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Author Topic: Reason why you will never become rich  (Read 1219 times)
Ziskinberg
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August 07, 2023, 10:15:02 AM
 #201


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.
They become dependent on you when you give them help when they are in need. It is sometimes they become lazy because they are not thinking that there is someone who will save them and provide for their needs - and this really happens in many of my countrymen. Maybe, that was our culture but I couldn't agree that much because that was the reason why we are not yet achieving our goal.

Indeed, we must also know our priorities especially if we already have other families to feed. It was not hard to help them when we are financially capable but if we are still struggling with our finances, helping is just an option.
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August 07, 2023, 11:59:17 AM
 #202

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.

I agree, if it were me, I would also prioritize making money and my financial freedom first. Because to help our loved ones, we need money, if we don't have money, how can we help them? I'm not saying we should ignore them and focus on our work, but don't put the responsibility of taking care of them first.
Think about it, what if we only focused on caring for them and forgot about making money? What if they need money for health care and we don't have the money to help them? I will prioritize making money over anything.

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August 07, 2023, 12:27:00 PM
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 #203

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.
I'm not familiar with the kind of family you're referring to, whether it's a nuclear family or an extended family. In a nuclear family, especially if you are the family head, it is your duty to support your family. If it is an extended family, I have nothing to say. It is not a good idea to keep money or invest money to get rich while putting your family through hardship. You can also invest money into your family, especially your kids, and become wealthy in future. All I know is to avoid wasting money on things that are neither necessary nor desirable.

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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.

Yes, I agree with you that when accumulating wealth, you should refrain from spending money on items that will always be a burden to you. It will be difficult to become wealthy without that. For illustration, consider an automobile. When you try to get a car even if you don't need it because your buddies have one, it will only wind up being a responsibility for you because it will occasionally develop problems that you will have to fix. Also, because it is a depreciating asset, you sell it for less money when you decide to sell it. We should just focus on our own business and avoid competing with others while accumulating wealth.

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August 07, 2023, 01:08:26 PM
 #204

with the second reasoning as to why we will never become rich i somewhat disagree though, spending, savings, and investing not as easy as many have pictured out to be honestly.
there are so many things that determines your overall success. one of them being your talent, not everyone talented in that field, like limiting spending is fine, but saving sometimes you just need to know how to avoid your saving from getting eaten by the inflations. moreover with investing its the same thing, so many kept talking about making good money out of investing, truth is, its not gonna be that easy.
investing takes a lot of effort in analysing, even with someone that knows the all three doesn't necessarily means they will be rich, i always think that the important thing is that, you raise your income whether its double shift jobs, passive income or anything like that.

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August 07, 2023, 01:09:22 PM
 #205

I think the thing that can make us rich is to always use our time for positive and productive things, unfortunately many people are too easy to be wasteful and waste time with the things they like so that time and money are wasted, and I think the presence of the internet can be used as a reference.


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Litzki1990
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August 07, 2023, 02:22:31 PM
 #206

I think the thing that can make us rich is to always use our time for positive and productive things, unfortunately many people are too easy to be wasteful and waste time with the things they like so that time and money are wasted, and I think the presence of the internet can be used as a reference.
First of all we have to give utmost importance to time. No time can be wasted, every opportunity should be taken advantage of. For those of us who don't work on time or waste time, it is very difficult to achieve success or become rich. To be rich you always have to think about multiple sources of work. Try to grow your current workplace or business. If you dig into the personal lives of the world's richest people, you will see that the world's richest people did not get to that position so easily, they worked tirelessly and valued time very much. If you want to see yourself in the list of rich people, you must be hardworking, honest and entrepreneurial.

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August 07, 2023, 04:02:35 PM
 #207

I think the thing that can make us rich is to always use our time for positive and productive things, unfortunately many people are too easy to be wasteful and waste time with the things they like so that time and money are wasted, and I think the presence of the internet can be used as a reference.
It is necessary to arrange time management in order to maintain and increase the productivity of financial resources according to the wishes of each individual. Time management needs to be arranged to divide time on more productive things, family and rest.
Apart from focusing on work, you need to rest and gather with your family. With enough rest you can work in peace, your mind is not disturbed when the relationship in the family is always harmonious. Successful people always manage their time well, they don't always focus on work, without rest your health will be disturbed and will affect your productivity at work.

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