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I think One of the reason why people remain poor even while earning a decent amount of money from their businesses is the fact that they see money as a spending means and not investing....
         When building a business, it requires some level sacrifice and discomfort, after there have been significant growth l, money can be spent for expanding the business. At this point, it is not  referred to as spending but as investing, because the changes and expansion will bring in more profits.
         However for the case of people earning salaries, do you think there is a way they can be really rich without owning a business and or is it compulsory for one to be own his own business

Some people are collecting salary but in a way that they still have enough to safe after spending on basic needs and necessities. There are many of them that save and later open a business. But this can not be for those that have low income which may not be enough for saving up to what they can use to establish a business. Not everyone will be able to. But regardless of what someone is doing, having a business is very good and it can be very helpful

Everything in life have hierarchy. There are some people that their salary is very huge. But I think they will also later prefer to have businesses.

It's pretty simple for you to get a good income "you must be a producer and not just a consumer" I believe this rule is what must people who are entrepreneurs live by, hence must salary earners at some point after accumulating enough savings they result into owning a business but perhaps it's not compulsory to own a business.

Some people who owned business still remain poor so it's not a guarantee that you will be successful (what you call "rich"). If one earns a good or significant amount of money and do not want to own a business investing in others business could still make you a very good return, perhaps being a shareholder is quite a good way to earn as much as the entrepreneurs.

There are only two ways to get rich, one is acquiring some inherent assets from your wealthy parents, and the other one is building a business or investment that will create massive returns.

However, if you work on several jobs and receive high compensation from each job, maybe that will help you to become financially stable in the long run. But if we mean to say getting rich in the end, for me that will only be possible if you have bigger investments and huge businesses that will definitely give you passive income.

Although in the end being a businessman is a good thing but sometimes saying it will be easier if compared to doing it and of course with the mechanism of the world today we must realize that not all will become a businessman so no matter how hard they want to become a businessman but when they do not have any talent in a business then they will only waste time and spend the capital they have.

True, everything needs a process and something must be sacrificed but back again there is such a thing as talent and until now I don't believe in the words as long as we try then we will eventually succeed because for me it is just a word of encouragement so that we eventually try again and again but on the other hand this does not teach us to a self-awareness that we must also be aware of the qualifications we have because when we do not have qualifications in a business no matter how hard we try and no matter how much capital we have everything will still run out in the end.


The mechanism of how to work in today's life there are those who become businessmen and of course there are those who become workers with monthly or weekly salaries and the nature will be more workers than businessmen but that does not mean they will not be able to succeed because even if they are workers and get monthly results but when they utilize and are good at managing it then success will still be obtained.

It is still very possible for a salary earner to invest some from the salary they earn. It will require a lot more sacrifice because unlike being a business owner that can have access to money and no fixed earning, a salary owner having a fixed salary will need to cut some other expenses to have enough for investment unless the job is very well paying which is not much as well.

A salary earner will also need to be very strategic and careful with what they invest in, so not to waste their salary years on something that has no or very little ROI.

Put an amount on what it is to be rich according to you. Is it $1000 or $10000. People who earn salaries can also be rich too but it takes a level of smartness to get there. The higher your educational qualifications the higher your chances of getting an increased income and moving up the corporate ladder. So get more educational qualifications. Get more technical skills. And do your job well. Salary earners have more opportunity to become rich than business owners because their income flows in consistently and over time, they build wealth.

One does not necessarily need to have or run a business. I do not think everyone is built to have a business. Yes you can learn and study how to run a business but some people's personalities are simply not meant for running a business.

If not business, there are a lot of other investments one can go into. There are a lot of possible passive investments that would not require one to need to focus on that business so much. Crypto is for example. If you just buy and hold for a long time, you could earn profits on the long run. Of course it would not be a quick profit but it is still possible to earn a lot even if it comes slowly.

Wealth without business it will not going to last long, when you spend so much funds on businesses, it will make your wealth surplus because you have spend on that business but if you depend only on wealth, it will make your wealth not to be stable.  There are some people who don't want to invest or own their business, because they don't have time to spend in growing such business for future purpose but such people will not know what they are doing to themselves now until they retire from work in old age before they will realize what they have done to themselves not to have source of income. When you generate or create good businesses in your environment, it will open more door for incom to be coming in and it will increase your wealth and it will be difficult for your wealth to decrease in the nearest future.

It depends, what you are talking about is going to be much more common in a professional football player (or NBA or similar) than in a McDonald's worker. And even so, people who have very high incomes from work will need the knowledge and discipline to save and invest a good part of their salary to build a considerable amount of wealth. But let me tell you that if you work at McDonald's and you are thinking of starting a business, you are not likely to succeed either.

Money does not make money automatically without putting any work in. It takes time and dedication, even if you invest in businesses and live off the dividends you still need to be able to invest in the right businesses. Otherwise you will lose your money. That research alone is a small part of the work you have to do in order to profit off your investment in the future.

salary man can become rich by invesitng, but depends on the income, you aren't making wealth with minimum wage even with investing, the time it take to accumulate the wealth would be too long but if you have high income, then you can simply invest into something lucrative like bitcoin, gain 5x like what bitcoin did in this rally and you're already making big money here.

there are simply too many factor to consider to become wealthy, its not only from your income, it can also depend on your investing strategy as well.

if your income is low, try starting business, if your income is high and stable, invest.

This is a very generic observation. Both business and salary can make you rich only when you know how to invest the money that are getting credited to your personal account. The end moto of both business and job, is to earn money. None of it is going to make you rich overnight. It requires patience and persistence to create wealth via investing. Some method can even take longer than anticipated and some methods can do it faster.

For example, the stock market crashed during COVID. I personally know one of my colleagues who had recently sold off his apartment was sitting on a good amount of cash. When the market crashed, he invested that entire amount of cash into the stock market and into the bluechip and midcap stocks. In 2023, he took retirement at the age of 35. So it is also important to take risk and do planning.

Being rich, is a mindset. Poor will remain poor because of the mindset and low risk appetite.

No matter how much money you have, in the long run when you don't have management, I guarantee you will become poor. As for the case of income from salary, the way to overcome it is to be able to live comfortably, reduce expenses, and increase investment. We often hear that expenses > income will not make you rich as if you are only a gateway for money to enter and exit.

However, on the other hand, if income > expenses, then the opportunity to become rich is quite reasonable because you have targets, management, and discipline to always think about long-term investment guarantees.

if as a salary earner you live just on your salary and only waits to receive the pay that goes into your routine spending, what lies ahead of you at retirement is suffering because you have failed to make good use of your productive days. investment is not done just because you want to feel among or because you have too much and don't know what to do with it, even if you are a regular salary earner, having an investment plan is very necessary because you will need it in the raining days. it must not necessarily be that you have to start a business and it is not everyone that ought to start a business, if you are not wired to go into business, you can delegate a portion of your earning into something else that has the potential of yielding additional income apart from the ones you are already earning from your regular salary, it is just a wise way of increasing what is coming into your account at the end of the month. depending on a single salary is just like being enslaved by the work you are doing.
 

It's how they handle the money that they profited from their business. I read that other owners really put everything in the business itself, meaning they got the ball rolling and never pocket any profit as they put it back and then the cycle repeats itself. So you are correct with you notion that business owners should really re-invest their money on their business, simply as that.

Of course they will have to put aside some money to keep the operation alive, but still the lesson here is that you really need to re-invest your money. As for people not owning money but can still be rich, I think there is, as long as this guy are in the high level of job, like a lawyer or doctor who are being paid handsomely.

It depends on how much you earn as salary and the level of responsibilities that you have. If you are earning a good salary, and your financial obligations are minimal, there are chances that you will be rich, provided that you have job security. But for you to be considered wealthy you can't do that with salary, because I haven't seen anyone who's considered being wealthy by just earning salary.

Well I will say it's not really compulsory that everyone must own a business, because not everyone has the ability to run a business of their own. Business is a skill, that's why you see some people succeed in business, while others struggles in business and yet fail. Those who succeeds in business have the skills required to run a business. If you don't have that skill to run a business you can't succeed in it, rather you can invest in other people's business in the form of shares. So it's not compulsory for everyone to own his/her business.

I agree with you. Most people have countless opportunity to invest with the amount they get from there previous business, but they chose to enjoy than invest. That's why they said that it's better to suffer at young age and enjoy at old age than enjoy in your youthful age and suffer at old age. There are several criteria about life most people don't understand and they later take responsibility of it when it's too late. We should try to focus on how our old age will be than thinking of our current age. If everyone should think about the future and how it Hodls, I bet they will not make mistake.

Anyone that need to succeed should have to evisearch the end from the beginning. To succeed you need dedication, focus, make decisions and stand by it and this decision includes the ones that will deprive you of some pleasures to be able to succeed. If anyone doesn't have the mind to sacrifice or lay off some attitude you can't succeed. Lets take for example a guy who is a womanizer that spend money on women everytime may not succeed if he doesn't stop such pleasure or reduce such habit. It might look as its not anything until you take a bold step then you will know the difference.

Financial management is a basic thing that business people need to do, every income from the business needs to be divided into two parts, basic needs and expanding or adding capital to the business. Wealth does not just come to certain people, except those who inherit wealth from their parents.

It is very difficult for someone who receives a salary from a company or government agency to become rich without additional income (business). Employees will lose their jobs at some point, but you will be the boss if you have your own business.

A business is a way of leading a lot of people to become wealthy because one thing about money is that even when a person is earning more than a million naira in a month or week and he/she refuses to find another alternative for success or income, it is nothing since it is money that they use to make more money, but not all people understand that. That’s why some will be spending without a plan for themselves.

Proverbs prove that opportunity comes but once; it’s better for everyone who has big opportunities to use them in a right and right place so that he/she will not regret it in the future. I don’t know why some will keep spending their money in a wrong place after they know that in life nothing is permanent.

I do not think that salary earners can be rich from just earning salary which could be weekly or monthly depending on the kind of work and country. Like I know, you may not be able to adequately sustain a family by just doing one single line of income, you need to diversify.

The reality of the fact that you can't be rich by earning salary is now in the consciousness of employees and that is why you see many going into other businesses either through them or establishing their wives to be independent from them and in turn support the home with their left over. The challenge for employees now is to build capital for their own businesses.


But about this topic, do you mean physical business? Because I have seen people who are wealthy with physical business, they are either online business markers and traders of all kinds of commodities and physical business for them is just a choice and not mandatory to be wealthy as they are already gaining heavily from online investment both crypto investment.

It really doesn't have to be a physical business... It could be online also... Nowadays, online businesses are as successful as physical businesses

You're right, many spend their money just the way they want to because that's all they think of money. It serves as spending power to them and there's nothing wrong with that. But sooner or later, they will realize that they should also grow their money but helping themselves find where they should put their hard earned money to make more money. It's okay to spend but make sure to put some of it in the right place like in business or investments. But do remember that not everyone is for investing and for having a business. If someone just places it on their savings, there is nothing wrong with it because that's the only thing they want to do and want to avoid taking risk.

It is true that businesses today do not have to be physical, but a person's physical business can also be registered online in several media and also on several well-known websites so that it will also trigger a greater level of business success. This means that physical businesses can also be developed in various ways and make services wider by utilizing online systems and cooperation with couriers or large expeditions in sending and distributing the goods we sell. So the physical focus must also be there even though there are currently many options for running a business.

Because most people in this generation, what they choose most of the time is being poor. Yes, they say they want to progress or get rich but they don't actually work
to become that way and they don't have the qualities of a rich person.

But if we take steps to advance our lives even if we don't say that we want to get rich but we prioritize action, for sure in the end one day we will see that there
is a gradual change in the state of our lives.

It is not easy to be rich from their salaries reminds that they will have daily needs to fills. They need to allocate their salaries to all of their needs and see how much money they still have. Most people will not have much more money left from their salaries so that is why they search for other jobs to have more money.

However, if they want to have more money, they can create a business that they can running to earn more money. If they can grow their business, that will gives them profit and could use the profit to expand their business.

Maybe that will not compulsory for one to have his own business but he can have investment so he can earn more money in the future. That is when they don't want to create a business so they will have a chance to make money.

To be honest, I have not seen people who receive good salaries, but remain poor. It does not sound quite clear to me. How do they receive good salaries? Does it mean they have good skills and knowledge, but they are still poor? Such people are always in demand, which means it is difficult to call them poor. Here it seems to me that the OP sets the limits; that is, the money that seems big to him is not enough for other people to live. No one has the right to judge and decide how and when to deprive yourself of things necessary for life. Everyone has their own needs. But I agree that if you have an opportunity to invest, you should not miss it, while others save on their needs and health, investing for the sake of future profits; this is not quite right. Sometimes we save on health so that later we do not regret spending money on medicines. We must remember this.

Investing does not guarantee that you will end up being rich. There are those who definitely invest and lose their hard-earned money, and until now they haven’t recovered their funds. However, there are also those who invest just a small amount and eventually manage to grow their business, thus creating huge amount of returns that makes them rich and live a more comfortable life.

Now how about those who only rely from their salaries? Yes, they can still make a good fortune and get rich if they  have bigger amount of compensation and are able to manage their finances well. It’s just that they don’t want to complicate things and avoid risks as much as possible. Investing may double or triple our capital, but it also requires a lot of hardwork and sacrifices, and some people just don’t want to risk on it.

Yes, this is a common problem experienced by most people. And it is not easy because what they think about is how they can survive and that is what they prioritize from the income they get to be able to meet their needs which sometimes in less than a month their money is gone because the income they get from work or others cannot fully meet their needs and this is what makes them have to have another way by looking for additional income or side jobs and the goal is to be able to meet their needs until they can receive their money back and this is a problem experienced by most people and these people will not be able to develop or create a business or other things that can make money from the results of their hard work.

Although there are, maybe the person is a hard worker, does not give up easily and lives a life full of misery because they have a good goal to make money. Because that is the only way they can make a successful business and make money, but most of them also give up easily and return to their previous comfortable state of only making enough money to be able to meet their needs with gratitude.

And what is clear that will make them rich is by investing, because their time is spent working and after getting their salary they can invest in the right place and also profitable for the long term and this is a comfortable way. But if they do their jobs and businesses very well without anyone being harmed from their jobs, businesses and themselves, it can make money and potentially become rich as long as they can live it well overall and stay healthy it is impossible to be you, because most likely they will not be strong and give up especially their health.

There has been a wave of young boys in my country buying flashy cars mainly Mercedes Benz. Some of them claim to have made money through content creation, while others have invested in cryptocurrencies. One common feature about the majority of them is that they end or selling the car within a few years because they always go broke. I tell people that even if you don't have business acumen, you could simply buy a land or house, Bitcoin or some precious stones like gold or silver. These assets have proven to appreciate regardless of the economic conditions. Instead of wasting money on items that lose value over time, it is better to embrace appreciating assets.

Salary is more than just a salary;  there are levels to this salary thing. Someone earning $2,000 per month cannot be compared to someone earning $20,000 per month. The lower earner might struggle to keep up with basic necessities with their salary, but the higher earner can have other options to do investments. While it's not compulsory that you do investments, it's necessary, advisable, and wise. Because when you retire from earning your salary, what do you fall back to? It's the money you've saved from earning your salary or the investments you've made that are now multiplying for you.

And you can make it with a good pay; you just have to find that work that pays you well and gives you time to think straight, have an extra job, or extra investment. Besides not everybody will be an entrepreneur, be a 9-to-5 worker,  o a remote worker. You just have to know what works for you and be smart. And whatever space you choose, work towards being the best. If you will be a salary earner, work towards having a job that pays you high. If you're an entrepreneur, try your best to scale fast and be successful. That's how I see it.

Bitcoin has given salary earners the opportunity to invest without stress or running from pillar to post. Since you are a salary earner, after taking care of your monthly expenses, the left over money can be use to invest in bitcoin whenever you get paid and continue your accumulation with DCA overtime. I bet you that at your retirement, you will be proud of how much you have saved in bitcoin. Allow your money to work for you.

Business is high risk, so you need to do other high risk thing if you not want to have a business. Investing in cryptocurrency is one of the solution, it's high risk. It can change your life if you playing shitcoins, or you can choose steady grow by investing in Bitcoin, your wealth will grow, but it takes times.

The key is pick the high risk thing that you've familiar and mastered. One day, it will paid off.

No matter how huge you think the money you have is as long as you spend continuously it's going to be a minus not an addition. There are people that are currently broke but there once had millions in their possession. If your money doesn't create another means for you to make more money then you are doing the wrong thing. And one mistake a lot of people make is that they fix all their attention on forex and crypto, instead of this to become addition to them this makes them go entirely bankrupt. It's much better to have a physical business you are running and also work on doing other businesses before you can start thinking of doing online investments. Business is key.

Clearly, he has some high standards for poverty, I can only wonder what would be his criteria for becoming rich ;D. Maybe a couple of million will make you rise above the poverty line.
IMO OP is either delusional (I am using this more and more nowadays) or posting just for the sake of posting.   

If a person wants to improve his financial situation by only depending on the job, it is never possible. If a person wants to improve financially, he must depend on a business. And to do a business, first a person has to provide money. Although providing that money will not be easy. But if someone provides that money, then he can definitely see a good time at some point. Establishing a business is not easy. But if someone can do that work, then he will definitely benefited.

To do business, money is definitely needed. It is not possible to establish a business without money. Again, there is no way to say that anyone can be established only if they have money. Because many people lose money by investing in the wrong place. But the main thing is that if someone wants to own more wealth in a short time, he must be involved in business.

If you look at the majority of rich people in this world, they are all rich because of investment or business. Only a few are rich from salary alone, only those who have big salaries can build wealth in old age. For me, if you find that wealth in "salary", then you will be poor forever. However, if you find that wealth in investment or business, you will have the potential to be rich in the future.

Because with salary alone you can only survive, let alone from salary you can't manage income and expenses well, it will make things worse. In my country, ASN salary will not make you rich, but it is enough to finance your life. For that, apply a mindset to develop assets through investment or business. Because both of these things greatly affect your finances in the future, the point is wealth without effort and investment you will never be rich.

Having money without having the mindset of a rich person is a disaster waiting to happen. That’s why rich people that made their fortune from their business don’t get poor so easily because they exactly know how to avoid the traps.

That’s also the reason why the lottery winners usually do a full circle and end up where they were before they won the lottery because they don’t know how to manage their riches.

Most people dream of getting rich only to spend that on stupid luxury shit.

Little they know, rich people get rich doing the exact opposite of those poories dream of doing

I may agree on your principle of theory, because I know quite well that whatever you're doing and you don't have a investment that is giving you weekly returns or monthly returns and annual returns, your finance will be classified as unstable finance, because the source is baseless and anything economic blockage can affect you.

It's obvious that economic expansion can be call investment, so from the look of things when building of business up, neither wrongly or right is an investment,  the problem is that we should take precaution and also be able to know the kind of investment you're building as a beginner, because it's not all business or investment that yield positively.


         

Even owning a business does not automatically mean you become rich, the only way to become rich is through discipline and investing, and that includes investing in yourself as an individual. When you invest in yourself, you garner more skills, you have more things to offer and you are more likely to earn from multiple sources.

That said, there is nothing stopping one earning a salary from doing this, they can always quit when they feel the job is getting in the way of their growth or when they feel they no longer need the job

Of course there is a way to be rich without owning a business. Look at Football players, NBA players, NFL players and other athletes that get paid millions of dollars by their clubs. But the problem is that when you are an athlete, you can't depend on your salary for the rest of your life because as you are getting older, you are getting near to your retirement and you have to take care of yourself in your late life, right? So, these athletes buy or create new businesses like restaurant business, hotel business and so on.
So, to sum up, short-term, wealth without a business is possible but long-term, it's unlikely. There is inflation and some other issues in life.

There are people who earn huge salaries more than those who have a good business. So I don't see any point in why people talk negatively when it comes to salary earners. What you earn as a salary might not really matter at some point but what you do with what you earn is what matters. Even those with low salaries still save up to open a business with time the business grows to become successful. Every little beginning is what we build success in the future. No matter the means we use in earning we can achieve something tangible if we use our money properly. Business, salary or skill is very good. As time goes on we can progress into diversifying our income into passive income and another type of income from investment.

It is difficult to explain how the category of success in building a business is because for business people who are still active, there is a thought that they are still just getting up even though in people's eyes they are already successful business people.

Different styles, different tastes. This sentence seems to be able to describe how someone has a career in their business.
For me, being rich is just a feeling that is felt by someone. It does not lie in how much money they have. Poor people are also rich even though they do not have a salary.

For salary earners, the type of work you do will determine if you will get into business or not. Some work doesn't give you a chance to own a business because managing a business requires time and attention, so some of them can either go into investing in something profitable, which could be turned into something large later.

While some salary earners can get rich just by doing what they do for earning money and get ranked up in their work, which they can receive a salary increase for, some companies pass much salary depending on the skill you have and the service you render to them, but it might not be enough to make you as rich as where you can be noticed or announced on Forbes.

Life without an investment is difficult probably if they don’t feel the need now they might regret later, it’s not a must owning a business or an investment but we all know the right thing to do when the funds is available at the moment. Not everyone will become poor after spending carelessly especially when there’s a steady source of income that’s just the honest truth meanwhile for those who work so hard should always provide an alternative as a backup in terms of financial crisis. Salary earners with low income it’s definitely a must they create other financial opportunity as a support else the wealth is just for awhile.

Personally, I think it depends on your definition of wealth and riches and a contented persons definition of rich might be different from that of a very ambitious person and also yes a person or a salary earner can rich in their own sense but it’s greatly dependent on how much such a person earns as salary.

You also have to understand that, not everybody will be successful in business, regardless of how much effort they put into the business and that’s life as some persons are born to work for others and still be very successful or maybe living a very comfortable lifestyle.

Life has no manure and I’ve seen and heard stories of people who lost incredibly huge amount of money in investment and you’ll agree with me that, such persons might be in regrets of investing and wish they never did and there are persons that started a business with a relatively very poor capital and ended up growing it to a very huge business, that’s how life just works and that’s why as a person, I believe we all should do the right things at the right times and find our niche.

Everyone must want to be rich because that is the goal of many people who work hard, the only difference here is that there are people who are ready for it and there are those who are not ready, like me who already works and has a fixed salary I want to be able to open a cafe business that I have dreamed of for a long time I have prepared the items that I have to buy but even so I do not fulfill it because the salary I get is only enough to meet family needs and pay bills for water, electricity, wifi and others.

I am sure my dream will come true but maybe not now, there will be a time when I can do what I want because I know success lies with those who are willing to work hard. A life of sufficiency is my goal so I have to balance everything by fulfilling what I should and slowly realizing what I want.
But if I only rely on a fixed salary from the one job I have, it won't make me rich.

Owning a business is very important in ones life, just like making an investment. Without a business or an investment immediately after life your families might suffer because there will be nothing for them. Saving money alone can not help a family in future because everyday inflation hits fiat currency and it loses value. So the best strategy to use right now that can help in future is by making an investment that will last more than 8 years or more than.
Those earning salarys should make investment while they are still working and am not even sure that everyone is working in a company that will pays pension to their retired works. So making savings and investment while working (no matter how small) just keep doing it.

This is depending on the type of business that you have. For example, I know a company that I purchase constantly from, they do comic bookstore stuff, all those toys and magazines and so forth, and while they do have physical location where you can go and visit, they also sell online too, and not only they have their own website, they have their products on places like amazon and other local ecommerce websites, while also having social media accounts where they share their new products whenever something comes.

When you think about all of that, you end up with a much better result, and you get great returns. But that's still a physical business, that combines online with it. There is also fully online business ideas too, like lets say you sell educational pdf books, that's purely just online, or you build an AI website and sell tokens to use it etc etc, basically it's fully online. Those are two different ideas.

It's all depends on the way you were trained in life, if you come out to be trained to be a salary earner, I mean , go to school, get certificate and get employed by the government then wealthiness is not for you, if you were trained to make money works for you, as in doing business as a skill from birth, then wealthiness is sure to be yours.

Wealthiness does not come from salary but come from getting mass money, mass money is a system created whereby different customers around the world patronize you, for example, if you develop a very secured centralized wallet used by different people of the world, then you've created a wealthy system for yourself and team.

A salary earner that would consider doing business is setting the space for him to be more financially stable not creating wealth for himself, if the business is managed by salary owner then it's doom to fail in time because he lacks the skills of business. Business is a skill that has to be taught.

of course, but if the item is on him I'm sure he can turn things around. An employee for example can apply for loans to various places because there is a pay post. if it is used for business development such as selling daily necessities I'm sure the loan will be paid off, the salary will stay and the profits will come.

Next he will come to virtual trading by buying BTC and holding it for a long period of time. Finally what you said is quite good because as long as he has a concept and trading skills he will be a winner.

You "can" become rich without starting your business and only getting a salary. Depends on the salary and your job of course, because you are not going to be wealthy with a minimum wage, no matter how much you think you can save.

I once worked at a place where the manager made about ten times more than me, of course he was the general manager, so he was responsible for literally everything. That dude could save and become wealthy without a doubt, he was making more than most business people made, so I am pretty sure that it is not going to be that hard for him to retire wealthy, maybe by now he already did. To be fair, those kind of people do not just retire and go home, they save and invest and when they are finally out of a job, they start their own thing or something.

Preparing a business for your family is very beneficial later after we are gone but we must teach other family members about the business that we run so that it is not in vain after we build it with great difficulty and cannot be continued by other family members and by teaching them about the business that we build it will certainly be useful for them after we are gone.

By setting aside some of our income to prepare for investment or a business, it is much better for our future because there is nothing wrong with setting aside some of our income by living frugally for a while and after our business and investment are running well, of course we will be able to enjoy the results of the efforts we have made.

Bank gives out loans if you are on governmental payroll  as that's the terms and conditions you have to meet for you the to be eligible to be awarded a loan because banks understand the meaning of business, bank know exactly that business is not certain to be profitable on the long run and crash at some point in time, so they play smart to be deducting from your monthly income that comes in. Banks don't care if the business is profiting or not.

Buying BTC and holding it for long resulting to high value appreciation makes you wealthy? Like your total BTC balance is approximately $10k-50k, does it mean you are wealthy? To me been wealthy is getting $10k-30k or above consistently either daily, weekly, monthly from your project created. That's wealthiness.

You said something good, if we have a business then we have to make sure that our family will be able to continue the business that we have built after we can no longer manage it, either because we are old or because we are no longer around. Because in some cases I see a family business has to go bankrupt because the heir or the person who continues the business cannot manage it well. That is why we have to be able to ensure that the business will continue. However, it will be a different story if the business we built goes bankrupt and the heir has a more successful business, because if that is the case we can conclude that they are not unable to manage it well, but they are indeed more focused on other businesses and have proven to be more successful.

On papers your idea working perfectly while in real world it's really hard to implement because if one person is working for salary then surely he needs to give his time to job then need time for other things which also needed time after this not enough time for having loan and doing own business this can bring problems.

While this idea is also not for everyone because many countries are not having soft policies for common peoples which give him opportunity to avail loan and start his business as part-time with this also needed good search about products and also other things mean is this going to be profitable, or he could be going to increase his problems. Investing in bitcoin through DCA is now better because if someone able to accumulate then surely it's going to help him in long run but still just do your all search and analysis before jumping into any adventure is also important.

No one gets rich just by salary. Never has it been recorded in history that a millionaire got to where he or she is because of his or monthly earnings from salary. Salaries these days are not even enough for workers to sustain themselves through out the month, so how do they accumulate money that can be said he or she is rich?

The only way out to fortune for any salary earner is through investment or through having a business that would generate more money aside his monthly salary.

If you look at the top richest men in the world today, most of them are business tycoon, they own companies, producing plants, businesses, investment (shares) in other companies. Being rich have different classes, there are people that are so rich that they don't lack anything, they only depends on their salary (which is actually a big amount) and yet all their needs are met.

Then the super rich, they definitely have business, company, brands or shares.
It depends on the company that one is working with and the amount of salary they get, that's what will determine if they can be rich without investing in a business.

I think it's a problem only among some people who are careless with their money, and this mostly happens when a person has inherited a business or the wealth that they are using because if you are someone who worked hard to reach where you are by building a business from scratch and making it big enough that it earns you a decent amount of money, then you will understand the importance of money and how it should be spent. Those who have gotten the businesses from their elders wouldn't value it, for sure.

You said that this is the reason why they stay poor, but I would say that this could become the reason for them to become poor because if they have a business earning them good money, they are not poor, but if someone doesn't have any knowledge about financial management and how a business should be run in the first place, they will end up ruining it eventually.

There is a small percentage of people who think owning a business or "being the CEO" is the pinnacle of success, but the label is actually rather meaningless unless you're putting in the hard work required to make it successful. When you're first starting a business you'll likely have to be an expert multitasker and learn how many different facets of business work, from admin to marketing, manufacturing to security, it is never ending. Anyone who has taken that path and is several years down the line will understand that conserving your resources (money) is very important, so they will be much more selective about spending on things that are necessary while filtering out lots of poor spending decisions based on experience and failures they've had before.

Money is easily spent than save but on a lighter note when you spend money you create means for more to come and that's in the aspect of giving. If I get very well your topic spoke about wealth without a business so invariably your benching on the trademarks of saying planning without focus, cause there's no way this two don't go along. You can't plan whereas you ain't focus for that thing you're planning so that's how it's applicable to wealth and business.. which makes it an investment cause it's something you're retaining other than languishing.

It depends on the amount they are being paid the salary because some people get their salary that will cover their needs and still have some money left, which can be used for investment, like buying shares in companies or other investments, because as a salary earner, it is not advisable for you to invest in an active business that will need your full attention when you have already dedicated the attention to your job that you are being paid for, so you will have to invest in a passive investment so that you will be able to get profit even without putting in effort. But in most cases, it is very rare to see a salary earner with wealth due to his/her salary unless he/she stole the money from the place of work.

If in investment you mean that someone should save their salary and keep it in the bank or in the pocket, then you are wrong because inflation will eat your money, it's better to spend your money than to let inflation eat it.
If in investment you mean buying stocks and cryptos, then that's a good idea but you should be very smart with your decision, timing and patience.

If you depend on salary income, whether you can be rich or not depends on your salary and where you live. I know a person who is the CEO of a big company and his salary is so high that he is very much but there is only 0.0001% of people living in such condition. More than 99,999% of people who depend on their salary, can't be rich without business because their salary will never grow enough.

It's not wrong to spend your money because that's your hard-earned funds, as long as you spend within your means, you will never go wrong with it.

However, for wise and smart minds, it's a lot more productive if you spend for your investment, rather than buying unnecessary items. You invest because you want to grow your money and build financial stability in the future, that's why you have to set limits in your spending habits if it means trying to satisfy your wants rather than spending on what is important and what will give you a brighter future ahead.

But in the case of giving, I have seen a lot of people gone bankrupt, and wretched because of their habit of giving. Not that it is bad to give, but I think it should be done with moderation and your money for business and investment should not be used for charity case. People should understand that business is business and so should not be taken lightly

Mindset matters.
True businessmen think that money is used to expand their businesses. An average Joe on the other hand thinks that money is meant for spending on whatever they want to. This is why mindset matters because the mindset of businessmen differs from that of a regular person hence, they're much richer.

Yes, there are other ways for somebody to become rich without owning a business. These are:
1. high-paying jobs
2. smart investments
3. stock trading
4. real estate
5. building valuable skills.

Having a business isn't the only way for somebody to be rich. I've seen some people out there that are rich right now but doesn't have a business. While having a successful business increases your chances of getting rich, it isn't the only way to be one. :)

The truth is many people do not the strength or the necessary skills to do a business.so even if the earn high income and still do business they can’t last or creat a long lasting wealth.

op I don't think the user in question is talking about giving. As I can see he is talking about the amount people get as salary, that it should be enough to settle for family expenses and many and for investment. But however to your question above how people can become rich or successfully without a business, is that they may win lotteries, they might work in a company and receive salary, they may just buy some random altcoin and it happens that it increases by 1000x and the person becomes rich. There are times a contract can be awarded to a person and after completion then the money will be dropped and such person may become rich.

in our current society where the cost of living is on the high side, high interest rate, inflation is the order of the day. It is very difficult for salaries earners to be rich or wealthy without owning a business despite their financial literacy. it is commonly believed that before they received their salaries they must have incure some sort of debt. Either paying electric bills house mortgage or even rent. It will be very difficult for them to save up and be rich. So it is probable for them to own a business and still be working.   

Every human being is worth more because one human life is equal to many human lives. It is this human being who works in it and conveys it to other humans and this system continues to run before him. People who work only think about their salaries and people who do business think about their wealth and there is a big difference in the thinking of both of them, due to which their life also changes. This is really true of you because in the last days they don't have money to run the house and they take loan from someone for two or four days and run their house system. There are many problems for employers which are solved by just one salary, but if there is any problem for business, it is solved by money.

Salary earners can create their own business if they have been paid sufficient amounts that they save for business. Money is like a spirit and it is better for someone that have the mindset of having their own business to work on how to save money to create their own business. There are people that have the money and will never bother about doing business because they believe money will keep coming everytime.
Wealth can be built at any point in time especially when there is money available when one is an employee or an entrepreneur. It is not just about doing business but business that will be profitable in a long run.

It seems like you don’t read what I wrote before you quote me because I don’t see any column or sentence that I was talking about giving out money for charity or any other thing. I was strictly explaining how those that have enough salary can invest their money in a passive business so that they will be able to get more income.

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Furthermore, next time when quoting someone, you should make sure you are talking based on what you quote, not talking about something else, because it makes no sense. Moreover, shitposting will not help you in the forum because your account is still new. You have to focus and know what you are doing, not go around and posting anyhow. Please take note for another time.

Well there is always a negative angle to this too , because the same way you get to spend money with the intention of more being same way it can go sideways meaning you can spend to get more and still lose everything but I guess that's a negative energy and business minded typhoon don't count this as part of their plans as everything is always positive but without doubt this is the truth of life and also people still spend lavishly not to replenish too

The Idea of spending more money when some people start making more money is what is keeping so many people broke. People don't know that you don't spend more when you have more but save them and invest the more spare money that you are having, you're doing that so that your money can keep growing. The more you earn, your lifestyle should reduced although you can keep yourself comfortable but not too comfortable so you don't think that you have made it and you don't  need to grow more again. You can grow wealth without a business as there are people that got wealth from investing and not owing business. Not everyone can be good at building a business hence when you see good businesses that are getting built, you can buy shares in any of them and continue to do that until you have enough investment in all types of businesses.

in my own view,you can never be wealthy without an establish business either medium scale or large,though  some people feels having money in their bank account is enough reason to be in possession of wealth.I will stand to be corrected that riches or wealth is not rated by how much money you have in your account but by how many businesses you have been able to establish.In some cases to establish business is not that easy because of the sacrifice it requires but you need to discomfort yourself and it needquires high level of discipline

Of course, it really depends on the amount of salary received to be able to run an investment because if the salary received is only enough to meet needs, it will certainly be difficult to be able to run an investment, it is indeed difficult for a worker to run an investment that requires full attention to the investment being run and I agree with you if we have to choose a passive investment and can look forward to the benefits from it because if we choose an investment that requires us to pay special attention, it will certainly be disturbed by the work we do.

Someone who is rich from the salary they get at work is very unlikely because everyone who employs other people has certainly measured the extent of their workers' needs and it is very unlikely to give them a bigger salary so that they can become rich easily and what you said is also very true if a worker can become rich from the salary at the place they work, they have certainly done something that is detrimental to the place they work.

Salary is not meant to make people rich. It is just a process created for workers to keep working in order for them to get more benefits from the company or organisation they are working for. Just take, for instance, someone who is working for you and you paid him a salary of $10 monthly. When you see the worker has other options, that he can resign from your company or he is working less, then you will bring a plan to increase his salary by 5% and promise to give the best worker of each month an increase of 50% of his salary. That will make your workers work more and you, as the owner, get more income.

So, there is a fact that we need to understand about salary: it is not that having a salary is a bad idea, but a salary is a scheme created to limit your financial plans because when you leave based on salary, all your financial needs will be based on that salary, so all your expenses will not be more than that; if not, you will end up in debt. So having a salary is not bad, but spending the salary in an unplanned manner is very bad because you need to plan so that you can resign early and create your own business to get more income or even become rich.

In fact, the concept of money management is very rare these days. People are ready to buy iPhones of the summer model in which nothing has changed, in order to feel more important and be more presentable in the eyes of other people. But the truth is that investing in the right cryptocurrencies and stocks makes any person much more secure and has a better impact on his future.

Without business, one Connot be rich because it will be entrapped by the middle class mindset and he will waste his money on useless things. But there are more chances of becoming rich if person has knowledge of cryptocurrency and he entered in the market with full expert mindset and invested money for long term then he will be rich but in most of the cases , there will be rich people who are doing progress. Rich people know how to handle the tough situation and they will prepare himself for that kind of situation which can damage their financial status. Wealth is mostly related to investment and without investment we can't be rich . If person know how to invest money he will get good financial status in the future.

I totally agree and most of the time we always run away from what we think and plan and this sometimes makes us stupid. many things beyond our expectations will happen and it is always beyond our previous reasoning. but, this is the journey of life has been arranged by the almighty. The most important thing is to always pray and try so that all our affairs will be made easy.

Maybe if you see, of course if you see those who develop a successful business that looks rich, but there are those who are rich in monthly salary income, but have a category.
Those who are truly rich with salaries without business that work on oil and gold mining, if those who work in government can be rich who have the highest position, if only ordinary employees with low salaries will not get wealth, only salaries run out to eat.

For that, those who have salaries can be rich in high positions, those who do not have positions cannot be rich, so there are two words gori for those who are paid to produce real wealth, do not have to have a business.

yeah you are right that we can indeed be rich even though we become a gap, but with a note that our position in the company has a strategic position that gets a greater salary, there is a possibility of being a rich person especially if they invest, so this can be possible for those workers even though they don't Have your own business.

But people who have a minimum salary will never be rich from their salary, even when talking to investment even though they do not have a mindset in there because their money is only enough for the necessities of life.

Judging from the data, there are still most rich people, but pilots are workers, with the meaning that people with a strategic position can become rich people, or other examples of soccer star players like Messi and Ronaldo basically they work for a club and they get wages.

https://i.ibb.co.com/0jwb9f83/Screenshot-127.png (https://ibb.co.com/pvmFK3Gp)

I believe it is not possible, to be honest. For one to be rich it is required to have one's business, hit a jackpot, win a lottery or becoming rich from inheritance.Inheritance and that money can be tracked back to one of the oldest members of the family to have owned a business or have invested in an important company or asset in the remote past, so itself wealth generation requires some kind of investment or business building to happen.
One cannot hope to get rich or reach economical independence by holding to a salary and hoping to reach a higher point in ones career, inevitably one needs to take bold choices and sacrifice savings in order to build wealth, in that point I pretty much agre with your perspective of business.

Nowadays, remote work is very common. Therefore, citizens of poor developing countries can work in organizations located in rich and developed countries.

This will allow them to receive high salaries (significantly higher than those paid in their poor countries). In poor developing countries, current costs for utilities, food, clothing, public transport are usually not very high. A person who receives a good salary and has the opportunity to minimize his personal expenses can save money for investments.

Smart, reasonable investments are a direct path to wealth, to the creation of capital.

To make it clear business is a way of investing ,you invest your money to business,another thing is the people who earn salary will never had a chance to become rich the one who become rich is the business owner because they earn mich more bigger than the worker which only earn a minimum wages,so i think investing to a business is more better than working on a company and earn minimum salary.

The business owners can not share the same amount of money with their workers because the business owners owns the business and they invested their money on the business as you said while the workers are just working attending customers and some other necessary activities they needed to do in other to get their monthly or weekly salaries.
The reason why I would agree that businesses is some sort of investment is because it involves capital and one need to be consistent with his business mostly when workers have been involved in it. Some business takes years to grow bigger probably because of the management or the services or the environment the business is, same as investments.

right, remote work is the best job, because if you have a laptop with good internet connection then you can work from any where you live,
personally i would like to work in remote job, i have experienced to work with several jobs, it's enough decent salary to any offline job.

Yes, that is something that is clear in business, and when starting in business, it takes hard work and thought in running it and of course capital is spent when starting it, so in this case the income that is obtained is certainly commensurate with the hard work that is done, and workers only carry out the business process, in essence an investment is the first capital that must be spent.

Yes, bro, business starts with capital that we have to spend at the beginning, then we develop it little by little to grow further and can generate bigger profits, the more capital we spend, the more we get, that's not all. escape from our consistency, if we are not consistent we are just wasting money and will lose ourselves, by starting a business we have started a life full of struggle so we don't abandon our business in vain, so we have to be consistent in Do everything to get maximum results.

Though I understand what you wanted to say, making it look like the business owner is a careless spender doesn't look coherent to me, you are conflicting this. No business owner would want to joke with his source of earnings and eat everything away just like that, just as spenders who don't like business but spending will not hit it big in business. Above all, good business will yield good returns, this should be well balanced and turnover for more gains rather than squandering it.

I consider whatever we do outside working under someone or company a business, be it independently or rather dependent on someone's managing the business, as long your private money is included it's a business in other words investment because at the end of the day you get returns not based on work done but your resources that was involved. Some kind of business i mean are like the seasonal business were you only have to buy and store the products without doing daily jobs. Some people do continue working and still own a business, their main target is being able to provide all what they need to sustain, they basically will feed from the company job and then what profits they make from the business is used to restructure and grow the business into large scale.

It sounds easy but when it comes to realization it is much more difficult and many people may understand the structure of the work but are weak in its implementation. The percentage of rich people is greater in running a business although investment cannot be ignored now because many people are able to achieve wealth through the investment sector especially in crypto. Most people see money as a form that must be saved so that the money is not productive, some others use money as a step to achieve growth by allocating it to the business sector or investment.

If you want to get rich then you should start a business or investment because hoping for a salary will not be enough to build a foundation of wealth. How many jobs are paid and how much is the largest amount so that building wealth is impossible to achieve only relying on a salary from working like that.

People who have a fixed salary will also use it and will not run away. In short, we can say that there is money for his family's shopping and there he also has to take it to the office. This is exacerbated by the condition of expensive goods and services that make him have to save or have to add other activities that are of a take profit nature if not debt is waiting for him. So, don't think that all employees are happy to live only 5 minutes after their salary comes in, the rest of the time they travel around the world looking for extra money.

That is very impossible the owner of a business will always continue to have a larger share and the only people earning stipends is the workers because they just need money to feed, and why it was so is because of how they have been spending there money just to have established the bussiness, everyone would have paid there sacrificed before been a part of the bussiness and that is why there earning is also different and everyone will
Have to play there role well to make the bussiness very functional.


When you don't have capital there is no way that you would have been able to invest in a business without capital that is like the main thing that is needed when you want to invest is capital and if not for that a lot of people will not even worry about there plans of investing. And for functionality of the business there have to be a collective effort.

Aside investment in business and receiving salary becoming rich also requires discipline. Financial discipline is needed for proper management and usage of funds. Some persons millions of naira on monthly basis but spend all on unnecessary things. They believe in it up as it comes, no further plan of saving, investment or even having physical landed properties. So just as investment and businesses are important some persons need financial discipline to properly use funds to achieve greatness or riches.

The reason why the business owner doesn't pay the workers that much, is mainly because they are the ones that are taking the risk, or at least that has been the capitalist approach for many years. They claim that they should be able to get paid more, because if the business bankrupts, then the business owner is bankrupted, while the worker will just go find another job.

However, that has changed over course of time, to shareholders making money thanks to business owners. For example Amazon, Jeff Bezos claims people shouldn't focus on how much money he has made from Amazon, but how much everyone made from it, and yeah that's right, Amazon made a lot of shareholders money. But that doesn't mean that you can make less profits as a company, while paying your people enough, which I believe would be the most important part without a doubt. I know that's a tough deal to accept but it's just the way it is and we should accept that the ones with power, will use their power to get even more powerful.

I think the use of salary will depend greatly on a person's behavior and if they already have a family of course they have responsibilities and the salary they earn is certainly for the needs of their family and related to the price of goods that continues to increase of course this must have good management of the salary they have so that they don't have to do things like what you have mentioned and your opinion is right as an employee the salary they have will not last long especially if they don't manage it well of course they must always take out loans to cover their living needs and finding additional sources of income is indeed very important so that all their needs can be covered from the additional income and do not have to take out loans.

That's a good point; financial discipline or financial literacy is surely an important thing for a person to have because if someone doesn't have that, they won't be able to maintain their status even if they manage to get to a status where they might have wealth, businesses, profitable investments, but without financial literacy, they will lose all that over time.

It might look easy, but managing wealth is not an easy thing because even small mistakes can cost you a lot in certain cases. This is why, those who have wealth and are rich always have to think more than twice before making any decisions so that it doesn't affect them financially.

Wise people used to say that earning wealth and respect takes decades, but losing it takes no time. :)

A wealth without investment is a one-time generation wealth but a wealth with the different investment is a wealth with one and five kind of generation because the wealth is going to recycle through the investment and that is why it's very important for who so ever that is making money from one particular source bad person should extend the source of making money to another place so that if one particular source close the other one will remain and the person will not lack money throughout the lifetime so that is why majority of people who is into business continue to expand their business in order to get more

Remote jobs allows the worker enough opportunities to try new businesses, and in similar way stay productive. An individual can handle more than 1 remote jobs and generate wealth, with the right team and motivation including goals. As these are what matters when enduring or building wealth. Of course the staff is relieved of multiple expenses like transportations but without a nice motivation or goals the fund would still be directed to the wrong spending.

Some people are poor today not because they didn't have money before but because they failed to invest it, I have a friend he was working with a big company and they where paying him huge amount of money and he was doing well for himself but forgot to invest the money so time came the company decided to drop some of there staff and he was among them and when they dropped him and they paid him his payoff he still didn't invest with it and that was how he was spending the money till it got finished and he became poor and started suffering a friend of his they dropped together invested his money into a business and till date his still rich and doing well for himself, so as someone receiving salary monthly or weekly you need to invest your money on something if not you will one day become poor, a lot of poor people you see today one thing that made them poor was because they refused to invest there money, when you are spending money you need to also plant it so that you can be harvesting it and spending.
You can be very rich without investing your money but your riches won't last, for example a football you be rich just with your salary and even if you decide not to invest you will still be rich but if you retire without an investment then you will be poor.

There are other things not just business, they could invest in crypto, stock, or forex trading.
There are also who invest in asset's or real estate, if they could save enough money they could do it, the problem with some people is that they are already contented by their life style living with enough money to survive till their next salary comes, enough to pay bills, put food on the table and have a good time, shopping spree.

This could be connections, with the tons of connection even though you don't have business but you know how to talk and give respect to others you can be a middle man of each transactions like lets says its a freelance but in take of finding source for clients. Beside from the business I guess this could add too the generation wealth if your parents is already rich all you need is to inherit now it up to you if you will push your business or not. These are the things possible but we says wealth its included with the cashflow which is assets and business is one of this.

Getting a fixed salary in a certain amount is no way to get rich because in a certain capacity the money from the salary will never grow. It takes a business to achieve the expected wealth because the path to getting rich is impossible to achieve by relying only on salary. In my opinion, there is almost no way to get rich by relying only on salary and there are almost never people who are rich by relying only on salary from their place of work.

In business we can expand by adding capital for growth and that is called development not spending money. The way someone develops in business is by adding capital to expand their business so that they will get more results for the business they are running.

There is no way a person who is receiving just salary can become rich if he/she doesn't invest into something,let me use myself as a typical example, for years now i have been working for the federal government receiving just salary,up till now there nothing to account from the salary.all I'm saying is, in everything you do make sure you invest.

Or in other words, we must have a very broad relationship so that it can make it easier for us to do something. The wider the relationship, the greater the possibility of opening up new ideas that will emerge.
Some people don't even have any capital at all and maybe they don't even have any striking skills, but with relationships and with a great desire to do anything, it will create an opportunity too.

For me, building a business is something that needs to be done, because this can be a form of long-term investment for us and our families. I see someone who is successful and can make their family better is someone who has a business that can later become a family business.

Business is business, work is work so i don't know why workers should get the same amount of salary with someone who founded a business. The capital used in starting up a business is not a small amount, if it is that easy then the workers should go out there and start the business. That is how it should be done if they keep complaining about how low their salary is.

Do you also know that there are some business that are not instantly profitable. It can take a year or 2 before the owner of the business will start making good money out of it. Within this growing period it is still  mandatory that he pays his workers. What the workers see is that he is profiting but him alone knows how he struggles to keep the business up and running.

A fixed income that someone gets is indeed not a way to get rich because the expenses they have will certainly be different from day to day and it is possible that the price of each need will increase so that the income will be tight or lacking due to their increasing expenses and it is true as you said if you only rely on salary it is impossible for someone to get rich.

Running a business can indeed make us rich if we continue to develop the business from day to day, but currently, people around me prefer to be someone who has a monthly salary for various reasons and of course they don't want to accept a challenge from a business that can make them rich after they continue to develop the business.

does people who earn millions of Dollars as a salary monthly depend the hierarchy then found themselves in a company so automatically there are a rich set of people in such industry so they can decide not to invest in anywhere, so that is the problem that we have we must do not acknowledge the fact that a salary earners is not or cannot be a rich person I've seen many or them who are rich but we have to advise them to invest for a future purpose more than the investment is what will take them to become a rich person they have already made it in life through their monthly salary

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There is this mindset that comes with salary especially when it comes on a monthly basis, it has a way of figuring every bill and expenses into that single salary of which if not seriously carefully handled it may not be able to go round all expenses
Business or businesses are very necessary when it comes to financial freedom you can be getting only one source income and expect financial freedom

The current phenomenon is that people need at least $10 to meet basic needs in quotation marks for the lower middle class community of course and that number is certainly not easy to obtain considering that he is not a civil servant or private employee but only a freelancer or works relying on human power.

Currently, the opportunity exists but many are constrained by capital and are not experienced in this matter and it is very unfortunate if the opportunity exists but cannot be utilized optimally, especially if he opens a business and the purchasing power of the community is quite low.

The sustainability of one's household and its basic needs and how much they need for it depends on where they live because expenses and inflation are different in different regions. One person living in one country might not be able to fulfil their basic needs with $10 a day, whereas someone from another region might be able to live a good life with that amount.

I know countries, third-world countries, where people can eat good and do a lot of stuff with $10 a day because that amounts can be converted to a good amount in their local currency; so if someone in such a country is earning more than $300 a month, they and their families can live a good life eating good food three times a day and wear good clothes.

Freelancers in third-world countries who get clients from foreign countries earn good incomes because they earn either in dollars or euros and that converts a good amount in their local currencies. :)

The percentage of salary from the job we currently have is almost unable to make them achieve wealth because it may be limited to meeting the cost of living with the family while the salary we get at work is only in a definite form and even if there is a salary increase, generally the price of goods will also increase so that the salary is only enough to meet the needs of life with the family so that efforts to get wealth from salary are completely impossible for us to achieve.

If we want to build wealth, we must dare to take opportunities in business and investment because these two methods are much more likely for us to achieve wealth if prepared carefully. Although in the process of the journey it will require capital and skills, but if studied seriously, we will definitely develop slowly.

Capital is rarely the issue, because while there are some huge companies that was built with huge capital, most of the businesses in the world are small enough that we can all start it, and even some of the big ones started small, and used their earnings to grow, so the initial capital for majority of the worlds companies used small capital that we can all use too. Hell, most websites that grew so big, only used some server and one domain, nothing that should take more than 100 bucks to be fair, we can all do that, and make bunch of money.

The problem is that it's the risk that we are taking, and the success isn't all that guaranteed. Like for example if I spend a thousand dollars on a website today, and get some dev to make a great one, does it guarantee how much money I am going to make from it? Of course not. So, it's all about the risk of "what if it fails" that bosses make all the money whenever it makes money, and takes the fall whenever it doesn't.

Wealth without business can be said to be somewhat impossible in my view, because after all, everyone who has wealth comes from the results of their business, every job that produces monthly income such as an office or factory, you could say their salary is sufficient but to become rich is difficult, unless they have a high position, and even then it is not comparable to people who have started a business which they have developed from small to large until now, there are also many office workers who go into business to meet their daily needs, they consider the business to be additional income, if they focus it could become their main income. because income from business can exceed income from where one works, therefore no matter how small the business we start as long as we are serious it will definitely grow rapidly little by little.

One that's not discipline can not spend wisely when receive huge money. Was listening to a video on social media yesterday, and they said some rich people can not trust a broke person because they feels that when the broke person holds money that is his, his real character will show up. So this made me conclude that ones someone is broke he hides his main character and claims to be humble. Some people even though they are broke they still mismanage things.
Base in the current situation in some developing countries, I'm not sure that one source of income can afford some people's lifestyle  the way they live and spend daily. But although it depends on the kind of job and the income one get from the job.

The example you mentioned is a very reasonable example and also very real in the lives of many people who work in government. Because government employees have quite a measurable salary so that no one is left if all their salary is used to meet their own needs, so in such cases it is certainly quite feasible to invest in proven assets, such as in the example of Bitcoin. This is a fairly logical suggestion to do because without investing for our own future, it is very possible that in old age we will remain poor forever until the end of our lives.

Investment is the real source of wealth and if you should check any person that is wealthy it didn't just happened by earning salary alone. People invest there salary and with time they became rich from their investment. One thing about investment is that you will definitely gain more than the capital you put into the investment. Ant those who really understand how this thing works they never joke with investment because for sure it cam change things in the future. Every wealthy person has an investment that is generating income,  and one thing about wealth it doesn't just happen like that, people built wealth by going into investing.

I personally think that living on a salary is purely a matter of mathematics, you can calculate the maximum amount you can earn in a year and plan accordingly. Simply, without a business the only way to become wealthy is by strategically managing income, cutting unnecessary expenses and investing wisely. A salary alone has limits and surprises when you go through financial crisis, but investments in assets especially crypto, can grow wealth over time. 

However, for me owning a business isn’t the only path to financial success, but what you learn from the financial discipline and smart investing are more important . The solution of it all is ensuring that part of your income works for you rather than just being spent.

Of course it is true, there are differences where in place A it is not necessarily the same as in place B as well as lifestyle, family responsibilities. Another important thing is that there are differences in economic and social policies in each country or region which also affect people's purchasing power where the difference in the price of goods/services also determines if it is expensive, it automatically requires additional costs to survive. Well, what I said earlier is at least once.

Business run families and it is totally different from the job. In job ,you are only investing your money and you are getting income by investing you time and you are directly dependent on your boss and in Business, you are not dependent on anybody and you are investing time and money and you can face loss in the business and you could be bankrupt. There are benefits and disadvantage of both job and business. But business give freedom to the owner and job can't.In country economy, businesses play important role because they are earning and they are producing jobs and these job holders are paying taxes and government is becoming rich . That is the reason, government always give facilities to the business owners.

I think you are confusing things toeheth. If someone is running business and they are been successful in what they do, don't you think it's more like investments because do you know how hard it's to set up a business, make it work and get profits from them? Business is an investment because you put money into it to start something with believe to make more money, it's a big investment unless you are not mlaomg money from the business or not making any profits at all.

As a salary earner that has nothing to rely on, I don't really think it's a wise thing to depend on just your salary alone, I don't know what your nature of job looks like but you will get caught up by inflation and no matter how your pay check is increased, it wouldn't be able to meet up your demands and the bills you will pay at home. It's always good to have a primary source of income and secondary source of income, your salary should be your primary and investment into other things should be your secondary.

There are people who are well paid in there company,which allow them to be able to save well to gather enough money to buy assets properties without owning a business.

but buying assets and investing in business both are different, and assets have also different categories, some assets you have holding for lifetime but no passive income here, but business is a passive income source, and if you will success then you can buy another assets from your business profits, that's major advantages in business.

Buying property will also not always be able to save the life of someone who has a high salary because most of the property assets also require quite a lot of maintenance costs so that the owner also has to spend money to maintain the property so that it continues to look good. In addition, large companies usually also limit the age of each employee to work so that when someone is elderly they will be given a retirement letter for them.

And on the other hand, at this time there are also options such as robots to replace humans in certain sectors in order to be able to cut high salary costs for someone, so there is no way to avoid having your own business because everyone cannot always depend on one of the companies that still pays them at this time.

In my opinion, business is not a source of passive income. Business is always associated with active entrepreneurial activity and implies not only management and control, but also constant intervention in the business processes of the controlled company.

But it is precisely investment that can create sources of passive income. You are absolutely right that investments can be with periodic income payments (in the form of dividends, interest, etc.) and without income payments (the investor only expects the value of the asset itself to grow).

Strictly speaking, it is difficult to say unequivocally that one type of investment is better than another type of investment. Both can create wealth.

Buying of assets also relies on its market value. Like people in the real estate business who buy assets at a lower rate and sell higher in few years. There all fall under business, and could be used to strengthen both running a business or purchashing of properties or assets. Moreover most successful businessmen run the two to maximize profits.

Actually one can have wealth with out a business. Because of hereditary from parents. but the problem is having lasting wealth, despite inheriting from rich parents it is still expected of one to continue in that wealth, but regardless the best advantage would be having a lucrative business that will bring the chains of money supply rolling. So I think a lucrative business is what create wealth.

A salary earner must think outside the boss to elevate himself to the next level in regards to wealth, though there are some people that earn higher salary but in all, your ability to think about a good investment that can help you grow your finances, money is not meant to be stagnant or kept in a place irrespective of the amount coming into ones pucket, it not necessary about owning a physical business but a salary earner must seek for a good investment thats capable of preparing him for the future uncertainty, a salary earner may be sacked or relieved of his position at anytime I think that's why they should be prepared to have alternative to fall back to in case of any ugly occurrence.

Buddy it is not compulsory for anyone to own a business but it is compulsory for people to have something doing or have a good investment in something that's futuristic.

I think wealth without business is more for those who have rich parents so they most likely do not need to work or run a business to achieve wealth, because they may inherit the wealth owned by their parents. But I think not everyone is like this, there are rich people who do have abundant wealth but still require their children to work hard so that they feel the difficulty of earning money.

In addition, the child's own awareness determines it, if the child is aware of the reality, usually the parents will be proud if their child can be independent with their own hard work without only relying on wealth from their parents, besides those who only rely on wealth from their parents sometimes have negative views from many people and that is uncomfortable.

I think jobs destroy the economy because that are burden on the government and these jobs should be on the private sector. Government should not print over money because it is big fraud to the public and public should learn from that . There are many thousands of people who want jobs from the government but government has no capacity to give them jobs because they have to pay them but I think doing business is best option for poor people because they have freedom in that and they can be rich by this method.I think the people who are doing crime should be in the gaol and that is best for the country and job people are leisure person and they are not working good on the job seat.

However, it is possible for someone who earns a salary to become wealthy, but it is dependent on how you spend your money or the quantity of your income. Some people can receive a salary, but it is insufficient to fix their problems within a month. Some people who earn a monthly income live a luxury lifestyle and waste their money on unimportant stuff, and by the end of the month, they have spent their money or even taken out loans.

Furthermore, I've seen many salary earners who are wealthy, but I don't believe the majority of them do so with their monthly income. However, with the way things are going in the economy today, one can no longer survive only on their salary; they must have other businesses in which they invest part of their money; otherwise, they will have no idea what they spend their money on. Well, it depends on the individual's perspective, if they believe they can be successful without owning a business.

Investment is literally the only way a salary earner could get rich. There is no way that salary earner could be rich with their salary, you end up putting some aside, and use that to invest and if your investment does well then you end up with a lot of money. However, most people who are salary earners, fail to put some aside, including me these days for example.

The amount of salary you earn of course matters, but none of us really make that much money to begin with, we end up losing most of our money back to debts and living anyways, so putting aside isn't that much for us, only for huge salary earners it could be possible but there aren't that many of them. This is why we need to be taking care of the fact that we are dealing with something nice here, if we can do that, then we will be fine.

I personally know wealthy people who do not have their own business and never had one. All their conscious lives they have been engaged only in the process of investing. They have made a huge profit on this, because they understood the essence and had the right approach to business. There is something to learn from such people. That is why sometimes I ask them for advice or recommendations. They are happy to talk about it. They like it. And when you approach business with enthusiasm, it brings joy.

You are right as a salary earner it is very important we invest our money in other to increase our finance, if you don't invest the money you are receiving every month or weekly then you are at risk, I know of a musician who was making a lot of money when he was still singling good music in his prime but with all the money he was making he was not investing it and when he stopped making those money like before he started falling and that was how he became poor some of his colleague at that time who invested there money very well are still very rich till date, I also know of a movie star who was acting a lot of movies and making a lot of money but because he didn't invest his money well his now poor and some of his colleagues that invested there money are still very rich till date, so investing your money is very good because if you don't invest your money you can become poor at anytime so to be safe you need to invest your money, like you said is not compulsory to invest your money but just know that not investing your money is a big risk.
So I'm advising that everyone should invest there money to avoid being poor in the future.

There is no such thing as "you not being a business owner then not being able to own assets". People from other professions can also own good assets without being a business owner, but in this case, that person must have a proper financial plan for income, expenses and savings. Moreover, he can do freelancing as an additional source of income in addition to his job, Also, by making a long-term plan, you can benefit by investing in Bitcoin through DCA and for this If you are not a business owner, there is no problem, you can continue to earn freelancing along with your job, because there is no possibility of loss in it, and invest with your job and freelancing, like a business, and investing in Bitcoin through DCA, these can give you a lot of good things in the future.

It's definitely true that people on salaries often do not know how to invest their money properly and end up spending instead. I know countless people dropping a large chunk of their salary on to things like car payments, which is a depreciating asset. They'll also spend extravagantly with little even going into savings. It is possible to grow a degree of financial freedom with responsible spending and learning a little bit about investing, but it will grow much faster than savings accounts. Lots of people I've found simply don't have the determination or persistence to pull it off.

Of course, everyone must have good financial planning so that they do not experience financial problems later and for some people who only rely on their salary from their job, of course it will be difficult to be able to have many assets because everyone who only has one source of income will of course only be enough for their needs.

If you plan to invest in Bitcoin, then you must be able to manage your salary well and also do not invest beyond your capabilities so that it is difficult to maintain the asset in the long term, but you must first meet all your needs and it is also important to have savings for emergency needs that you yourself cannot know for sure what you need, so it is very important before choosing to maintain your assets in the long term, you must first make your financial planning well, do not have to take back the assets that you have invested in any circumstances, it could harm yourself.

It is a mistake when they already have a salary but do not set aside any of it to save, to pay an installment such as a car installment or others such as paying monthly bills is a normal thing, besides that some people who have a salary sometimes only have enough salary to meet their needs so there is no money at all that they save or invest.

Not everyone has to invest because everyone's income is different, some do have a salary that is enough to meet their needs and enough to save it, I myself do not invest but I force myself to save. Maybe someday I will invest when I understand it well.

First of all we have to know the amount of salary that people get at work so that we can make assumptions about the problem and usually the salaries of workers for different countries have different amounts.
Second find out about the cost of living in a country so that by relying on salary is it enough to meet their life and after that see the opportunities to achieve wealth by relying on salary.

Generally if you want to get wealth then someone must build a business, investment or other ways because relying on money from salary will definitely not be enough.
If you want to get wealth then having a business is an obligation or maybe you can also rely on more potential investments.

It depends on your mindset because saving is a habit like anything else, if you can't afford to save a lot, start small, then when your salary grows try to save more. Those who decide not to save anything will one day be out of work and if they don't start receiving a pension by that time, they risk being left without a source of income, and what should they do then? You can't start a business or start investing without start-up capital, and if you don't save, savings won't appear on their own.

Definitely someone can become rich without owning a business, you can just be a share holder in one this big companies, just fund your money to the company for them to use it to run there business doing this process your money is the one working for you not you working for your money you just seat back I wait for your returns.

Must have money before can buy a share in any company of your choice. If you don't have money you can't buy any shares, unless you have an inherited property from your family, which you can sell to get the money. However, capital is very necessary in any business you want to do, the kind of capital you put in a business or investment will determine the profits you get. No capital no profits, and it's not appropriate to depend on someone or take a loan to do business or investment because you don't really know the outcome of the investment or business you want to put the borrowed money on. Although must take the risk to make more money but it's very necessary to risk what you can afford to lose. If you do not have and you borrow then lose the money, you will probably be in a big trouble.

What if the company goes bankrupt?
Because becoming a shareholder of a company is also a business because it is to be able to enjoy the benefits of the money we have used in it. Nowadays, business no longer has to be conventional because there are several new models that can be considered as businesses and they can also be quite convincing than conventional businesses that we often find on the side of the road. This means that everyone must be willing to work in order to become rich even though the methods they use are very different and they do not necessarily have to open their own company in order to do business.

Yes, the ebb and flow of business must also be studied more deeply before doing activities, if the company goes bankrupt then the capital will also be affected even though it is a risk from it. But I agree that if you want to gain wealth a little faster then you should become a businessman as much as possible. I have seen several examples in my environment that an employee will find it quite difficult to become rich compared to a businessman.

What I am thinking about right now is thinking about how to increase my income, I insist on doing this sometimes it makes my head hurt because I think too much about it. When my income increases of course I can save more of my money, because saving is one of the important things in life and saving is something that everyone definitely wants to do, even parents definitely teach their children to learn to save.

That is one of the true statements, when we don't save and quit our jobs it will make it difficult for us but if we previously had savings maybe there is a way to open a business, I myself save the main purpose is to anticipate unexpected events that can happen at any time, such as accidents, falling ill or others.

Now becoming a businessman is no longer difficult for everyone as long as they are able to bind trust with several parties or with several well-known companies even though they must also be funded with sufficient money. Because in the current conditions where the economic situation is not easy to predict, it has indeed forced everyone to be able to improve themselves in working so that everyone is no longer enough if they only rely on income by becoming an employee in an agency, including in government agencies where salaries vary greatly for each position.

Yes you are right, we conclude that investors where they do not need to have a company or business to get rich, by saving money every time you get paid you might get rich if the stocks you buy get a lot of increase, like if you bought bitcoin in 2013 and below, even restaurant waiters can still buy thousands of bitcoins at the time with their monthly salary, but whether it will be like that again or not in the instrument again we can't easily be that lucky and won't understand why and what will happen in the future, of course you can be rich but the chances are relatively small compared to an entrepreneur or business man.

Like hitting the jackpot in the casino? :D There is no way you could get wealthy without a business, whatever you do, if you make that much money, then it's a business. Even if you are just a sole trader, then your business is trading, there is no way of labeling business as something that has offices and secretaries and general managers and creative directors etc etc, sure that's a company, but that is not the only way business could be, we have many other ways.

A one man job could always be a business too, cleaning a house is a business too, making etsy shitty calendars are business models too, doesn't matter what you do, if you are making a ton of money from it, then you are making it from a business that you are doing.

In any case, they are part of a business or their business is investing in their skills that generate profits. Theoretically, the employee is also an investor on a small scale. It is true that their returns are in the form of monthly salaries or annual returns, but they can often be considered more profitable than some private investments. For example, an oil engineer in one of the major international companies achieves more returns than any business in the small business sector of any country. Achieving wealth does not depend only on launching private project initiatives. It can also include investing in individual skills and acquisitions.

If you are talking about making sacrifices while trying to grow a business, it is understandable but putting yourself in discomfort just to achieve some level of growth in your business is an idea i wouldn't want to buy. I mean why put yourself in a state of discomfort, you can cut your expenses in the course of enhancing your business. When you invest more in your business it will yield more profits for sure but it also depends on the kind of business you are dealing with because there are businesses you will want to expand and end up losing because as you are expanding your business, invariably the cost of the things you market may increase which can cause low patronage because you can lose some of your customers who buys things from you cheaper initially but since you expanded your business and increased the cost of your products, they may find it difficult to deal with, instead they will prefer where they can buy them cheaper.

You are right, there are some people whose salary is low and they can not take care of their expenses talkless of saving and opening a business, before thinking about opening another business you have to look at the life you are living if you can open a business and at the end, it will end up with good achievement, I know it is very good as a someone who is receiving a salary to open a business in other to make more money and have a better future but opening business deals with the plan and the way of living your life.

People with low life and low sources of income can never think of opening a business because they don't have any money to start the business unless they borrow money from people or take a loan, not everybody likes taking a loan to open a business because taking a loan to open a business doesn't end up well for some people, with the way things are going in some countries I will never blame those who receive a good salary and still don't open a business because it is not easy to live in some countries and survive with the expenses.

it depends on what you mean by Businessman no longer difficult. While ways into entering businesses have become easier due to more business ideas and models flourishing, it doesn't mean business is no longer difficult. The kind of investment you're talking about is only for people who have enough capitals. As a matter of fact, business has always been easy for people with enough capital even in the past, all you just have to do is to invest in a thriving business as a shareholder and invest your capitals into different businesses then wait to grow together with the business.

The thing is a lot of people still rely on the income they get from their workplaces which have further undermined their financial capacity and the poverty line at large. The government have equally contributed to this crisis as they do not find ways towards supporting small and medium level businesses disallowing people of such level from enjoying easy of doing business. For most countries in Africa, the government does not take up its responsibility to make business life easy for people rather the lack of basic amenities such as electricity have further made business worse for the people and faced out a lot who could not withstand the pressure.

When building a business, careful calculations are needed, first from the initial stage which requires a lot of costs, and that is the challenge that will be faced, such as discomfort that will often be felt because you have to cover the shortcomings at the beginning of the business,However, with the passage of time and the development of the business, being managed, all can be overcome, although patience is needed at the beginning when it is established.

What people don't understand when starting up a business is the fact that the capital in which the business is rise from show not reduce rather should increase people just go into business thinking every expenses should be placed on the business without a side hustle or another investment the business definitely will collapse we should start up a business in order to invest on the business for future purpose

A lot of entrepreneurs know they should reinvest their profits back into their business, but thats sometimes easier said than done.  Coming up with the cash can be tricky, especially when you gotta choose between upgrading your equipment or making the next loan payment.  And trying to live off ramen noodles so you can dump everything back into your company usually doesnt work forever. 

The idea of taking all your earnings and pumping them into your business sounds good in theory.  But the reality is, most owners need to strike a balance that works for their situation and  maybe you split it 50/50 and put half towards expansions or improvements and use the other half to pay yourself a salary.  Or you hold off on opening that second location until you've paid off some old debts first. 

Point is, every entrepreneurs path looks a little different.  What matters most is figuring out a smart money strategy that keeps your biz growing but doesnt leave you broke.

  Reinvention is important, but so is keeping the lights on!

first you must have enough money to buy shares of a company, then you will become a share holder in the big company,
if you are capable to buy a big company share then you are already rich because you can not buy a big company share with small fund.
without fund you can not make money in this way.

You just need to buy it slowly not always have to buy in large quantities but with the amount of your monthly money as long as it is consistent in several years and the company you buy has a high enough increase will definitely give you an extraordinary profit and can bring you a rich person Later on, if not stocks then you can do this by buying Bitcoin slowly not a few people who become more rich because of Bitcoin, if you do DCA in the present day in the next 2 years or 5 years, you might be a rich person in At the 2035 if the world system still has not changed and inflation continues to grow there is also no war that destroys the global economy will run with certainty.

This is a condition where someone feels they have enough, but if not, of course they will continue to work harder and this is not about our lifestyle, but the cycle that is maintained so that all needs can be covered properly without having debts or asking for loans from other people in the middle of the month or towards the end of the month before the monthly salary arrives.

Still, the company grows as well, which means that you may never own a lot to be considered a big partner, and that is why in most cases people prefer other investments. Of course if you are wealthy to begin with then you can buy a lot, but we are talking about people who buy a small piece over time.

You could be lucky too, like buy some shares of nvidia 10+ years ago, and keep doing that for a decade and then suddenly when the share prices go up this much thanks to developing technology, you may end up with a much better result, but that doesn't mean that it's a common method. In any case, I would still prefer bitcoin, that is a lot better for many people and I would suggest doing that over anything else right now.

If you only choose to be a consumer, you will be spending all you have for the benefit of others. Because buying of order peoples goods will only benefit the manufacturer or producer of that particular product. But if you are a producer, and you produce a quality product, people will also purchase your goods and services and it will be vice versa. As you are purchasing people's products they will also be purchasing your own, and the equation will be balance. Because both sides will be benefitting from each other. Doing a business doesn't guarantee riches, you need to work very hard to make your dreams come true.


Yeah, it is very possible for a salary earner to invest some of the salary they earned into something beneficial, but it will be very difficult to do so. Must expecially when the person depend only on the salary as the source of income and has a lot of responsibilities to take care of. There is no way you will be wealthy without do something profitable.

In economics if you want to be a rich or a wealthy man, you must do business. And you can't be a wealthy man with a salary. Even the richest politician is not as wealthy as the businessman. And the 3 quadrants in the income world. Which are J=job for those who are earning salaries. B= is for business which also divided into 2. Self-employ and investment. And among the two investment is the highest. Those who are investing make more money than the businessmen and the self-employed.

Being a producer in this context isn't just about owning a business or having a company for services but it's about doing something that the world can't resist from and consuming your information or product every now and then hence success will be achieved. working hard doesn't guarantee anyone to be successful, if it does I know people who would merit success big time but then it's about being smart and putting what you have into what will bring more and the profit into another thing which will bring more profit that's how it works and perhaps we are here in a bitcoin community and we all believe in the future of bitcoin so puting some stash into bitcoin might help you in the nearest future.

Sometimes it's not about the salary they earn that's the issue; it's what the salary is used for.

This economy's expenses are more than the earnings. And for this to be balanced in one way or the other, there will be a discomfort, either in the management of the salary or putting more effort into work over time to get extra for your savings.
One work isn't enough for a single person, then a family man.

In as much as it's challenging, it's also very possible because I have seen people who are doing well as salary earners too.
To be rich as a salary earner, all it requires is basic financial smartness and management. That's why we have companies that help give financial advice and plan with you how to use your salary.

Save and invest in real estate jobs and take your savings more seriously to start a business.

In as much as the money is going out, there should be something bring it in too.
Invest in the people around That Consume Your funds to reduce spending more over the years to come. Learn a skill the society needs 24/7.

In one way or the other, funds are not meant to come from just one root.

It's very clear that money does not make money, before you makes money you most put  effort to multiply, the failure of a business man or woman is when it fails to put its money into good direction, so before someone put a money to the place it will yield another one, is when know your business very well is when you will know how to direct their business, but when you don't know business you will end up of doing what that will not yield positive for you.

That means they spend more money than they earn which will make a difference to the level of financial stability they have. Most people spend too much money in unproductive places so spending money in such a way will make a step that will make a difference and that is why rich people do not waste money on something that is not so important except to grow their business to be more developed.

When will people spend money in unproductive places when they have achieved better wealth so that once in a while they will buy luxury goods just to fulfill their desires after getting great achievements from the success of the business or investment they run and it will not affect their finances anymore.

In essence, whatever it is if we do it ten years ago you want to take Nvidia or in Bitcoin with your monthly salary money will certainly get extraordinary benefits, especially if you do it in Bitcoin it will change our entire life.

The main thing if you want to build wealth without having a business so we have to invest regularly for the long term because that is proven to be reliable to have wealth, it's up to what instruments you enter in a long period of time, gold and also the land is also a belle At present, although still Bitcoin is number 1.

Well in my own opinion I think wealth without a business is absolutely nothing, anyone who is wealthy and have refused not to invest in something. It means that he doesn't have a plan in his future, and i will possibly say that the person does not know what he's actually doing, and before he will realize himself I think it will be very late by then.

Though there are some wealthy people who have choose not to invest in anything, not that they don't have the idea or the knowledge to do that. Probably they can just decide not to invest in anything, reason best known to them.  sometimes it might be that they don't have someone who will take care of those business when they're no where to be found. You know this is also a very good reason, this is why sometimes I don't blame most of  this  wealthy people who choose not to invest in anything.

This is obviously a good take mate,fair enough for investment decisions and options.But alas,it's not everyone that has the same mentality as you do.The whole sense of making more money from investment and having two or more jobs does not work for everyone and only few people are willing to take the risks of investments.

One thing that you should be aware is that wealth is a product of a business empire that has been built over time so there is no way that one can accumulate wealth without having a source of it and the only way you can do that is through setting up of a business this business can take any form either as investments in any sector of your choice but it is impossible to acquire wealth without something that will be bringing in steady income and by steady income I don't mean your salary that you receive in a month

Salary is not what creates wealth because with the current economic situation of the world and the high inflation rate that we are experiencing salary is not what you should bank on to make you wealthy because it's not going to be possible the highest you can do with your salary is saving and saving too can't create wealth but it only helps you to save money you can use in solving problems or in embarking in a project

A wealthy man without a business will end up being poor eventually if he doesn't put his wealth in good use to earn good returns, you mustn't necessarily have to own a business of your own to remain wealthy. You could invest in real estate or other assets that can provide a steady stream of income that will help your wealth grow over time, being wealthy should be about having money work for you, if you're not getting good returns of your wealth it will only take a matter of time before it dwindles.  

It depends on your kind of work, some salary earner are very skilled personnels and they earn very high to be considered rich, for example, some tech experts earn as high as $300000 per annum. They can be considered as rich right?

Furthermore, it's not compulsory to own your own business, you can invest into an already running business as long as you're convinced that your on the right track in your investment. Personally, I don't like starting a business from scratch because of it's requirements and my limited availability, so I prefer scouting for good businesses around and becoming a shareholder in it. It's a win win situation after all.

Without proper planning and proper management, wealth can never be maintained. Money has to be invested in the right places, so that your invested money returns 3X-4X. There are many good places for investment, you should invest in the right place according to your situation. You have to invest in different places, so that a "long-term good wealth" is guaranteed and along with that, some kind of passive income has to be arranged. In short, you have to manage your wealth properly, only then will there be more success.

Wealth without business is a tragedy because 1+1=2, if you are wealthy and everyday you take some money out from the money you kept without replacing or adding is a minus because 2-1=1 but if you are wealthy and you add business into it, you start doubling up your wealth , because 1+1=2 because the business is adding to the to the wealth you already have. Acquiring wealth is good but to be on a safer side invest in one business.

Countries matters, salaries varies too, if you depend on salary in my country you won't be able to invest money aside because the salary is already very small, almost worthless, but in the U.S they pay them better money and if you can work extra you can speed things up too.

In my own world health is wealth, I am envy of those monks in the temple than those millionaires living in a skycrapper or mansions, many people have no idea how good it is to have a peace of mind, while running after how to be the next millionaire they wasted their time away.

They won't know it now because there are things that are more important than running after becoming a millionaire, having my family is me been wealthy, we are happy genuinely, this is what keeps me going,

Money is expected to be used for an investment, once we have invested and done doing this, then we go later after using little part of it we earn to enjoy ourself and also do other things we ought to have done, we should not spend from our investment fund, instead, when we make profits, we should only spend little part of it and use the remaining to reinvest, because we are saving ourself form any further future challenge when we are investing then spending it.

Wealth without a business is not quite possible because most company owners pays their workers barely enough for them to survive so that they can dedicate their lives to serving them and never have enough to establish themselves. But there are some management positions where a few workers that are in decision making positions will earn enough for them to become wealthy. Having said this i believe that being rich or wealthy depends on somebody's environment, workers that are in an area where there are many people people can consider themselves wealthy in such environment. But if that same people goes to another area where rich people lives they might consider themselves poor. One thing is certain if you depend on only one source of income and your lifestyle is at that level it will be difficult to break out of that level.

Depending on one job is quite difficult to establish tangible riches particularly when the greater portion of the revenue would have to be paid on the fundamental requirements of a living. Another significant role involves environment since what is perceived as a rich environment in one area can be normal in another. I believe in that one should have several sources of earning or invest in an opportunity that can increase. Then, you are not able to receive money only as the exchange of a piece of time you spent working and you can become finically independent gradually rather than stay at the same level of revenue no matter how much effort you devote to work.

It all depends on what we mean by wealth. The concept of this word will differ in different countries. If in high-income countries $1 million will be considered wealth, then in poor countries even $100k will be enough for the status of rich.

Of course, otherwise where would the wealth of company owners and top managers come from? For someone to become richer, someone needs to become a little poorer. :)

You can move to another country. A poorer one. For example, by working remotely, which will allow you to be "rich" against the background of local salaries.

The more sources of income, the more of your time these sources will "require you to spend". There are only 24 hours in a day and, no matter how hard you try, you won't be able to pay attention to multiple sources of income. Therefore, you will have to resort to the most effective tactics - hiring employees whom you will underpay, as your managers do with you.

Instead of "chasing" multiple sources of income, you can become a highly specialized specialist in a certain niche that is highly paid. But this is a rather difficult and lengthy path.

Expanding a business is not that easy even if the business is running successfully and generates profit, there are lot of reasons but the important ones are that expanding will need more new employee, need more management so they need to sell more what they do and it has to be in proportion as before to stay profitable. Also even if we claim unemployment is real but people with real skills are in high demand and finding them at decent salary is close to impossible so they just stick with what they do and make profits it's better than expanding and goes bankrupt after a while.

The idea of investing is to make ourselves profitable and use it for however we can and for anything that we want to. But if the purpose is to stick on it for the long run, we have to make sure that money and fund that we've got shouldn't be recklessly spent. This is why some businessmen have gone in the business for having out of funds due to their reckless spending. And if you are the type of guy that came from nothing and you want to build wealth through your momentum in owning a business. This is your time and that's how you wise up with the money you get from it.

To do business, you need money. You have to be patient and spend money. To do business or any job, you need investment first. If you earn some money not just weekly but monthly, you can spend it in business. I disagree with some of your words. Where they understand, but their expenses are more than what they earn. Due to which they cannot earn. However, to say that mistakes are made, humans make mistakes. Only humans are wrong. Because humans have conscience, one person can catch the mistakes of another. Since animals and birds do not have conscience, they have no mistakes, so people need to be given a chance.

Profitability is the key but you will not always be able to stay with profitable projects if you are not in a long-term investment. Most projects will continue to drain your invested money and you will be forced to sell it at a loss. Long term investment does not guarantee that it will be profitable but proper consideration and planning can help you improve your investment outlook and you can learn to make wise decisions about which projects are right for you and which are not.

Even if you have an investment idea, you should focus on holding on to it for a while to increase the amount of profit rather than making a profit. That is why long term accumulation projects have a much higher chance of giving you high profits. People who start from scratch are more likely to behave properly with the capital invested and the profit from it because they have gained a lot of experience with in losses.

I learnt from some business Moguls that you need to invest back to the business, it could from a 50% range upward but it's needed to invest back to the business that way you give room for more growths and when need be you can still fall back to it . So in handling a business this should be considered that way you can take your business to the next level but a business owner without investment is empty.

Those with good money management skills will be able to do this, but those with poor money management skills may not be able to do so because they tend to spend their money on things they want, which are usually only temporary and sometimes unprofitable in the short or long term.
Owning a business is a benefit. As long as we can manage it well, it will run smoothly and profitably. Personally, if I already have a business that's running well, the next step I'll take is investing.

Building a business isn't easy, and once it's up and running, maintaining it profitable and growing is also challenging. You're right that it requires skills to sustain business growth. Many people fail in business because they lack proper skills and management skills.

I've seen people I know inherit family businesses that go bankrupt because the heirs couldn't manage them well, and they even fail because they placed their trust in someone else. Yes, those people don't want the hassle of managing the business, so they let someone else handle it, and then they get scammed, which leads to bankruptcy.

Is it business is an investment as well? You invest in an idea that might gain you profit, which is why you put a lot of effort and money into it. Business is not always be tangible, it might be services or consultation, it is just a matter of how it will work.

Lucky for those people who inherited a business from their parents or grandparents, as they won't be starting from scratch, they are just continuing their family legacy but if not properly managed it could be their downfall.

Money management is one of the most crucial elements of achieving our goals because it's essential for implementing our financial plans. If we don't manage our money effectively, we waste our resources. Good money management leads to better resources.

Starting a business requires attention to every detail, as capital loss can lead to even greater problems. Planning and money management are what enable many businesses to operate successfully. Risk exists in every market, but minimizing it is crucial.

I have seen people in my family ruining the profitable business they inherited from their forefathers. It's mainly because the new generation think that a running business will keep running on it's own and no more require any further effort. Result is loss in business that further lead to it's closure. It's a blessing that you got a running business from your forefathers but it still require your proper time for smooth running. Everyone see profit coming from business but their is lots of effort behind that profit.     

In any investment or business we are doing is because we want to be profitable in it. But if we can't manage it and acquire more knowledge and get experience about it we will always failed to achieve our goals. They have many people outside there doing business but still they are struggling to succeed because they don't really know what customers need most, and some don't really have the skills and just trying to be profitable and that can be possible when you don't have experience on the business you are doing, you will always find it difficult to succeed. That is why not everyone always succeed on business or investment, because is not always easy to build a steady business that will make you rich quickly. You need to face alot of challenges before you reach your target. Some people that are running business have be successful, but they don't really have idea for what they will do next. By getting profits in business the next step is to invest and that will bring you huge profit if you invested it on a better project.

Getting money is one thing but growing that money to multiply it is another, we must also accept that entrepreneurship is not for everyone because money demands a certain level of discipline which many don't have even if they had the blueprint can't apply it due to so many commitments and people not being ready to sacrifice and want to 100% rely on the salary from their day job for everything...

Otherwise wealth without a business does exist, can be inherited or won from gambling etc..

Well I can only say that not everyone can do business and it is a big responsibility, a big skill and more difficult that to do a 9 to 5 job. I don't know why every job holder scold himself and thinks that if he has the investment, he could do the business and be a more successful person. This is not like that and every person is made differently with a different set of skills.

We only see one side of the story, which is the successful business stories. How often have we heard about someone who started a business and lost all their money? Those are not being brought to the surface  :(

if the business you are doing is yielding some good returns, it is just natural that you invest back into it so you can get more returns from it. it takes mony to earn mormoney and that is the brain behind the sucess of most business. some will try to diversify their profit into some other business so hey do not keep all their eggs in one basket but then, there is still a level of risk in such a methord because chances are high that the new business you are considering might not do too well. concentrating on a business you have seen to be yielding you good profit is one good way of creating wealth.

it is same reason why we always advice that if you are investing in bitcoin, just stay invested in it and do not try to diversify into things you are not sure of it returns in he next couple of years to come. by being all soaked into bitcoin and adding more and more to your bitcoin stack, you are going to easily create good wealth that will stand the test of time for yourself.

Only a few fortunate people receive an inheritance from their parents, and the same goes for gambling, moreover, the wealth they gain may not necessarily last long. I share the same perception that anyone can earn money and become wealthy at some point, but growing that wealth so that it can be enjoyed by the next generation is not an easy task.

On the other hand, I think that currently, the best way to grow your wealth is through investing, rather than building a business that requires a lot of hard work and discipline. For example, if you have a steady income, simply adopting Bitcoin or investing regularly every month, that will yield long term benefits. Of course there are many other options, what is clear is that you can live for free without having to work hard in the future if you know how money works.

This is because, as it is structurally simple to make the money, but the difficulty is how to preserve it and experience a long run growth. True, some individuals can become rich in easy ways such as inheritance and gambling but is it long lasting? Much of that is determined by our smarts in managing and developing it. Investing is one of the more effective means through which one can develop long-term prosperity. Beginning a business can be tremendously exciting, but can cost a big time, energy and risk. As an investment strategy is more flexible and this can be done with smaller capital especially when we buy low and sell high, as in Bitcoin or other financial assets.

It is not a shortcut to become extremely wealthy, yet with dedication and a solid knowledge of the investing process, we are able to reap great rewards in the long-run. When we invest we will not only have increased wealth but are also able to create a system that enables us to live freely in future without depending on hard labor. As such, to guarantee the growth of wealth we acquire we must have a clear strategy of investment.

I think a salaried person can also become rich if he can manage his money properly and invest it. Business is a means of income but business is not the only way to become rich. A salaried person can also become rich but first he has to control his expenses and budget. Keep track of how much he is spending, reduce unnecessary expenses. Save after getting salary and build an emergency fund. Apart from a job, he can increase his income through freelancing or investment. Getting rich depends not on income but on behavior.

Yes, it's true that inheriting a family business is a privilege not everyone has. Unfortunately, many people waste it because they don't manage it well. They'll undoubtedly regret it when they go bankrupt, and rebuilding it isn't easy either.

So, I recommend that anyone who inherits a business learn from it now before becoming the sole owner. Don't wait too long, which could ultimately lead to bankruptcy. It's true that sometimes there are thoughts in our minds that we should be able to eliminate, such as the business will always run smoothly, and so on.

You are right in saying that there are some people who have lost their hard-earned money even after investing it only because of their mistakes. So before investing, you should first have a stable income system. If we invest according to the right plan, then it is definitely possible to get something better from it. But if you want to get something good, you should not be impatient, if you invest patiently, it will definitely bring good results.