Topic: Working over 20 years still poor - page 4. (Read 1239 times)

I don't understand why everyone blame @OP for not getting rich.

It's not only about financial management or looking a job with higher payment, but it also depend on his family. If the @OP is a sandwich generation where he need to cover his sister, brother, father and mother needs, it's really hard to save money because the money he earn mostly only enough to survive.

If you're rich or not a backbone of a family, you need to be thankful and respect the other who's not lucky as you.

It's not about how long you work, it's about what you earn and save that guarantee your wealth. Some people work hard and earn low while some work smart and earn high. The salary will determine if you will be poor or rich after working for so long.  

Secondly, management is another key to wealth, if you can manage your little salary well you can be richer than someone who earn good salary than you but mismanage his funds.

Savings is another key to wealth too, you must learn how to save from your little salary, no matter, not too long it will be huge for investment. Never underrate saving.

You're right. That's one thing that we can't deal with and it's a sad truth that even how hard we work hard and smart, there's always this factor on why we have to push further and work even more. This inflation is unstoppable and just as the taxes that we're paying, this is going forever and no one will be able to defeat that unless there has been a government move to stop it and give it wholly to the people. But no, they want people to work their assess all day long so they keep the government keep going on.

Not exactly. A person might work for 25 hours a day and still be poor. Imo it is not a matter of how hard person works (there are people who just put stamps on documents and sign them, and earn hundreds of thousands), but where he works and what kind of person he is. Working for 20 years and still poor - that means that worked has zero ambitions to improve his earnings and isnt a unique specialist at a job he does.

When you work for someone, you are working for that persons dream and purpose. It is in rare cases that someone gets rich from working from someone. In many of the few cases where it has happened, the person did not get rich from just depending on the salary from the job they do. Salaries only pay you enough to be able to sort your bills, not to get rich. From the steady source of income that working in a job can give, hard financial decisions and planning will determine how your financial state will be in five years from when you start.

These days, wealth isn't determined by how long you've worked, your educational background, your level of life experience, or what your destiny is. Your abilities, opportunities seized, careful planning, and investment risk-taking are what will determine how wealthy you become not your destiny will work it out for you. Everyone gats to work out and create their destiny by themselves.  

You cannot succeed in life by relying just on salary-based labor, no matter how many years you have worked. You can only feed and take care of your family with the money you earn.

You could invest or start a successful business if you needed to escape being poor. But keep in mind that this is risky in the sense that anything could happen and it demands large sums of money. You can fail or succeed in them.

Of course, you are right. Work smart as well as hard.

The smart work people should get together and recall any or their Congress people who don't shut down the Federal Reserve Bank. Why? Because it is the double standards that the Fed is doing that is creating places like the homelessness in Portland, Frisco, and LA.

How is the Fed doing this? By multiplying money out of thin air, thereby causing inflation that the people can't handle.

That's a very nice idea, those that we see today as the rich fellows in the society have what they do that make them remain a rich person, it is not by how harder we keep trying to be rich, but how we think and act fast in utilization of opportunities coming on our ways, some people cannot even manage the little money they have, how can they maximize it to grow into something big, if we cannot be trusted with the little we have, then we are only proving being incapable of handling what is large, that's why some may never be rich in life.

Well, I am pretty sure that I've seen people work hard and very well but it seems that their hard work isn't still enough. So, you're right that they didn't work hard enough. However, in this generation, working smart is another thing that everyone has to consider to become rich. Whilst those that have worked for the rest of their lives and they've got exact provisions for themselves, the definition of being poor on them is subjective on what they think about it. So it has to be both working hardly and smartly or wisely.

That's true, the riches are skilled in making money but not all of them managed to do it equally and rightfully.

work that is occupied for a lifetime will not make you rich, it will only make ends meet.
wealth is a skill in life about how to manage finances. then to achieve wealth we must learn how to manage money.

A religious believer might call it destiny or could possibly say that it's based on the person's faith.
But one thing I believe is that how long one works does not guarantee how successful the person will be; rather, how smart the person works will determine the end result of that effort. as there is always a big difference between working smart and working hard.

So in the case of Mr. A working for the past 20 years without being able to make it out of poverty, it might be as a result of Mr. A just doing the Job just to get paid, and the payment is just being used to foot Mr. A's family's feeding expenses and needs, and there is nothing more than that needed by Mr. A.

And Mr. B happens to be doing the same work that Mr. A is doing but for a different purpose and with a different passion. Mr. B has passion for the job, and in fact, it might be part of what Mr. B considered to be hubby, and as a result of that, Mr. B puts more effort into being productive in the company, not just as a regular salary earner, but is sharing more value in terms of knowledge and ideas. You will see that Mr. B might likely have a greater chance of getting a promotion to a higher level where a salary increase will be necessary. and Mr. B might also be saving up his savings, which can in turn be invested in other things that could be of great profit in times to come, and as a result of that, the financial status of Mr. B will be considered higher than that of Mr. A.

Except for the people who are digging for gold in a proven gold-field.

Hahah this time around no body works hard to be wealthy, you can only work wisely to be wealthy or comfortable. Working wisely is when you are able to see the opportunities you have and going for it. Working hard is to put in your thinking cap and not to act sheepishly in the face of what needs to be done. Taking action is better than procrastinating. So this time around, the amount of muscle you have doesn't make any one rich, those who are rich are employers of labour.

Working over 20 years still poor


Not working hard enough

That's one, I've read a lot of story on how they've worked hard for so many years and yet, they're exhausted, tired and almost got no savings at all. The problem really differs per person and that's why some don't have a lot of obligation and they're likely free with finances and the rest have got a lot of problems on how they're going to budget their salaries because it isn't enough thanks to inflation and lifestyle inflation.

When you're making money and you're doing it the tough way, you'll give the importance and urge that it should be spent wisely because you want it to multiply and don't want it to be gone too soon. While being educated financially, this is also another reason why many don't make it.

There is difference between destiny and life style. That person who have made it from doing that job may have a life style of prudence but the person who is not making it from same job may have extravagant lifestyle. So this may be a reason that people who do same jobs don't achieve at same level. If you have the lifestyle of partying of course you will have to be a spendthrift and that means spending. On the other way, if you are the investment type, you witness financial growth.

The reason may be due to a lack of managing finances, or a lot of expenses so that finances are running low. You only need to increase your source of income, be good at managing money, and don't be wasteful. It all depends on whether or not someone is disciplined in managing their money.

Don't rely and wait on your country before you can move or progress in life, take the challenge and be responsible for yourself, try and learn skills, develop your character, be creative and make new friends in a new environment, stop holding unto the poor people's mentality, if not one will continue to be poor all the days of his life, you can't have a new whine in an old whine skin, think about it and change yourself first before you can have a changed result, enough of sitting down with the fold of arms, engage them working something out today.

What's the extent of still working in the same work it's better of quiting and look for a better business to engage oneself instead of working without results to show that one is making progress. Sometimes not really about working for 20 years that defines ones richness but how dedicated are you with your work, because most people usually see some government as something not worth dying for or even put much interest because at the end of the month they get their paid.
Note: this is only applicable to Nigerians but I don't think if others country out of Africa could jeopardize and compromises their work place

When it comes to being rich or poor, I’ve found that at least in developed nations it is more determined by your spending habits than you ability to earn income. I know people who make over a quarter million dollars a year and are nearly broke from vacations and fancy rental homes and leased cars. I also know people who make less than $20K a year and live like Kings because they are debt free and self sustaining. If you’ve worked for 20 years and are broke, check your spending habits.