Wealth without a business

[passwordnow]

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

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

[Sjkah]

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

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

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

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

[Olatundespo]

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

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

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

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

[harapan]

         However for the case of people earning salaries, do you think there is a way they can be really rich without owning a business and or is it compulsory for one to be own his own business

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

[nara1892]

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

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

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

[pusaka]

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

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

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

[Eternad]

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

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

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

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

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

[eightdots]

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

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

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

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

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

[WatChe]

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

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

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

[Adams0001]

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

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

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

[Woodie]

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

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

[noormcs5]

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

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

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

[Marvelockg]

         However for the case of people earning salaries, do you think there is a way they can be really rich without owning a business and or is it compulsory for one to be own his own business

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

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

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

[ShowOff]

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

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

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

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

[TopT3ns]

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

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

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

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

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

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

[ASloveapg]

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

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

[pusaka]

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

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

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

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

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

[ASloveapg]

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

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

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