Reason why you will never become rich

[GiftedMAN]

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.

The points you listed are all correct but it all depends on the environment and situation you found yourself in, first off, there are no escape root of surviving without spending money on daily basis but your ability to spend on the things that are needed matters alot. For instance, spending is very easy than making money but you don't complain after spending money on some unforseen circumstances because they must surely come but saving to sort out some financial problems is the key to surviving in difficult times so no one should see spending on things as unnecessary spending.

What are the things you feel are not needed that one spend on? I think we spend money on things that are needed by us or others so long as you are not influenced by anyone to spend I don't think we consider things we spend on as things not really need because no one actually forced you, concerning savings, you can only save when you have enough to eat that means your financial power is above average but I don't think people will have money to save when they find it difficult to afford meals and other things which are the basic needs of human beings. When it comes to investment, you only invest when you have the financial strength but when one is without a good job and skill, I don't think such person will have what it takes to think about investment of any kind.

[Gozie51]

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.

Having family obligations can be balanced with your daily life. The best way to support the family is not just about giving money but to offer real help to train members of the family to be independent and self reliant because money will finish some day or may not continue flowing like you said, so if you have succeeded in taking part of the family out of poverty earlier enough, when the money stop coming, you can also get a helping hand. Life is a circle and we have to move with it.

[slapper]

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.

The points you listed are all correct but it all depends on the environment and situation you found yourself in, first off, there are no escape root of surviving without spending money on daily basis but your ability to spend on the things that are needed matters alot. For instance, spending is very easy than making money but you don't complain after spending money on some unforseen circumstances because they must surely come but saving to sort out some financial problems is the key to surviving in difficult times so no one should see spending on things as unnecessary spending.

What are the things you feel are not needed that one spend on? I think we spend money on things that are needed by us or others so long as you are not influenced by anyone to spend I don't think we consider things we spend on as things not really need because no one actually forced you, concerning savings, you can only save when you have enough to eat that means your financial power is above average but I don't think people will have money to save when they find it difficult to afford meals and other things which are the basic needs of human beings. When it comes to investment, you only invest when you have the financial strength but when one is without a good job and skill, I don't think such person will have what it takes to think about investment of any kind.

The constant balancing act between spending and saving is indeed a constant struggle. It's a ubiquitous part of our lives, isn't it? Nonetheless, I'd argue that our perception of "needs" is very subjective, depending largely on our individual lifestyles and socioeconomic backgrounds. While we all spend on necessities, the definition of "necessity" can vary vastly from person to person

Moreover, it's interesting that you link savings directly to surplus income after meeting basic needs. True, in a practical sense, you're right. But, isn't frugality an attitude that transcends financial states? Isn't it possible to save, albeit small amounts, even when our finances aren't exactly overflowing? On investments, I agree; it's a privilege not everyone enjoys. But we mustn't overlook the power of micro-investments and the potential for economic mobility they present, don't you think?

[Kasabus]

The only reason why a person never get rich overtime simply because he is not working on it. Because even if you are helping your loved ones with their finances, that is not enough reason that you will not prosper on your own. The more that you are supporting your family when it comes to financial aspects, the more that you will strive hard in your life so that you will achieve financial stability in order to give more to your family. That is not a burden for me but actually a motivation for me that everything in life is possible as long as you keep on doing to the best of your ability and you will never stop taking advantage on every opportunity that comes especially if it will improve your status in life.

[Lanatsa]

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 should really be mindful about putting up boundaries or having that mindful on keeping up some savings or extra amounts which would really be saved up for yourself and not really that giving it all when you do

tend to support your family.Its never been bad on taking up some responsibilities sometimes specially if you do see your parents are struggling and since you have finished up your studies because of their sacrifices then it would really be that giving out that kind of being guilty if ever you wont really be supporting or helping them on the time that you do see that they are still struggling on letting your brothers or sisters taking up college or even on the needs inside the house on which you cant really turn your back but of course everything should be on limit.Save up accordingly or some portion of your salary despite on having that kind of support because if you do go all in, then you cant really see any progress in your life.

You would really be coming into a point that you would really be realizing that it is really just that too much.You are sacrificing your own life for theirs for too long.
This is why you should really know on how to draw a border line when it comes to this situation but not on all of your life you would really be just like that. Sooner or later you would really be
already the one who would be raising up your family on which it would really be just that right that you should really be preparing for such manner.

[Aanuoluwatofunmi]

The only reason why a person never get rich overtime simply because he is not working on it.

Being a rich man begins from the heart, what the heart can conceive we can achieve and what it can't we may not achieve as well, being rich is a decision and also a mentality some people develope for themselves to never settle for less or remain poor and they strive and work towards that determination and it becomes a reality with time, the process is what the people lack the understanding to, maybe because of fear or personal decision together with their mentality that they cannot achieve anything and make it possible.

[wiss19]

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.

I don't disagree with OP about responsibilities because it is true that responsibilities do make you slow down in progressing in your own life and career, especially if you are the sole breadwinner for the whole family, including your parents and siblings and your wife and children, and if you don't have any inheritance that can make you rich without having to struggle yourself, but I also agree about your point that we have to move along with these responsibilities.

There are a lot of people who are successful, rich, have a lot of wealth, and take care of everyone that lives with them, some even help their relatives if they have a big heart. So, responsibilities might slow you down, but they can never stop you as long as you are determined and have a lot of dedication.

[fauzan Ichsan]

The only reason why a person never get rich overtime simply because he is not working on it.

Being a rich man begins from the heart, what the heart can conceive we can achieve and what it can't we may not achieve as well, being rich is a decision and also a mentality some people develope for themselves to never settle for less or remain poor and they strive and work towards that determination and it becomes a reality with time, the process is what the people lack the understanding to, maybe because of fear or personal decision together with their mentality that they cannot achieve anything and make it possible.

To become rich, not everyone is able to get past the obstacles that come their way, many of them are not mentally strong enough to face problems in the business they are doing, so they finally give up halfway. On the other hand, many of them tried to imitate the business that was trending at the time, so they just went along with it. The time came when after the trend declined, they looked for another business, but for those who were able to think about starting early and leaving at the peak of the trend, and can find other ideas to become a trend then he will win

[Pierre 2]

I personally never understand how to trade in real life. I mean buying/selling real goods to real people is not favorite. I realized that people who can sell are always better with getting rich. Only option I have is to trade online. As OP said its nearly impossible to get rich meanwhile you are supporting a family. My only advantage is that because I am single and mainly I don't need to support anyone other than myself.

[reagansimms]

The role of parents in maintaining the economic stability of the family and keeping the family from economic difficulties is called responsibility. Parents have a responsibility for the good of their family by providing adequate living, providing education to children and implementing independent living when they are adults. The difficult times that often befall parents' economy when their children are in education, it is the responsibility of parents to facilitate all their needs to produce the next generation of families to help the economy.

Wealth is everyone's goal, but due to the increasing burdens of life, they have to postpone the pursuit of wealth in order to finance the increasing needs of their families. For me, real wealth is not how much wealth is passed on to their children, but how successful they are in shaping the character of their children to become successful people.

[HajiBagi]

I disagree with you about helping family; I always help my family in any situation I find them in. Family members are people you can never run from because even if you do, you must still return to them. Although taking care of yourself is a good thing, I believe that family comes first in everything in life. The first thing you should consider is who has been taking care of you since you were a child and has continued to do so until you are an adult. The only thing you can say is that you shouldn't let your siblings and your older siblings depend on you constantly. However, you should also be able to assist them when they are having difficulties because without my parents, I would be nothing in life. This is what I'm trying to get across to you: no matter what, you should never forget your family.

The second reason is very clear and I can understand it; a man or person who has a way to make money will never spend money in any way. A mature man always makes plans for the future and does not spend money in any way. Additionally, the only way to be a successful businessperson is to have a plan for how you will manage your finances, what you will buy, and what kinds of investments you will make to make profit. But I would advise anyone who is happy with their financial situation to invest in bitcoin because it is currently the best investment and you can't even begin to imagine what will happen in terms of a profit. I'm not trying to confuse anyone, just trying to explain this as a fellow human and a friend who wants to offer advice to his forum members.

[uswa56]

I personally never understand how to trade in real life. I mean buying/selling real goods to real people is not favorite. I realized that people who can sell are always better with getting rich. Only option I have is to trade online. As OP said its nearly impossible to get rich meanwhile you are supporting a family. My only advantage is that because I am single and mainly I don't need to support anyone other than myself.

Maybe because at this time you are still alone so there are not many burdens or responsibilities that are your responsibility, that is an advantage to be able to continue trying to enrich yourself or build assets when you are young and what you have to realize is that in this life one day we will definitely have a partner and have many responsibilities.
Regardless of the skills possessed, I think everyone has different skills whether trading online or in real life, but I'm sure that's not an obstacle for us to get rich.
And also there are many other ways that can make us rich, especially if we trade online, especially trading crypto, which has significant price movements that allow us to be able to take big profits and also have free time to be able to earn extra money elsewhere / real life .

[Juse14]

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.

I agree with you and I also do not accept that family is used as an obstacle to success. Family is their top priority who always supports me so that I can achieve success. And to achieve success itself apart from internal encouragement (from within ourselves) we also need external encouragement (from outside) and family is one of the driving factors.

Apart from wealth and financial freedom what I am after is happiness and blessings of life. My happiness lies in my family and the people I love and blessings lie in the prayers of my parents and how useful we are for other people, especially for the people around us, including family.

[mirakal]

Having a lot of responsibilities may sometimes deprived us from enjoying life at its best. Simply because instead of  saving and investing our money to those who have potentials for future growth, we end up spending them so we can fulfill our responsibilities to our parents or siblings. However, I really believe it’s just a matter of money management and self-motivation to take some calculated risks if it’s what going to give your life a big financial break. By not being fearful and be more greedy to grab opportunities that come, then eventually you will achieve financial security in its perfect time.

[Cookdata]

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.

No man, this doesn't sound right, it's like you are trying to run away from family responsibility. Whether you are a married or married to or just a single person who live alone, you have a family to look up to but there should be a limitation to this, just because you're are a bread winner or perhaps the only person who the family depends on doesn't mean you will put every responsibility on your head, you have to take the necessary ones and ignore the rest, they should take of the rest.

Would you abandon your family when they are sick because you are looking for money to become rich, will you abandon them when they are hungry; just provide them with the basic requirement of a responsible person and face your life after that. This is why you people who take the responsibilities of the families hardly reveal what they earned because doing, they will always bring all the problems to you as they know what you are worth and the pay check you get after every 30 days.

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.

Knowing the difference between what you need and what you want is very important, as the right time to do and the wrong time to say no, but then because you are trying to invest in business doesn't mean you shouldn't take care of yourself, you need to stay healthy, eat a good meal, hangout and have time with others because how I understand the use of been trying to be a wealthy person and I cannot have that my life, never! I will live it to the fullest but it's going to be in a responsible manner.

[demonica]

About the family thing, it's easier said than done. I am aware of the fact that taking the responsibility to provide for your family once you start earning won't help you to grow financially. It's very evident here in my country with this kind of culture. They end up staying where they are when they first started because they weren't able to help themselves to go up because they got the obligation to help their families. But in reality, it's not really that easy to not help your family. You can still help but you and your family should know the limit so you can also grow financially as an individual.

[Kelvinid]

I believe that all of us wanted to become rich but unfortunately, not all are become successful in our dreams and wants and this is because we don't have equal chances of getting it. What I mean is that not all are destined to become rich because of so many factors - money, skills, mindset, and education. As we can see, the rich people become richer while the poor people become poorer. Of course, we all are working hard every day in order to meet our needs but guess what, our lifestyle and poor financial management will bring us down.

[o48o]

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.

Investing isn't a magic bullet that makes you rich. And it all depends what kind of life is worth living to you. Because avoiding your liabilities, just because you want to be rich isn't going to sit well with your relationships. If you want to blame your family that you are not rich, then you can do it by all means, but don't be surprised and blame your kids if they won't talk to you when you are old.

Investing time to my family has been way more healthy for me then investing to cryptos back in time. I mean sure, more than enough money was cool, but i was still investing time to my friends and girldfriends. Just because i am broke now, that has nothing to do with by responsibilities, but all to do with bad decisions i made with my investments. I am man enough not blaming anyone else for that.

And i know i can rise from this as have done few times now. All it takes is correct timing, passion and patience.

[dothebeats]

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.

Investing isn't a magic bullet that makes you rich. And it all depends what kind of life is worth living to you. Because avoiding your liabilities, just because you want to be rich isn't going to sit well with your relationships. If you want to blame your family that you are not rich, then you can do it by all means, but don't be surprised and blame your kids if they won't talk to you when you are old.

Investing time to my family has been way more healthy for me then investing to cryptos back in time. I mean sure, more than enough money was cool, but i was still investing time to my friends and girldfriends. Just because i am broke now, that has nothing to do with by responsibilities, but all to do with bad decisions i made with my investments. I am man enough not blaming anyone else for that.

And i know i can rise from this as have done few times now. All it takes is correct timing, passion and patience.

I fully agree with you. Yes, investing is one way to make someone rich but it is not an overnight thing where you'll be rich once you decided to invest your money. It takes more than that. There are people who decided to not start a family, and keep their relatives away but still find themselves broke. While there are those who are invested in their own family but are doing so well financially.

[Marykeller]

Before assisting a family, one must not first be in a position of financial stability. Do what you can to support your family, rather than wait till when you have your own business or company. Your family is not expecting you to take on all of the responsibilities for the family, but there are some independent contributions you may make to keep your family running that won't prevent you from achieving your goal of financial independence. 

You need to focus on making your costs in order to reach a certain level in life. You can budget a certain amount each month and stick to it for difficulties with your family and yourself. By doing this, you'll be progressively achieving your aim of putting yourself in a position of financial stability.