Poor and Rich

[MaterialMouse69]

We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

Is it that the rich have already wealth the day they are born? Have savings and investment?

While the poor doesn't have any of those?

The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.

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[Jawhead999]

Because a rich person have a privilege and have a lot choices rather than the poor. When a rich person want to start his own business, he spend a lot money and if it's going to bankrupt, he can create a new business without need to worry about the money they've spend. While a poor person want to start his own business, he might spend most of his money and it's going to bankrupt, he will not have any money left to create a new business.

[firesurfer]

The poor have fewer options and they have no choice but to put in manual labor or start a business of value. And they do almost everything alone.
Rich people have more money, relationships and ideas. If they can't do it, they'll hire someone else to do it for them.
That's why the rich get richer.

[EarnOnVictor]

Is it that the rich have already wealth the day they are born? Have savings and investment?

There are ready-made rich people, and there are self-made rich people. The first class is privileged, while the second class might be lucky and earn it through hard work. Despite not having a level-playing ground, we should still not relax but do all within our power and environment to improve our financial condition.

While the poor doesn't have any of those?

Poverty is not good and it's a disadvantage that many have to deal with. Yet, some poor people still make it, but it will be so disastrous if poverty has infested the person's brain to the extent that they will not be able to try to make it at all.

The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.

You are doing good for yourself out of nothing, me too, which is evidence that no one truly has an excuse. We should strive with hard work and pray, who knows, luck might shine on us one day and we will become rich.

No one has a total excuse not to be rich!

[Fortify]

We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

Is it that the rich have already wealth the day they are born? Have savings and investment?

While the poor doesn't have any of those?

The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.

Once you get into proper investing you start to understand the real meaning of this, and by proper investing I mean buying shares of companies actually creating tangible products or offering useful services. When you're rich, you have way more money available than you spend month to month or year to year, which means you but shares - those shares return company profits and often get reinvested to buy even more shares. This creates a massive compounding effect over time, allowing the rich to get ever richer - provided they don't spend too much.

[Yatsan]

We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

Is it that the rich have already wealth the day they are born? Have savings and investment?

While the poor doesn't have any of those?

The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.

It is never what they have in the first place but how they managed their advantages to continue having the same financial status; both applicable to rich and poor individuals. The rich ones continue their investment and businesses to sustain their lives while poor individuals are used to the life they are having and becoming not open to changes or betterment. But this is not to generalize. Some poir individuals are just lacking the resources to move up to their expectations. They have the drive but not the capability to start that business or to enrich a particular idea. Bottomline is how an individual seeks for something in line with his/her desires.

[uche6215]

The only thing that makes the poor get rich is their hard work and the rich get richer because they see no opportunities as a flimflam that's why the major investor that is into bitcoin are rich investors. The rich ones have the potential to do anything they want, both business, investment, or gambling.

[cabron]

The rich use thier money to enrich themselves and invest but the poor are too busy working hard to make ends meet. The kids of the rich get thier birthright, are surrounded by influential people living high and are educated also to make money out thier of thier money while the poor kids are advised to get a good job and save money only.

[Adbitco]

Becoming wealthy is from state of mind your body and mental thinking must be renewed (wealthy) before you can become Rich physically. Your mouth and tongue has the power to kill and to live so I don't think those who are seen or known to be wealthy today are being inborn of it but I can say they plan and structure their lives on how it should go. Making investment without you being focused and determinant would still make one poor, set your goals and target walk and works towards them then you will became successful in Life.
Note better, from the day everyone or anyone was born they didn't came with trillion dollars or even being birth with a silver spoon nor Golden spoon they were born empty and pure nakedness but their parents groom and nurture them the way they should grow possibly they were thought the secret of money on time. Secret of money can never be thoughts in any higher institution or college even in the university you can never see it only but only your parents could gives you these guidelines.

[Bananington]

We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

Is it that the rich have already wealth the day they are born? Have savings and investment?

You need money to make money, and the rich have access to money to make more, so they keep getting richer. The poor do not have access to money that is sufficient to find more money, so making money becomes more difficult. Money gives privileges and access to better opportunities. If you have money enough, you will be well connected with people who can offer you better opportunities since they know you are in the same financial class as them.

But it does not also mean that a poor person cannot make money and become rich, he will just need to work harder and be prepared to take opportunities when they come.

[Jody.Drummer]

If presented, maybe it could be said that rich people start their lives from 30% and poor people really start from zero. I can't deny that it really happened, because those who are rich have privileges unlike poor people. But can the rich really be like that? I don't think so, because I have heard of many rich people falling into poverty and also not a few poor people getting rich (in this case we must have different views about what rich is like). But there are advantages that many people don't realize, poor people might be ready when they get rich, and they are better prepared when they have to go bankrupt because they have experienced that. But when the rich fall into poverty, not all rich people are ready for that because they are used to living in luxury.

[bettercrypto]

We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

Is it that the rich have already wealth the day they are born? Have savings and investment?

While the poor doesn't have any of those?

The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.

Maybe you mean that you are now more improved than your previous approach.

      Apart from that, we are also the same in that when I was in high school, I heard quotes like that and not only that, it is also in the bible. Then the change of a person does not come from other people but from ourselves. If we don't make a way to move forward in life, we will die really poor.

[Stalker22]

We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

It means that people who already have a lot of money and resources are more likely to keep gaining more, while people who are struggling financially are more likely to keep struggling and falling behind. It is like this cycle that's hard to break.

A pretty messed up situation, if you ask me. Like, why can't everyone just have a fair shot at success? But I guess that is just the way the system is set up. It is like the rich are playing a game with cheat codes, while the poor are trying to beat the game on the hardest difficulty level.

[cafter]

We all know the quote "the rich get richer and the poor get poorer"

This is best quote in finance, also famous for rich dad and poor dad book.

Is it that the rich have already wealth the day they are born?

many wealthy people are born into wealth , or have access to resources and opportunities that allow them to accumulate wealth more easily than others. However, it is important to note that not all wealthy indivisual inherit their wealth, and many have worked hard and made smart financial decisions to attain their wealth.

why the the rich get richer and the poor get poorer

becuase, those with more wealth and resources have greater access to opportunities and resources that allow them to accumulate even more wealth, while those with less resources often struggle to acquire wealth and may experience a range of negative outcomes as a result.
people who are poor, they can be wealthy if they want to be by working hard, learning, buying bitcoin ,etc.

[Cryptomiles1]

Most at times some Rich people are more of inheritance from their lineage while some are generational wealth that passes from their lineages. However working hard could make you become rich in life if you started making your investment on time also with the help of a mentorship who will lead you through that part of life until you are financially stable.

[Husires]

The problem lies in the process of exchanging assets. The rich is the one who exchanges assets for other assets or more valuable assets, and therefore his assets are constantly increasing.

While the poor is the one who exchanges his labor, effort, and even his assets for liabilities, those liabilities will buy him temporary well-being, but in the long run it is what makes him poor for a long time.

You are now working. It is assumed that the result of your work is to buy assets and that is to let the assets grow to generate income equal to your spending.
But when the salary comes to you and all you do is waste it on vacations or buying a new car or other luxuries, you are imprisoning yourself in poverty.

[Ryu_Ar1]

In this condition there are also several things that make the difference between the poor and the rich because indeed in any case even in this case everyone's views are different, still in this condition the poor and the rich have a very different state of mind.
Maybe it's understandable because in this case there are several factors that can make it have a big difference but on the other hand when we are indeed born and live among people who can be said to be rich, our connections will obviously be very different so it's not to classify this but the words that the rich are getting richer and the poor are getting poorer, it's true because apart from their mindset, connections and opportunities, you can't be equated.

[South Park]

We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

Is it that the rich have already wealth the day they are born? Have savings and investment?

While the poor doesn't have any of those?

The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.

It is really simple, the rich can use their money to increase their efficiency in a way that a regular person cannot do, for example if you want to do anything most likely you will have to learn how to do it by yourself, while the rich only needs to use their money to hire someone which already knows how to do it, so while you spend weeks or months learning, the rich has already reached their goal thanks to their money, do this thousands of times and the advantage the rich have are too enormous for most people to overcome.

[lionheart78]

the rich get richer and the poor get poorer

This article[1] explains clearly why this quotation happened.  Simply said, "The Rich operates in Abundance mode, while the Poor operates in scarcity mode. " which is explained as:

Abundance – You give more because you are already in a better position, which in return attracts more returns. And the Rich habit effect is passed on.

Scarcity - You won’t give unless you are enough, but there won’t be more if you are not giving. Hence the cycle this goes on from generation to generation.

We can see this in terms of how the rich setup businesses and how poor people are contented being employed. The condition also affects the belief and behavior of individual where rich people are more open hand to investment that can yield them multiple returns because they have extra money to spend while poor people even though saw an opportunity but due to lack of financial capability prioritized food to bring on their table.  Thus in terms of generating profit, rich people tends to generates several times while poor people failed to.

As a result, the wealth of rich people keeps on piling up, while the wealth of poor people always get exhausted.




[1] https://www.linkedin.com/pulse/why-rich-stay-poor-stays-marcus-how#:~:text=In%20a%20simple%20explanation%3A,habit%20effect%20is%20passed%20on.

[armanda90]

Because a rich person have a privilege and have a lot choices rather than the poor. When a rich person want to start his own business, he spend a lot money and if it's going to bankrupt, he can create a new business without need to worry about the money they've spend. While a poor person want to start his own business, he might spend most of his money and it's going to bankrupt, he will not have any money left to create a new business.

Rich person have advantage when building new business they have enough capital, there are not problem facing failure with their business and can restart because still having much money. I agreed with you about how level rich and poor as contradiction with poor don't have many option how they can build their business and if taking bank loan and get failure actually have to close their business.

But there are not mistake when some one born with richest parent and many people still happy although as poor, if can't build business they can get work from the rich person, both of them connected each other and we are poor never sad about our condition because still get work from rich person.