MinerHQ
Legendary
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Activity: 1456
Merit: 1023
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October 05, 2015, 11:17:31 AM |
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You mean to say just by saving people can become rich? If one want to save more, first he/she has to find a ways to earn money how?
The statement is illogical, as you have pointed out. One will be able to save significant amounts of money, only if he is (comparatively) rich. Else, all his income will be eaten up by the expenses such as rent, food, conveyance, taxes.etc. So your telling only rich people are saving money is it? Over 70 to 80% people on this world is not rich but still they can save money but it how much is depends on their income. That means every one will save money based on their earnings.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Kaneki
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October 05, 2015, 11:47:16 AM |
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no need to go back to 2008 to begin to be rich, just start mining BTC from now
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RealBitcoin
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October 05, 2015, 12:04:51 PM |
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Your ideas are true, but imo the absolute point is luck. If you are pretty lucky, everything you do could make you be rich. Without it, almost the other ways are useless. I have heard about many friends of mine who had big capital money and make some innovate things in their business, but those were failed in the end.
Yep that is my curse. I`m an inteligent person, but i am awfully unlucky (sort of natural balance?) so even though I usually come up with good ideas, the implementation of it goes bust and I end up at square 1 always. I hope I can break the status quo once, but yes I agree with you, luck is a vital factor in the equation of sucess.
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neonshium
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October 05, 2015, 01:08:10 PM |
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From an old saying, earning will not make you rich, only saving will. It means, earning in bitcoin will not make you richer but not spending then bitcoin you earned will make you richest one in the world. How to be rich is not an easy task before bitcoin in my view. Now it's a possible if I save my bitcoins.
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Poppy
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October 05, 2015, 01:13:01 PM |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
One way to get rich is to buy only things you need. If you must buy things that you do not need, buy the one with the best quality.
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Falconer
Legendary
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Activity: 2506
Merit: 1124
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October 05, 2015, 05:32:23 PM |
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Your ideas are true, but imo the absolute point is luck. If you are pretty lucky, everything you do could make you be rich. Without it, almost the other ways are useless. I have heard about many friends of mine who had big capital money and make some innovate things in their business, but those were failed in the end.
Yep that is my curse. I`m an inteligent person, but i am awfully unlucky (sort of natural balance?) so even though I usually come up with good ideas, the implementation of it goes bust and I end up at square 1 always. I hope I can break the status quo once, but yes I agree with you, luck is a vital factor in the equation of sucess. lol I like your term, square 1 Well I think you havent found a golden opportunity or good timing to implement your ideas. Sometimes there is nothing wrong in ourselves, maybe it is from our surrounding or others. Just keep trying and good luck
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thinkinger
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October 05, 2015, 05:33:57 PM |
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From an old saying, earning will not make you rich, only saving will. It means, earning in bitcoin will not make you richer but not spending then bitcoin you earned will make you richest one in the world. How to be rich is not an easy task before bitcoin in my view. Now it's a possible if I save my bitcoins.
in other words : A penny saved is a penny earned.
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arnav95
Newbie
Offline
Activity: 56
Merit: 0
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October 05, 2015, 05:41:16 PM |
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I have a simple yet effective strategy that is proven because it worked for my grand father on my mother's side. Let's say in 1 month you make a bitcoin. Now save 10% of it and then pay your bills by the rest 90%. Your mind will always go on that extra 10% that you have kept aside to become rich to spend it, in that case you must tell yourself that you are in a recession and your company or government can only afford to pay you only this much. Now with that 10% you will invest them in a very very safe asset which gives an annual return of around 8-10%. And like this my friend you can end up becoming a millionaire.
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leex1528
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October 05, 2015, 09:01:22 PM |
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I have a simple yet effective strategy that is proven because it worked for my grand father on my mother's side. Let's say in 1 month you make a bitcoin. Now save 10% of it and then pay your bills by the rest 90%. Your mind will always go on that extra 10% that you have kept aside to become rich to spend it, in that case you must tell yourself that you are in a recession and your company or government can only afford to pay you only this much. Now with that 10% you will invest them in a very very safe asset which gives an annual return of around 8-10%. And like this my friend you can end up becoming a millionaire.
Well I agree you should always be saving, but when you invest, it is not guaranteed profit. You can definitely lose all that money you are investing. So what are your thoughts on investing? Safe asset? Even with a safe asset you can still lose, and say you are making decent money, 10% of your salary is not that much, it depends on how old you are if will hit a million before you retire. Lots of things to consider.
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Nocturne
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October 06, 2015, 12:32:51 AM |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
Well to get rich, I think is to invest, invest in studies, businesses invest in yourself and bitcoin is a pretty much good investment in the future.
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RealBitcoin
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October 06, 2015, 12:43:01 AM |
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Your ideas are true, but imo the absolute point is luck. If you are pretty lucky, everything you do could make you be rich. Without it, almost the other ways are useless. I have heard about many friends of mine who had big capital money and make some innovate things in their business, but those were failed in the end.
Yep that is my curse. I`m an inteligent person, but i am awfully unlucky (sort of natural balance?) so even though I usually come up with good ideas, the implementation of it goes bust and I end up at square 1 always. I hope I can break the status quo once, but yes I agree with you, luck is a vital factor in the equation of sucess. lol I like your term, square 1 Well I think you havent found a golden opportunity or good timing to implement your ideas. Sometimes there is nothing wrong in ourselves, maybe it is from our surrounding or others. Just keep trying and good luck Yep, its probably my attitute, i`m very pessimistic at the world, i need to change that fast. I hope i can get rich one day, so do many others here. In fact we are already ahead of the sheeple by just being in bitcoin ourselves. Bitcoin can be a golden horse too you know...
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chennan
Legendary
Offline
Activity: 1316
Merit: 1004
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October 06, 2015, 12:57:29 AM |
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I have a simple yet effective strategy that is proven because it worked for my grand father on my mother's side. Let's say in 1 month you make a bitcoin. Now save 10% of it and then pay your bills by the rest 90%. Your mind will always go on that extra 10% that you have kept aside to become rich to spend it, in that case you must tell yourself that you are in a recession and your company or government can only afford to pay you only this much. Now with that 10% you will invest them in a very very safe asset which gives an annual return of around 8-10%. And like this my friend you can end up becoming a millionaire.
Well I agree you should always be saving, but when you invest, it is not guaranteed profit. You can definitely lose all that money you are investing. So what are your thoughts on investing? Safe asset? Even with a safe asset you can still lose, and say you are making decent money, 10% of your salary is not that much, it depends on how old you are if will hit a million before you retire. Lots of things to consider. I mean, in this case, bitcoin in itself is technically an investment... so I would just think that he means that keeping the 10% of bitcoin would be in itself investing and the gradual rise in the price will then make said person a very wealthy man in the long run of things.
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Nidaleee
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October 06, 2015, 01:12:41 AM |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
To get rich is to have something money cannot buy well at least this is rich means to me.
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futurebit640
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October 06, 2015, 01:33:52 AM |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
One way to get rich is to buy only things you need. If you must buy things that you do not need, buy the one with the best quality. I think what you said is for how to save money from your earning not how one can become rich. Off course to become rich one must save money first but after saving then they have to find a way to grow the money to become rich. It can be their own talent or invest on some thing which can give good profit later on but to become rich one also need luck along with all these investments.
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Franciem
Sr. Member
Offline
Activity: 322
Merit: 250
Real power doesnt hit hard,but right to the target
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October 06, 2015, 01:44:09 AM |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
Well to get rich, I think is to invest, invest in studies, businesses invest in yourself and bitcoin is a pretty much good investment in the future. agreed with you invest your money at science and technology, Bitcoin basically is a technology of money, new feature of money, decentralization
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Nautiluss
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October 06, 2015, 01:58:14 AM |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
There are many ways to get rich one is to save up and invest and also it includes working hard because this is what it takes to achieve your goals.
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Franciem
Sr. Member
Offline
Activity: 322
Merit: 250
Real power doesnt hit hard,but right to the target
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October 06, 2015, 02:23:04 AM |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
There are many ways to get rich one is to save up and invest and also it includes working hard because this is what it takes to achieve your goals. do not forget prayer "struggle and prayer" is a unity that can not be separated i will choose plan what would you do, smart work then hard work
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Nasus
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October 06, 2015, 02:39:29 AM |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
To get rich it is good to invest and work hard, invest in bitcoins I know it is worth it in the end I mean in the future.
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Quinn
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October 06, 2015, 10:22:36 AM |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement [/quote
Getting rich involves careful planning and hard work. It most likely come from you making and owning your own business.
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Proxiebuier
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October 06, 2015, 02:42:11 PM |
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To get rich it is good to invest and work hard, invest in bitcoins I know it is worth it in the end I mean in the future.
im deal with it, you must invest your money at Bitcoin anyway how much you save your money everymonth ?
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