Reasons you will remain broke as an adult

[odunybiz]

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 :Money never look for lazy people. You have to do something to make money. Being relax and so comfortable with one stagnant position, activate poverty. You must learn to move out of your comfort zone, be passionate and ready to bear a bit of discomfort to change things.

👉👉You do not value your time :You don’t have regard for your time. You don’t even value your time. Time is an important factor in life and how you use it or put it to use will determine the trajectory of your life. As an adult, you may remain broke for a long time if you play video games all day, sleep the whole time, literally while away time and spend time watching movies on a smartphone or gadget that could earn you money.

👉👉You don’t have a skill :In this world that has now become a global village, you need a skill to thrive. Choose a skill, learn and learn, and implement it as you learn. Allow yourself to be taught by people who are experts in the field that you have chosen. A single skill can save you from poverty.

👉👉You are not teachable :Some people act like they know it all and would not take to corrections. Such people don't allow people who have gone ahead of them to show them the way. Then they start making mistakes and taking the wrong steps which could cost them heavily. You need guidance as an adult whose desire is to do away with being broke forever.

👉👉Failure to take action: This is a very key point. You may always attend seminars, read books and highly knowledgeable but always scared or too lazy to take action. You can be likened to a farmer who has the tools and necessary implements to work and make cultivation happen but just being lazy around while boasting that he has them. This can make any difference in his life. Taking necessary step can help to bring an end to one poverty.

👉👉Reckless spender: Some people spend anyhow. They spend money on unnecessary things. Every money that comes to them is for enjoyment. No saving, no investment, no planning of setting money aside with the aim of multiplying it. They spend it all on unrealistic cravings and frivolous activities. You are likely to remain broke as an adult if you lack self-control and spend recklessly. You need discipline if you are truly sure that you need financial.
https://tribuneonlineng.com/reasons-you-will-remain-broke-as-an-adult/

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.

[1713521475]

1713521475

[1713521475]

1713521475

[1713521475]

1713521475

[1713521475]

1713521475

[1713521475]

1713521475

[_act_]

Good ideas, you are not wrong.

But this is the other side of it:

Inflation increases poverty rate, resulting to increaing unemployment. This is common in Africa most especially because they have bad leaders.

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.

[hugeblack]

You can write a long list of things that make adults poor, but it is difficult to narrow this list to how to change poverty behaviors into productive behaviors, especially since many countries of the world suffer from inflation, narrow job opportunities and difficulty in finding job satisfaction due to the lack of competition.

Therefore, knowing why you are poor is not a problem as much as changing the habits of poor to rich.

[DooMAD]

So much of this is exploitative nonsense in a weak attempt by companies to justify paying slave wages.  Not everyone can have a dream job no matter how much effort they put in or how qualified or skilled they become.  Job markets are finite.  Just because you learn something new, doesn't guarantee a position will magically open up for you to apply for.  Or that you won't be competing with dozens of other applicants when such an opportunity does arise.

And it's still no guarantee that you'll be rewarded for your efforts.  Many people working in the health service as nurses or midwives spend years to become qualified to help save lives.  No one would dream of calling those "easy" jobs, yet the government in my country still had the audacity to offer them a paltry 1% "payrise" (hint:  if it's less than inflation, it's not a payrise).

And the vast majority of jobs available are considered relatively "unskilled".  But that doesn't mean they're easy jobs where you can simply coast.  And all of the people making good money in highly paid jobs are always the first to complain if people in the service industry, notorious for sub-par wages, don't provide the service they are expecting.  Ultimately, you get what you pay for.  And too many companies are not paying their staff a living wage.  There should be no such thing as "in-work-poverty".

By all means, give yourself the best chances you can by being skilled and proactive, but it will not guarantee success in this current economic climate, where capitalism has been utterly bastardised and perverted by the ruling classes.

[stompix]

A lot of the adults are broke for a completely different reason, while they keep giving advice and having also a plan on their own, when it comes to reality and not theory there is a sudden wake-up call, all those encouragement speeches, all that motivation fails when you realize that when it actually comes to do it stuff for real, not to just think on how you will do it there is a huge difference.

As I just stumbled on his name on a different topic, Kiyosaki is a great example, he made millions "teaching" them about economics and business and how to make money, but when it came to applying his own teachings in the real world, well, this happens:
'Rich Dad, Poor Dad' Author Files for Bankruptcy for His Company


So less lonely bored housewife-level motivational speeches and documentaries, more real-life experience. Behind the keyboard or the video camera, everyone is an expert on giving advice, when it comes to actually do it, you can see the outcome everywhere around you.

[aoluain]

I have come to the conclusion that after over 30 years of working my wealth has not really
progressed in any meaningful way. I put this down to a number of reasons.

Commercialism - on my part of being a wreckless spender line the OP's last point.

FIAT Banking - letting myself become ensnared by traditional financial system

Wage Slave

It's up to everyone to try and break the cycle of working to pay loans and or succumbing
to the allure of the "I want" culture.

Or being more financially literate.

[cabron]

To be financially literate is not taught in school, we realize this when we already have responsibilities to shoulder.
Hard to say you will survive when the whole country you live in struggles to float. With economy and companies are shutting down, it really is hard to make money even when you apply as a maid/cleaner or lawn cutter, you may still struggle to find customers.

If only its free to harvest the wild life and sell them for food, life wouldn't be this hard for someone who has the skills to shoot. 

[danherbias07]

Love the conclusion part.
The blame game had always been the point of view. They don't even look if they were lazy, too hard to teach, and other things like you mentioned.
When they learn something, they tend to get stuck with it or they go think like they are pros.
IMHO, I like being a newbie every time I see a chance. To learn more. To be updated with recent changes in how things are done.
Right now, it's getting way difficult to find a job because there's a lack of manpower needed thanks to the internet and new applications that could do it all.
You have to be wise and try to learn other things, new things, and apply them to your old knowledge.

[virasisog]

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.

That is one of the major problem in our country. Citizens especially the poor always put the blame on the government. No government is perfect and there are always issues of corruption in all of its branches but we can't blame them for our personal status. We will remain poor if we'll not look for opportunities to earn and to change the path that we're taking. If we are poor now, we should find ways to improve our situation without relying on the government.
The government can only provide us with temporary aid but they can't actually solve poverty completely. The change will start if we'll acquire skills and grab the opportunities that can take us away from the yolk of poverty. But if we will rely on our fate at the hands of the government, we will only remain poor forever. The government isn't always reliable, to be honest.

[panganib999]

It's much easier to put the blame on the one afflicted of poverty than to actually take into account the multiple factors that which contributes to one's impoverishment. For instance, the government, admit it or not plays a very crucial role in determining their country's poverty index. Less opportunities for education for instance, as well as the basic commodities like food, job, healthcare, and affordable cost of living which could be allocated, if not wholly provided by the government could cause much of its population to fall under poverty. Unequal opportunities brought about by such happenstances also causes poverty, you wouldn't blame a 6-year-old boy completely quitting schooling to sell recyclable trash only to cover up for his family's expenses, would you?

[Furious 7]

Indeed what you say is true, but the fact is that when we are brought to life with the real world not just theory we clearly have other mistakes again and again and actually to change this is obviously very difficult so that poor people remain like that because regardless of some the point you say is still when the opportunity does not exist then everything will still be the same as before.
If indeed getting rich can be done by changing the points you say, of course now no one is poor anymore is not it.

[uneng]

Each individual has his Achilles' heel which prevents them from going further in financial life. The points mentioned on this thread are true, but then, how can people overcome those difficults and obstacles in their personal lives and more exactly inside themselves?

Past experiences affect our behavior on the present moment, especially if those were negative experiences. I understand people who are scared or insecure of trying something new because they have already tried and failed before. Traumas and frustrations are constantly adding in life while preventing people from going ahead.

[BIT-BENDER]

Many reasons can make anyone financially incapacitated. The top of my list is discipline well I say this because is one thing to know how you make money and it's completely another thing to ensure the money doesn't just go away into thin air.
I have come across people who at a point through their skills, education, opportunities, got financial breakthrough but after some time they lost almost all they have earned. I can reconcile their situation to lack of discipline.

Money is intoxicating especially when you have lots of it, it is discipline that keeps you on your toes to ensure you make adequate use of money when you get them, to create cash flow for yourself (more avenues to making profits).

[gantez]

👉👉They are not proactive :Money never look for lazy people. You have to do something to make money. Being relax and so comfortable with one stagnant position, activate poverty. You must learn to move out of your comfort zone, be passionate and ready to bear a bit of discomfort to change things.

This time in the world you can not go out to work in government office or your own office but you can stay on internet to be lazy to another people but you provide good money for yourself and family with business online.

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.

If you admit to it that the government do have to contribute large in the success of the masses out of poverty you don't need saying the other way not to blame the government. The government has all to make the masses not to be in poverty but they put people into poverty yearly , they go into war and displacing of people and you lose your business and love ones and contacts so how do you survive or make yourself come out of poverty if you have manage to build some space of success already because they go into war. Look in Ukraine displace people don't have homes to stay, they find it hard to survive because of war in the area. It is the government having the responsibility to secure good environment for business for the masses and without this masses will be hard to leave poverty line. Afaik the  government should help people out of poverty with good environment, loan also.

[nara1892]

It's difficult to do what the OP says for various reasons, here it's not always from the individual who is less aware of it, because indeed we can't ignore the role of the government in this.
Maybe I'm here to talk about what to do as an individual. I think one's ability to do what the OP says should be based on a foundation of discipline. Because what I see from some successful people are those who are disciplined in any way. Yes for me that is the main foundation that one should have. Besides that, there is such a thing as being consistent, that's also what I personally find difficult to do. Because we can learn things like that skill and with the development of an increasingly modern era I say it will be easier to learn something.

[goldkingcoiner]

I think you might have made your list a bit too long. There are too many variables when it comes to humans. Not everyone values the same things the same ways. Some people do not value money as much as others. Some people value money too much. As far as making money goes, the main issues can be narrowed down to two things. 1. Not having/obtaining a skill and 2. Not spending your money wisely. Plain and simple. Every other problem can be derived or traced back to these two problems.

Also, you need to realise that everyone has a different "broke borderline". Some people see a few thousand dollars a month as broke. Some people are happy with a few hundred dollars a month. Depends on where they live and what their values are, really.

[Oceat]

The only very reason I find why most people are broke is because they were too lazy although, it's not always the main reason but mostly it's because of their laziness that's why they end up being the same as before. If people were striving just to survive or to get out the poverty, they will in no time but it should always come with a self-control and patience if they want to continue succeeding since it's not always about how hard you work but it's also how you control yourself from being a reckless spender that would lead you to becoming broke someday.

[Fortify]

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 :Money never look for lazy people. You have to do something to make money. Being relax and so comfortable with one stagnant position, activate poverty. You must learn to move out of your comfort zone, be passionate and ready to bear a bit of discomfort to change things.

👉👉You do not value your time :You don’t have regard for your time. You don’t even value your time. Time is an important factor in life and how you use it or put it to use will determine the trajectory of your life. As an adult, you may remain broke for a long time if you play video games all day, sleep the whole time, literally while away time and spend time watching movies on a smartphone or gadget that could earn you money.

👉👉You don’t have a skill :In this world that has now become a global village, you need a skill to thrive. Choose a skill, learn and learn, and implement it as you learn. Allow yourself to be taught by people who are experts in the field that you have chosen. A single skill can save you from poverty.

👉👉You are not teachable :Some people act like they know it all and would not take to corrections. Such people don't allow people who have gone ahead of them to show them the way. Then they start making mistakes and taking the wrong steps which could cost them heavily. You need guidance as an adult whose desire is to do away with being broke forever.

👉👉Failure to take action: This is a very key point. You may always attend seminars, read books and highly knowledgeable but always scared or too lazy to take action. You can be likened to a farmer who has the tools and necessary implements to work and make cultivation happen but just being lazy around while boasting that he has them. This can make any difference in his life. Taking necessary step can help to bring an end to one poverty.

👉👉Reckless spender: Some people spend anyhow. They spend money on unnecessary things. Every money that comes to them is for enjoyment. No saving, no investment, no planning of setting money aside with the aim of multiplying it. They spend it all on unrealistic cravings and frivolous activities. You are likely to remain broke as an adult if you lack self-control and spend recklessly. You need discipline if you are truly sure that you need financial.

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.

One thing I found and was guilty of myself for a long time was the sheer lack of financial knowledge that people possess even into their 30's, 40's and beyond. For many people even mortgages are a mystery until they come to use them and pensions might be the entire extent of their investment knowledge. However once you start getting a real interest in holding company stocks for the long term success, instead of trying to make short term easy wins, then you get a much better understanding of how the financial world works. It takes a lot of real research and absorbing so much new information but it can really set you up for long term success in many aspects of life.

[trendcoin]

I can't say that I'm broke, but I didn't get what I deserved. I missed dozens of opportunities where I could make more money. I didn't make enough money because I was afraid to take risks. I didn't have enough money to risk it because I had to pay off some debt. Fortunately, I managed to pay off my debt, but I could have done a very good job if I had taken more risks. I hope I will achieve my financial freedom in the next cycle. When that day comes, I will feel like a gladiator who got his freedom certificate by fighting in the arena in the Roman Republic. :))

As a result, I was not broke, but I did not gain financial freedom because I had no money to risk. The reason I failed was because I acted cowardly.

[South Park]

You can write a long list of things that make adults poor, but it is difficult to narrow this list to how to change poverty behaviors into productive behaviors, especially since many countries of the world suffer from inflation, narrow job opportunities and difficulty in finding job satisfaction due to the lack of competition.

Therefore, knowing why you are poor is not a problem as much as changing the habits of poor to rich.

This is the main problem, I think enough time has passed for humanity to realize most if not all the reasons why people are poor and why they fail to realize all their potential, but how can we change this? That is the question that still does not have an answer, because if we actually had it then poverty would have disappeared long time ago, and if to this we add that in some cases this runs against the interests of very powerful industries, like it is the case of the banking industry which would like everyone to be indebted up to their eyeballs, then it is easy to see how humanity has failed on solving this problem.