Why do people stay poor?

[DrBeer]

The reason is banal - a primitive lack of financial literacy, and the desire to "live and consume - here and now." The problem is that people do not quite understand what money is and how to manage it!
Try to give the classic poor man, for example, 10,000 dollars. For example, take 1000 such people. Do you know what 75-90% of them will do? I answer - the first thing they will buy is an iPhone! Then something too expensive "status" but useless for his life. Because he does not even understand what the liquidity of such goods is. And only a few - they use money more or less correctly - for health, for education, for something that will give results TOMORROW and will not "increase their ego"

It's like watching a sitcom featuring Mr. Poor man and his fling with the hot-off-the-press iPhone. It's like they've got a secret club, and the ticket in is splurging on the latest gizmo. Don't panic, though! We can burst this bubble of shoddy money moves and pave a road to riches. Time to school Mr. Poor man in the magic of financial savvy and smart dough handling.

Picture this: a place where folks, instead of blowing cash on iPhones, fuel their minds and skills. They harness the beast of learning and personal growth, carving out a future as bright as a supernova. But wait, there's more! Let's add a dash of health smarts into the mix. Picture if Mr. Poor man pumped bucks into his own wellness, eyeing the long game instead of fleeting ego highs. He'd be flexing his wallet and his biceps, all at once!

The problem is that this is reality. Poverty is not only a lack of knowledge, an understanding of the meaning of money. It's also a mentality. Moreover, far from self-awareness of reality, and far from making uncomfortable decisions. For example - to take to invest money and get an education, having completed training for example 2-3 years. No, this is not a solution. The solution for such a mentality is to take money, buy something "brilliant" and create the appearance of a fulfilling life .... A sort of self-deception and cowardice to deal with problems.

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[Lorence.xD]

The reason is banal - a primitive lack of financial literacy, and the desire to "live and consume - here and now." The problem is that people do not quite understand what money is and how to manage it!
Try to give the classic poor man, for example, 10,000 dollars. For example, take 1000 such people. Do you know what 75-90% of them will do? I answer - the first thing they will buy is an iPhone! Then something too expensive "status" but useless for his life. Because he does not even understand what the liquidity of such goods is. And only a few - they use money more or less correctly - for health, for education, for something that will give results TOMORROW and will not "increase their ego"

It's like watching a sitcom featuring Mr. Poor man and his fling with the hot-off-the-press iPhone. It's like they've got a secret club, and the ticket in is splurging on the latest gizmo. Don't panic, though! We can burst this bubble of shoddy money moves and pave a road to riches. Time to school Mr. Poor man in the magic of financial savvy and smart dough handling.

Picture this: a place where folks, instead of blowing cash on iPhones, fuel their minds and skills. They harness the beast of learning and personal growth, carving out a future as bright as a supernova. But wait, there's more! Let's add a dash of health smarts into the mix. Picture if Mr. Poor man pumped bucks into his own wellness, eyeing the long game instead of fleeting ego highs. He'd be flexing his wallet and his biceps, all at once!

The problem is that this is reality. Poverty is not only a lack of knowledge, an understanding of the meaning of money. It's also a mentality. Moreover, far from self-awareness of reality, and far from making uncomfortable decisions. For example - to take to invest money and get an education, having completed training for example 2-3 years. No, this is not a solution. The solution for such a mentality is to take money, buy something "brilliant" and create the appearance of a fulfilling life .... A sort of self-deception and cowardice to deal with problems.

Yeah that's actually relatable, if you put some goals in your life then it will motivate you to find some way for money, like you want to buy some good car which cost a lot then it will be your goal so you will find ways for you to earn like learning to invest, trading , selling online and etc. If you have some goal like your mindset are fixed to what you are now unlike to the motivations of having a goal will help you to find a way to success. If you're done with your goal then find another goal just like that we're just a simple human living we are always finding a purpose for us to live.

[indo1]

A person's wealth is measured by something different from their efforts. it could be that those who are failing at this time are those who are in a hurry to achieve wealth, so they forget that rich people sometimes have a process, not even a little, they have to sacrifice to achieve that. what I see now is that they start investing from online mentors who show off their wealth even though the reality of investing is not that sweet, then the mentor offers coins that are already affiliated with him and will leave his investors with the profits he brings.

[Lida93]

I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.

If everyone in the whole world gets rich I wonder who's going to fix the car as a mechanic, or who's going to get work as a refuse worker, official driver, gardener, barman etc... Like can you really imagine a picturesque of how life would be should everyone be rich.

On the other hand it's no desire of anyone that they should be poor, and for some that are poor it's not due to the idea that they didn't work hard in life to escape poverty, some didn't just got the opportunities to be rich as their counterparts did. Life is all about opportunities me got it and didn't make use of it while others never had it despite how much of an effort they exerted into their hustle.
Wether rich or poor always choose to be happy cause being alive alone is wealth in itself.

[stomachgrowls]

The reason is banal - a primitive lack of financial literacy, and the desire to "live and consume - here and now." The problem is that people do not quite understand what money is and how to manage it!
Try to give the classic poor man, for example, 10,000 dollars. For example, take 1000 such people. Do you know what 75-90% of them will do? I answer - the first thing they will buy is an iPhone! Then something too expensive "status" but useless for his life. Because he does not even understand what the liquidity of such goods is. And only a few - they use money more or less correctly - for health, for education, for something that will give results TOMORROW and will not "increase their ego"

It's like watching a sitcom featuring Mr. Poor man and his fling with the hot-off-the-press iPhone. It's like they've got a secret club, and the ticket in is splurging on the latest gizmo. Don't panic, though! We can burst this bubble of shoddy money moves and pave a road to riches. Time to school Mr. Poor man in the magic of financial savvy and smart dough handling.

Picture this: a place where folks, instead of blowing cash on iPhones, fuel their minds and skills. They harness the beast of learning and personal growth, carving out a future as bright as a supernova. But wait, there's more! Let's add a dash of health smarts into the mix. Picture if Mr. Poor man pumped bucks into his own wellness, eyeing the long game instead of fleeting ego highs. He'd be flexing his wallet and his biceps, all at once!

The problem is that this is reality. Poverty is not only a lack of knowledge, an understanding of the meaning of money. It's also a mentality. Moreover, far from self-awareness of reality, and far from making uncomfortable decisions. For example - to take to invest money and get an education, having completed training for example 2-3 years. No, this is not a solution. The solution for such a mentality is to take money, buy something "brilliant" and create the appearance of a fulfilling life .... A sort of self-deception and cowardice to deal with problems.

Yeah that's actually relatable, if you put some goals in your life then it will motivate you to find some way for money, like you want to buy some good car which cost a lot then it will be your goal so you will find ways for you to earn like learning to invest, trading , selling online and etc. If you have some goal like your mindset are fixed to what you are now unlike to the motivations of having a goal will help you to find a way to success. If you're done with your goal then find another goal just like that we're just a simple human living we are always finding a purpose for us to live.

A must thing to be having on which it would really be recommended on having a target goal or having that kind of something that you should need to achieve so that there's something that would really motivate you
out on pursuing it and do all sorts of things which you must need to be done. People do stay poor just because they are really that simply that being contented on what they do have currently now
despite of having that poor condition but still they were really just fine with that.

Whereas, there are people who cant really just accept nor really that having plans on making their lives more better which is something that depends on someones preference or really that their goal because
we do mainly think that it is really that hard to be poor or into a condition on which you are really that actively been chasing up on making yourself getting feed up on day to day manner.
It is a condition which you would really be thinking that you should be needing to move for the better. Not all would really be ending with this kind of mindset on which
they would really be just lying around and do nothing or simply they are really that contented on what they do have but for those who do pursue on other things to make their lives way more
better are the ones who do see those progress which it would really be making out some difference.

[Mate2237]

I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.

There is nothing to confuse here. You should also ask your class teacher and other close friends to know more. There are two ways one can become poor. The first is primary source which the second one is the secondary source and the second one is not yet approved. The first one is, poverty is from the devil, because when God creates the world, he gave man all riches, glory and wealth but devil came in and spoiled everything for man. Then the second one is sin. It is your sins that make you to be poor. These are the two things making man to be poor.

[Kelward]

I don't think that the vast majority of poor people would refuse to be rich, or at least to become less poor. Certainly many people don't mind being considered rich financially, if they don't lack anything vital and are happy with the life they already have.

This question is a bit complex because:

-being rich does not mean being FIAT rich. Having good health, access to water, food, and having loved ones such as family and friends is already a form of real wealth.
-poor people by definition do not have the means to invest (real estate, stocks, cryptos etc..). And how to become rich without investment?

Each people, each culture has a different and subjective notion of wealth. Each people and each culture has a different consideration of the threshold at which they qualify as poor / rich. The ways to get out of poverty are not the same depending on where you live, there are places where your economic environment allows it, and others where it is more complex.

I think that people's perception of being rich or poor depends on some factors, this includes


1: our environment, this determines how rich that we think we are, because a person in a rural area
who has a small investment, probably owns his home and drives one car, in the area that is dominated by poor people , the community will see him as rich. While the same person person that is considered rich, will be seen as very poor, if he relocates to an urban area, where there are far richer people. So as long as he's in that environment, he doesn't see himself as being poor.

2: personal believe, some people might not believe in acquiring wealth to mean being rich. They might preach contentment, so if you are healthy and can feed your self, then you're considered rich. Although people might consider them p

3: Religious believes, some religions talk about earthly possessions as vanity, therefore focuses on spiritual riches instead of physical riches. So they might feel contentment in poverty and focus on eternal riches. So they feel rich because of their believe, even if they are counted poor in the society. So to these set of people they remain poor in our sight, but don't feel poor.

[serjent05]

Staying poor or being poor is never a choice, is just circumstances that one finds him or herself that's the major cause. If you check the poor operate in scarcity mode, the poor can't give more because they don't have much so their thinking is just how they'd manage the little they have.
Sometimes no pushing forward to make a difference causes it too and the poor like waiting for that one time opportunity that would change their lives.

So are you implying that when a person is born into a poor family, he will stay poor forever?  I disagree with that belief.  It is true that we don't have any option about what kind of family we have when we were born but it is unacceptable to think that a person will stay poor forever because he has no other option but to stay poor.  

If we look around, there are many self-made millionaire people that started from the poor family.  I agree that circumstance is one factor but it is not the factro alone, and most of the reason is the actions made by the person in his life that can determine if he will stay poor or will become rich.

[Dr.Bitcoin_Strange]

I think, lacked of education is part of some of the reason people stay poor in the society because when you are not educated, it will create low confidence that will make you not to search for opportunity or go to places that will change your life for good.

Education is one of them, though, and low self-esteem is also another big problem that doesn't allow some people to really do well in life. It's not as if they don't have any plans at all; they do, but they have the problem of how to carry them out due to low self-esteem. They can't face their fear; they can't strive for anything; they just always want the opportunity to knock on their door. Education can help one gain a lot of knowledge in different dimensions that can help the person be open to some opportunities, but education at times doesn't really kill the low self-esteem of some people; they always have it until they graduate from the university. I have this friend of mine in school who is always scared of going to the lecturer's office to have any discussion with them. Even in class, he doesn't answer questions despite knowing the answers, but his low self-esteem doesn't allow him to relate very well with people, and that's another challenge that has made some people remain at the level they are in life.

[Texac]

I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.

A man is poor only when he spends beyond his income. When a person spends more than his income then he will suffer and later on he will take loans to run his life and at some point he will not be able to pay off the loan and he will become totally helpless. His mind will not settle for work. If a man continues like this, he will become poor. When a person can avoid these problems then that person will not be poor. He will live a good life.

Well I see this as an act of carelessness and irresponsible behavior. Not being contented is a big problem in the society and this has led to the atrocities in our society today.

Spending more than your income has put so many people in a very big mess as they hover about taking loans and  are chronic debtors.

This happens as a  result of poor planning and budgeting. Lack of self discipline and self control are the night mares of this sets of people and when it is time for loan repayment, they are under pressure and   go about taking loan from another source to pay the other.  I have witnessed this situation before so I know what I am saying. It is very embarrassing to be caught with someone owing heavily.

I have a cousin who is also in the same situation and this can be said to be completely their fault.  they have almost no plans or responsibilities for their lives.  they only know how to spend money when they have money in hand, whether they make it themselves or borrow it.  Currently with that loose lifestyle, both he and his wife are heavily in debt and are almost shunned by relatives because of their bad lifestyle. no one wants to continue lending them money, and they are living worse lives than ever.

[DrBeer]

Lack of access to education: Limited access to quality education can impede individuals from acquiring the necessary skills and knowledge to secure better employment opportunities. Education plays a crucial role in breaking the cycle of poverty by providing individuals with the tools to improve their circumstances.
Limited economic opportunities: Some regions or communities may lack viable economic opportunities, such as industries, businesses, or job markets. Limited access to employment options and entrepreneurial resources can make it difficult for individuals to improve their financial situation.

Yes, education, even basic, allows you to relate to life differently, you can’t argue here!
regarding depressive regions - also a reality from which there is no escape. But even there there is a way out - a change of residence. This solution has 2 problems:
1. Difficulty with the formation of a financial pillow for moving, settling in a new place and life before a job is found
2. Fear or self-doubt, and the possibility of finding a job.

But here you have to choose - guaranteed to live badly, or take a chance and try to change the situation.
The point is that it is foolish to expect changes in life without doing anything about it. Believing in "manna from heaven" is a bad idea

[retreat]

I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.

Most people think that many people are poor because they don't work hard, but in fact there is such a thing as structural poverty where people need to study this to find out why there are still many poor people and the government doesn't seem to be doing anything about it. Structural poverty is much more complex than it seems, it is a situation where a person does not get a job and the opportunity to earn more. This problem causes other problems where this makes poverty will still exist and it is very difficult to get out of this circle.

[slashz9]

If someone wanted to get rich then they need to create their own opportunity, and talking about poor they do wanted to get rich but for many reasons they can't no matter how much they make. Main reason why everyone can't become rich is simply they don't know anything about how money works even though they use it everyday, they spent money but not give importance to savings then how they can invest and make returns?

However, it's important to acknowledge that factors beyond an individual's control can influence their ability to accumulate wealth. Societal and systemic factors, such as income inequality, access to education and resources, and discriminatory practices, can impact opportunities for wealth creation.
While knowledge about money and financial literacy is crucial, addressing systemic inequalities and promoting inclusive economic policies are also essential for enabling a broader population to have access to opportunities for wealth creation.

[MarjorieZimmermanGinger]

Lack of access to education: Limited access to quality education can impede individuals from acquiring the necessary skills and knowledge to secure better employment opportunities. Education plays a crucial role in breaking the cycle of poverty by providing individuals with the tools to improve their circumstances.
Limited economic opportunities: Some regions or communities may lack viable economic opportunities, such as industries, businesses, or job markets. Limited access to employment options and entrepreneurial resources can make it difficult for individuals to improve their financial situation.

I do not fully agree with this argument, if you realize that many people with quality education do not necessarily get decent jobs. I want to set an example from a number of cases that have occurred in my country, even people around me who are graduates of reputable universities, starting from bachelors, masters and doctoral degrees have not gotten any jobs in accordance with their knowledge. I agree that education is important but less relevant when linking education to opportunities to get a job because people who have only graduated from high school in my country are many who become successful entrepreneurs and they start something from small businesses.

The availability of employment has an impact on the community to get a job and even when people are studying higher education, if they do not have the ability to do business, it will be difficult to get a decent job. Especially if the availability of industry or the job market is very limited in our country of residence, so the decision lies on how a person is able to develop himself whether entrepreneurship or building a business.

[CryptSafe]

I think, lacked of education is part of some of the reason people stay poor in the society because when you are not educated, it will create low confidence that will make you not to search for opportunity or go to places that will change your life for good.

Education is one of them, though, and low self-esteem is also another big problem that doesn't allow some people to really do well in life. It's not as if they don't have any plans at all; they do, but they have the problem of how to carry them out due to low self-esteem. They can't face their fear; they can't strive for anything; they just always want the opportunity to knock on their door. Education can help one gain a lot of knowledge in different dimensions that can help the person be open to some opportunities, but education at times doesn't really kill the low self-esteem of some people; they always have it until they graduate from the university. I have this friend of mine in school who is always scared of going to the lecturer's office to have any discussion with them. Even in class, he doesn't answer questions despite knowing the answers, but his low self-esteem doesn't allow him to relate very well with people, and that's another challenge that has made some people remain at the level they are in life.

To some extent, I do not think education is a barrier. Education does not necessarily mean one must go to the classroom to learn and acquire knowledge and get a degree in other to do well in society. Merely asking questions and getting a reply is education in play because you are asking to know what you have no idea and knowledge about and that gives you an edge to getting clues most people have not. Naturally, not all humans are bold enough. Some are shy while some are outspoken and some are being controlled by some.

Life itself is a race with everyone running to their desired destination. Nobody would run a race for anybody irrespective of who you are because I believe everyone has his or her own aim and goal in life. So if one refuses to sit up and face life as it is left for them to decide their destiny.

No Pain, No Glory!!!

[Youngkhngdiddy]

In my own opinion I feel nobody wants to be poor or remain poor, cause they're many opportunities out there to get wealthy it's either they refuse to take those opportunities or they're too lazy to work or are comfortable with the way they're.
There's no excuse for being poor, cause like I said, they're many opportunities but taking them is the thing, laziness is one of the key factors to poverty.

[Mario Yamasaki]

Everyone hopes to leave poverty soon, this is what makes everyone do everything to get rich, even to get rich many people break rules such as by robbing, stealing, corruption and so on, of course this is a mistake, we must believe that poverty is something that cannot be eliminated and what we do is work or do everything to the fullest.

[Wildwest]

Everyone certainly does not want the life they used to always feel deprived both financially and physically, actually our rezki has been arranged by the creator but in trying we have not earned and can make enough money, although sometimes the work we do is the same as other people who are currently financially rich but we cannot feel like him, So in this case there must be an improvement both in experience and other ways so that we can get away from poverty, indeed the more days our lives are getting harder, every opportunity we must be able to use well.

[Kadal Ijo]

I think poverty is a part that will never go away, we need the poor to work washing clothes or cleaning the house, if they are rich people certainly won't want to work cleaning the house, and all the food on the dining table is the result of farmers, fishermen, drivers and many poor people who play a role in providing the necessities of life.

[Vinaa77]

In my own opinion I feel nobody wants to be poor or remain poor, cause they're many opportunities out there to get wealthy it's either they refuse to take those opportunities or they're too lazy to work or are comfortable with the way they're.
There's no excuse for being poor, cause like I said, they're many opportunities but taking them is the thing, laziness is one of the key factors to poverty.

Maybe people are still in a low economy in this era of an increasingly developing world involving them in terms of their lack of knowledge and interest in knowing the times, basically this is what dominates them to develop and make them rich and have many things and targets lifetime to be reached.

To be honest, there are many ways they can generate both in terms of FIAT or Cryptocurrency in the form of virtual currency / say with digital currency, maybe one of which we take from Investment and this is not directed directly to Bitcoin, because Investment can also be done in real form, namely Gold, but we are predominant for Bitcoin digital Investment, but they can't use it because maybe their lack of knowledge about this.