Quote from: avikz on December 26, 2022, 12:54:00 AM

I Don't think the breakdown between poor and rich is correct here! It's all about the risk taking appetite of a human being. For example, Mr. Warren Buffet is extremely against the whole idea of cryptocurrency. He denied to invest in cryptos. He isn't poor. It's just that he is unwilling to take risk into crypto market. That's what the issue is!

I know people who have become poorer after investing in cryptos because they took loan for investment and didn't make any profit. That's what is is! Nothing to do with rich and poor.

I have meet some honest people who are really honest. They can share their bread and can earn a happy living.
While on the other hand I have seen people who are rich and scammer because they have no way to earn money but to loot others and to get the money from other people. They are the worse of all the creatures.

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Quote from: JoyMarsha on December 25, 2022, 07:50:45 AM

No matter how hard you try, poor people can be difficult to persuade to accept and invest in bitcoin, according to my crypto knowledge and people's enlightenment. They vehemently criticize whatever you show them or introduce them to. They are the ones who constantly inquire about how you manage your funds in order to live during this economic downturn.

Quote

The worst people to serve are the Poor people. Give them free, they think it's a trap. Tell them it's a small investment, they'll say can't earn much. Tell them to come in big, they'll say no money. Tell them try new things, they'll say no experience. Tell them it's traditional business, they'll say hard to do. Tell them it's a new business model, they'll say it's MLM. Tell them to run a shop, they'll say no freedom. Tell them run new business, they'll say no expertise.

They do have some things in common:

listen to friends who are as hopeless as them, they think more than a university professor and do less than a blind man.

How can we persuade the poor that without making investments and taking risks, they would not succeed in life? If they are looking for a financial breakthrough, they need become involved with anything because good things in life don't just fall into their laps. Life is about taking chances and seizing any opportunity that presents itself.

I Don't think the breakdown between poor and rich is correct here! It's all about the risk taking appetite of a human being. For example, Mr. Warren Buffet is extremely against the whole idea of cryptocurrency. He denied to invest in cryptos. He isn't poor. It's just that he is unwilling to take risk into crypto market. That's what the issue is!

I know people who have become poorer after investing in cryptos because they took loan for investment and didn't make any profit. That's what is is! Nothing to do with rich and poor.

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their main reason must be because they are “lazy”. a poor person who always works as hard as possible and never gives up is a person who is never lazy.

if we told them about running a new business there would definitely be 2 responses.

1. they will reject it for various reasons, such as unexpert or lack of experience. if we tell them about running a new business, they will think twice. That is, a business must need a lot of capital, and they will see where the capital is coming from, and keep thinking but if they don't do anything it will be useless. thinking about effort and success, but he himself is not trying.

2. there are those who are happy to accept the advice that we pass on to them, and they will try their best to be in that field of business. that's my opinion.

but once again this is advice from me, for me and for you.

never look down on the poor. sometimes there are people who are poor, but they live with gratitude and happiness.

sometimes we also need to learn from them. that, the poor will not always be poor and the rich will not always be rich

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Quote from: paxmao on December 25, 2022, 04:17:49 PM

It is a classic but nevertheless true: your thinking and beliefs about money greatly influence the decisions you will take in your life and the risks that you will be willing to assume. This will in turn influence your financial situation and eventually will also reinforce those beliefs. That many times passes from generation to generation and it creates a social immobility.

But can belief matter much in having money? You can have the belief but you need to work today out so the channel for wealth is created. Belief that is not supporting to decision and dream is not a perfect belief, it will not grow the finance of the individual because things won't falling proper. If you have a belief system that is not in line with your dreams then it won't be perfect for financial growth.

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Used to be my line of thinking before I took the leap of faith and tried investing for my own business. It's really hard to come out of that mindset especially if you were only focused on survival for most of the time. The difference between poor people and those in the middle class is that the former will never have other options but to survive and be practical, whereas the latter will at least have an option to use their money somewhere and can be lavish every once in a while, or use their money in investments without really hurting much of their finances.

While bitcoin may provide people something that they can count on as an investment, it's not a hundred percent certainty that it will always give you positive returns. Better make sure that your investments are for the long term in order to not get hurt by the volatility of your "investment."

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The #1 rule of investing is "never invest what you can not afford to lose", and poor people can't lose anything, because losing your last money is devastating, it means going into debt, not being able to cover basing necessities, etc.

All those stories about someone getting out of poverty by investing $100 or $400 are not the norm, they are the exception, and for every such story there a hundreds of stories about someone who invested $100 into a high risk scheme or scam and lost it.

Bitcoin is also not a get rich quick scheme anymore. The days of x50 bull markets are over, and doubling or tippling the price is not good enough to go from poor to rich.

uneng

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Poor people are poor for a reason and it's usually for their own fault: for not having initiative to work a little more, for declining doing more effort, for rejecting learning something new, added to the fact they can't control expenses properly and are constantly spending all the money they have on the current moment. Poor people are the biggest spenders and the ones who the least enjoy the money they spend, because they do it almost automatically, without measuring the consequences and how the spending could be more advantageous for them.

Poor people need to change their mindset in order to leave the precarious life they are inserted in. It's totally possible and they surely can, but they have to be strong and show genuine desire to change it at first place! It's an inner battle against themselves everyone has to face sometimes, for different reasons.

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Quote from: JoyMarsha on December 25, 2022, 07:50:45 AM

No matter how hard you try, poor people can be difficult to persuade to accept and invest in bitcoin, according to my crypto knowledge and people's enlightenment. They vehemently criticize whatever you show them or introduce them to. They are the ones who constantly inquire about how you manage your funds in order to live during this economic downturn.

Quote

The worst people to serve are the Poor people. Give them free, they think it's a trap. Tell them it's a small investment, they'll say can't earn much. Tell them to come in big, they'll say no money. Tell them try new things, they'll say no experience. Tell them it's traditional business, they'll say hard to do. Tell them it's a new business model, they'll say it's MLM. Tell them to run a shop, they'll say no freedom. Tell them run new business, they'll say no expertise.

They do have some things in common:

listen to friends who are as hopeless as them, they think more than a university professor and do less than a blind man.

How can we persuade the poor that without making investments and taking risks, they would not succeed in life? If they are looking for a financial breakthrough, they need become involved with anything because good things in life don't just fall into their laps. Life is about taking chances and seizing any opportunity that presents itself.

I've been poor with the past years of my life and I know how it feels to be there. I'm not saying that I'm rich but I've got a better life at least for now and quite far from being poor. It's a tough situation and very thoughtless to say that they're not thinking about to invest.
How much is their daily wage and how much it will go to their expenses and bills? Yes, we're motivating them but this is a tough way, I don't think this is tough love but weighing things and what we'll say should really be considered.

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Quote from: LoyceMobile on December 25, 2022, 07:59:56 AM

That's quite inconsiderate. Can you imagine many people don't have the luxury to invest because at the end of the month they only have debts left?

In some countries like Nigeria where most salary earned by citizen is below $100, it is highly difficult to invest just as he said. Therefore investing for such people may be difficult as their salary isn't even enough for their spending not to talk of saving.

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The richer you are, the more risk you can afford to take without going hungry or homeless when your investments fail.

Also so people are rich but don't really believe in investing. They rather believe to work for people than working on their own.

BigBos

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More precisely, why is it difficult for poor people to accept the knowledge you provide because according to my assumption they do not have sufficient understanding of how money can be made by investing, in my opinion, this depends on how understanding the world of finance is, not a few poor people can get rich (didn't you witness it ?) which means that not all poor people are the same. Understanding money is not easy because it takes time, thought, experience and courage to take risks. it also depends on job level and salary. there was no time for the poorest person to do such a thing as his one month's wages only filled half of it let alone having a child, there was no reason for him to fail in sacrificing time and money. This sounds logical for a married person.
However, if you want to continue to motivate people about the financial world, the people you suggest should be young people who are still free in their lives, I think they will respond better than poor people who have families.

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It is a classic but nevertheless true: your thinking and beliefs about money greatly influence the decisions you will take in your life and the risks that you will be willing to assume. This will in turn influence your financial situation and eventually will also reinforce those beliefs. That many times passes from generation to generation and it creates a social immobility.

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Quote from: JoyMarsha on December 25, 2022, 07:50:45 AM

No matter how hard you try, poor people can be difficult to persuade to accept and invest in bitcoin, according to my crypto knowledge and people's enlightenment. They vehemently criticize whatever you show them or introduce them to. They are the ones who constantly inquire about how you manage your funds in order to live during this economic downturn.

Poor people comes out of lots of reason to not disgrace themselves of having no money to invest. You can put yourself on their shoes, saying you just have enough fund for your daily needs, and have to look for the money to pay your bills. Do you think you can have the luxury to invest to a venture? Poor people would rather put their money to the table and fill their belly than risk it to an unknown venture to them.

Quote from: JoyMarsha on December 25, 2022, 07:50:45 AM

How can we persuade the poor that without making investments and taking risks, they would not succeed in life? If they are looking for a financial breakthrough, they need become involved with anything because good things in life don't just fall into their laps. Life is about taking chances and seizing any opportunity that presents itself.

Remember, before anything else, they need to have more than enough fund to sustain their living and pay their bills. When that condition is fulfilled, you can see a different version of them. Talking is easy but making them to have enough fund is harder. If you wanted to help them give them the opportunity to earn more funds for their expenses not by investment but by giving them job, a steady source of income that can sustain their living. If they have more than enough funds, then that is the time you can talk about investments.

Topic: The poor people with their reasoning - page 11. (Read 1982 times)