Are most people poor because they're just bad with money?

>>60506153 (OP)
If everyone would be rich, no one would be.
From my experience, people becoming rich are either lucky or psychos who would murder their children if they could get away with it.
So my advise to you is to become a psycho, totally insane, but with good manners. Then act and grab the money.

>>60506153 (OP)
Most poor people don't know an asset from a liability.

>>60506153 (OP)
Most people are poor entirely because of their own moral and intellectual failings. They will give some excuse, but that is the real reason.

Poor people think a higher paycheck would fix their problems.

>>60506153 (OP)
People are poor because the united states got sold out from under them. It only looks rich because of the big cities. Everyone else is dying of malnutrition and cancer and the money isn't worth anything.

>>60506218
The food in America is a sad joke.

>>60506222
Its not a joke, its genocide. Some kind of satanic cult is running around in tunnels with ugly ass bug beings, you think I'm fucking joking? That's the reality in most of america.

>>60506153 (OP)
I think it"a not being conscious of money accumulation as a life strategy, most would prefer to simply try and make more than curve habits to be lessen expenses.

>>60506153 (OP)

Short answer: Yes.

Long answer: Yes. I literally grew up in the ghetto of East Cleveland, moved to a more rural area and lived in a double-wide trailer with my parents at 10 years old.

My parents gave me nothing at all because they had nothing to give. They didn't even have health insurance, or a 401k. They only had $200 - $400 in their bank account at any one time. I started working at 15 years old in a restaurant. Got a factory job at 18. Never got a college degree (yes, I'm a stupid pleb uneducated wage-cuck). Never even got any serious technical blue-collar training.

At 32 years old I'm in the top 5% of wealth in my age bracket. I make double the median income in my town. My retirement account is quadruple the AVERAGE in my age bracket. My networth is higher than the average networth of 55 year olds. I have great health insurance, life insurance, vision and dental. A completely paid off brand new car. I can travel whenever I want. I have 6 weeks of paid vacation through my company and holidays off.

If an average-low iq retard like myself can be out-competing all of you 130 iq college grad computer, buisness and finance bros, apparently I'm doing something right.

It's because people live above their means and never want to sacrifice ANYTHING. They've already done studies on this. Most people are short-term thinking chimpanzees. As soon as they get a raise, they go buy a brand new car, new $1,000 phones, a new house, etc. I've watched it at my own workplace. People making $50k a year are driving around in $600/mo Cadillacs, or $800/mo trucks and maxing 3 credit cards at a time with a 25% interest rate.

You can't help financially stupid people.

It’s not just that, my parents are poor, they believe positive mindset is all you need to be rich, they sperg out anytime I tell them you actually have to be doing something, you can’t just rely on thinking positively, positive thinking doesn’t get you anywhere if you aren’t actively doing something to get rich

>>60506153 (OP)
99% of wealth status is who you were born to.

>>60506278

Not really. It depends on how you calculate it, because the criteria for studies are all over the place and the definition of "multimillionaire" depends on whether you're talking about investment accounts, or total networth.

25% of people that have $3 million or more in their investment accounts came from middle-class or poor households, with little to no financial help from their families.

Other studies show that 80% of multimillionaires and 70% of billionaires were self-made, but that was calculating total networth and I have no idea what the criteria for "self-made" even meant. Like if your dad gives you $1 million as starting capital and you turn that into $1 billion, is that self-made? Some people would say yes, other people would say no.

>>60506177
Yup

Psycho = insane market risks
Invest in the wildest shit possible
Like energy stocks during war, etc.

Sell the weirdest shit
Market in the oddest of ways
Be the loudest in the room and it’ll pay off

Most people are afraid of risks. Psychos are not.

https://youtu.be/SGeDRn7tC6U

theyre uneducated on finances, and starting to learn is too intimidating
theyd prefer to just say fuck it and spend the money on toys
its like going to the gym
>i know im out of shape
>but i know nothing about lifting and dont even know where to start
>forget it, its too late for me anyways. you only live once so i might as well stay in the slop

>>60506258
>Most people are short-term thinking chimpanzees
this paragraph is absolutely true, i see it in my workplace as well
its consistent that my coworkers will get promotions and immediately talk about how theyll spend the new pay increase
lifestyle creep can be hard to avoid even if youre aware of it and trying to prevent it, but most people dont even acknowledge it to begin with

>>60506153 (OP)
Most people but not all. Luck and background are a part.
It's like genetics and the environment in growing up.
You can go to a great school, but it won't help you if you're retarded.

>>60506177
Bingo

>>60506236
nobody gets rich cutting coupons
increasing income is the right strategy

>>60506177
Anons here will cope and seethe about this being a poorfag cope, but psychopathy is a correlating factory. So is luck.

>>60506258
>>60506278
Both true.

>>60506153 (OP)
People get really mad when you say it, but a massive percentage of the population simply cannot handle money. They second they get their hands on something, they exploit it to ruin, and when they have nothing left they then turn up to Heaven and ask why God abandoned them. Then, when they get another windfall, they repeat the same behavior. If you've seen this behavior first-hand, or even in your own family, it's almost insulting to see aloof or duplicitous idiots deny it.

>>60506153 (OP)

The short answer is yes. They're bad with money and make poor life choices like having too many kids, smoking, drinking, and gambling. But yes, they're poor for a reason. There's nothing stopping anyone of moving up the social ladder. Theres over a 100 waking hours in a week that can be spent earning money, saving, and making smart financial moves.

>>60506153 (OP)
If everyone can get rich, then everyone will become poor

>>60506153 (OP)
The system is built in a way that it urgently needs to create enough exploitable dumbasses no matter the race.

>>60506153 (OP)
Most people are poor because most people are retarded. Them being bad with money is just one symptom of that larger problem.

>>60506153 (OP)
Look up the wealth and income stats

>>60506236
This. My dumbass just assumed I'd inevitably be getting higher and higher paychecks as I got older and more experienced and that's how people make their money. Nope. If anything, my pay's remained steady with inflation at best.
I was embarrassingly old before I understood the idea of compound interest.

>>60506153 (OP)
it's capitalism's fault

>>60506153 (OP)
While the economy isn’t zero sum, relative wealth distribution is. And poor is a relative term. Poors are poor because richfags take a larger slice of a finite pie.

Wealth distribution is insanely lopsided. And it’s like that all the way to the top. The top 10% gets 60% of the pie, but actually the top 1% gets half of that while 2-9% get half.
And of the 30% that the top 1% gets, about half of it again is owned by the top 0.1%, while 0.2-1.0 get the other half.

So you end up with a situation where the 10 richest people are wealthier than the poorest 3.1 billion.

also gitwm

>>60508942
>also gitwm
You know that's a boy right

>>60506153 (OP)
Yes. But you can hold piss to fix that problem.

>6oynJRMH8xuU4A4fbpS82XwPpwKM3WWts88zquuY9tUT

you could litterally lose a home for not paying the gov't, could lose loans for not paying credit card

most people one payment away from losing all their property, it being towed etc

it's basically worse than the medieval time period

>>60506153 (OP)
the system reorients itself to keep people poor. If people stopped being poor the rules would change until they were again.

I am not absolving people of their bad decisions, but there be dragons.

>>60506224
Im not saying there is a satanic cult running America trying to kill us all. Idk if there is. But Im saying if there was, they wouldnt be doing anything differently.

>>60506177
You are a retard. If everyone was good with money and saved their money to invest in capital we would all be wealthier. We would be far more advanced in technology, we'd have better infraestructures and we would all work less hours because our capital would produce for us. This is how we have material wealth in the west while Africa lives in a fucking shithole despite the trillions in aid we've given them.
Imagine a peasant in feudal europe thinking if everyone was rich nobody would be and that they have already achieved peak wealth. Wealth, streets, cars and houses don't come off the sky, they are the result of years of saving and investing.

>>60509371
>our capital would produce for us.

>>60506153 (OP)
The system is rigged so that a "normal life" costs more than what the average person is worth, in terms of raw value provided ("dollars" don't mean shit). Guaranteed poverty for life.

>>60507008
I don't entirely disagree with you

>>60506218
i was talking to my dad last night. he's 60 and says the country is going to hell. i'm 35 and i saw it go to hell over my lifetime. i can't imagine how bad it is from his perspective. we're a third world country with fancier cars (financed by debt) and less healthcare gibs.

>>60506153 (OP)
Yes
Even when I first moved out and worked some shitty min wage job I was STILL saving money each month. My rent (shared a house with 6 other people) was 40% of my net income.
Some people relish the freakout melodrama of not having enough money or have a drug habit.

Agree w/these
>>60507297
>>60506258

>>60511322
I make vastly more money now and I have colleagues who make the same or more that will talk to me about how they're struggling to pay off credit card debt for X Y and Z. On the outside I smile and nod, On the inside I'm going bitch what the fuck did you spend all of your money on?! HOW?!

What do people even spend money on.
My discretionary spending is eBooks and buying gifts for gay ass holidays/birthdays. I know that any dumb toy I buy is going to make me angry to look at in a month, so I don't really have any junk purchases.

>>60512393
I get takeout a couple times a week.
As for going out drinking and stuff, I can't even enjoy it anymore knowing I'm paying $10 a pint.