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Author Topic: Reasons you will remain broke as an adult  (Read 1663 times)
Pujangga
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October 08, 2022, 06:42:48 AM
 #61

Many people don't care about old age, they only focus on doing hobbies and pleasures that are useless, when bad things happen such as inflation, illness or others then he will sell anything so they will lose money and old age becomes dark.
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October 08, 2022, 07:47:24 AM
 #62

Many people don't care about old age, they only focus on doing hobbies and pleasures that are useless, when bad things happen such as inflation, illness or others then he will sell anything so they will lose money and old age becomes dark.
On what basis do you say this? Have you done some research on it so that you conclude by saying "Many people don't care about old age". In fact, there are those who are old at this time who have never felt how inflation was in the past. Likewise, today's young people who have felt how inflation is, they will definitely prepare for their old age better at this time, although occasionally they do their favorite hobbies so they don't feel too pressured in their lives.

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October 08, 2022, 07:54:54 AM
 #63

I think it is rather easy to explain most common reason why a person when be broke or have an average income when he will be an adult. At first, because people are afraid to change something, to start something. Second reason - people accept what they have. They think that they cant get any bigger, better, successful. They accept their faith to early and surrender. Third reason is surrounding. If a person lives his whole life surrounded by low quality, low salary, average everything, he will start to count this as normal and dont aim to any better.

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October 08, 2022, 09:20:02 AM
 #64

Sometimes life cannot be guessed, everything we have done and we think is the best but not necessarily the result is good, we have to believe that our life is in control, success or remain broke is something we cannot avoid, things we can do is always do the best so that when we are adults we don't go broke.
That's how life is and what you say is true that even if what we do is right it doesn't mean it will work,
there are no guarantees and most importantly keep trying and do your best,
What is clear is that it is not always what we hope for can be realized

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October 08, 2022, 09:27:40 AM
 #65


Did you know that a buried talented person in Africa have high chances to make use of his talent in countries like US, but rather the talent was buried in poverty nations. This could be because of not being educated or lack of exposure to the modern world.

This is part of things we have to take note of especially in Africa. Alot of talented people are on the street suffer because no one is ready to help them out. It's highly good to work in ones talent as one pursue his/her degree.

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October 08, 2022, 11:21:55 AM
 #66

Reckless spending is the top main reason why adults are broke, most of them. Even though they have skills and earning a decent salary, they spend it like a king every single day, that's why there's always nothing left on them after a week. It's a must to know the needs and wants, and always prior the needs of course. Without any financial management, people will always struggle if they are spending more than what they can afford.

However, they have this mindset that "you only live once" to make themselves believe that it's worth buying their wants, yes, but not always. Also, emergency fund is important, which has always neglected by so many.
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October 08, 2022, 01:08:12 PM
 #67

The threat to be broke as an adult can happen to anyone, this is an important lesson for us to always monitor financial conditions, if we only rely on saving while bank interest is not more than 10% per year then we have made mistakes, but with investment we can 100% profit or more.
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October 09, 2022, 06:44:40 AM
Merited by fillippone (2)
 #68

Many people think that the future or old age can be passed happily, finance and freedom of time to do pleasure will certainly be a hope when old age, but we must be aware that the future will be more difficult because many unexpected things, for example are inflation, conditions health and so on.

Old age is suppose to be an enjoyment time of the life of person and not to expect it to be difficult for us. If we want enjoyment in this time we should have to work hard now as young people so that in the future old age we have many joy but not continue to suffer. Being young we have the strength to work, we have good idea running inside us and if we can invest right we won't found old age as difficult because the labour we did in our youth age and invest we can begin to relax and enjoy them. We don't need to suffer in old age if we invest while as young people and the investment we give us financial protection to live and taking care of our health bills, feed properly also and take care of the children.
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October 09, 2022, 08:12:44 AM
 #69

To achieve the value of success in adulthood will be determined by the journey process that we develop. Time, creativity, skill and focus on the goals we want to achieve, without seriously pursuing these four points, then to achieve the value of success will be very difficult.
The presence of the government only makes it easier for the community to achieve something they want, but does not fully expect from the government to encourage the community to achieve the value of success, if this function is placed on expectations that are too big, then the presence of the government cannot fully reach everyone.

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October 09, 2022, 09:42:42 AM
 #70

Being broke is a common phenomenon these days, in that the economic value of things has increased with demand, occasioned by looming inflation. Even those who have jobs get broke a week or two after their salary has been paid. It may be due to bad spending habits, bad debt, choosing luxury over assets, and so on.
However, laziness contributes to the lot too. Whereby one doesn't want to dedicate an ample amount of time to learn a trade or skill that will fetch money, instead they chose to relax and sleep or, procrastinate, for reasons they deem fit. Also when one has some money, even though not sufficient, the ability to invest a certain fraction for future or immediate profits is another.
A broke person has no friends mostly a friend who is wealthy. The rich avoid the poor for this same reason of myopic thinking.
If any one remains broke for not having the patience to stay consistent so as to reap reasonable wages, he/she will remain broke. Old age is not as long as one may think, and it comes faster where one doesn't have finance to keep up with times and trends.

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October 09, 2022, 11:01:42 AM
 #71

Many people think that the future or old age can be passed happily, finance and freedom of time to do pleasure will certainly be a hope when old age, but we must be aware that the future will be more difficult because many unexpected things, for example are inflation, conditions health and so on.
If they don't start working hard in their youth and prepare for their old age, they will not be happy. We see that many young people work hard to have a good old age but apparently, many are also tempted by worldly life while not preparing for what they will do in their old age. If we can start now, we can certainly have good old age and enjoy our old age happily, even though the future conditions will be more difficult. Growing old is a certainty, and we still have a chance while we are young.

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October 09, 2022, 12:26:17 PM
 #72

Quote
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.

right, poverty is not the government's fault 100% the fault is in us too as you said,
managing finances is the most accurate thing so that we avoid poverty during this inflationary period, but no one knows with the current situation.

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October 09, 2022, 01:09:11 PM
 #73

Most people fall asleep when they are young, they do and buy anything they like without caring for old age preparation, so that when they come old age they regret and immediately sell anything for needs, when all assets are sold, they become poor.
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October 09, 2022, 09:20:06 PM
 #74

Most people fall asleep when they are young, they do and buy anything they like without caring for old age preparation, so that when they come old age they regret and immediately sell anything for needs, when all assets are sold, they become poor.
The habit of living too comfortably often makes this happen, in fact not all of them are like that but most of the young people are like that because most of them have lived well and are provided for by their parents so they never think about their future. .
But it's a different story when they are faced with a life that can be said to be mediocre or even less. I think this can be the most powerful way for them to think and think about old age.

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October 09, 2022, 09:25:49 PM
 #75

Many people blame the government because their policies are often not the reality of society, so they protest against the government. But we should also try to try to work well and not violate the rules that the government has made.

Whatever happens, we need to improve our abilities by learning and trying because we will never know which door will give us success. So by continuing to try, we can get results that work for us.
Sad to say, people complain first before doing their own part. If this is the mindset, one will never achieve  life’s success. Although some government policies are not really on our side, but maybe this will also bring good in the future, so we should also be considerate. Let’s just focus on our own and always take time to learn and gain, and go out from our comfort zone if it’s really needed, that way we can always have more opportunities to bring life’s big changes in the future.

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October 09, 2022, 09:34:35 PM
 #76

Being broke is a common phenomenon these days, in that the economic value of things has increased with demand, occasioned by looming inflation. Even those who have jobs get broke a week or two after their salary has been paid. It may be due to bad spending habits, bad debt, choosing luxury over assets, and so on.
However, laziness contributes to the lot too. Whereby one doesn't want to dedicate an ample amount of time to learn a trade or skill that will fetch money, instead they chose to relax and sleep or, procrastinate, for reasons they deem fit. Also when one has some money, even though not sufficient, the ability to invest a certain fraction for future or immediate profits is another.
A broke person has no friends mostly a friend who is wealthy. The rich avoid the poor for this same reason of myopic thinking.
If any one remains broke for not having the patience to stay consistent so as to reap reasonable wages, he/she will remain broke. Old age is not as long as one may think, and it comes faster where one doesn't have finance to keep up with times and trends.

In other words, being broke as an adult is like a choice.
Because as you grow older, you will find ways on how to alleviate your economic status.
It is true that you can always find your options how to generate income if you are being diligent about it.
It is not about where you came from, but how you fight for this life as you grow older.
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October 09, 2022, 09:36:18 PM
 #77

Well in this case it is true, even though there are indeed some government policies that certainly guarantee their citizens, but we as humans who have advanced brains and thoughts will certainly not make this too comfortable because we definitely have targets in life and of course money matters. in this case though it is undeniable that there are some that cannot be obtained but at least we can meet our own needs and that must have money and we have to think about how to get money. It could be by working or doing business and we cannot postpone our lives to the government because as long as we are still we are trying to depend on other people for our lives.
i want to add one more point and that is
They are greedy- they would do anything to get the money whatsoever.
This is karma - if you do wrong you will face the consequences - sooner or later.
Actually in this case regardless of karma or not we must be aware that what we sow is what we will reap and actually in this case I don't really believe in karma, the most important thing is to do what I can to support my life needs by correct then the result will return true and until now that's what I always believe.

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October 09, 2022, 09:41:45 PM
 #78

The rate of poverty keep increasing in most country especially as inflation strikes all natlions. One can move out of poverty even during inflation when necessary steps are taken. Most adults are broke because:
👉👉They are not proactive
👉👉You do not value your time
👉👉You don’t have a skill
👉👉You are not teachable
👉👉Failure to take action
👉👉Reckless spender
All the points you raised OP as the causes of poverty among adults are all valid but I want to add mine.
Some persons must have gotten all the skills and done all you mentioned but became poor due to unforeseen circumstances. Recently there are issues of flooding in my country that have crippled many businesses and homes. The owners of some farms and small and medium-scale businesses would not only become poor but will become debtors because they took loans to start or expand their businesses. In my state, we have had several fire outbreaks in major markets that turned multimillionaires to bus conductors and laborers. A natural disaster can make a once successful adult become very poor.

Another reason an adult can become poor regardless of all his positive effort is sickness. If the person becomes sick or any member of his immediate family has medical issues, it could affect the finance of the family. Sickness would make the individual not put in the needed efforts for the success of his endeavor. Sicknesses are sometimes very expensive to treat or manage, which could lead to poverty.    

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October 09, 2022, 09:47:38 PM
 #79

Many broke adults can find themself on this paragraphs. I want add one more; they don't know how to become adult or they don't realise they became an adult. They spents their time as they wished but they're forgetting tomorrow. They dont want to be responsible. They are ignoring future's problems. When they realised; they starts to blame life, parents etc.
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October 10, 2022, 03:02:37 AM
 #80

Many people blame the government because their policies are often not the reality of society, so they protest against the government. But we should also try to try to work well and not violate the rules that the government has made.

Whatever happens, we need to improve our abilities by learning and trying because we will never know which door will give us success. So by continuing to try, we can get results that work for us.
Sad to say, people complain first before doing their own part. If this is the mindset, one will never achieve  life’s success. Although some government policies are not really on our side, but maybe this will also bring good in the future, so we should also be considerate. Let’s just focus on our own and always take time to learn and gain, and go out from our comfort zone if it’s really needed, that way we can always have more opportunities to bring life’s big changes in the future.
Yes, that's correct. The comfort zone makes us lazy to think about how to have a better life and don't want to try something new, which happens to most people. But if we learn something that might bring good changes for us, we can achieve success in life. Indeed it takes time but no one knows when we can achieve it. Maybe it will not take too long to achieve it and just need some real action from us. We have to focus on improving what needs to be done because each of us will want to achieve our desires in the future and that is why we must continue to take the time to learn.

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