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Author Topic: Beliefs about money and wealth  (Read 2174 times)
brukva
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August 19, 2018, 05:56:01 AM
 #521

Everyones hasn diferent beliefs about money and wealth. See for example 35 different ways of thinking about it here:
https://daringtolivefully.com/powerful-beliefs-about-money

One famous author, not my favourite, yet an influential one is Robert Kyosaki. In his book "Rich Dad, Poor Dad", he examines two different beliefs and states that those believes will shape your success.

What of these do you agree with? What other beliefs do you have about money?

1 - Millionaires are greedy, that is why they become millionaires.
2 - Company managers just want to use the workers to make themselves rich and others poor.
3 - Having money is a question of luck, if not of "gods grace".
4 - Debt is always bad.
5 - To make money, you just need to have a great idea nobody thought off.
6 - Cryptos are the way to make money and be successful without having to put effort into it.
7 - To become rich I just have to believe in Bitcoin because many people have become rich doing that.
8 - To become rich I just have to be more clever and streetwise than everyone around to get my share of the cake.

Your turn to think ...

(EDIT: These are NOT my beliefs, at least not necessarily, is just a list to think. Is not the list by Robert K. either.)

Big money should not distort a person, but should help to become more confident.
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August 19, 2018, 06:35:29 AM
 #522

Everyones hasn diferent beliefs about money and wealth. See for example 35 different ways of thinking about it here:
https://daringtolivefully.com/powerful-beliefs-about-money

One famous author, not my favourite, yet an influential one is Robert Kyosaki. In his book "Rich Dad, Poor Dad", he examines two different beliefs and states that those believes will shape your success.

What of these do you agree with? What other beliefs do you have about money?

1 - Millionaires are greedy, that is why they become millionaires.
2 - Company managers just want to use the workers to make themselves rich and others poor.
3 - Having money is a question of luck, if not of "gods grace".
4 - Debt is always bad.
5 - To make money, you just need to have a great idea nobody thought off.
6 - Cryptos are the way to make money and be successful without having to put effort into it.
7 - To become rich I just have to believe in Bitcoin because many people have become rich doing that.
8 - To become rich I just have to be more clever and streetwise than everyone around to get my share of the cake.

Your turn to think ...

(EDIT: These are NOT my beliefs, at least not necessarily, is just a list to think. Is not the list by Robert K. either.)

There are many all kinds of statements about money.  The most important thing is to be clever and sensible in terms of not earnings, but in terms of saving money.
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August 19, 2018, 06:45:16 AM
 #523

I think being rich is not lazy. Means people who always try hard and think of ideas about how he manages his finances. And added to the luck factor of the person. Money and wealth are only temporary. And surely we will all lose it. If you have become rich, you must keep socializing and not be arrogant

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August 19, 2018, 07:20:17 AM
 #524

Those who participate in the cryptographic market always have confidence and expectation in the market, while the current market is constantly falling, we should focus on holding, do not rush.

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August 20, 2018, 06:51:48 AM
 #525

I think some of these points are absurd and fanatical. without giving all the items is not correct. for example, the debt is not always bad, but if you do not know how to use it, it is easier to say that the debt is bad, etc.

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Grimjule
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August 20, 2018, 07:05:49 AM
 #526

I also read this book. It's just a great book that can change your financial worldview. An important statement from the book is that money is just a tool for achieving goals. The rich are not bad people, they say in the book, among the rich there are a lot of good people. The main difference between rich people and the poor is that the rich buy assets

The main difference between rich and poor is that they buy assets? That follows from the definition of richness - people who have money of course are expected to buy assets.
Not all rich people are the same - sometimes, the source of wealth also plays a role. People who inherit wealth will act differently from those who have worked hard to accumulate wealth.
Thats true that wealthy people can become more wealthy in bitcoin also as they have more fiat to buy more bitcoin and any profit will be more distributed to those who have invested more.
andika2018
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August 20, 2018, 07:24:06 AM
 #527

Sometimes not all debt bad for us. If we can use debt for productive activity, debt will be usefull to increase our wealth. Most peoples afraid to speculate and creating their own bussiness because they afraid making debt but if we can use debt with more wise, i am believe debt will help us to improve our bussiness

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August 20, 2018, 07:44:20 AM
 #528

What makes us wealthy is our money but it does not mean that what always brings us more money is our wealth. It is because money can buy wealth (properties) while not all of our wealth (properties) can turn into money. However, either there are real difference or no difference between the two, it is agreeable that moeny and wealth are the things that makes the world go round. Money and welath may either make you or break you. It is because money and wealth brings change on how people look at things and sometimes, how they treat people. It might be good or bad, but what really is sure is that most of the time, your worth and value for some is defined by how much money and wealth do you have. On the other hand, my belief may not be applicable for some as we all have different perception and perspective.

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August 21, 2018, 01:54:26 PM
 #529

yes,i think much better everyone have a good health even if without money much better your health is ok theres no sttress.  But i dont think to other's if can't leave without money.
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August 23, 2018, 12:42:45 PM
 #530

In this era with the help of Bitcoin we have all a chance to earn a lot of money just dedicate time,patience and effort pretty sure our life will be wealth and secure.
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August 23, 2018, 01:46:49 PM
 #531

It might only give me stress rather than relaxation in life.
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August 23, 2018, 05:34:18 PM
 #532

You have wealth because of money.., hardwork is best described for having a wealth or money .. you must have a sincerity and perspective if u want to have a wealth in the future. Wink Wink
coly20032003
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August 30, 2018, 04:59:41 AM
 #533

I do agree with this one "To make money, you just need to have a great idea nobody thought off". If you have some unique idea, you should really plan it out and use it to generate money and wealth for you. Also, idea is not the only thing, you need to action on your idea and make it come true.

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August 30, 2018, 01:30:34 PM
 #534

Everyones hasn diferent beliefs about money and wealth. See for example 35 different ways of thinking about it here:
https://daringtolivefully.com/powerful-beliefs-about-money

One famous author, not my favourite, yet an influential one is Robert Kyosaki. In his book "Rich Dad, Poor Dad", he examines two different beliefs and states that those believes will shape your success.

What of these do you agree with? What other beliefs do you have about money?

1 - Millionaires are greedy, that is why they become millionaires.
2 - Company managers just want to use the workers to make themselves rich and others poor.
3 - Having money is a question of luck, if not of "gods grace".
4 - Debt is always bad.
5 - To make money, you just need to have a great idea nobody thought off.
6 - Cryptos are the way to make money and be successful without having to put effort into it.
7 - To become rich I just have to believe in Bitcoin because many people have become rich doing that.
8 - To become rich I just have to be more clever and streetwise than everyone around to get my share of the cake.

Your turn to think ...

(EDIT: These are NOT my beliefs, at least not necessarily, is just a list to think. Is not the list by Robert K. either.)
I think the second statemeny can be seen in the current situation of workers. Those capitalist just think of theirselves and they also think that workers are just object. The last statement is also the thing I agreed to as I think being rich isn't something that just go out instantly, it takes a lot of effort hardwork and I think being clever is one of it.

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August 30, 2018, 02:22:21 PM
 #535

many ways to make us rich. in a good and honest way or in an evil and fraudulent manner. it all depends on ourselves. and the key to being rich is to work hard, be patient and never give up. if we look at money and wealth is not our purpose in life and we can be happy even though we are not rich. so that money for me is not everything as long as my life is fulfilled and I can buy what I want and make my closest person happy is enough.
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August 30, 2018, 03:15:12 PM
 #536

of course everyone has its own beliefs and thinking but i don t believe that money can make you wealthier or sthm like thatevenhough those that think that i have money i can make whatever iwant.




I think it's important to have money in every country because this is the number one thing we need to use. If money is lost as a cost, a problem occurs within a month. But when you love money it's not good because it can ruin your life maybe you can go crazy because money is just something we can use and this is temporary.
Some people say that Bitcoin is important throughout the world, maybe it's true. We need money to buy clothes, buy food, and buy everything we need.

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August 30, 2018, 03:35:49 PM
 #537

Yes if we work hard we became rich and successful in our life. It seems to me that the definition of success is-appear in the right place at the right time. As for money and wealth, I want to say that this is a multifaceted issue. For someone to have a car is wealth and for someone to have a lot of friends is wealth. And there is never enough money.
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September 08, 2018, 03:10:06 AM
 #538

I suggest you must try it if you still didn't give it a try. And lastly not all millionaires are greedy, they're just know where to invest and knows how to manage their money wisely.
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September 08, 2018, 04:02:40 AM
 #539

Sometimes not all debt bad for us. If we can use debt for productive activity, debt will be usefull to increase our wealth. Most peoples afraid to speculate and creating their own bussiness because they afraid making debt but if we can use debt with more wise, i am believe debt will help us to improve our bussiness

This is true. Debt for consumption is a strict no-no, while debt for productive uses may be good. Even when debt is used for productive uses, say financing an asset, you have to look at the rate of return on your asset. If the rate of return on asset is higher than the cost of debt, then your overall wealth increases.


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September 08, 2018, 02:14:23 PM
 #540

Sometimes not all debt bad for us. If we can use debt for productive activity, debt will be usefull to increase our wealth. Most peoples afraid to speculate and creating their own bussiness because they afraid making debt but if we can use debt with more wise, i am believe debt will help us to improve our bussiness

This is true. Debt for consumption is a strict no-no, while debt for productive uses may be good. Even when debt is used for productive uses, say financing an asset, you have to look at the rate of return on your asset. If the rate of return on asset is higher than the cost of debt, then your overall wealth increases.

Debt that is used to create future economic growth is how total overall wealth grows. Money is just a representation of wealth, and wealth is a function of all the goods and services an economy produces. If someone can create new products or services that the market will support by borrowing excess capital that has been saved by someone else through their own economic production, the economy as a whole grows and is better off.


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