Poor and Rich

[Jatiluhung]

actually in fact the adage that the OP mentioned did a lot going on. This is about the strength of capital, the strength of relations and the power of knowledge possessed by rich people, which are indeed far superior compared to people born from the lower classes. But that doesn't mean that people below don't have the opportunity to climb to a higher level. we all have the same potential. it's just that poor people have limitations in capital and also difficulties in obtaining broader insights from higher education. a rich man can even invite a mentor to his house if he wants to be taught something. but the poor have to go to great lengths to gain the necessary insight. but we still hear a lot of stories about wealthy people who came from among the poor at first. and that can be a motivation for us and instill an optimistic personality to be able to achieve what we aspire to.

[alastantiger]

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 truth is that nobody is happy being poor and everybody want to be rich and remain rich till their dying days. Some people are born rich, some become rich on their own. Being poor is not a choice but to remain poor is a choice. There are many opportunities everyday, the problem is that the poor dont make use of the opportunities around them. The different between the poor and the rich is that the poor wait for miracle and manner to fall from heaven. The rich makes use of any small opportunity around them, they invest little by little, the poor save while the rich invest for more profit.

[GideonGono]

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's all about how you manage your time and money.
I've read it before that rich get richer because of the way they think and manage their money (investment, business and doesn't spend much on un necessary things) while poor get's poorer because they live above their means, they spend more than what they really need buy things to look good.
There are people who are born poor but manage to make it rich and vise versa because of how they manage their time and money.

[LogitechMouse]

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?

There are many factors as to why this happens.
Hard work, dedication to what they're doing etc. etc. Right now, the rich are more privileged compare to the poor, but they worked hard for it. Rich know what they will do to their money, and what to do to maintain it. On the other hand, the poor don't know doesn't have any financial literacy that's why they don't know how to use their money to make them out of their current state.

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?

Nope.
The best example is Jack Ma. He worked hard as an employee and often times, he is being rejected when he applies, but he didn't stop there. He worked hard until he reached his goal of being a successful businessman. Another one is the owner of KFC. The owner of one of the most successful malls here in our country. The list goes on and on. All of the rich now didn't start as rich. Some of them just worked hard and dedicated their life just to be a rich, and successful person.

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.

Many of the successful people right now started as a poor person. I still remember the story of the person who is just a shoemaker when he is just a kid until he is the owner of one of the most successful malls in our country. It all comes to, hard work, your goal and how you will achieve it. I mean there's nothing impossible right now. Some rich now dedicated their whole life when they are young to their goal until they reached it.

[Sir Legend]

Poor and rich are things that will never end, life needs poor and rich because without poor and rich this life will not be able to run normally, if in a country all people are rich then they will not be able to eat wheat, eat bread, clean the house and so on , because those who want to do menial work like that are poor people

[gaston castano]

people who are born into poverty may not have the same opportunities to accumulate wealth. They may not have access to quality education or job opportunities that pay well, and they may face other systemic barriers that make it difficult to move up the economic ladder.
that the opposite for rich people, who have many superiority,since they born.

[xSkylarx]

people who are born into poverty may not have the same opportunities to accumulate wealth. They may not have access to quality education or job opportunities that pay well, and they may face other systemic barriers that make it difficult to move up the economic ladder.
that the opposite for rich people, who have many superiority,since they born.

You have a point, but that doesn't mean you'll stop on that phase and just not do anything. There are a lot of businessmen and entrepreneurs starting at the bottom, meaning they don't have wealth, but because of their determination and hard work, they are able to achieve their dreams. We should not stick our heads into this, let's make an opportunity even if this is very difficult compared to those rich people.

[panganib999]

Because of debt, and how each of these people see it. Rich people sees and uses debt as an asset. They use it to invest more, to expand their businesses, to accumulate more assets and become richer through profits, since they are doing this for investments, they can easily set the collateral as the assets themselves if shit hits the fan, and so debt is paid, and the rich gets richer. on the other hand, poor people sees debt as a way to buy more liabilities. How many times have you seen regular people taking out car loans, house loans, loans to get the newest smartphone, to travel to different places, and all luxurious stuff they wouldn't be able to normally get without debt? The fact that they do this, and then pay the debt off with their salary instead of investing it and reaping the profits off is what makes the poor poorer in my opinion. This is the most concise breakdown of money management really.

[Mpamaegbu]

I always wondering why?

It's so because the rich will always have available resources to indulge in whatever business or venture that brings further profit. They utilize any given opportunity they get to make more money while the poor is often held back by fear and lack bedeviling them.

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

No one was born rich. Though they can be born into wealthy or rich families, they aren't rich themselves. All men are born bearing nothing into this world.

I'm not saying I'm already rich but I can say that I'm better than before.

I've continually maintained that the only difference between a poor person and a rich person is the decision they make or take. Opportunities are presented to both but how they choose to react to these opportunities will be up to them and where the opportunities eventually lead them. For instance, there were so many people I talked to about Bitcoin but just a very minute few took that decision of investing in it. Of course, they're better off with that decision today than if they didn't follow it up.

[Huppercase]

Poor and rich are things that will never end, life needs poor and rich because without poor and rich this life will not be able to run normally, if in a country all people are rich then they will not be able to eat wheat, eat bread, clean the house and so on , because those who want to do menial work like that are poor people

That makes no sense in a system where the poor make up 70% of the population and the rich make up 30%. There should be economic balance so that one group of people does not outnumber others. If the economy has a greater number of rich people, it will be very easy to lift the poor people out of poverty, not by completely removing them from poverty, but by enabling them to have a standard of living without suffering, they can do their farming and agriculture with ease and support the economy as well, just like farming has been mechanised, the government can do that for them and they can adapt quickly, that is how poverty is eradicated from the country.

[ScamViruS]

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.

Rich people have a lot of money and they use that money to increase their influence and increase their wealth. Many of them are self-made rich, but there are some rich people who become rich through family and their influence is greater. And poor people work hard to make a living, so they don't have time to look elsewhere. This disparity between the rich and the poor will exist because the rich will always be ahead with their money and experience.

[lixer]

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?

Because rich is in a good position already and what they just have to do is continue what they're doing and that is to increase their assets. They can invest large amount and let it sleep for long period to be a huge gainer but still financially stable to provide for their daily needs.

While poor is struggling to survive and even they want to invest some of their money, their position is hindering them to do so because they have to attend for the needs first and usually the income is not sufficient resulting to debt in order to survive. The reason why if you're not wise and hardworking, you don't have a chance to change what you used to. It's not impossible to become rich but that depends on your skills and strategy to achieve that goal.

I also heard a saying that in order to make money you also need a money and the more money you put in, the more the money that you can pull out. Rich people already have that but the poor? No not really and like you said if ever they have something, they need to prioritize the important one first and that is to buy food and pay the bills. They can't just afford to risk this on something that is still not guaranteed because if they can lose it, it will be a double problem for them.

Also, investments does not make you rich over night but it takes a lot of time. Now if you are poor, you are always in need of money and there is a big chance that you will pull out your investments before it bears you profits.

[Oasisman]

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?

Depends, but in most cases, this is what's happening in our society. The rich have all the opportunity to try and become even richer because they have all the resources to start a business in the first place. While, the poor gets poorer with every wrong decisions made and failed business attempt.
Most of the poor people remains poor because they are all afraid of the risk associated in putting up a business.
So, that narrative is pretty common and true.

[Stable090]

If you think you are poor and you have this mindset, then you will continue to be poor, but if you are poor and you are really working hard to be rich, then you will make it in life, some of the Rich people you are seeing today are not born with silver spoons, some of them are from poor backgrounds, but the work hard with dedication and they made it in life, I don’t really believe the rich will continue to be rich, why the poor will continue to be poor. All it’s just about determination and hard working.

[Accardo]

Snip

In addition, the poor make mistakes of neglecting the rich people around them, instead of getting close to them and understanding the law guiding their riches. Wealth comes in different dimensions and many people think becoming rich just happen out of investing money into a specific business. Other things like law of attraction helped lots of rich men to get where they are today. Offering to serve the rich is also a method of becoming rich, because someday they'll pass down useful information to the next person. They're people who inherited wealth and ended up wasting the money on things that doesn't matter. So, making money is one thing, controlling money is another hassle, which is not thought in school like you stated. Those who can control money; spend wisely, get rich quicker. Regardless of how much profits they make per month. Just like in rich dad poor dad, most people think they need a pay raise to get rich, yet when their salary is increased they'll see that nothing changed, they're still struggling. Understanding the law of wealth is important, which giving plays a vital role.

Though there are some people got their money in a wrong way and this is commonly with the Africans by which they often get indulge in rituals to make wealth, such wealth doesn't last and just as my Bible made us to understand that in book of proverb 13:11 Read from KJV.
And I quote "Wealth gotten by vanity shall be diminished: but he that gathereth by labour shall increase."

Indeed wealth is meant to come through sweat not blood, people are advised to work and think of a better means of doubling their income other than indulging on things that won't last for the next generation to continue building. Generational wealth has proven to be the best kind of wealth. Inheritance made a good amount of rich people today. So, anything that can't be passed down to our offsprings doesn't worth the stress. Look at the Rothschild family, they circulated their wealth amongst themselves and maintained it to stay for longer period. That's the power of inheritance. Therefore, those that didn't inherit anything should begin the journey afresh as it's not late to start, before the end of their third generation the family would have something to pass down to their offsprings.

[odunybiz]

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?

This is a normal quote but this doesn't work that way always. This can even be seen in the crypto space.

✅✅A rich man takes the risk and buy the dip with good money, the deep he bought becomes deeper,  he never mind because he is rich and have bought with his excess money.. After some days the token got pumped and he make more than 10× of what he invested.

✅✅A poor man takes the risk and buy the dip with his hard earn money, the deep he bought becomes deeper. He became scared of losing his money. Out of being scared, he sold the token in the deep.

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?

Not all rich people inherit wealth from their parents, some become rich after alot of struggles

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.

Alot of people started just like you. They live from nothing to something. This just required patient, focus,  hardworking.

CONCLUSION: The rich get richer because they have good cash to invest in any opportunity. They take risk without being scared and always act fast when they see opportunities. Check the below write up out for more details rich and poor people mindset that his really behind rich man become more richer.
https://bitcointalk.org/index.php?topic=5411835.msg60857405#msg60857405

[DevilSlayer]

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?

The rich are getting richer while the poor are getting poorer because the rich have access to many facilities and resources, it is easy to invest because they already have the money to do it and also it is easy to invest because they have access to many things and so on, while the poor will always be poor because they are increasingly it is difficult to improve life, the rich have to help the poor so that there is a balance but unfortunately it is not easy to do because between the rich and the poor there is always suspicion.

It is not about the facilities and resources. This is the harsh reality of the world, "the rich get richer and the poor get pooret because of what they think about". One of the greatest laws of the Universe is that we become what we think about, those rich became rich because they accept abundance in this world and they think that they will be rich soon enough. Poor people have poor mindset wherein they keep accepting negativity in their surrounding, they keep thinking to their problems so they keep attracting problems.

If we start thinking positive, we can attract positive life. The prosperity in this world are so great, if start acknowledging that there are a lot of opportunities in this world then we can become rich. Facilities and resources are not the factors on getting rich. Having a rich mindset, controlling our thoughts and thinking positive is the way for us to have wealth that we deserve.

Also note that those rich became rich because they have specialized knowledge and organized plan. Try to ask some rich people how they became rich and they will tell you their specialized knowledge and organize plans. Try also to ask some poor people about it then they will tell that they do not have specialized knowledge and plans on how to become rich.

Rich are getting rich because they are giving time and focus to the much needed stuff.
Poor are poor because they are focusing on the wrong thing.
Focusing on the right thing will take proper attention.

That's very accurate. Instead of thinking how they can increase their current income, they thinking how they can impress their friends or their family. There is nothing wrong in impressing someone, what's wrong is what do you do to the money that you have and how do you spend it. I'm gonna clarify that when I talk about rich and poor; what I mean is their mindset and not the current money that they have. The people who have rich mindset are investing the money that they earn in theirselves and in assets that will give them cashflow while the people who have poor mindset are using their moneoy to buy their wants and to impress other people for them to look rich not exactly to be rich. If you focus on good thing, like investing in assets and investing in your knowledge; the probability of becoming a rich is very high and it is like impossible to fail. So in order to be rich, first you should have rich mindset and you can only have it by investing in your knowledge. Once you have knowledge, you will have a basic foundation and understanding why people who has rich mindset are keep getting richer and people who have poor mindset are keep getting poorer.

[Kadal Ijo]

Poor and rich are 2 things that can complement each other, in the life of this world there are always 2 things, good and bad, day and night, poor and rich and so on, when all people are poor, of course no one can provide capital for work or business, but when everyone is rich then no one wants to work hard like laborers, machine operators and so on, in life we have to be grateful so that whatever happens to us becomes a pleasant thing.

[RealMalatesta]

the quotes you make have indeed been heard many times among the people, but what is happening now is not all like these quotes because nowadays many rich people fall into poverty and vice versa, so everything has been arranged by the creator we can only live and continue to strive so that in the future it will be better than today, Everyone has their own privileges even though we are poor but there is something that the rich do not have, so keep the spirit of never despair, hopefully we will all become people who can always benefit others.

I do not know what the poor has over the rich that rich do not have, but I rather be rich than poor and I am not rich right now, it would be sinister to say that I am poor, considering everyone else in my city I would consider myself as middle income person, not rich but at least I have food in my belly and have a house and clothes, which I know doesn't seem like a big deal and basic human needs but poor in my city can't even afford most of that.

In the end, I rather be rich and not have whatever you claim rich people don't have, instead of being poor and have whatever that was. In the end rich people can do whatever they want, and that will feel a lot better for them.

[traderethereum]

Rich people already have wealth the day they are born because their parents did and they can pass it on to their children.
Likewise, the poor pass their poverty on to their children but that does not apply if their children want to try to change and work hard to get rich.
Meanwhile, if the children of the rich cannot manage their wealth, they will lose their wealth and cannot get it back.
Everyone has the right to get what they want but they have to try hard to achieve it and not everyone can get what they want.