many poor people work the hardest

by Odahh
22 replies
working hard ..is no indicator in itself about how successful or wealthy one will get..

poor people work hard for wages ..

people who get rich and wealth..make profits and work hard at doing more profitable things .


work hard at increasing the value of what you do,,

if the middle man usually makes most of the money..do as much of the middle man work as possible .

it is much easier to get a 100 customers worth 1000 dollars than it is to get 1000 customers worth 100 dollars .

year over year .

a poor person can work make wages and see most of the wages go to some tax

steve jobs earned like 1 doller a year as income ..but had a crap ton of apple stock which when he sold that ..or what many rich and very rich do..they borrow against that ..

it is far easier to get rich making very little income but working hard to increase the value of your assets..than it is to earn a large income and pay a crap load of taxes ..

and by working for profits doing things you enjoy..you can put a lot of expenses in your business that..employee would have to pay out after taxes .

wealth grows faster when you are paying 0 to 20 percent tax ..than when you are paying 40-60 percent tax ..

the value of the hard work you do is what matters
#hardest #people #poor #work
  • Profile picture of the author RogozRazvan
    A lot of random thoughts above but they are connected to a common theme.

    To put it simply though ...

    "The value of your compensation is based on the size and importance of the problems you solve".

    If you invest five hours washing the floor, then you will be paid based on the value of the floor being cleaned (of course, there are other factors too, supply and demand and generally, the laws of economics). If you invest five hours doing brain surgery, then you will be paid accordingly. If you spend five hours brokering a $10.000.000 deal ... you already get the point.
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    • Profile picture of the author Insano
      I honestly believe that there is a poor person and a rich person mentality. Something which makes you tick and chase higher earnings.

      My father, god bless him, used to work his ass off day by day, just in order to feed the family. He claimed to be the most lazy man in the world, but he did what he had to do, and he never stopped doing it, until the day he died.

      He was afraid of taking risks, so he never invested. He didnt understand the concept of growing his assets or return of investment. He knew that he had to make an amount X by the end of the day, otherwise our electricity would be cut, we wouldnt have a meal, etc, etc...

      But... He got his first son at the age of 23, was pulled into a war by the age of 32, he didnt have the luxury to afford a big misstake, so I get that.

      Ive learned a lot by his failures, and learned a lot by the things he did right. Dedication, Loyalty, Honesty, those are the characteristics I hone and which he owned. But aside of that I learned to make money work for me, to outsource others work, to risk when the window of oportunity is right, and evaluate risk vs gain.

      I feel a hunger for greatness which I havent seen in him. He seemed contempt where he was, and I feel restless wherever I am.
      I fall and fail, I get hurt financially, physically and mentally, but I also find the strength to move on, outside of the hell circle of a 9-5 job, and I survive sofar, and hopefully grow
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  • Profile picture of the author C G
    Poor people work for others.

    Rich people work for themselves.

    I don't believe that poor people work the hardest. They are the ones that are waiting for the weekend to come to be able to forgot the job that they hate for 2 days and spend time having some fun.

    When you work for yourself. You don't have time for this s***

    Cheers,

    C.G.
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    • Profile picture of the author nilu
      We also know many poor people who work hardly. On the one hand poor works hardly but on the other hand rich do nothing. So, without working hard who some people get rich.
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      • Profile picture of the author Insano
        Originally Posted by nilu View Post

        We also know many poor people who work hardly. On the one hand poor works hardly but on the other hand rich do nothing. So, without working hard who some people get rich.
        They Inherit the money, win the lottery or win a big law suit - other than that, there is no other way to get rich but to work hard, until you are able to let others / your money work hard for you.
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    • Profile picture of the author AngelaB11
      Originally Posted by C G View Post

      Poor people work for others.

      Rich people work for themselves.

      I don't believe that poor people work the hardest. They are the ones that are waiting for the weekend to come to be able to forgot the job that they hate for 2 days and spend time having some fun.

      When you work for yourself. You don't have time for this s***

      Cheers,

      C.G.
      Well said C G!
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  • Profile picture of the author Jonathan 2.0
    Banned
    Nice post Odahh.


    Working smart is equally (if not more so) important to working hard. You can work hard all you want however if you're not doing the things that bring revenue then it's kind of a waste of time.
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    • Profile picture of the author heavysm
      I've always thought of it in terms of laborious work vs. intellectual work.

      Some days where I've brainstormed and had to come up with out of the box stuff for my business were mentally the most exhausting. Even if i wanted to do something for personal fun afterward, I couldn't because I was mentally drained.

      This is contrasted with my work as a kitchen boy where i would stand for 8 - 12 hour shifts cooking, cleaning, preparing, cleaning, and cleaning some more.

      The laborious work left me severely unfulfilled and gave me these baseball sized calluses on my feet (no joke either, the entire ball of my foot was a callus lol).

      I know of very few working class people who truly enjoy their jobs, but there is still only a small proportion within this group of labor workers who truly work their asses off.

      I don't know about other industries, but my kitchen work taught me that people are lazy as sh!t. Seriously.

      95% of my co-workers were lazy, wanted extra brakes, worked slowly, were gossipy, wanted more pay and fewer hours. The bull crap goes on for days.

      These weren't hard workers, these were people who hardly worked.

      If I didn't have that kitchen job i might agree with you. But since I have experience with people who truly don't care about their job, and just see it as a weekly means to a tiny paycheck, I have to say that the majority of working class workers (not all, but most of them) are those who most definitely do not work as hard as they could.

      I've heard parallels in such industries as warehouse work, hospitals...pretty much any working class position where you have to be on your feet a lot, people just feel entitled to that paycheck.

      They want more of it, or they want more pay for less work, or their benefits aren't enough (which is an entirely different issue), or they just wish it were different.

      They all wish something was different.

      There is a definite minority of people, as far as i have seen, who are truly grateful for the work they have, so much so that they ask for more hours whether out of necessity or enjoyment of the work (in 99% of cases it's out of need, i get that).

      Having seen the work of business and entrepreneurship, and being someone who came directly from the working class world, it's definitely a different type of tiring/draining work that goes on for business owners. But i would not say that poor people work harder, because as I have seen it first hand, they don't.
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  • Profile picture of the author sunray
    Work has nothing whatsoever to do with being rich. The main point is the persons attitude towards money. Is it for instant gratification or is it for freedom? Poor people belong to the first category. It's not the amount of money earned, it's rather how the money is USED. There are very many people on good professions who earn hundred thousand or more a year and are considered quite wealthy by those living in poverty. However most of them are broke, since they not only spend everything they earn, they spend more. Rich on the other hand like to put the money that has come to them to work for them, so it would make them more freedom.

    Then it's taking responsibility, believing that your financial situation depends not so much on other people but yourself. Poor people blame circumstances, rich create their circumstances.

    And yet another difference is the mentality towards rich people. Poor people usually do want to get rich, yet their attitude towards those who are is quite negative. And so if a miracle happens and they win on a lottery, their subconscious mind automatically gets extremely busy and does everything to solve this uncomfortable situation where they are now that negative person. Usually before a year is over they are back in their habitual position with no money.
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  • Profile picture of the author Odahh
    i think i may just give up posting ..

    do people just read the heading and write a response .. i understand it is difficult to understand me at times ..

    poor people work hard for wages .. you can blah blah blah and say work hardly or what ever ..but very few people will ever get wealthy off of wages ..unless you work for the government then leave and become a lobbyist for a big corporation ..

    an employee who makes 20 $ an hour may produce 500 dollars in value over that hour .. but they only keep 20$ of that and then give almost half of that to some form of tax ..

    and then all they have is their time to sell .

    now if i am the owner ..and i buy new equipment ..so that 1 employee can now produce 2000 $ in value an hour..but that same equipment is so much easier to teach people to use ..i only have to pay someone 15 dollars an hour ..which is part of what is going in in the real world right now .

    in that 2000 in value there is a good chunk that is profit ..which goes to the business .

    it is far easier to become wealthy when you focus on earning profits versus earning wages ..

    a poor person can work really hard..but as long as nearly all of the value in what they do goes to someone else ..they will stay poor .

    incease the value of what you do and capture as much of the value as you can
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    • Profile picture of the author heavysm
      Originally Posted by Odahh View Post

      a poor person can work really hard..but as long as nearly all of the value in what they do goes to someone else ..they will stay poor .

      incease the value of what you do and capture as much of the value as you can
      That pretty much sums up your post.

      That's also the difference between employees and employers; one gets a wage and another invests into that wage to create a larger income.

      Originally Posted by Odahh View Post

      i think i may just give up posting ..

      do people just read the heading and write a response .. i understand it is difficult to understand me at times ..
      That happens in any forum you visit. I only responded the way i did because I have first hand experience working with poor people barely surviving from payday to payday.
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      • Profile picture of the author Odahh
        Originally Posted by heavysm View Post

        That pretty much sums up your post.

        That's also the difference between employees and employers; one gets a wage and another invests into that wage to create a larger income.



        That happens in any forum you visit. I only responded the way i did because I have first hand experience working with poor people barely surviving from payday to payday.
        now i hate to ask this on open forum..but from doing what i do right now to earn money untill i can move and set up the business i want.. and what i have done in the past..it seem with wage earners in those mind numbingly boring jobs..the people who work circles around every one else either have or have had a cocain habit ..then the rest your lucky if they are not smoking weed or drinking right before or during work hours ..

        in the employee role ..there is no real benefit at least anymore..in doing more than you are paid for.. as it just leads to the expectation you will do more..and it doesn't tend to make you any more money ..

        ithe world is changing fast and the model today is much different than it was prior to ten years ago..as advancement in tech allow people to do with a machine that costs a few thousand dollars and anyone can afford..what it use to require millions of dollars in investment of infrastructure to do.

        so somone with a portable sawmill ..can cut down three trees ..and turn them into so many board feet of lumber ..and make as much profit in a few days as ..the big mill does from cutting hundreds of trees.

        a big part of the problem poor people have who stay poor ..verse people who are broke .. verse those who build wealth ..is that poor people their mind barly ever think far beyond the next paycheck ....that is why goals are so important ..

        with goals projected out into the future .. it gives you insight on what you should do now .

        in a game i was playing last year i was talking to a second generation american who owned businesses ..and he was talking about losing one business and doing everything to save the people jobs as long as he could ..but after it failed .. he realized.. they just got new jobs..he found a way to start a new business .

        today you really do not need to be an employeer to work off profits .. as the tools we have increasing reduce the amount of overhead needed to do business ..while the government regulation try to push the other way of course lol .

        but without the shift in minset about working for profits verse working for wages ..it is hard or almost imposible to make the move ..from poor/lower middle class ..to wealth builder ..
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        • Profile picture of the author heavysm
          Originally Posted by Odahh View Post

          but without the shift in minset about working for profits verse working for wages ..it is hard or almost imposible to make the move ..from poor/lower middle class ..to wealth builder ..
          It is my firm belief that if you can change your subconscious thoughts (what you really think) then your entire reality will shift toward your new subconscious beliefs.

          This takes incredible persistence and dedication to an idea, which many who are poor and employed simply don't have.

          Think of the number of people who break out of being working class/poverty. There aren't many, but it is possible.

          I do believe it is almost entirely a mindset shift once one goes from being poor to wealthy. It doesn't begin with what one has, but with what we think.

          Odahh if you feel you need a little assistance with mindset let me know and I can give you a few techniques I have used to shift my beliefs thereby changing my mindset.
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          • Profile picture of the author Odahh
            Originally Posted by heavysm View Post

            It is my firm belief that if you can change your subconscious thoughts (what you really think) then your entire reality will shift toward your new subconscious beliefs.

            This takes incredible persistence and dedication to an idea, which many who are poor and employed simply don't have.

            Think of the number of people who break out of being working class/poverty. There aren't many, but it is possible.

            I do believe it is almost entirely a mindset shift once one goes from being poor to wealthy. It doesn't begin with what one has, but with what we think.

            Odahh if you feel you need a little assistance with mindset let me know and I can give you a few techniques I have used to shift my beliefs thereby changing my mindset.
            shift in mindset is important ..vital ..

            we a trained and condition to work for wages ..and get out self worth crushed ..so we accept small wages ..

            so it involved hard work and mental effort to go from that.. nameing our own value and working to earn profits .

            and if we have the profit bad .. or profits are greedy .. that gets in the way ..
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  • Profile picture of the author johnben1444
    Life has never been fair and will never be.

    Success has nothing to do with wit or power.

    Success is just a combination of opportunity and luck.
    I have come across a lot of people that are suppose to have everything of life but don't.
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  • Profile picture of the author BradYounger
    So I'm guessing everyone is here to make the move towards wealth so we all agree on Profits are better than Wages. But neither are evil and both have their place.

    Wages help pay the bills while you build your business. Making money takes time and is a process not an event so you need to do something in the mean time, otherwise your options to build your business will become limited.

    Once you start making profit, you can then plough that back in to build more profits. Wages are still useful at this point to allow you to get the highest leverage.

    And for those that don't choose to take an entrepreneurial path, wages are just as important. Bills still need to be paid. Also you can still make a sizeable chunk of money with just wages, but again it is a process and needs to be followed. Saving $100 every month for 40 years for instance.

    I think you need to work hard in all scenarios. I don't think it's a question of whether you work hard or not. Hard work is part of anything worthwhile.
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    • Profile picture of the author Odahh
      Originally Posted by BradYounger View Post

      So I'm guessing everyone is here to make the move towards wealth so we all agree on Profits are better than Wages. But neither are evil and both have their place.

      Wages help pay the bills while you build your business. Making money takes time and is a process not an event so you need to do something in the mean time, otherwise your options to build your business will become limited.

      Once you start making profit, you can then plough that back in to build more profits. Wages are still useful at this point to allow you to get the highest leverage.

      And for those that don't choose to take an entrepreneurial path, wages are just as important. Bills still need to be paid. Also you can still make a sizeable chunk of money with just wages, but again it is a process and needs to be followed. Saving $100 every month for 40 years for instance.

      I think you need to work hard in all scenarios. I don't think it's a question of whether you work hard or not. Hard work is part of anything worthwhile.
      the point is to understand what to work hard on ..
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      • Profile picture of the author Walter Parrish
        well lol . I've been rich and I've been poor, but I can't speak for anyone but myself. When I didn't have money I could care less what some rich guy made or did I was just happy working my job or just living life and learning.

        what actually moved me towards actually making money was when I learned that people are not far from animals. so, the guy at the big corporation will hire a programmer or any other highly skilled person to do a job pay them to create stuff. that person will perform that task and not care one bit about the money only to be let go by the corporation soon as they get a chance.

        so this thing for someone like me is about understanding that humans can be a**holes and making sure you control your own destiny by controlling your own creations and being careful of who you do business with or work for.
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  • Profile picture of the author Curtis2011
    Productivity = Labor x Capital.

    Poor people have little capital, so they must input much labor to produce income.

    Rich people have much capital, so they must input little labor to produce the same amount of income.

    This also applies to human capital, ie education and skills. A software engineer who types at a computer is doing very little physical labor compared to a person who digs fence post holes for a living. But the software engineer gets paid more because he is more "productive" in the economic sense.

    This is a basic idea from economics in general that perfectly explains why "the poor work harder than the rich". It's true that they often work harder physically, but that doesn't mean that it's "unfair", much less avoidable at all.
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    • Profile picture of the author Odahh
      Originally Posted by Curtis2011 View Post

      Productivity = Labor x Capital.

      Poor people have little capital, so they must input much labor to produce income.

      Rich people have much capital, so they must input little labor to produce the same amount of income.

      This also applies to human capital, ie education and skills. A software engineer who types at a computer is doing very little physical labor compared to a person who digs fence post holes for a living. But the software engineer gets paid more because he is more "productive" in the economic sense.

      This is a basic idea from economics in general that perfectly explains why "the poor work harder than the rich". It's true that they often work harder physically, but that doesn't mean that it's "unfair", much less avoidable at all.
      basically ..the last 200 years and the huge break from history ..where pretty much all humans had under 2 dollars a day in living standards ..and a small minority owned the land and a larger but small minority engaged in trade ..and the rest stayed put to work the land .

      over the last 200 years ..the machines that drove up productivity and the tech was very expensive and capital intensive ..and most humans where left doing the things machines could not yet do ..

      in the past ten years and into the next 20 ..the price of tools of production has dropped to where with a small amount of capital nearly anyone can ..and at the same time nearly every thing human where doing is getting automated or replaced by tech ..so there really will nit be much need for most people as they will not be needed for meer toil ..

      within the next ten years we will be able to own computers with the processing power of our brains .. we will see a massive roll out of automatited vehicles replacing the mass transit system and many people who own cars will fin they no longer need to, shotrt range drone based delivery services , 3d printer that produce high quality good for a few hundred bucks per printer . nearly fully automated fast food places where robuts put together your fast food because companies will not want to pay a 20$ an hour living wage that people will claim is only fair ..

      forget that we are going to see the elimination of the education system we have now ..

      this is not psy fi ..but it is happening ..

      wages are going away ..or will dissapear as they are now as the life time safe job have gone away ..and though i feel there will be a new kind of welfare system.. basical to get above the basic needs ..people will have to learn to use the tools of production.. and own what they ccan..then create stuff people want and sell it for a profit .
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  • Profile picture of the author Bhekizwe
    There are limited hours to sell, when working for wages.However with leverage one leverage other people's time(i.e. employers) to earn profits which are unlimited as long as on accumulate the paying hours
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