Are the rich destined to be rich?

[Alberello75]

A significant portion of wealth is passed down from one generation to the next. Inherited wealth provides a substantial head start in terms of capital, assets, and opportunities that are not available to everyone. Wealthy families often have strong social networks and connections that provide access to exclusive opportunities. These networks can open doors to better education, job opportunities, and investment deals.

Wealthy families can afford better education and resources for their children. This can lead to higher earning potential and greater opportunities for success. Children from wealthy families are often exposed to financial concepts and investment strategies from a young age. This early education can give them a significant advantage in managing and growing wealth. Wealthy individuals often benefit from systemic advantages and privileges.

Lastly, while inherited wealth, social networks, and systemic advantages can certainly increase the likelihood of someone becoming rich, it is not necessarily a predetermined destiny. Social mobility, entrepreneurship, education, financial discipline, and even luck can all play a role in determining who becomes wealthy.

Well, what you said is all true, but to answer your question, I can add this. The rich will not only remain rich and privileged, but they are becoming increasingly richer. This has also been demonstrated here in Italy, where the luxury market not only knows no crisis, but, especially in recent years, has been growing exponentially.

 

[Starmix]

Well, what you said is all true, but to answer your question, I can add this. The rich will not only remain rich and privileged, but they are becoming increasingly richer. This has also been demonstrated here in Italy, where the luxury market not only knows no crisis, but, especially in recent years, has been growing exponentially.

I second your conviction about the financial strength of the rich , despite economic crises, they are not affected, as if nothing has changed with the economic situation of their environment. The rich are destined to be rich, but poor people can also elevate their financial statuses through hard work, discipline, and positivity.

 

[Alberello75]

I second your conviction about the financial strength of the rich , despite economic crises, they are not affected, as if nothing has changed with the economic situation of their environment. The rich are destined to be rich, but poor people can also elevate their financial statuses through hard work, discipline, and positivity.

On the first point we all agree, but on the second point the issue, at least as far as my country, Italy, is concerned, is decidedly debatable.
First of all the Globalization has contributed to this huge gap between rich and poor. But especially in my country, a key factor is unfair tax policies, meaning some of these can favor the rich, while the poorest, who are more vulnerable to economic shocks, have fewer resources to respond. In short, while wealthy people accumulate wealth through investments and access to capital, the poorest class, on the other hand, struggles to maintain their standard of living due to structural changes in the economy and a lack of tools to improve their economic condition. We can say that a poor man, perhaps with some effort, could improve his position slightly but he will never be able to become rich.

 

[Starmix]

That's sad, it's not only happening there. It happens anywhere in the world, the poor remain people remain poor. But despite poor, they are happy and free from bad vice and bad elements that lure people.

 

[Trush Jodie]

Even people that were born into very rich families are not destined to be rich. There is one thing that can happen and they become completely broke. Being rich is a function of how you live your life and the decisions you take.

 

[Starmix]

If you are hardworking and have an initiative to reach your goal to become rich, then most likely, you will start by saving.After accumulating your savings you invest that is the springboard to acquire wealth.

 

[Alberello75]

Even people that were born into very rich families are not destined to be rich. There is one thing that can happen and they become completely broke. Being rich is a function of how you live your life and the decisions you take.

In my opinion, these are mostly people who inherit large fortunes, but squander them because they don't know how to manage them.

 

[Tray59]

Rich are not really destined to be rich some time it's as a result of their hard work and I believe some riches are inheritance maybe your parents were rich and you can also become rich

 

[Alberello75]

Rich are not really destined to be rich some time it's as a result of their hard work and I believe some riches are inheritance maybe your parents were rich and you can also become rich

Not in my case, dear friend. My parents weren't rich so I don't come from a wealthy family at all. Now I only have my mother left, and I can tell you that on the contrary, she has a loan to pay despite her pension.

 

[Starmix]

Some rich people are destined to be rich, and that's fate no one can refute. These rich people are hardworking and committed to their goals, and a bit of luck lets them see the version of their life reaching the pinnacle of financial wealth.

 

[Bigshow]

Rich can be destined to be rich but some their richness can collapse due to lack of profits ,also behaviours of those richest people matter to people and God i you are arrogant the richness shall fate away

 

[Starmix]

Those who are destined to be rich all burned their midnight candles just to reach their financial goals. They do not have time to stay in their comfort zone. They are utilizing their younger age and the chances to discover the true wealth through hard work. There are people despite working like a horse, never have a chance to get rich.

 

[Sanjeev]

It is not necessary, sometimes a poor guy becomes rich and rich becomes poor if he doesn't work hard and smartly which may lead to lose his/her wealth in less time.

 

[Springtime]

To a certain extent. If a person is born with a silver spoon, s(he) has a lot of resources. But that does not mean that it will last forever. If s(he) does not manage his/her finance well, or make big mistakes in investment, s(he) may go bankrupt.

 

[Starmix]

If the parents are rich, the children will also follow the footsteps of their parents. They are used to live in luxury, so they will also learn how to manage a business which is why they are destined to be rich. Seldom we hear poor become rich.

 

[Alberello75]

If the parents are rich, the children will also the footsteps. They are used to live in luxury, so they will also learn how to manage a business which is why they are destined to be rich. Seldom we hear poor become rich.

Yes, it is practically impossible on both sides, so the rich remain rich as will their children and the next generation, in short, the same cycle repeating itself like a loop.

 

[Starmix]

Yes, it is practically impossible on both sides, so the rich remain rich as will their children and the next generation, in short, the same cycle repeating itself like a loop.

Correct, that's why it is important to instill one's mind to change the picture of their lives from poverty to something one can appreciate. That something is the new version of their lives from poverty to richness. However, only a very few are doing this. They never care, all they care is the present, no more future to bother about that signifies change.

 

[Alberello75]

Correct, that's why it is important to instill one's mind to change the picture of their lives from poverty to something one can appreciate. That something is the new version of their lives from poverty to richness. However, only a very few are doing this. They never care, all they care is the present, no more future to bother about that signifies change.

Exactly, it's important. I especially need to take your first sentence into account: that is, I'm currently on the brink of absolute poverty, so I can only make improvements that might allow me to maintain a decent standard of living in the future. However, the situation for the most vulnerable is dire right now, with the poorest actually at risk of falling into the worst absolute poverty! But this is truly wrong, and governments should absolutely not allow it to happen, which, sadly, they're not doing at all!

 

[Starmix]

Exactly, it's important. I especially need to take your first sentence into account: that is, I'm currently on the brink of absolute poverty, so I can only make improvements that might allow me to maintain a decent standard of living in the future. However, the situation for the most vulnerable is dire right now, with the poorest actually at risk of falling into the worst absolute poverty! But this is truly wrong, and governments should absolutely not allow it to happen, which, sadly, they're not doing at all!

It's a universal issue governments don't care about the welfare of the people especially the common masses. Corruption is rampant anywhere in the world. Protest is ongoing in my country because of some politicians who corrupted the millions of budget intended for flood control. The crocs happily pocketed the money owned by people from their taxes.

 

[Alberello75]

That's sad, it's not only happening there. It happens anywhere in the world, the poor remain people remain poor. But despite poor, they are happy and free from bad vice and bad elements that lure people.

Here, dear friend @Starmix , I take the word "free" that you wrote. Unfortunately, due to a legal matter dating back two years ago that you know about, in my misfortune in being poor, I must confess that I have lost a large part of my freedom as if I'm now practically an "object" owned by several people. Anyway if you want I can explain my via DM my current situation.