Hardship surely has an influence on mentallity.

[Davidvictorson]

That is also what came to my mind when i read the thread and i did allude to it in my first reply. Humans are naturally motivated by their present need, someone who is still at the stage were they cannot comfortably provide food and shelter for themselves cannot seek higher needs, like self esteem or self-actualization. Needs at the bottom of the hierarchy need to be achieved first, before one can aim for what's higher up. People may disagree with Maslow, but just look around and it is not hard to see that he is right.

That’s correct and it is everywhere. I wonder what an alternative to Maslow’s theory would be for anyone who thinks otherwise.

[FanEagle]

That is very true. Economic hardship often shape the way people thinks. People won't be able to plan for the long term especially when daily survival becomes something of a concern. They won't be able to save or invest properly. These makes people to have poor decisions making and confidence to try on new things e.g Entrepreneurship startup. Even business owners finds it hard to survive in an economic that isn't favorable. This ongoing conflict has increased the hardship in my place due to high cost of Petrol, it has affected transportation, small scale business owners who need power supply etc. That is why stable economic conditions matter. They give people room to plan, grow, and think beyond today.

As someone who has been "poor" all my life, well poor in the sense that I do have clothes, food everyday, a home to live in, so I am not that poor, there are people who are living in much worse conditions than me. But poor compared to a life that we deserve, and I can tell you that all I can think of is my debt at the start of every month and worry if I will be able to pay it or not. That is how I spent the last 5 years of my life, and I am sure that it won't end anytime soon.

This is why I agree that people like me can't really waste todays important cash, on investing for the next ten years. While I do do it, that is just because I got lucky early on in my life to learn value of investment, but it was pure lucky situation back then, it wasn't something I looked for.

[uneng]

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

That is a big issue, because many people are living just to pay bills, without any money left on their pockets at the end of each month. It creates a vicious circle where it's not possible to achieve financial prosperity. It's similar, if not exactly, to surviving as a modern slave. People have food, shelter and entertainment, although nothing from a high or satisfactory quality.

The only way to leave this circle I see is through personal and self-developed critical thinking. You have to realize there is something going wrong with how society is designed to work for real, so you can start finding gaps on the system, while being creative to find ways outside the rats' race. That is, ways to maximize income, decrease living costs and to develop yourself as individual.

[Mr Reporter]

The economy hardship is doing allot to people it not only draining pocket, it also affect someone’s mindset also. This has make allot of individuals instead of planning for investment, man has to struggle for survival first, how for him to feed, shelter and lot more.

All this makes allot of individuals think and loss some great opportunity because when they suppose to use some funds to invest it will now looks as if it a gamble we’re u aren’t even sure of ur next meal to eat.

[Accardo]

The economy hardship is doing allot to people it not only draining pocket, it also affect someone’s mindset also. This has make allot of individuals instead of planning for investment, man has to struggle for survival first, how for him to feed, shelter and lot more.

All this makes allot of individuals think and loss some great opportunity because when they suppose to use some funds to invest it will now looks as if it a gamble we’re u aren’t even sure of ur next meal to eat.

The best of the struggle is staying on track with whatever motivation available, no jokes, things change with time. The trouble with the strugglers is the feeling of the end, a kind of feeling that tells the person that it's all over, due to the current condition of their nation, state, or even personal economy. Growth takes too many sweat and time, filling up the moment with unproductive thoughts as such, would only break down the person to never do something productive or good to strengthen the economical growth of their nation.

[Agathamay]

The truth is that, everyone has different ways to approach situations which also includes how they approach and handle economic hardship and if you also agree with me that, even in the hardest of times, there are also people who finally get their lives together during those period and maybe that was because their approach to situation finally worked out during that time and i also agree with op that, there might not be so much resources available for anyone having hard time to be able to take calculated risk and this is because we also need money to ind money and when someone is having hard times, the chances o wanting to risk what they already have or uncertainty becomes limited because the first approach is survival.

[CageMabok]

The best of the struggle is staying on track with whatever motivation available, no jokes, things change with time. The trouble with the strugglers is the feeling of the end, a kind of feeling that tells the person that it's all over, due to the current condition of their nation, state, or even personal economy. Growth takes too many sweat and time, filling up the moment with unproductive thoughts as such, would only break down the person to never do something productive or good to strengthen the economical growth of their nation.

If we look at the current state of our environment and the conditions of most countries, it seems impossible not to work hard to achieve a better income. Because almost all unemployed people who like to dream high achieve nothing in life except futile imaginations. Being lazy is not the best option now, and even in the past, there has been ample evidence that everyone must strive hard to achieve economic stability and must become smarter in seeing more opportunities that can generate income. So, thinking productively has actually become something that is very mandatory for everyone at this time because the conditions of inflation and also uncertain environmental changes can have a bad effect on those who still like to relax in their lives.

[fruktik]

It all depends on each person's mindset. There are a few who don't overcome these things and end up very badly. Generally, what doesn't kill us makes us stronger, but I believe it's something that can be resolved with the right mindset. If I think about all the problems I've gone through and solved, I realize now that so many negative thoughts weren't worth it. So now I go through life with that mindset, because I know that when I solve them, my mind will be at peace, and it was all about me putting obstacles in my own way.

It takes more than just determination, but also a strong desire to get out of a dire situation. There was a time when I lost a lot of money at the casino and was laid off. That's when I truly realized I was at rock bottom financially. I had no desire to change anything, nor did I even think that anything was possible if you really wanted it. That's when my journey to recovery began, not only financially but also emotionally.

[Mpamaegbu]

...but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

Yes, it surely damages mentality of the affected and their voices are muzzled.

In fact, the major thing I've noticed about hardship is that it silences and mutes voices. Self confidence is eroded mostly without those in abject poverty. We've to realize that not having food to eat three times daily isn't the same as living in wreck or abject poverty in situations where people go for more than a day without a single meal. Yes, there are those in that condition of poverty. For people like that, there's nothing left of their self confidence. They can do anyone's bindings to survive. You don't expect people of that category to reason logically.

[Accardo]

So, thinking productively has actually become something that is very mandatory for everyone at this time because the conditions of inflation and also uncertain environmental changes can have a bad effect on those who still like to relax in their lives.

You know they exist those who wont face the reality of changing the life around them, sustaining growth a lot to do with our environment, passing a message that screams we all need this change for the future of our nation. It's never a one man show, but the productivity declines when those who decline tend to bring down the charisma of the visionaries who work day and night to change the life condition of their society. These turn out to be a challenge for people who want growth and those who can't do anything to help making the change come to being real.

[Somegory]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

This is solid, I have learnt to understand that you really need to let go of everything before you can have ideas, a unsettled mind will never be able to create better ideas, because they are already disturbed.

In my country almost everyone is angry on the inside, only very few shows it on their faces, but once you try to get close to them you will see instant how they are been affected by the situation of things, everyone is angry in my country right now.

Some are faking their happiness, they pretend to be happy in the public but they go back and hide in their caves right after, sad and worrying, so yes hardship can affect mental health so much that it can get you sick or lose your sense of humbleness.

[alastantiger]

All this makes allot of individuals think and loss some great opportunity because when they suppose to use some funds to invest it will now looks as if it a gamble we’re u aren’t even sure of ur next meal to eat.

The way we are we are wired as human beings is that when something gets tougher our brain begin to substitute the necessary things that are important things for those that are not that important it is then we begin to choose our needs over our wants more hence when we are poor our mentality will be all about survival instead of doing the things that are necessary to enjoy life. Money will always have a role to play on mentality as someone that is passing through poverty can't reason like someone that is having abundance of wealth around them. The rich and the poor are never the same The way the rich thinks the poor can only dream about thinking like that and this affect them in their everyday life including their decision making. 

[imthegreat]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

This is precisely the case, because new generations like Zoomers, unwilling to save for their own homes due to high interest rates, constantly enjoy such pleasures as taxis or coffee, never considering the long-term prospects as we did. They constantly crave the pleasure of the here and now. They find it impossible to think about tomorrow, and so many of them don't even want to look for serious work and build a serious career. They increasingly take jobs that will provide them with a large but difficult income that won't advance their careers.

[TheUltraElite]

I think past experience will make an impact on how a person will view the world in future. If a person has been poor for years and is now stable and earning well, they will try to save and invest in less risky assets to grow their money simultaneously trying to improve their job position and their lifestyle.

A person who been spoonfed with money from their birth will take money for granted and will never learn the hardship of the poor person who came out from poverty. They will likely squander their money until it becomes too late or they realize their folly.

However I feel that everyone is capable of making money rich or poor, just that they need to realize their mistakes quickly.

[Leahized]

The economy hardship is doing allot to people it not only draining pocket, it also affect someone’s mindset also. This has make allot of individuals instead of planning for investment, man has to struggle for survival first, how for him to feed, shelter and lot more.

You are absolutely right, based on the current geopolitical context, the economy has a huge impact on it. As a result, prices of all commodities besides oil and gas have increased. However, low-income countries are more affected than developed countries. And they are always struggling for livelihood, As a result, the opportunity to earn money through investment is not getting. But I think saving life is better than investing. Because investing has the potential to lose money.

[Obim34]

Yes, it surely damages mentality of the affected and their voices are muzzled.

In fact, the major thing I've noticed about hardship is that it silences and mutes voices. Self confidence is eroded mostly without those in abject poverty. We've to realize that not having food to eat three times daily isn't the same as living in wreck or abject poverty in situations where people go for more than a day without a single meal. Yes, there are those in that condition of poverty. For people like that, there's nothing left of their self confidence. They can do anyone's bindings to survive. You don't expect people of that category to reason logically.

Poverty are at different levels, poverty and extreme poverty mean the same thing, but the focus is on the intensity of the situation. Online definition of poverty, "not able to satisfy ones need" meaning part of the needs are met, but we've seen poverty cases when a person don't have any of the three basic necessities, it becomes a survival of hand to mouth.

Poverty is a disease when you are sick with it, nobody comes to help, it is very difficult for such people living in abject poverty to escape, plus when the economy is no way favorable.

[Finebone]

It is often said that he who pays the Piper detects the tune, anybody that controls your finances, literally control's your life, economic hardship in most cases is deliberately done by the government so that they can control the People's mind so that they cannot have independent mindset. A financially independent mind can stand against the government and challenged them against policies that are not in favor of the masses, and the government knows all of this, hence they make sure the people go through hardship so they can be busy thinking about the next meal to eat, instead building legacy.

It's not only hardship that is being used by the government to limit the influence of it citizens, the class room are also being used because they knows that the educational system is designed to keep you poor or average, because after graduation, you will start working as a civil servants for 35 years, which will keep you poor if you don't start a business of your own, or you do not invest in asset that appreciates in value overtime. So this has been in existence for a very long time because the government uses the system and the financial state of a country to control and subject it citizens, so economic hardship is just one of them the government uses, since it has a negative effect on your mentality as a person.

[Die_empty]

I think past experience will make an impact on how a person will view the world in future. If a person has been poor for years and is now stable and earning well, they will try to save and invest in less risky assets to grow their money simultaneously trying to improve their job position and their lifestyle.

A person who been spoonfed with money from their birth will take money for granted and will never learn the hardship of the poor person who came out from poverty. They will likely squander their money until it becomes too late or they realize their folly.

However I feel that everyone is capable of making money rich or poor, just that they need to realize their mistakes quickly.

You have made some valid observations. However, issues like this shouldn't be generalised. Family background or a person's environment might determine how people invest, but this is not always the case. Some poor people might not manage their finances because they have not been well educated on financial management. Some of them would end up investing wrongly because of poor financial education.

But some people who are from a rich background might have been exposed to the family business at an early age. Many of them also attend some of the best business schools. With a combination of college and practical knowledge, they would be able to manage wealth.

But I like your conclusion, which states that both the rich and poor can make money if they have the right knowledge and apply it.

[9ja Amaka]

When survival becomes the priority, there is no room for thinking about long-term goals, which is why developing countries with high unemployment rates are struggling when it comes to innovation and creativity. But who is at the fault here?

High population or corrupt leaders is possible cause but as individual we can't decide where we are born so we have to adapt to where we are and then see is there any escape from there.

I totally agree with you, because I don't see how someone that is trying to survive will be able to think of investment,  because at that point their priority is just the next meal, and they have to find a way to solve that, before they can start think of investment of even thinking of being creative.
I totally agree that the government are also a fault, because I think it's the duty of the government to at least elevate its citizens from that level,  so they could be able to think better and also be productive to the society,  but most government really don't care about their citizens,  especially African leaders.

[Promocodeudo]

The economy hardship is doing allot to people it not only draining pocket, it also affect someone’s mindset also. This has make allot of individuals instead of planning for investment, man has to struggle for survival first, how for him to feed, shelter and lot more.

Thats just the fact, many persons are no longer talking about investment because what to eat and house to leave is now a major problem, people are faced with many bills although even without having bills to pay, some persons are just full of excuses, they can not do without excuses, however, in the recent times many country are faced with economic hardship because of inadequate management by their government and this has affected the citizens to the point that the money they have has low purchasing power, I'm from a country where our currency has no value due to high inflation, in my country our highest currency can barely afford anything, I might have gone off somehow but my point is that hardship can actually affect the way we think, it can derail us, that shit is something else.