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Author Topic: This what poor people need  (Read 525 times)
Silberman
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December 23, 2021, 04:25:59 PM
 #81

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.
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December 23, 2021, 05:23:13 PM
 #82

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.

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December 23, 2021, 07:19:24 PM
 #83

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.

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December 23, 2021, 08:41:23 PM
 #84

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.

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December 23, 2021, 09:28:37 PM
 #85

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.

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Dragonfund
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December 24, 2021, 08:43:36 PM
 #86

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.
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December 24, 2021, 10:21:45 PM
 #87

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.

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December 25, 2021, 03:35:59 AM
 #88

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 .,

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