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In our modern society, the phrase "a poor rich man" is a powerful explanation for a very specific group among the wealthy. People who are rich and have so many assets but suffer from a poverty of financial acumen and strategic vision. This dynamic is a critical yet overlooked challenge faced by many affluent people, resulting not because they lack funds, but from a low level investment mentality that ultimately drains their capital. The primary problem of this "poor rich man" is wealthy stagnation. While they possess substantial wealth, their conservative and most times fearful approach to capital management prevents their money from performing its fundamental economic function which is growth.

After a careful examination, I have gotten the observation that there are certainly, behavioral Roots of Financial Poverty. This behaviors are rooted in what can be called "scarcity mindset" despite the fact that they have abundance of resources. If you carefully take a good look at some wealthy people in our society, you'll see this scarcity mindset manifested in two different ways which can be;

1.The Fear of Loss: Having successfully generated and gathered a large sum, the most important agenda becomes capital preservation rather than capital appreciation. This often translates into an excessive aversion to market volatility and risk, leading them to choose safety over necessary growth. The fear of losing everything they've made over the years, pushes them to keep their wealth saved or stored which causes it to be rather stagnant than producing more wealth.

2. Lack of Financial Education: Many wealthy individuals are experts in the field that created their wealth (e.g. manufacturing, law, medicine) but are amateurs in wealth management. They delegate investment decisions entirely or, conversely, make impulsive, uneducated choices, lacking a disciplined, long-term strategic framework.

For the poor rich man, the high societal expectations associated with their status adds even more to their distress. They are expected to maintain an expensive lifestyle but their wealth is not generating the income necessary to sustain it without drawing down the principal. This leads to a gradual, self-inflicted decline, where a fear of financial loss ironically leads to its eventual realization.
Ultimately, the phrase underscores a critical lesson in financial stewardship: true wealth is not merely about the quantity of assets, but the quality of the strategy applied to manage and grow that capital. A large fortune without investment acumen is merely a large target for erosion.

For you to gather wealth and even gather more, you have to learn to invest.

i normally consider a "rich" man someone that loves to show it off, wastes money on glamour for the appearance of wealth/lavishness
i normally consider a "wealthy" man someone that loves to invest and grow their money, living frugal or more subtly. ensuring sustainability

in the richman scenario.. for me a "poor richman" means to me someone who has wasted the earned/inherited money due to bad decisions
- they have all the glamour assets for appearances, but no money left to upgrade, maintain, keep the glamour alive

in the richman scenario.. for me a "rich poorman" means to me someone has borrowed his way upto the appearance of lavishness
- they have all the glamour assets for appearances, but now suffers with debts due, the monthly payments, the interest. things they cant fund


financial education is more key than just having the bank balance/portfolio total
controlling your emotions is more key than the dreams of a happy/fun/exciting future
financial and social goals for own prosperity are more important than the emotion/presentation for others benefit

if you are making rash/rushed decisions because your too keen on impressing others you will never succeed.
Eg 'if i sell at X and the market turns, everyone will call me trade-king and celebrate me for my 'perfect prediction skills'

There's this saying that goes "the biggest or greatest risk in life is not taking risk at all." If you think you are scared of taking risks because you don't want to lose, then you're doing more harm to yourself because a money that isn't invested on can never make profit. It's more like the biblical story of a master that gave talents to his faithful servants before embarking on a journey. After sometime, he came back and asked the servants how they managed what was given to them. Out of the three that were given talents, two worked on it and made double of what was given to them but the last one went to hid his talent and brought back the same thing that was given to him. The master was disappointed and took back that which was given to the slave. It's as easy as these, if you think you don't want to work on yourself or what you have out of being scared of losing it, then you're doing yourself more greater harm. The amount of wealth you as a man have will not increase itself rather it will reduce because you are making payments, sorting out bills, debited and spending. So you should not expect it to be the same amount you left just as you can't eat your cake and have it back.

if you are afraid of taking risks, afraid of losing everything.. then dont.
instead realise you dont need to go "all-in".. instead just try a small sample size trial/pilot. a small amount of money or small amount of time to learn, and build from that in a risk free version

imagine you want to start a branded t-shirt company. you dont need to re-mortgage your home to finance a $200k start-up
instead:
get some $2 shirts, slap your logo on it. sell them for $20
buy just 10 shirts($20) using disposable income that would have been wasted on fast food
try to turn the 10x $2 shirts into $200
try to turn the 100x $2 shirts into $2k
try to turn the 1,000x $2 shirts into $20k
try to turn the 10,000x $2 shirts into $200k

..
the issue arises though.. which shows the difference between rich vs wealth
a rich person when getting to $200k from starting small.. would then waste it buying a house. thinking its ok to spend all that $200k capital because they can start again from broke
rich people dont care about going bankrupt, infact it becomes part of their plan to repeatedly go bankrupt to wipe off debt. they dont try to remain sustainably wealthy the rich prefer to repeatedly go broke by putting their assets into other family members names, or trusts, and then declaring poverty/bankruptcy

every wealthy person that got his wealth legitimately knows the important of investment and quite an handful of them always invest in one or two things. as a matter of fact, the edge a rich man has over the poor is that the availability of funds in the hands of the rich helps him to invest into any asset that he finds around him that even if the poor man sees it, they can not cease such opportunity because of lack of funds.

Not taking any risk is a risk on it own because in a time as this when the economy is not stable at all, if you do not have asset of different kinds, things can go wrong and the single asset you are holding unto for instance can go down and lead you to poverty in the process. the best way to remain at the top is to ensure that you make you money work for you and the only way your money can work for you is when you invest it into an asset.

If someone made their wealth then I would say they are equipped with enough knowledge about everything related to finance and sometimes even preserving the wealth is a challenge because there are many rich parents who gave everything to their kids and they just wiped all their wealth that took generations to build.

However the ideal thing to do is also focus on the increasing the wealth or just buy the asset that appreciates over time such as gold and bitcoin.

That is one thing people don't know or fail to realize. They think saving the wealth will be much safer not knowing they are endangering their legacy. You know what you went through to build your wealth so why hesitate when it finally comes? Certain wealthy people would rather dig a pit or hole and have their money stored there than putting it into use by making or laying investments which ought to help them in the future. This act is all of the result of fear of losing what have already been made and going back to the years filled with stress and overthinking.

 The challenges faced by some people now is how there wealth can be controlled or managed at last. Wealth is something that is never supposed to remain stagnant but moves with constant velocity so as to keep it moving. Some rich men and women ends up losing every single asset all because of mismanagement either from his side or that of his children, so  to avoid going back there should be proper management pattern which involves cutting down unnecessary expense and other useful methods which can perform the same functions.

On the personal perception of themselves that would be right, but on the side of the people, such a man would still be seen as a rich man. Hence, a poor rich man in the view of the life around him, should be seen as one who is actually rich but chooses to stay around the poor, live like them, drink and dine with them in same neighborhood, with none of his friends knowing how wealthy the man is across the state.

When a 'poor rich man' with the definition you have given shows up they may be given more respect than this kind of poor rich man I've defined. Because people love to see them cars, jewelries, and shiney clothes to judge. While the actual rich man in their means has chosen to lie low and leave a segregated lifestyle. And because he has picked this side of living, they think his just poor or average, but on his personal perception he is rich and comfortable.

It is because no one wants to see their legacy fall so they just settle with stay where they are instead of making more and it is not wrong either but they should atleast pass on the knowledge they inherited and learned in their own life so that their kids can make it even better. Most parents don't and their spoiled rich kids fucks up everything when they come to the real and cruel world.

Also, they have to learn how to protect their investments and assets. Because without knowing on how to protect and retain it, they're going to end up still being broke without knowing how to take it back. And so, those who have become poor and then eventually got rich, that's what they're trying to do. They're doing things to protect what they have obtained with the wealth that they have because there could be no more chances for them if they go back to their former lives of being poor. They can't afford to start from zero all over again.

Right now, this is what I'm talking about. If you think you want to protect what you have left and not work on it, you're just risking your life man. You can't just have money and expect it to keep increasing or stay at the same amount when definitely you're spending from in there.

That's right, rich people that have made it, they know how to protect their wealth and that's what they have been doing. We might see them splurge their money to the things they want but at the same time, they know that it won't suck all that they have. So, spending wisely, investing wisely and protecting the wealth is the key to financial freedom. Once they know how to earn money passively and actively, the stability that they get there is already a blessing to them that they have to retain and protect.

Having been rich I don't think someone will not build and protect his wealth.because this is something that takes you years to acquire, that's why you see most rich people don't think of losing penny to their business partner's in respect of who they are.

To me one should probably put an end in fallout to where you left year's back.

In as much as you are alive and rich please make sure you do no go back to where you were.

Because this has caused so many damages in the rice home's today.

Keeping to standards is one of the most certainty of a rich man.

not everyone who has made their money get to keep it because some end up spending all their money due to poor management of funds usually or probably because they simply do not have enough money to support a lifestyle they want to live

There is a level of richness that you can be, you wont feel like going into anything in life. The relaxation that comes when you have an unwavering source that gives you enough money that you can imagine.

"scarcity mindset"? I doubt all of them face the same challenges. And you might be wrong, most of them are into several investment or business that is not open to the public. They tend to keep them in secrets.

Exactly!
They dream to live extravagantly without investing in the same pace as their expenditures which later cause them to go bankrupt. There's one thing about having or acquiring wealth and there's another thing about maintaining that wealth which has been acquired.
Money as some people say, is very intoxicating and if you do not apply wisdom in handling it then you'll lose it all before realizing it is too late. So that is why I came up with the name "Poor Rich Men."
It is not because they are poor but just pretend to be rich but rather because they are rich but do not know how to handle, build and even sustain their wealth.

Some people are just lucky to inherit their wealth from their parents but they don't know how to multiply it. Also, some people were lucky to get a good job but couldn't multiply their wealth because they lack the knowledge to do so. When they get old and retire, they begin to manage to feed themselves because there's no means of cash inflow anymore. Investing should be your priority. So that, you don't live a good life during your youthful age and suffer at old age.

Building a successful business from scratch is one of the most difficult career path to follow in life and the most beautiful at the same time. The stumbling blocks in building a business from scratch especially in a country where the economy is at its bear is never a simple task. Having to start a business, learn from the mistakes and rise up to build a business empire and become so wealthy comes with a lot of accommodating responsibilities such as learning financial management and discipline, appropriate funds allocation or appropriation, learning how to take loans where necessary and what to you in exchange like a collateral is very key in every business and this is what most people will not tell you that sometimes in your career you will have to go take loans either to boost your business capacity or to rebrand the business.

Bussiness itself a skill and knowledge and not everyone can succeed in it, one needs to be extremely aware of many things not just about the finance or how to manage a business then every business graduates must become a successful one but in reality no it is not that is why people who build a successful career maybe aware of the growth part or even preserving part but some or even most fail when it comes to pass on their acquired knowledge to the kids which gives them a start instead of scratch and they can go in with years of expereince instead of zero.

It only works if there would be no taxes. You can run a trial run clandestinely.
The plan for a short term, unfortunately we are animals who fall into the getting used to phase. You need an iron will to do that project.

Good thing is if you fail after turning the 1,000x $2 shirts into $20k,you know your mates drop by with a bottle to celebrate and you get into blowing 10k.
Than you see why you need to become more disciplined.  

That’s right, which is why it’s essential for one to start in training their children in a way they won’t regret later and also the same goes to their spouse, because they will also be of help in managing their finances very well just in case you weren’t around, they can be able to handle their business, which will help in growing the business.
But, before one can be able to teach others, they should be able to start within themselves, that is to say they also teach themselves on how they manage their finances and try to avoid unnecessary spending for the benefit or the growth of their business.

People recognize taxes. Taxes are protectionism. If the taxation people do what they are supposed to do - make the people strong - they won't over-tax. Then the people can do business in a good and successful way - maybe better with taxation rather than without it. Problems come when the revenuers overstep logic, and try to become rich through taxation. That's when everything starts to break down.

The next step is to lie to the people enough that the people are blinded to over-taxation.

In the US, the lie is that the banking system (which is the taxing system) has lied to the people that the taxes go to government. And the people believed the lie, hoping to become stronger.

Taxes really go to the banking system. The government gets its money by borrowing from the banking system. Nobody knows how much the banking system gets. But did you ever see a poor bank? Their buildings are always in the best of shape, even before they shut down.

This system is failing. The failure, when it is complete, will hurt everybody, but will 'kill' the banking system strong-arm people.

8)

To my own knowledge on poor rich men in our society.entales on how did your wealth come about,time frame you became rich, mentality when you were poor and become rich.some wealths comes has opportunity to some poor men and they don't have the capacity sustaining the wealth.so there are properties every where,but with time when the source stops and they don't have that knowledge to sustain the properties or investment,they start selling to sustain till they go broke.

Your question ❓❓ is complicated to me, do you mean to say the problem poor and rich men have in our society? Please check if it's topographical error. It's an interesting topic if corrected please.

Success is not determined by the amount of wealth but by how I manage that wealth. As you said, there are many rich people who have the skills to earn money but are inefficient in saving, investing and growing that money. In this case, even if they do not have money, their money is at risk because they are not able to grow their money or wealth and are not able to manage it properly. Fear of excessive loss and lack of financial education create such problems mentally and behaviorally. There are many who do not want to take risks after reaching the goal of wealth and wealth and only want to hold on to it later. Although such thinking is a self-preservation instinct, it causes stagnation in the world of economics. Again, if someone makes the wrong decision without having basic knowledge of investment or wealth management or relies on others to make decisions, their acquired wealth can be eroded. Wealth does not only depend on having a bank balance but also on how it is managed. If you want to be rich, you must also have financial awareness, financial education, and a risk-taking mentality.  It is not enough to just acquire wealth, but to maintain it and grow it, it is essential to have investment knowledge. We can only become truly wealthy when we can use our money properly and manage it safely for the future.

Not just learning how to invest but how to invest wisely. The problem most rich man have is venturing into a wrong investment that consume their money and sometimes make them run into bankruptcy. To invest is not always the big problem but maintaining the investment to become a successful one has always been the issue. Although, you're right that fear of lose is one of the reason why most rich people failed to invest but is that really the right way to preserve their wealth? It's absolutely not the right way. Investment is what keeps your money growing but it has to be the right investment.

The rich men would take their money and invest in businesses that will earn them money and sometimes business don't go the way it ought to go and that have been some investors predicament from the start. Most people that we see that look poor or that don't have money might have gone through different stages of riches and because of the mistakes of investing in the wrong settings, they lose money that should have make them richer. So many bad investments mistakes and the best decision we can take is to ensure to do necessary research before making an my investment.

Exactly, making money is not easy also to sustain the money is not also easy, that’s why people should equipped themselves very well in every part of life, to make money, to sustain it and to also to teach themselves to discipline themselves in order to help them avoid spending reckless or carelessly and should also pass it on to their children so that they can able be able to withheld their family legacy and not to wipe it out because of the lack of discipline and so on.

Thank God you carefully gave this analysis.... It's looking more as if they are begining to forget that there are even taxes which needs to be paid. Imagine you make something out of the little business you venture into and you are not disciplined enough, you'll discover that before you'll take a quick stroll to see a friend and come back, you've spent half the money. It's just life and that's why I came up the theory and called them Poor Rich Men lacking managerial ethics

Not at all, government can never provide for all our need
If government provides all our needs government will be poor ,the money he will use to do better projects will not longer be enough,human being has alots of load in our heads that's why they say,think of what you can do for the government not what the government can do for you.

We give government indirect tax ,but if government is giving us he will give us indirectly too,the reasons behind that secret so that the government will not run dry