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

[Augusta]

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.

My point exactly, they are a lot of people that started from scratch because of their family background but are doing great today

 

[King Belieal]

Starting from a poor background is not easy. A middle class background is where I started from. And that also needs intentionality.

 

[Stardom22]

I have realised that people that come from rich or well off family backgrounds have higher chances for making it in life than otherwise.

 

[Augusta]

But sometimes people don't look at their background they rather work hard to surpass their parents

 

[pousinha]

Starting from a poor background is not easy. A middle class background is where I started from. And that also needs intentionality.

Starting from a middle class (even a low-middle class) is very easier than starting from a poor family.

But sometimes people don't look at their background they rather work hard to surpass their parents

Especially when they are so lucky that none of the family member is a spendaholic.

 

[Augusta]

Yes even when working hard you need to work smart snd know that you can do better without leeches around you.

 

[kit_hung]

I've thought that too! Everyone's financial journey is unique, and family history greatly influences its beginning. Those who come from disadvantaged backgrounds face more challenges, but they also build unique resilience. Every step they take is a victory. The important thing is to keep moving forward, learning, and believing that success is possible regardless of the beginning.

 

[Trush Jodie]

People from poor homes even tend to learn financial intelligence and management quite late in life because there is even no money to manage from their end.

 

[pousinha]

People from poor homes even tend to learn financial intelligence and management quite late in life because there is even no money to manage from their end.

In addition, when the family members from poor homes are spendaholic also, it becomes worse. As you'll always be called to cover their losses. I frequently see such a mishap in Latin America, where it's very common.

 

[magnus2022]

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

I don't think you are right! I have seen many people from poor background who breakthrough all known obstacles and become financial okay. Poverty is more ofca choice than financial status of one's parents.

 

[pousinha]

I have seen many people from poor background who breakthrough all known obstacles and become financial okay.

Did they run fast and far from their spendaholic and consequently indebted family members? If it's their situation. If you are constantly called to cover your siblings and in-law's debts, you'll probably stay always broken as they are...

 

[Augusta]

Yes the journey would be a little easier when the family is Financial stable those that comes later would find it easy to make money