Post
Topic
Board Economics
Re: If you rich you will be poor If you poor you can be rich
by
LDL
on 04/11/2024, 13:26:23 UTC
I can't fully agree with that because it doesn't make sense that rich people would be poor. This does not apply to all rich people because there are famous rich people in the world who are constantly changing their status by taking new initiatives. If you imagine Warren Buffett and he is so thrifty even at this age that he does not spend money unnecessarily then he is unlikely to ever be a poor man in his later years. But there are many rich people who are extravagance and gambling types who can turn from rich to poor just because of reckless spending, despite being billionaires or millionaires. In other words, it will not take much time to become poor even if the people who are reckless and unaccountable do not spend according to their income.