Post
Topic
Board Economics
Re: What is the best advise to give to a poor person to be rich?
by
Porfirii
on 19/05/2025, 19:02:53 UTC
Suggestions should be given based on the category of the poor . There will be no benefit in giving suggestions about Bitcoin or Crypto Currency to those who are poor and illiterate. An illiterate poor person will never have any idea about trading or investment. So illiterate people should be given suggestions about things that are suitable for them. They should acquire some skills through which an illiterate poor person can earn a living. However, those who are not able to arrange jobs due to being educated and unemployed can benefit from some ideas about trading or investing. However, it is not possible to solve their permanent problems by trading or investing alone. To solve permanent problems, they must be involved in some physical business. If I feel the need to give suggestions to the educated unemployed, I would definitely suggest that they give importance to business, especially physical business.

You make a very good point. What I see is people giving advice to others on how to get out of poverty without knowing why they are poor. This does not bring any benefit but only wastes time, because there are many reasons why someone is poor and to give useful advice, we need to know the category of poor they belong to. As you said, we cannot give investment and business advice to illiterate people or give redundant advice like find a job, work hard...to highly educated people.

I really can’t offer any advice because I don’t know which category of poor people the OP is referring to, and I’m genuinely surprised that others can so easily give advice.

OP, what poor groups are you talking about?

After reading the OP I was thinking something like that. Because we are used to talk to people who, at least, know reading and writing, and have a modern device with Internet connection, but it's saying much in a world where there are still millions of people who lack all this.

I recently saw a documentary on the people in developing countries (what a euphemism) who wake up early in the morning and make a living from garbage. With zero options to improve economically, what advice would be good for them?