Reasons you will remain broke as an adult

[Silberman]

There are some people that are literally broke, but are not really lazy. Just unlucky and there is no point blaming those kinds. Due to how horrendous that person's economy is, there's nothing s/he could do about it but to keep trying and take any jobs available.
It does not stop a person to keep looking for another opportunities though while being in a job that exactly pays bills and sates the needs.
This is why there are also some people trying to freelance. They are trying to look for opportunities from a developing country to at least sell their skills.

It is true there are people which are broke and it is not really their fault, for example those which got sick with a disease which requires a very expensive treatment may find themselves broke at some point during their lives, however if those people also have several different skills then it is unlikely they will remain broke for the rest of their lives, it will take them some time to get their life in order but with enough effort those people will eventually do it.

[1714607310]

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[1714607310]

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[Mauser]

CONCLUSION
Most time we blame our government and economy for being poor. Although they contribute largely to the masses poverty but we also need to work on ourself to make a difference out of the bad economy.

The biggest problem I see that hinders us from becoming rich, is that the living expenses are rising faster than our income. You made a lot of good points in your post that can help us to save money as an adult. But the big issue is still that our expenses are growing once we get older. We need more money for ourselves to cover medical costs and save for retirement, then we also need more money for our family to support our children or parents. Giving our kids the chance to go to university requires savings, same for helping our parents to find a good retirement home. All the costs keep rising a lot once we are get older, while our income usually only rises 1-2%. That means we need other sources of income to offset these additional costs. Having an investment portfolio seems like the best idea, investing in different asset classes like stocks, bonds, crypto currencies and commodities. The broader and better diversified our investments, the higher the chance we make a decent return overtime. But if we don't start young to build up our portfolio over time it's going to be hard to get enough capital later in life.

[bestcoins1]

Everyone certainly understands that during the adult period, productivity will be reduced, even many people are bankrupt because they do wrong things, for example is a financial arrangement that is not thorough, if we have no investment then the possibility in the adult period we will experience difficulties.

Difficulties are only for those who do not have valuable assets and also the next generation, because usually people who are very mature or old will work as best they can in life and the rest will be continued by the next generation like their own children. That's why educating his own children is also very important because it is also a very good asset for life and he can also take care of every property he already has when he has been taught very well.

[romeitaly]

I'll agree with this! To get a chance not being a broke adult one, always find a motivation and goal that can bring you to a successful someday like having a business. Never stop find another goal after you successfully achieve your current goal.

[FanEagle]

Everyone certainly understands that during the adult period, productivity will be reduced, even many people are bankrupt because they do wrong things, for example is a financial arrangement that is not thorough, if we have no investment then the possibility in the adult period we will experience difficulties.

Difficulties are only for those who do not have valuable assets and also the next generation, because usually people who are very mature or old will work as best they can in life and the rest will be continued by the next generation like their own children. That's why educating his own children is also very important because it is also a very good asset for life and he can also take care of every property he already has when he has been taught very well.

Life is our best asset, we are given a good chance and we will be able spend it however we want. No matter how rich or poor you are born, if you waste your life then you will never achieve anything. Do not consider success measured by how others do, consider what you think success looks like. For me, it looks like spending as much time with my family as possible, not job, not work, not anything else.

Because money can be earned one way or another, but time spent with your family can't be replaced, and if you miss their life, then you will never get it back. Which is why always use life as you want to as much as you can, you won't get a sequel.

[tygeade]

in working the heart and mind are in harmony, so that from previous failures we can think to improve it so that it does not happen again. having several business fields will bring us to a healthy business stability, considering that all our efforts have been planned beforehand, and finally we leave the results to God, because we can only try our best, and we should not be arrogant here

These days starting a job is as cheap as it gets. You could literally start any business with $100 alone and would do a good job, all you are required to do is making sure you can do it yourself, and not hire other people to do it for you. Or you could partner with someone and you can cover each others shortcomings as well if you want to.

I used to have this dream of starting a brand, but I didn't know the field very well, I knew the marketing part well enough, and I found a friend who was good at the field, and we wanted to partner together but it didn't happen in the end. So if you really want to start something and then fail, it’s cheaper than ever now.

The skill required is the real expense. I can afford to spend thousands of dollars, not that I have that kind of money but I could get a loan, that’s not the trouble, I would be able to get a loan as high as 10k dollars. But, can I start a job? No, I cannot, why? Because I do not have expertise in any field other than my own, and my own is a saturated market that I cannot do myself.

This is why it’s clear that we are talking about not money, but skill that is keeping people away from it. Running a business requires some sort of experience where you would have to learn the job, and after you learn it at a good level at someone else’s company, you can then quit and start your own.

[Lanatsa]

The skill required is the real expense. I can afford to spend thousands of dollars, not that I have that kind of money but I could get a loan, that’s not the trouble, I would be able to get a loan as high as 10k dollars. But, can I start a job? No, I cannot, why? Because I do not have expertise in any field other than my own, and my own is a saturated market that I cannot do myself.

This is why it’s clear that we are talking about not money, but skill that is keeping people away from it. Running a business requires some sort of experience where you would have to learn the job, and after you learn it at a good level at someone else’s company, you can then quit and start your own.

I have seen many adult - staying idol and not working for less salary because their ego is more dear than their need.
I know and personally have seen adult want to join an office on their conditions. They want to work but they want to work on very higher salary and all the terms they decide.
For me these people remain broke because they are selfish and arrogant and greedy. They should remain broke because they are meant to be

Each one of us does have that certain level of ego which we do really stick into that or something that do talks about principle in life even though it is already on the situation where its already hard but still they have chosen to stick around and keep looking for something better.Well, its not bad to have that kind of behavior but if you are really having some problems when it comes to daily survival
then it is really just right that you shouldnt really be that choosy on whatever its available.

You would really be finding yourself to be broke if you do keep on choosing just because the current you are seeing doesnt fit out on your interest or standards
which is a behavior that does have its cons too.

[Sebas.tian]

When you don't buy coins in the bearish season, and you don't sell your coins when the price is high in the market, it will make you broke as an adult in the community. Now that the price of coins has decreased for investors to buy and hold until the price go higher before they can sell to embrace income to become a great man or woman in the future, but those that will remain broke in the community will never follow the steps of other potential investors to know when they used to buy coins, and when they used to sell to make a huge amount of income from their investment.

[Cookdata]

I have seen many adult - staying idol and not working for less salary because their ego is more dear than their need.
I know and personally have seen adult want to join an office on their conditions. They want to work but they want to work on very higher salary and all the terms they decide.
For me these people remain broke because they are selfish and arrogant and greedy. They should remain broke because they are meant to be

You cannot say someone is greedy for maintaining their standards, there should be standard take home for you as a professional, you shouldn't allow employees to exploit you because they know you are eager and looking hungry. If you are been employed as a software engineer, and they know you are qualified  and offered the job, they should be ready to pay you that quality paycheck with a good office spacious enough where you can do any job directed to your desk.
Are you even aware that some companies will use your ignorant if you don't come to terms and conditions from the start of the job in your attached employment later so that you don't cry later that you are been used and paid less as agreed, set your standard if you are professional and want to work under a person but I will even advice you to be your own boss instead working under anyone.

[Mahanton]

I have seen many adult - staying idol and not working for less salary because their ego is more dear than their need.
I know and personally have seen adult want to join an office on their conditions. They want to work but they want to work on very higher salary and all the terms they decide.
For me these people remain broke because they are selfish and arrogant and greedy. They should remain broke because they are meant to be

You cannot say someone is greedy for maintaining their standards, there should be standard take home for you as a professional, you shouldn't allow employees to exploit you because they know you are eager and looking hungry. If you are been employed as a software engineer, and they know you are qualified  and offered the job, they should be ready to pay you that quality paycheck with a good office spacious enough where you can do any job directed to your desk.
Are you even aware that some companies will use your ignorant if you don't come to terms and conditions from the start of the job in your attached employment later so that you don't cry later that you are been used and paid less as agreed, set your standard if you are professional and want to work under a person but I will even advice you to be your own boss instead working under anyone.

Set your standards indeed but there are conditions or situations which you might really be that desperate on accepting the job even with less pay which simply means that you had lowered your standard and you dont let that ego of yours telling deep inside that you shouldnt have been treated like this or there's a particular wage or salary for a professional like you.Its true that not all people would really be that lucky or success on making themselves as the boss or someone who do handle out people or making out a new company.Everything do really takes on a process with sometimes been mixed with luck on whatever you've been dealing with.
You would really remain broke if you dont know on how to play with the waves of life challenges and struggles.

[Ultegra134]

When you don't buy coins in the bearish season, and you don't sell your coins when the price is high in the market, it will make you broke as an adult in the community. Now that the price of coins has decreased for investors to buy and hold until the price go higher before they can sell to embrace income to become a great man or woman in the future, but those that will remain broke in the community will never follow the steps of other potential investors to know when they used to buy coins, and when they used to sell to make a huge amount of income from their investment.

Most people don't invest nowadays, and the majority of them are doomed to work from paycheck to paycheck and be completely reliant on their salaries. While the OP's points are valid, I'll have to point out that not all of us have the same opportunities in life, and that's dependent on a variety of factors, such as their country of origin or their family status. Wealth generally provides a wider range of opportunities compared to others who are struggling to get by and attend university or college, while others are forced to work from an early age in order to support their families.

The most vital thing is to not be lazy. I'm 24 years old, and quite a lot of my former classmates in university are not working or are too lazy to go find a job. Most of them are also lacking the necessary skills in order to be competitive. In my opinion, education and skill acquisition should never stop in our lifetime. After returning from the military, I'm planning on starting a variety of online courses in order to broaden my horizons.

[ringgo96]

All of us must have our own problems in facing the economy which is currently not good, and this problem is also experienced by the government in each country, so the most important thing we must apply is by working hard and must have discipline in dealing with every job we are currently living, in fact to face poverty it is very dependent on us and partly it does affect the support of others, then every suggestion given by others we must analyze well because some of it can indeed help us to solve a problem.

[STT]

Everyone wants to work on their own terms, most have no ability to make those demands and must merely go where the money is with no choice on multiple terms.   The biggest clue to progressing or only surviving is to keep learning, most people will stop when they leave school as the job itself does not teach anything extra.   Some in good jobs might learn, may even be encouraged as an investment that would qualify as a good job even if you do not like the job its still good to gain something more then money.
  Only very few will work and learn anything outside of work, thats quite rare to make an extra effort of course people are tired but to only exist on the leash to a job not enjoyed wont ever feel enough its not just the money its a waste of peoples talent .

[Dickiy]

I would say the main reason for most people is a lack of financial knowledge people grow up and work in a 9-6 job they study in school and universities they even read books there and they leave they have got enough financial knowledge about money management, but in reality, people don't know how to save money and what to do with the money they saved because they don't know about investing and that's the key of success for most of people and the reason why people remain broke mostly.

that is correct - they study in college for 9-5 jobs and are not using their mind to be an entrepreneur
People remain broke because they dont value their skills and they just run after other to help them give a desk to work and earn

But that is not really a reason to remain broke during your life, in fact there have been many studies which show there is positive correlation between how much you earn and your education level, or in simple words the more you study the better the pay you receive on average, so educating people to get better jobs works, what happens is that many people do not know how the economy really works and then they suffer huge losses when an economic crisis strikes, which is exactly the scenario which is being played right in front of our eyes right now.

not everyone can go on to high school and not everyone has the same desire all humans are very varied maybe you also see people who have twins who have different fingerprints let alone their thoughts to live a life full of question marks.
experience during school I was never taught to be an entrepreneur and manage finances so that the value is not eaten by inflation, what I am at school is to be able to take all subjects and obey the rules like prisoners or workers, there is no freedom to explore myself to find my identity because when I was required to master all the existing subjects, there I thought, how can I do it all while the teachers who teach me are different in each subject, with the meaning that students must have the freedom to choose their subjects to support their aspirations so that they become experts. in their field and most schools cannot facilitate this.
and in my opinion, learning does not have to be in schools or other educational institutions, we can learn faster if we often interpret every incident in our lives of course in terms of maintaining life or the economy must always carry the 5W + 1H problem formula, I think the formula is very effective without must study within the institution.
maybe when bankruptcy can't be stopped it means we have to reset what went wrong in our business and have to fix it quickly.

the most important thing for us is to have ambitions so that our goals can be achieved and must master the skills that support our goals, in my opinion, it is quite easy for today because everyone can access various information with their cellphones.

[harapan]

I have seen many adult - staying idol and not working for less salary because their ego is more dear than their need.
I know and personally have seen adult want to join an office on their conditions. They want to work but they want to work on very higher salary and all the terms they decide.
For me these people remain broke because they are selfish and arrogant and greedy. They should remain broke because they are meant to be

You cannot say someone is greedy for maintaining their standards, there should be standard take home for you as a professional, you shouldn't allow employees to exploit you because they know you are eager and looking hungry. If you are been employed as a software engineer, and they know you are qualified  and offered the job, they should be ready to pay you that quality paycheck with a good office spacious enough where you can do any job directed to your desk.
Are you even aware that some companies will use your ignorant if you don't come to terms and conditions from the start of the job in your attached employment later so that you don't cry later that you are been used and paid less as agreed, set your standard if you are professional and want to work under a person but I will even advice you to be your own boss instead working under anyone.

The standard issues is the talk for me, like employer's will want you to lower your standards to earn less when you can do more than what you earn actually because they know how eager you want that money. IMHO people should be more focused on a single skill, get to achieve a single skill and not put your energy in two things. The energy shown into anything will payback. Also adults should spend lesser than they earn and also avoid thing's that doesn't give them lucrative profits. it's a nice topic from OP, if there are adults here it will be nice to see them reading all those advice laid down.

[Jody.Drummer]

All of us must have our own problems in facing the economy which is currently not good, and this problem is also experienced by the government in each country, so the most important thing we must apply is by working hard and must have discipline in dealing with every job we are currently living, in fact to face poverty it is very dependent on us and partly it does affect the support of others, then every suggestion given by others we must analyze well because some of it can indeed help us to solve a problem.

True, I also think that everyone has their own economic problems, maybe the difference is how big the problem they are and how they solve it. With a difficult situation like this we all must feel the same about the difficulty of building our good finances. Instead of building a better financial situation, we are busy preparing for something we don't want to experience, namely a recession.
No one wants economic hardship, if we could choose, we would choose a good economic situation.

[RealMalatesta]

When you don't buy coins in the bearish season, and you don't sell your coins when the price is high in the market, it will make you broke as an adult in the community. Now that the price of coins has decreased for investors to buy and hold until the price go higher before they can sell to embrace income to become a great man or woman in the future, but those that will remain broke in the community will never follow the steps of other potential investors to know when they used to buy coins, and when they used to sell to make a huge amount of income from their investment.

I can understand not selling them when they are higher, because you may want to sell it even higher, but not buying when it is low is a big problem. If you buy at 20k right now, and then not sell it when it reaches 100k, then you could sell it when it eventually hits 150k or 200k, that's your own personal preference on when to sell.

However, if you do not buy at 20k at all, then it means you are going to miss out on that chance to make a choice on how much you profit. Not only there are people who don't buy right now, but the shocking thing is there are people who sell right now, and that is beyond understandable for me, how could you sell when it's so cheap and looks potentially so profitable?

[cheezcarls]

If I wasn't open minded to opportunities like Bitcoin and crypto years ago, I would remain broke until today. Despite not being able to understand about Bitcoin and crypto, I was eager to learn more about it after it reached $10k for the first time in mid-2017.

It's where I am finally open minded after ignoring Bitcoin last 2014 after registering an account on Bitcointalk. Back then, I was too reliant on network marketing and online job career where I have failed and a disappointment to my family.

Thanks to my decision in being open minded about Bitcoin and crypto, it changed my life and allowed me to do the things that I wanna do in life like increasing my savings, travel, etc. Crypto has a lot of opportunities a.k.a. "opportunity within the opportunity", if we know how to find it ourselves.

[Fatunad]

When you don't buy coins in the bearish season, and you don't sell your coins when the price is high in the market, it will make you broke as an adult in the community. Now that the price of coins has decreased for investors to buy and hold until the price go higher before they can sell to embrace income to become a great man or woman in the future, but those that will remain broke in the community will never follow the steps of other potential investors to know when they used to buy coins, and when they used to sell to make a huge amount of income from their investment.

I can understand not selling them when they are higher, because you may want to sell it even higher, but not buying when it is low is a big problem. If you buy at 20k right now, and then not sell it when it reaches 100k, then you could sell it when it eventually hits 150k or 200k, that's your own personal preference on when to sell.

However, if you do not buy at 20k at all, then it means you are going to miss out on that chance to make a choice on how much you profit. Not only there are people who don't buy right now, but the shocking thing is there are people who sell right now, and that is beyond understandable for me, how could you sell when it's so cheap and looks potentially so profitable?

People would remain idol but they would not work on low wages - I have seen many people who would refuse to work on less wage - despite of the fact they are incompetent.  To me one of the reason people remain broke as an adult is the arrogance and their attitude toward the people

Ego/Pride will really be pointing you into nothingness or simply you cant really be having a good life yet you are really that too confident of yourself that you should deserve better.
If you are that incompetent, then why would ask out for some position or jobs which would really be having huge salary or pay? You dont have the rights to demand and also
you arent forced on making some application.Therefore, you should really make yourself on assessing on what are the capacities or skills you do have but if you dont
have any choice then for sure you would really be sticking into those nearest possible options.

[darkangel11]

I'm broke as an adult because I keep investing money and rarely taking profits. I became like that because my parents had no idea how to invest and they were always trying to make ends meet, afraid that if they touch what little they've saved up it's going to disappear. I went all in investing in various things, getting real estate, bitcoin, altcoins, but I went so far in this that I almost don't have any fiat money and if this inflation keeps dragging on for more than 2 years I'm going to have to sell some of my investments just to pay the bills

I think that people are broke because they spend too much on things they don;t need and don't know how to manage their stuff. They don't sell the things they don't use just stash them or throw away.