The family background of a person largely determines their financial journey.

[Fidelia]

Have you ever wondered how the financial journey of people differs from one person to another? For some people, their financial journey is determined by their family background. People from poor financial background always have steeper financial journeys. What do you think?

 

[eLdavis]

Yes that's true, a person from a poor background has more work cut out for them compared from one who came from a well established family.

 

[Springtime]

Yes, people who are born with a silver spoon have a smoother financial journey provided s(he) manages his/her wealth properly. For people born in a poor family, that does not mean s(he) cannot become rich someday. If s(he) works hard at school, get a good education, and have a smart mind, s(he)'ll succeed.

 

[Starmix]

That's the real thing. Those who are already rich continue their journey being rich up to the next generations, The poor remains poor if they won't change their journey.

 

[Nomad]

While we can see a lot of self made millionaire and billionaire, most of the time you are likely to be rich if you were born in a well to do family.

 

[King Belieal]

A middle class family is a good springboard for a strong financial journey. It is the poor financial decisions that make people from Middle class families to struggle financially.

 

[Fire&Rain]

Very very true. I have seen in my country that your family background gets you easy access to the finer things in life.

 

[Trush Jodie]

If your parents can at least have a middle class status, they would set you up to have a relatively easier financial journey through your education and exposure they gave you.

 

[Min George]

That you have poor parents doesn't mean you can't rise above poverty and be a financial success. Some people even have rich parents and they end up financial failure themselves.

 

[freelancermaria]

If you come from a rich family, you are likely to have better financial resources, especially if you know how to manage your money effectively. Meanwhile, people from less affluent families often have to work harder to secure a brighter future.

 

[Augusta]

A person's family background significantly influences their financial journey by shaping their financial literacy, access to resources, and even their career choices and opportunities

 

[Stardom22]

Of course yes. The family background like rich families always have their descendants financial stable because they get quality education and all what they need for their future

 

[magnus2022]

Your observation is true. When you are from middle class family, it is easier to scale through and become financial okay. On the other way round, if you are from poor family background, you have a lot of work to do. You have to start from scratch and do a lot of groundwork.

 

[Kross]

A person from a poor family has to start building financial infrastructure for him or her to lay foundation on to establish a financial life.

 

[Augusta]

Yeah it depends sometimes on grace you can come from a poor home but you journey better with your finances

 

[pousinha]

Obviously. If John Doe was born in a poor family, this means his family can't pay the best schools so he could get the best education level to cope with a demanding university course (for ex., like Medicine). As the most demanding university courses lead to well paid careers. In addition, as in a lot of poor families don't lack lavishing members, this John Doe will often feel himself in charge of them, if after many efforts and sacrifices they reach a good position. So his salaries will be divided into his brother Jerry Doe and his in-law Jack Doe. In such a way, it's hard to leave poverty (I really have known a couple bumping into such a mishap).

 

[Nomad]

If your parents are rich, it is very likely you will become rich. If your parents are poor, they cannot afford proper education for you and you end up being poor

 

[King Belieal]

There are some high profile connections that children of rich people naturally step into. And they would automatically become rich. Children from poor homes really have to struggle to get such connections.

 

[Augusta]

You can still live above your family means but you just have to work harder and smarter to get there.

 

[King Belieal]

You can still live above your family means but you just have to work harder and smarter to get there.

Anyone from a poor background would have to work very hard and also hope so much that good fortune helps them to break that cycle of financial disadvantage.