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.
Let me tell you, that quote about the rich getting richer and the poor getting poorer is straight-up legit. But, yo, let's not get it twisted - this mess ain't just about folks not saving up or investing their money. The real problem is that some people are blessed with better chances, more resources, and access to networking that lets them get ahead. Meanwhile, some folks are stuck in poverty with little hope of ever getting ahead, dealing with all kinds of issues, from lousy healthcare to housing problems.
Just because you're poor, don't mean you gotta stay poor. You can turn things around by working hard, making smart financial decisions, and getting an education. If you invest your cash early on, it can have a massive impact on your financial situation. Yeah, starting from the bottom is tough, but you can make your way to the top if you have a growth mindset and always look for ways to improve yourself.
While the wealth gap is a hard issue, but it's important for u guys to realize that it's no impossible to break the cycle of poverty. Hard work and a growth mindset will sure be pay off.