Poor and Rich

[hatshepsut93]

This phrase is kinda wrong. The rich don't always get rich, they also lose a lot when the market turns bearish, although they never lose all their money and still remain rich. And the poor don't always become poorer, many people get lifted out of poverty thanks to opportunities presented by the free market. And if you look at the global historical scale, there's less extreme poverty today than 30 or 50 years ago.

This all doesn't mean that things are looking good now and nothing should be changed, but the phrase "the rich get richer and the poor become poorer" is often used by utopian left-wingers who want to instantly dismantle the current system and replace it with their perfect vision that never worked.

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[bestcoins1]

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?

I also wonder who wrote the quote so you say we all know. Even though I never cared about this kind of quote because in my opinion it is just a quote to distinguish lazy people from people who work hard.

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

No, I don't think that's always true although it's not entirely true either. Because there are also people who are already rich at this time who were poor when they were young (children) or before they grew up. But there are also those who, when born, immediately get their wealth through their own parents, which is indeed passed down from generation to generation to the next generation in the family line.

And what you have to know here is that those who have been rich since birth are those who get an inheritance from their own father, not based on what he has earned. And it could be that his father used to be a poor man who worked from nothing and became rich when he was almost old so that his wealth could be passed on to his children.

While the poor doesn't have any of those?

Actually everyone who is born into this world is poor because there is not a single thread that he brings into this world except for what his own parents love and what he gets based on what he tries to do when he grows up. So basically the rich are also poor people who have become rich through wealth from their lineage.

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 have made a very good start to your job and it is exactly what you should do because there is no better idea than to keep working and making money and keep saving to make the future a little bit better than before. So keep working and saving regularly for yourself and your family.

[GreenStox]

In my opinion, yes, because the rich already have money and their parents will teach them how to manage the money, while the poor don't have it all, so if they are born with a different status, you will see a very big difference.
its fact and cannot deny.

[bitcoindusts]

Another factor is the mind set of rich people and poor people.  They have different mind set that resulted in different outcome.  Rich people mindset is to make their expenses as investment and since they have money to spend, they often create a business that is connected with their hobby or interest and get profit from it.  While poor people's mindset is to spend money to satisfy their interests.

[loopes]

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

No, I don't think that's always true although it's not entirely true either. Because there are also people who are already rich at this time who were poor when they were young (children) or before they grew up. But there are also those who, when born, immediately get their wealth through their own parents, which is indeed passed down from generation to generation to the next generation in the family line.
-snipped-

Yeah i am agree with you, rich people are not always born with much wealth from their parrents, but some of them have a privilege of being born into rich family. The richest kids in the world that was born from rich family is Princess Charlotte of Chambridge. She is already get her wealth through her parents. At her age of 7 Years, she has arround five billion in USD. Also there are many people that were born from rich people and they have already their savings and invesment that are give from their parrents as you can see from this source :



Reference :
top-10-richest-kids-in-the-world

[Wakate]

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.

When people say the rich will become more richer and the poor will become more poorer, it means the poor would always meet the rich for work and the poor will keep working for the rich making them richer while the rich keep paying the poor peanuts. We can always look at it from intelligence and how the rich are so inclined using there money to create different investments and employing people to work and get paid below what they are supposed to get. When people work for the rich, they will become richer while the poor are the one working hard to make money for the rich.

[Dr.Bitcoin_Strange]

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?

Hello OP, Some rich people today weren't even born into a rich family, but they strived hard and believed that they were going to build wealth and riches for themselves, which they finally did. Most of these rich people who were not born into rich homes disciplined themselves, became time conscious, were dedicated to the work they found could be a breakthrough, were consistent in doing the right thing that gave them hope, etc.

To build wealth is not so easy, but to spend the money is very easy, and when one is not conscious of their spending habits and is not conservative in their financial life style, they become prone to remaining in the poor stage or perhaps trying to maintain the middle class stage over and over again, because they make the money and spend it wastefully (unwisely).

From my understanding of some life situations, to be poor or to be rich is based on some factors, such as;

 

• Environmental influences
   
• Friends' influence
• Family influence
• Morals learned from childhood
• Health issues
• Conflict issues
• Life challenges and bad luck

Depending on the environment in which an individual grows up, if it is an environment where the people living around are reluctant towards becoming better in life, the person can also decide to be reluctant and accept what ever the people around them tell them. Friends are also something that can either encourage or discourage you to do a thing or not. If one has friends who don't work, they will definitely want to influence you and discourage you from working. Some parents would always strive hard to feed their children from childhood into youth; they wouldn't encourage them to work, and they wouldn't advise them how important it is to note that one day they will need to take up responsibility for themselves. Some people try so hard to earn an income to build wealth gradually, but along the line they may be faced with some serious health issues that can suck up all the money they have managed to realize, and when they become well again, they have to start from scratch again. Some people just manage to save up enough money to start a business or invest in something good, but if a serious conflict happens in that business area, it can cause the business to shut down. I don't know if some of you will agree with me that life is sometimes unfair to some people; no matter how hard they try to make things work out for them, they are always faced with one challenge after another.

No matter how determined someone is, despite having a good mindset to create wealth from scratch, if that person is faced with some life challenges, they can easily or forcefully give up (I will give an example of that). One guy in my place just started his business in 2019, and he was really making progress, but due to the COVID-19 pandemic and lockdown, this guy exhausted all his business funds before the pandemic ended. After the end of the pandemic, he started from scratch to build a new business, but his shop caught fire at night due to some electrical issues, and before the fire was put out, the whole stock in that shop was almost burnt. His landlord still asked him to refinance the shop, so the guy became bankrupt again, and as I write in this forum now, after the guy relocated from the city back to his village since 2021, he's not back till now.

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?

OP, back to the quote, I used to believe in that quote, but now I disagree with it. You will say this guy is crazy, but the reason I disagree with that quote is because someone can be born into a rich home—the dad or mom may be rich—but after the death of their parents, the child can mismanage the whole wealth and return to nothing (bankruptcy). A rich man or woman who is priveleged to inherit their relatives wealth can be foolish, and in the process, all the wealth will vanish; there have been cases like that.

The poor man can decide one day that he or she is tired of suffering. He may engage himself in what others are doing to gain wealth, and along the way, luck might shine upon him. He will gladly embrace any opportunity that he may encounter, and when the money comes his way, he will definitely know how to manage it because he has had bad experience (experience teaches someone lessons).

The rich will only get richer if he or she truly understands what it takes to build wealth, how to protect it, how to generate more wealth, how to develop good financial management skills, or possibly has a good hired financial manager that can help them. The poor can also become poorer if they refuse to try any positive thing that can improve their lives. Do you agree with me that there are some poor people that sometimes get convinced within themselves that if they don't beg from others they can't feed; some also believe they need to pick pockets before they can feed; some also believe that it's only their uncle or aunty whom they depend on who can feed them for life; those are the classes of poor people who will ever remain poor unless they realize themselves and have a rethink.

[dothebeats]

Rich becomes even more rich because they already have the capital and lots of leverage to make money. Easier to create something out of something than something out of nothing. The poor can be rich if they have the right connections and the right amount of luck, but that rarely happens that's why you keep on hearing the same phrase over and over again. Wealth creates more wealth, and those who don't have it would chase it forever, and it's an almost impossible task nowadays.

You can work forever on a higher position for a company but that wouldn't assure that you'll even get to a fraction of what a rich man has unless you invest amd begin making your money work for you.

[ethereumhunter]

I actually disagree with the quote "the rich get richer and the poor get poorer". Because I see that many rich people previously came from poor families but they have a strong will to change their destiny. They work harder than anyone else and hold on tight to their dreams to achieve them one day.

We all have the right to be rich, but of course, we must follow terms and conditions. It is true that the rich already have prior wealth that they can use to seek even more wealth. But that doesn't mean poor people can't be rich. Once again, it depends on how hard we work and how we can improve our lives.

[ancafe]

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?

Quotes that always describe poor people so that this class of people never develops and at a certain stage these quotes also have a meaning that is close to the true word.

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

It depends on how the parents prepare, if the parents are negligent and never prepare, then their savings and assets will also run out without being properly developed.

But the most important thing is not only preparing savings, but how parents prepare their children to live independently and not depend entirely on the wealth of their parents, they will live their own lives as adults and have responsibilities towards their families. If their parents do not educate them to be more independent, then under these conditions they may not be able to maintain economic stability and even inherited wealth will run out if it cannot be managed properly.

While the poor doesn't have any of those?

While the poor have to work hard from the start because they are not inherited from their wealth and savings, so their work is much harder than the rich.

In terms of opportunities we can say that the rich are far more fortunate than the poor, but what needs to be understood is that rich and poor alike do not have the ability to work hard and are unable to manage proper finances, their lives will never be much different either, because when they have the responsibility that is seen is the ability not the opportunity they have.

[lovesmayfamilis]

This phrase is kinda wrong. The rich don't always get rich, they also lose a lot when the market turns bearish, although they never lose all their money and still remain rich. And the poor don't always become poorer, many people get lifted out of poverty thanks to opportunities presented by the free market. And if you look at the global historical scale, there's less extreme poverty today than 30 or 50 years ago.

This all doesn't mean that things are looking good now and nothing should be changed, but the phrase "the rich get richer and the poor become poorer" is often used by utopian left-wingers who want to instantly dismantle the current system and replace it with their perfect vision that never worked.

You're right. We have seen many examples of people breaking out of poverty. Of course, there is always luck and diligence in the knowledge of the sciences, education, and ability to work. Obviously, not everyone is destined to be a rich person, and not all business strategies initially expected to be profitable justify hope.
But in the same way, we have often seen examples of the fates of people who were born with a golden spoon in their mouth, by default assuming a prosperous life, but became bankrupt because they misused their property.
Therefore, I would also not start from the premise that the rich get richer. It all depends on the person. We must always be careful and try to be wise in handling our capital. For this, there is a proverb: live and learn.

[Cryptmuster]

In my environment, there are no those who would have left a good fortune as a legacy, there is only one friend to whom parents gave their business, but because of the crisis, he could not keep it afloat, he lost it. Therefore, we have to create wealth ourselves, and almost always we will achieve everything ourselves. On the one hand, I think this is good, because if you learn how to do it once, then you will have the confidence that you can repeat it if necessary.

[GeorgeJohn]

Everyone have different ways of understanding, its the point of view who introduced that world of a rich will continue to get richer and the poor will continue to get poorer, its a personal opinion which we know that life doesn't depend on that, I seen severally someone the family had nothing but it became rise and erase the family from poverty dwelling, so it's our mindset and our strategies in life create the means or way of us getting rich, many people get rich through entrepreneurs and some people get rich through government employment, so it's depend on your creativity and area of concentration.

[ringgo96]

i also often listen to the quote but a lot happens nowadays people who have enjoyed the current glory they have been fighting for a long time and the average rich person today they have also been poor, but they continue to try and finally can succeed at this time, and for the poor do not despair even though they have not found the point of glory then the effort until the wealth we want can be achieved, All need a process and confidence is the most important capital.

[Dr.Bitcoin_Strange]

Obviously, not everyone is destined to be a rich person, and not all business strategies initially expected to be profitable justify hope.

Wow, you are really saying this again. I have always heard people say this over and over again: "Not everyone is destined to, but could it be true? Is it really something to be agreed upon that some people's destiny is not really to make success? I don't really know if I should believe that nature has cheated those people, that bad luck has always come their way, or if even before birth they were destined not to make it.

Sir, there is something that tends to confuse me also. You know, some people don't usually achieve success in their early years; they sometimes achieve success and acquire wealth at the age of 40 or 50. Could it also be that that's really when they were destined to make success, or that they have been living with little knowledge on how to make wealth?

I notice something, sir. It's not as if some people are not destined to win, but the country, the city, or their residents may also delay a person's success or deprive a person from getting rich. In some third-world countries where there are still some rural villages and communities, most people in such places do some menial jobs and hard work just to feed themselves and their families. If some of them don't get the opportunity to travel to the city, they may just be poor as well, but when some of them do get the opportunity to be exposed, they make good use of it because they don't want to go back to poverty.

I may be wrong, but I also want to get more ideas about this from you or any other member, sir, if you have the chance to do so.

[hyudien]

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.

The saying that says so is not foreign, but its impact is that the perspective of a poor person feels that he does not have the opportunity to live a better life. Never believe in such things because a person's situation can turn around 180 degrees.
Even being born rich or poor does not guarantee that you will last long. Although there are people who are born rich, maybe when they grow up their wealth decreases because their parents get older. And vice versa, so it's not a matter of being born poor or rich but how we choose a way of life to survive. Rich or not depends on how much you sacrifice to achieve it all.

[zaki12]

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.

The rich are getting richer because of the money they use to make money. While poor people can be rich, rich, they are good at managing their finances.
This is just my reality. Never be ashamed of poverty, but be ashamed of knowledge, because great knowledge can change one's fate. The mindset in thinking that I have to succeed in flashbacks backwards is also important in the future so I don't make the same mistake again. But there is one thing that is most important is implementing a policy of economic checks and balances.

[uswa56]

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.

The rich are getting richer because of the money they use to make money. While poor people can be rich, rich, they are good at managing their finances.
This is just my reality. Never be ashamed of poverty, but be ashamed of knowledge, because great knowledge can change one's fate. The mindset in thinking that I have to succeed in flashbacks backwards is also important in the future so I don't make the same mistake again. But there is one thing that is most important is implementing a policy of economic checks and balances.

not all rich people can get richer, I don't agree with this quote, everything depends on money management and knowledge to be able to make money.
precisely what has a big effect on rich people is that they can easily get higher education so that they have qualified knowledge to make them richer, it's not just their money that is at stake to make them richer.

and it's true, it all depends on the mindset and belief to be able to change someone from poor to rich, it's not impossible and there's been a lot of evidence from world celebrities who initially struggled from poverty.

[Semar Mesem]

Poor and rich are things that will never be separated, wherever we will meet poor and rich, this is because the poor and rich will need each other, a rich person must have poor people who work for him, if there are no poor people then life will never be balanced, the services of the poor are also great because they are the ones who grow fruit, vegetables, wheat and so on, the rich should be grateful for the poor.

[KaliLinux]

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.

Someone that is already rich has the leverage to keep investing and continue to make profits which will be difficult for a poor person to do. I remember a similar post like this some time ago with regard to Bitcoin investment. A rich person might not be bothered about market dips because they have other means of finances or even in the case of an emergency will not want to sell their Bitcoin cos there are other financial options but this is not the same for a poor person that invested in Bitcoin and has an emergency, selling their crypto assets will be the only option cos there is no other extra funds and cannot even invest in other opportunities. As they say, "You use money to make money" and this is usually not the case for the poor.