No Penny Doesn't Mean Poverty

[Suba]

In life, we often encounter relatives, siblings, and friends who, despite being materially well-off, claim to have no money.
"No penny" may simply reflect the current situation, while poverty has a deeper meaning. Many people are temporarily penniless, but they have jobs, assets, and even investments.
Many people prefer to live simply and frugally, spending only what they budget for monthly needs and often running out of money at the end of the month.
According to some psychology experts, poverty isn't a matter of money, but rather a person's mindset, especially if they lack financial skills and literacy. No matter how much money they earn, it will run out. However, for those with a wealthy mindset, no matter how financially challenged they are, they will always strive to recover.

 

[eLdavis]

There are cases where most people might be penniless maybe due to the fact that they might have invested in something.

 

[SHAHID987]

Here my close relative shown me this practically, I went her well furnished home for some money, which she has to give me for something. When I asked her for that she told me with tears in her eyes as she has no penny. The month is on its end and she has all her money in banks.

 

[Starmix]

Of course, having no pennies doesn't mean a person swims in poverty. That situation could be circumstantial.

 

[Springtime]

Indeed, penniless does not mean poverty. The person may have other investments and assets instead of having a lot of cash on hand. S(he) may choose to live a low-profile life.

 

[Bigshow]

i always sau situation that one may be passing through really don't define their future you can be broke or penniless but that doesn't mean you are poor it may be of some reasons someone is like that

 

[Augusta]

You are right many people are temporarily penniless, but they have jobs, assets, and even investments to rely on on rainy days