Post
Topic
Board Economics
Re: Other reasons for poverty.
by
AmaGold70
on 24/02/2025, 08:28:18 UTC
There is always quick action to blame the economy and the government whenever the issue of poverty is raised because many people will say that they are poor because of their economy and the government, but in some cases it is not completely true because some people are more the reason of the poverty than any other external factor.

Some people have been introduced to opportunities like investing in bitcoins that they failed to pursue hence their poverty. Some people also lack the very much needed ability to be proactive and take action quickly so they remain poor, some have become too comfortable with their situation that they do not think or plan for more, so they are poor. There are those who indiscipline has kept them poor, there are those who are still slaves to poverty mentality, so they are still poor.

Which other reason do you think has kept people poor aside the economy and the government?
Some are poor because of mismanagement of funds, I have seen wealth men become poor because they struggle to manage their finances leading them to bad decision making and overspending. Some are poor because of addiction to hard drugs, economy and government can't be blamed, most times it's our life choices and circumstances that affects our growth. Some times it's lack of financial education and some times it's just bad luck that sets you back financially.