"Its literally impossible to save money when you're poor"

[ignorethis]

Y'all are literally spitting all of the same from the OP


What the person was saying. Was IF she had damn money, she'd gladly follow all of this advice

What people who have money seem to always forget, is true poor people.... Not people who claim poor with iPhones. But people with 10 people in a two bedroom....... Don't have the money to implement these plans in the first place



I find it comical that the post says all this and yet, every ones post in here, is to give the exact same advice that was just told to not matter

10 people in a house is possibly 10 different wage earners in one household, first thing.

And we live in a country where they have section 8, food stamps, wic, tax credits for having children, and more.

This country gives you all the tools you need to get out of poverty. Fact is, if you're stuck in poverty you're either not trying hard enough to get out, making bad decisions consistently, or just too stupid to ever prosper in a capitalist society.

 

[NotaPAWG]

Not impassible, but definitely hard.

The problem a lot of people living in poverty or below middle class face is the embarrassment which leads to buying things you don't need or expensive clothes to try and cover up the fact or feel better about being poor. I seen this growing up a lot.

When I was a kid we lived in a roach infested apartment and we definitely dressed within our class bracket and I got made fun of for it. But then I'd see my friends who were ewearing hollister & Abercrombie (back then hollister & Abercrombie signified wealth) and I'd go to their homes and realize we were both poor.

Vince Staples actually touched on this subject pretty well last year in an interview

that. It's past that. Before that. You wake up. You see your mom go to work. You go to school. You come home. You hate your life some more. You go back to school. Your friend has a birthday party. His house is bigger than yours. Now he can never come to your house, cause you live in the back of your aunt's house, across the street from the oil refinery in a gang-infested neighborhood where everyone is related to you. So you're embarrassed about that. You go home, do your homework.

Your mom comes home, makes nothing, tries to figure out how to make you not realize that you're poor. Because where I live at, the state that I live at, an apartment in a bad neighborhood is $800, $900 a month, for one bedroom. That's a lot of money if you getting paid minimum wage. But your kid has to have the nice shoes cause he has to deal with the other kids, or he gotta go to the school where they have the uniforms. But you have to pay for that, too, so you're not really running from anything.

So you're spending your whole life trying to catch up to something that you don't know why you're chasing and trying to disguise your kids from something that they already noticed, based on their own interactions. That's the beginning of life. That's before you have bills — as a kid — and before you have to pay taxes. That's before you're elderly and you can't take care of your own self. So my question is, with all these things in your way before the phones, before interactions with other people that could be negative, you trying to scramble for no apparent reason. When do you have time to sit down and think? This is before the Internet."​

 

[calixprynce]

Nope . Its a spending thing
Most poor people I know got a closet full of Js, a gold grill, a 50 flatscreen , and some more shyt

Or maybe its a ignorance thing
by not finding out how to invest the little disposable income you have

 

[David_TheMan]

A fukking lie.
Poor can save, its just a matter of adjusting your fiances and doing what it takes to gett ahead and not being short-term focused.

 

[plushcarpet]

Poor people gonna make excuses and justify why they're poor, that's why they stay poor.

Tell that to the immigrants that come here dirt poor and make it out of poverty within 10 years, they aren't extreme outliers, they're pretty common.

Then again those immigrants usually have an intact family structure which is a big part of prospering in western society.

Family is everything

family sculpts your whole life

most of your childhood is spent near family

 

[calixprynce]

Capitalism makes the rich richer and the poor poorer. The fact is the major corporations are running this country. I think we need to start teaching kids about finance at a younger age. Teach kids how to use money wisely rather than just simply spending. I was lucky enough to have someone school me on how to handle money when I was in high school.

Them corporations barely making like 3-30% net profit . let em eat

 

[NotaPAWG]

poor nikkas better stop looking at black musicians and athletes and then trying to impress others when u can't even pay the gas bill

i see it everyday...

It's easier to say than do.

There's A lot of people who are sleeping on a mattress in their studio making less than 12 bucks an hour (not a lot of money, at all) out here saving up to buy 200 dollar shoes or MK to create a false image of themselves to try and hide self esteem issues that comes with poverty snd to make it seem like they're better off

its not as simplistic as just saving up whatever you can. The mentality of affect of poverty aren't talked about nearly enough

 

[Still Benefited]

Project mentality destroyed the general ability to do this and progressed the negative social stigma and actual business ability to do this as well.
The same government that created project mentality.
prays on the fact poverty is created by children born out of wedlock.
So, we are being preyed upon and the reason why this does not occur.
is all because the government created a social constuct that eliminated this from occurring in general.
Plus, perpetrated a cycle where the social ability to do this is demeaned and generationally spun out of control as a social science.
Why do you think Muslims and Hispanics are demeaned and kept in check in this country.
All because they shun the culture and traditionalism from these sectors and groups.
Who use what you are talking about to their benefit.
So they can not prevail.
while they rally the troops in legislature and price median to eliminate it from happening at all in general as well.
You can only do what a government allows you to do and the government started to eliminate all that from occurring.
when they created project mentality to go along with their degradation of the redlined home they purposefully made as well.
Splitting and make it difficult to live in tranquility in a home under the age of eighteen.
is an actual government installed social practice and actual ideals.

Go watch Claudine and see how she had to hide.
Her kids over and approaching 18, James earl Jones, and the toaster from the project welfare committee and reps.
This shyt is all made on purpose and deteriorated and eliminated as social practice in general on purpose.

You, dudes shun so much history.
That you missing out on knowledge.
Since y'all hate diggin in the crate and learning what hiphop as a culture provides in social study.
You dudes are going to be preyed upon for the rest of your lives.
Plus, the government had a forty year discovery zone to study hiphop and how to combat a culture trying to fill the holes created by the government purposefully.


Art Barr

I covered that already and gave plan b's and c's knowing nikkas would come along talking about why it cant work...And this aint the 1960's or whenever Claudine came out....You was busy studying Cluadine thinking why shyt cant work,instead of studying how she hid the toaster,older children and James Earl Jones...If ya mama aint already under suspcision,and you keep the paper work straight address wise, you should be fine temporarily,i wasn't giving that as a long term solution....But yes if the situation in ya house is ya mama or girl is lying to get benefits,dont fukk up that situation....Chances are you would already know of the situation because you've been trained on how to get around it,or ya mama is scared to death and will tell you no.

As a old Chicago nikka you should know theres more than one way to skin a cat,Why you so focused on the negative today Art,I already gave the good and the bad in my post....you just had to pile on with more negative,nikkas know they home situations and what wouldn't work....But sometimes there is no good reason why it couldn't work other than peoples pride getting in the way,or fukked up attitudes....Which is what my post was speaking to more than anything.

 

[plushcarpet]

It's easier to say than do.

There's A lot of people who are sleeping on a mattress in their studio making less than 12 bucks an hour (not a lot of money, at all) out here saving up to buy 200 dollar shoes or MK to create a false image of themselves to try and hide self esteem and that comes with poverty and seem better off.

its not as simplistic as just saving up whatever you can. The mentality of affect of poverty aren't talked about nearly enough

They are, but only by smarter people

 

[NotaPAWG]

Working parent

Key word "parent"

Are we gonna make excuses at every turn? Find time

You seem to be speaking from a place of privilege.

Both my parents were too busy working full time jobs (and my mom went to school)?and keeping their sobriety in check to teach us that stuff. When you're struggling you don't think about teaching your kids how to manage what little you have in the best way possible because you're still learning your self. My Parents just wanted us to do good in school and stay out of trouble.

 

[Kings County]

Anything is possible, you need some income but anyone can start small

these dont fukking work
thats like asking a fat person to just lose weight "its easy" or a smoker to stop smoking "just stop buying them"
by a few weeks in u gon need money and u gon be like damn fukk these savings

 

[THOT CATALOG]

had to read an article for a sociology class i'm taking (need it to graduate)

about the income inequality in toronto. projected by 2025 that 20% of people will control 80% of the wealth. just like dating it's the 80/20 rule.

i'm indian but the issue remains same with all ethnicities whether you're east asian, african american, or a dirty cac... stick together and practice group economics.

note: middle class (yellow portion of map) used to be 66% of the area of toronto in 1970 but in 2005 it's only 20% of the city. projected to be 5-10% by 2025. red (low to very low income) projected to grow to 70%. very high income (blue) projected to grow to 20%.

toronto rent gonna be as bad as new york in less than a decade. pass on wealth to the next generation brehs.

 

[MajorVitaman]

these dont fukking work
thats like asking a fat person to just lose weight "its easy" or a smoker to stop smoking "just stop buying them"
by a few weeks in u gon need money and u gon be like damn fukk these savings

It was just a suggestion

 

[Calmye]

What's that?

P2P lending or Peer 2 Peer lending is basically you buying investment notes from a company that intern lends the money out along with thousands of others peoples money to loan seekers. It's great for people that don't want to take a lot of risk like myself.

This video explains it pretty well. Don't mind his trashy Cac attire.


there are some states that don't allow you to invest this article tells you the states that allow both investment & loans, just loans or neither.
Which States are Open to Lending Club and Prosper Investors - Lend Academy

 

[Booker T Garvey]

i have no problem with this assessment
i know people will break this down and say you can save if you blah blah blah...

fukk that. people who save usually save in bulk. set aside 50-100 dollars a pay check on up.
poor people can't do that..