Quote from: fruktik on Today at 05:24:14 AM

What's the point of asking your parents for financial advice if they haven't succeeded in this regard? What kind of advice can they give if they themselves live in poverty and misery? This is what we are talking about in this context.

As a child, I asked my parents many times why some people are poor and others are rich? They didn't have a specific answer to this question, since they themselves didn't understand anything about it. So over the years, I had to look for answers on my own. I hope that I am going in the right direction and that something will change for the better in my financial matters.

If you ask many people why some people are rich while others are poor in the society, they would give you different answers. Many of them might not even give you a specific answer. People are poor because of so many reasons. Some are not by their own making, while others have made financial mistakes. If you live in a country where there are limited opportunities to get rich, you might become poor.

Getting rich is not just all about finance, other important non-financial traits should be imbibed. Your parents can advise you on diligence, honesty, good communication skills, relationships, etc. So your parents might be poor but can still give you sound advice that will help you do well in business and work.