If you rich you will be poor If you poor you can be rich

[Dr.Bitcoin_Strange]

There's a saying that, "we use money to source for more money. " That's to say, if there's liquidity crises like you said, it's not the poor that will get rich but rather some person that have the financial capabilities to buy back the shares or assets will become richer than they were. For example, let's say a poor man is worth $3k and if the price of an asset get undervalued from $20k to $8k, the man that has $3k can not still be able to afford it but rather those that has the financial status can afford it.

[SmartGold01]

Hey did you by any way involved yourself to hard drugs?
Because I seems not to understand your logics and sense of reasoning, how will the rich becomes poor if there is economy crisis?
To me the only thing possible is that the both will highly affected and more especially the poor because they won't have a sufficient cash or resources to sustain themselves unlike the rich people who have all necessary amount of money stored in their account, so even if there is any crisis or liquidity issues as you said they won't be affected.
And how will the poor buying more companies if they don't have money stored in their account, how would the poor becoming more richer than the rich people in the scenario?

[lixer]

I can't understand what you mean, but I can say the philosophy you put into the title is a big mistake.

Maybe he thinks that rich is already rich, so they can only get poor this time. Same goes with the poor. They are already poor, so they will only get rich this time. Both parties will find it hard to adjust but for those rich who care less, it is only easy. They will only spend their money recklessly.

Let's look at the facts, the rich have become richer in recent years.
As long as they control their wealth, they will never become poor in this system.
The poor will need a great chance to become rich, they will not be able to become rich easily. How can poor people become rich when they have so many disadvantages?

Yeah, the OP is wrong because it is actually like that. Rich can get more rich while the poor can become more poor. This is because rich do already have the boost. They have the capital (huge amount of money) that they can use to build more money. Poor people can only make small amount of money and they still need to prioritize other things than investing and things that will generate them a profit.

Rich are good in controlling their wealth and that is why they became rich. I'm not saying poor can't do that. It is not the reason on why they are poor but they usually inherit it. A lack of money can indeed lead for so many disadvantages but poor must have a trait that a rich person doesn't have. I don't mean negative traits here. A rich person can still wish that they have that and it is even crazy that they can wish that will only be poor, though it is not necessary and they still can have those traits even with the current status they have.

[justdimin]

Hey did you by any way involved yourself to hard drugs?
Because I seems not to understand your logics and sense of reasoning, how will the rich becomes poor if there is economy crisis?
To me the only thing possible is that the both will highly affected and more especially the poor because they won't have a sufficient cash or resources to sustain themselves unlike the rich people who have all necessary amount of money stored in their account, so even if there is any crisis or liquidity issues as you said they won't be affected.
And how will the poor buying more companies if they don't have money stored in their account, how would the poor becoming more richer than the rich people in the scenario?

Took me 5 times reading before I understand completely. Here is a summary of what he is trying to say; if you have cash on your hand, then you can get rich in the upcoming days, if you don't then you can bankrupt. What he means, we will have liquidity problems, sure money is online, but everyone is invested somewhere or have debts and what not, not everyone have cash liquid at hand ready to spend on things, everyone has debts and investments.

So, if liquidity becomes a problem and OP thinks it will be, then even if you are poor, like lets say only have 10k cash in your hand, people with millions of dollars in investment will be in trouble when you won't be. Obviously the gap may not be that drastic, but someone with cash on hand, will get richer, while people who don't have cash, could bankrupt even if they are rich.

[Jody.Drummer]

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

But If you are rich you lose ofc If you like super rich you don't lose but If you are just average company for example construction company you will go bankcrupty and you might own the debt.
So those who got cash waiting now when bigger things fall so they can buy them up.

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.

I don't fully understand what you're saying, but what I noticed after reading it is that poor or lower middle class people can get rich instantly by buying a rich person's company that has gone bankrupt and can't pay its workers, if that's the case I don't think everyone will sell their company when it goes bankrupt, especially if the company has previously grown big, a wise person when facing a problem doesn't give up but they will find a way out, maybe like looking for an investor.
In addition, there may be people who are desperate and want to sell their company immediately when they are in trouble but not everyone is like that, especially those who have started from the beginning I don't think they will do something like this because they themselves have struggled from the beginning so they will likely find solutions and take advantage of existing opportunities.

[Jawhead999]

I don't fully understand what you're saying, but what I noticed after reading it is that poor or lower middle class people can get rich instantly by buying a rich person's company that has gone bankrupt and can't pay its workers, if that's the case I don't think everyone will sell their company when it goes bankrupt, especially if the company has previously grown big, a wise person when facing a problem doesn't give up but they will find a way out, maybe like looking for an investor.
In addition, there may be people who are desperate and want to sell their company immediately when they are in trouble but not everyone is like that, especially those who have started from the beginning I don't think they will do something like this because they themselves have struggled from the beginning so they will likely find solutions and take advantage of existing opportunities.

The poor and low middle class people don't even have money to purchase the bankrupt company lol.

Before bankrupt, the company must have been suffering financial crisis and other people already know that because they're required to share their financial report. In this case, usually the big competitors will offer them to buy or acquire their company, what make the business getting bigger is acquire your competitors.

That's why the rich stay rich and poor stay poor.

[Jody.Drummer]

I don't fully understand what you're saying, but what I noticed after reading it is that poor or lower middle class people can get rich instantly by buying a rich person's company that has gone bankrupt and can't pay its workers, if that's the case I don't think everyone will sell their company when it goes bankrupt, especially if the company has previously grown big, a wise person when facing a problem doesn't give up but they will find a way out, maybe like looking for an investor.
In addition, there may be people who are desperate and want to sell their company immediately when they are in trouble but not everyone is like that, especially those who have started from the beginning I don't think they will do something like this because they themselves have struggled from the beginning so they will likely find solutions and take advantage of existing opportunities.

The poor and low middle class people don't even have money to purchase the bankrupt company lol.

Before bankrupt, the company must have been suffering financial crisis and other people already know that because they're required to share their financial report. In this case, usually the big competitors will offer them to buy or acquire their company, what make the business getting bigger is acquire your competitors.

That's why the rich stay rich and poor stay poor.

The last sentence is good my friend, I heard that sentence from a song in my country haha.
Lower middle class people, even though they have savings to open a business, they don't want to take big risks because buying a big bankrupt company certainly has to be considered, with the lower middle class, of course the amount of savings is minimal, maybe enough to buy it but not for the cost of operating it again so that it runs smoothly again, there is a possibility that if this happens, they will take out a large loan from the bank.
In addition, lower middle class people seem to think more about themselves, they have to survive, meaning they don't think too much about the long term, just meeting daily needs is good. So when they are going to spend a lot of money, it will be a burden on their minds that must be considered very well.

[Mr. Magkaisa]

           -      I do not agree to OP, specially here in my country. Where rich becomes richer and poor become poorer. The effect when oligarch control the economy of your country,
where Politicians and corrupt and money is the mean of anything a sad reality


Small business is really good and i hope people will not stop on their dreams that someday, one day! it will be big!

[yhiaali3]

So what do you suggest? Do we sit idle and wait for the economic collapse that will make money move again? This is a strange economic theory.

But yes. In every crisis, whether economic or even in the case of wars, there are winners and losers. For example, in my country there has been a war for years and as a result of the war there was a major economic crisis that led to the bankruptcy of many wealthy people, but at the same time there are some people who got rich from the war and became millionaires even though they did not own anything.

[Adams0001]

Those who are rich and can use wealth properly and balance expenditure with income will never be poor. But it is different for those rich people who cannot use their wealth properly, lose money in gambling or other sectors and become bankrupt.
Yes but poor people can definitely become rich if they are disciplined, hardworking and enterprising enough. Hard work takes any person to the pinnacle of progress.

Any rich person will look for ways to increase their fortune, which is why many wealthy individuals purchase land and engage in businesses that will increase their wealth at any moment. So, how can a rich person become poor when they are involved in various businesses? I believe the OP is attempting to convey the idea that affluent people gain richer and poor people become poorer. Poor people can become wealthy if they work hard and achieve their goals, but it is unusual to discover a wealthy person who is poor, because no one has to look back, unless what they are doing no longer works and they did not foresee when they would be able to invest and do business. In my nation, the affluent people enjoy and have numerous firms that generate cash for them, and I don't believe they can be poor anymore unless their companies stop working and he will be very hard. So, Op, what you stated was unbelievable, and I disagreed with it. rich people are enjoying because they do not see the misery, while the poor are aggressively urged to leave.

[Marvell1]

Lower middle class people, even though they have savings to open a business, they don't want to take big risks because buying a big bankrupt company certainly has to be considered, with the lower middle class, of course the amount of savings is minimal, maybe enough to buy it but not for the cost of operating it again so that it runs smoothly again, there is a possibility that if this happens, they will take out a large loan from the bank.

Using savings to buy a bankrupt business is considered a bad idea in business. Most people who like to buy bankrupt businesses are mainly other businesses, maybe even their competitors because they can merge into existing businesses to expand their market. But for someone who has never been in business and intends to start a business, opening a business on their own is much safer and better than buying a bankrupt business.

In addition, lower middle class people seem to think more about themselves, they have to survive, meaning they don't think too much about the long term, just meeting daily needs is good. So when they are going to spend a lot of money, it will be a burden on their minds that must be considered very well.

Are you in business or running a business? And are you a high-class person? How do you know that people in the lower middle class have no dreams, no intention of starting a business and escaping poverty?

Starting a business is much more difficult for the poor because they have to consider and prioritize other needs in life. You can't start a business when you're struggling to put food on the table for your family every day, so there's nothing wrong with poor people prioritizing their daily needs.

Everyone has a dream of becoming rich but not everyone can easily realize their dream or have the courage to step out of their comfort zone for many reasons. Not all poor people are cowardly or lazy, and not all rich people are talented.

[landheer]

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

But If you are rich you lose ofc If you like super rich you don't lose but If you are just average company for example construction company you will go bankcrupty and you might own the debt.
So those who got cash waiting now when bigger things fall so they can buy them up.

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.

I think that rich people will get richer when the economic situation becomes more difficult because they always have large capital reserves. They became rich because they had more information and because they had better preparation. They always have a backup plan. and those who are tested most harshly are those in the middle and lower layers. because for the middle to lower layers, sometimes they only have one layer of capital and no reserve capital. So when they go bankrupt, sometimes their business really ends. and the lower classes are even more miserable. they even only think about surviving and earning money to meet their daily needs. they know they have to make preparations but they can't on a small salary.

[jcojci]

When crisis comes, those rich people can still survive but not for poor people because they will see the situation becomes difficult and hard to continue their life. Small business maybe can still survive but that will depends on how they can adapt to the current situation.

Most business will shake when the crisis comes whether if that big or small business. So it needs more attention from the owner to search for the way to solve their problem. But rich people can use their capital to buy "almost collapse business" and rebuild that with their plan.

Your title will depends on how people can adapt with the situation and how they willing to get out from the problem. In this matter, every business owner needs to think wise and smart and makes many plans that they can use to survive in the hard situation.

[sarmrakib]

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.

I know during economy crisis is when everyone struggles to meet up , but the truth is that despite how things maybe when the economy is very hard, the rich people even have more chances of scaling through in this hard time. In economy hard time the rich people invest more because they gave the money to go into investment,  it is even the poor people that finds it very difficult to sustain their investment because of difficult economy. I don't think hard economy will totally collapse the investment of the rich. The rich already have that opportunity to build no matter how difficult the economy is.

It is not possible to loose money by rich people. Though if has any economic crisis they cleverly exit before making loss and even makes plan to invest when it is look like profitable for him. Also rich people not invest all his money on a good time and even or bad time. They will always have a plan on safe zone. I think all the risk is for poor people or investor who have no plan just put money on his business. If economic crisis goes he will lost all his everything. I hope rich people have many alternative option they have chance to put a percentage of his money on FDR i mean as interest. They always get money from this area as safely and also able to put this money on new business .So i think this circle never be end and rich people surely become richer and a low chance for poor people or investor to become rich. This is a very difficult financial world and very tough to survive who haven’t enough money or wealth.

[CK485]

When crisis comes, those rich people can still survive but not for poor people because they will see the situation becomes difficult and hard to continue their life. Small business maybe can still survive but that will depends on how they can adapt to the current situation.

Most business will shake when the crisis comes whether if that big or small business. So it needs more attention from the owner to search for the way to solve their problem. But rich people can use their capital to buy "almost collapse business" and rebuild that with their plan.

Your title will depends on how people can adapt with the situation and how they willing to get out from the problem. In this matter, every business owner needs to think wise and smart and makes many plans that they can use to survive in the hard situation.

It is true that many ideas must be thought of in developing a business, in all conditions it is necessary to adjust according to the circumstances, that is how to survive in a business that is built in economic uncertainty, yes it is difficult but poor people it may be even more difficult to survive in conditions like this even though there is hard work that they do.

[Spaceman1000$]

Those who are rich and can use wealth properly and balance expenditure with income will never be poor. But it is different for those rich people who cannot use their wealth properly, lose money in gambling or other sectors and become bankrupt.
Yes but poor people can definitely become rich if they are disciplined, hardworking and enterprising enough. Hard work takes any person to the pinnacle of progress.

I sincerely agree with you, poor people can actually become rich if they put in the hardword, those that became rich didn't just become rich due to laziness or where just lackadaisical about their poor status, they had to put in the hard work. As for being wealthy, I think It's easy to manage wealth if you are well educated and exposed and disciplined, because extravagant life due to the fact that you you think your wealthy will definitely get you bankrupt. so in maintaining wealth, you need to think outside the Box, especially investing on other sources of income, in doing so you will help to keep your financial status afloat, no matter the recession or other economic challenges that might come, you will still be in business.

[Marykeller]

OP, what you should know is that nobody who is thought to be rich or poor, that their financial status remains the same after having a mismanaged or addition of funds.

This is like when you remove a dollar or so from your account; if you don't put back the money spent, the thousand dollars you have is no longer the same. It has been reduced from the previous amount it was before. But if you add money instead, your money multiplies.

However, the same ideology goes for the rich and poor. If you can keep accumulating wealth, your financial status increases. If you keep removing and you are not replacing the money spent, your financial status keeps decreasing from 10-6-5 till it lands to zero.

[Renampun]

...

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.

People who successfully build a business from scratch and struggle for it will certainly not be poor again because they already have the best way to maintain their assets, it is all very different from those who are rich from inheritance or gifts.

Many super rich people say to continue living simply to maintain the stability of money coming in and out because on average rich people fall into poverty because of a lifestyle that is too glamorous, greedy and cheated (whether by business partners, partners or relatives).

[Abu-Naim]

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.

Most rich people get more money during financial crises because they do use DCA method to buy more assets to add to the one they already have because they do always have spare money for such cases, while even if poor person will buy, he will be limited to the amount of money he have which will not be much, and when he uses all his money to buy, there will be no money for upkeep which will triggered them to sell to the rich again because the rich van hold for long till the market recover so that they can sell with huge amount of money.

[Easteregg69]

You already got a giant needle eye and the camel. So much for religion.

Say man. You piece it together.