Some things underprivileged people squander money on

[freelancermaria]

According to Warren Buffet, one of the most successful investors globally, undeprivileged individuals waste their money on activities, such as gambling, not living within their means, acquiring new cars, and indulging in frequent nights out. I agree with what he said. Unfortunately, some people with limited fifinancial resources often spend their money on things that ultimately lead to their economic disadvantage. Many individuals are driven by the desire to show off or seek quick and easy money through gambling.

 

[Starmix]

That is their mindset we cannot change unless there is someone brave in the family to lecture that person. That extravagant human being lacks financial literacy. There should be someone to invite him to attend a seminar on financial literacy he will surely regret on his wasteful life.

 

[King Belieal]

An average poor person, would always try to measure and compete themselves with the poor. They have lots of kids

 

[Starmix]

Poor people also have many kids. they like to create a baby factory without thinking about how to raise them decently.

 

[Springtime]

Spending money wisely is the key to maintaining financial stability. If you waste your money on activities such as gambling, you will suffer eventually.

 

[Starmix]

Those who squander their money lack financial literacy. We cannot blame them but if they have disposition they will not waste their money.

 

[freelancermaria]

Many people struggle with financial literacy and overlook the value of managing their money. This is quite common among some people, as they may not feel the impact of wasteful spending. I hope they eventually realize the value of saving and investing.

 

[Starmix]

Those wasteful people will only regret when they hit rock bottom. There are many of them like that wasting their money for their temporary happiness. At the end they will face their own karma when their savings disappear.

 

[Augusta]

Yes why the rich invest to get more the underprivileged spend to get what that might not even be useful to them

 

[Starmix]

Those underprivileged people after having obtained some money pause and think on what to buy despite not important. They just want to satisfy their temporary desire that may lead to a forever financial struggles.

 

[Kera]

Poor people are actually the ones that try to impress people with fashion. They always buy clothes to mask their financial situations.

 

[Augusta]

Poor people are actually the ones that try to impress people with fashion. They always buy clothes to mask their financial situations.

I have noticed that too. People that have things don't show off or want to impress it is those that do not have that wants to which is. bad habit

 

[Trush Jodie]

Broke people tend to even want to have more fun than rich people. They go to eateries and clubs just for the records.

 

[pousinha]

Unfortunately, disfavoured low classes have the habit to love futilities and spend into them. To say the truth, in Latin America enough rich people have also the habit to lavish money, but they can afford the lavishness (despite it's not advisable: but a cultural point here is the boasting (ostentation), no mind if you are rich, middle class or poor).