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

[Princess Leah]

I beg to disagree OP. Rich people will be more obsessed with their wealth and properties so they won’t waste opportunities to increase their wealth accumulation. That’s actually the fact. Same like poor people, or poor companies, they will do everything to level up and gain more financial achievements.

However, if we are talking people here that aren’t aggressive or obsessed about creating more financial stability and security, they will definitely lost their current status. Rich people will become the poor ones in less time, while poor people will become even poorer in the society.

The lifestyle and mentally of the rich needs to be studied, because the difference that exists between these two categories of people vary on a long term and they cannot be compared based on Thier activities and qualities.The ideal transformation; which depends on the allocation of funds and ideas will definitely be upgraded for more growing status and financial experience.

Great! The mistake with low income earners is their failure to associate with the rich. Why is it that most people don't like that rich man in the society? Instead of emulating the life they lead and what kind of business that helped them climb the top Echelon in financial control, they prefer to make comparisons.

Nothing makes the difference other than the fact that the mentality of the rich is far ahead of those who run smaller amounts of money. The risk factors and challenges the rich face to place their funds under control may not be handled by most low income people.

I see some good points in your statement but sometimes it's not about lifestyle and mentality, their are some societies where rich people see themselves as gods and command control over the poor living around them, they make sure the poor remain impoverished so as to remain under their control therefore I think it depends on the society where a poor person find themselves in if the poor are surrounded by rich people with such cruel mentality then it would be quite difficult to emulate and learn their businesses to get rich.

 Most poor people are smart just that they lak financial support or an opportunity to show what they're made of. Also, I want to disagree with the OP that the rich would always look for a way to get richer other than going back to poverty only way the rich could go broke is when they mismanage their businesses.

[tabas]

One thing as an advantage is if you're rich and your money is in cash and in the banks, you might have some problems if ever the bank that keeps your money gets in rap. The global economy is still uncertain and that's why money that's kept in the bank is unsure. So, you're not going to choose that. Money that's kept in Bitcoin is safer because you hold and have your own money and if something goes wrong with the global markets, you're still as f because you can simply do nothing while your asset is safe and kept in your wallet or hardware wallet. The rich are getting richer because they diversify and they don't focus on one thing. But at the beginning they have one big source and vehicle of income and when they're able to pile up some huge amount of money, it's true that one way to become wealthier is to buy other assets and businesses.

[retreat]

No.

If you're rich, you can be poor, and then you can back become rich after few years. This is because you're already have a relation with rich people which can support you when you're at the bottom.

If you're poor, you can be rich, but it takes more effort, risk and sacrifice many thing. You're stopping to lend your money to your close friends, you're stopping to give all of your money to your parents etc in order to be rich. Many people can't do that, they don't mind to live with their toxic parents.

Agree with what you said. It is faster for rich people to get back on their feet if they become poor, because they have capital that they can use, for example such as a better mindset, their network, good at seeing opportunities, and many other things that they can use to restore their situation to be better again, which are things that are rarely found in people who have been poor before. That's why as you said it is much more difficult for poor people to become rich, because they are lacking in many things, even if there are some people who become rich, they must have a better mindset, strong motivation, good at building networks, or because it is their luck to become rich, and not all poor people can be like that.

[bakasabo]

No.

If you're rich, you can be poor, and then you can back become rich after few years. This is because you're already have a relation with rich people which can support you when you're at the bottom.

If you're poor, you can be rich, but it takes more effort, risk and sacrifice many thing. You're stopping to lend your money to your close friends, you're stopping to give all of your money to your parents etc in order to be rich. Many people can't do that, they don't mind to live with their toxic parents.

Agree with what you said. It is faster for rich people to get back on their feet if they become poor, because they have capital that they can use, for example such as a better mindset, their network, good at seeing opportunities, and many other things that they can use to restore their situation to be better again, which are things that are rarely found in people who have been poor before. That's why as you said it is much more difficult for poor people to become rich, because they are lacking in many things, even if there are some people who become rich, they must have a better mindset, strong motivation, good at building networks, or because it is their luck to become rich, and not all poor people can be like that.

How can this be possible? When rich person turns poor, he does not have that capital he could use to get back to being rich? You can be poor and still have a lot of money. I believe in following, if a rich turns poor, he always end with having large debts. Even if a person had millions, lost them and end with last 10k. With that much money, he wont be able to become a millionaire again. Only a lucky number of rich people managed to return after being broke. In digital age, when everyone knows everything about others and reputation matters, I doubt that many would believe in former millionaire ideas and start-ups, or help him. If a person wasnt able to keep and save his fortune from losing everything, then why would anyone trust him money? Reputation is already spoiled. Dont forget that people are very selfish and selective. Once millionaires were friends, but when one of them turn poor, they are not friends anymore.

[Fara Chan]

The lifestyle and mentally of the rich needs to be studied, because the difference that exists between these two categories of people vary on a long term and they cannot be compared based on Thier activities and qualities.The ideal transformation; which depends on the allocation of funds and ideas will definitely be upgraded for more growing status and financial experience.

I also agree more with that because basically every lifestyle and way of thinking of the rich needs to be seen and studied in more depth so that we can know about the mental level of a particular rich person. Because in terms of mentality, the way of thinking and also the lifestyle will clearly not always be the same between one rich person and another. So studying it slowly is a good thing, especially since every lifestyle and behavior of the rich is also greatly influenced by their surroundings.

[Mame89]

Agree with what you said. It is faster for rich people to get back on their feet if they become poor, because they have capital that they can use, for example such as a better mindset, their network, good at seeing opportunities, and many other things that they can use to restore their situation to be better again, which are things that are rarely found in people who have been poor before. That's why as you said it is much more difficult for poor people to become rich, because they are lacking in many things, even if there are some people who become rich, they must have a better mindset, strong motivation, good at building networks, or because it is their luck to become rich, and not all poor people can be like that.

Agree with what you said. Rich people mostly bounce back quickly after falling compared to poor people who want to be rich. This is all of course because being poor is a very unpleasant condition, so people who were previously rich will definitely try to become rich again to get their original condition or a financially comfortable condition.

That is why when rich people who fall into poverty can get out of poverty faster because they are people who are used to reading opportunities, have networking, have a progressive mindset, and do not give up easily on circumstances.

Because for them the most valuable asset is not money, but the most valuable assets are knowledge, networking, trust, and reputation. It's like when a rich person suddenly falls poor, he could lose all his tangible assets but his intangible assets will not be lost.

[HelliumZ]

OP, I can't come to 100% agreement with you on this because there are some exceptions but in most cases rich people never become completely poor. If you look at the life history of rich people, if they are at a loss one year, then the next year they find the cause of the loss and solve it, and later recover the loss and make a profit. Before rich people or entrepreneurs come from top level to zero level, they must analyze the reasons for that fall and rule out the possibility of coming to zero level later.
However, if poor people have the right guidelines, business models, and entrepreneurial spirit, the chances of them becoming rich soon increase greatly.  But it is not possible to say with hundred percent certainty that all rich people will become poor.

[justdimin]

The lifestyle and mentally of the rich needs to be studied, because the difference that exists between these two categories of people vary on a long term and they cannot be compared based on Thier activities and qualities.The ideal transformation; which depends on the allocation of funds and ideas will definitely be upgraded for more growing status and financial experience.

I also agree more with that because basically every lifestyle and way of thinking of the rich needs to be seen and studied in more depth so that we can know about the mental level of a particular rich person. Because in terms of mentality, the way of thinking and also the lifestyle will clearly not always be the same between one rich person and another. So studying it slowly is a good thing, especially since every lifestyle and behavior of the rich is also greatly influenced by their surroundings.

Also, not all humans are same and that is why we can't just say that all rich people are the same and all poor people are the same, they are not and they are all different and can't be considered all that bad.

Having multiple different approach to this has to be a very key figure into crypto investment as well, not everyone can invest the same way and get the same result, a method of investment could make me rich and make you poor and another could make me poor but make you rich. That is why I always warn people about strategies, they are looking for the perfect strategy based on what others got success with, but the reality is that we are not going to get the same result at all, so we should avoid using others as example.

[Onyeeze]

I don't know what give you this idea or courage to make this kind of comment towards richness and the poor persons comparison, it is looking somehow for you to say so but I believe that we have to understand some certain thing towards life it is lack of management and lack of controller wealth that can make a bridge person to be poor so it is impossible for rich person to people because the rich person have their high level of understanding of risk of making money someone who is poor can't take a risk to make money compare to someone who is rich already who knows the plans of getting money who knows the ways of getting money so I am not confused with this theory you give to us I will still come back to this thread.

[mamesso]

If there is liquitity Crisis then small business is ok.

The liquidity that you are discussing in Op can be interpreted in a broader understanding as one of the factors that determines the success or failure of a company or business, I do not find any reason if there is a liquidity crisis then small businesses will be fine. Overall, when a crisis occurs, all parties will be affected, some are able to survive depending on how they handle liquidity risks and some give up because they are unable to survive.
Rich people can go bankrupt at any time, but they will try to rise again by relying on their experience and relationships to become rich again, this cycle often occurs and it doesn't take long for them to do it.

[Oluwa-btc]

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.

Please what school of thought does this comes from and how can you prove this, and I think the thinking is so lame but what I know is that it's quite hard to see the rich become poorer but you can find the poor trying to be rich and it happens based on human planning more especially if the rich don't invest more on assets and plan so well they might lose their wealth but there's nothing like rich will be poor .

[Wonder Work]

However, if poor people have the right guidelines, business models, and entrepreneurial spirit, the chances of them becoming rich soon increase greatly.  But it is not possible to say with hundred percent certainty that all rich people will become poor.

Yes, you are right because rich people will become poor and poor people will become rich. This is possible only when the rich make wrong decisions in their personal lives and the poor come forward with the right decisions. Then the combination of this can happen like this. But if the rich people constantly work well to maintain their position, then they will not be poor. And there are many poor people who do not do the necessary work, live a life of laziness and do not do what needs to be done to get out of poverty, they will never be able to get out of poverty no matter how hard they try.

The rich become poor when they cannot do their next work well. And the poor become rich only when they work hard from a poor state and come forward properly and later they become rich.

[ancafe]

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.

It is not as simple as it is said because in conditions like now, large companies are much easier to survive compared to small businesses that are run by some people. The collapse of a company is caused by many things but if the financial structure of the company is good then in a liquidity crisis it will be much easier for them to survive.

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.

When a company is involved in excessive debt, it is certain that they will face problems in that condition, but if the debt in question is smaller than the amount of financial value in the company, it will be much easier for them to adjust. Companies also calculate their finances as a whole for the annual period so that they will try to adjust workers, company needs and other invaluable money that they need.

Companies have financial standards that they continue to achieve in the development stage and they will evaluate sales targets. When this does not go according to plan, that's where the company will go bankrupt and maybe they are unable to adjust in the midst of so much competition.

[Xcode7]

However, if poor people have the right guidelines, business models, and entrepreneurial spirit, the chances of them becoming rich soon increase greatly.  But it is not possible to say with hundred percent certainty that all rich people will become poor.

Yes, you are right because rich people will become poor and poor people will become rich. This is possible only when the rich make wrong decisions in their personal lives and the poor come forward with the right decisions. Then the combination of this can happen like this. But if the rich people constantly work well to maintain their position, then they will not be poor. And there are many poor people who do not do the necessary work, live a life of laziness and do not do what needs to be done to get out of poverty, they will never be able to get out of poverty no matter how hard they try.

The rich become poor when they cannot do their next work well. And the poor become rich only when they work hard from a poor state and come forward properly and later they become rich.

It is very possible to happen because in this life it is not just fixed like that, everything will happen with hard work or decisions that we take, there have been many examples that have occurred in this world when someone was born into a poor family but with the hard work he did made his fate change in the future and on the other hand it also often happens that rich families can go bankrupt because of the mistakes they make, so the point is that being rich or poor is quite vulnerable to bear fruit.

[Republikcoin.com]

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Please what school of thought does this comes from and how can you prove this, and I think the thinking is so lame but what I know is that it's quite hard to see the rich become poorer but you can find the poor trying to be rich and it happens based on human planning more especially if the rich don't invest more on assets and plan so well they might lose their wealth but there's nothing like rich will be poor .

Obviously, I think it is very clear because what you said is very real and we can see it clearly in life where rich people are always harder to become poor if those who are already rich continue to work smart by targeting new things and also by implementing new ways in order to continue to have the opportunity to remain rich. But for poor people who are trying to get rich are people who we also often see more clearly in life because they will basically continue to struggle through hard work before implementing smart work when they are rich one day.