Monday Financial Nuggets: The Poor, The Rich, and The Wealthy

The poor, the rich, and the wealthy: God made them all. Baring any financial inheritances, and level playing fields, God created all equal – one head, two eyes, and two legs. None was born with two heads and three or four legs, right? Such a being will no longer be human.

Why then are some poor and some rich or wealthy? Why isn’t everyone in a level financial field? And why is it that some no matter how hard they labor, it’s as if the money is being thrown into a basket with holes and yet have to worry about food, clothing and shelter? Yet, some only work a few and have all the luxuries of life and not a care in the world?

Is it right to say that God intentionally created some to be poor? God, the One who owns the hills and cattle on the hills (meaning that God is abundantly wealthy and owns everything) will desire that His sons and daughters live in abject poverty, while reserving the wealth for a few 1% (10%?)? That is not the kind of God I have come to know. Let’s think about this for a second.

The above verse has weighed heavily on my heart until I came across another statement, then I understood what the verse meant.

The Three Types

There are three types of people in the world: the poor, the rich, and the wealthy.”

Dr. Myles Munroe

“There are three types of people in the world: poor, rich, and wealthy.” This statement was made by the late Dr. Myles Munroe, the Sr. Pastor of Bahamas Faith Ministries International. Dr. Munroe went on to say that:

  1. Poor people always talk about money. “I don’t have enough.”
ThinkerTalker says: Change your words and start speaking in abundance and positives, lest it becomes self-fulfilling.
  1. Rich people think about “things” and what they have. “Look at my clothes, yacht, car, stock, etc.”
ThinkerTalker says:  Don’t let “things” be the yardstick for measuring your life. There are tons of invaluable feats that we can invest in. Let’s look for those.
  1. Wealthy people think and talk about ideas. They don’t think or talk about their money or things.
ThinkerTalker says:  May God bless us with multi-million dollar ideas and creative abilities.  Could it be that we are already blessed with those million-dollar ideas but we’re sitting and procrastinating on them or allowing fear to keeps us from moving forward with them?

Looking at the three different types of people, we can deduce the outcomes based on each’s mindset, focus, time and money management. Including each’s proactiveness and reactiveness.

In order to become a different type of person, one has to desire the type and vigorously pursue it. what it is that is done differently by those types.

Income Inequality

Put another way, there is income inequality and the gap has widened for the top 10% while shrunken for others. “Income allows a family to get by; wealth allows a family to get ahead.”

Credits: Federal Reserve, St. Louis

“Income is also a fairly common indicator of financial well-being.”

Education has been deemed a necessary tool to help in reversing the lack. Still some debate the need of education because of such people like Bill Gates and Steve Job. Such folks should engage in however means they know or have to stay informed,

Demography may not be economic destiny, but it is strongly related to financial outcomes

St. Louis Fed

In conclusion, we can reverse an unhappy financial situation, be it personal or generational, by investing early in life for the long run, having cash (or readily convertible to cash) in hand, spending wisely, and managing the money we have.

Thanks for reading. Cheers to your wealth and improved financial situation

3 thoughts

  1. Yes, it is the decisions an individual makes and the risk he is willing to take which usually decide what his status will be. Ideas matter most in the pursuit of whatever.
    Stay blessed always
    🙏🌹🙏

    Liked by 1 person

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