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Author Topic: What Really cause poverty in an individual  (Read 1378 times)
fuguebtc
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November 28, 2024, 11:03:09 AM
 #141

Poverty is a state of lack and not having something ( money, material, property) that is needed at that present point in time. Globally speaking poverty has been a major issues with the united nations general assembly even giving out time frame to end poverty and improve the standard of living of the world population especially in third world countries where the rate of poverty is higher.
That got me worried and thinking what really makes people to become rich? Let share our opinion on this

Getting rich depends on a lot of factors; there are rich by birth, and there are those who got rich because of luck and the right opportunity.
So whatever situation and place you are in, your chances to get rich depend so much on your determination; its better to get rich through our sheer effort, because if its sheer effort, you will hold on to what you've achieved through sheer effort compared if you got rich through inheritance or through by chance winning a lottery.

But not all people who become rich through inheritance or lottery winnings are unable to keep what they have. There are many people who inherit property and they continue to develop it to increase their wealth and continue to pass it on to many generations to come, and that's how the rich maintain their wealth across generations . For those who win the lottery, many use the money to start businesses and build wealth, not everyone spends it lavishly and becomes poor again .

Therefore, depending on the situation, we should have a suitable plan to get rich , if we are lucky enough to have the opportunity to inherit property or win the lottery . There is no reason for us to refuse because it will help us shorten the path to success .

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November 28, 2024, 11:47:34 AM
 #142

But not all people who become rich through inheritance or lottery winnings are unable to keep what they have. There are many people who inherit property and they continue to develop it to increase their wealth and continue to pass it on to many generations to come, and that's how the rich maintain their wealth across generations . For those who win the lottery, many use the money to start businesses and build wealth, not everyone spends it lavishly and becomes poor again .
One who inherits money is different from someone who has won in a lottery, though. Most likely someone who has inherited wealth has been wealthy for most part of their life and even if they fail they would have back ups whether from family or whatever connection they may have built over the years from being in places where the wealthy resides or socialize. Meanwhile if one is so poor and suddenly got rich overnight from lottery, if he fails it might be extremely harmful for him as he did not have any prior assets before the lottery win that he could fall back on.
Quote
Therefore, depending on the situation, we should have a suitable plan to get rich , if we are lucky enough to have the opportunity to inherit property or win the lottery . There is no reason for us to refuse because it will help us shorten the path to success .
As much as we plan on getting rich, we should plan on what to do after we get rich as well. We need to be prepared for every single situation that may arise as to not fail.

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Gallar
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November 28, 2024, 01:32:36 PM
 #143

~Snip
I agree with this assumption or ideology, because basically everything must start from ourselves, including making ourselves rich. Because how can someone want to become rich, if for example that person does not have the capacity or thinking that is capable of bringing that wealth. The point is that if you talk about mental matters too, of course you can see the difference. Because people who have the potential to become rich have a very strong mentality and it is different from the mentality of people who do not have the potential to become rich. For example, people who have the mentality of being rich, even though they are poor, will definitely try hard to change their lives to be better. Usually people who have the mentality of rich people never seem to get tired, and always seek new knowledge every time they meet new people. Then this knowledge was tried and applied by himself personally. In contrast to people who have a poor mentality, they do not seem to have a strong desire to change their lives, especially financially. In fact, I once met someone who could be said to have a poor financial situation. I asked the person about his desire to change his life. Then the answer that came out of that person, quite surprised me. Because he thought that he no longer had big hopes of being able to change his life. Even though this person could be said to be still young, it is certain that he still has strength and is physically strong. But maybe because his thinking and mentality are weak, he has thoughts like that.

So in conclusion it is very clear, that if we want to become rich, then we have to start from within ourselves. Because as you said, the biggest cause of poverty comes from oneself. So in essence we must continue to have strong desires, beliefs and motivation.

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November 28, 2024, 04:40:24 PM
 #144

A lot of factors can make an individual to be poor and one of them is the persons mindset, poverty can also be a state of mind, it's not about how much you have in your bank account. You can have millions but if your mindset is developed you might end up losing the money you have. Another thing is peer pressure, having the wrong set of friends can limit your growth, if your cycle of friends are not trying to motivate you then it's time to make a change for your own good. Laziness is also one of the causes of poverty, you can't wait for money to just come to you, you must do something to get it.

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November 28, 2024, 04:55:21 PM
 #145

I think because they only think about how to make enough money to eat today or tomorrow, so they don't have to work hard which keeps them poor and there is no progress.

And people who want to improve their lives especially in terms of finances that keep them from being poor, yes they have to work hard for what to find more money and must have the mind to invest or do business in order to change their lives for the better. And the most common thing that causes poverty in someone is because of stupidity, laziness and not wanting to try and that's enough.
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November 28, 2024, 08:11:52 PM
 #146

I believe that to improve my economic situation depends on myself, when I am aware of the discomfort of my situation then I have to do something that can indeed make my situation better, but it is a problem if we are already aware of the uncomfortable situation and there is no movement at all.
Agree with you, if we want to improve our economic situation or condition we must think well and realize what steps we must take in the future, one of which is we must have the spirit of working hard and stay away from laziness because if we do not control laziness well our economic changes will not develop according to our expectations. while working hard if someone has a hard-working nature he does not easily give up until his hopes are met.
Trying to figure out how to do better should be something everyone needs to learn. You can't just accept the way things are and move on with that, it is not going to work that way and you will just stay the where you are right now. The better approach would be just focusing on how to get better results, and because of that we need to learn how to get a better deal done too.

The best way to get this is not accepting your position in life, and trying to reach a better place as well. If you can do that, which is very hard, then you will always end up trying to do better and you will always try to find some angles and get better approach to all of this. That's the way things are, just don't accept your place, and try to go far.


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November 29, 2024, 01:38:25 AM
 #147

Trying to figure out how to do better should be something everyone needs to learn. You can't just accept the way things are and move on with that, it is not going to work that way and you will just stay the where you are right now. The better approach would be just focusing on how to get better results, and because of that we need to learn how to get a better deal done too.

The best way to get this is not accepting your position in life, and trying to reach a better place as well. If you can do that, which is very hard, then you will always end up trying to do better and you will always try to find some angles and get better approach to all of this. That's the way things are, just don't accept your place, and try to go far.
With the passage of time of course we have to keep moving, whether we have a job or not we still have to move to get better than before. Someone who is aware of the future must be prepared will not just stay still even though they are rich people but if they think about their future then they will find the best way to prepare their future not just by being lazy.
When we are in a disadvantageous situation or position then we must find a way out of that situation, maybe for those who really can't fight their laziness will just stay still by enjoying the disadvantageous situation but that is a mistake.

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November 29, 2024, 02:06:02 AM
 #148

one way poverty is afflcited, on a personal level. It can/is created in mirro, of howthea induvidual views his/her personal worth, as a human being.
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November 29, 2024, 06:49:00 AM
 #149

Trying to figure out how to do better should be something everyone needs to learn. You can't just accept the way things are and move on with that, it is not going to work that way and you will just stay the where you are right now. The better approach would be just focusing on how to get better results, and because of that we need to learn how to get a better deal done too.

The best way to get this is not accepting your position in life, and trying to reach a better place as well. If you can do that, which is very hard, then you will always end up trying to do better and you will always try to find some angles and get better approach to all of this. That's the way things are, just don't accept your place, and try to go far.
One motivational quote says that it is not your fault that you were born into a poor family since you cannot choose your parents. But you should take the blame if you remain poor. I don't totally believe in this assertion but there are some basic truths in it.

I see people from rural areas moving to cities where they have no relatives or friends to stay with. They just decide to live the rural areas where there are fewer opportunities to cities with better chances of succeeding. I also see people leaving poor nations and migrating to developing areas because they want to create a better future for themselves and their family members. In life we have to take some risks if we want to change an unfavourable condition.          

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Dave1
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November 29, 2024, 07:29:28 AM
 #150

one way poverty is afflcited, on a personal level. It can/is created in mirro, of howthea induvidual views his/her personal worth, as a human being.
Be Better, Do Better.

Or how are you programmed since the beginning, maybe you are born out of poverty and then you think that you can't get out and so going to inherit what your father or mother has been in their lives.

But there are people that have been the first millionaires in their family because they change their mindset in the beginning and really strive very hard in their natural lives to achieved what they wanted, to get out of their poverty and start a new cycle with the next generations and then built wealth. We have seen that it can be done, going to be very hard, but then again, people change and really work very hard if there is something, a motivation for them to be successful.


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Barikui1
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November 29, 2024, 08:20:48 AM
 #151

Poverty is a state of lack and not having something ( money, material, property) that is needed at that present point in time. Globally speaking poverty has been a major issues with the united nations general assembly even giving out time frame to end poverty and improve the standard of living of the world population especially in third world countries where the rate of poverty is higher.

No I don't believe poverty would ever get to an end because we can't be all financially equal and how do we even state a point of poverty? It should be a point where we can't afford our desires and most essential needs.
If you an an average earner amidst wealthy people you're still assumed to be poor because your standard of living comparing to them will be so underated and you too would want to grow in your incomes.
The fact is just that life is full of competition and unfortunately it can't serve everyone fair.
However, we can only improve to better living but that of poverty can't be termed off. Besides the governments would never agree to serve the masses standard and stable economy system. Muchly inflation will always be pinned to drive us crazily as course of high cost of living and taxes would also increase while income is of no value.
Yea, you are actually right on what you are saying, and to be honest here, poverty can't be silence for ever,  it can be reduced to the bearest minimum, but shutting it down completely is practically out of our control.

Secondly, we all look, but see differently, so we all have a different view of someone being poor, an individual might be living a fulfilled lifestyle, without having wealth in abundance but he will be termed as being poor because he or she is not having several cars or mansion or every other vain things.
So it all boils down to how we sees things, but in my own opinion, I think that poverty is more of not having the right ability or mindset to graced an opportunity that might comes your way or lack of the right skill needed to work and live a comfortable life.

 
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November 29, 2024, 10:25:30 AM
 #152

one way poverty is afflcited, on a personal level. It can/is created in mirro, of howthea induvidual views his/her personal worth, as a human being.
Be Better, Do Better.

Or how are you programmed since the beginning, maybe you are born out of poverty and then you think that you can't get out and so going to inherit what your father or mother has been in their lives.

But there are people that have been the first millionaires in their family because they change their mindset in the beginning and really strive very hard in their natural lives to achieved what they wanted, to get out of their poverty and start a new cycle with the next generations and then built wealth. We have seen that it can be done, going to be very hard, but then again, people change and really work very hard if there is something, a motivation for them to be successful.
You are right, some people think that they will continue to be in poverty because they were born into a poor family. They become unmotivated to be able to do things that can change their lives. So this is back to each individual, because many are also able to change their circumstances with effort and hard work. Now it is each individual's choice, whether to continue to be in poverty like that or to change it. Indeed, I can understand someone who is born into a rich family has more privilege to be able to make their lives richer. Different from those born into poor families, but opportunities in every matter will always be there depending on how we try.
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November 29, 2024, 11:26:15 AM
 #153

one way poverty is afflcited, on a personal level. It can/is created in mirro, of howthea induvidual views his/her personal worth, as a human being.
Be Better, Do Better.

Or how are you programmed since the beginning, maybe you are born out of poverty and then you think that you can't get out and so going to inherit what your father or mother has been in their lives.

But there are people that have been the first millionaires in their family because they change their mindset in the beginning and really strive very hard in their natural lives to achieved what they wanted, to get out of their poverty and start a new cycle with the next generations and then built wealth. We have seen that it can be done, going to be very hard, but then again, people change and really work very hard if there is something, a motivation for them to be successful.
You are right, some people think that they will continue to be in poverty because they were born into a poor family. They become unmotivated to be able to do things that can change their lives. So this is back to each individual, because many are also able to change their circumstances with effort and hard work. Now it is each individual's choice, whether to continue to be in poverty like that or to change it. Indeed, I can understand someone who is born into a rich family has more privilege to be able to make their lives richer. Different from those born into poor families, but opportunities in every matter will always be there depending on how we try.

They are using this as excuse not to do anything and just be contented with what they've got, though there are other people who use this as inspiration to strive and try harder to find success to whatever venue that they've got an opportunities to excel, those types of people have a good mentality that it's not limited to dream of something while working on it, the chance is equal if you know what venue and what kind of market you'll going to target.


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November 29, 2024, 01:12:41 PM
 #154

I think because they only think about how to make enough money to eat today or tomorrow, so they don't have to work hard which keeps them poor and there is no progress.

And people who want to improve their lives especially in terms of finances that keep them from being poor, yes they have to work hard for what to find more money and must have the mind to invest or do business in order to change their lives for the better. And the most common thing that causes poverty in someone is because of stupidity, laziness and not wanting to try and that's enough.
Back in the day, short-sighted people could become poor because of the reasons you listed, just thinking about today is very legit problem. But today, just thinking about what we are making today is of course our biggest problem, like for example I have 3x the debt of my salary, and that means even if I make three times the size of my salary this month, from some investment and all, I would just go back to having no debt, but zero savings.

This means of course I am going to think about what to eat today, and yes that debt is a bad debt and it was done stupidly, not a good one, we could have been debt-free now but there were some situations I couldn't stop and that's why we are in debt, but at the same time we need to realize it is not that easy to save for the future when you are thinking about what to eat and worry about food. Not everyone has enough money to think about tomorrow, and most of the rich people do not see how that could be, they would just say spend less, to people who are worried about what to eat today, and not understand the irony in that.

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November 29, 2024, 01:18:32 PM
 #155

one way poverty is afflcited, on a personal level. It can/is created in mirro, of howthea induvidual views his/her personal worth, as a human being.
Be Better, Do Better.

Or how are you programmed since the beginning, maybe you are born out of poverty and then you think that you can't get out and so going to inherit what your father or mother has been in their lives.

But there are people that have been the first millionaires in their family because they change their mindset in the beginning and really strive very hard in their natural lives to achieved what they wanted, to get out of their poverty and start a new cycle with the next generations and then built wealth. We have seen that it can be done, going to be very hard, but then again, people change and really work very hard if there is something, a motivation for them to be successful.
You are right, some people think that they will continue to be in poverty because they were born into a poor family. They become unmotivated to be able to do things that can change their lives. So this is back to each individual, because many are also able to change their circumstances with effort and hard work. Now it is each individual's choice, whether to continue to be in poverty like that or to change it. Indeed, I can understand someone who is born into a rich family has more privilege to be able to make their lives richer. Different from those born into poor families, but opportunities in every matter will always be there depending on how we try.

They are using this as excuse not to do anything and just be contented with what they've got, though there are other people who use this as inspiration to strive and try harder to find success to whatever venue that they've got an opportunities to excel, those types of people have a good mentality that it's not limited to dream of something while working on it, the chance is equal if you know what venue and what kind of market you'll going to target.


Just let them be on what are the things that they do wanted to do, if they would be just that contented on what they do currently have or the status they are into then just let them be because not all people will really be having their own perceptions in life on which there are really those who are just that too lazy and doesnt want to have that progress, but there are those who do really strive on making up such changes and progress in terms of financial aspect. Who doesnt really like on having that financial freedom? All of us are really that thriving on reaching out this kind of situation. It will really just that all matter
of someones perspective throughout their lives whether they will really be just that contented or not, it will really be that actually be varying. There are really those who dont have any plans and thats why
they will really be just that remaining the same on what they are currently dealing with. Poverty could neither be that because their parents are poor and there are ones who do end up poor because of unwise spendings while they do still have money or simply being bankrupt because of mismanagement. Not on being that judging other peoples lives but there's no such thing about equality of this world on which theres really those rich and poor people. Progress in life will really be that vary or depending according into the actions you are making. If you are lazy then dont expect any progress.

R


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November 29, 2024, 02:00:48 PM
 #156

one way poverty is afflcited, on a personal level. It can/is created in mirro, of howthea induvidual views his/her personal worth, as a human being.
Be Better, Do Better.
Poverty will not be accurate enough if it is only judged from a person's personal character because currently there are many poor people who cover themselves with the wrapping of rich people so that they are not considered poor by their own environment. Likewise with rich people who only wear a simple appearance even though it is not to cover up their identity as rich people, but such people cannot be considered poor.

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November 29, 2024, 02:43:28 PM
Merited by Ndabagi01 (1), Huppercase (1), iBaba (1)
 #157


Yeah, there is no doubt in that, if from inside you have deficiency of knowledge and motivation and you have accepted your nature and life style. Then even if you are given $1 million you will just spend them on you and won't use it to make more money.

Those who are rich I have seen they don't waste money they even don't waste money on things which are necessary instead they have enough resources to do the things in cheaper ways. Thy always comes with cheaper ways like a birthday party. Smart ones don't waste extra money but keep them simple but most of the people fighting with inflation celebrate birthdays by spending a lot of money.

Wasting money is one of the main reasons why some people remain poor up to date. The way they live their lifestyle is too expensive they spend money on unnecessary things. If the money some people are spending on things that are not necessary had been invested or used to start a business, they would not be where they are today.

The truth is, even rich people buy expensive items, but not things that are unnecessary. In fact, if someone wants to start using expensive things, it should be at a time when they have already built their wealth well, not while they are still in the process of building it.

Honestly, rich people always find ways to ensure their money continues to grow. That is why they always look for different sources of income and stop focusing on material things like some poor people do. Rich people are not overly focused on material things. Instead, they prioritize their investments and businesses, which is a significant difference from the mindset of many poor people.

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November 29, 2024, 10:14:28 PM
 #158

Initially I was thinking that people who are poor where due to lack of opportunities and the right environment for them to grow and develop themselves but today I heard a different view entirely I was told that poverty is what is inside of you so before you can become rich that you need to be rich inside of you, infact the person even said if you are poor inside of you even if you are given a $million that it will be a matter of time before that money will be wasted and you become poor again.

That got me worried and thinking what really makes people to become rich? Let share our opinion on this
I agree completely with the statement that poverty is within you so you can't give out what you don't have so 99.9% of poor people are actually poor inside of them they are mentally and psychologically poor so they can't leave a life style that they don't have inside of them, poverty is a mindset, lifestyle and to a large extent harbit so people have to be mentally psychologically and otherwise rich inside of them before they can become rich physically
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November 30, 2024, 11:56:23 AM
 #159


One who inherits money is different from someone who has won in a lottery, though. Most likely someone who has inherited wealth has been wealthy for most part of their life and even if they fail they would have back ups whether from family or whatever connection they may have built over the years from being in places where the wealthy resides or socialize. Meanwhile if one is so poor and suddenly got rich overnight from lottery, if he fails it might be extremely harmful for him as he did not have any prior assets before the lottery win that he could fall back on.
First, we need to know that not all poor people are uneducated or have no ability and no plan to get rich. There are many people who are knowledgeable and intelligent but sometimes cruel fate makes them live in poverty. So if these people have the opportunity to own a large amount of money, they can create greater things, not that they will always fail or just saboteur.

In addition, people who become rich from winning the lottery, if unfortunately they lose everything later, it is also a lesson, an experience for them because from the beginning they had nothing to lose. So it cannot be said that winning the lottery is harmful to them.

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Therefore, depending on the situation, we should have a suitable plan to get rich , if we are lucky enough to have the opportunity to inherit property or win the lottery . There is no reason for us to refuse because it will help us shorten the path to success .
As much as we plan on getting rich, we should plan on what to do after we get rich as well. We need to be prepared for every single situation that may arise as to not fail.

We haven't even planned to get rich and become rich, let alone think about what we will do after we get rich. We need to plan each stage and complete them before thinking about bigger things.

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November 30, 2024, 07:32:25 PM
 #160

A lot of factors can make an individual to be poor and one of them is the persons mindset, poverty can also be a state of mind, it's not about how much you have in your bank account. You can have millions but if your mindset is developed you might end up losing the money you have. Another thing is peer pressure, having the wrong set of friends can limit your growth, if your cycle of friends are not trying to motivate you then it's time to make a change for your own good. Laziness is also one of the causes of poverty, you can't wait for money to just come to you, you must do something to get it.

I like your opinion but I'm not sure mindset can makes one poor individually. I am positive all my life, I want to one day see myself having that holiday in Dubai, go vacations in looking at burger kalifa but I'm poor to make that dream comes through, I'm not sure if I have the resources to live that kind of life, in fact I don't see that happening if I want to be truly honest with myself but it's not a bad thing to be hopeful about life because anything is possible.

You can't grow when you don't have networking, there are many things that can make one be limited to other opportunities and it's not because you are who you are, it's because there is no way. There is difference between optimism and reality, there is difference between dream and reality and there is difference between real and ideal. This is what life has thought me, unless you want to be living a fake life, there is limits to where everyone can stretch there hands.

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