Quote from: Hatchy on March 04, 2025, 11:58:18 AM

Quote from: coin-investor on January 13, 2025, 04:03:59 PM

, my priority is the basic necessities based on my capacity, and when there's excess, I buy budget-friendly items. If you're poor and you overspend, you will have big issues with your budget.

The ops description of poor and rich is literally unclear. You can't classify someone poor because he bought something expensive or rich because he didn't. All of these are mindsets. If you are able to provide your basic needs and sustain yourself in a struggling economy, why then do you think you are poor? The poor barly have time to think about buying something, talk less of an expensive one. What we should focus here is how the average folks would get able to minimise their spending and cover up there expenses.

In general, not just for this topic but in life, what is "poor" and what is "rich" isn't really defined that easily. I would say if you could stop working today, and not have financial trouble until you die is what I call rich. But that doesn't mean dude is living in a mansion, you could be living a very modest life, some medium size house, like an ordinary place, nothing big at all, you could be eating dinner and watching movies and sleep all day, and you would be still rich if you do not need work for those.

But, many consider like "I can buy a lambo with cash I have in my bank account today" is rich, that is not rich to me, that is wealthy, that is excess wealth, rich is something different. Or for poor, some people think poor is not knowing where to eat food because you have no money and no food, that's starvation levels, you don't need to be that bad to be poor, if you are working and still not making enough to live a decent life, then that's poor to me.