Why do people stay poor? - page 4. | Bitcointalksearch.org

CryptSafe

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Quote from: serjent05 on June 12, 2023, 06:21:00 PM

Quote from: Semar Mesem on June 10, 2023, 10:29:35 AM

I think the thing that makes someone still poor is that he doesn't have a clear vision about money, he thinks that money is a normal thing and is not his target or hope, when he gets a lot of money it will be easy to spend it according to his pleasure, he always thinks that tomorrow there will be the same money.

People staying poor is not only because of a person's incapability. There are also environmental factors that make them stay poor. We have seen lots of hardworking individuals stay poor this is because they are taken advantage of by their employees by paying them low salaries. Aside from that, since these people don't have their own house, they sometimes end up paying high rent that almost takes all their income. So we won't be surprised why many people stay poor even though they have a stable job.

Your point makes sense mate. Exploitation is another issue why people are poor. Employer's sometimes are very heartless. They take advantage of their employees situations and desperacy to work so in that case, they offer their employees peanuts with threats making their employees hopeless and not willing to leave since they have no other option but to accept the job with Fate. These are sometimes one of the problems why people stay poor. They are underpaid and their salaries does not commiserate with their inputs compared to the running cost and personal expenses put together you will see why some people live in hand to mouth without any savings and something to show for.

In my country we tag this as " monkey dey work, baboon dey chop"
This says more of people living from hand to mouth with no savings and nothing to show for.
It is a very frustrating situation where I do not wish anybody to experience such in life.

serjent05

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Quote from: Semar Mesem on June 10, 2023, 10:29:35 AM

I think the thing that makes someone still poor is that he doesn't have a clear vision about money, he thinks that money is a normal thing and is not his target or hope, when he gets a lot of money it will be easy to spend it according to his pleasure, he always thinks that tomorrow there will be the same money.

People staying poor is not only because of a person's incapability. There are also environmental factors that make them stay poor. We have seen lots of hardworking individuals stay poor this is because they are taken advantage of by their employees by paying them low salaries. Aside from that, since these people don't have their own house, they sometimes end up paying high rent that almost takes all their income. So we won't be surprised why many people stay poor even though they have a stable job.

Uruhara

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Quote from: Ebede on June 12, 2023, 05:08:59 PM

People remain poor because of lack of planning and investment culture, people can. E a little but rich but poor of because of lack of planning, money is meant to be spent well without it individuals remain poor, invest more than your unnecessary expenses because you will be blamed later if you don't chanel your money well and again think of a little begining as a poor man don't always feel inferior make a move even when you fail continue trying it will favour you one day.

In essence, the inability to effectively manage finances is indeed a problem that is most commonly faced today. that is like wasting by buying things that shouldn't be a priority like branded goods that we don't really need.

but the main problem is that there is an imbalance between income and expenditure. someone who has minimal income, of course, it will be difficult for him to manage finances properly and correctly because basically the money he earns is not enough to meet his basic needs. so that the main problem that must be solved is to increase income and continue to increase the amount of income followed by good financial management

wheelz1200

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There is no release answer to that. It could be the area they live in there isn't enough opportunities to male it out of being poor. Some cases people make good money but end up living over their means always spending more than they can make. Debt will cripple people. Amd then another big one is addiction, doesn't matter what addiction but that can ruin people's lives and keep them down.

Ebede

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Join hands and help me to grow everybody...

People remain poor because of lack of planning and investment culture, people can. E a little but rich but poor of because of lack of planning, money is meant to be spent well without it individuals remain poor, invest more than your unnecessary expenses because you will be blamed later if you don't chanel your money well and again think of a little begining as a poor man don't always feel inferior make a move even when you fail continue trying it will favour you one day.

CryptocurencyKing

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Quote from: Nhazwrath on June 12, 2023, 09:56:03 AM

I am going to say something unpopular.

The vast majority of people do not think. This sounds offensive but let me explain a bit.

Humanity is extremely good at a couple of things. One of them is Mimicry .. in short simple terms monkey see monkey do.

This also applies to thought. We can grab other peoples idea and though patterns for ourselves FAR cheaper And easier then thinking up something on our own. so most people don't think. (the unpopular part)

We Grab Other peoples Ideas And use Them As Our Own. The Good The Bad And The Ugly.

The downside of this is bad ideas perpetuate. Part of this is short term good can equal long term bad. and we all know intelligence isn't equal as much as we would like it to be.

It is an unpopular idea as you said but, there is a side to grabbing people's ideas that are always not visible to the individual doing the grabbing. That's the part where you don't know the plan B or the safety points in the event that a step goes bad.
This is what insures your various moves towards archiving a goal.

Now, not being the originator of that idea puts you steps behind. You might think your ahead due to the fact that, its a continuation from someone else's made up plan but, you don't know how they arrives there.
Every trade personnel has a trade secrete and not knowing that creates some problems.

xSkylarx

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Quote from: YOSHIE on June 12, 2023, 10:19:13 AM

Quote from: OGsmall on March 12, 2023, 10:41:55 AM

I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.

The rich and the poor, geographically their economic life is like salt water with fresh water, whatever is done is never combined, even though millions of dollars are given to the poor as capital, they still can't use it, they tend to only be able to spend, not income, that's why poor people can't be rich economically.

Another reason, I see many poor people whose needs are greater than their income, that is one factor, other factors in terms of education are also much different, you know today life is all technology, so if you are assisted by fixed capital it cannot develop properly, bad financial management, always bankrupt, different from rich people, they master and know what is needed and to make money, the rich they make money vs. money begets money.

They know how to handle their money very well, but that doesn't mean poor people can't learn to handle their finances well. This can be done by educating themselves, either by going to school or by learning on their own. But for me, one of the reasons they stayed poor, as I've really experienced it, is that when it comes to money, when they can gain huge amounts of money, like it's their first time, they tend to spend all of it, which means they tend to buy this and eat in the restaurant just to experience those things as we haven't experienced them before. I just remember when I was able to earn some money after I finished school, I did tend to eat at those fancy restaurants and have no savings as I wanted to experience those things. Ever since, I haven't experienced those things, but what is wrong with it is that you continue it until you lose all of your money. It is just the control over the things that you are spending on.

YOSHIE

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Quote from: OGsmall on March 12, 2023, 10:41:55 AM

I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.

The rich and the poor, geographically their economic life is like salt water with fresh water, whatever is done is never combined, even though millions of dollars are given to the poor as capital, they still can't use it, they tend to only be able to spend, not income, that's why poor people can't be rich economically.

Another reason, I see many poor people whose needs are greater than their income, that is one factor, other factors in terms of education are also much different, you know today life is all technology, so if you are assisted by fixed capital it cannot develop properly, bad financial management, always bankrupt, different from rich people, they master and know what is needed and to make money, the rich they make money vs. money begets money.

Nhazwrath

member

Activity: 290

Merit: 40

I am going to say something unpopular.

The vast majority of people do not think. This sounds offensive but let me explain a bit.

Humanity is extremely good at a couple of things. One of them is Mimicry .. in short simple terms monkey see monkey do.

This also applies to thought. We can grab other peoples idea and though patterns for ourselves FAR cheaper And easier then thinking up something on our own. so most people don't think. (the unpopular part)

We Grab Other peoples Ideas And use Them As Our Own. The Good The Bad And The Ugly.

The downside of this is bad ideas perpetuate. Part of this is short term good can equal long term bad. and we all know intelligence isn't equal as much as we would like it to be.

leonair

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Quote from: Fakhrulenclix on June 12, 2023, 04:01:47 AM

Quote from: Altryist on June 11, 2023, 12:42:24 PM

Quote from: leonair on June 11, 2023, 11:08:05 AM

The most important reason why people are still poor is the lack of proper use of money and unnecessary spending. The employment rate is very low compared to the country's population and food prices are rising at a massive rate in almost every country due to which about 60% of a person's income is spent on food and the rest is spent on other activities. even is often seen is that the salary they get is not enough to meet their monthly expenses. And this is why they are not able to make savings. On the other hand, those who can earn huge amount of money are not able to use this money in the right way and hence they are not able to improve their financial condition. And this is why people are stay poor

60% for food is a lot, there may be two reasons, either the salary is very low, or financial management needs to be corrected. Everything, of course, will depend on your income, respectively, the higher the income, the less percentage you will spend on food, I think in this case it would be more correct to look at how much is spent per month on food in dollars, since it will be more understandable than in percent.

it all depends on income, I don't deny that if someone spends 60% on food, maybe even more if the income is small.
spending money on needs or wants if not excessive is not a reason for people to remain poor, but people who do not increase their income will remain poor because there is no will from themselves to change everything.

It is very difficult to get a high paying job where the unemployment rate is increasing day by day. So everyone is forced to do low paying jobs to save their lives. Almost all countries except few developed countries have this problem. However, to overcome this problem, the government needs to take initiative and reduce the corruption in the country and bring the price of all products to everyone's level, otherwise it is not possible to overcome this problem. And the desire to be rich should be removed from the mind.

Litzki1990

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Quote from: crunck on June 11, 2023, 03:50:50 AM

Quote from: Semar Mesem on June 10, 2023, 10:29:35 AM

I think the thing that makes someone still poor is that he doesn't have a clear vision about money, he thinks that money is a normal thing and is not his target or hope, when he gets a lot of money it will be easy to spend it according to his pleasure, he always thinks that tomorrow there will be the same money.

What you say is also partly true, but that is not the only reason. No one wants to be poor, but everyone's situation is different. Many people are unlucky to live in a poor country with a corrupt government, no matter how hard he tries, he will never get out of poverty. Or those who always work hard, but there are too many events in life, so no matter how much you work, you can't accumulate enough to become rich. There are many reasons and causes that make someone poor forever.

Yes, no one wants to live a poor life, everyone dreams of becoming very rich one day. Although everyone has a great desire to become rich, many ultimately fail to reach their goals. There are some who are just looking for opportunities without trying how to get rich and some are working hard to change their destiny. Getting rich is easy for those who already have money but only those who have to start from zero know how difficult each step of life is for them. But I believe it is possible to change one's financial situation with right work and hard work in right place and to change financial situation one must take risk in life along with risk some opportunities in life should be utilized then only then we will be able to change our position.

nlovric

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Quote from: smile1218 on June 11, 2023, 05:57:09 AM

There are many reasons why people stay poor and these reasons can vary depending on the individuals situations and the society they live in. Some common factors that contribute to poverty include lack of access to education, limited job opportunities, low wages, inadequate healthcare, and discrimination. Education is a key factor in breaking the cycle of poverty. Without access to quality education, individuals may lack the skills and knowledge needed to secure higher paying jobs and improve their economic situation. Limited job opportunities can also be a barrier to economic mobility, especially in areas with high unemployment rates or limited industries. Low wages are another common factor that can contribute to poverty. Even if individuals are employed, their wages may not be enough to cover basic expenses like housing, food and healthcare. Discrimination can also play a role in keeping people in poverty. Marginalized groups like women, people of color and those with disabilities may face systemic barriers to employment and education that limit their economic opportunities.

Lack of educational opportunities keeps people in poverty because it makes it harder for them to learn vital knowledge and skills. Low earnings and inadequate work prospects further impede economic mobility making it difficult to meet bare necessities and improve living conditions. Furthermore those who are poor may experience greater financial difficulties as a result of the lack of adequate healthcare services making it more challenging to treat health related problems. Discrimination adds a further layer of inequality by placing systematic obstacles in the way of some groups access to both education and work. It takes all encompassing efforts to address these concerns including better education systems job growth wage regulations that are fair accessible healthcare and the promotion of equitable opportunity for all.

Fakhrulenclix

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Quote from: Altryist on June 11, 2023, 12:42:24 PM

Quote from: leonair on June 11, 2023, 11:08:05 AM

The most important reason why people are still poor is the lack of proper use of money and unnecessary spending. The employment rate is very low compared to the country's population and food prices are rising at a massive rate in almost every country due to which about 60% of a person's income is spent on food and the rest is spent on other activities. even is often seen is that the salary they get is not enough to meet their monthly expenses. And this is why they are not able to make savings. On the other hand, those who can earn huge amount of money are not able to use this money in the right way and hence they are not able to improve their financial condition. And this is why people are stay poor

60% for food is a lot, there may be two reasons, either the salary is very low, or financial management needs to be corrected. Everything, of course, will depend on your income, respectively, the higher the income, the less percentage you will spend on food, I think in this case it would be more correct to look at how much is spent per month on food in dollars, since it will be more understandable than in percent.

it all depends on income, I don't deny that if someone spends 60% on food, maybe even more if the income is small.
spending money on needs or wants if not excessive is not a reason for people to remain poor, but people who do not increase their income will remain poor because there is no will from themselves to change everything.

Altryist

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Quote from: leonair on June 11, 2023, 11:08:05 AM

The most important reason why people are still poor is the lack of proper use of money and unnecessary spending. The employment rate is very low compared to the country's population and food prices are rising at a massive rate in almost every country due to which about 60% of a person's income is spent on food and the rest is spent on other activities. even is often seen is that the salary they get is not enough to meet their monthly expenses. And this is why they are not able to make savings. On the other hand, those who can earn huge amount of money are not able to use this money in the right way and hence they are not able to improve their financial condition. And this is why people are stay poor

60% for food is a lot, there may be two reasons, either the salary is very low, or financial management needs to be corrected. Everything, of course, will depend on your income, respectively, the higher the income, the less percentage you will spend on food, I think in this case it would be more correct to look at how much is spent per month on food in dollars, since it will be more understandable than in percent.

newdevices

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Quote from: OGsmall on March 12, 2023, 10:41:55 AM

I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.

Getting rich from cryptocurrency can happen but it's all from the person himself, whether he wants to learn from his every mistake or not,
and most importantly if you become a trader you must eliminate greed, because greed will be a disaster yourself.

leonair

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Quote from: smile1218 on June 11, 2023, 05:57:09 AM

There are many reasons why people stay poor and these reasons can vary depending on the individuals situations and the society they live in. Some common factors that contribute to poverty include lack of access to education, limited job opportunities, low wages, inadequate healthcare, and discrimination. Education is a key factor in breaking the cycle of poverty. Without access to quality education, individuals may lack the skills and knowledge needed to secure higher paying jobs and improve their economic situation. Limited job opportunities can also be a barrier to economic mobility, especially in areas with high unemployment rates or limited industries. Low wages are another common factor that can contribute to poverty. Even if individuals are employed, their wages may not be enough to cover basic expenses like housing, food and healthcare. Discrimination can also play a role in keeping people in poverty. Marginalized groups like women, people of color and those with disabilities may face systemic barriers to employment and education that limit their economic opportunities.

The most important reason why people are still poor is the lack of proper use of money and unnecessary spending. The employment rate is very low compared to the country's population and food prices are rising at a massive rate in almost every country due to which about 60% of a person's income is spent on food and the rest is spent on other activities. even is often seen is that the salary they get is not enough to meet their monthly expenses. And this is why they are not able to make savings. On the other hand, those who can earn huge amount of money are not able to use this money in the right way and hence they are not able to improve their financial condition. And this is why people are stay poor

CryptSafe

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Quote from: Fredomago on June 11, 2023, 02:16:11 AM

Quote from: CryptSafe on June 09, 2023, 05:50:31 PM

Quote from: Maidak on June 08, 2023, 12:31:19 PM

Quote from: uswa56 on June 08, 2023, 09:46:45 AM

Quote from: 19Nov16 on June 08, 2023, 04:18:42 AM

Poverty is a part of life, just like wealth, poverty will continue to exist, various efforts made by the state will not be able to make all its citizens rich, if we live in a developed country like the USA or Europe, the poor are also easy to see, this is certainly not mistake, but poverty is something that rich people can get many benefits in life.

it's all not the fault of the government of a country but it all comes back to each other and back again basically human beings are different and diverse so that some are rich and some are poor.
but if someone wants to be rich then it is not impossible that it will happen even for the poor if he wants to be rich then he will be able to make it happen, but all of that is not easy it takes a long process and struggle to get it.

Poverty is not entirely the government's fault, but they have some responsibility for it. If you live in a country where there is corruption, the currency depreciates, and the government only cares about itself and neglects its people. Even if you work hard to death, you will never get out of poverty. It can be said that the environment also plays an extremely important role in the wealth or poverty of people.

Truly the government have there own roles to play in every society it governs. Sometimes the government also have their own issues too. In tackling poverty, the government as institution can help reduce poverty by creation of job opportunities through civil service commission, industries, agencies etc that can take in workers in other to reduce the rate of poverty and unemployment in the various societies but as an individual one needs to be productive and creative so as to be self employed rather than waiting for the government to create employment opportunities before one can be gainfully employed to be able to survive. This makes me curious and I asked what if the government is incapacitated to carrying out any recruitment exercise what will be the outcome? Wouldn't they look out for a better and legit way to survive. Will they keep waiting for the government always?

The government has their own share but shouldn't be the main factor of bringing jobs, it's the people who need to locate the legal ways of surviving in life, you can extend your capabilities by learning things that can give you a decent day job or a good side hustle or you can establish small business that will allow you to survive.

I see your point in terms of government help, but you can't rely on it in my opinion as the government can corrupt the budget and leave their citizens hanging and waiting for any projects in this kind of situation.

You are right mate irrespective of the government lapses too we should learn to call a spade a Spade. The government though have a big role to play when it comes to creating job opportunities such as the civil service commission atleast this is a major employment scheme to get government secretariat occupied with work force to produce tangible results but the issue of corruption has eaten deep into the system. They have turn the system to man know man to get things sorted out for themselves and families.

Looking at the other way round, unemployed citizens or individuals should do well to learn or acquire skills which would help them get occupied pending when there is mass recruitment by the government. Getting a skill helps cusion ones economic challenges because it would help one get a lively source of income and dependent of any body or the government.

As you have said, one should not necessarily wait for the government to do everything. One step ahead puts you in the right direction.

smile1218

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There are many reasons why people stay poor and these reasons can vary depending on the individuals situations and the society they live in. Some common factors that contribute to poverty include lack of access to education, limited job opportunities, low wages, inadequate healthcare, and discrimination. Education is a key factor in breaking the cycle of poverty. Without access to quality education, individuals may lack the skills and knowledge needed to secure higher paying jobs and improve their economic situation. Limited job opportunities can also be a barrier to economic mobility, especially in areas with high unemployment rates or limited industries. Low wages are another common factor that can contribute to poverty. Even if individuals are employed, their wages may not be enough to cover basic expenses like housing, food and healthcare. Discrimination can also play a role in keeping people in poverty. Marginalized groups like women, people of color and those with disabilities may face systemic barriers to employment and education that limit their economic opportunities.

crunck

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crunck

Quote from: Semar Mesem on June 10, 2023, 10:29:35 AM

I think the thing that makes someone still poor is that he doesn't have a clear vision about money, he thinks that money is a normal thing and is not his target or hope, when he gets a lot of money it will be easy to spend it according to his pleasure, he always thinks that tomorrow there will be the same money.

What you say is also partly true, but that is not the only reason. No one wants to be poor, but everyone's situation is different. Many people are unlucky to live in a poor country with a corrupt government, no matter how hard he tries, he will never get out of poverty. Or those who always work hard, but there are too many events in life, so no matter how much you work, you can't accumulate enough to become rich. There are many reasons and causes that make someone poor forever.

Fredomago

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Quote from: CryptSafe on June 09, 2023, 05:50:31 PM

Quote from: Maidak on June 08, 2023, 12:31:19 PM

Quote from: uswa56 on June 08, 2023, 09:46:45 AM

Quote from: 19Nov16 on June 08, 2023, 04:18:42 AM

Poverty is a part of life, just like wealth, poverty will continue to exist, various efforts made by the state will not be able to make all its citizens rich, if we live in a developed country like the USA or Europe, the poor are also easy to see, this is certainly not mistake, but poverty is something that rich people can get many benefits in life.

it's all not the fault of the government of a country but it all comes back to each other and back again basically human beings are different and diverse so that some are rich and some are poor.
but if someone wants to be rich then it is not impossible that it will happen even for the poor if he wants to be rich then he will be able to make it happen, but all of that is not easy it takes a long process and struggle to get it.

Poverty is not entirely the government's fault, but they have some responsibility for it. If you live in a country where there is corruption, the currency depreciates, and the government only cares about itself and neglects its people. Even if you work hard to death, you will never get out of poverty. It can be said that the environment also plays an extremely important role in the wealth or poverty of people.

Truly the government have there own roles to play in every society it governs. Sometimes the government also have their own issues too. In tackling poverty, the government as institution can help reduce poverty by creation of job opportunities through civil service commission, industries, agencies etc that can take in workers in other to reduce the rate of poverty and unemployment in the various societies but as an individual one needs to be productive and creative so as to be self employed rather than waiting for the government to create employment opportunities before one can be gainfully employed to be able to survive. This makes me curious and I asked what if the government is incapacitated to carrying out any recruitment exercise what will be the outcome? Wouldn't they look out for a better and legit way to survive. Will they keep waiting for the government always?

The government has their own share but shouldn't be the main factor of bringing jobs, it's the people who need to locate the legal ways of surviving in life, you can extend your capabilities by learning things that can give you a decent day job or a good side hustle or you can establish small business that will allow you to survive.

I see your point in terms of government help, but you can't rely on it in my opinion as the government can corrupt the budget and leave their citizens hanging and waiting for any projects in this kind of situation.

Topic: Why do people stay poor? - page 4. (Read 3304 times)