Are some races, genders, or groups of people worse with money than others?

Answer 1

yes, poor people are the worst at handling money.

Answer 2

It has nothing to do with race, gener or groups. It is basically to do with habit.

People are broke not because of the above. They are broke because of the way they think., what they read and who they associate with.

If say someone who has never had £1 million and he or she wins it, then watch how they go in a frenzy to spend it. Not because of their race, gener or groups but because they haven't shaped their habits to value the money, and spend because they think that spending gives them that self worth.

Many who have won lottery lose it all in the first few months or the first year because of their habits, their though process. When someone works towards changing their attitude, how they think about themselves in a positive way and hang around positive enviroment which teach them financial skills, then they will succeed in life.

Imagine, out fo 50 students who do a degree, not all finish because not all are focused to finish, not all have the habit to be consistent, not all have the habit of knowing their goals, writing their goals down and having the consistency and the right though process to finish the job.

I can take a black man, and a white man, a religious and non religious and all of them poor - and in one year, if they follow the education process I give them, they will think positive, they will have a high self image of themselves, they will then dress sharp, speak with confidence and when they do this, the world outside will see them differently.

When someone respect themselves, what they have, then the world will respect them. Most of the down trodding is not by the world but by the person themselves. One doesn't get disrespected until they don't respect themselves but no one walks on any man or woman's parade if they don't let anyone do so.

It is all to do with habit. Every self development book, every book by the most successful people will say, it is all to do with the habits of that person.

I know. I was homeless years ago. But because I shaped my habits, read books, associated with successful people, and stepped into a positive enviroment, I have business around the world.

I have no education whatsoever but because I made a DECISION to change, then everything else changed with me. Not straight away but it changed through process.

Change will always be met with resistance and that resistance are the bad habits that try to come back but we have to fight and be disciplined.

Anyone can change, its not too late. Hope this helps.

Answer 3

i think it's not so much any of those issues but more of how you were brought up. those who don't have lots of money growing up tend to spend it whenever they come into it. Look at lottery winners from the past. not all, but some of them die bankrupt, pennyless, in debt etc. if you're parents were misers then most likely you will be too. If money was free and flowing in your house then chances are you'll spend that way. Most people, I found, learn personal financial control when they hit college. All those free credit cards and free gifts tempt just abotu everyone. So isa it's more of how you were raised with money than anything else.

Answer 4

I cant believe this is a valid question. As a black jew, I guess I should be horrible and great with money. Hope I marry an asian man just to be sure I can hang on to a buck.

Answer 5

no that is learn trait