Post
Topic
Board Economics
Re: Why do people stay poor?
by
xSkylarx
on 12/06/2023, 14:39:22 UTC
I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.
The rich and the poor, geographically their economic life is like salt water with fresh water, whatever is done is never combined, even though millions of dollars are given to the poor as capital, they still can't use it, they tend to only be able to spend, not income, that's why poor people can't be rich economically.

Another reason, I see many poor people whose needs are greater than their income, that is one factor, other factors in terms of education are also much different, you know today life is all technology, so if you are assisted by fixed capital it cannot develop properly, bad financial management, always bankrupt, different from rich people, they master and know what is needed and to make money, the rich they make money vs. money begets money.

They know how to handle their money very well, but that doesn't mean poor people can't learn to handle their finances well. This can be done by educating themselves, either by going to school or by learning on their own. But for me, one of the reasons they stayed poor, as I've really experienced it, is that when it comes to money, when they can gain huge amounts of money, like it's their first time, they tend to spend all of it, which means they tend to buy this and eat in the restaurant just to experience those things as we haven't experienced them before. I just remember when I was able to earn some money after I finished school, I did tend to eat at those fancy restaurants and have no savings as I wanted to experience those things. Ever since, I haven't experienced those things, but what is wrong with it is that you continue it until you lose all of your money. It is just the control over the things that you are spending on.