Quote from: Twentyonepaylots on March 24, 2023, 10:18:03 PM

Quote from: MaterialMouse69 on March 11, 2023, 03:45:23 PM

We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

Is it that the rich have already wealth the day they are born? Have savings and investment?

While the poor doesn't have any of those?

The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.

I think this quote has two main points. The first is that rich is getting rich, I think, is due to capitalism, where rich people are basically the entrepreneurs who knows how to make their money grow whatever the state of economy is. On the other hand, I believe that poor people are getting more poor since they don't know how to handle their money. But, I think the main factor for this to happen is the governments action toward these people. If the government don't do something like increasing wages that corresponds to increasing value of goods, the poor people would just have the money for them to survive. There wouldn't be a room for them to make themselves be better in terms of financial. As per your situation, I think you have the capacity to save money other than the money for your needs, so In the right mindset and planning of financial you could increase your financial soundness soon.

Well said