The rich man's wealth is his strong city; the destruction of the poor is their poverty. So says the scripture. Why the rich are getting wealthier, the poor are getting poorer and the gap between them is widening every day. The poor wonder why the rich succeed in everything they do and the poor fail in their little effort, isn't it the same blood that flows in our veins? Are the rich born with two heads?
The issue here is not about being poor or wealthy but the difference in attitude toward money. The poor are getting poorer because they think that saving money is what makes the rich richer, but the rich go to the bank to borrow the money saved by the poor to build houses and shops for the poor to rent. What ironing to live as a tenant in a house or to do business in a store built with your money because you don’t know how to use it. This is what am talking about here.
Where it all began
While the poor wait for the government to create jobs and basic services to meet their needs, the rich build their jobs and infrastructure to meet their own needs. The reality is that the rich create new jobs and break new borders while the poor compete for a few government jobs. And the best the government can do is to encourage the poor to save in the bank they built while the money is being loaned out the wealthy businessmen and others who know how to use money. But everyone has a choice, you can choose to play along with the system or create your system.
For example, Godwin graduated in computer science, he was offered a job of $120 a month salary. He knew no matter how long he saves he can never be financially free. Instead of continuing in that job Godwin resigned, took a small loan in the beginning, and start a computer and mobile phone repair business. In no time Godwin's business expanded and started having branches. He would borrow more money from friends who are salary earners to maintain these expansions. In no time, this guy became the talk of the town as his friends whose money he borrowed initially keep wondering how he became successful.
There is one common thing with the poor and the rich, "the need for money"
The rich need money just as the poor do. While the former continues to make its streams of wealth, the latter will be paid a monthly salary. And when the salary finally arrives, the little that remains after necessities are quickly met and taken to the bank, a common place for the rich and the poor.
Encouraging you to keep saying money in the bank is like encouraging you to stay poor. The bank is the only place where the rich and the poor have the same ownership but different interest. While the poor bring in the little money they have in the bank to save, the rich go there to borrow the money. The poor save money because they have nothing at that time to do with it, the rich come and borrow the money of the poor because they have more ideas than they have.
I had read elsewhere that a person suffers because he does not understand how money works. When a person begins to understand/have an idea about how money works, it is like a moving train with them. Also, a rich person is not defined by how much money he has in the bank, but by how he used his $1 and the expected income from that $1. That's how money works as told by a great personality like Warren Buffet in an interview.
Differences maker
While the poor are busy every day thinking about the money they have saved in the bank, the rich are increasing their interest in investing with the money they have borrowed from the bank, the money of the poor. The rich get richer using the money of the poor. And the poor are getting poorer because they don't know what to do with their money.
A poor person loses not because he is poor because he lacks the ideas to let money make money for him. The poor think that getting rich mean having a lot of money in the bank, which is why every little thing they get they take to the bank while the rich go to the same bank to borrow the money and invest in a profitable business, making more money with the Poor money
The truth
There are many people who are only millionaires in the bank, but they rent houses and shops built by the rich and the poor with a bank loan. There is no way one can get rich by saving, the only way to sustainable wealth is to invest and not saving. It will come as a surprise to you that the only money the rich allow into their bank account is a small balance to keep it alive. All the money they have is reflected in one investment or another.
The decision
Life is a risk, and getting rich is also a risk. Risk your life with your money, if you fail you will learn, and if you succeed you will be a good example to others. There is no shame in failure, the only shame you should avoid is not to be ashamed. You should know that all the millionaires and billionaires you see today started somewhere, and they have failed many times but they do not stop.
After all, life is a risk, and staying idle can lead to endless suffering. The poor watch the rich grow their businesses and wonder where the money comes from. They see rich people going to the bank thinking they are going there to save without realizing that their money is being loaned to the rich to expand the business.
Decide today to take that money from your bank and look for a profitable investment to put it in, so that you can reap twice in time.
The rich get richer and the poor get poorer.
Hi, dear friend,
I very much agree with the arguments of your article. You reflect very well an ancient reality, which determines why there are poor and rich.
Taking control of finances is essential to being prosperous in life. Discern between spending or investing, and not being afraid to undertake to achieve the goals you set for yourself.
Of course, without a moral and ethical guide, any strategy will lead to destruction, even if you get a lot of money.