Reason why you will never become rich

[Ryu_Ar1]

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.

In terms of investment, it should also be noted that not all can really become rich in investment.
Many people know about investment but only a handful of people know how investment is carried out because of course we must also be aware that investment is not all that can do it even though investment is one of the ways we can improve economic conditions.

There is a lot to learn because investment is not only that we save money within a certain period of time and then get a profit considering that we also have to know which ones are worth investing in and which ones are not.

[Jody.Drummer]

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.

What you mentioned could be one of the reasons why it is difficult for someone to become rich or achieve success. I agree with this, besides the destiny we need, on the other hand there is also hard work that we must do. But in my opinion with tireless hard work we will indirectly be able to pick up the destiny of success that comes. but that's only for people who really want to do it to achieve their dreams. Skills and mindset are also very much needed, I often see that rich people always live simply, they don't really want something they can't develop anymore. For example, they buy things with a very fantastic value, if we look at it at first glance it is a luxury without us realizing that it is one of their businesses in collecting goods and then a few years later they will sell it at a price 10 times higher. Rich people are very good at managing their finances because they have gone through all the processes in achieving it so they become someone who will always take advantage of all opportunities for profit.

[bussybuddy]

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 things I feel are unnecessary that a person can spend on can be luxury items or have no real value, like designer fashion, expensive cosmetics, the latest electronics and other items. unnecessary consumer products. This is where you need to be able to distinguish between things that are absolutely necessary and things that we only buy because of social trends, peer pressure or advertising. When spending, we should prioritize investments in personal development, such as study, health, travel or savings to create a stable financial future. Those are the things that are needed to ensure your financial stability in the future.

[Finestream]

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.

Carrying responsibilities are actually normal for a responsible son like you or me. The least thing we can do is to work hard and be more motivated to achieve our goals because if we can have more then we can give more to them. And by becoming rich at some point, that is everyone’s dream. We work hard and persevere in life so that all our efforts will paid off in the end, and definitely become rich and progressive. So if we can deal positively with our responsibilities in our family, perhaps we can also use it to inspire us more to work and prosper.

[Maslate]

The clear reason why we will never become rich because we are not willing to do it in the first place. We are not ready to take some risk that will eventually bring a lot of positive changes in our lives. Some may dream to becoming rich, but their efforts are not enough but only limited. However, in my own point of view, becoming rich may take a lot of process before it will sink in to me, but at least becoming financially secured at some point is what I am working at the moment so I can still live a comfortable life.

[Oilacris]

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.

Carrying responsibilities are actually normal for a responsible son like you or me. The least thing we can do is to work hard and be more motivated to achieve our goals because if we can have more then we can give more to them. And by becoming rich at some point, that is everyone’s dream. We work hard and persevere in life so that all our efforts will paid off in the end, and definitely become rich and progressive. So if we can deal positively with our responsibilities in our family, perhaps we can also use it to inspire us more to work and prosper.

Yes, it is really just not right that you would really be turn out to be selfish on the time that you do graduate or finish up your studies. You should always be considerate on helping out your parents on taking some responsibility as a form of giving back.Although its not really that something needed or required but as a responsible son or really that have mind on things happening around then you wont really be that dumb on not to see those sacrifices that they had made out. You cant just turn your back and do nothing for you to help them at least but of course there would really be limitation
when it comes to help because you are also creating or trying out to establish yourself so that on the time that you do decide that you would build your own family then it is really just that right that
you should really be trying out to save and build up your own future.

There are really things which needs to be controlled nor be stopped for your own good.There would be a specific time that you would be needing to stop on supporting and mind your own life.
As long you have done your part then they cant blame you out if ever you would decide on doing for good and mind your plans and achieving on what you do have in mind.
No parents or guardians who would be stopping you on your dreams.

[alastantiger]

I'll tell you the reason why some people will never become rich in addition to what you have written.
+ They are consumers and never producers. In this digital economy, they spend so much time on the internet consuming the contents of other social media influencers. While they are putting money in the pockets of these guys, they are never making any money. Just wasting their time.
+ They have refused to learn a skill or improve on themselves. The skill I am talking about isn't even a tech skill but some basic skill that can be learned quickly and be put to work before becoming advanced. Likewise, they fail to improve themselves.
+ Last, they are too distracted. A lack of focus resulting from lack of clarity. Once they can get their act together, they'll start attracting wealth easily.

[macson]

snip

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.

very true in some areas, breaking away from dependence on family is very difficult, you will be labeled as a disobedient person if you are unable to help your sibling who is in trouble, even though you yourself are in need of help, being independent is really better.

apart from that there are some people who when they get a lot of money they immediately buy the latest car or smartphone, to be honest both of them are liability products and in the next few years it is possible that the expensive purchased goods will become worthless, investing is something that is very mandatory in many people do today.

[Pejoh Asu]

In my opinion, rich and poor are a mystery that we cannot control, facts in life are of course very diverse, rich people do not depend on education, intelligence, heredity and so on, I have friends who at school have bad grades and there are friends who always have grades nice, disciplined and always get rankings, but life nowadays is that the stupid ones are rich and have employees while the smart ones are still poor and only get minimum wage salary.

[xSkylarx]

The clear reason why we will never become rich because we are not willing to do it in the first place. We are not ready to take some risk that will eventually bring a lot of positive changes in our lives. Some may dream to becoming rich, but their efforts are not enough but only limited. However, in my own point of view, becoming rich may take a lot of process before it will sink in to me, but at least becoming financially secured at some point is what I am working at the moment so I can still live a comfortable life.

The only key really is taking risks; that is the only key to getting rich, but lots of people, even myself, are staying in their comfort zones, meaning we are scared to take risks or we have just other reasons, like we don't take risks because of failure, meaning if we fail, we don't have a backup solution and we would starve, including our family. If we have a backup plan, we will take those risks and try our luck to see if they are worthwhile.

[dothebeats]

The clear reason why we will never become rich because we are not willing to do it in the first place. We are not ready to take some risk that will eventually bring a lot of positive changes in our lives. Some may dream to becoming rich, but their efforts are not enough but only limited. However, in my own point of view, becoming rich may take a lot of process before it will sink in to me, but at least becoming financially secured at some point is what I am working at the moment so I can still live a comfortable life.

The only key really is taking risks; that is the only key to getting rich, but lots of people, even myself, are staying in their comfort zones, meaning we are scared to take risks or we have just other reasons, like we don't take risks because of failure, meaning if we fail, we don't have a backup solution and we would starve, including our family. If we have a backup plan, we will take those risks and try our luck to see if they are worthwhile.

You have a point here. Most billionaires are willing to take risks in order to open new doors for their businesses and connections. However, unfortunately, some of us cannot afford to take that much of a risk as it may put us in uncertain situations that can cause problems to our finance and family. It will be hard for us to stand back up or if worse comes to worst we take loans and end up with more problems to deal with.

[Litzki1990]

How to use money and how to protect money can be one of the main reasons behind whether one becomes rich or not. Getting rich is a very difficult thing for those who have a habit of spending too much money. Even after earning a good amount of money every month, when you don't have enough money at the end of the month, you need to understand that your spending is high and you need to control it. Money is very important for every moment of life, so money should always be taken seriously. There is no point in spending money without additional needs. If you can't reduce your money expenses even after trying hard enough, then one month you will not accept salary and one month salary you will hand over to your mother and one month you will try to live very hard. When you try to live without money for a month, you will understand how money can last a lifetime.

[Peanutswar]

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.

We cannot deny that there's kind of culture in that way on the first statement most of the family members keep supporting each other so they contribute their money even though they don't have left on them and I feel that situation too its one of the responsibility that we cannot remove unless you want to focus in your self, another thing is make your self educated with the investment and change your lifestyle, one of the best examples is there's a person who knows investment properly with their money, but the other one keep making a lifestyle inflation too which is their expenses increase and not to keep making an investment in the future.

[AicecreaME]

I agree.

Cutting ties with toxic family is the best thing to do to save yourself and to bring bright future for your own. Being used by toxic family like making you their retirement plan is the worst thing ever, because you have no responsibility or whatsoever to be their retirement plan in the first place. It's not bad to help them but to the where they are obligating you, that's a red flag.

It's not gonna make you rich instantly but at least your mental health is safe without toxic people in your life. A healthy life and a clear mind will always bring you something good.

[Razmirraz]

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.

I do not agree if you are stingy with your family for the sake of material pursuit to achieve financial freedom, family includes parents, siblings and wife. They are all people who always care and support you from being nothing to becoming a successful millionaire. The success you have achieved is thanks to your hard work, I agree with this, but the role of family cannot be separated from the success you have achieved. For me personally, I will do anything to help my family even if I have to postpone success.

Family is one thing that cannot be separated from our lives, helping your family doesn't mean you don't know how to manage your finances. There is a very emotional relationship that cannot be separated between a person and his family, never forget the people who have contributed to your life just to pursue financial freedom, wealth is important, family is far more important.

[rat03gopoh]

How much ownership is worth someone who is considered rich?
In my own area, the criteria for (so to speak) rich people are in the lowest strata:

• People have no debts.
• Able to maintain his family life.

The thing is wealth is a relative thinking, I personally will take this simply. If I can enjoy what I produce as I desire, that is true wealth. Today many people are rich materially but they are actually attached.

[khiholangkang]

How much ownership is worth someone who is considered rich?
In my own area, the criteria for (so to speak) rich people are in the lowest strata:

• People have no debts.
• Able to maintain his family life.

The thing is wealth is a relative thinking, I personally will take this simply. If I can enjoy what I produce as I desire, that is true wealth. Today many people are rich materially but they are actually attached.

Wealth is indeed subjective, depending on one's personal view of wealth, say it like what you gave an example that simply not having debt and being able to support a family can already be said to be true wealth, that's true and I agree with your thoughts, but maybe it's more precisely this is based on the general view of the economic class which has certain categories in its assessment, such as income levels, education levels, various needs that you can fulfill without thinking about payment because you have a high income from your job or business.

And achieving general socio-economic welfare is indeed quite difficult and some of them have barriers to reaching that point, such as laziness, not wanting to study, not doing more work or no investing and so on.

[Vaskiy]

Making yourself independent from family than having more dependents could be a reason to stop a person turning rich. The basic thing is the acceptance of the people. Poor people were surrounded by the level of people and they come to a conclusion this is how life needs to be. Lets accept and move on, and this needs to change. Next major thing is the lack of knowledge, and they earn someway but don't know how to use it in a wiser way or how to invest properly. Maybe one these things could change overtime.

[Onyeeze]

Some of our article we write in the forum happened in real life, i such love like this article because it's looks like what that happened in a real life and what op stated is one of the following things that brings some people down, what I know concerning  the statement is that family challenges doesn't bring people up and what it does is to bring people down and if you are not careful enough in family problem it will make you to poor, it should be good for you to know that family problems suppose to cut off from your path if you want to succeed in life. One of the things is that you have to your to be pure and that will make a rich to continue to be rich because you have identify your path

[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.

We cannot deny that there's kind of culture in that way on the first statement most of the family members keep supporting each other so they contribute their money even though they don't have left on them and I feel that situation too its one of the responsibility that we cannot remove unless you want to focus in your self, another thing is make your self educated with the investment and change your lifestyle, one of the best examples is there's a person who knows investment properly with their money, but the other one keep making a lifestyle inflation too which is their expenses increase and not to keep making an investment in the future.

Sooner or later, you would really be making out those self realizations that you must really be having that kind of savings for yourself in terms or in talks of future because giving it all would really lead you nowhere

and on the time that you are the ones who would really be needing then you would really be finding yourself on huge problem since there's nothing left on you.This is why you should really be not able to forget on what are the important things.There should be always a limitation and i do agree in some words that you must really be tending out to set those lines because you cant just gave out everything like forever.
Its true that there would really be that sense of responsibility on to your family on the time that you do finish your studies and able to get your job which it isnt really that wrong
but we know that if everything is been given out on the sense that there's nothing left then this is where bad things happen.

You wont really be seeing yourself to be that progressive if you do lock up yourself on such condition. Always be that considering on having that kind of mindset which is something
that would really be good for you.