Reason why you will never become rich

[carlfebz2]

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 one is easier said than done. When you try to employ your family member to your closest connections, that is where conflicts between this connections will start. Because, you will going to have a hard time weighting things out on who's side your going to take when misunderstandings between them arises. It's always better to keep your family member away from company that is closely related to you.
Also, if you come from a country that puts his family first over anything else, you'll probably going to understand why we always choose not to be rich than abandoning our own blood.

Well, you cant really blame out those people who do really try to do their best on helping out their family or relatives in terms on letting them be able to apply for such job even if it would really be on the same company which this one turns out to be a basic thing that you would do as a help but its true on such condition that whenever conflicts arise then it would really be resulting on such situation or condition
on which it might be ending up or in result for you to have some problem towards your day job or on whatever venture that you are into.

This is why some people wont really be that minding much when it comes to this kind of scenario on offering some help even if its available because they dont really like to experience out such hardship on the time
that possible problems to arise. Becoming not rich? There's no way for us to assure that we would become rich and this is something that would pertain about hard work and make out some investment
at the same time it would really be requiring a little bit mix of luck when it comes to this matter. It all varies on the situation basing up on what you do and on what you decide.

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[Fortify]

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.

It depends how you define "rich" really because to many people that can mean more than money. However even if we are just talking about money then it is all relative, some people can get by on a much smaller amount than others, even if they live in the same area, because of the lifestyle they lead. I've seen people waste vast amounts on leased cars and overpaying for "luxury" holidays, where they could have made their money go a lot further with a bit of planning. With the right financial strategy anyone can become comfortable if they've got an average size job and are able to cover all their bills with a bit to spare. However it requires investing and adding a level of risk to your money, which many people find too uncomfortable.

[Porfirii]

So you can follow OP's advice, and then die rich

I am not the kind of person who wastes money in expensive clothes, cars or whatever to impress others. I even try to save and not spend what is not mandatory in a normal life, like food, taxes, electricity... but if you only live to improve your position and don't spend your time with your family and loved ones, or if you don't indulge once in a while, you will live a bland life and chances are that you will regret when it is too late.

But I agree with the general rule that saving is better than spending, and investing is a good alternative to increase one's income, taking always into account the risks involved. But as you said, if you spend most of your money in future garbage, you already lost.

[Accardo]

(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.

Indeed you are right, but on the second flip he is not forcing anybody not to get married, he just released his thoughts regarding the thread. People, like myself, think alongside his ideas or opinion, because on the long run spending time is different from spending money. I value my time and always tend to diversify my time as quick as possible, since the world didn't segregate us from meeting new people, which helps to generate new ideas. They're multiple kids on earth, population control is thriving; born less than 2-3 kid as result of over population. Hence if a single mother exists with kids and no father to ride or lead the family journey a single man can take it as a fresh responsibility to help the existence of those kids. Looking at his points, a man should be able to enjoy his life and not get tied down to people who may neglect him in future, just like the divorce issue he raised. Imagine the emotional meltdown it'll cause the man to share his property or wealth because his wife, whom he worked and stressed himself to sustain, decided to leave him out of few reasons that can be corrected. Hence, in essence, everyone decides what they want and it's rare not to find people who think like us. His ideas are not bad, though raw and forward, but will be of good benefit to the man on the long run. But for what the OP is saying about family, I don't accept that. Family helps us to work hard and provide a good life to make them happy, kicking them out or not reaching out to them won't help us emotionally either.

[Vaculin]

The way people spend for luxury and trying to achieve expensive lifestyle even if they don’t have enough means to, that’s exactly the reason why they don’t prosper and become rich. It’s like that some of us live their life to impress others and take an edge over unfortunate ones, not realizing that staying in that mindset will only pull them away from their goal of being rich. While others are busing spending and trying to flaunt all their expenses, wise men prefer to do it secretly and when they finally achieved their dream to be rich, that’s the time they will start to get out from their box and show everyone how far they achieved in life.

[molsewid]

The way people spend for luxury and trying to achieve expensive lifestyle even if they don’t have enough means to, that’s exactly the reason why they don’t prosper and become rich. It’s like that some of us live their life to impress others and take an edge over unfortunate ones, not realizing that staying in that mindset will only pull them away from their goal of being rich. While others are busing spending and trying to flaunt all their expenses, wise men prefer to do it secretly and when they finally achieved their dream to be rich, that’s the time they will start to get out from their box and show everyone how far they achieved in life.

Maybe because some of the people are having delayed gratification but the thing is they understand and execute it in a wrong way. People that getting high salary their expenses are getting high as well. We should learn to manage both, in order for us not to be unto debt, it is not bad to buy luxury items but we should know our limits and it should be manageable.

[arimamib]

The way people spend for luxury and trying to achieve expensive lifestyle even if they don’t have enough means to, that’s exactly the reason why they don’t prosper and become rich. It’s like that some of us live their life to impress others and take an edge over unfortunate ones, not realizing that staying in that mindset will only pull them away from their goal of being rich. While others are busing spending and trying to flaunt all their expenses, wise men prefer to do it secretly and when they finally achieved their dream to be rich, that’s the time they will start to get out from their box and show everyone how far they achieved in life.

Maybe because some of the people are having delayed gratification but the thing is they understand and execute it in a wrong way. People that getting high salary their expenses are getting high as well. We should learn to manage both, in order for us not to be unto debt, it is not bad to buy luxury items but we should know our limits and it should be manageable.

I think the main hole for someone in managing their financial management is very influential in their economy. Because if someone is very royal or wants to live in luxury without being supported by commensurate income then he becomes someone who will live continuously under the pressure of luxury without realizing that he is entangled in a lot of ongoing credit.

On the one hand, if a person is able to balance the expenses and income he gets, then he becomes someone who continues to live in an all-sufficient life. A solid reason why we are never rich is because wealth is measured by how much we believe we are already rich. Because the benchmark for wealth is not us who measure it but other people who say it.

[serjent05]

Maybe because some of the people are having delayed gratification but the thing is they understand and execute it in a wrong way. People that getting high salary their expenses are getting high as well. We should learn to manage both, in order for us not to be unto debt, it is not bad to buy luxury items but we should know our limits and it should be manageable.

I think the main hole for someone in managing their financial management is very influential in their economy. Because if someone is very royal or wants to live in luxury without being supported by commensurate income then he becomes someone who will live continuously under the pressure of luxury without realizing that he is entangled in a lot of ongoing credit.[/quote]

In short, one must be aware of their status, their capability to obtain finances and their source of income.  Also one should learn how to manage their finances in order to set right budget and not overspend while have the ability to acknowledge right investment ventures.  It needs a lot of studying and thought, and by learning that we might be uncovering the secret to get rich.  Having none of these attribute will surely make us broke and unable to step on the realm of the wealthy.

[romero121]

Maybe because some of the people are having delayed gratification but the thing is they understand and execute it in a wrong way. People that getting high salary their expenses are getting high as well. We should learn to manage both, in order for us not to be unto debt, it is not bad to buy luxury items but we should know our limits and it should be manageable.

I think the main hole for someone in managing their financial management is very influential in their economy. Because if someone is very royal or wants to live in luxury without being supported by commensurate income then he becomes someone who will live continuously under the pressure of luxury without realizing that he is entangled in a lot of ongoing credit.

In short, one must be aware of their status, their capability to obtain finances and their source of income.  Also one should learn how to manage their finances in order to set right budget and not overspend while have the ability to acknowledge right investment ventures.  It needs a lot of studying and thought, and by learning that we might be uncovering the secret to get rich.  Having none of these attribute will surely make us broke and unable to step on the realm of the wealthy.

[/quote]
Need to learn how to lead life with the available resources. What we do now will let us be free and have comfortable living in the later years. This is something proven in everyone's life. In my country the parents work hard and give the comfort to their kids and the kids when grown up moves to the next level of living. Some sort of sacrifice is essential to reach a position. The parents couldn't have enjoyed the life, but they've made better path for their kids. This is the base apart from the investment and other productive measures of making money. So, starting with the base and moving further with educated investment seems to be good.

[dansus021]

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.

Well its me, a sandwich generation that pays the elderly and our kids. Tho Im not married yet but when I do Im gonna pay kids and parent at the same time. Exhausting but it is what it is.

Tho if we want free from sandwiches generation we should invest at a very early age and really have tight budget to do everything. Work hard Invest hard even this would be little bit hurt.

[retreat]

Getting rich is not that simple. Sometimes you need "luck" to get rich and work smart. That's right, work smart and get lucky, because most people think that rich people get their wealth from hard work, but they work smart to outsmart things in their lives. And another factor is luck, most of the rich people get lucky in their life. There are those who are lucky from the results of gambling in one of the companies that are not big and get a lot of money from it, there are those who are lucky to get big projects from their friends, and so on.
Indeed working hard and saving money is one way to get rich, but you have to consider the factor of working smart and luck, because that is usually the biggest factor in someone's success.

[Poker Player]

The first reason why you can never be rich is too much  responsibilities...

A bit vague what you say but OK.

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.

I put savings and investment in the same category, they would be two subcategories of the same thing, but you left out a very important one, giving. In other words, for me, I either spend my money, save/invest it or donate it.

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.

With this, I agree.

Instead of talking about getting rich, because it is a concept that can vary over time and depending on the geographical situation, I like to talk about improving your economic situation. And that is within everyone's reach from the moment they start to control income and expenses and try to diversify and maximize income. With the surplus, an emergency fund is saved and the rest is invested. With this, everyone improves and lives more peacefully.

[Davidvictorson]

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 can't help a person in that is drowning if you are still taking swimming lessons. This used to be me some years ago. I wanted to help everyone when I got my first job straight out of college. I would feel guilty when I was unable to meet the need of any close family member or friends. But his wasn't helping my own financial condition in any way. I was always giving and would end up having nothing left. I knew this had to change. As much as I wanted to lend a helping hand, I had to acknowledge within myself that I cannot help everyone and that they would be fine. If I don't help them, they would get help somewhere. I reduced the assistance I rendered and things started to look fairly good for me financially.

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?

This is teaching how to fish and not giving fish.

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.

This is true but you must not forget that for some people they are already have a disadvantaged background and no matter how much they try to cut down on their expenses, save, and invest, they just can't seem to have enough left. Remember how they put, the money you saved ends up saving you.

[bayu7adi]

Assisting one's family is a virtuous pursuit. In fact, the members of our family must collaborate harmoniously to address any challenges that may arise within the household. At times, familial issues play a crucial role in shaping our future. Therefore, our primary duty lies in fostering a more conducive family environment, thus creating a support system that facilitates everyone's journey towards success.

Remember, even in the direst circumstances, there remains a caring family that values your presence. Do not squander the precious bonds of your extended family.

Regarding the most effective expenditure, indeed, investment holds great promise. Nonetheless, each individual possesses varying financial standards, and it is a matter of adapting accordingly. Above all else, prioritizing health is paramount.

[BitcoinTurk]

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.

[Broly46]

You forget to add, there is just too many want to scam you, friends, close friends, spouse, sibling, but are all look totally nothing more than scammer in the eyes, people are getting more and more savage by the day, due the soaring pressure, soaring stress, soaring inflation, survival bias is too soaring to skyhigh, a one used to be sweet and nice guy would one day turn into backstabbing unreasonable conman, it is not that they are very bad person, when survival of the fittest forced at their head like a pointing gun, what else choice does a person have? Either dead or alive.

[Lida93]

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.

There's a popular adage that says "teach me how to fish don't just be giving me the fish" , leaning on that I'll say the richest families are not those with one wealthy trillion and poor brothers that depends on him to clear their bills but it's the families where each person in the family is in a comfortable standard of living having not to bother the next siblings to be able to meet up his responsibility, each financially independent of themselves.

They must not all be millionaires or billionaires to be called wealthy family but long as they've got a good source of income/jobs that each person's lives comfortable that's  what matters.

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.

I can only sum it all in one word mismanagement.

[Patrol69]

If a man is irresponsible then that man is terrible. When a family is born, family responsibilities must be fulfilled. When you were young your parents didn't even think of spending money behind you they sacrificed their own beautiful future just to make your future bright then how do you think you won't take the responsibility of the family. Changing one's position is not the most important thing, living well with family is a very important thing. Money is not permanent, you have a lot of money right now, you may not have that money at some point, so it is never right to avoid family responsibilities just to increase money.

[KingsDen]

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.

What you said is so accurate but it is highly dependent on the economy you find yourself. Relatives in developed countries does not depend on their relatives to be prosperous and neither for any financial help. Probably, the government has provided the basics of living for everyone and they also have some unemployment entitlement until they are legitimately employed. This cannot be said about so many under developed countries whose government doesn't exist or are simply corrupt.

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.

This is very common among the youths who doesn't live according to their budget, rather they live according to how their age mates and peer group live. They spend more than necessary and most times cannot account for their spending.

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.

This is not proven. Investment is not the only way to become rich. You can save your way all the way to richness and I am serious about this. Try save upto 20% percent of your income and see yourself in the next 5 years.

[someone703]

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.

Your words may help some, but in my opinion, all I see is your subjective opinion. It may seem that you have a bad opinion about your family, but the truth is that you cannot deny your responsibilities and obligations towards your family, and ensuring your responsibilities towards your family. is an important part of life.

My point is that putting yourself in a better financial position is also part of the family responsibility. When we are economically stable, we can provide a better environment for and free them from dependence. That is to have empathy, a sense of responsibility, to care about family members and to become a more responsible person instead of denying and abandoning family members as you said.