I had already drafted these responses to
(3) posts, and I was going to post the responses in the thread that is referenced in each post, but that thread got locked (who would-a-thunk?).
So in accordance with my theory that " 'we' can post almost anything in this here thread, so long as it is not about shitcoins," I am posting my
(3) responses here.. whether anyone wants to respond futher to any of the ideas contained therein or not... that be up to uie-pooie(s)...
****note that I would not have even posted these here if I had not already drafted them, and usually I do not follow threads that are locked. (1) I think I learned the best financial secrets in later which were all clearly in my sight but I was blind to see. First one is to use debts wisely to leverage your position. With good timing you can secure your future through real estate investments by being little bit indebted. Second is to always keep saving no matter what people say. If you spend a lot to buy unnecessary products you are selling your life away (let's assume you are laborer). First thing to do is to exit labor and generate money. Always.
In conditions like this, maybe for some people it can be done but when talking about debt if we can't do it well then in my opinion it's better not to do it.
For some people,
debt may be maximised with some careful calculations so that their living conditions are better but on the other hand it can also be a double-edged knife because if it is wrong in allocating the loans made, this can actually kill yourself.
I don't have a problem with this kind of strategy, but if there is another strategy by not using loans then I think it is a good choice.
It seems to me that you, Raflesia, are framing the loan/debt matter in a kind of strange way, because it seems to me that debt/loans are not necessarily used in any kind of a direct way to make the living conditions of anyone better (even if indirectly there could be some ways in which the use of debt has that result), but instead, it seems that a better way of framing the question of debt/credit is in terms of if the debt/credit is going to allow for some kind of an investment that returns greater value or even creates opportunities that would not otherwise exist..
...so maybe if the question of debt/credit might be framed in terms of investment debt versus consumption debt, and the use of debt for investment is a good use of debt (but still needs to be prudent and to have understandings about how much it is costing to get the money in advance); however, there are a lot of people who engage in consumption debt, which is much more difficult to justify as being prudent - unless maybe the person is going to die anyhow or something like that, and they want to figure out ways to consume before they actually have the money.. or another possible way to use consumption debt in a reasonable way is that if there are really strong chances that the amount of money coming in later is for sure going to arrive and the money coming in later clearly and unambiguously covers the debt (including the cost of the debt), then in those kinds of cases, it may be prudent and/or acceptable to use consumer type debt.
Investment debt is way easier to justify, but still there sometimes may well be circumstances in which it is not wise to employ debt for investments - and a lot of those have to do with both how solid the investment is and also considerations of the loan terms and the abilities to pay the loans in the event that the investment does not perform up to expectations (which the possible variable outcomes should be included in the calculations regarding whether the investment debt should be entered into).
(2) I totally agree that in the process of becoming rich, it certainly takes discipline to make it easy to become financially stable.
This statement reminds me of the good ole proverb:
Question: How do you become a millionaire?
Answer: Start out with 10 million
In other words, which one comes first? becoming rich? or becoming financially stable?
It seems to me that there is a kind of symbiotic relationship between financial stability and becoming rich, which means that the ideas/practices feed upon one another, and largely even if you are not rich, you likely need to employ strategies to make yourself financially stable which will both cause you to feel rich and thereafter to contribute towards your having much greater chances of becoming more and more rich with the passage of time and with the ongoing persistence of behaving in financially stable ways.
(3) It sounds simple, but I want to ask if any of us have become rich? I don't think anyone here is rich because if we were rich we wouldn't be here.
Whoaza!!!!! That's quite presumptuous, and even if there were some objective definition of "what is rich," considering that rich people would not be active in a forum like this seems a bit much... but hey, you can believe whatever you want, even if it is pretty logically incoherent and also based on weak speculation, at best.
In my opinion, we should not teach someone how to get rich because we ourselves are not richer than anyone.
That's another pretty dumb and/or lame assertion.
Another related point concerns whether there are any values in sharing ideas/opinions in a forum like this? Maybe none of us should be posting at all because our opinions don't sufficiently matter because we do not have enough status.. including that a large number of us are pseudo-anonymous, and even the stories that we tell about our lil selfies may or may not be true.
Take everything that you hear on the interwebs with a certain grain of salt, including that you are completely responsible for your own decisions to act, or not act based on information that you get from internet sources, including this forum and/or these forum members, including but not limited to yours truly.
And in my opinion, there is no recipe or secret to getting rich.
After you said all of that, your opinion does not seem to have much value, now.
If we want to be rich, we just need to do one thing, that is to work hard and think of our own path because each person will have a life, a separate path to go, no one is the same.
There is nothing really disagreeable with these ideas of yours.
OP's question is pointless and any answer that teaches others to get rich is also pointless because we are not rich yet so we cannot teach others.
Your repeating yourself, which is also mostly pointless.. but maybe you are repeating yourself because you want to emphasize something that you already said. I suppose that might be helpful for people who did not hear your nonsense the first time.
Second: It's unlikely that a formula that works for us will work for someone else. So find your own path to success.
That's a fair point.. but should we listen to you? since you said that we should not listen to anyone posting in this thread?
Poll
