Wealth creation

[Fortify]

Wealth,security and freedom are not a result of what you do….
I can equally assure you that what you do produces income, but income can disappear overnight.

Wealth, security and freedom come from what you own,never by a paycheck or what you owe.
In my own view,wealth is not money rather money is just an instrument to measure and keep it going.
Wealth is simply the value that we create by production process.

For instance,if someone is able to create wealth without creating more value, and it must be at the expense of another source.
It’s been assum as a zero-sum game and has negative effects to economy,that’s absolutely a bad ideology.

The only way the average person is going to reach wealth and financial freedom is to start accumulating assets. Spending much lower than their income in order to invest for the future. Society is very much geared towards a spend, spend, spend attitude with people exposed to advertising incessantly. It takes a great deal of discipline not to overspend on unnecessary junk. Many people work hard their entire life, building up a pension pot and being happy to be free at 65+ years old, but it's much better if you can achieve stability before then. No disrespect to the older generation but you lose a lot of mobility and energy at that age, so having lots of money is almost offset by physical restrictions.

[bitzizzix]

Wealth,security and freedom are not a result of what you do….
I can equally assure you that what you do produces income, but income can disappear overnight.

Wealth, security and freedom come from what you own,never by a paycheck or what you owe.
In my own view,wealth is not money rather money is just an instrument to measure and keep it going.
Wealth is simply the value that we create by production process.

For instance,if someone is able to create wealth without creating more value, and it must be at the expense of another source.
It’s been assum as a zero-sum game and has negative effects to economy,that’s absolutely a bad ideology.

The only way the average person is going to reach wealth and financial freedom is to start accumulating assets. Spending much lower than their income in order to invest for the future. Society is very much geared towards a spend, spend, spend attitude with people exposed to advertising incessantly. It takes a great deal of discipline not to overspend on unnecessary junk. Many people work hard their entire life, building up a pension pot and being happy to be free at 65+ years old, but it's much better if you can achieve stability before then. No disrespect to the older generation but you lose a lot of mobility and energy at that age, so having lots of money is almost offset by physical restrictions.

Of course most people will become rich or get richer because rich people have many or several assets or investments and that's how they treat money to make money that will create sustainable wealth especially for the long term that will create a calm and peaceful life in retirement later. And they are very careful and considerate in spending their money so that the money is not wasted and does not buy things that are not needed, actually the ways of rich people are good if done before retirement arrives and it would be even better when they were teenagers with high discipline to generate greater profits when retirement arrives and this must be done in a balanced way and prioritize the future when we are no longer productive, even though we are still productive it would be nice if in our old age we have a calm, peaceful life in terms of finances and only focus on improving ourselves by maintaining health and doing good things for ourselves and others.

[Unknown Op]

Wealth,security and freedom are not a result of what you do….
I can equally assure you that what you do produces income, but income can disappear overnight.

Wealth, security and freedom come from what you own,never by a paycheck or what you owe.
In my own view,wealth is not money rather money is just an instrument to measure and keep it going.
Wealth is simply the value that we create by production process.

For instance,if someone is able to create wealth without creating more value, and it must be at the expense of another source.
It’s been assum as a zero-sum game and has negative effects to economy,that’s absolutely a bad ideology.

The only way the average person is going to reach wealth and financial freedom is to start accumulating assets. Spending much lower than their income in order to invest for the future. Society is very much geared towards a spend, spend, spend attitude with people exposed to advertising incessantly. It takes a great deal of discipline not to overspend on unnecessary junk. Many people work hard their entire life, building up a pension pot and being happy to be free at 65+ years old, but it's much better if you can achieve stability before then. No disrespect to the older generation but you lose a lot of mobility and energy at that age, so having lots of money is almost offset by physical restrictions.

Of course most people will become rich or get richer because rich people have many or several assets or investments and that's how they treat money to make money that will create sustainable wealth especially for the long term that will create a calm and peaceful life in retirement later. And they are very careful and considerate in spending their money so that the money is not wasted and does not buy things that are not needed, actually the ways of rich people are good if done before retirement arrives and it would be even better when they were teenagers with high discipline to generate greater profits when retirement arrives and this must be done in a balanced way and prioritize the future when we are no longer productive, even though we are still productive it would be nice if in our old age we have a calm, peaceful life in terms of finances and only focus on improving ourselves by maintaining health and doing good things for ourselves and others.

You are right, most wealthy people comes from a wealthy family look at the top like Elon musk he was rich before he had great education and whealthy community to like with he was surrounded by smart people, you will find wealthy people don't just transfer money to their upcoming generations but also the knowledge to stay wealthy, This is one of the reasons rich people stay rich and poor people stay poor, if a person wanna become he has to invest in the education first I am not talking about normal education I am talking about financial education this the one of many way a person could get out of poverty, other way is by saving money and creating assets, this is slow way but sure way we can achieve financial freedom.

[alastantiger]

You can create wealth from your salary but it's more productive when you invest in different streams of income not just your salary because when you do so you're cutting edge and creating a balance financial state, so in trying to diversify your income you need to invest in different areas be it real estate, stocks and the rest of them. Regardless wealth can be created in so many different ways but it needs a good planning system and alongside consistency.

You can't create wealth from your salary without investing it, the salary serves as a means to generate income to use as capital for any business or investment that you want to adventure into. Having a salary and relying on that salary alone is going to make you limited to one way of making money and that's active income that can only come when you work. To generate wealth you need passive income that come despite you being active working or not. Wealth is different from having sufficient money for your upkeep. You'll need money that can last you for generations to come before you can call yourself wealthy. Wealth come in many ways that isn't just about money because we have wealth in health too but for the money aspect of wealth, you need a lot of resources that comes from your investments.

[DanWalker]

You are right, most wealthy people comes from a wealthy family look at the top like Elon musk he was rich before he had great education and whealthy community to like with he was surrounded by smart people, you will find wealthy people don't just transfer money to their upcoming generations but also the knowledge to stay wealthy, This is one of the reasons rich people stay rich and poor people stay poor, if a person wanna become he has to invest in the education first I am not talking about normal education I am talking about financial education this the one of many way a person could get out of poverty, other way is by saving money and creating assets, this is slow way but sure way we can achieve financial freedom.

Elon comes from a middle-class family in South Africa, his family is not a super-rich tycoon family compared to the Gates or Warren families.
Elon built his wealth on natural talent, not just on family support. The project that changed his life was Zip2, he borrowed nearly $30,000 from his father to build it and then sold it to Compaq for $22 million and that was the turning point of his life. Moreover, there are also people who became rich without the help of their family, such as Jack Ma, who came from a poor family in China.

I agree with you education is the way to get us out of poverty and become rich, but we must have a comprehensive education, not just focus on finance and ignore other basic education. To have a chance to get rich, we need to combine basic education + finance, financial education alone will never make us rich.

[Pearl_20]

Well, wealth creation is like a long time goal cos it has to do with accumulation of assets over a long period of time. A wealthy man is someone who possesses significant and valuable financial resources which can be investments and owning properties.

A wealthy man doesn't have any financial constraints cos he knows there's enough resources to cover for his expensive lifestyle, travelling, pursuing your passion and that's the freedom that comes with it. Wealth creation is something that has been built over a long period of time, through hard work, consistency, making right choices even if you fail most time's and getting the right people at your corner.

[doomloop]

Elon comes from a middle-class family in South Africa, his family is not a super-rich tycoon family compared to the Gates or Warren families.
Elon built his wealth on natural talent, not just on family support. The project that changed his life was Zip2, he borrowed nearly $30,000 from his father to build it and then sold it to Compaq for $22 million and that was the turning point of his life. Moreover, there are also people who became rich without the help of their family, such as Jack Ma, who came from a poor family in China.

I agree with you education is the way to get us out of poverty and become rich, but we must have a comprehensive education, not just focus on finance and ignore other basic education. To have a chance to get rich, we need to combine basic education + finance, financial education alone will never make us rich.

Zip2? That sounds like a Zipper. But that was an impressive return he got there. Maybe for us we can say that no need to sell it but he thinks outside the box, resulting for him to earn even better. Not coming in a poor family is an advantage but it still boils down to us, as some don't also succeed because they still lack on something from within.

In terms of education, yeah, it is always the basic first before the other because how can we even read and write without them? For others, becoming good in finance can come along with the basic education and the rest that we do, see, or hear but if they want to improve more, it may be necessary to take education that is only specific to it.