Reason why you will never become rich

[Yatsan]

Circumstances and all but no one and nothing would limit you to be rich, if you would push for it. We all have our own struggles on a daily basis. Not to mention successful businessmen/women from different industries who have gone thru same or ecen worse. We all have difficulties coping just to make a living but what would make us better is our drive to be better, basically. Also, will alone won't be enough 'coz u need to act up to it. Luck could also play a keyrole but would you depend everyrhing into it? I ain't rich yet but I do assure that everyday, I am continuing my plans. I managed to finish studying with just pure hard work by doing a part time. I am not there yet but I do believe that I will only lose in life once I choose to stop, which I never had plans of.

[LogitechMouse]

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.

This has been the problem in our country. Some parents are passing the responsibilities to their children because of the fact that they helped them grow, and paid all of their expenses. I mean for the parents, it's like "It's your time now to help us, and carry the responsibilities because we can't do it anymore.

What's worse is that, there are some parents who can still work, but they are depending too much on their children that they don't want to work anymore. If the family is rich then it's ok, but what if the family is just a typical family type where they need to work on a daily basis just to have food in the table? I really hate this culture TBH, and I guess I can consider myself lucky because we're not a rich family, but my parents aren't like most of the parents out there who are passing the burden to their children, and in fact, my parents already have savings enough to sustain them when they retired.

I will not follow this shitty cycle of ours, and as much as possible I will not depend too much on my future children when I go old. I just remember in a TV show, a contestant who has a baby that's less than a year old saying to him "Grow fast, so that we will not be poor anymore." I mean like WTF!!.

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.

Financial literacy is very low in our country. Many people always spends on some worthless things. There are some who are spending on things that they don't need, but they just want it because they want to brag it to their friends, or it's the pressure from their peers that force them to buy something they don't really need. There are also some who are getting tempted to buy because it's on sale which is very wrong especially if they don't need that thing.

There's nothing wrong in buying liabilities because at some point in our life, we will really buy some of it. The problem for most is that, they are purchasing only liabilities, and they aren't investing. They don't know what's the meaning of assets, and liabilities.

[MFahad]

I don't think that a responsible person of a family can never get rich but he can surely become rich if he utilize his income with a better planning. Everyone faces problems in life but if does not mean that one should not struggle to make his life satisfy but instead he can work hard to manage all the activities of a family and also save some money according to the income and planning.

Leaving family without helping them does not sound good but a real man is that who works properly instead of facing difficulties and problems may be he is involved in a single or double job but his aim is always to make his his family life successful.

[Dr.Bitcoin_Strange]

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.

You mean me? Do you know the country where I come from, or perhaps if I have grown up in a wealthy family where everything is even available for my family and I don't have to spend money on my parents or siblings, but rather they are even the ones spending on me? Although I can understand that so many responsibilities (which doesn't mean only family) can really tie some people down financially and cause them to remain in just one spot, the person can keep moving, but it's just as if the person is moving in a circle; he or she is never growing. What you must know is that the case you are referring to is not just for everyone, as you have made it look. But I agree with the fact that you said one must put his or herself in a better financial level before they can make more sacrifice for the family.


I think the most basic reason why some people, perhaps not everyone, will not be rich is because of mismanagement of money (which was your second point). Some people can have family issues and Money to solve them, but you must not provide solutions to every problem at once; you still have to apply wisdom and know how to utilise your money. No body is Jesus that can die for everyone.

[darkangel11]

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.

This is probably the most difficult aspect of saving money. Most people don't know what they want. They see commercials and think they want something, but they don't.
Have you ever been in a situation where you thought you wanted something, but when you bought it you found out that you don't really use it and owning it doesn't put a smile on your face?
I have a friend who bought an apartment because he thought he needed it, but doesn't even live there. He did it because he saw others do it and thought he would be the same, he'd have his own place, but turns out he feels better renting out a room and living in a small space. He's rarely inside and when he is he either sleeps or works on his computer, so he doesn't really need a big apartment.
Before buying something expensive, make sure you really need it, that it's not just for show.

[EluguHcman]

First reason why you don't become rich is hoping and relying on people's empty promises without realizing and your setbacks not getting to the field to work in other to have money, working to earn more money, investing on a long and or a lifetime system

Caring for responsibilities doesn't stop you being rich rather it fights against your savings and financial stability after all at a starting point.
The goal to have money and getting rich is to care for your responsibilities and  the installations of a Financial stability. You don't stay away from your responsibilities in anyways otherwise you become irresponsible while you are out there staging a highily financial status.

[m2017]

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.

The first reason has to do with the fact that I, like many here, was not born into a wealthy family.

On the one hand, when you hire (if you have a company or business) members of your family, this can burden you, slow down your business (and lower profits), because instead of your family members, you could hire other people as employees (links to their professional excellence). But on the other hand, there are many examples of successful family business, which allows you to increase wealth in the family and an individual family member as well. I think this should be based on the availability of resources (human capital) that you have and what you are like as a business leader.

The ability to use money is a very important quality. Everyone knows how to spend money. Saving money is stupid because it is subject to inflation and money is meant to be an instrument of exchange, not a savings. Investing is another matter and should be learned.

Are you talking about impressing people with things? How about buying an iPhone on credit? I know of similar examples. In a year or two, your phone model will be of little interest to others, even from the point of view of making an impression.

The only way to get rich I described in the first sentence.

[salad daging]

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

It is not a reason not to be rich because it still helps parents, I do not believe that word I prefer parents who have raised us, then I will help them to any extent.
True to your word, I will not forget the family of my parents, sister, or other family because one day when I need definitely on them not someone else.

There are no rich people from those who remain employees, rich people are businessmen or other entrepreneurs who can earn many times, my life is quite simple to have a developed business can provide for the family and parents the rest I can prosper because with that business.
The important thing is that the financial manager must be good even if you provide for many families.

[Sim_card]

Sometimes, helping your family is what will bring progress to your life because you will see it that so many people depend on you and this can motivate you to work hard so that you can meet up with their needs. Though,if you don't have the mindset on how to go about searching for funds and ideas on what to do that can bring fund to you mate you will never get rich,or do you think to get rich is easy. Please let's not put the blame on helping our family members of not getting rich. To get rich you must have the foresight to know that having various means of income is the best way to riches.

[topbitcoin]

hmmmm.... I remember from Chinese entrepreneurs don't employ your family members in your business, it will make you unfocused and he can rebel in your business easily, or rather do as he pleases in the spare scope of business that you manage, because he is will feel that you as the boss are his brother which makes him feel that he has a special position because of the attachment of family relationships.

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

It is not a reason not to be rich because it still helps parents, I do not believe that word I prefer parents who have raised us, then I will help them to any extent.
True to your word, I will not forget the family of my parents, sister, or other family because one day when I need definitely on them not someone else.

That is, if you live with your family (parents/siblings), of course you have to prioritize them first, but if your position is far from your parents, then what needs to be done is the people who are around you first, namely neighbors (distant position). from your parents), because if anything happens, the people closest to your position will know more about it in advance than your family, but I don't mean forgetting them, maybe it's more precise to limit it if you live far from your family. (if the thinking is in this)

There are no rich people from those who remain employees, rich people are businessmen or other entrepreneurs who can earn many times, my life is quite simple to have a developed business can provide for the family and parents the rest I can prosper because with that business.
The important thing is that the financial manager must be good even if you provide for many families.

Of course, good money management will be balanced with good income too, whatever form of business is done, if the income is not good, it will be very difficult to manage finances too.
The rich way is to do business, if we have a lot of burden to meet family needs is to make it motivation to be a smart hard worker so that we can be in a position to be able to provide enough for your family and you must have a lot of money left over that you use to support your family.

[panganib999]

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.

It's good that you think of helping your family first and foremost, and it's something that I appreciate especially since in some ways I'm a breadwinner too. But I gotta take OP's side on this one only because there's certain instances where your family's overdependence is becoming a massive toll to your financial, physical, and mental health. So much so that it's causing you anguish and sickness aside from an empty pocket. Remember that you're not born into this world to be your family's financial investment for when they can't move their asses out and go to work for themselves. And if you're going to throw me the "you wouldn't be here where you are today if not for them" then I'll speak for those who had trouble dealing with their family by saying that "they would definitely not be here if not for their family, cause then they'd be in a better financial state!"

It's good to help, but sometimes you gotta draw the line.

[Faisal2202]

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 cannot agree more, you have said the right points. First i thought who will wants to be rich by abandoning the responsibilities of his/her parent or relatives. But you shared a valid solution of making them self-earner instead of they earn money from you. I had a live example in my life and recently i was also thinking on the same thing. I know this solutions seem so easy that someone might say to me. How could spend that much time of your life to learn such lesson. But every lesson have a time.

And i learnt this lesson when my Uncle helped his 90+ Years old father to set up his own shop of Fertilizers and all my grandfather has to do is open the shop and sit there and deal customers. He not have to sit there for like 9 to 5. He open shop in the morning and in the evening only. Actually the shop is below his house. So, things are made as easy as can be done for him.

The point is, i observed this thing and very impressed by my uncle that instead of just making him depending on his (uncle's) own money , he (uncle) helped his father to earn by himself. Masha Allah.

To become, rich you only have to make a lot of money, and try not to spend money on useless things just as you aforementioned.

[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.

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.

Admittedly a tad jaded here, I accept that. I know lots of people rich and poor that are in fantastic (seemingly) marriages. Those marriages were conceived 20 -25 or more ago when times were different. The age of the internet has killed it, it's to easy to get attention when you think your not getting any. Women cheat 65% of the time and file for 90% of the divorces (US) 

[panganib999]

(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.

Admittedly a tad jaded here, I accept that. I know lots of people rich and poor that are in fantastic (seemingly) marriages. Those marriages were conceived 20 -25 or more ago when times were different. The age of the internet has killed it, it's to easy to get attention when you think your not getting any. Women cheat 65% of the time and file for 90% of the divorces (US) 

It's jaded, but it's true. The Internet became a breeding ground for cheaters to proliferate and expand, or perhaps it just gave them the perfect avenue to mingle with, cause I believe that cheating is in the blood and it's not really something that you'd do normally.

As for divorce and having kids, I'd argue that the former is a much needed concept, although the way it is implemented in the US is so fucked up. Basically giving the woman everything she needs and the man to just deal with it as his kids and his money is taken away from him is one of the biggest heartbreaks that a man will ever feel (Although honestly I've never even been in that situation, just sympathizing). So when you say it's a jaded outlook, it doesn't invalidate the fact that it's true and it's happening and millions of people are suffering from this scenario.

[DeathAngel]

Becoming rich is unlikely due to various factors. The average dude has minimal access to opportunities, lack of resources & fierce competition make it difficult to achieve significant wealth. Economic disparities, systemic inequalities & a saturated job market further hinder your chances of amassing substantial wealth. The unpredictability of life and financial markets, coupled with the possibility of unforeseen circumstances make it doubtful that you will ever become rich.

[ScamViruS]

Family plays a big role here it is not logical that you will become rich without supporting the family. Family pressure, responsibility is on everyone, now how you deal with it is the most important. If you have a good paying job or a big business from which you get big income then this family problem will not stop you from becoming rich. Our family pressures increase as we grow older and we mature with time to manage these pressures. But supporting the family is also often a viable decision. Because if you help your parents, siblings, they will also support you in your bad times. So I think as a middle-class family member, having a good relationship with family is important, but it's also important that if you let the family depend on you more, it puts more pressure on you.

[palle11]

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 is the philosophy of giving someone the net to fish and not the fish. That is to teach someone process that you have gone through to be financially buoyant, the investment that you have done or to teach them the benefit of investing. You are right that dependency can slow someone down from growing financially and the best form of creating wealth is to have more people having wealth. If you are the only one in the family who is wealthy, you might as well be having your way back down. It is better to give aide to create wealth.

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.

It is better to invest than to save. Banks use money deposited with them to reinvest by either loaning it back out. This is to show that investment is far more better than savings.

[Cling18]

No matter what our financial status is, we should never turn our back from our families. They are still our supporters when we're down. It's fine to help as long as we are still able to manage our finances well and we know how to put limitations. Helping out doesn't pull you away from reaching success. However, we shouldn't let them totally rely everything on us, we should still teach them how to grind and survive life in the long run.
Managing our finances and wise spending is necessary for us to have enough savings for the future which will also be needed for our financial growth. As much as possible, we must avoid pirchasing or buying our wants over our needs. Self-discipline is still necessary.

[tjtonmoy]

I like to follow the first thing that you mentioned in the OP. I never give money to people. It could be my family or could be my friends. I try to teach them the way of earning. If I give them money and they become dependent on me, they will keep asking again and again. So instead of doing that will teach them the way to earn. That way they can make their own money and won't have to rely on me.

Another thing that will happen here is you will be surrounded by successful people. They will give you the best advice to become more successful. Also knowing how to use the money and how to grow it will also be the major point for becoming successful. The best way to grow your money is indeed investing. SO great advice OP.

[South Park]

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 will probably move your second and third reasons up a spot, in my opinion the majority of the people out there spend all their lives trying to get more money, but they do not spend even a single second of their lives to try to know how to best use the money they already have available, so instead of using their money for their own benefit they just squander it on things they do not need or buy stuff that is instead a liability, and when someone does not understand how to use their money for their own benefit then it is almost impossible for them to reach a point on their lives in which they may be rich enough to stop working.