I had seen during my life time that many rich people became very poor and poor people became rich beyond imagination. What is the reason for this? The very rich sold tea for their livelihood in the last period of their life. It is very painful to see such strange happenings. I am going to give one such example which is very personal and painful.
When I was a kid, we had lot of animals in our house and also my father was in agricultural activities. I do not know how money comes and goes. We are supposed to be rich in the village. We are 5 brothers and the two elder brothers have a lot of age difference with us. Our eldest sister-in-law is like our mother. I am the third. When she came to our house, I was about 5 years old. My youngest brother was born after she came to our house. We three younger brothers are like a unit and we look our elder brothers as some kind of align and awe.
Why I am writing this piece. I saw very rich people become very poor and very poor people become very rich. I want to analyze the reasons for the same and try to escape from the trap of becoming poor.
In my other elder brother’s marriage, I was around 10 years old. One person came to our house and prepared sweets for the marriage. They do not have any money even to eat regularly. By the time I was 25 years old, he became one of the richest man on our village. Why?
By the same time, my two elder brothers who were supposed to be very rich in our village, have almost lost their property and on the verge of poverty. By the time I was 35 years, they became so poor that one of them was selling Tea and other was dependent on rent on Cycle Rickshaw. Why?
The children had suffered maximum extent. But they have learnt the lesson and the art of becoming rich again. They understood that it is the education and hard work that makes people prosper. They have made their children to study and now many of their children are M.Techs, MBAs and working in US and overcame the poverty. This is a real story of Prosperity to Poverty and back to prosperity.
I always think about this. Even though, I have not much respect for money, I have fear of money that I will also become like our elder brothers. One of my relatives told me that his father does not have Rs 10 to admit his younger brother to send to school, and somehow, he himself has completed SSLC (11th Standard) and got a job to support his father. I never expected that money can do such things.
This has made me observe people rich and poor.
The most important things about becoming poor are:
- No respect for money in general.
- No respect for father’s money as he does not understand the value of money.
- No respect for work
- No personal involvement in the work or business
- No education
- Repeated business involvements and starting different businesses without considering the reasons for the failure of the previous business in the first place. Everyone has a right to make mistakes. Life itself is making mistakes and correcting them. But nobody has a right to make same mistakes again and again. This results in ruin.
- Participating in businesses without expertise and knowledge
- Dependent on others on day to day basis and becoming a parasite.
- No self-respect
The maximum sufferers are the children of these people. It takes about a generation to overcome poverty and come above poverty line.
I suggest that if you are not a conventional man of working and earning and want to become very rich immediately, be careful. Your deeds will destroy your family, friends and become neighborhood nonsense. You are welcome to do anything you want without hurting others. However, I am not discouraging you for starting any business as far as you know where you are going and have a genuine respect and love for money.