Ever heard the saying, “Rich get Richer and Poor gets Poorer”?. Fact is many Poor people buy liabilities, rich people buy assets.Poor people see challenges, smart people see opportunities.Poor minds see wastage, smart minds see investments.
Now back to the slogan, ‘the rich gets richer’, there’s a clause after this slogan that most people aren’t aware of.
The rich gets richer because the poor gets poorer, or better put, the rich only gets richer because some poor people have gotten poorer.
If you still can’t get this simple logic, this is how it works. Kim Kardashian wore a designer clothing on her social media page, she didn’t pay for it, rather she was paid for the advert, average and poor ladies saw this and in a bid to wear something Kim wore, they all trooped out enmass to buy the dress. That’s big Jackpot for the seller. Kim and the seller became richer, the poor girls became poorer.
Sport betting bookmakers get richer, because poor guys on the street get poorer. BBN gets more money, because there are many poor people wasting their time to promote it, and wasting their little cash to vote it. The list goes on and on and on.Poor people waste money to look like the rich, rich people invest money to keep the lead and stay in the game.
No matter how you factorize the equation of cash-flow, you would always end up with a positive and negative value.The poor people are the negative value, who are always at the loosing end most times, while the rich guys are the positive value, who are on the winning side most times.