What is the best advise to give to a poor person to be rich?

[kawetsriyanto]

It doesn't even make sense. In order to know if we have skill is experience, experience come from practice. If someone have a good experience in trading, they've trade before. Trading doesn't require a big amount of money, they can start from as small as possible.

I wasn't talking about experience, please recheck! 
In my previous post, I said the poor people couldn't do it even if they have skills in trading because they have no enough money. People only can trade if they have the capital for buying coins/tokens. Sure, they will get enough experience if they already trade for many times.

If we compare 9 to 5 job and trading, I would say trading is way more can be called as instant money because you can trade anywhere and anytime.

Not sure whether you get my point or not, I said getting instant money for being laborers (not for being traders). By the way, trading isn't as easy as you think. Even if we can trade from anywhere/anytime, there is no guarantee to get profits every time we trade. Sometimes it can be quite difficult due to the change of the market condition.

They're stay poor because they have skill, dedication and hard work, but they work under stingy boss and they don't want to look for new opportunity.

People stay poor because of many reasons. It isn't only about having stingy boss. Sometimes it is caused by other problems.

Online jobs have created limitless opportunities for skillful workers. Workers in low-income nations can easily find jobs outside the country that can enable them to earn extra money.

Indeed. Since we have varied of online jobs, everyone can choose which jobs that are suitable for them. Even poor people can join online jobs because there is no limitation about the economic level. It is only about the skills to work on the online jobs.

[G_Besar]

It is almost difficult to advise poor people who are lazy because they tend not to think objectively in acting and often we see poor people do not have the motivation to change their lives for the better in financial terms. There needs to be motivation that is in accordance with the interests they have because in that way it will encourage them to change but if they are not able to fight their lazy nature it will be very difficult for them to develop.

Give them dreams and give a way for them to change then after that see how far their motivation to develop. Sometimes poor people have big dreams but they don't know how to start or they even think it's difficult to achieve success because no one motivates them or gives them a way.

Mindset is indeed quite influential for someone but many poor people have also given up so that they think as if they have no way out of poverty and for those who are like that there is indeed no advice that can be given except to show the way for him to try and I am sure almost all poor people have great motivation if they already know the path to take.

However, for some of them sometimes there are also those who are only given motivation and start their own path to change their lives, sometimes some people do need support and encouragement especially from those closest to them.

[Marvell1]

Unfortunately I wasn't poor and I'm not rich yet, I come from middle class and now I think I'm already in middle upper class.

From my own observation, if the poor want to change their life, they must go out from their hometown and manage the money by themselves. That two criteria is really important, if they grow up and work in their hometown, they likely earn less or minimum. If they go out, they likely to earn higher especially working in developed countries. They must manage the money by themselves too, let's say they earn $5K, they can live by spending $2K, which mean they still have $3K. Don't sent all the money you have to your family, sent only the amount that they can at least live with simple lifestyle.

Because, if you always sent $3K, your family likely to use all of your money without save or invest it.

Your advice is only for people coming from poor countries with corruption, double or triple digit inflation, or rampant unemployment...they should consider leaving their home country and going to countries with better economic conditions. But for those who are poor because of laziness, wasteful spending or gambling addiction...they don't need to go anywhere. They just need to find ways to improve themselves by changing their thinking and lifestyle...this will improve their economy.


Honestly, I'm quite confused by OP's question because it's so broad, as there are so many causes of poverty. We need to at least know the reasons why they are poor, then give more specific advice. Giving general advice won't solve any problems.

[Egii Nna]

What is the best advise to give to a poor person to elevate him or her?

There are many ways in which a poor man can be able to get money to feed himself and his family, but I am going to discuss two.

Firstly, you can get wealth by using skills that is, if you have any skills, because you will have to create a good strategy that will help you get a lot of customers so that you will be able to sell your goods to them. But some of the poor people tend to run services instead of selling goods because by providing services, you will end up getting small money that will not be able to take care of your personal needs, talk less of your family, or even have some to invest. So to get money using skills, you need to sell goods, not render services.

Secondly, by locking in capital at the same time as learning a business, you can achieve this by working for a businessman and getting paid, which you will save some of your salary to also create your own business. With the experience you get from the person you are working for and the money you saved, poor people can still get money, but it just needs time because nothing comes easy; it takes a long time to achieve wealth.

[laijsica]

We have been hearing many people talking about the poor people, they don't do this and that that's why they remain poor. We all have our ideas and how we do things that favor us that also gives us money to take good care of our loved ones and we also don't lack anything. We know how horrible the economy has gotten in our respective countries and some of us are so lucky to find ourselves in a better position or place that gives us all we want...I'd like to ask;
What is the best advise to give to a poor person to elevate him or her?

In reality, due to the state and social conditions you can be born poor and your mentality can also become poor and you can be busy only for your food. Sometimes the financial condition of those poor people is not such that they can get enough food for a part of the day. I am only talking about the condition of people in some regions of the world.

You should gain mental strength to become rich. You can be in any situation. Your ambition can take you to that goal. If I give an example of a friend of mine, he was born in a small poor village. His parents were poor and it was very difficult for his father to serve food for a part of the day. The social and state conditions there were unable to provide basic rights and his father had to struggle to work and earn money.

But his parents ambition was to educate his son and accordingly he started living in the small town and started teaching him in a school and he was a brilliant student. In between stories with us, he told us his experience and he is now a successful businessman. Before starting his business he worked in a bank. I think my friend, who grew up in poverty since childhood had the ambition to become very rich and despite receiving very little support from his family his talent and aspirations have turned him into a successful businessman.

[DeathAngel]

It’s not as simple as giving somebody advice. The person needs to be driven & highly motivated, some people don’t have what it takes. They can start by living below their means, save whatever they can, no matter how little. Learn a skill that’s in demand & keep improving it. Use free resources online to educate themselves about money, investing & trying to building income streams. Stay consistent, avoid debt traps & think long term. Wealth usually doesn’t come fast but small smart moves add up over time. Surround themselves with people who are driven or where they want to be.

[doomloop]

Snowballing is the way when you got nothing to lose maybe aim for the highest.
Maybe create source of income from something that's obvious but not many competition like plumbing company or something that doesn't require capital.

It's the most realistic way as any other thing requires capital to get started and poor people doesn't have capital but still have the man resource.

That is not an easy thing to do. There was a reddit account that made some cleaning business, and he grew to millions and because of him, others tried and while it's true that some of those made money, rest didn't do much at all. This is why it's clear that if you are a good business person, you could take any simple business idea, put your twist to it, and make some money with it. But if you are bad, then you could be given a golden chance and still not make a dime from it.

Those people should be able to stay happy as an employee, I am one of them and I am happy. You can give me Apple company today, and in 10 years I can bankrupt it to ground, so I am happy to be just a worker with a salary because I know myself and what I can do.

[Cpt_reader]

As the saying goes, one kills with rice and saves with intelligence. A beggar came to our beloved Prophet Hazrat Muhammad (S) and asked for alms. Instead of giving him alms, he bought him an axe, with which he was able to go to the forest and cut wood and earn a living. In fact, we have to do something that can alleviate the poor. In fact, we have to go to the poor, what are their problems, how can they be solved, if we don't go to them, we won't be able to know anything right. If it can be solved with money, then it should be done, and if not, it should be solved with intelligence.

[Agbamoni]

If you have read the book, "Think and Grow Rich". You will understand that wealth is all about mindset. If you have the mentality of a wealthy person. When you start having a good source of income you will venture into things that will make you wealthy but when the mentality is poor. Everything you do will lead you to make expenses that will not help you grow. Research proves that if you make someone who is poor rich, he will still end up poor if he lacks a wealthy mentality but if you make a rich man poor, he can stand back up if given the resources.

[lovesmayfamilis]

I would say that your comparison with someone being lucky can be reformulated a little differently. Those people you say were lucky wanted to change their lives. It doesn't matter who and how achieves the best in their lives. If it doesn't concern crimes, then everything is welcome. There will be no specific, clear plan of action, except for what already exists. Education, obtaining skills that must be at the highest level, finding and offering yourself as a working agent who will exceed the employer's expectations, thereby gaining growth in promoting your person. Simply sitting on the couch and dreaming about a rich life, philosophizing about how and what to do without practice, will leave a person in the place where he began to dream of becoming rich.

[slapper]

What is the best advise to give to a poor person to elevate him or her?

There are many ways in which a poor man can be able to get money to feed himself and his family, but I am going to discuss two.

Firstly, you can get wealth by using skills that is, if you have any skills, because you will have to create a good strategy that will help you get a lot of customers so that you will be able to sell your goods to them. But some of the poor people tend to run services instead of selling goods because by providing services, you will end up getting small money that will not be able to take care of your personal needs, talk less of your family, or even have some to invest. So to get money using skills, you need to sell goods, not render services.

Secondly, by locking in capital at the same time as learning a business, you can achieve this by working for a businessman and getting paid, which you will save some of your salary to also create your own business. With the experience you get from the person you are working for and the money you saved, poor people can still get money, but it just needs time because nothing comes easy; it takes a long time to achieve wealth.

Telling someone who is poor to "sell goods, not services" is not a good idea these days. There is no one ladder that fits all. That's the first thing you should know. Selling things can put you in debt faster than it makes you money in some places (inventory rot, shipping costs, and abusive credit cycles). In others, services (when digitally packaged) are explosively profitable. Ask yourself, "How can I create value in a system that wasn't made for me to win?" You're just following someone else's road if you don't ask that. Also, copying a step-by-step plan doesn't get you rich anymore. Things have changed

What poor people need is optionality. The ability to pivot. To try, fail, change, and grow. That requires psychological bandwidth, not just capital. People forget this: someone who is always figuring out how to pay for rice for the week has a different brain than someone who is betting on the long run. Instead of assuming there is an universal answer, let's talk about bottom-up resilience instead: understanding emotions, spotting economic patterns, using technology to our advantage, and being sincere about the fact that the old "save, grind, open shop" model is dying right in front of our eyes

We can't keep selling hope in old-fashioned boxes. When you help poor people, you should tell them the whole story. Tell them to unlearn, relearn, and then rebuild their environment. That's how you make someone better. Not with advice. with capacity

[Swordsoffreedom]

I read somewhere that "the more educated someone gets, the higher his chances of escaping poverty," but it doesn't always work that way in some countries nowadays. Even if you are educated, it will be hard for you to get a job unless you have a good skill that will speak for you, so the best advice I can give to anyone is to learn a good skill and promote themselves instead of wasting their time blaming the government for their failures.

In your opinion, why are highly educated people still unemployed in some countries, and what are the reasons? Is it because of lack of jobs? If the reason is that the government has not provided enough jobs, then having skills will not help you escape unemployment, and it is all the government's fault. If they are not responsible, who will be responsible?

I understand what you mean, that we should save ourselves by equipping ourselves with knowledge, skills and self promotion instead of relying on the government. But it depends because if you live in a country with corruption, high unemployment...you will always be poor no matter how much knowledge or skills you have.

[reagansimms]

~~~

In your opinion, why are highly educated people still unemployed in some countries, and what are the reasons? Is it because of lack of jobs? If the reason is that the government has not provided enough jobs, then having skills will not help you escape unemployment, and it is all the government's fault. If they are not responsible, who will be responsible?

I understand what you mean, that we should save ourselves by equipping ourselves with knowledge, skills and self promotion instead of relying on the government. But it depends because if you live in a country with corruption, high unemployment...you will always be poor no matter how much knowledge or skills you have.

In my opinion, the reason why highly educated people are still unemployed is because jobs that match their skills are very limited, resulting in tight competition because the number of educated people is greater than the number of available jobs. Another factor is the lack of work experience, even though they have higher education, the company prioritize experience over education.

The economic crisis is also another factor, companies will cut the number of employees to reduce the burden of salary expenses. Those who are still unemployed must be more active in developing their potential after graduating from college, diplomas and knowledge are only a formality, but the most important thing is the courage to make decisions to create your own jobs.

[KiaKia]

Failures and mistakes will come, in uncountable fold, and the only thing that will stand against these is your mindset, getting up every time something stroke you down is the key.

The reason why rich people get tired of the poor is because of the poor mindset, it's also why they avoid the poor people because they don't want to get corrupt with such mindset too.

The rich chose their people wisely this is why it's hard to see real friendship between a rich man and a poor man, and also the poor feel trapped in this thoughts and excuses in the world today e.g

Oh it's my boss, he sacked me, if not I would have....

Oh I lost everything that I've worked my ass for since the past four years, and so on.

You automatically lose the moment you fail and choose to stay with your failure, it should have never be an option, the not so giving up spirit makes some humans unique in this world today.

[LogitechMouse]

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What is the best advise to give to a poor person to elevate him or her?

Learn how to maximize money.

I know it's a broad advise since finance is a broad topic as well, but trust me, every single businessmen that we are seeing right now maximized the use of money and they became rich.

Of course there are some things to it. How to leverage using debt? How to make your money work for you? Principles of investing. How to be good at what you want in order to be rich? And many more. If we look at those businessmen, most of them are good at sales, so if you want to be a rich BUSINESSMAN, learn how to be expert at sales. I know some will say INVEST, but how can you have money to invest if you don't know how to make money. Learn how to make money first then from there, it's up to you now on how you will use it. Will you use it to build a business immediately? Will you use it to learn more about business? Will you use it to invest? Will you use it to learn more about sales? It's up to you as a person. What's important is that money will not go to waste.

I know that there are possible advice that any of us can give. Just one thing though. Being rich is hard, but maintaining to be rich is harder.

[Oluwa-btc]

What is the best advise to give to a poor person to elevate him or her?

There are too many advices to give but a lot of people stay trapped not because they don’t work hard but because they don’t have access to the correct possibilities.
Also mentality matters. It’s hard to believe that change is possible and to stay consistent even when progress feels slow, compare yourself with others who are doing better might help open your eyes to new ways of thinking and new prospects.

A lot of advices have literally gone round this cluster of "advicing the poor to get rich."Every of these things have how they operate and how's it's been maximized into perfection.Generally,we all know that poor is a condition and staying poor is a choice.
In addition to everyone's contribute, I'll it's never easy;but waking up everyday,remind yourself that responsibility is power,chase it cause you're your rescue.

[alastantiger]

If you have read the book, "Think and Grow Rich". You will understand that wealth is all about mindset. If you have the mentality of a wealthy person. When you start having a good source of income you will venture into things that will make you wealthy but when the mentality is poor. Everything you do will lead you to make expenses that will not help you grow. Research proves that if you make someone who is poor rich, he will still end up poor if he lacks a wealthy mentality but if you make a rich man poor, he can stand back up if given the resources.

One of the best advice to give to a  poor individual for them to become wealthy is for them to always read books. Books make people become smarter than they're already and it makes them to stay informed. I have read the book you mentioned and that's a good book for everybody to read because the books talks about how to value assets more than liability and making investing in assets become a priority for you. A poor individual will only get rich through investment and the investment doesn't have to be big investments but anyhow their hand can reach is a good story. With consistency, they can grow their portfolio and before they know, they're already in massive wealth.

[Fiatless]

In my opinion, the reason why highly educated people are still unemployed is because jobs that match their skills are very limited, resulting in tight competition because the number of educated people is greater than the number of available jobs. Another factor is the lack of work experience, even though they have higher education, the company prioritize experience over education.

Some universities still offer obsolete courses. Getting a job after graduation becomes a problem since jobs in these areas are unavailable or phasing out. Students should also do research before choosing a profession since some areas are overcrowded. It is observed that the best courses with high employability rates in my country are Science, technology, engineering, and mathematics.

Regarding lack of work experience, I don't see it as a problem. Young graduates should be trained and given the chance to learn on the job. Every experienced worker was once inexperienced.

The economic crisis is also another factor, companies will cut the number of employees to reduce the burden of salary expenses. Those who are still unemployed must be more active in developing their potential after graduating from college, diplomas and knowledge are only a formality, but the most important thing is the courage to make decisions to create your own jobs.

People should also learn how to diversify. If there is a shortage of work, self-employment through business or other techno-vocational skills will be cool. I have a relative who graduated as a microbiologist. But she is now a successful hairdresser since there was no job after graduation.

[Nothingtodo]

Suggestions should be given based on the category of the poor . There will be no benefit in giving suggestions about Bitcoin or Crypto Currency to those who are poor and illiterate. An illiterate poor person will never have any idea about trading or investment. So illiterate people should be given suggestions about things that are suitable for them. They should acquire some skills through which an illiterate poor person can earn a living. However, those who are not able to arrange jobs due to being educated and unemployed can benefit from some ideas about trading or investing. However, it is not possible to solve their permanent problems by trading or investing alone. To solve permanent problems, they must be involved in some physical business. If I feel the need to give suggestions to the educated unemployed, I would definitely suggest that they give importance to business, especially physical business.

[mich]

Well I do think if some one is a poor person he does not want to be rich. I do think he will just not want to be poor. It is not something we all can do to become a rich person.
But for him to start I will tell him to fine a trade he is good at. And then he can earn money in this way. If he can get a education well then he can get a nice paying job so he will not be poor. But there is sometimes more problems a person does have if he is poor.