Bitcoin Forum

5 things you should not do with your money to get rich or advance your lives

1. Don't spend without a plan

      - Many people don't care or just don't care about spending. They don't care if they have extra money or if they have money left over until
      the end of the month. Then they will complain that they don't have any more money because they have no idea how and where they are
      spending it. And how many times have you gone shopping or grocery shopping without a list, which ended up costing you more because
      you didn't have a plan?
         Because if you want to save something or have some money, you should keep having plans when it comes to what you buy.

2. Don't brag about having a lot of money

     - This is correct because it is your money where you can do whatever you want to do with your money. But whether we admit it or not,
        being arrogant is also the reason for handling or mishandling our money.

              "2 things when you have a lot of money"

                      a. You make a new friend.
                      b. You have a close relative.

       - What do these two mean? When people know you have a lot of money, you are usually the one they turn to when it comes to financial matters such as borrowing, asking for help, and freeing up where you are always the best so on and so forth. But after all, there is nothing wrong if you are not forced and it springs from your will. In short, there is nothing wrong with helping, lending, or freeing.
It's just that others who approach become abusive because it's not their own money and they don't care about the money you spend or use, Because they think it's okay not to pay you. After all, you have a lot of money based on their thinking, this is a reality that is happening in our time today. But they don't know that you were forced to do that and they don't know how hard you worked for it before you got it. Then in the end you will realize that the money you lent just went to nothing and just went to useless things or vices. There are also people to whom you give money who don't care about you, what is your current situation, or something else. Because these people only think about themselves and their interests.

But you don't need to be greedy or selfish, as long as you always reach for a spring inside and from the heart so that it is not heavy on your will. And it doesn't hurt to be simple all the time. Also, you don't need to flaunt or show people that you have a lot of money because successful businessmen don't show off piles of money, they are just simple people with heavy pockets.

3. Don't always buy something that loses value

      - One of the major problems with what we spend over time is losing value or depreciating. Like you bought a phone or a car last year, but
      I'm not saying that it's not a necessity, I don't mean it like that of course. What I want to convey is that you don't always have to keep up
      with the trend, just because there is a new I phone that comes out, you will also buy such gadgets even if they are very expensive and it
      will be a bit difficult to buy it, but it turns out that you are just forcing your own so you can keep up with the trend.
      It's the same with the car because you'll need a down payment there, gas costs, maintenance, and other things that will be needed here
      because if you don't do it, you'll surely sell it at a low value.

4. Don't waste money on useless things

      - Like most of us, there are still many addicted to spending on useless things. One of the good examples of this is that others may be
      inclined to go with friends who only do happenings and you keep up with your troops knowing that they have a lot of money unlike you or
      us which is not like that. Just like buying a high brand of coffee to drink in coffee shops just to be able to socialize and have a big time,
      you might not lose or die if you reduce the time you buy this kind of expensive coffee brand. Because you know that your budget is also
      hurting your pocket. And we know that there is also one that is cheaper and it's the same coffee, so let's just be practical for now. And
      there are many other things that we can reduce the things that we spend money on for nothing.

5. Don't invest suddenly

     - In my experience, I have also participated in this type of investment without thinking immediately or doing research because I was just
     carried away by the hype. It's just like the "Get rich quick" where your 1k$ will turn into 10k$ after 3 days, things like that. Just like before
     the rise of cryptocurrency projects, there were a lot of them but in the end, they turned out to be scams, but I don't blame them all
     because there are legit crypto projects and there are others that are just scams or shitcoins, this is just an example.

     But I'm not saying that you shouldn't invest in crypto, I think we shouldn't make a hasty decision so that our capital doesn't go to waste.

 Money is hard to get but a lot easy to spend, and this becomes bad if there's no laid out plan of how much one aims to spend. There's a part the op mentioned which is quite true of money; it has the tendency to get you a new friend or a close relative as of course, you're valuable when you have something to offer.

 Applying frugality in spending helps to curb unnecessary waste and helps save money as spending unnecessarily would quickly run one into a lifestyle of dependency and debt.

Are you rich?
I think what you say is not fundamental in managing finances. and what you say is universal because it doesn't give any specific formulation.
1. Everyone has a plan whenever they spend money even a few minutes before.
2. Basically humans have to be simple but sometimes we have to be arrogant to keep the financial principles we hold.
 3. I think we should follow the trend but not always even though the value will be lost but if it is a must in running our business why don't we buy it? where everyone has an android phone yes, we only use landlines and how can we accelerate our business expansion if we are still using vehicles from the 90s?
4. If indeed the goal is to build relationships with those who have a lot of money so that we know the business they run and we can study, eat and drink coffee in places that are quite draining on our wallets, it doesn't matter if the goal is to expand relationships and strengthen connections for development ourselves and our business.
5. Maybe you mean FOMO where everyone buys because a lot of people talk about it and buy it. is a natural thing when we start to dive into the world of investment, but after a long time I think it is necessary to understand what is called risk management from various aspects.

Sometimes we have to buy useless things or invest money in unproductive actions. This is necessary but not mandatory. Getting rich is not about how you spend your money it's about how you manage your funds. What you are talking about is some advice that you should not do if you are rich.

For managing funds, you need to have basic economic knowledge. You have to understand the difference between assets and liabilities. I can assure you that 80%of  people do not know the difference between assets and liabilities so they invest their money into liabilities by thinking that they are investing in assets. You can spend your money on whatever shit you want or for any pleasure you may like. But spending your assets to do that will be unwise. I want to go on vacation not by selling my bitcoin, gold, or land. I would do that with the profits I made from my investment. One thing I always keep in minds is that "Assets can only be sold to buy new assets". That's how our investment will circulate from one asset to another and increase in size.

Making plans or spending money without a budget can be very bad for your money. The rich are very meticulous with money. One of the wisest things I have heard about money discipline to get rich is also not to spend money before it comes. That is, as much as possible, you should avoid borrowing money to buy things or buy something with the promise to pay later.

In my PoV,

1 - Never do impulsive purchases
2-  Never purchase something which you can't afford
3 - Never be greedy or foolish

Investing is the only way to grow your money. It has to be through banks or renowned financial institutes who offer short and long term investment opportunities.
For example, banks will offer schemes which can be from simple FD to 5 year % growth plan associated with loans which can save up to 10-15% flat on the taxes yearly.

Well it may sound crazy but there are such financial advices for the rich people who wants to stay rich!
And it is also for those who want to become rich.

The more you invest the more you get back.

Money has to be free flowing and always locked up in growing schemes.

Good summary of things we should avoid doing with our money. I wouldn't go so far to say  that these are the main reason that we are not becoming rich, because even when we follow all points it's not guaranteed that we will become rich one day. To be rich is very hard to achieve and it requires a lot of luck in my opinion. Having a well paid job is a good start, and even then it's going to take a long time. I like your 4. Point the most:


Saving money and controlling our spending habits is  good way to get our personal finances in order. I learned this myself the hard way. It happened so often in the past that I see something on TV and wanted to have it myself immediately, only to find out after a month that I didn't really need it in the first place. That's why I wait now 3 months before buying everything bigger, and if I survive the 3 months without much hassle than I don't really need it and will not make the purchase.

All the five points OP has just discussed are very vital points that can help anyone to be prudent financially. But these points are not necessarily the ways to become rich. Riches can be acquired when one identifies and maximize opportunities that are available from time to time. The point that was raised by the author would assist anyone to use the resources at our disposal in a manner that reduces unnecessary expenses. Some people are in debt not because they don't have access to enough resources but because they are spending more on their wants instead of basic needs.

I can add another one, spend time with successful people so that you can learn from them. Do not do exactly what they do, because they have disposable income and that means they can take more risk than you can, but you can learn the mindset of a rich person.

I know many many rich people who do not have a higher spending monthly than I do, they live a very comfortable life while doing it, but they do not really end up spending a lot at all times. Even Elon Musk doesn't spend "that" much money on regular life, that's what we should aim at. If you do not spend more than 5k per month (which is a lot I know) as a billionaire, then we can spend less as regular people, do not aim at "things", aim at success and spend your money for that.

It’s not bad to spend sometimes especially if you know it would be useful to you but in most cases, learn to spend mostly on your budget so you will never be financially broken in the end. Although there are times you get influenced with your friends to spend on luxury things like they do, that’s fine as long as you never adopt it and you stay low key and frugal in all your expenses. That way, you will get to save and earn more especially if you insert doing some good and profitable investments like crypto do.

I doubt even if you do these 5 things religiously you will still get rich  ;D Richness doesn't come with excessive strictness, it comes with being smart and having the right opportunity.

1. Don't spend without a plan - as much as people want to live by their budget it is not that easy because of the unexpected issues that will come that will require spending money that you didn't plan for.

2. Don't brag about having a lot of money - this is kind of both side imo, some people brag about their wealth and keeps making money, while others brag and find themselves in a tight situation, so I don't think this directly affect you from being rich.

3. Don't always buy something that loses value - I have different views on this, except you want to only buy branded and designer items I don't know what else you will be buying that will always have value. Any other item you will buy that is not a designer with a name tag will definitely lose value because it becomes a used item and the value will not be as that of new.

4. Don't waste money on useless things - only when you don't have the money you will see it as useless, if you do your views will be different. E.g some people will perceive going to a club and having a great time with friends useless way of spending money, while others will see it as a very important aspect of their life, likewise, someone will see buying a vintage bottle of wine for $300 (for example) wastage of money, someone else sees the important because of the value attached to it.

5. Don't invest suddenly - I do agree but do not waste too much time waiting for a divine sign before investing because then it will be too late.  :D

Nope, I don't agree with all these 5 things that one should do to become rich.

For the first, third, and fourth things that you've listed there doesn't really make you rich if you do it. It's not always a matter of saving but rather being able to find ways to earn more is much more important to focus on. If you can afford it then you should buy it and if ever you can't then try to find ways for you to do so. Having much more income coming in rather than just saving and being able to buy things that you want is better.

For the second as well as the fifth thing, it depends. Yes, you should not flaunt your money publicly however having publicity being known for having enough funds would likely provide you more clients as well as potential partners. Also, time is important in most investment and you should not always wait too much before investing, sometimes it is much more profitable if you will be able to invest early.

You can not control your fate. Sometimes we get into situations when we have to think out of our budget. Most people spend their money thinking about a few months ahead of them. They are still broke financially. It is not overspending or carelessness about our money that makes people broke financially. It is a lack of economical knowledge. If you do not know how to manage your money then hire a professional for that. Never keep your money ideal in the bank or in your home. Always reinvest in different assets. That's the way of getting out of the rate race.

My list of things one should do to get rich

1. Don't borrow to spend, try to limit your spending within your earnings.
2. Don't expect getting rich in the short term, getting rich is long process. Few might be lucky.
3. Spend on luxury investment (car, mansion etc) after making yourself rich.
4. Allocate specific percentage from the earning for investment & savings.
5. Make a spending chart which will let you identify the mistakes happening on your process.

And this hit me hard. I am the consumer who does a grocery without a list and doesn't care if it will go over the budget as I think it is only once a month, and I end up buying irrelevant things. Last month hit us hard since we overspent on things, and we had to borrow money from others which is a very big lesson learned. This month I will practice making a list before going to the store. In addition to your list, spending money on alcoholic drinks and cigarettes could impact your budget; if you can stop or minimize it, that would be better.

- Like you Sir, I was also struck by what OP said about going grocery shopping without a list, there is some truth in what he said that I often end up buying things I didn't plan when I go to the grocery store, and my wife often fights and scolds me for not it's necessary, I just buy it, as long as it's in my mind because it will be needed unexpectedly but eventually it won't be used and it's just stored.

So thanks for OP's reminder on that, knowing that most of us here on this forum experience something like that, maybe I should start training myself to carry a list so I can maximize grocery shopping.

Sad to say but been there done that,
And experience is really the best teacher I would make sure to avoid those things again in the future.
This post kind a hit me hard hope that I've read this a couple of years before maybe this could have change me somehow.

sometimes what we don't realize is that we buy goods not based on needs but desires, so there will be a lot of additional expenses that are not really needed. sometimes we find it difficult to control it because of wrong thinking without any control. The need for cigarettes in a month is indeed quite large, if we can control it then cigarette money can be more useful at least we can invest from that part, and it will be useful in the future

This happens due to the prestige that has surrounded us and this is one of the characteristics of humans that is actually difficult to change because we are always trying to appear better and more prominent than others.
Even though it's not all like that but things like this still happen for most people, it's definitely experienced this.
I personally try to buy something based on function not based on prestige because this indirectly can also train us to be able to manage finances.

I agree with this point but then in the world we live in were it is an in-group vs out-group thing. Most people who do not jump in on trends tend to be looked at as old-fashion or rather they end up being shamed for not joining the trend. In my country this is particularly the case with iPhone users  vs Andriod users. So the result is that you have a lot of broke people who may be struggling to feed using the latest iPhone just because they want to join the trend. It will be really difficult for these folks to get rich or stay rich.

If someone needs to read that list to get their financial advice, they were never going to get rich in the first place. It might help stop them from becoming poor lol but that's about it.

Investment helps and don't forget to diversify our investment.
Do not oppress the poor with whatever you have
Five back to the society in your little way.
Investment in stocks, Bitcoin, Real Estate and something that daily gives you profit. Don't be the type that spends 50 after you make 50
Spend 5 after you make 50, you can also save 5 after you make 5

Spending without a plan is like wasting your hard earned money in unnecessary things. You will never know they’re gone until you get there. The reason why a lot of responsible people do spend following their plan and spending within their budget. Otherwise, you will end up having financial breakdown just because you have spend more than your available money and might even get you in unexpected debt.

Somehow, this is often done by people, when they have a lot of money, they want to tell others. One of the goals is for them to be recognized so that others are not demeaning, and so that they receive the respect they deserve. It is undeniable that in our current society, money can be said to be very influential in any way. It's not fair but it's the fact. The fact that people will put more honor on those who have more money. sad.

Investing in whatever the term will need certain knowledge and ability. For some people who are new to investment, they must understand at first what they are investing in. Wasting money on a fake investment will only make a bad result, moreover if deceived by the scammers, they will only lose money. That is why, every time you are going to invest, although you have much money, aways understand what you are going to invest and take a smart decision for investment.

The OP makes some important points but I think what he doesn't realize is that being rich and saving money are not actually the same thing.
To be anyone can be rich he/she has to know his/her capacity, potential, and natural gift, find a problem in the space he/she specialized in, and fix the problem while he/she makes money through it.
These are the things all the Billionaires we see today did.
To prevent money wasting and increase saving ones need to be disciplined, skip some luxury life, and limit or quit ^{(alcohol, smoking, gambling, and drugs)} which are the most money waster in history.

The theories for getting rich are of course very many and varied, but the thing we must believe is that wealth is destiny, if we use 24/7 without sleep for work or business it will not guarantee that we can be rich, the proof is that many people fail in school but can have a big business, or vice versa, that is a smart person with a high IQ but poor and over 50 years old but still renting a house.

1. Many crypto enthusiasts borrow money if they don't want to sell their valuable cryptos and they can also use their borrowed money to buy more cryptos. Borrowing money only becomes bad if you spend it in things which are not really that beneficial.

2. Those who got lucky and got rich in a short period of time do also take more risk like they burned more money in gambling in casinos or investing in shitcoins. This is not advisable as it isn't guaranteed and it will only make you more poor if you didn't get lucky.

3. I don't see anything wrong with it. You deserve your wealth anyway so why not treat yourself something better? Just don't overspend and then slack off. You still need to grind so that your wealth won't run out.

4. This is correct and can go with number 3.

5. This is also correct. It's important to track everything that we spend.

what i noticed from your write-ups' is that we shouldn't live a competitive.
concurrently most of us generally have been living a competitive live trying to please people we don't know or have came across with makes us showing up anyone who can look beyond this things can actually became successful in life. Certainly the secret of success is giving and any body who don't like giving or give to the charity doesn't make an open door to himself rather than tightening his success.

There is something you can't avoid whenever you became successful in life
Which is new friends and relatives, its then they will would show up to you and even though you tried to avoid them they will keep coming, although these things listed are absolutely correct.

Riches don't come so easily it comes with lots of planning and working hard to obtain any level you could want in life many people don't get prepared for riches they have missed lot of opportunities in life due to they aren't ready to become successful in life, why? there are people who could only get rich with just a thousand dollar while those that are not prepared could spent Hundreds of thousands yet no made no income or impact in their lives. Always the lazy ones gives excuses of nothing well prepared or not having enough funds to start up something good for their selves.

4. Don't waste money on useless things

This would be the key.When you do have the money then its better not to consider yourself on buying off things which doesnt give out any relevance or cant be used.
For sometime there are things which we do wish for and its not bad on buying that but of course which everything should be on moderation.

Focus on buying things which would really be beneficial or something that could make you more productive and something that could be used.
Just simply have that control on buying things and avoid on those useless ones so that you wont be basically wasting your time.

About bragging money, it's becoming common these days to be showy to the public that you've got a lot of money. But usually, when someone does that, they're most likely broke.

The real rich folks don't share that they've got a lot of money and what they're sharing are their words of wisdom. Bragging comes with responsibility and it may be the reason for your harm.

Just spend money wisely and don't be like a one-day millionaire.

You are right which you would really be having questions on mind on how the heck these people do really brag out that they have lots of money in public which is really a safety hazard.
You are really putting yourself in harm.Real rich people wont really be having that kind of behavior but rather then would really be just keeping silent and would continue
on what they are doing and accumulate as much as they could without the need of bragging out because they do know that it could really put them on harm on doing so.
Getting rich doesnt really able to get overnight.It is something that you would need to work hard and be wise on every decisions you would be making.

I know this one is hard to avoid and even becomes unstoppable for others but if you are thinking for its long term effects, you will only suffer from having wrong management of funds that will put you on being financially broken. So if you can manage to refrain from doing it, do it now because that will only be the best way so you can manage your finances and save a good amount in the future. No need to focus on your wants and other prestiges in life, live life on its purpose and just stick to your own needs.

You can also add to not to do with money is to be generous with your friends.  if you become generous, your friend will exploit you and suck you dry, and leave when you don't have money anymore.


Most people who brag about money online or in public are probably a network marketer.  They need to show their assets in order to make people believe that they are earning in their networking company.  Other than that, it is normal for parents to brag about their kids earning with their friends.  Parents are proud that their kids is established.


True rich people dont' brag their wealth, they even misdeclare their income to reduce the amount of their tax.

We make hasty decisions in many areas of our lives. I generally suffered from this. I am successful when I think for a while and find wise methods and decide without haste. I see this as the most important item. Because when we suddenly decide to invest, we don't think about it enough. We only think about the result we want it to be. It usually doesn't happen. Because a sudden decision brings with it deficiencies.

This seems like the basic thing in money management. Better money management, better money condition. Money management includes the way you get the money, plan, and also spend the money. Everybody may have different money management with their own plans based on their needs and future planning. So, this will depend on how you want to make it. Here, dividing the money into several things is necessary to know how much to spend for now, for premier needs, for other needs, for urgent needs, and also for the future. This will also include free money to be used for investment or other activities.

Unfortunately, this may become one of the reasons why many people become the target of robbers, and criminals because they brag about their money moreover in social media. It is needed to be calm and low profile even if we have a lot of money.

Exactly, if we have a lot of money, it is better to buy the premier needs first. AFter being fulfilled, we can divide the money into some necessary. You actually don't mind buying something that losses value like cars or others, but as long as we have the limitations and we have investment. We have better make it for investment that will pay you passive income.

When you've got the money and it's like an infinite supply of money on your possession. It's like that you can do everything that you can and you want to buy almost everything that you want.

Someone who can't control himself with that possession is bound to be poor again if he's from zero to hero and then don't know how to manage his money or didn't seek help from financial experts on how to handle his money properly.

Some of the worst ways to quote on this thread's first page. Quoting an entire OP that is this voluminous is just something that shouldn't be done. Should the whole thread be of reference, we are already in the thread and quoting might be unnecessary and should it becomes necessary, just a snip would do.

Looking at the details in the OP and the subject of the thread, I thought more about the thread describing ways of making sme false or bad investments but instead, its about bad spending habits.

Don't Invest Suddenly. This is where it makes sense. I'll say, don't invest in a trade you've got no idea about. Either you seek professional knowledge or you take the time to study the trade yourself.

I appreciate that everything you wrote is accurate, beginning with
Spending without a plan is a risky game to actually play because most people like to brag and try to impress others. You won't ever be held responsible for your spending, and as the saying goes, if you don't plan, you're preparing to fail.

Generally speaking, bragging is not a good thing. Be humble, keep your head down, enjoy life, and assist those in need if you can.

You would have made it sound this way
5 attitudes you should not display when you have money in advancing your lives
Many people are guilty of these 5 attitudes you mentioned above. When they don't have money, they will try to be economical in whatever they are doing. They spend less but the moment they have money on their hands they spend without a list of plans.


Money has pushed many to buy irrelevant things to prove to their friends they can buy expensive things and live largely.

My advice to shorten the way to becoming rich is not letting money rest. Let money work all the time. Avoid situations when you economize or save money and do nothing with them. Inflation is your main enemy. Choosing cheap instead of quality is also a big no. Quality item or service will last longer give better experience.

But you should always understand, that even following each and every advice from this forum or from anywhere else, wont guaranty that you will get rich. Sometimes doing exactly opposite by that 5 things from first post will make a person rich.

Now making money is a little more difficult so if we get money we should be able to do it usefully for more important purposes than useless things, maybe we should save a little and don't spend too much money because it's not useful, I think we every month I have limited expenses such as paying rent, electricity, internet, water, other necessities. These are of course important needs that must be there every month, so I always record expenses for anything, including monthly expenses.

But if money is used to treat friends, party, watch movies, travel for entertainment, I always think about it first, where there is something more important, then money must be used for it.
At least by saving we can save more money for other needs.


Investing is not seen from a profit alone but seen from how ready we are to do it and mentally later, long-term investment can be from gold, stocks, property, bitcoin and other types we must understand first, if investing follows others without there is experience from us then it will fail because we can't control it, because for me something related to investment then we must understand first, don't be careless just for fun, for example, I myself know more about investing in bitcoin than others, so I now more focus on this investment and run it all the time.

I would also like to add that attitude is very important too if you aim to get rich in crypto investments or whatever investment you want to engage in. Aside from having discipline, an investor should also focus on having positive mindset and being an open minded person because that will help him overcome all the trials when investing. If he has a great attitude towards investing, he will most likely to succeed in the future.

the point is to know the most basic needs to ordinary needs, because many people spend money just for something they don't need themselves.
Adopt a simple and reasonable lifestyle.No need to follow the social media virus that often poisons our lifestyle. Better you live a simple lifestyle, but have a lot of assets, than most styles but continue to drain your wallet.

OP's 5 tips as far as I understand he is simply talking about saving and I agree with you that saving does not bring wealth to anyone. If we want to be rich, we have to work non-stop, work while others are sleeping, have to get up every time we fail...and the important thing as you mentioned: use money to make money, don't let it enrich the bank.
OP's 5 tips are also quite useful, whether rich or not, don't waste too much, save or use the money to do useful things for society.

Many people say that if you want to be rich, don't just save in the bank but have to work for us all the time, but they don't explain how and what are the steps so that the circulation of money becomes like a waterwheel that keeps turning? and what business to run. and most of them answer stock or crypto investment! is there no other way to get passive income other than investing in stocks or crypto? If there is, I hope you share. anyway, I can't run the 5 suggestions in the OP's thread he suggested on the start page if I don't have any money or income

This is important information that can make someone lose money. Many people invest without research when they see friends going for it. This kind of investment is a trap. Like during ICO, many of the project was scam but people invested because of the promise of financial benefit and they didn't take time to study the market at the time. Doing proper research on project is advised and investing what you can lose is advisable.

There's no need in explaining on how to make your money work for you, because everything is available in the internet. If you want it to be more detailed, then you should attend to seminars in stuff like these.
And also, stock and crypto aren't the only asset that could make your money work for you or in short "passive income". Have you ever heard of real estate? That will give you unlimited income once you fully developed your properties.
Buy a land, put up a commercial building and voila! But then of course, you'll need a thorough planning before you achieve the kind of success.
For the meantime, if you still don't have a capital to make your first step, then you should put your money in Bitcoin and let it sit and grow for a few years.

There was never a specific path to success, and the OP never guaranteed his suggestion was flawless, but I believe the highlights are simply common sense that anybody would take, even so-called expert consultants. To achieve success, you must begin your journey and see what it takes to achieve a level, and what will guide you are yourself and your failures, though there are some people who are naturally lucky and may not see any failure throughout their journey to become rich, they exist and that's how life treats, now imagine wanting someone who was a favour and you want to be like them when you are not built that way, that is how life work.

Number 1 could be simplified as just don't spend on something that you do not need at times that you are financially at risk.
It is perfectly fine to buy your wants, but bear in mind on if you would need that money to pay your bills or nah. People think that buying their satisfactions pays off their bills automatically.

Another one I would like to add up is don't loan if it is only for your wants. Better hold that money that you are planning to use for your PS5. :D

What you have explained are clever plans that would help anyone to succeed when they have money. There are some monies that would come unannounced, particularly in betting or trading, one should not squander them, it is all about self-restraint and a good investment plan that would make such a person rich for life. Money is volatile, but when we invest, we would always be enjoying its dividend for life.

If the use of money is not used in the right place, then no matter how much money we have will be wasted. Smart steps are needed in the use of money, both investment and other uses.
Although there are so many forms of investment available, the question is where are we more comfortable?
For some people on the forum, the answer is definitely bitcoin, besides being able to maintain value, bitcoin can also maintain assets, but it needs control, strategy and a measurable timeframe, so that investments run as desired and get maximum results.

I might be wrong, but with such attitude we wont get rich, the only thing such people will get is the unstoppable feeling of being tired. People should work smart, not hard. As to savings - to me this is not a way to get rich, this is sort of a insurance for future. A pillow if you fall.


All I can say if turning rich would be easy and all we have to do is just to follow some steps, then everyone around would be rich and the value of money would drop heavily.

I once tried to do this, I wrote everything I bought daily, weekly to monthly, but the facts that occur are very difficult, especially for those who have families and children, it is almost impossible to be able to do this technique.

By having the attitude you stated that's very important I believe you're referring to being optimistic which is among the thing that makes people achieve their goals in life no matter the challenges they may experience.
I was that optimism in the life of Elon Musk he's always been seen as a stupid person whenever he presented new ideas and something happened when he acquire Twitter a lot of people said he waste money to acquire a company that didn't worth the prize.

Hahaha plans are good to help you as a guide really I think but it is just a guide nothing to say you will not over spend against your boundary or limit with the current inflation. Inflation is the current challenge that you see the world having. The value of money you have can't buy what you plan for. The cost you buy today change at the next store you visit.

If you become rich by doing all this, then what is the use of such richness? I mean colorless life

what is the use of such richness? When you can't buy a new phone while all your friends have the latest model?

what is the use of such richness? When can not change your Old car (https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRZEbzLwZVrrCFBWFZIHc8hiUF1VF2IRlWPCg&usqp=CAU)  :'(?

If someone wants to be rich by living this kind of life then good luck to him from my side.

This is a wrong misconception on borrowing especially for business loan. I don't know how exactly ypu want to describe borrowing but it's really not a bad idea if the interest is not overkill because you can advance your money to spend it on business or investment opportunity while paying it slowly with just a minimal interest.

Borrowing is good too on buying necessities especially so that you can allocate some of your income on other things that can give you profit.

My comment is assuming that those borrowed money will be use on an investment since that's what I’m doing on my whole life. I use other money to fund my business and use the profit to pay it back slowly while giving me a savings from the profit. Even rich people borrow money to purchase something for investment purposes. Elon Musk is the best example here when he buys Twitter recently.

My rule is not to tell people what to do with their money, this has helped me to avoid anyone from blaming me from any lose they got.

I believe as a human being if you have the idea to make money then you are wise enough to make a good decision. I have seen many people forcing people into crypto-currency with good hope and many a times this doesn't go the way they plan.

You can teach people things but don't make your sermon seem that you are trying to force them into what they can do with their money because when it get soar you take the blame.

that is true, if they know how to earn money, certainly, they know best what to do with their money. if you are being a hard worker, you know the value of what you are earning and so you will spend it wisely.
some people don't aim to be rich but at least being a self-sufficient one. most people are at peace if they are just living simply. being rich is a subjective status and it depends on the person how he will label himself as such.

Nice pointers you have there and I think responsible people know well how to execute those properly.

And for anyone's information, majority of rich people especially businessmen and investors are really strict when it comes on money management.

Those who are average earners are sometimes doing such reckless move that's why they ended up being busted every payday.

It all boils down to money management and any good management will produce good results too.
I agree that business people and investors have good control over their money compared to the minority of people who are arrogant because of their wealth. In fact, this arrogance and greed can't always be avoided when someone can't control their finances. This is true because unknowingly, they may forget that bad management will lead them to failure and bankruptcy.

Equip yourself first with basic knowledge and skills needed to invest in crypto, before you decide to jump on the next level which is investing. And always study all the background of the crypto coins, their price chart and their moves in the market, so you will know what are the promising coins to invest. And when you’re done with them, now it’s about time to take the risk in investing but always invest on an amount you can afford to lose.

A lot of good albeit common sense advice that will do well for many people. Avoiding or at least paying off any debt is super important as a starting point, there is good debt like mortgages and bad debt like high interest credit cards which have a reoccurring balance. Once you're starting from zero, it's probably good to have a small buffer of cash available and then slowly learn how to do some modest and conservative investing.

Lol, the OP stated the process or what we should do in order to get rich.  Take note of the word "to get rich".  If you get rich then you can do whatever you like.  Somehow I think you are confused to differentiate a process from an end product.  


Well if we are not born rich, we need to sacrifice something in order to speed up the process.  As the saying say, it is better to do hard work, sacrifice and save today, and enjoy the fruits later than enjoy and waste the little money we have today then suffer the consequences later.  

Responsible parents often do this not for their own but for their kid's future. Others even look past their kids and plan for the abundance of the next generations.

There's a lot of misunderstanding here the OP, the title, and the replies.

I think the title should be "5 things you should not do with your money to if you get rich"

Although, your answer has some points though but I think it didn't mean to be this exaggerated like you are rich yet you are still using that kind of old car which is I think more expensive with the maintenance that you will do than having a new one. lol

But there are things also that you should not be buy-in just because you just wanted to belong with your group such as having a latest model of phone which is absurd if you asked me. If you have a working phone there's no need to buy a new one as long as the purpose of that phone is still intact such as making phone call/text or the camera is still working with a good quality that's that all.

The important part is you know how to keep your expenses to minimal to avoid over spending to nonsense things.

Live by your means and dont really make yourself fall into that situation where you do buy up things according on what you do see around.Making yourself rich doesnt always end up on success which does simply means

that you do all sorts of thing which it could potentially make do some advantage.If you are spending money too much on something useless then it would be understandable that you wont really be getting nowhere.

When you do get rich then diversifications would be always the key so that incase one of those things had failed, you could still be having the chance for recovery.
Just be mindful on your spendings and having proper money or financial management.

I think the most important thing a living human being should do is invest their money, while you are investing your money do not forget to enjoy yourself and have a good life too, time wait for no one, invest your money and find a good way to enjoy it.

While on the journey of investing and getting rich many people have failed to live.

There are so many families who got rich thanks to one person, but then their children had no idea how to run a business and then bankrupted. Sure, that rarely happens when we are talking about families with 1+ billion dollars, but if you are a family with a 10-50 million dollar business and then the kid takes over with absolutely no idea then they could bankrupt it easily.

This is a proof that you could always lose a lot of money if you have no idea what you are doing with it, you should always learn to be efficient with whatever money you have.

I believe you can do all these things. There is nothing wrong in purchasing a modern new smartphone or car model, the point is that you should never waste money.

Some people are simply insatiable, and for them there is not enough of money to fulfill all their expenses and desires, because the more they have, the more they want. They never get satisfied until spending or wasting the last disponible penny, and it can get even worse, when the compulsive behavior is so extreme that these people start borrowing money and creating debt for useless reasons.

Let's say you bought the smartphone of the year: a reasonable person will take care of this good and will make it last for a long time. Consequently you won't need a new smartphone for few years at least. Considering its rating it's supposed to be a durable good.

On the other hand, an insatiable person doesn't care about it. He will buy a new smartphone every 6 months, despite the fact the previous one was working perfectly fine. This kind of behavior prejudices an individual attempting to thrive financially or keeping his financial status elevated.

These are practical and logical things. In short you have to be responsible with what you are spending your money with. What is ideal is to invest your money into something profitable but it is also not wrong to buy things that you've dreamed of as long as there are limits. If you really want to get rich you need to plan your expenses as well as the cash in or cash flow on your account; Start 'em young as most of us are saying. Invest on knowledge as well to gain ideas on diversifying your money and not solely depending with one thing; that would generate more profit.



Balance things out. You may enjoy and be responsible at the same time just avoid being eaten by greed and materialistic. At the end of the day; that is your money so you have rights what to do with it.

Some of the point in the OP are indeed very reasonable and it seems that these are some habits that often make people wasteful, greedy and unable to control their finances well. Personally, I somehow agree that when we have lot of money we can literally do anything and there are even a lot of people who want to be friends, while if there is no money then they will stay away. This is the dynamic of life that is always happening.

We all have our own way of managing finances to be useful for the future. Some tips and experiences of other people's success will be good to read and maybe also adopted, but our success will depend only on ourselves.

Sometimes, people with lots of money need to experience the worst before being responsible for how they will manage their money. There's a mindset in them that it's ok to lose some since they afford it not realizing the total amount of loses is now getting bigger because of their irresponsible actions.

They will just waken up once they now feel that their financial status is now getting into a crisis.

Good thing though that some people learned from that worst experience.

This is very common in those which have been born rich, since they do not now what it takes to go from having little money to having a lot of money they do not understand how difficult it is and how important it is to minimize your mistakes and your losses along the way, they think they can afford to make mistakes and lose money since they have so much of it, not realizing that since their money is not limitless then eventually they will face huge problems with that careless attitude.

Being a consumptive is not healthy to do especially when you have money to spend. Buying everything you see could damage your finance in the long run, unless you get some additional backups of money and investment to afford your consumptive behavior in long run. It's deadly if you don't plan it properly.

You can make new friends and new enemies, as simple as that.

This is true, if you can afford your money to invest then it doesn't mean you have to invest it right away. Do some research first and act like your money as a treasure that you don't want to throw it away to some bad investment methods right there without any prior knowledge of those. Losing your money and chasing your losses when you were rich is really dangerous where you can do it several times and could make you broke.

In this case maybe talking about wealth all have their own perspective and of course everyone has a different opinion on this.
Actually, it doesn't really matter if we buy and spend money according to needs, for example as you said about smartphones.
But in this case, technological innovation is constantly being updated in a more sophisticated direction and of course we cannot compensate for that if we have to follow it by buying all the latest products because every day there are more and more renewable products.
I personally have a point of view as long as it still works, why not use it because I have a principle to always prioritize function over prestige. it doesn't really matter whether it's the latest thing or indeed the old version as long as we are comfortable and don't have problems with its function, then what are we replacing it for.

That's really a set of good advice however we should not have the mindset that doing that, it's the road to becoming rich.

The key here is proper financial management and that's necessary to avoid a financial crisis in the future.

I will rephrase it to "5 things you should consider doing with your money to avoid major financial problems".

I do agree and the same goes for beginners in the crypto market. Just because they can afford to invest, they have to invest in everything without doing any research.
They're quick to invest when they just think they will earn even if they will not spend their time doing research to know more about investing in the crypto market.
That's the wrong thinking because it's a wild type of thinking that will make their money go too soon and easily. Learn from the experience of many.

This is important because being rich is the principle that you lay down from beginning or early stage. Only few get rich without proper planning and those are the type classified as luck. If you want to be rich it takes planning and management which are the real factor of being rich. Example you can plan to save a dollar daily and the next year you will have $365 and you can continue, for 10 years you can have $365 x 10, that is $3,650, this takes planning.

spending money by buying something that is not important, is something in vain.

We must be able to manage finances regularly. so that the money spent is not wasted.

Sometimes people are too tight and obedient to the theory to be rich, many things are done such as buying books, seeing YouTube to come to the seminar to become rich, from many things I understand that to be rich then the important thing is not afraid of risks, we can business , investment or anything but if you are always afraid and continue to calculate opportunities then we will never be rich.

Of course, it is very important to delay gratification.
If you spend all the money, then when the opportunity comes, of course, it is difficult to have a choice

what I do in money management is quite simple. i.e. I only spend my money on things I really need. because sometimes we get out of control with money management. and end up buying what we want when we don't need it. So basically I prefer to prioritize needs over wants. this is a simple thing but effective enough to save and save. but doing this requires a high level of discipline. what the OP said even I think the point is the same as what I said.

Yes this is what people have to learn first.
You can't just invest on anything because you can, it's not healthy in long run.

Even though they are not afraid of risks, but they consider the risks to actually determine if it's actually worth to face the risk or not. You can't just jump into that hole without actually thinking the pros and cons of that, if you think that big risks always means that you can get big return from that without any proper preparation, then you are doing something wrong there.

luck factor is also there. but that's out of context I think. but because the luck factor is a factor that is beyond our understanding. or something unexpected and unpredictable. then there is also management to manage the money prepared for something unexpected. a kind of reserve fund if at any time we have to spend money outside of our financial planning. like a neighbor who wants to borrow money is an unexpected thing but we certainly can't let people ask us for help. as long as we can help him then we have to help him. and of course we will spend money unexpectedly. and to deal with things like this, if we can afford it, we should be able to save a reserve fund. because like health we can not predict. but during an economic crisis like now it might be difficult. so sometimes our savings will be used.

A father's gene habit will be passed on to his son, I mean if a father has a business background, his child will indirectly follow his father's work, although not one hundred percent of the gene is passed on to all children whose parents are in business
For that, I think the use of money owned by anyone must be right on target, because when money is not placed in something productive, then no matter how much money we have, it can never be used for something more useful and get maximum profit.

I wholeheartedly concur with this thread. Before investing your money in any cause, you should always think twice or three times. However, if money is really simple to obtain, it will also be simple to spend.
We must be smart with our money even if it is hard earned or "easy earned".

Everyone should have a plan in using the money they have, so that we know what to do.
Many people have money, but do not know where to use it, in this case we need to review again, so that decision making in the use of the money we have is truly right on target, people often do not understand that they have expertise in which field, so decisions are not perfect when choosing something.

In life we must have a concept, start a big plan but start from small things, we can do any business, if we want to learn to understand the basic concepts of the business we want to live, nothing is easy to do. Of course it takes perseverance and never give up with one, two or three failures that have been experienced, because the comfort zone will not make anyone grow if no one dares to take risks.

We have equal opportunities in different parts, when what we want to do is not realized, then it's just a hoax or a plan that we don't develop, the nature of people like this are usually only good at giving advice, but unable to implement the plans that were previously made , we often find this type of person in developing countries, although it cannot be categorized as a whole.
Anyone can give advice, but not many people are able to carry out the scenario that has been planned.

In our opinion, this is a step in maintaining the value of the currency, there is nothing wrong with bitcoin being a priority in considering investing, because Bitcoin is one of the three parts of an investment that is able to maintain value, one of which is Bitcoin, Gold and Land.
We think almost everyone agrees with these three things, although they have different patterns, both in terms of profit levels and approaches to starting investments.
These three models can hold value in the long and short term, recession and inflation do not have a major impact on all three, because indeed these three investment models can hold value in the long run, although profits can vary between the three.

We often listen to frugal advice from parents, maybe this is the basis we often hold for financial problems, when someone decides to buy something he wants, the main step that we must pay attention to is whether the item is an urgent need or not.
This is important so that our finances are not wasted on unproductive things, unlike the case if we use the money as investment capital that we have planned, finances must be controlled properly, in order to provide maximum profits in the future.

In our opinion, this is more technical in nature, before we jump into the world of investment, then the basic things that we must learn that are directly related to investment, it is important to learn first before starting. For example we invest bitcoin, then the basic things we have to learn about bitcoin, be it the annual cycle, the history of the market and the right way to enter the market, I think this little thing is quite important, because if there is a correction to bitcoin, we will not experience excessive panic, as well as other investments, but the most important thing is to be willing to take risks, because in this world there is no form of investment that does not involve risk.

Greediness is the most that kill humans. We are just almost greedy in all we do in life.

These are all pretty good points here.  #1 of course is the most important part of it.  Working with my clients as a financial advisor, one of the worst things I see them do is not form a plan what so ever.  I see this from young people to old.  The first place to start is from a budget, and going from there once you know how much money you can invest.

Not bragging about how much money you have is another one.  I can't believe so many people on here are so willing to just spout out how much bitcoin they own.  Dont.  Don't even tell anyone you own any.  This something Andreas talks about a good amount, leaving this kind of information about your bitcoin to yourself.

ah ah it's called FOMO

Yes, the title may not be very accurate, the advice is very helpful but to become rich we need a plan and constant effort, saving is not enough. Not wasting money on useless things is good but cannot make us rich.


I don't completely agree with you on this, you can't succeed alone, you need to have everyone's help, I mean we need to help each other so that we can be successful. Lending money to others is part of managing your capital, you need to determine who is trustworthy and who should not be approached.

Not many will do this because people who work for money like us understand how difficult it is to save money from working.
We do not deny that there are some people who do this because they forget the preparations that will be prepared for the future such as getting married, owning a house, medical expenses and other needs.

Whoever "remembers" then he will be saved.

Some people live as one day millionaire so even if they are earnings still they exceed because they buy useless things and want to be in on what is latest on current trend so this also make their life miserable because they cannot save for their selves which they can use in times of emergency or other things more useful like what you mention above.

I will add Don't lend money if you don't really need it and don't lend money to people who will not pay you this traits could make us drain because if we cannot control this for sure people will abuse us or we will depend by lending money to others.

Well spoken, It is true that the OP's advice is not completely useless, but if we think that we can get rich by saving then becoming rich is not in our favor. We try every day, finding wealth is so that we have a life without worrying about money, without thinking when buying the things we love, it is a tasteless life. If I become rich but I can't eat good food, can't buy expensive clothes, I would rather be poor than rich, rich without spending money comfortably is useless.

This is determined if we arrive at an accurate definition of what "wealthy" is. Getting rich does this mean achieving large financial surpluses? But to what extent exactly? It is assumed that there are limits to this ambition so that it can be achieved, otherwise we will enter into a state of mental illness for a person whose priority is to earn more money.
Too many lucky people would not have been able to make profitable surpluses if there were no fools who mismanaged their money at a certain time to make others deserve it.

Overall the points you say are basically true. however, despite all that. the question is, can you be consistent with the points you say in this long list.  these points are the basic things to be applied to each individual, if you want to develop. however, to get to that point.
One needs practice, knowledge, guidance and experience. Patterns such as these examples can be applied from a young age.  you have to get used to it to that point. if you already have good management and are trained, especially regarding how to manage money properly and correctly. as you said in this thread, then, you should already be a rich person.


yes, that's what one should do if you want to invest. especially investing in new coins which are prone to big risks. at least, before someone starts investing. he must understand what he will do, he must learn things related to what he will invest.
Having basic knowledge is very important, rather than just being carried away by hype or market sentiment. someone needs learning, especially from people who are more competent.

Well I also think that 'good things come to those that wait'. I do believe the good things come to those that wait even if it is about waiting for bitcoin to start another 'bull run' and not to panic sell but just hodl your coins.

For example, being patient and holding onto a great investment can be difficult but if you are patient you will see the biggest returns on your investment. Patience is absolutely one of the most valuable virtues.

I recommend learning before investing. In cryptocurrency, most new investors invest without proper knowledge; they base their decisions on the hype and the vloggers who introduce it. Agree with this, jumping to the conclusion that you can earn once you invest, even without knowledge. Also, be wary of scams; always conduct a background check and search for everything about the projects you want to invest in. Perform your research before getting your funds.

Sometimes beginners always skip this important step (analysis). they sometimes always believe more in influencers who suggest investing in a project, and get carried away by the hype. maybe if it is a short term investment it can be tolerated and can even be profitable as long as we know when to enter and when to leave. like entering investing at the beginning of the hype and after seeing the hype at its peak then rushing out of the investment because after the hype is at its peak then that is a sign that the hype will end. but following the hype for long-term investing is a fatal mistake that beginners usually make.

Yes, greed is a human trait that we often encounter. and with greed all will be destroyed. because, greed is excessive lust, which cannot be controlled.

May we all be kept away from excessive greed.

Being consistent is not something you actually "do", it needs to become natural. So, if you are trying to follow these rules then you are in a bad ride and it will cause you to lose a lot of money because you can't be consistent with it.

However, if you followed it long enough then you don't even "try" to follow them, you just know them and you act like that, which creates absolutely no problems at all. That’s what I am trying to do, not just follow anything at all, just know what’s right and just do that, naturally. If it comes from within then you will always be right, but if you read something and try to follow that then it’s not an instinct and you will eventually fail.

By taking some risks and grab every good opportunities that come, we will have bigger chances to grow ourselves and become rich in the making. It’s not the money actually that get us rich, it’s how we manage our finances and spend based on a budget plan that make us eventually rich. And of course, having a positive spirit despite of some losses, it will also lead us to succeed in our ventures in life.

It is not easy to become rich and it is not a day plan work,  it is a plan work that can Take some long time.  To become rich many things required to be done,   becoming rich means a lot that one needs to be very discipline on how money should be spent well.  One of the things many people finds very difficult is how to save money. 

One  who is not strong enough and discipline will always find it difficult to save money to become rich. Acquiring wealth requires a lot self work to be done, and staying rich is a difficult task.  Being rich is not the end of everything but how to remain rich.

That is why those new coins going out in the market are hiring influencers to do a video and promote it on their channel or page. Most newbies will follow the influencers' financial advice. This really happens a lot; there are a lot of influencers who do this but end up losing all their money. Only influencers can benefit from it, and after the coin hype is gone, the influencer will not give any statement. Nowadays, most newbies only do their research after being scammed; they have learned from their hard mistakes.

We've all gone through those stages ourselves and it's not too bad, right? Sometimes free tips won't get much attention but once we have to spend money to get those lessons back, it becomes more valuable. For me, I also don't want to give too much advice to newbies, the best way is to let them experience it for themselves and they will quickly learn their lessons after losing money. It's not that we are heartless, but to succeed, they need to know how to taste failure and then stand up for themselves.

Making hasty decisions without taking enough time to conduct research and the misconception about getting rich quickly is what makes any rich investor who has good capital lose it in scam projects and meme coins. Doing lengthy research about the currency project that you intend to invest in takes only a few hours and seeking advice from expert analysts takes only a few minutes, so we all have not to rush to make an investment decision, because this will depend on it, either you choose a good project and double your capital, or you lose your money and return to a life of poverty.

Being rich is not seen from the background of which school graduates are, even though some people see this as a determination now. Because being rich doesn't always have to start from scratch as long as you can fight your laziness at work. You can see examples of family heredity in three people who are already successful and getting rich at this time, they are Jeff Bezos, Bill Gates, and Elon Musk who now have very extraordinary businesses and have become very rich.

It is very hard, but it's true. I've been scammed in a Ponzi scheme investment before, which woke me up and taught me a lesson. I just remembered that the only way to earn bitcoin before was to buy and profit from it through investments, much like in a Ponzi scheme, but it turns out I was duped! I really felt bad that day. I wanted to punch the people behind it, but it turns out that it is such a good lesson not to do it again, and I was also able to find other ways to earn bitcoin, which is still my way to earn right now.

True we really need to do our own research and verify all the information we read or heard.  There are lots of shills and fraud advertisers in cryptocurrency.  Many of then even create fake news that if left unchecked can trigger FOMO in those who have no knowledge of the actual situation.  We should always check the sources of information and stay away from projects and cryptocurrency that do this kind of dirty trick.  Projects that are lying about their news and promotions should be avoided at all cost.  They are liars and possibly won't hesitate to rug-pull their investors and run away with the investors' money.

So it is really advisable to do in-depth- research and the background of the people behind the project before we invest in.

I would suggest that smart investment is also a very key factor how to make money as well. Something that could go up in value, and also give you an income at the same time is a key way of investing. Something that you can invest and pay you dividends that is higher than the loan you may take for example is even smarter, that way you would invest, but also would pay the loan back with the dividends where the initial capital would just grow.

ETH is a great example of this, it is paying as high as 5-6% in most places if I am not wrong, and you could maybe find loans that low yearly? Maybe not. At the end of the day smart investment is always the key, otherwise we all could buy the latest iphone with our money, but it won't be smart way of spending our money.

2. Don't brag about having a lot of money

Keep and make yourself that simple on which you dont really brag your richness into public or trying out to impress everybody on what you had attained.
This is safety hazard which is something you do really need to avoid as much you could.Better to be silent and do continue to grind and
achieve that financial freedom that you are really aiming for. Dont make yourself get exposed that you do have lots of money
or else you would be risking your life.

If we read a lot of articles or writing to be rich then most will say 2 things that continue to increase income and continue to reduce expenses, in theory of course it's easy but when I want to apply all the theories that happen is different, difficult to increase income and easy to spend money .

Money will surely impress people, especially the opportunist and they might only take advantage of you. Not everyone around you will celebrate your success but rather wish you bad luck because of envy and jealousy. It's better to win and enjoy your success in private because you don't have to please or even prove anything to the people around you. You can inspire others because of your success but not everyone sees the good side of it.

sometime all the bookish knowledge remain on one side and there are new rule we have to see and experience all the time in our lifetime
life is so unpredictable and they give so many lesson at every stage of the life

5. Don't invest suddenly 
Is the result of "not spending without a plan" I suppose. Before making any investment decision, you need to take an honest look at your overall financial situation, especially if you have never invested before.

These are some very wise observations, unfortunately most of these are in reality only learned through trial and error. Hopefully the errors are small enough and the person is intelligent enough to assess them before they get too out of control. However things like not investing too suddenly can also be tricky to gauge - just look at crypto, many people thought they were investing early on, watched it go all the way up to $65k and are still holding it after it fell back down to earth. Knowing when to cut your losses and accept a failed investment can be very important too - many people have the opportunity to cash out over a long time but end up losing everything instead.

I agree with all that you've said, and this one is the common mistake of people who are eager to gain through investing. I've seen many investors attracted to invest their money because of hype, they want to join the trend and hoping to earn like what others do. Then they will end up losing their money because of their sudden decision to invest even without knowledge about it. It's a lesson for many of us to always be careful when it comes to investing, and do your part by filling your mind with knowledge to have a better understanding.

Because it's hard to earn money so don't blindly invest in any kind of investment if you're not certain. If your goal is to be rich then think of what you should do and what can help you to achieve it.

There are a lot of articles online that have guides on how to be rich but not always successful. Most of the time, the article writers really suggest that you invest in business, forex, stocks, and crypto. That is mostly what they say, but you still have a lot to go through if you want to take a risk on this. You are right that it is easier to spend money than to earn, but I am hoping that soon it will be balanced because we are earning a lot of money from our investments.

All factors that hinder to be rich are certainly very many, and various things have been done by the rich, but I believe that rich is a stipulated provision, so that in real life we can see people who according to the assessment are not worthy of rich but he can be rich or vice versa , who deserves to be rich but not rich.

OP doesn't have to be rich to give this advice.
Maybe he might also be saying all of what he said out of personal experience.
Rather than counter all he has said while not respectfully add to it or make corrections where necessary. If you actually took your time to carefully read to learn from all he said rather than reading to counter his motions, you'll understand that he was so considerate enough to accommodate the facts that it isn't easy to keep up with money and he just give us a hack that seem right to him to avoid running into dependency.

OP said something about people who have to buy the latest phones, for instance iphone just to show off without having any significant use for it, in a country like mine, I've seen a lot of people do a whole lot of things just to own the latest iphones and at the end of the day have no dedicated use for it but just to snap and edit pictures for social media that they wouldn't even have upto 100 likes.

OP also mentioned people buying cars for the sake of trends without putting into consideration the cost of fueling and maintenance and later end up selling it at a very cheap price.
I totally agree to this because early this year, an oil firm paid a huge sum of money to a neighbouring community for oil spillage on their land and the money was shared to all members of the community with each citizen having over $9k, most of them got new cars worth over $5k and now selling for less than $3k just within a year which isn't nice And i was an agent to selling two cars they bought then

If you are just relying on luck to be rich instantly, I'm pretty sure you are not having a great time with your money. It's not satisfying to get your money with the luck and they just buy everything they want with their money because they considered it as free money instead of their hard-working money that they have to treat it really carefully. I have seen people gotten rich by luck and they had ended up broke or involved with criminal crimes.

Rich or poor is not a human choice but there is already a decisive one, I see a lot of fact that many people do not graduate from school but can be successful and have employees who graduate, or vice versa that graduating with the best grades but cannot be rich and only trapped in a routine working with a salary Just enough for living standards alone.

It is because of the way they are thinking. If the person even though didn't have a degree but be is extending his effort towards his works and having perseverance he is more likely to be successful in the future, the reason why someone is having an edge to another people is that they are strong enough in many emotional things since it greatly affects our behavior. Regarding the topic, all of it was correct but it all depends to everyone's behavior. I have a friend who likes to post her achievements in social media and I saw how hard it is for her before she got that all things and that's fine with me, I don't need to be bothered it is her life even though I don't want that kind of things as well.

I agree that spending money on unnecessary things without a plan should be avoided. But spending money on urgent needs should be okay although you didn't plan it. Urgent needs like "spending money for medicine when you get sick" isn't planned previously, but it should be done because it is a crucial thing. Urgent needs are very possible to happen at any time, that's why we should have reserved money for this matter.

I was one of the people who used to buy the stuff I want over the things that I need regardless of their usage. I used to buy what was on trend until I lost a job during that time and have to sell those useless things just to survive. Because of what happened, I realized that valuing our hard earned money is too important. We should be wise in spending so that in case of emergency, crisis, or bad situations, we'll know how to survive.

This also means don't trust anyone suddenly
There are scammer everywhere looking fwd to fool and grab people's wealth in the name of investment. I have recently been the victim myself and I hate myself for being fooled

All the points mentioned by OP are very good points.
Everyone has their ways of finding and resolving the things. And they do it when they experience the things on their own. There are very few people who learn from other people mistake - most of the people want to do it themselves.

Five things to follow to make yourself rich is good, but we can't be sure that the mentioned list works with everyone's life. Everything is a gamble, so we need to try. If things weren't working out, we should frame the next set of objectives that can help us grow good in wealth.

All of the suggestions above are good, it looks very easy to theory but it will be difficult for us to apply in reality, I think the most important thing to rich is to increase the source of income, no matter how much we spend or wasteful, but if our income is large then we will be rich , because what makes us rich is income not expenses.

That's exactly what I was thinking. Although it is good not to spend excessively, but savings will not make us rich, sometimes excessive savings will actually make us poorer. It will slow down your thinking, you just want to save rather than put in more effort.
If we want to become rich, we should find ways to increase our income instead of just saving to get rich, because rich means having a lot of money and being able to enjoy life without worrying too much about money.

It's people's mentality. We always have an excuse when we spend more than what we should've. We always think of excuses like "I'll get my pay check soon and I still have some savings" , "I am just rewarding my self", or any other excuses we can think of when we are spending too much. There's nothing wrong or enjoying what you've earned, however, if this kind of mentality goes on it becomes a bad habit. If you want to get rich, you need to focus on saving all the money you can, invest wisely, and don't ever think that money will continuously flow without hard work.

I'm not rich and I'm not poor either, maybe at the level of just an average state of life. But everyone wants to be rich. It's just a different method that we think is right but turns out to be wrong.


Not everyone thinks of planning how to spend their money, let's just talk real. Maybe you think that but not everyone is what you think.


I agree that we should be as simple as possible. But I don't agree that just to maintain the finances that we hold, we should brag, it's better to be real than to pretend.


I didn't say anything that we shouldn't follow the trend, I mean we shouldn't be trying hard on the things we got and bought but we are suffering because of what we did. So, let's not be trying hard on something if we can do it without difficulty.


But not everyone who goes to restaurants or expensive coffee shops is talking about business, most of them just socialize with friends to say that they also have a lot of money or can afford to spend in such places.


That's your opinion and I respect you in that matter dude...

The best point is not to invest suddenly and I would like to add one more thing to it.
Don't trust suddenly!
I have been in so much trouble for approx 6 months because of the sudden investment and trust

4. Don't waste money on useless things

Better you should be mindful on this thing.Instead on buying useless things then it would be more worth if you do really just simply
save it up and much better you do consider on buying  things which does have value or does appreciate.
Or even trying out to make investment which could really give out that chance to have passive income which it is really more ideal and recommended.
Getting rich is never been an easy path to take and lots had really failed up on this one.

Wasteful is a dangerous thing, the temptation to buy unimportant things makes us have to immediately leave wasteful nature, one thing that must be done so that it is not wasteful is carrying enough money when we leave the house, then delete all online shopping applications so that we will slowly leave wasteful.

These are all great when you have money, but not when you don't have it. The title is a bit wrong, it says "to get rich" but these are things rich people can do, not poor people. Sure if you are in debt, do not make a bigger debt and get a brand new iphone and yes there are some idiots who do that, makes no sense to me.

However, when you are like me, and barely can live with the money you have, that means none of this really helps you, you can't get richer. I am doing fine thankfully because I am not in debt, most of the world is in debt, I count myself "rich" for not having debt even if I had nothing, and I do have a bit saved aside as well, but none of what OP wrote helps me out.

Yes, there are things which are really that easy to say but what if those people dont have the money? For sure you cant really just move that much compared into those who do have money.Right?
This is why we cant really make out any conclusions yet basing on what we are seeing because in bigger or general scale, there's no way that we could able to see or witness on how other people
been thriving even into their everyday living which there's no room nor space for them to make out some investment nor even have the savings which makes thing
more harder for them to handle on.

No. It is not correct what you say.

What you express is a victim mentality as if not having money is a thing you can't change, as if you are 5'6" tall. Height you can't change, the money you make and how you manage it can.

Without getting into extreme cases, as if you live in the Somali desert, a person who has no money can work harder to get more money, and also start to get rid of debts if you have them, save in investing.

But to do that you need to believe that the future is largely in your hands and not believe that not having money is a catastrophe that you can not change as if lightning strikes you,

The temptation not to waste is very difficult, the presence of online shopping applications is always tempting anyone, I am also trapped with online shopping and feel that the offer in online shopping is very good, but when it is in the hands everything is normal, and since the last year I did not install the shopping application on line.

Most people want to be rich but they are lazy to do something to get rich, there are many theories and experiences from rich people that we can emulate, and all the ways to get rich depend on our abilities, if you are not rich then don't stop trying again or replacing with other techniques .

Only a small part of those who tried again and again became rich. Not everyone who tries gets rich, but at least they get a chance. Without trying, you will never become rich. Also, it is important to pay attention to luck. Sometimes, this is what matters. Those well-known figures who became famous for gaining wealth most often keep quiet about some details of their biography regarding simple luck or chance, because this devalues all their "hard work".

P.S. It's funny when people far from wealth discuss ways to achieve it. :)

Copying what the rich do will not help someone to become rich. For example, when you want to imitate what Elon Musk is doing. Do you have the ability to do what Elon Musk has done?

I think the people who are more appropriate to emulate are poor people who have become rich at this time because based on experience and knowledge and the results of trials carried out by poor people who have become rich are very appropriate steps for poor people to emulate and simple man who wants to be a rich man in the future. So it's not what rich people do that should be imitated in my opinion, but what poor people who are already rich are doing at this time.

I also believe in this, although we should not stop trying to become rich. However, there are times when, no matter how talented we are, no matter how hard we work, we will never succeed if we do not have a little luck. I believe that the people who become rich today are partly due to their luck, like I also met a lot of talented people but they didn't get rich because they were unlucky.


People who are not wealthy will always discuss how to become rich, if we were all rich, I think we wouldn't be here.

Nah, the reality is that it is not entirely from your abilities, Semar.
Luck comes into play in many occasions. You could have followed the footsteps of these rich people from the quotes you read, read every books on how to save money properly, but you might not even make it work in your end. Your network and social circle also comes into play. They are surely waaaaay many untold stories from these rich people in the internet that they just do not want expose to the public, well because of course it disadvantage for them.

It is not all about "hard work".

Number 2 just made me laugh out of relatability. When I was a little bit naive about life and how to handle money, I keep bragging about how much I earn as well as how much I can chip in for stuff that would require pools of money to be dedicated, like house renovation and whatnot. I have noticed relatives, even those who I would consider to be far-blooded to me slither in to the scene like they've known me all my life when they haven't even tossed me a loaf of bread once. Soon pandemic came, and profits dwindled, and I became a massive disappointment, since I can't put as much in the table as I could back then, some of my friends who I grew close with stopped checking on me, same went with relatives who were so eager to acquaint with me back then. Money is a people magnet they say, and I couldn't agree more, when you have more money and you don't know how to spend it, you'll find other people who will spend it with you, and if that relationship was built in money, its lack will cause the relationship to slowly crumble and fall before your eyes, so find true friends and pay gratitude to them, but this time don't let them know you earn this and that, or you can spend this to this and that.

Agree into this point which i do agree on this one, no one really share off their secrets yet this would really be might ending up their competition and its true that there are lots of untold stories with those books

and those words of wisdom or knowledge they do called.Hard work wont be enough but at least you do have tried your best on attaining your goals in life.Its true that it is really somewhat need up some mix of luck
for whatever things that you are trying to achieve and on what you are trying out to reach on.

Being inspired wont really be that bad, but dont make yourself do really come into a point on where you are really that expecting that much or really that
pertains that you would certainly hit up those things that they had achieved.This isnt how the reality works and you should really make yourself aware
of it.

the whole life we are all learning our lesson
everytime we learn a lesson - the life teaches us another lesson more powerful next time. But I think one should keep oneself away from the bad people and learn  from other people's mistake too.

One should not stop reading to the good thing - it is good to make a good routine and learn from your mistake and move on

Saving doesn't make us rich, it just makes us more selfish with ourselves. If you want to become rich, you should work hard and give your best, not save. A rich person is someone who doesn't have to worry about money. If you have a lot of money but dare not spend it, no one will say you are rich. Don't just save money without knowing what else to do.

What you have to blame in that case is yourself not the online shopping application. Because online shopping applications were created to make it easier for everyone to shop without having to go straight to a store or to several different stores in a day. Actually, the presence of this online shopping application has saved everyone's time when they want to shop and the price is also super cheap when compared to regular stores.

However, if you feel disturbed by the presence of an online shopping application just because you often shop for items you don't need, it means that what you have to control is not the online application, but your own lust when you see so many interesting items that it makes you interested in buying them.

Saving can save a lot of leaks to our bank account. IF I look back in my life I think I have wasted approx 10,000 USD at different point of time because of different situation and circumstances. One should save and not get trapped by the people

Saving will not make us wealthy, but in an emergency, you will have something to get on because it is difficult to obtain an emergency loan from a bank in that time and you will also incur debt. In saving, your goal is not to become rich, since to become rich you need to have multiple sources of income. Your main purpose in saving is so that when you really need money, you can get it. I don't think saving is a selfish act since you save for your future and for your family, so it won't be selfish at all.

I have a belief about bragging the things you have, you may be at your peak right now and you get to brag but things are temporary in this world. You don't know how long you're going to be at the top of your life and that's why keep yourself humble at all times because you'll never know if the fate will be against you.

I don't see savings will make you more selfish. It's essential actually to have a savings because it's where you can get your pocket deep when you've get to need some money and you need to spend it for important matters. And savings is part of the practice of the rich because it will make you responsible and be good at handling your hard earned money.

I do not agree with the opinion that saving is selfish because they have allocated income for saving and not wasting money to spend on non-essential items, the purpose of saving for emergency needs and financial security for the future, even rich people have money and assets for savings the future because our status is not always rich and the wheel of life can change at any time when we are no longer destined to be rich.

> In this current dispensation so many people spend money on many fancy things, that the value can't stand the test of time just because they want to impress some peers, associates or fans around them. For example, you hear on the news that a certain celebrity bought a car worth $50M just because a counterpart in the industry has bought one that is worth $40M and it's trending online and so the latter feel he is losing relevance if he doesn't beat the reach.
 Why not invest such money into the lives of people around you, human capital investment is one investment that last so well and the returns are unquantifiable but unfortunately this days people chase to spend on fame that is just momentary and end up going broke when they are old and out of the competition.

> On the area of not investing suddenly, on the contrary I think there a some investment that demands you invest suddenly when the opportunity surfaces. Today there are many world richest men that are rich because they invested suddenly on an opportunity that came their way when their counterparts were procrastinating and in doubt. As long as it's not a get rich quick investment I'll always invest suddenly and wisely.
Just look at bitcoin today, in it early stage many people refused to invest suddenly when the opportunity was made to them, but those that did took their chance made it profitably high when the value pumped up to the regret of those that rejected or should I say failed to invest in it.

becoming rich is not just about gaining alot 0f increased income.
its also about not spending it all at the end of the day

if you get $2k a month or $200k a month.
if you spend it all.. both =$0 left

its about saving and accumulating

..
that said the funny part is those on low income are rated by how much fiat is left at the end of the month, whilst the rich make up their amount

most of the super rich that say they are billionaires or the first "trillionaire" do not actually have billions-trillions in accessible real fiat they can just withdraw and bathe in.
most are "paper" rich. where its based on their title making them responsible for companies where the companies are market cap rated as totalling billions/trillion although even those companies dont have billions-trillions to hand. where instead its just a share market cap multiply based on current share price x share supply

if you actually want to get truly rich. dont spend it all. accumulate value and keep it.
dont keep and hold something that loses value.

Well spoken. I also disagree that we get rich by saving, but saving is not selfish, the goal of saving is for life's emergencies. In life, there are always unexpected things that happen, so we always have to have a backup plan. The current crisis is the most obvious example, a lot of people are struggling financially but if someone has already prepared some savings in the past then this is where the savings come into play. It may not give you a full life, but it will help relieve the pressure on you to make money as inflation rises and commodities skyrocket.

If we want to get rich...then stop thinking about saving and look for an opportunity to grow our money and that is to keep investing. When I say investment, it should be put in a profitable investment, not elsewhere. Many people had fail to grow their money even though they have investments and that is because they also change their lifestyle instantly.

It is supposed to be this way;
 - more investment - the same lifestyle

I observed that there are more people that want to just YOLO. It's like, life is too short for them so they are spending most of their regular income on kinds of stuff that make them happy but temporary and short term. They buy branded dresses, and shoes, eat at luxury restaurants, party regularly, and like to travel every now and then. They have very little to zero savings. They borrow money when emergencies happen. People have different mindsets and beliefs but I just don't understand why many of them don't care about planning for their future. I know we have different methods of how to achieve our own happiness though.

I sometimes spend money on some wants aside from basic needs but I think I am more of a conservative spender. Maybe I am paranoid but I feel happy when my savings grow big. I feel happy when I am financially secure.

I think the conditions for rich and simple conditions are dare to take risks or almost the same as gambling, as we know that cryptocurrencies provide many opportunities for speculation, if we sell assets that are not used worth $ 100k then investment bitcoin and some altcoins then we have the opportunity to get a large profit of 100% in 2 years or less

What a thought. That's how we should manage finances if we want to grow our finances in order to become rich. because saving money is more prone to deflation or inflation. namely a decrease in the value of currency and an increase in the price of goods. but by investing our money that has been invested will have the opportunity to continue to grow in value and amount by itself. But the most difficult step is determining where we should invest. For me the safest investment is investment in property or land. has a high potential for growth in the future. with low risk. but the drawback is that it takes a relatively longer time. There are other options in investing such as stocks and crypto. However, in stocks, we must be able to analyze which good projects to choose, which have low risk and high potential. and for crypto, we already know that there is a higher potential that is accompanied by a high risk.

depending on our mastery of knowledge and experience in which field. then choose what we have mastered.

Some things might make sense to me, of course people should avoid the 5 things you mentioned, I think they should avoid those, if they want to be rich and their economy improves financially.

Well, this is the main point, especially for those involved in crypto investment.

I think things like this, people rarely think and want to consider it, so they always fall into the abyss of losing their investment assets, many cases like this are happening right now in the crypto investment world, without any consideration without thinking well what type of crypto they are investing in, i think it's a perfect thing and it's good that you remind investors here, they are always hypnotized with cheap and new types of crypto without thinking about its origins and development in the market.

Do you have to always associate it with gambling? Investing and gambling the same? in fact, people who view such concepts do not really understand what the purpose of investing is. Even if you bet as much as possible, without good management, everything will be in vain. indeed there are many opportunities in crypto, but there are also many fraud opportunities. The point is when you have to know financial management, you will know what to do to invest. The important point is not to be hasty buying suddenly without planning. Buying Bitcoin also requires strategy, it doesn't mean you have to gamble by buying in a bull market.

While we talk about 5 things there are so many things unsaid. people should learn from other people mistake and there is so much which we don't write  and share - but they exists
There is so much which we do wrong when alone and many a time we don't share it. These are the real lessons

There's no such thing about perfect living on which there are mistakes and errors which people could able to commit or experience it out.Its true that you could really learn up things out of those
other peoples experience via reading up but there are ones who doesnt really believe until they would be experiencing it on themselves.On the time that you do make out some learning
then this is where things becomes more manageable or you are already that being disciplined when it comes on handling up things.
Getting rich is never been easy yet this would really be pertaining lots of mistakes and errors along the way.

I've seen many friends of mine reading the books with titles how to become rich, billionaires words etc. I don't know how this could make an impact over one's life. You know what you need to be and you are supposed to run for it. Maybe the words can inspire, but it is you and me to run. Set the target and run, surely one can turn rich even if he wasn't able to make himself a billionaire  :)

I have tried many of the techniques above but the result is that I am not rich yet. It is very easy to find a theory to get rich, but it seems that being rich is a mystery that is difficult to solve. I have a friend who, judging from the theory above, is not suitable, but he can be rich and I asked the thing he replied was to dare to take risks in everything.

It could be these --^{[financial management + investment + business]}
The most important thing is financial management, why? --because when you earn a profit for example $5, don't spend too much than that, spend only the $2 and the rest is your savings or back to investment.
If someone read the book of Robert Kiyosaki ^{[Rich Dad Poor Dad]}, you will learn and will surely be inspired. But a problem is --we don't have the capital to start a business.

That is undoubtedly correct, but for that income level, you either need to be a businessman or someone doing his own work like freelance, outsourcing, making money through affiliate schemes, opening restaurant or some other business that brings you money but you are the boss there because serving anybody (except you have a very high post and huge salary package) will never land you to your 'getting rich one day' goals.
Remember, you can not get rich in one day, but may reach that status one day for sure.

Yes, I'm with you on that mate. Saving in a bank or something like that is nonsense because that is already considered as dead money and there are a lot of chances that we will just tap that savings to spend on some things that we might regret later. Might as well put those same funds to a much useful way like investments so that the money will circulate and will give us passive income even we're still sleeping.

True and people really should realize that you cannot be just rich from working 9-5. Days will come that your contract will end, get laid off and force you to find another job. If you're really looking to get rich, it should make sense that you build your own business whatever the kind and you would be able to value your services/goods to however you want.
It is risky though, but once it paid off, get ready to get your Lambo keys within few months.

Not that only about having big income but the way how you will handle and manage that income of yours. Because I've seen people made huge income but still didn't ended up with a bright future of how lack of knowledge they've got in terms of finance.
Being literate to financial matters is a big thing and that's where the rich people are intelligent are. Working hard and smart isn't enough if you want to be rich but also being good in handling your finances.

I personally think that there is nothing wrong with purchasing self-help books for tips and guides. But I do agree with some that there are tons of discussions about saving money, like this one created by OP in this thread.

Just to add what OP summarized already, always determine your wants vs your needs. The latter must be prioritized first since these are the things that are essential for your quality of life. In addition, before you invest your money, always do your research and avoid hastily investing without knowing on what you are investing on.

Being rich sometimes is about fortune, this is something you can't force into your life. However, making efforts is a must, we don't know the result if we don't do anything. Some people do hard work to be rich, but they still can't be rich people. But at least, we can improve a bit our economic level if we do hard efforts. I'm sure we must have progress (improvement) in our economic level although we still can't be called as "rich people".

Regarding taking risks to be rich, it is a part of efforts. Your friend does the right way, to get a big thing we must take risks. For example, we expect to gain big money from our investment. Buying Bitcoin now as an investment is surely very risky because it is very volatile and unpredictable. But it offers a possible big money if we succeed to sell it in the next bullrun. Not everyone wants to do this, it is only for a person who braves to take a risk.

Many people are rich because they have their own business that is developed from the beginning until they are successful, but the journey from personal business requires determination and effort without being discouraged, requires the support of family and friends to motivate us when trying to start our business development. But the safest work position from the risk of being laid off if we have civil servant status in the position of head of a strategic field office.

The safest work would be in government, if you got a position there. In the past, I worked as a government employee (contractual, we will be renewed every three months) and I can tell you that if you want to work less but earn more, you should work hard to get certificates and apply for positions in government. Your future will be mostly secure if you get the higher position and fewer tasks because you will only need to plan out and you will have people around you to help you. 

There are many more list of things, steps or decisions never to embark on provided that one want to make rich in life, this has to do with principles that guide and support every human acts in doing something and the mentality they approach it through, I will like to put in these down as my list of what shouldn't be done in other to het rich in life.

1. Dont forcefully acquired it
2. Dont mock others being poor
3. Help as many as you can innyour capacity
4. Invest your money to maintain being rich in profitable assets like bitcoin

You are right, mate. I also think it is actually the point of the topic above.
However, the title makes some people mislead the point.
They may assume it is the way to get rich or to gain their wealth. Whereas it is actually the way to manage money, so we don't waste money on unnecessary things.

Well, I agree that to be rich, it is not enough by having a proper way in managing money only. The first thing to do is to make efforts that can gain big money, running a business is surely one of the ways. Sure, to be successful in a bussiness, it requires hard work, patience, commitment, and trust.

Impulse shopping is the status quo of most people nowadays, and some people spend extra money purely because of vanity. Even with credit cards, you spend more than you earn.

Every month we can make a spending plan. Spend a certain amount each month and save the excess. Don't buy anything unnecessary. There can be an accounting book, and every money spent is recorded in the accounting book.

this is an important thing in managing finances I think, but sometimes things don't go according to plan, with the strength of commitment this will always be done,
always avoid platforms that offer discounts and purchase goods in installments,

Everything should go in plan or someones does have the goals and targets that they do really have in mind so that they would really be that inspired on finishing those things.Unlike
into those people who dont have plans or dont set out those kind of targets which would really be resulting into those unplanned spending's but eventually be ending up
on having not able to achieve something in the end of the year.You cant really be that assure on what future you do have and on the things
that you are involving into.Always prepare for emergencies too.

This is advice with strong value. Riches can be very toxic and if there are no financial advisors wrong choice of investment can be made. Example, when Bitcoin reached its ATHs  many predicted it was going to hit new highs, but the reverse became the case and such scenario can affect how much a wealthy person is worth especially when they depend on crypto investment for their net worth.

the recent ATH really the example of a lot of newbies jump in directly to bitcoin its because they think it keeps going but they are wrong . The price drops and a lot of newbies crying in thr social media saying that the bitcoin is a scam. You cant really jump into investment if you dont have knowledge at all because that is a wrong move that lead you to big losses

The tips given by th Op I agree with them.I would like to add that - Do not gamble with money you cannot afford to lose. Don't purchase items you don't enjoy. You can't buy health, so don't buy things that will ruin it. Avoid making investments in something you don't fully grasp. It is advised to invest in a field you are knowledgeable about, and lastly, exercise caution when lending money to friends and family.

Save and invest. Saving alone is useless, but when you save and invest, you will have bigger chances to increase your savings because of the profits you can gain out from investing. Although you don’t need to invest all what you save, but invest only a portion which you think you are okay to lose. And invest with knowledge and skills so you will gain possible profits in the end.

^This belongs to financial management which you need to have a plan for everything you spend your money on.
Always separate your needs from your wants, always put priority on your need and your wants should not always be tolerated. Saving money and investing is the best thing to do, but that is not simple as that when it comes to investment, you should have knowledge of it before you invest so that you better understand what field you invest in. But saving alone won't give anything advantage to you, as an expert says, don't let your money sleep if you have, invest it wisely and let works your money for you.

I found that most comments that are against OP's argument are focused on rationalizing overspending. Here I am not offering any support to go against this but simply asking one question: behind spending with budget(plans) is a consistent discipline that benefit us through life, how come you just relate overspending to things that you truly like or want ? If you lack or lose that discipline, even you are rich, you will go broke sooner or later. Take Nicolas Cage as an example, early in 2000s, his earning from one single movie was over 10 or 20 millions dollars. He was super rich and yet, because of lavish lifestyle, he went for broke quickly and owed tons of money. In the last decade, he had to keep appearing in low-quality movies just to make money to pay his debts. I think those who agree with overspending are not rich and don't know how to manage finances either.

Even if you are on your OP you know that there is no perfect casino here cryptocurrency right? Almost all of the well-known casinos here that I have seen in signature campaigns weekly have only had issues that I have read, and most of them have been users on their platform whose problem was abusive.

And the others are still making up a story to destroy gambling that for them they were cheated and robbed, but the truth is that it is not really.

Rich or poor is like a mystery, today there are those who are rich but there is no guarantee whether a year or 10 years from now they will still be rich, and vice versa, people used to be poor but are now rich, if we pay attention in this life then many things seem to contradict this theory, maybe there are those who try to do everything to be rich but until now still poor.