Poor and Rich

[aseev]

Its not always the rich who get the opportunity - sometime poor people are blessed too and are lucky to be rich in a moment - we have seen so many examples in our lives.

There is a 1996 book by Thomas J. Stanley and William D. Danko called The Millionaire Next Door: The Surprising Secrets of America's Wealthy. The authors surveyed over 700 millionaires and found out that 80% are first-generation rich and self-made. Less than 20% of them inherited significant money which is 10% or more of their wealth.

[1714861317]

1714861317

[1714861317]

1714861317

[1714861317]

1714861317

[1714861317]

1714861317

[1714861317]

1714861317

[1714861317]

1714861317

[odunybiz]

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.

The poor are highly neglected because they don't have anything to offer.

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.

Most time the rich has no idea but get idea from the poor, they analyse it and invest in it. Not all rich people can think of good idea to invest in. Most of the ideas that succeed their company comes from the poor.

[stadus]

You've listed one of the very reasons why the rich get rich and the poor get poorer, but there are other factors that play into this problem. Some of them include:

• Lack of Opportunities: You can't become rich without working a day in your life, but what if the opportunity doesn't come around? Lack of opportunities to find employment are a good reason why people become even poorer as time goes by.
• No Financial Literacy: I've seen people become rich and then blow all their money away belligerently, only to end up with nothign and be dead broke right after. Proper management of funds, as well as budgeting, investing, and saving of money is important in order to keep your wealth

These are the most common reason why poor people remain poor. Though they want to improve their status, unfortunately, with lack of education makes them incapable to do it and rejected from the opportunities around them. Proper education must be their priority, though it was a big challenge for them to send their kids to school due to financial capabilities but they should for the sake of achieving their goal and to give brighter future for their kids. Otherwise, nothing will change and they will remain who they are today. [/list]

[FairUser]

According to what I have learned, material possessions are only seen as tools to develop yourself and live a meaningful life.
Many people mistakenly think that they were born to earn a lot of money and have a reputation as a success, they are not wrong and it is just that we like to be like them without trying to be like them. They get the life they want, and outsiders analyze those things and find the formula for success.
I see that being rich and poor is not a special issue in life, because in my opinion, the root of our nature when we are born, the awareness part to adapt, I don't have much money but I am still comfortable with what's around. I have good health, I have positive thoughts, and I also hope everyone will have these things in their lives today.

[mulia sabee]

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.

what we all know today is that economic conditions that are increasingly difficult and unpredictable certainly make many people poor, but this is the law of life when many people are poor but get a lot of increased wealth from any circumstances, this is important evidence for us that positive thoughts always produce something. the good, while the poor often blame whatever happens.

[xSkylarx]

You've listed one of the very reasons why the rich get rich and the poor get poorer, but there are other factors that play into this problem. Some of them include:

• Lack of Opportunities: You can't become rich without working a day in your life, but what if the opportunity doesn't come around? Lack of opportunities to find employment are a good reason why people become even poorer as time goes by.
• No Financial Literacy: I've seen people become rich and then blow all their money away belligerently, only to end up with nothign and be dead broke right after. Proper management of funds, as well as budgeting, investing, and saving of money is important in order to keep your wealth

These are the most common reason why poor people remain poor. Though they want to improve their status, unfortunately, with lack of education makes them incapable to do it and rejected from the opportunities around them. Proper education must be their priority, though it was a big challenge for them to send their kids to school due to financial capabilities but they should for the sake of achieving their goal and to give brighter future for their kids. Otherwise, nothing will change and they will remain who they are today. [/list]

Even buying their own food they are having difficulty how much more going to school because kids are not forced to help their parents to earn money so that they have food to eat. The problem right now is that they are getting pregnant even if their life is miserable that is why they get hard time more in life. Lets just say they get into education but the problem in the long run is that they cant sustain like they cant go to school due to there are no food.

[Inwestour]

These are the most common reason why poor people remain poor. Though they want to improve their status, unfortunately, with lack of education makes them incapable to do it and rejected from the opportunities around them. Proper education must be their priority, though it was a big challenge for them to send their kids to school due to financial capabilities but they should for the sake of achieving their goal and to give brighter future for their kids. Otherwise, nothing will change and they will remain who they are today. [/list]

And how to get a good education if the family lives somewhere in the slums? This situation practically deprives the chances of a good education, many children do not even go to school, this situation deprives them of the chances for a good future. how to get out of this situation? In the end, they have to live by the laws of the street, they fall into criminalgangs in order to survive.

[Lorence.xD]

You've listed one of the very reasons why the rich get rich and the poor get poorer, but there are other factors that play into this problem. Some of them include:

• Lack of Opportunities: You can't become rich without working a day in your life, but what if the opportunity doesn't come around? Lack of opportunities to find employment are a good reason why people become even poorer as time goes by.
• No Financial Literacy: I've seen people become rich and then blow all their money away belligerently, only to end up with nothign and be dead broke right after. Proper management of funds, as well as budgeting, investing, and saving of money is important in order to keep your wealth

These are the most common reason why poor people remain poor. Though they want to improve their status, unfortunately, with lack of education makes them incapable to do it and rejected from the opportunities around them. Proper education must be their priority, though it was a big challenge for them to send their kids to school due to financial capabilities but they should for the sake of achieving their goal and to give brighter future for their kids. Otherwise, nothing will change and they will remain who they are today. [/list]

This is true, from my country due to poverty many children doesn't afford to have a proper education which results them in the future to remain poor since they have no idea how to have a money source. Some of them uses illegal wrong doings just in order to have a meal and money. But it doesn't mean that not attending to a school can makes you remain poor, there's a lot of millionaire that doesn't finished college or having a degree. Some of them are business minded, good at trading and inventing. Which I conclude that having an education can guarantee to make them rich but also the hard work and effort they give in order to change their life. 

Proper education must be their priority, though it was a big challenge for them to send their kids to school due to financial capabilities but they should for the sake of achieving their goal and to give brighter future for their kids. Otherwise, nothing will change and they will remain who they are today. [/list]

I've also observe that many poor people doesn't have a family planning which makes them more poorer. They always do have a child even though they can't fully support it to have a proper education and also health. Having knowledge is a good thing for them to have as they grow up, because they can succeed in life with those information in the future if only they have education. Its the parents fault since they know they can't afford to support a child since they are financially unstable then they always do have a child. But I think the parents also don't have a proper education in family planning which results to affect their children.

[Swordsoffreedom]

According to what I have learned, material possessions are only seen as tools to develop yourself and live a meaningful life.
Many people mistakenly think that they were born to earn a lot of money and have a reputation as a success, they are not wrong and it is just that we like to be like them without trying to be like them. They get the life they want, and outsiders analyze those things and find the formula for success.
I see that being rich and poor is not a special issue in life, because in my opinion, the root of our nature when we are born, the awareness part to adapt, I don't have much money but I am still comfortable with what's around. I have good health, I have positive thoughts, and I also hope everyone will have these things in their lives today.

What you say is not wrong, but it is only true for society in the past, but now, I think it is no longer true.
You cannot live comfortably without money these days. For example, if you have a family when your children want delicious food and toys like their friends and you cannot provide them, your child will be upset, and you cannot feel comfortable when your child is in need. You don't have money, you can't buy good quality food, so you can't guarantee the whole family's health, not just you. As you said, we need to adapt, and life has changed now, money comes first, and we need to change to adapt quickly if we don't want to be left behind.

[rahmad2nd]

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?

Social inequality is a condition where there is a very large difference between the rich and the poor in terms of income, assets and opportunities. that is, people who have a lot of money and possessions get richer, while people who do not have enough get poorer. why, there are many influencing factors, such as unfair government policies, educational disparities, and the influence of globalization which sometimes makes more and more rich people here but also exacerbates poverty in other regions, or other countries.

But the most fundamental is, educational disparities can be the main cause. why, yes the human resources themselves.  most poor people have limited human resources, many of them are trapped in ignorance, indifference, which results in their life not increasing. it could also be from limited opportunities, maybe constrained because of a lack of relationships. plus, do not have the capital to do business or self-employment. conversely, rich people have strong relationships, adequate capital, as well as supportive education. in fact, we can review it from various points of view.

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.

Well, not all poor people have the mind to save or try to invest. in fact, to meet their daily needs they have to do additional work. even so, at least to change life for the better and get out of the poverty trap. one must at least make a breakthrough in his life, however, all of that requires struggle and hard work.

[Fivestar4everMVP]

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 keep getting richer, while the poor keep getting poorer" is a saying that have come a long way, for me, i believe this saying emanated in the olden days, it was and still is a way to explain how bad an economy of a country is, where opportunities are only open to those who are already rich, while the same opportunity is not made available to the poor.
This simply means that, the rich man can easily win contracts that will make him or her richer, while the poor man will hardly find any contract to execute, and as a result, he or she keeps getting poorer, all of this things are still very present in our society today, its very unfortunate though.

[kryptocanon]

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.

What you want to know here is quite simple. The rich will always get richer because they are at the top floating now, and they are floating because they do mingle with top richer people with whom they share ideas. So one way or the other, they will help each other with contracts and investments that would bring big bags in profits. While the poor will get poorer because their household is poor and getting to the top side seems a way difficult, as they have virtually no connections.

[Iadegbola34]

Look at this scenario, A very rich man invest $100k in an asset and you invest $100 in the same asset. Say the ROI is 10%, at the end of the investment, the rich man would have made 10,000$ in profit while you will have made just $10. $10,000 dollar is a whole lot of money to make on a single investment but to you $10 is still a very fragile amount. Hence, the rich keep getting richer and poor keep getting poorer because the poor have large liquidity to play around with while your 100$ can go to grocery bills next time.

[Raceonsucced]

I think rich people also must have felt poverty before. And not all poor people will continue to be poor.

But there must be hidden reasons for the quote you shared. For example, the reason the rich get richer, the poor get poorer is

1. Rich people always have big dreams. They never give up and live it by working hard. Poor people only talk a lot, they can only comment what they want and do nothing.

2. Rich people always think about winning, while poor people are always afraid of losing.
Rich people tend to rack their brains to win something in competition. While the poor, they think to protect what they have. They don't want to make big sacrifices, for things that can change their destiny.

The point is, rich people can always take any risk. But poor people always think twice, they are afraid of losing and don't want to make sacrifices.

[naikturun]

I think when you are an adult you already know that their wealth is inherited and will continue, that's why there are titles like getting richer because they have been born rich and taught how to manage it.
different from people who are not born rich, their path will be longer to achieve it all.

[CODE200]

Look at this scenario, A very rich man invest $100k in an asset and you invest $100 in the same asset. Say the ROI is 10%, at the end of the investment, the rich man would have made 10,000$ in profit while you will have made just $10. $10,000 dollar is a whole lot of money to make on a single investment but to you $10 is still a very fragile amount. Hence, the rich keep getting richer and poor keep getting poorer because the poor have large liquidity to play around with while your 100$ can go to grocery bills next time.

Good example its just show that since rich have the ability and means to invest more, it will reflect higher in as a profit compare to average people who invest in a low amount. At some point i disagree in a part where the poor keep getting poorer. it will only happen if the person will not make any action to change his life. Yes some rich people are because their ancestor are rich but remember that other percent of rich people are come from average and poor family, they just do lots of hustle and put the dedication ln what they are doing to achieve where they are right now.

[Wong Gendheng]

Everyone hopes to be rich and does not want to be poor, this is because we can get all the pleasures of this world, but if it turns out we are still poor then don't ever regret it, there is always an opportunity to be rich because the opportunity can be open at any time, as long as there is a mind To be rich then one this time we will become rich.

[molsewid]

Everyone hopes to be rich and does not want to be poor, this is because we can get all the pleasures of this world, but if it turns out we are still poor then don't ever regret it, there is always an opportunity to be rich because the opportunity can be open at any time, as long as there is a mind To be rich then one this time we will become rich.

Well it is still depends on the situation, there are some people who are not yet rich even they are working hard some of them working with 2 to 3 jobs but still poor and only have some money enough to sustain their everyday needs. There's always an opportunity for everyone but sometimes the world is not yet good to them, maybe now they can't be rich for now but I know with the amount of hardwork and perseverance they will become rich soon. I'm talk talking to someone I knew personally actually.

[Desmong]

Look at this scenario, A very rich man invest $100k in an asset and you invest $100 in the same asset. Say the ROI is 10%, at the end of the investment, the rich man would have made 10,000$ in profit while you will have made just $10. $10,000 dollar is a whole lot of money to make on a single investment but to you $10 is still a very fragile amount. Hence, the rich keep getting richer and poor keep getting poorer because the poor have large liquidity to play around with while your 100$ can go to grocery bills next time.

There is a large gap between the poor man and the rich man and we need to know what we are doing or we might end up becoming a loser. The average men are the one struggling to leave there current level to get to another level that money will not be the major problem. We need to keep working so that we are going to make more money.

[STT]

This whole scenario easily being correct is why I know someone who has phd maths but also believes capitalism is the purest form of evil in the world.      It really is true that a rich person in effect pays less, as a percentage very little is a challenge comparatively.  They even pay less taxes quite often and it is part of a correct governance in a country to try and counter this disadvantage that being born with nothing can have.
  However I dont think that is the entire argument, some rich people end up worse off in an ironic way like a person who has never used their muscles to do anything they can end up weak and helpless possibly and somehow despite everything worse off then a person who has been challenged their whole life and never spent a day not learning and gaining skills in some way.  Of course its possible to have both and the best of both worlds but not often imo.

Its a good nation that supports their people as all being equally capable rich or poor.  To allow them to be educated and innovate and enhance their nation with skill and hard work.  To just have stored wealth to spend is not the entire picture, as a nation certainly it would bring poverty through the inability to self sustain.  Its hard to state exactly but wealth is more then just storing value, its the opportunity to create and produce I think.