This what poor people need | Bitcointalksearch.org

btc78

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Quote from: Anguwa on December 24, 2021, 06:21:45 PM

Coming together as team is not a bad idea at all, but the risk involved is too high. First of all the risk involve in trading and cryptocurrency investments, as a team no matter how there will be some set of people tht can't afford to loose, and cryptocurrency market can fluctuate, so I think personal investment and risk taking is more important. Also most importantly knowledge about the entire cryptocurrency and trading itself, because the team members need knowledge about what they are about to do. So is not all about money but knowledge the money.

Teaming or Individual people here needs to have Deep knowledge first before dealing in crypto specially in Investing because if not then you will be forever loser Grin

There are so many hindrances and training before we finally come to betterment but of course this is all part of the process for all of us to have way and then the good income will follow.
all of us struggles first and now look at all of us , or at least many of us, successfully make profit and take the fruit of our hardworks .,

Anguwa

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Coming together as team is not a bad idea at all, but the risk involved is too high. First of all the risk involve in trading and cryptocurrency investments, as a team no matter how there will be some set of people tht can't afford to loose, and cryptocurrency market can fluctuate, so I think personal investment and risk taking is more important. Also most importantly knowledge about the entire cryptocurrency and trading itself, because the team members need knowledge about what they are about to do. So is not all about money but knowledge the money.

Dragonfund

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Quote from: Chrystora123 on December 17, 2021, 04:47:32 PM

Quote from: Voxo2222 on December 13, 2021, 01:04:11 PM

snip..

teaching poor people how to invest or other knowledge is much more difficult than teaching it to small children. people are poor because of their mindset so it's purely because of them and all they need is food for today. the most important thing to teach the poor I think is "how to think"..

Some mindset are very hard to reprogram because of what the society has thought them. You know that teaching an adult education is very far difficult to do than teaching a child, that's how hard it's to educate someone with zero mindset of investment because they see and view thing entirely different from the way we do.
There are also some poor people who are poor today, it's not because they don't want to invest or take an advise, they don't just have the resources to start your idea, not all fingers are equal.
Someone said to me, the world is not fare and its bit yiur job to make it fair.

Fortify

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Quote from: Voxo2222 on December 13, 2021, 01:04:11 PM

This what poor people need:
Is poor people fund managets who grow up their capital and reinvest this money for example in IPO on stock market and creating crypto projects to be listed later on exchangers 10x profit at least.
Also fund manager can use this capital to pump up the markets but first b4 pump the poor investors will know first.

It need be some mutual funds trust kind of thing also with insurance as rich bastards have.

All you need to do is copy paste the rich bastards and poor people get same results.

Also need teamwork and wealthy mindset but here is problem if u not with networking making connections and doing ur finances the way how it should be then u cant get wealthy.

So this one is suitable for ghetto people come together invest ur dope money in markets get few good traders and fund managers usually they have good inside info btw anyone who have learned about finances and corporate investment have some pretty decent inside info.

If u guys need more directions how to organize this proper way then ask.

Its time wake up and doing wealth without crime or working bs jobs such us construction or mc donalds.
Time imvest and manage ur wealth proper ways

While there is some truth in the idea of copying what rich people do to reap the same rewards, it is often extremely difficult to start at such a low level. People starting out with very little money usually have minimal spare capacity to invest each month and it can very much feel like a futile effort. The internet is a great aid and equalizer but you must learn to maximize it to your advantage. You need to always be learning how to avoid fees when investing, especially if you only have a little bit of money to start and beware the many pitfalls (like overpaying for a fund). It's great if you learn the patience to save (and invest) a little each month, but there are sharks in the financial world who will be trying to take advantage of you and earn from your investments at every turn. It requires a lot of research and constant learning - plus swapping brokers until you find the right fit.

SquallLeonhart

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Quote from: maju69 on December 23, 2021, 07:45:47 AM

I think the cause is relying too much on muscles. From several places I have seen, a farmer can reap many times the profits from his harvest. The problem is they are reluctant to leave the situation, even though if they are willing to set aside a little money to say invest, I think they will get out of that zone.
Then the profits from the harvest are used for farming again and usually the results obtained are actually a loss, it could be due to falling prices or being exposed to pests. And so on.
So as long as they're still using the same pattern it's a bit difficult for them to get more results than they did.

Anytime a person starts to question the individual instead of the system when there are millions of people who are underpaid, that person needs to look in the mirror and ask "what is wrong with me?". We are living in a world where whole nations are poor, we are talking about probably billions living under threat of starvation (some actually do starve to death) and you are talking about "there are better possibilities but they do not take it" to individuals.

It is the system that is obviously wrong, most of the time when I talk like this people assume that I am trying to bring the socialist agenda to help out everyone, but the ideas of socialism would never work in these type of governments neither, it is quite horrible to be fair to give governments money considering how they inefficiently use it, but the liberal ideas also starve people to death in order get mega yacths.

So, what is correct way to have a base of "shelter, food, clothes, health, education guaranteed, but there will still be billionaires" type of situation? I do not know, Europe seems to be doing better than most of the world, maybe we should look at them.

DrBeer

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Everyone talks about what the poor need. It turns out that they need almost everything, everything that ordinary people have, but the question is - what are the poor willing to give in return? Or do they want to receive all this without making any effort? Approaches such as foundations that simply waste money on food are tax-efficient. Problem 1 - This DOES NOT SOLVE THE PROBLEM! 2-this GIVES ANOTHER PROBLEM, which is called dependent habits in the vast masses of the population. They not only get used to doing nothing and having a minimally comfortable life, but they also popularize it ... Think about it.

suzanne5223

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The poor need more than we could ever imagine because some of the poor are not technically poor but their mentality and self-discipline that makes them poor.
This reminds me of the wisdom passage I hear through an investment guru he says "You can never force to the top but you can only advice them". Having said that, lack of information, knowledge, and saving strategy is the major thing that makes the poor miss their chance in every investment setting.

Silberman

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Quote from: cheezcarls on December 23, 2021, 09:33:35 AM

Why the heck poor people need fund managers? All they need is knowledge about managing and growing their finances. No disrespect to schools and universities, but they’re just teaching us to be poor by only sticking to employment until we retire. For them to get started, they need not to stick with what they have. Perhaps they can do a side job to increase their income, and then some of it to build their own small business.

In the Philippines, there are inspiring stories where they just started small in selling products until they finally made a fortune for their hardwork and success, which always starts with an idea and not being an employee for the rest of their lives.

They do not need them but as you say the idea that many people have about becoming financially independent is completely wrong, when you see someone that is doing well financially most of the time you are going to see someone that made something by themselves, by creating their own business or sometimes their own inventions, it is very rare that someone that is an employee will reach those levels of wealth, and despite that this is the path most people follow, something that does not make the most sense tome.

Mauser

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This sounds great on paper, but how do we actually convince poor people to try and save some money. There are a lot of different reasons why people struggle to save money. For example, no income, no trust in banks, no regulation of spending habits. A friend of my parents has a buying problem which makes it very hard for her to save any money and accumulate wealth. I wouldn't call her poor, she has a normal car, good clothes and is renting a decent apartment. She is also not middle class because she has no savings. Every month she is in overdraft of her bank account. For years she spents a the money she gets every month. Trying to convince her to set some money aside is fruitless, my parents have tried for many years. It's hard to change a person.

dataispower

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Whatever poor person needs to grow and sustain life a worthy person also need it in addition to clappe to another position, the difference between person that is poor and person that is rich is long, the thing is that a poor person have poor reasoning and rich person have fast reasoning, that is why poor person always have different suggestion and thinking mentality for investment, why they are poor is that they want to take risk, a risky taker is opportune to possessed better position, from cryptocurrency investment what is needed is mind of investment and information to back it up

Cling18

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This strategy is easy to understand especially for people who are into crypto investment but to be honest, lots of poor people have a different mindset and some of them lack knowledge about crypto so I don't think they could easily apply or adapt this advice. Poor people will remain poor if they wouldn't handle their funds smartly.

cheezcarls

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Why the heck poor people need fund managers? All they need is knowledge about managing and growing their finances. No disrespect to schools and universities, but they’re just teaching us to be poor by only sticking to employment until we retire. For them to get started, they need not to stick with what they have. Perhaps they can do a side job to increase their income, and then some of it to build their own small business.

In the Philippines, there are inspiring stories where they just started small in selling products until they finally made a fortune for their hardwork and success, which always starts with an idea and not being an employee for the rest of their lives.

Peanutswar

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Some people have different status even though they want to follow the steps of rich investors but the problem is they need to focus on their needs and those needs require investment can't do anymore. Also to the people who capable to get more knowledge, investment and asset try to make a good decision for yourselves as possible try to grow your money its hard to live a poor life and die still in a poor life. Try to become more skillfup its more ideal than having only a knowledge.

maju69

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Quote from: Darker45 on December 13, 2021, 08:57:31 PM

Please correct me if I'm wrong in my interpretation, but you seem to reduce poverty to the failure of individuals. The issue of poverty is rather complex so to speak. It is not even simply about a man having nothing to eat, much less about his failure to manage whatever he has-- time, wealth, and otherwise.

From where I am writing, there are structural and systemic causes of poverty. An industrious farmer remains poor all his life despite giving his all.

I think the cause is relying too much on muscles. From several places I have seen, a farmer can reap many times the profits from his harvest. The problem is they are reluctant to leave the situation, even though if they are willing to set aside a little money to say invest, I think they will get out of that zone.
Then the profits from the harvest are used for farming again and usually the results obtained are actually a loss, it could be due to falling prices or being exposed to pests. And so on.
So as long as they're still using the same pattern it's a bit difficult for them to get more results than they did.

Oasisman

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Quote from: ?? on ??

Education is important to execute a successful life. Lack of proper education made people poor. Because they do not know how to use their savings properly. Managing wealth is very important to be rich and education is the vital element to do that. So first we need to establish a proper education system where people will be able to educate themself properly. That's what poor people need most.

What can you say about those people who got so much wealth but they didn't even have a college degree nor even finished the secondary education level?
Education is important, but what is more important to avoid being poor can be found within ourselves. If a person has been contented with what the corrupt government offered them, then it is their choice to stay poor.
If an individual strives to reach their goal to get out of the state of being poor, he'll always find a way.

There's a saying, If there's a will there's a way.

BitKongy

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Been poor and been rich as something to do with fate, I've seen people that died after achieving their long term battled dream and I've seen some getting lucky even while they only fight a little, the only way there will be balance in this world is poor and the rich co existing, we can't all be rich it won't make any sense, it's why it's very important to put God first before starting your journey or fighting any battle

pinggoki

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Not everyone can invest even if they have jobs and they want to, some people just have the enough money to be able to live by and nothing left to save so stop calling those jobs a bullshit job because that's disrespectful towards those people that's doing those jobs, you go to McDonald's right? Then you should know that the food won't serve itself.

Congyang

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Quote from: Renampun on December 22, 2021, 04:27:15 PM

Quote from: globalpain on December 22, 2021, 05:06:43 AM

Quote from: dbc23 on December 22, 2021, 02:41:12 AM

Money management is critical for all investors not just the poor. What the poor need basically is determination to outgrow their state of mind as poverty begins from the mind. Once the mind is conquered it would be easier to see all things as the ought to be. After the mind is won then we look it acquiring the right knowledge and skills for any venture at all. Then mentorship comes in

Rich people don't just waste their money and they really manage it well so that their wealth lasts,
and maybe that's the difference from the rest of us that most of us think we don't need to manage money well,
I hope that this mindset can be changed

There are many ways to change the mindset, one of that is to try to do it...

successful people have been able to control the greed that is in them so that they can be more free to direct their thoughts in a better direction. whereas poor people tend to be greedy and have no desire to direct their thoughts and money in a good direction, they tend to think more about buying things that are not important when earning money than investing.

This is something that is unavoidable.
The reason for the rich people who don't really squander too much by buying things is actually a natural thing, they have felt that what they need has been done since they were there because they are rich.
on the other hand things like this will not happen to poor people because they are completely deprived indirectly if they get wealth suddenly, so their intuition wants to show and feel what they did not feel before.
Actually this is very sad when it is the poor who are in the poverty line but are underestimated because they are considered as greedy people.
You have to see from the other side my friend, before saying such things.

Renampun

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Quote from: globalpain on December 22, 2021, 05:06:43 AM

Quote from: dbc23 on December 22, 2021, 02:41:12 AM

Money management is critical for all investors not just the poor. What the poor need basically is determination to outgrow their state of mind as poverty begins from the mind. Once the mind is conquered it would be easier to see all things as the ought to be. After the mind is won then we look it acquiring the right knowledge and skills for any venture at all. Then mentorship comes in

Rich people don't just waste their money and they really manage it well so that their wealth lasts,
and maybe that's the difference from the rest of us that most of us think we don't need to manage money well,
I hope that this mindset can be changed

There are many ways to change the mindset, one of that is to try to do it...

successful people have been able to control the greed that is in them so that they can be more free to direct their thoughts in a better direction. whereas poor people tend to be greedy and have no desire to direct their thoughts and money in a good direction, they tend to think more about buying things that are not important when earning money than investing.

globalpain

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Quote from: dbc23 on December 22, 2021, 02:41:12 AM

Money management is critical for all investors not just the poor. What the poor need basically is determination to outgrow their state of mind as poverty begins from the mind. Once the mind is conquered it would be easier to see all things as the ought to be. After the mind is won then we look it acquiring the right knowledge and skills for any venture at all. Then mentorship comes in

Rich people don't just waste their money and they really manage it well so that their wealth lasts,
and maybe that's the difference from the rest of us that most of us think we don't need to manage money well,
I hope that this mindset can be changed

Topic: This what poor people need (Read 549 times)