Some persons work hard but yet remain broke and poor_Why?

[Mikes smithen]

Obviously majority of people claim that their work hard and industriously, but yet they see no financial progress as well as development in their life, we must always remember that it is not all about working very hard but instead it is all about working very smart in such a way that you make sure that whatever activity that you are carrying out towards your financial growth and development as well as your freedom is sure to succeed. That is why in this particular thread, I will be revealing some of the measure and basic reasons why a majority of people despite working hard and industriously remain very broke and poor. There are many factors that can contribute to someone working hard but remaining broke and poor. By focusing on financial education, money management, and seeking out opportunities for growth and advancement, individuals can improve their financial situation and build a more secure future. Here are some of the most common reasons why some persons remain broke and poor despite working extra hard:

LACK OF FINANCIAL EDUCATION: Many people lack the knowledge and skills to manage their finances effectively. Without a basic understanding of budgeting, saving, and investing, it can be difficult to build wealth even with hard work.

POOR MONEY MANAGEMENT: Even if someone has a good income, poor money management can lead to financial struggles. Overspending, debt, and other financial mistakes can quickly erode earnings and leave individuals in a difficult financial situation.

LIMITED EARNING POTENTIAL: While hard work can be important, some industries or jobs simply don't pay well. If someone is working hard but only earning a minimum wage, it can be difficult to make ends meet and build wealth.

LACK OF OPPORTUNITIES: In some cases, individuals may be working hard but lack access to opportunities for advancement or higher-paying jobs. This can make it difficult to increase earnings over time.

LIFE CIRCUMSTANCES: Sometimes unexpected life events, such as a health crisis or job loss, can derail even the most well-intentioned financial plans. Without a strong safety net or support system, it can be difficult to recover from these setbacks.

 

[CALVINDOL]

It is nothing new that majority of people work twice as hard every day but yet remain very broke and poor and one of the reason why many individuals work very hard but despite that they remain broke and poor is possible because they do not work Smart. An individual is expected to work Smart in order to make reasonable and comfortable amount of income from his or her hard work. An individual who is also advised not to depend on only one source of income since he or she might subject his or herself to hardship and more critical times if he or she loses his other present source of income.

When an individual obviously have many mirrors sources of income he or she cannot become subject to poverty or to hurt you but instead if one sources of income classes the order will be there to financially facilitate him or her until she gets back to his or her feet again .