Why Poor People Are Poor Research Paper

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Why poor people are poor

In society of the world and in all economic environment, the ratio of rich to poor is usually on 2:8 out of every 10. This continues as case since civilization till the present day. What could be the cause or why is poor people poor, and why is the rate increasing exponentially.

I pondered on this question for long, as becoming rich is a goal for me, haven seen the 20% out of the 100% of the population leverage on the 80% resources (luxury, food, money, comfortability etc) of the world while the poor 80% of the population leverage on the left 20% resources of the world. This is the case all around, centuries has seen this and it's still persisting. Many poor people now see being rich as a bad thing, they now see this
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What we are to take home from this study

What is really being poor Being poor is the easiest (the easiest lover are likely poor)Being poor is not a condition, it’s a mind-set. Being poor is a choice Reasons why poor people are poor being poor is the easiest thing

Have you viewed the popular TV show (who wants to be a millionaire) or have you seen a lotto or luck win promo, where a poor person having just enough to apply for the show or promo to sky rock to a billionaire (winning billions of Naira or dollar). Have you also saw the rate at which the billion reduce to the same amount he registered with, growing up I attribute it to the use of unseen powers by the promo company but understanding made me see that it's not that but its indiscipline and the following of the easiest way on the side of the winner. After winning such money they are often asked “what will you don with this money” we usually hear wonderful plan and goals but which sound good and only as it sounds, they are never achieved cause they are never worked on nor followed because they realize it's harder than said, and so they follow the easiest way-being
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The need to save and invest.

You don’t have to save after spending, you spend after saving.

Reasons why poor people are poor: dependence on paychecks

This is the number one proof of a poor person, one who can't survive without a paycheck, one who can't live nor survive without a paycheck. One who can't live if the government refuses to pay, if they downsized from their job(s).to be rich one have to be independent on paycheck, poor people depends so much that before the paycheck comes the money is far spent and will look forward to the next paycheck, no matter how handsome they pay defense on paycheck produces poor people.

More reasons why poor people are poor

Reasons why poor people are poor: failure to develop their intellectuals

Reasons why poor people are poor: Failure to save, plan and invest………. To stay tell subscribe to abode business

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