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