Reason why you will never become rich

[Y3shot]

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.

[DanWalker]

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.

[avp2306]

Eventhough you are in current situation where you have a lot of responsibilities brought on your arms still its possible for you to get rich especially if you don't rely only on one job and you are good for seeking opportunities where you can earn some extra income.

Its easy to say all of that but its hard to be done so the best way to have progress is to find more ways on how you can get another source of income, you will never get rich if you only have one job and it will be worst if you rely on 9-5 since your life will be miserable with that set up.

[Eternad]

And I want to ask you one thing, did you become rich after getting rid of your family? I don't know what family relationship you're talking about,

I think he describing the typical 3rd world family responsibility problem especially on asian country which parents usually passed poverty to his children. Children when they turn on legal age to work usually working just to sustain the parents and never have spare money to start on his own family.

This poverty cycle start when this working son/daughter decided to start his own family while still sustaining his/her parents. This cycle will continue to the new child and so on just because people keep building family even if they are still not financially established.

[naira]

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 question is, have you done it?

The problem is not that we don't dare to pressure our families to work harder and as if we don't care. Within the family, there are bonds that cannot be separated, such as our responsibility to the family that has brought us to this point thanks to the sweat they have spent in the form of wealth, energy, and thoughts. As people who know reciprocity, we have an obligation to be able to give it to those who have struggled. Nothing wrong right? Life is not always about being rich, because it's useless to be rich but don't know how to pay for it. There is such a thing as empathy, a sense of responsibility, and care for the family where we remember the services of others. Everything that is achieved is not necessarily your own ability, there are external and internal drives involved in it. Shaping us to be more responsible people.

[komisariatku]

I think those are very beautiful words but will you be rich if you don't help your family? I never thought I would do that, I will always help my family, help my parents and younger siblings. I think they would also do the same if I had their needs and help

Talking about wealth and financial freedom, the way to get it is by doing business and entrepreneurship. If we are always employees, then financial independence will be difficult to obtain, although it may be realized. However, if you look at the list of the 100 richest people, most of them are businessmen and investors. So, to become a rich person is not by letting go of the family burden but starting a business and investing

[AbuBhakar]

All the 3 points that you mention doesn’t make you rich but only make you have a financial stability. Being rich and financially stable is 2 different things. You will need a phenomenal source of income such as blockbuster business or 7 figure salary to become rich and not by just cutting all things that cost you some money because you will never become if you don't have the source of wealth. All that you mention is just ways to properly manage a finance.

People will never become rich if they don't have income that will make them rich.

[michellee]

Investment can provide a way to get rich but it depends on what we invest. If someone want to become rich, a person must be able to make savings from expenses every month so that he still has money to save. But once again, with the current economic situation, it's not easy for someone who works in an office or company to save money.

We may have tried to save money and not buy things we don't need. But sudden needs must always be met immediately and other sudden demands. But we could still work on it if getting rich was our goal.

And by having an investment, we can prepare for the future to be better than now. And, with this investment, we hope to get benefits in the future so that our lives can change for the better. But if it's about family, I think almost everyone would want to help their family, especially if it involves their parents.

[khiholangkang]

The rich side is sebjetif but you seem to lead to economic matters, I will try to follow the pattern you give friends.
In my opinion about the number of responsibilities, it is not something that needs to be conveyed, because in truth you will feel responsible for them if your position is better, why is the mindset in it being revealed, it becomes more responsibility that becomes an encouragement to yourself that You have a lot of dependents and you have to be rich.

The other side is this if someone feels that he has responsibility, he will always struggle harder to be able to help himself and his family, and most successful people are those who have a more sense of responsibility, throwing that feeling is ignorance in my opinion.

What you need to instill in you is, with the many responsibilities means you must have a lot of ability to encourage you to be rich to meet their needs.
If you get rid of that responsibility and if you don't have the ability and mentality to become rich, your position will not have any development at all and that wealth will only be an illusion for you.

[xSkylarx]

Now my question is: have you become rich when you've left responsibilities for your family? I don't know where you came from or what is really on your mind, but I don't see any hindrance to it. I mean, it can make you strive more and give you motivation because if you are just living alone and making a living on your own, trust me, you won't get rich that time unless you are a workaholic and very business-minded. Your family is your guide; trust me, they have more experience than you, and they are giving you advice on what makes you better. My only explanation for your lack of wealth is that you are too lazy to do things.

[inthelongrun]

Well said, mate. This topic made me realize that I am somewhat occupied by some family problems which are stressful and at times consume my mind instead of focusing on the opportunities and accomplishing my goals in life. And it is not easy to escape them especially when you're living together. Right now, I am saving as much as possible so I can invest and then start another business sooner than later.

When it comes to spending, saving, and liabilities, I am very well aware of them. I do not spend over my means nor do I save money in order to buy something unnecessary.

[icalical]

For the first reason if what you mean by family is your parents/sibling then I do agree, some people were born in a poor family and it's one of the biggest reason that prevent them from compounding wealth, if what you mean by family is your own family e.g wife/kids then it's actually your own fault, anyone who want to start a family need to considering their financial condition, they need to be ready on every aspect, especially financial.

Second and third reason is quite similar I think, using money also means buying stuff. I don't think buying 'liabilities' or as you describe something that degrading in value is always bad. If those liabilities increasing productivity then it is a good thing.

[isaac_clarke22]

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.

In Asian culture, when you're the eldest, it's quite common to be cursed with this "responsibility". I know you're speaking for the general like having a family as father/mother, but this is another reason why it is not common for people here in my country to be a rich individual. Once you hit the genetic lottery of being the eldest one in the family, depending on what type of family you grew, you might be screwed since every burdens of your family and that includes your parents debt will be passed into you.

Unless you have the balls to separate from your family at the legal age which I believe is a common culture in 1st world countries, then you're almost never going to be rich. You might not be poor, but you'll just be average and thank fucking God, I am not a spoiled one.

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.

When you're exposed too much to the internet realm, this is going to be an issue. You still "need" to buy your "wants" sometimes. You're not going to bring your money to the grave. I am not saying that you shouldn't save. Save some, but don't forget to get yourself something nice. Don't feel too bad in treating yourself.

[mindrust]

Nonsense. You can definitely become rich. However doing it from zero to hero is pretty difficult. Family plays a very important role here. If you have a middle class family with kids less than 3, it is not impossible to get rich. You just need to play your cards right. If you get high grades and go to a fairly good college, start a business or have a good paying job (like being a doctor), you can become rich in less than 20 years. If you are lucky, you will have enough money to get retired in your 40's, if not you will work till your 50's. As you see age is an important aspect too. Being rich in your 20's and 30's is a lot more attractive than getting it in your 50's. You just have to start thinking about all that while you are very, very young.

[Findingnemo]

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.

1. If you can't handle the responsibilities for your family then its your choice to stay away from it but it will work differently for different individuals. Even though a lot of first-generation people became millionaires and billionaires in this modern era still the old heritage family leads the numbers so it's a long-term process that may happen over the next few generations if that has become the goal of your life.

2. Money management is important but it's just too basic so just rule out it.

3. Everyone knows that we need to buy assets, not liabilities but what they are ignorant is can't differentiate assets from liabilities for example a house can be both an asset and a liability too so one who is intelligent enough to identify will has a better chance of becoming rich.

[mu_enrico]

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.

This should be phrased differently so people don't misunderstand your point.

Your family problems aren't yours but you can help them if you can. Yes, helping doesn't mean giving money, and yes it will be best if you can give them work instead. However, that's when we talk about family members that are still in productive age. What about your parents for example, what do we do if they need money for medications, etc.? So there's no general rule for this thing, each should be treated based on the case. By ignoring them, you may or may not become rich, but one outcome is certain, that is you'll have no family. Managing this issue is important so they won't depend on you every time, and on the other hand, you still have a good relationship with them.

[Japinat]

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.

This should be phrased differently so people don't misunderstand your point.

Your family problems aren't yours but you can help them if you can. Yes, helping doesn't mean giving money, and yes it will be best if you can give them work instead. However, that's when we talk about family members that are still in productive age. What about your parents for example, what do we do if they need money for medications, etc.? So there's no general rule for this thing, each should be treated based on the case. By ignoring them, you may or may not become rich, but one outcome is certain, that is you'll have no family. Managing this issue is important so they won't depend on you every time, and on the other hand, you still have a good relationship with them.

People have been having the same problems and it is not that new anymore because family problems will always be with you as you grow, and it's just it is getting harder as you become older because responsibilities will also grow along with you. Now, you may or may not help your family, that is your choice because I don't think that it is our responsibility either as we are not born in this world to help them but as a human, it's just hard to neglect that and that is why it seems like it is our responsibility even if there is no written rule for that. Remember that is much better if you have a family to depend on, not financially, but someone to run on.

My advise would be, help yourself first because you cannot help others if you yourself is not yet on the position. Just like building a house and stacking bricks to build a wall, you cannot finish your house if you will always give those bricks for them. But that's just situational because we all have our own different choice to make.

[spectre71]

(US based opinion)

Marriage  / Divorce and children were horrible to my finances. Marriage is of little to no value here and mostly serves the woman as a means. Then you work hard and become boring and she runs off with a Chad or Tyrone and you flip the bill and lose over half your assets. Heck the court can make you pay her atty to sue you!

Don't get married, don't have kids. There is no need on this planet for more people and having kids is just a societal pressure. If you change your mind just pick any single mother with 3 kids from 5 different dads and pay her bills and trash your time off.

Be single, have wonderful girlfriends and when they stall out move on. Travel the world, scuba dive, fly airplanes, ride motorcycles and keep everything you worked for.

[dothebeats]

(US based opinion)

Marriage  / Divorce and children were horrible to my finances. Marriage is of little to no value here and mostly serves the woman as a means. Then you work hard and become boring and she runs off with a Chad or Tyrone and you flip the bill and lose over half your assets. Heck the court can make you pay her atty to sue you!

Don't get married, don't have kids. There is no need on this planet for more people and having kids is just a societal pressure. If you change your mind just pick any single mother with 3 kids from 5 different dads and pay her bills and trash your time off.

Be single, have wonderful girlfriends and when they stall out move on. Travel the world, scuba dive, fly airplanes, ride motorcycles and keep everything you worked for.

You made good points but I think this is very subjective. I know a lot of rich people who are in a good loving marriage and family. I think it is still more on the perspective of an individual. If you can handle your finances well and smartly, having a family should not be a problem. You cannot force people to not get married cause you believe every outcome will be the same.

[hd49728]

You don't need to provide all things, introduce jobs, chances to your family members. They must find it by themselves and you should focus on your job, income, independency, financial freedom.

If they need help and ask you, you can help them when you can do that.

If you proactively help them, they will not appreciate your help but will rely on you more. It is not what you want because you are unable to take care of them forever. It is very big burden on your shoulders and your life will be damaged if you are not financial freedom but want to help many people.