Reason why you will never become rich

[edy_58]

The first reason why you can never be rich is too much  responsibilities, carrying family problems on your head which we all know family problems are always around the corners and can't be totally eliminated. The best help to offer family is to put yourself in a better financial position,  don't struggle to help family,  struggle to put yourself in a better financial position then take away your from dependency. How do you take them away from dependency? If you have a company or business you are running or a connection,  you can connect your family members to your friends let them work for them so that they can earn their own money or you have a business you are running, they can work for you to earn their own money.  As long as their is still dependency they will continue to depend on you and demand from you.

The second reason why you can never become rich is not knowing how to use money. There are several ways money can be use :  spending,  savings,  and investing.  Many of us already know about spending and even when we spend we spend on things that are not really needed but just to impress people who don't care about you.

Buying liabilities,  things that doesn't have value five years from now.  Many save but even when money is saved,  it is done to spend and not to invest and the only way to become rich is to invest and not by savings.  So , invest in assets and not liabilities.

You don't know what's in store for you. Who doesn't want to be rich?  Admit it or not, more or less everyone aspires to be rich. There are many reasons for not being rich. Most of the people in today's age spend hours and hours watching various sports. The reason you can't get rich is because you hang out too much. One of the reasons for not being rich is laziness and lack of proper planning. If someone thinks that I am not studying or I am not able to study so I will leave my studies and do business then the first thing that will come to his mind is what people will say. Yes I agree that investing is the only easy way to get rich. Those who try to do good work to fulfill their dreams in life. They lead life by following their dreams.

What I also see is that I often see people who spend their time on activities that don't produce anything they do really waste their time on temporary pleasures. It is true that investing will indeed be able to benefit, but before making an investment we must first study in what field we have to invest, after that we can plan well so that we don't experience losses in investing.

[Compromise me]

Snip ~

The only difference between rich and poor is thinking. The rich people invest in assets that put money in their pockets and poor people buy liabilities like they will buy motor cycle but they have not enough resource to be able to buy petrol. They buy mobil phone on monthly installments. In comparison, rich people invest in assets like they buy property that  will increase its value. Poor people spend money in things that show they are rich but in reality they are poor. Rich people invest in real assets like they buy running businesses. Poor people save currency and currency value is in control of government. Rich people invest in real money like they invest in gold that retain its value.

I agrees with you, that the most prominent difference is the mindset, both in using money, managing expenses, giving abilities and increasing their life value by shaping themselves better, that is the average of the rich position themselves in all fields To be in a better position economically and his life, and on average the poor do not have a mindset about how he uses money to get more money, they use the money he has only for what he wants and makes prestige as the first order They think rather than adding their income. Poor people usually like things that make him comfortable in the zone that does not make it better, and I feel that what happens to my parents, it makes me understand why my parents are not in the best position in the economic world.

You are right. When I was a kid, I saw my parents financial illiteracy.They invested in things that did not give anything in return. My friend's father who was a small business owner, he built a huge empire through business. He made networks and invest in many assets that gave huge money in return monthly or in the form of equity.My father was a government employee. When he retired from his service , he had no skill and no financial knowledge. He had wasted his all time to serve country and after retirement he struggled. My brothers university fee was greater than my father and pension . Me and my whole family struggled in this phase. In comparison, my friend's father gave his sons and daughters  university fee conviently.

[Joshapat]

I think the most important factor that makes many people fail to become rich is because of the mindset, many people have a monthly salary of less than $ 1000 per month but their lifestyle is more than $ 1000, maybe he is influenced by social media so he wants to show anyone that he is rich, then he is in debt and if trouble will sell cheaply.

[Fivestar4everMVP]

What I also see is that I often see people who spend their time on activities that don't produce anything they do really waste their time on temporary pleasures. It is true that investing will indeed be able to benefit, but before making an investment we must first study in what field we have to invest, after that we can plan well so that we don't experience losses in investing.

It is commonly said that all work and no play makes jack a dull boy , personally, i do not see or consider personal or temporary pleasure as a good enough reason why anybody will not succeed, it all depends on the individual's character and attitude towards his financial life or aspect of his or her life.
While working, its never a crime to from time to time, take some time off to rest and do whatever make you happy aside work, this will not keep you away from succeeding except you are the type that never bother about tomorrow and investing, but rather spend every thing you have now lavishly believing tomorrow will take care of itself, such a person will find it difficult to succeed.

[Wong Gendheng]

The first reason why you can never be rich is too much  responsibilities, carrying family problems on your head which we all know family problems are always around the corners and can't be totally eliminated. The best help to offer family is to put yourself in a better financial position,  don't struggle to help family,  struggle to put yourself in a better financial position then take away your from dependency. How do you take them away from dependency? If you have a company or business you are running or a connection,  you can connect your family members to your friends let them work for them so that they can earn their own money or you have a business you are running, they can work for you to earn their own money.  As long as their is still dependency they will continue to depend on you and demand from you.

The second reason why you can never become rich is not knowing how to use money. There are several ways money can be use :  spending,  savings,  and investing.  Many of us already know about spending and even when we spend we spend on things that are not really needed but just to impress people who don't care about you.

Buying liabilities,  things that doesn't have value five years from now.  Many save but even when money is saved,  it is done to spend and not to invest and the only way to become rich is to invest and not by savings.  So , invest in assets and not liabilities.

You don't know what's in store for you. Who doesn't want to be rich?  Admit it or not, more or less everyone aspires to be rich. There are many reasons for not being rich. Most of the people in today's age spend hours and hours watching various sports. The reason you can't get rich is because you hang out too much. One of the reasons for not being rich is laziness and lack of proper planning. If someone thinks that I am not studying or I am not able to study so I will leave my studies and do business then the first thing that will come to his mind is what people will say. Yes I agree that investing is the only easy way to get rich. Those who try to do good work to fulfill their dreams in life. They lead life by following their dreams.

What I also see is that I often see people who spend their time on activities that don't produce anything they do really waste their time on temporary pleasures. It is true that investing will indeed be able to benefit, but before making an investment we must first study in what field we have to invest, after that we can plan well so that we don't experience losses in investing.

Facts at this time are so, many people waste time and money for things that are not productive, the presence of the internet makes it easy for us to find anything, as long as we want to learn of course we can succeed in the future.

[summonerrk]

My first book I read on the subject of finance was Robert Kiyosaki's book "Rich Dad, Poor Dad". And let it seem very simple now, and the truths spoken in it are obvious. But then this book just shocked me. I learned what assets are and what liabilities are, for example, a car can be both an asset and a liability, it all depends on whether you provide taxi services on it.
But all knowledge does not make sense if there is no deposit in order to make a lot of money out of it. And the problem is that a permanent job does not bring a lot of income, the salary from it barely provides for the family. And it does not work out to put it on deposit. That's why most are poor. They can't even lift their heads above the water, forcing themselves to spend all their energy and time on the family.

The ability to distinguish between assets and liabilities is very important, but not everyone can do it. For example, many people consider real estate an asset, even if it does not bring them any profit, but they believe that one day if they want, they can sell it for more and therefore it is an asset. But it may not rise in price, but rather fall in price, this often happens if the house is not taken care of properly. And the one who creates assets that can make a profit on a monthly basis can become rich, and the more such assets there are, the greater will be the profit.

Right. And the funny thing is that Robert Kiyosaki in the book constantly advises investing assets in real estate, he repeats this phrase many times. As far as I know, the book was published in 1997, and I'm sure many followed the author's advice. And in general, I have also always considered the real estate market to be quite reliable. But only in 2007 there was a mortgage crisis, because of which all real estate in the United States, for example, fell in price by 23 percent. Therefore, those who had previously invested in real estate on Robert's advice became much poorer. He is also a bad adviser, so during the formation of bitcoin, Kiyosaki absolutely did not take this technology seriously.

[Vishnu.Reang]

It's totally depend upon our needs and our interests where we are spending our money. Most of the time people use to spend money on stuff that actually they don't want. Last time what happen to my friend is we were roaming around shopping mall, casually he was checking watches but while going in his hand in carry bag there was an expensive watch which he don't have need in that time. This kind of habit never let you become rich. And yes one more thing people never become rich with one income source.

[bayu7adi]

We will never be rich because every day our responsibilities and cost of living increase but our salaries or earnings remain the same. Unfortunately, in today's conditions it has become quite difficult to save money, let alone being rich. Especially in this order, our salaries or earnings which we can describe as insufficient, unfortunately cannot meet our daily living expenses and responsibilities. This situation causes the quality of life to decrease or  using the previous savings. In addition, due to the fact that many investment instruments have turned into financial traps today unfortunately it has become very difficult to make money by investing. For this reason, I think that we will never be rich and unfortunately our quality of life will decrease a little bit every day.

Do you mean to say that you'll solely rely on your job for income? Haven't you noticed how many successful people have devoted their time and energy to achieve their aspirations?

People nowadays earn money through various means, from online platforms and e-commerce businesses to offering services. There are abundant opportunities to become a high-income earner, well above the average. Once you venture into these avenues, your financial burdens will lighten as you won't be dependent solely on your job's income. Instead, you'll have the potential for higher earnings as you progress to a professional or even master level.

In my view, the most formidable barrier to achieving wealth lies within one's mindset.

[Compromise me]

The only difference between rich and poor is thinking. The rich people invest in assets that put money in their pockets and poor people buy liabilities like they will buy motor cycle but they have not enough resource to be able to buy petrol. They buy mobil phone on monthly installments. In comparison, rich people invest in assets like they buy property that  will increase its value. Poor people spend money in things that show they are rich but in reality they are poor. Rich people invest in real assets like they buy running businesses. Poor people save currency and currency value is in control of government. Rich people invest in real money like they invest in gold that retain its value.

Here I completely agreed with you about this all because right now same things happening around us, and we are not doing anything positive for bringing change even we are going deepen in this all even few societies and countries are going from bad to worse just because of this all they fail to bring better changes in their system and peoples dug out with these things as like if someone can start from small investment, but he is not interested and going to buy luxurious things which are not helpful for him in long run.
Recently I have many peoples around me those are bank-corrupt due to their bad investments and having no proper strategy but once anyone is having rich he is going to have better things in life even his profit is increasing because he is doing things with the purpose of long term investment which is surely helpful for him and his all strategy.

Yes, I agree with you. People don't have patience, they want to become rich in one night.
They invest in a thing which he does not understand. They are trapped  scammers. Scammers get benefit from this opportunity and they fraud with people. Financial literate people invest in thing about which they have knowledge and experience. No one can change anyone else life but himself or herself. If a person thinks that he has to change his life, in a few years he would be in a better position. Only difference between rich and poor is mindset. Rich people invest in real assets and real money. Poor people invest in fake assets and fake money because they buy liabilities but they say that these are our assets.
Poor people think that their living house is an asset and should be big investment but rich people think that their living house is  a liability that will take money from their pockets in the form of gas bill, electricity bill and repairing cost of house.

[Adams0001]

The first reason why you can never be rich is too much  responsibilities, carrying family problems on your head which we all know family problems are always around the corners and can't be totally eliminated. The best help to offer family is to put yourself in a better financial position,  don't struggle to help family,  struggle to put yourself in a better financial position then take away your from dependency. How do you take them away from dependency? If you have a company or business you are running or a connection,  you can connect your family members to your friends let them work for them so that they can earn their own money or you have a business you are running, they can work for you to earn their own money.  As long as their is still dependency they will continue to depend on you and demand from you.

Now you mean that because of familial concerns, he will prevent someone from being wealthy? I disagree with you; I don't believe that leaving your family in order to be rich is the best option; you can't make it without family help and prayers, and I don't believe we will survive if we don't help each other; even if you are in financial difficulty, that doesn't mean you will isolate yourself from your family because of the problems you have with each other. Now, if you don't own a business and only make money online, you can't support them if they are in need. All of the things you describe cannot prevent you from being wealthy.

Some people waste money because they do not trust investments, because they have been duped. The fundamental reason why more people do not invest is a lack of trust.They've been burned before, and the "once bitten, twice shy" syndrome kicks in. They are also unaware of the benefits of investing and the protection that is available to ensure that your money is not lost.

[salad daging]

We will never be rich because every day our responsibilities and cost of living increase but our salaries or earnings remain the same. Unfortunately, in today's conditions it has become quite difficult to save money, let alone being rich. Especially in this order, our salaries or earnings which we can describe as insufficient, unfortunately cannot meet our daily living expenses and responsibilities. This situation causes the quality of life to decrease or  using the previous savings. In addition, due to the fact that many investment instruments have turned into financial traps today unfortunately it has become very difficult to make money by investing. For this reason, I think that we will never be rich and unfortunately our quality of life will decrease a little bit every day.

Do you think there is no other path to success? I think people like this are mentally weak because they don't believe in other opportunities while only relying on the main income for daily needs, unless you have a lot of family to support.

If you have a smart mindset on how to increase your income without relying on just one job then it makes a lot more sense such as opening up services, skills, or other bases that you may be able to improve that can become additional income.

About investment instruments it is good as long as you stabilize your finances then you can try investing, but remember you have to be a little patient to go through it sometimes it takes years for your finances to improve.

[Fredomago]

We will never be rich because every day our responsibilities and cost of living increase but our salaries or earnings remain the same. Unfortunately, in today's conditions it has become quite difficult to save money, let alone being rich. Especially in this order, our salaries or earnings which we can describe as insufficient, unfortunately cannot meet our daily living expenses and responsibilities. This situation causes the quality of life to decrease or  using the previous savings. In addition, due to the fact that many investment instruments have turned into financial traps today unfortunately it has become very difficult to make money by investing. For this reason, I think that we will never be rich and unfortunately our quality of life will decrease a little bit every day.

Do you mean to say that you'll solely rely on your job for income? Haven't you noticed how many successful people have devoted their time and energy to achieve their aspirations?

People nowadays earn money through various means, from online platforms and e-commerce businesses to offering services. There are abundant opportunities to become a high-income earner, well above the average. Once you venture into these avenues, your financial burdens will lighten as you won't be dependent solely on your job's income. Instead, you'll have the potential for higher earnings as you progress to a professional or even master level.

In my view, the most formidable barrier to achieving wealth lies within one's mindset.

There are many avenues indeed, you just need to find what fits to your attitude a kind of mindset that will help you to achieved, forget about those struggles and hardship but focus with your goals and find ways to achieve, people who extend their efforts to locate what are those things that can give them extra sources of funds most of the time achieved if they know how to balance their finances.

Though if you are just focus with your daily job and you are just content with how the cycle in life continues aside from luck, there's nothing that can change your financial status.

[Fatunad]

We will never be rich because every day our responsibilities and cost of living increase but our salaries or earnings remain the same. Unfortunately, in today's conditions it has become quite difficult to save money, let alone being rich. Especially in this order, our salaries or earnings which we can describe as insufficient, unfortunately cannot meet our daily living expenses and responsibilities. This situation causes the quality of life to decrease or  using the previous savings. In addition, due to the fact that many investment instruments have turned into financial traps today unfortunately it has become very difficult to make money by investing. For this reason, I think that we will never be rich and unfortunately our quality of life will decrease a little bit every day.

Do you mean to say that you'll solely rely on your job for income? Haven't you noticed how many successful people have devoted their time and energy to achieve their aspirations?

People nowadays earn money through various means, from online platforms and e-commerce businesses to offering services. There are abundant opportunities to become a high-income earner, well above the average. Once you venture into these avenues, your financial burdens will lighten as you won't be dependent solely on your job's income. Instead, you'll have the potential for higher earnings as you progress to a professional or even master level.

In my view, the most formidable barrier to achieving wealth lies within one's mindset.

There are many avenues indeed, you just need to find what fits to your attitude a kind of mindset that will help you to achieved, forget about those struggles and hardship but focus with your goals and find ways to achieve, people who extend their efforts to locate what are those things that can give them extra sources of funds most of the time achieved if they know how to balance their finances.

Though if you are just focus with your daily job and you are just content with how the cycle in life continues aside from luck, there's nothing that can change your financial status.

Also there are really just that people on sticking into what they do believe or on what they must do and this is why decisions would really vary.If they would really be deciding on supporting their family as long they do have
the strength and have the job on which there's no other way that we could stop them since their mindset and decisions are fixed and in tact. It might sound absurd but they are really making themselves get hindered on having a good life on later years knowing that having no savings just because you do set out other priorities.I cant really that blame though because there's really the sense of responsibility when it comes to this situation.
When it comes to money management and investment then it would really be the most common path of success but its not something that we would really be able to assure knowing that there's a failure rate.
So lets start from the roots, now that you are deciding on making a business or investment, how you would be able to do so since you have been supporting your family for long years?
which it do lead up that you dont have money anymore to start on?

[Fivestar4everMVP]

There are many avenues indeed, you just need to find what fits to your attitude a kind of mindset that will help you to achieved, forget about those struggles and hardship but focus with your goals and find ways to achieve, people who extend their efforts to locate what are those things that can give them extra sources of funds most of the time achieved if they know how to balance their finances.

Though if you are just focus with your daily job and you are just content with how the cycle in life continues aside from luck, there's nothing that can change your financial status.

I completely agree with your input bud, I've always believed that gone are those days when an average person succeeds on just one source of income, although back in the days, there were not too many opportunities available, so the ones that were available were a kind of paying well, But in the world we live in today, Opportunities are every where, and even as a banker, or secretary in a company, you can also look for side hustles to do alongside your job, side hustles like learning how to and become a professional crypto or forex trader, you could also train your self to become a blockchain developer or analyst..

And for some people, or most people rather, their side hustles is what sometimes ends up making them the rich, some most of the time, day jobs always comes with a fixed salary, but side hustles like crypto trading comes with unlimited opportunity in terms of possible amount you could make in every month.

[landheer]

It is very difficult to become rich if our expenses are very large, but in my opinion if we help family members it is certainly not wrong to help parents or relatives who don't have a job.

I think in this case we have to have a good strategy in business, and one of them, as you mentioned, is that we have to invest, but I think saving is also necessary, so we have to save and invest or many other businesses. . .

and the most important thing in my opinion is that we have to be grateful for what we get.

[Bloodseekers]

The first reason why you can never be rich is too much  responsibilities, carrying family problems on your head which we all know family problems are always around the corners and can't be totally eliminated. The best help to offer family is to put yourself in a better financial position,  don't struggle to help family,  struggle to put yourself in a better financial position then take away your from dependency. How do you take them away from dependency? If you have a company or business you are running or a connection,  you can connect your family members to your friends let them work for them so that they can earn their own money or you have a business you are running, they can work for you to earn their own money.  As long as their is still dependency they will continue to depend on you and demand from you.

The second reason why you can never become rich is not knowing how to use money. There are several ways money can be use :  spending,  savings,  and investing.  Many of us already know about spending and even when we spend we spend on things that are not really needed but just to impress people who don't care about you.

Buying liabilities,  things that doesn't have value five years from now.  Many save but even when money is saved,  it is done to spend and not to invest and the only way to become rich is to invest and not by savings.  So , invest in assets and not liabilities.

I agree with the method you described in the first point by teaching your family to be able to live independently so that they can earn their own income and that will allow you to use your income for your personal needs and that will make it easier for you to get rich quickly.

What I see is the same, there are many people who can only work to make money but cannot control where the money is spent due to their lack of concern for the money they earn so they use it for momentary satisfaction without even thinking about what they will do if they don't able to do work like now.

[Texac]

It is very difficult to become rich if our expenses are very large, but in my opinion if we help family members it is certainly not wrong to help parents or relatives who don't have a job.

I think in this case we have to have a good strategy in business, and one of them, as you mentioned, is that we have to invest, but I think saving is also necessary, so we have to save and invest or many other businesses. . .

and the most important thing in my opinion is that we have to be grateful for what we get.

We should help them but if they can still work and refuse to work and rely only on us. So do you think we should continue to help them?  the people I am talking about are siblings, aunts, not your parents because they are the ones who raised you and you need to be filial to them. 
As for getting rich, there will be many ways to achieve it, depending on the choice of each person.  many people do not invest but they do business successfully and vice versa.  the path to becoming rich is many and we should choose the path that suits us best.
 

[YUriy1991]

Yes, of course it varies in terms of income and sometimes it doesn't really matter because the price of necessities also increases every year but it's always not worth the price increase. So, regarding the tips on investing in the capital market that you convey, such as good financial management, understanding the types of investments we will invest, continuing to diversify investments. Deepening investment knowledge is basically a guide.

Btw, the question now is Can someone Get Rich Quick by Not Investing? and this seems interesting to know and try it in fact many of us are still lacking in terms of capital in trying and running an investment.

[knowngunman]

And I want to ask you one thing, did you become rich after getting rid of your family and after you knew how to use money? I don't know what family relationship you're talking about, if it's between your siblings, your spouse, your parents, and your loved ones. I would object to your first reason. Because we work hard, finding ways to be financially free is also taking care of them, not just ourselves. Furthermore, without those people, I bet you wouldn't be where you are today, so it's not right to consider them a burden. It's a responsibility that everyone has to shoulder, you can't selfishly deny them. Many people can still become rich but still be with their loved ones, so I disagree with your reasoning.

You made a perfect point with the question you asked in your first statement but reading further you mix things together. Aside those you mentioned, is there any other categories of people consider as family? Well, just like you said, we want money not just for ourselves but to also look after our loved ones is absolutely true but saying it's a responsibility to shoulder is the area I disagree with you. Taking family responsibility is good thou but overdoing it beyond your capacity is dangerous. If I understand correctly, OP is not against taking such responsibility but saying that you should first of all fight for financial freedom.

You'll not grow financially if you emphasize on family responsibility than investment. When you invest rightly, responsibility will be taken care of when the fruit is riped. Financial freedom is what comes first before family responsibility and again do not allow your family to depend on you, if you have means find them alternative to be making money on their own.

[dothebeats]

And I want to ask you one thing, did you become rich after getting rid of your family and after you knew how to use money? I don't know what family relationship you're talking about, if it's between your siblings, your spouse, your parents, and your loved ones. I would object to your first reason. Because we work hard, finding ways to be financially free is also taking care of them, not just ourselves. Furthermore, without those people, I bet you wouldn't be where you are today, so it's not right to consider them a burden. It's a responsibility that everyone has to shoulder, you can't selfishly deny them. Many people can still become rich but still be with their loved ones, so I disagree with your reasoning.

You made a perfect point with the question you asked in your first statement but reading further you mix things together. Aside those you mentioned, is there any other categories of people consider as family? Well, just like you said, we want money not just for ourselves but to also look after our loved ones is absolutely true but saying it's a responsibility to shoulder is the area I disagree with you. Taking family responsibility is good thou but overdoing it beyond your capacity is dangerous. If I understand correctly, OP is not against taking such responsibility but saying that you should first of all fight for financial freedom.

You'll not grow financially if you emphasize on family responsibility than investment. When you invest rightly, responsibility will be taken care of when the fruit is riped. Financial freedom is what comes first before family responsibility and again do not allow your family to depend on you, if you have means find them alternative to be making money on their own.

Let's just put it this way, do not indulge yourself too much on family responsibility if you are struggling for financial freedom yourself. That will leave you with nothing. Where will you even get money to help your loved ones if you yourself is struggling. It's true, there is no need in any ridiculousness to get rid of family. But, responsibilities? Do not dive yourself in that or any situation that will force you to have that without attaining financial freedom first, cause it will only be hard for you and the people depending on you.