What do you think increases your chances of wealth?

[TheUltraElite]

To increase your chances of wealth - you need a job and decent paying one, for that you need a degree and skills. So work on that first if you are in your younger stages of life or invest in your kids education for that if you are in the older stages of life.

With inflation every other asset will end up performing bad, but you cannot control this and hence keeping different assets in your control is what you should do.

Bitcoin can be one of those assets but do not forget the traditional assets, they are more likely to be available and easy to acquire in your country.

[ndutndut]

To increase your chances of wealth - you need a job and decent paying one, for that you need a degree and skills. So work on that first if you are in your younger stages of life or invest in your kids education for that if you are in the older stages of life.

With inflation every other asset will end up performing bad, but you cannot control this and hence keeping different assets in your control is what you should do.

Bitcoin can be one of those assets but do not forget the traditional assets, they are more likely to be available and easy to acquire in your country.

Yes, that's right. To increase wealth, of course by continuing to learn and continue to hone the skills you have so that you can earn more than one income. And you have to dare to get out of your comfort zone, because most rich people always dare to do something new. Early education is also an important factor in being able to manage finances well.

Most of the rich people I watch when they tell their stories in the past, and I have drawn some conclusions. No one gets rich from their cash flow, but most of them get rich from the value of their assets that suddenly skyrocket. For example 10x or 100x. So most rich people get rich because the value of their assets suddenly skyrocketed because of investment. So to create wealth in the future, you have to invest, investment does not have to be in the form of bitcoin alone but traditional investment is also important so that the collaboration of these two assets will create wealth in the future.

[doomloop]

Hard work, luck, and being a bit smart. If you are a smart person who knows what he should do, work super hard and also after you worked hard, you get a bit of luck that goes your way too? Then you are going to be rich.

I have seen insanely smart people, who are lazy and fail, I have seen people who work hard but not smart enough to run a business, I have seen people who are super smart and worked hard, but then fires broke out in California (where he was) and all of his business was gone (thankfully insurance covered most) so there can't be really any of these missing. You need brains, grind, luck and without even one of them you are going to end up with plenty of trouble. So we need to make sure we do our part, which is hard work and brains, then luck is out of our reach.

You've put it the right way, and I actually agree with you with just an addition, but I think it's also covered in what you just said. I believe wealth comes with success, and success can only be achieved if the right opportunities are not wasted and acted upon at the right time. If you are smart and hard working, you will surely get opportunities that might change your life, but you should be smart enough to understand the potential behind those opportunities and use them in the right way because working hard but not on the right things is useless.

Some will say education is the most important thing for someone to become wealthy and successful but I don't agree because there are countless people who are running companies and businesses and are millionaires without even holding an official academic degree. So education might be important, but it's not the most important thing, the most important thing is to act upon opportunities at the right time, and making the right decisions at the right time.

[Obulis]

To increase the chances of wealth?

First thing first... Which is a chance or an opportunity to earn on a regular (whether employment or business)
Then the next is decision to be wealthy which goes with discipline and can otherwise be generalized as financial literacy.
Discipline or decision to be wealthy only hits a specific aspect of this financial literacy which encompasses so much. Ranging from decision of being wealthy to knowledge of any area or areas of the economy that will give these opportunities. Then wealth flows, however not without economic ups and downs..

[Botnake]

The best option for me is to invest both in digital and tangible assets. That way, aside from diversifying my investments, I will also gain multiple profits if both of them will work and progress continuously.

Now, aside from setting up multiple streams of income, it’s good to always stick with the basic, manage your finances well and live within your means. That way, you can save a lot for your future plans and investments.

[MarjorieZimmermanGinger]

The best option for me is to invest both in digital and tangible assets. That way, aside from diversifying my investments, I will also gain multiple profits if both of them will work and progress continuously.

Now, aside from setting up multiple streams of income, it’s good to always stick with the basic, manage your finances well and live within your means. That way, you can save a lot for your future plans and investments.

The same thing also occurred to me because investment is one way to gain financial independence as long as people have good knowledge in running it compared to building a business that may take a long process to achieve success. In this case, I tend to use investment to achieve financial independence because now there are many opportunities that we can achieve in investment.

Investment in tangible assets can be interpreted at the stage of buying gold or being involved in buying land or real estate, but it takes a little more capital to start so that for some people who don't have money it will be very difficult to start and the most likely thing to do is invest in crypto such as buying bitcoin in the amount he can afford.

[EarnOnVictor]

This article leans on investing, which is good, but don't forget that investing could be risky too, and the advantage the wealthy people have is not what everybody has. That advantage is why people think they are better, but they are not.

Again, our earnings matter so much, so I don't blame most people, they are willing to put their money to work to make more money, but how does the person with a family of 3 earning $1,500 monthly, with monthly bills of $2,000+, invest? Even in moonlighting, many people will still not have the advantage of the rich/ financially free people.

[passwordnow]

We see the example of it. From Venezuela to Zimbabwe and other countries that have high inflation or are experiencin hyper inflation. All are learning from it and even citizens from those countries are adapting the situation that they are. It is that we improvise and we're bound to survival and we have that instinct so salute to those citizens that are in that situation and yet, they're doing their best in all of their capacity to still live a better life despite of the challenge economically that their countries are experiencing. One has to learn that having assets is the best thing to learn and to have to make our lives better. Fiat is continually printed by the governments because they think it's a way to solve inflation but it is on our cost and expense.

[ancafe]

Cash is like an ice cream on a hot summer, it melts away while you’re not looking or even right in-front of you.

The typical example that really illustrates this scenario is the “Inflation” which represents “Sun”. To ground it up……

Some people do not realize that the fiat financial system has many problems but we are forced to use it because it is legal and regulated. Why do many rich people not keep large amounts of cash because they realize that money does not make them rich. Inflation and economic crises will make the money we hold worthless so that to save it requires thinking about placing money so that it is safer and more productive.

Gold and bitcoin can be the solution because both have been tested by time and now we can see the power of both can surpass many things that exist. There are many examples that we have seen so taking opportunities to achieve wealth must be based on the opportunities and accuracy that exist.