The world has seen the births and deaths of many financial schemes invented for the purpose of investment and profit making. And they have succeded in making millionaires out of quite a number of participants and improving the standards of living of others. Perhaps, just perhaps, this invention is a blessing to the community. But what if i say its not entirely? What if this financial schemes are just goodnews to the rich people? And not to the poor ones?
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You might argue that if the poor invests in these schemes or platforms, their financial status will improve. But lets look at it this way, if a poor man has knowledge of an investment platform that can turn his financial status around and thr capital needed to start is beyond his means or that of people willing to help him, he tends to remain poor with that knowledge untapped inside of him.
Perhaps, the platform has many investment costs and packages, ranging from affordable to very expensive, and he just manages to acquire enough cash to start with the smallest package or cost with the hope and long term plan to move upward in the packages or costs till he reaches the apex and earns the highest returns for his investment, many months and possibly years would have gone by, that would be the case if the scheme is a last longing one. If it crashes quickly, the investment and capital is washed down the drain and the so does the poor man's dream of becoming rich.
My own opinion simply states that "money making schemes favours the rich than the poor". A more extreme version is "it favours only the rich".
This is because they already have the available funds to invest at the highest or high levels from the get-go and make all that there possibly is to make from such platforms or schemes for however long they last. Before the poor gets to where they are, it would be impossible because they are far gone and the gap between the rich and the poor keeps expanding.
Take Bitcoin for example, arguably the best investment platform in the world, the poor knows investing in the strongest currency in the world can make them rich but since investing bitcoin is expensive, time keeps ticking as poverty prevents them from getting the funds the rich so easily acquire to invest at a high level and keep investing more, becominf richer and giving the poor no chance to catch up when they eventually join the train.
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Nowadays, people earn smart not hard. That is their money works for them and brings more money. So since the poor barely make money to have two meals in a day, there will surely be nothing to left to invest. One might ask ,"cant they get a loan?" Well they cannot in most cases because they dont have a collateral whose worth matches the amount of loan they demand.
This is where i will stop for today. Next time, i will share my thoughts on "poor getting poorer, and rich getting richer", a sequel to this article.