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Author Topic: Bad decision making of the poor.  (Read 1264 times)

Offline Gurujebs

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Re: Bad decision making of the poor.
« Reply #15 on: October 22, 2024, 07:20:05 PM »

I read a speech Elon musk made about the poor, Elon musk today is one of the worlds most talked person and the richest man in the world producing some unbelievable things, he mad a statement saying, If you give a monkey some banana and also give them job they would gladly pick the banana not knowing the job can fetch you money to buy  ×10 of that your banana.That has been the bad choice making of the poor, bad decision making.

I'm motivated anytime I self and wealthy men talk and gives wisdom but you see anytime I see people used them as motivation in wealth, it doesn't move me because most of the wealthy self people today are not really poor right from birth but they don't have this quarter of wealth they have now but they are not that poor as the media push them, they have strong family backgrounds that has live above poor financial state, that said

Another thing I want us to know is that been poor is a state of mind and not everyone will ever have the wisdom to move away from it and not everyone will leave that state. If everyone is rich, I bet you no one will help you fix your car and I'm sure nobody will be in this forum to begin with.

However, you have made important points though, some people will never have sense of wealth even though it's in there front.
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Re: Bad decision making of the poor.
« Reply #15 on: October 22, 2024, 07:20:05 PM »

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Offline target

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Re: Bad decision making of the poor.
« Reply #16 on: October 22, 2024, 08:02:26 PM »
The only reason why monkey didn't chose the job is because the monkey has no idea what job is.
This could be the same street interview to people giving them the option to chose between $100 and BTC worth 100. Most of them chose $100 because they know nothing about BTC.

Poor people are sometimes just too busy figuring out what to eat the next day than planing for the next business opportunity. Poor man sometimes are just not aware of the options.

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Re: Bad decision making of the poor.
« Reply #16 on: October 22, 2024, 08:02:26 PM »

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Offline UNIVERSE

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Re: Bad decision making of the poor.
« Reply #17 on: October 22, 2024, 11:16:18 PM »
The only reason why monkey didn't chose the job is because the monkey has no idea what job is.
It is all about the ability. Sure, monkey can't think about job because he has no capability to do the job. If monkey has the ability to do human job, every human will be in trouble.  ;D

This could be the same street interview to people giving them the option to chose between $100 and BTC worth 100. Most of them chose $100 because they know nothing about BTC.
Of course, for the average people, they will choose fiats or $100 in dollars. Moreover for people who don't know Bitcoin, how they will think to choose Bitcoin? This will be very useless interview or survey.

Poor people are sometimes just too busy figuring out what to eat the next day than planing for the next business opportunity. Poor man sometimes are just not aware of the options.
It is not because they are too busy but it is because they have no choice to do. Rich people get enough resource for their basic needs, it is very different with poor people that have lack of resource of their basic needs.


Offline 0t3p0t

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Re: Bad decision making of the poor.
« Reply #18 on: October 23, 2024, 08:20:44 PM »
The only problem here is the mindset though not all poor people will choose to live that way til death because some will find ways to rise from poverty and these few people are smart enough to overcome challenges and are willing to hone skills just to get out from a miserable life.

Offline Agbe

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Re: Bad decision making of the poor.
« Reply #19 on: October 25, 2024, 12:59:35 AM »
Well you can't say it's all depends on poor decision making that makes those who are poor the way they are as some poor people are good manger of resources and always make the right decision but the truth of the matter is some of them where not exposed to opportunities that some Rich people heard,

Offline UNIVERSE

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Re: Bad decision making of the poor.
« Reply #20 on: October 29, 2024, 10:38:24 PM »
The only problem here is the mindset though not all poor people will choose to live that way til death because some will find ways to rise from poverty and these few people are smart enough to overcome challenges and are willing to hone skills just to get out from a miserable life.
Indeed, it is sometimes about the mindset. If the poor people have good mindset, they will struggle to change their status. They won't stop doing hard efforts to have the change in their life. But we can't deny that there are many poor people who have no good mindset, they never think to change their status. If they don't want to learn or improve their ability, they will remain to be poor people forever. I hope more poor people to have good mindset.


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Re: Bad decision making of the poor.
« Reply #21 on: October 31, 2024, 09:51:00 PM »
Sometimes it's not like the poor are not hard workers they work very hard to make money for themselves but always we can describe their achievement as from hand to mouth yes they are working but their is not enough to show the pressure on a poor man with family is to make instant money so as to be able to take care of his family they are very poor in financial decisions making and that is the area the rich over shadows them.
Being poor is not anyone's fault other than the one who is in the ruling and policy making because that's where the real change is possible, give them more benefits in every way than who are already previlaged but governments thrive to make the rich more richer since those are most influential who may help them in the upcoming elections.

Your financial status after you’re given birth to as a person is always determined by the family you find yourself in after birth. Your financial path through can only be shaped by you after you’ve left home to have a life for yourself. The government may be blamed to some extent to why people are actually poor but it is not the government to be blamed totally. In a situation where government provides all that is needed for capital development of the people and they don’t want to partake in it, it becomes waste of time and resources. The government as a part to play but also the individuals have the greater part to play in order for greatness to be achieved.

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Re: Bad decision making of the poor.
« Reply #21 on: October 31, 2024, 09:51:00 PM »


Offline Findingnemo

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Re: Bad decision making of the poor.
« Reply #22 on: October 31, 2024, 10:25:48 PM »

Your financial status after you’re given birth to as a person is always determined by the family you find yourself in after birth. Your financial path through can only be shaped by you after you’ve left home to have a life for yourself. The government may be blamed to some extent to why people are actually poor but it is not the government to be blamed totally. In a situation where government provides all that is needed for capital development of the people and they don’t want to partake in it, it becomes waste of time and resources. The government as a part to play but also the individuals have the greater part to play in order for greatness to be achieved.
Of course, without any effort from ourselves, there is nothing can be changed but even after you give everything you can still you could fail due to the policies in your country that is not in the favour of growth let's say if the government doesn't support the infrastructure for start-ups and give them all the resources then even with idea still they could fail or chances of success becomes very rare. Also if you notice people from certain countries became rich than other countries which is mostly due to the infrastructure created by the government that allows the potential candidate to shine.
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Re: Bad decision making of the poor.
« Reply #23 on: November 09, 2024, 10:40:23 AM »
Sometimes it's not like the poor are not hard workers they work very hard to make money for themselves but always we can describe their achievement as from hand to mouth yes they are working but their is not enough to show the pressure on a poor man with family is to make instant money so as to be able to take care of his family they are very poor in financial decisions making and that is the area the rich over shadows them.

I read a speech Elon musk made about the poor, Elon musk today is one of the worlds most talked person and the richest man in the world producing some unbelievable things, he mad a statement saying, If you give a monkey some banana and also give them job they would gladly pick the banana not knowing the job can fetch you money to buy  ×10 of that your banana.That has been the bad choice making of the poor, bad decision making.
Some poor people are very hard working, and it is not their fault that they don't always get what they want, maybe that is what destiny has written for them, that is why whenever they found themselves in a situation whereby someone offered them a huge amount of money or job, they will be confused on which to choose, and at the end they will choose money thinking that it will be enough for them and also cover up a lot of their needs/wants, not knowing that they are making a big mistake for choosing money over job, because they will spend the money and it will definitely finish, but by accepting the job they will be able to make multiple of the amount of money given to them, but some of them can not wait patiently till then.
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