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Author Topic: If you rich you will be poor If you poor you can be rich  (Read 1170 times)
bettercrypto
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November 02, 2024, 05:16:14 PM
 #41

What I know is that there are rich people who suffered because of the trials that went through their lives and eventually recovered and returned to being rich and even richer.
Because I have read proverbs that the rich will get richer and the poor will get poorer.

So that means there are poor people who worked hard in life and became rich, and when they got rich they got even richer. There are also people who suddenly became rich because they hit the jackpot in the lottery or in gambling, then in a short period of time because they were careless about their wealth won the lottery, then it became difficult again because they didn't become wise in handling wealth or money.

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November 03, 2024, 03:58:32 PM
Last edit: November 03, 2024, 06:50:41 PM by Saint-loup
 #42

So you mean the world is about to enter into a new economic cycle where Pareto principle and distribution won't exist anymore? That is to say 80% of the market won't be held anymore by 20% of the companies, the 20% biggest ones especially?  Historically, wealth tends to concentrate again over time actually, even after major economic resets, so the idea that the average businesses or individuals could gain access to the assets previously held by large corporations is a bit chimerical IMO. Wouldn't it only be a matter of time before new players emerge and just become the 'new rich' instead of the old ones and finally the 20% top ones as it used to be before, in the end?

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November 03, 2024, 04:27:43 PM
 #43

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

But If you are rich you lose ofc If you like super rich you don't lose but If you are just average company for example construction company you will go bankcrupty and you might own the debt.
So those who got cash waiting now when bigger things fall so they can buy them up.

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.

It is infinitely harder for a rich person to become "poor" again (without numerous stupid and repeated bad decisions on the way down) than it is for a poor person to become that rich. If a billionaire loses a couple hundred million because of share price moves, they've still got more money than most people would ever spend in 100 lifetimes. People often struggle to comprehend how much money that really is and forget that such sums, when properly invested, are growing in volume by tens of millions per year without the owner lifting a finger. It is incredibly hard to even raise a million if you're on the minimum wage and would probably take your whole working lifetime to achieve.

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November 03, 2024, 04:33:55 PM
 #44

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

You don't make much sense. How will large businesses go bankrupt and small businesses be okay if there is a liquidity crisis? And how can one buy other companies when they are facing problems if there is not enough resources because you said you can do that if you are not rich?

But If you are rich you lose ofc If you like super rich you don't lose but If you are just average company for example construction company you will go bankcrupty and you might own the debt.
So those who got cash waiting now when bigger things fall so they can buy them up.

You can't call someone who has enough cash or resources to be able to buy a company that goes bankrupt or faces financial problems because a company doesn't lose all its worth just because it's facing problems. It will lose value, of course, but it doesn't mean the current owner will sell the company to someone for an extremely low price.

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

That is definitely not how it works in corporate businesses. You are talking about small local businesses where one person who starts a business, fails financial problems, sells it at a lower value, and someone else becomes the owner. In corporate businesses, those who own a business will have backup plans, and they have enough credit value to get loans in case they face problems, and they use those loans to either start something else or put the money in their business to bring it back on the track.

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November 03, 2024, 06:05:58 PM
 #45

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.


Honestly I must say your ideology is entirely wrong and off guard because I don't see why the rich will become poor  cause of crisis, having made so much wealth and assets even in the worse economy state they tend to look for means inorder to double their efforts and make so much profits  but for the poor they beat up task inorder to meet up with the standards and levels of the rich. So I think your words ain't true or got lighter chances of being effective and your words too are just contradicting themselves.

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November 03, 2024, 07:03:52 PM
 #46

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.


Honestly I must say your ideology is entirely wrong and off guard because I don't see why the rich will become poor  cause of crisis, having made so much wealth and assets even in the worse economy state they tend to look for means inorder to double their efforts and make so much profits  but for the poor they beat up task inorder to meet up with the standards and levels of the rich. So I think your words ain't true or got lighter chances of being effective and your words too are just contradicting themselves.
I have never seen anyone who after being rich became poor again and those who were poor became rich. But yes there can be ups and downs in people some one became rich but somehow he can become poor again but the matter is not same for all. Generally very few people who become rich and then become poor again. People who are rich usually try to do to own more money in order to become even richer. They give priority to profit in every case which is why they are less likely to be poor.

And for those who are poor, it is possible to become rich, but it is not in everyone's favor. Because those who are poor have no chance of having more money than they need, that's why they will have no chance to become rich if they want. So there is no way to say that one who is rich will be poor and one who is poor will be rich.

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November 03, 2024, 07:57:27 PM
 #47

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

But If you are rich you lose ofc If you like super rich you don't lose but If you are just average company for example construction company you will go bankcrupty and you might own the debt.
So those who got cash waiting now when bigger things fall so they can buy them up.

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.
You just can't be sure about the small local businesses being okay when the big ones are totally devastated by a crisis. We've been there and take example during the pandemic, too many businesses have closed. Of course during lockdowns, many have to closed down and there were a lot that haven't recovered. That's why the big ones can take great tolls of economic impacts but the smallest ones are the ones likely being hit when crises happens. That's why if you're telling that they'll be okay, you can't be sure with that. Okay, some might survive and doing ok continuing the business but then, it's all about how the majority is doing when great tolls come to the global economy.

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November 03, 2024, 11:59:35 PM
 #48

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

But If you are rich you lose ofc If you like super rich you don't lose but If you are just average company for example construction company you will go bankcrupty and you might own the debt.
So those who got cash waiting now when bigger things fall so they can buy them up.

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.
You just can't be sure about the small local businesses being okay when the big ones are totally devastated by a crisis. We've been there and take example during the pandemic, too many businesses have closed. Of course during lockdowns, many have to closed down and there were a lot that haven't recovered. That's why the big ones can take great tolls of economic impacts but the smallest ones are the ones likely being hit when crises happens. That's why if you're telling that they'll be okay, you can't be sure with that. Okay, some might survive and doing ok continuing the business but then, it's all about how the majority is doing when great tolls come to the global economy.
Of course, unsuccessful economic conditions seem to bear a heavier burden on small business as compared to large ones due to their poor resources and reduced ability to cope with such blows. Small businesses: During the outbreak, many small businesses shut down while others barely hung on since they experienced constraints and low sales. This scenario is true because small businesses are comparatively more exposed and vulnerable in any calamities than the large firms that can always rely on deeper pockets to counter any or every adversity.

But, as it is in every calamity, there is always the smallest chance for small businesses to take a lesson from it and strive for innovation. It’s not easy, but the people who can manage to change or create something valuable are usually the ones who manage to ready and succeed in the future. Although the economic future is unclear, assistance from different stakeholders with opportunities to adapt might enhance small enterprises’ performance.

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November 04, 2024, 01:02:18 AM
 #49

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues. So those who are Rich Will lose now everything and those who not so rich can take everything.
If you are waiting for business men or women to fail or become bankrupt before you can acquire such opportunity, then you gotta save a whole lot of fund.  Because It's not really easy to find such opportunity. Such opportunity is rear to find. It's better you start a person business that you will nurture as an interprenurer the. If such opportunity comes your way then it becomes an additional gain to your business.

There has been several speculation on how business tycoon lost their assets all because of lack of management and they lose their company to some other company. Most time such companies take loan to recover or collaborate with some other big companies, for new company to become a major stake holder that will still benefit them, even  if it's doesn't profit them as usual but atleast they will still maintain their brand or name. While someone is behind funding them.


 
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November 04, 2024, 05:26:28 AM
 #50

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues. So those who are Rich Will lose now everything and those who not so rich can take everything.
If you are waiting for business men or women to fail or become bankrupt before you can acquire such opportunity, then you gotta save a whole lot of fund.  Because It's not really easy to find such opportunity. Such opportunity is rear to find. It's better you start a person business that you will nurture as an interprenurer the. If such opportunity comes your way then it becomes an additional gain to your business.

There has been several speculation on how business tycoon lost their assets all because of lack of management and they lose their company to some other company. Most time such companies take loan to recover or collaborate with some other big companies, for new company to become a major stake holder that will still benefit them, even  if it's doesn't profit them as usual but atleast they will still maintain their brand or name. While someone is behind funding them.
Waiting for a businessman to go bankrupt and we want to take over their business certainly requires large funds so that we can take the opportunity but we also have to understand well whether we will be able to make the business run well or not because having sufficient funds alone is not enough to take over someone else's business that is bankrupt and indeed it would be better if we start from the beginning with all the preparations that we have prepared and continue to develop the business that we run well.

In running a business, of course, you must have good management so that they can survive in all conditions they face and without having good management of course they will go bankrupt and cannot keep their business running well, choosing to seek a loan is good if they can fix the mistakes they have made but without fixing the mistakes of course this only delays the destruction of the business they run.

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November 04, 2024, 05:46:57 AM
 #51

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

But If you are rich you lose ofc If you like super rich you don't lose but If you are just average company for example construction company you will go bankcrupty and you might own the debt.
So those who got cash waiting now when bigger things fall so they can buy them up.

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.
If I'm someone who do have the money or capital for me to build my own business then waiting up for someone to go bankrupt doesn't really have any sense.How you would be so sure that they do go bankrupt just because they can't be able to pay up their employees? So why you would be trying to catch up a business that hadn't become profitable? Bankrupt means they didn't able to sustain and it's quite optimistic that you will really be assuming that they had some good number when it comes to customers or users or supporters etc.
Somehow there were other issues can be known on like having some legal problems like taxation or having some major problem in terms of financial management or the management itself yet this could possibly arise on a certain company,but usually if it does talk about bankruptcy of business then it do simply implies that it isn't sustainable.

Instead on waiting then it would be wise that you do really that start on your own rather than on waiting on something to go bankrupt just because you are believing into something.This is why on the moment that you do decide on running or building up a business on which proper planning would really be that relevant or something that needs up to consider.Rich people won't be liking on catching up those failed businesses on which they won't really be that trying to recover a failed business not unless if that person have some brilliant idea that he do have in mind then it's up to someone's choice and decision in the end of the day.

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November 04, 2024, 05:56:13 AM
 #52

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

Recent bank failures, such as Silicon Valley Bank, have shown that small to mid sized businesses and banks are already feeling the heat, particularly with rising interest rates squeezing available credit. That tends to result in more cautious spending, with less cash flowing freely across the economy-not exactly a setup for "the rich losing everything" and smaller players swooping in to buy them up. Regulators are even considering tougher regulations on such banks in order to reduce the potential for further instability that could dampen new opportunities for major asset purchases  .

Moreover, much of the capital nowadays is not just "sitting idle"; a lot of it is involved with high, yielding assets or reinvested in the still growing sectors such as technology and green energy. And while downturns can bring cheaper assets, smaller buyers may still find it hard to secure financing due to current credit restrictions and high costs. So, with the current financial policy and response of the market, expecting a "balance reset" wherein the rich lose it all is very unlikely; cash might move a little more.

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November 04, 2024, 10:22:33 AM
 #53

It is true that many ideas must be thought of in developing a business, in all conditions it is necessary to adjust according to the circumstances, that is how to survive in a business that is built in economic uncertainty, yes it is difficult but poor people it may be even more difficult to survive in conditions like this even though there is hard work that they do.
So that those people who are involved in a business must have creativity to manage their business. They must find out how to survive for ther business in any circumstances so when they can have many ideas for their business and do that one by one, they will not face a problem. They will have more chances to grow their business and slowly they will see how good the result from what they do. They don't have to feels that is difficult because that will depends on how they can react with the current situation so they can still runs their business. When poor people can do many things that they can, they will have a chance to have a better life and will not face a financial problem. They will have more opportunities to earn money so if they consistent and serious with what they do, they will make more money which can help them to have a better life.

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November 04, 2024, 11:13:19 AM
 #54

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Your ideologies about businesses during economic crisis is one-sided. If small businesses or the poor (as you call them) have that much capital to buy the big businesses when these big businesses go bankrupt, why didn't they invest that money in the expansion of their own business a long time ago? What exactly are the small business with low capital and low labour doing differently for them not to also feel the impact of the economic crisis that is already making big businesses go bankrupt.

During economic crisis, big businesses cannot be easily wiped off except it is a case of poor management or some natural disaster beyond their control. If everything goes that bad, they can opt for mergers with another big business or the business is acquired by another big business. Small businesses are not left out in the economic troubles too, they will also be struggling. It will be very rare for small businesses to be able to take over the businesses of the rich except they get lucky to go into a partnership with the big business.

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November 04, 2024, 01:26:23 PM
 #55

I can't fully agree with that because it doesn't make sense that rich people would be poor. This does not apply to all rich people because there are famous rich people in the world who are constantly changing their status by taking new initiatives. If you imagine Warren Buffett and he is so thrifty even at this age that he does not spend money unnecessarily then he is unlikely to ever be a poor man in his later years. But there are many rich people who are extravagance and gambling types who can turn from rich to poor just because of reckless spending, despite being billionaires or millionaires. In other words, it will not take much time to become poor even if the people who are reckless and unaccountable do not spend according to their income.
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November 04, 2024, 02:01:05 PM
 #56

If there is liquitity Crisis then small business is ok.
But the bigger ones will lose If this crash comes then you can only get rich If you not rich because you can buy cheaper assets and even the collapsed companies cheaper wich has good name customer base and workers.

But If you are rich you lose ofc If you like super rich you don't lose but If you are just average company for example construction company you will go bankcrupty and you might own the debt.
So those who got cash waiting now when bigger things fall so they can buy them up.

Now you can buy your local business up soon because business owners will get on trouble to pay their workers definately and other issues.

So those who are Rich Will lose now everything and those who not so rich can take everything.

Once the rich have Lost the economy Will balance again around the world a lot money and assets will be in economy again right now cash is on accounts and don't do nothing the crash the collapse Will make money to move around again.

One thing that you still don't understand about the rich is one simple thing: the rich will always get richer and the poor will still get poorer because the rich have the capital already and the poor have not. So even if there is liquidity in the economy and there is a downfall in other big businesses, the poor will never have that money to buy such businesses, but the same rich people that will still buy them. So don't deceive yourself. The economy is not a miracle that all the rich will get broke and all the poor will have the money; it won't ever be like that, so if you will forget about your imagination and focus more on yourself to get more money in the future.

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November 04, 2024, 03:04:26 PM
 #57

Loss of liquidity is bad for businesses in general, I don't understand why the op seems to suggest it's less of an issue for small businesses. When a crisis hits, those already most vulnerable tend to suffer the most because their situation was already fragile and now becomes urgent. A small business barely making any profit would find itself at a risk of closing, while a big one is more likely to have a safety net that can help weather a storm.
Also, if your business is very big, you're likely to have enough connections and to be perceived as important enough that you might get bailed out by the government. Or at least get some kind of financial aid because you falling down would mean the economy getting even worse.

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November 04, 2024, 03:44:56 PM
 #58

Brother, I was a little shocked after seeing the subject of your post, but what you said may be because I was watching a video a long time ago. Later born live more luxurious life after their luxurious life their next generation will become poor again this cycle will continue like this but in present time what is seen but rich people are getting richer poor people are constantly struggling with the economy well Couldn't do anything.

Rich people are using their wealth to become more and more luxuries, but as economic jobs are progressing, ordinary middle class people are struggling to run their families where they can dream of becoming rich.

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November 04, 2024, 04:07:04 PM
 #59

I can't fully agree with that because it doesn't make sense that rich people would be poor. This does not apply to all rich people because there are famous rich people in the world who are constantly changing their status by taking new initiatives. If you imagine Warren Buffett and he is so thrifty even at this age that he does not spend money unnecessarily then he is unlikely to ever be a poor man in his later years. But there are many rich people who are extravagance and gambling types who can turn from rich to poor just because of reckless spending, despite being billionaires or millionaires. In other words, it will not take much time to become poor even if the people who are reckless and unaccountable do not spend according to their income.
It seems like this is just incomplete, such as for example rich people will continue to increase their words or can become poor, and poor people will continue to be poor, but they have the opportunity to become rich. Well, maybe we can accept that more, because there are 2 opportunities that can happen, the first is the good side and the second is the bad side. I also have the same opinion as you, that many rich people are also getting richer, they can easily get additional wealth because their capital is very supportive. However, those who become poor because they cannot manage it very well so that it makes them have to fall from the wealth they have.

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November 04, 2024, 11:33:15 PM
Merited by fillippone (1)
 #60

I can't fully agree with that because it doesn't make sense that rich people would be poor. This does not apply to all rich people because there are famous rich people in the world who are constantly changing their status by taking new initiatives. If you imagine Warren Buffett and he is so thrifty even at this age that he does not spend money unnecessarily then he is unlikely to ever be a poor man in his later years. But there are many rich people who are extravagance and gambling types who can turn from rich to poor just because of reckless spending, despite being billionaires or millionaires. In other words, it will not take much time to become poor even if the people who are reckless and unaccountable do not spend according to their income.
It seems like this is just incomplete, such as for example rich people will continue to increase their words or can become poor, and poor people will continue to be poor, but they have the opportunity to become rich. Well, maybe we can accept that more, because there are 2 opportunities that can happen, the first is the good side and the second is the bad side. I also have the same opinion as you, that many rich people are also getting richer, they can easily get additional wealth because their capital is very supportive. However, those who become poor because they cannot manage it very well so that it makes them have to fall from the wealth they have.
Of course, life provides different opportunities, and the position of a man may be different in the different period of his life. The high net worth individuals understand the drill of accumulating wealth easier given their financial might; however, they wouldn’t know the reverse if they cannot handle wealth.

The same way the poor dwells in poverty they can also work hard and transform their fortune and the available opportunities offer. In conditions that have been described above they observe that fate can turn for better or worse depending of how one manages the means at his or her disposal.

With this understanding we can afford to appreciate the efforts that is being made in order to continue the development with either large or small capital. We must always keep opportunities because they are always available; we always need to ensure that they are properly managed so that they may continue to perform well in the future.

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