Why the Poor will be Rich in Poverty
Riches and financial freedom is often associated with certain type of people. Although, there are a lot of people who have this dream of being really rich that all their financial problems can be solved at once but still, there are a lot of people who will never make it into this 10% of the 10% rich class. People associate riches to flaunting wealth and affluence as well as being able to travel to any part of the world without a boss but the truth about this is, in the race to becoming financially free, there are a few character, association, habits, lifestyle and mindset you need to grow and get used to. Being rich is a result of certain financially positive attributes that are consistently followed. Why will certain people not be financially free?
Association
You are a product of your association. There are a very little percentage of people who are and will be rich so there are very few friends for the rich but there are a lot of poor people both physically and psychologically and associating yourself with people who will never be successful in life is a full proof that being successful financially is far from such person.
Failure cautious
You only know to what extent you can go if you give it a try. The reason why a lot of people are scared of failing is because they have seen failure as an end product whereas they should see it as an outcome. An end product is what you want while an outcome is a result you get. The inability to leave a comfort zone can be detrimental as that could be very dangerous as well but they prefer a less dangerous path. So failure becomes an excuse which later becomes a hindrance.
Liability investors
A billionaire will never get ratings by the total amount of liability owned but rather the total number of asset owned. A lot of people own liabilities more and they love to have a liability than to have an asset. The ability to differentiate a liability from an asset is vital in making financial transit to wealth.
Lavish spenders
The rich often want to make more money while the poor can let money out for anything and still use their credit cards to balance payments. This is very vital, you can’t spend more and amass more, it has to be inversely proportional to one another.
Conclusion
Beyond the fact that the rich and the poor have financial differences based on how much is available in their bank accounts, way of thought and of live really creates a difference.
This article is gold for anyone looking to improve their financial intelligence.
"Rich Dad Poor Dad" by Robert Kiyosaki is the book that taugh me most of this things and I really recommend it.
The book is an amazing one and I must read for every one that seeks a good financial life.
@tipu curate
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This is really a great opener to everyone who aspires to be rich even when poverty prevails. You've really made a good analysis and explanation about why some poor will continue to remain poor and why some of them will also be rich in poverty.
Firstly, I think destiny/fate also plays it part here. Some people are really destined to be rich while some people are also destined to be poor. I've seen different case of some pauper or poor people becoming very rich in life while some rich people also later becoming poor. This is something destined to them and it's really just their fate while their actions or steps takes them to the final abode of their destiny.
I strongly agree with your point here because there's a popular saying that says "show me your friends and I'll tell you who you are" . Also beds of same feather flock together! When you roll with the rich, you start thinking like that rich and when you roll with the poor, you start thinking like the poor.
Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day
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This is a lengthy contribution friend, thanks for reading through.
@eni-ola as per me rich ate getting richer poor are getting more poorer is the fact of every country , its very simple money make money.
And i think that can be explained because of the difference in their spending habits.
very good article, I like the phrase you use when mentioning that failure is a result and not an end point. That is the key, failure crumbles many.
Again, congratulations, I loved reading this article.
Failure is not the end of any man it should only provide us with reasons to try again.
A great article, where it is obvious that differs the way of thinking makes and discipline to forge habits that accustom them to progress.
Thanks for reading friend.
That is where the difference lies, the poor keeps going broke because all they want to do is enjoy life while the rich only wants to make their investment count.
I absolutely agree with you thanks for reading friend.