If you want to be rich..!

[markdario112616]

I'd agree on this "Invest early" relatively it's really ideal or a good plan to start at an early age. But, I know people or individuals who work for 10-5 and they are successful (well, they're rich). TBH, working and spending habits are a factor. Nowadays (Personal opinion), I find working hard is not working anymore and it's just making a person exhausted. Working smart is way more intellectually considerable, since no matter how hard you work but you don't have any sort of organized plan or anything, it's worthless.

[gabmen]

When someone want to be rich they can't make it possible by working 10 to 5  everyday,so what are the things we have to do to make ourselves rich at the right age.

We need to have more income sources like four or five different fields to ensure our constant earnings even if one or two things get us into losses temporarily.Make your investment as early as you can then only you can start making money and remember to save it.

On the contrary, it is very much possible to become rich by working 10 to 5 if you plan it right! Having extra income source is definitely a cherry on the top of the cake. But when someone says, we can't become rich by working from 10 to 5, I only see a pessimistic person crying foul over his own fate!

In the project management field, we often make a statement - "Plan your work, work your plan and your plan will work". This statement is more true than you can possibly even think! A perfect and realistic plan always works! Yes, there will always be hiccups but the end goal will always be met if we stays on track! Start investing at early age is one of the key to become rich at right age! It is very much achievable from a 10 to 5 job!

Well it's not the same for all of us of course. Some do get rich by climbing way up the corporate ladder while some have the skills to be successful in whatever venture they invest on. Though i agree that having multiple sources of income plus the mentality to save for the future can be a very good step towards any goal.

[Hannahanto]

With my experience, i would say, trying with multiple business to gain profits would not bring 100% result out  then effectively concentrating on one business and getting  100% result.  But yes, it differs from individuals. One might be more skilled and smart enough in achieving results from too many business at once. But, this may not work with everyone especially in the current competitive world.

[TIDOVEE]

Yes, you have to be smart but some people will have to work really hard first because all fingers are not equal. Getting fund to start a business is important. Starting small is also good. And in this country some smartness are just been dubious. And that should be noted.

[Findingnemo]

Being smart alone doesn't secure yourself into being rich. I know a lot of smart people who are still making ends meet up to this day. I know a lot of class cum laude but never made it to five-figure salaries or even found something that'll make them rich. Being smart without imagination is pretty much only restricting a person within the confines of their field, making them intelligent on paper but it ends there.

Spending habit is also one crucial thing that greatly separates rich people from the poor and middle class. Spend money on what you only need, invest a portion of your income and allocate something for emergencies and savings. A good allocation of income on necessities is one way of being financially educated.

Don't ever get credit cards as it will, for sure, urge you to buy things that you don't really need. Rely solely on your means and try to not overindulge on things that will depreciate its value over time.

Lastly, invest more, save less, especially if you are in your early 20s.

Working for someone doesn't meant to be smart,being smart is making profits by what we have.Even the poor people can make profits which is way better than working for someone.

You can't have 4-5 different sources of income, that is stretching the system too thin, if you mean stuff like 5 different stocks that works but if you mean something like stocks plus crypto plus 3 more things than you are really thinking people have enough money to actually invest into 5 different things.

One of the problems of our generation is that we barely have enough money to live as it is. For example I have to keep working tirelessly just to make ends meet and I have barely have enough money to invest into bitcoin which I know will not any different, I need to see bitcoin go to a million dollars to maybe have a chance to buy a house to begin with. So, saving and investing is not an option for many of us let alone invest into 5 different sources of income.

That is the problem if you can't manage to make cash flow from many side and if you can't even save any money by working hard then you need to change your activity by understanding What is liability and asset then only you can save money and then can reinvest those savings onto something else to create more opportunity of making money.

[Coin-Desk]

Yes, I agree with you To be rich, at least four to five income sources are needed. One or two earnings cannot be rich from the source. Because if there are one or two income sources, if one goes missing in some way then many problems have to be read. So if there are four to five earning source income sources then there is no problem even if one or the other loss is done because the remaining four sources can be compensated by the loss. And the hard work needs to be earned in earning. Some good sources of cryptography are Cryptotrading and Forex Trading I think it's very quick to get rich from these two.

Thank you

[o_e_l_e_o]

Don't ever get credit cards as it will, for sure, urge you to buy things that you don't really need. Rely solely on your means and try to not overindulge on things that will depreciate its value over time.

This statement is both wrong and right.

Credit cards are great. I have several, and almost every purchase I make is on a credit card. I have one which gives me 3% back on all gas. I have another which gives me 2% back on all groceries. I have another which earns me reward points for almost everything else, which I can then exchange for money off vouchers at various stores. However, (and it's a big however), I live entirely within my means and pay off all of my credit cards in full each month. I have never had so much as a cent of credit card debt or paid a cent of interest on my purchases.

My credit cards make me money and cost me nothing. If you are sensible, pay them in full each month, and aren't tempted to max them out on things you can't afford, then credit cards are a great tool. You just have to be smart about them. In addition, paying off credit cards in full each month is a great way to build your credit rating, which is really important and will help you get a better deal when it comes to getting a mortgage.

[kodtycoon]

being rich working every day is right mate, investing is a parttime job that requires capital. without working we do not have capital except from the inheritance of parents, work diligently and have special expertise in their fields will collect a lot of money. i you want to be rich don't waste it your money

[daarul50]

The right way to get rich is to work hard and the results of your hard work should not be used entirely, set aside a little from the results of your hard work to save or save because these savings will make you rich.

[Harlot]

Most of the people are not born rich so they have no way to build up money but working a 8 to 5 job. But the problem here is that most of them will always think that having a job is the only way have money, they don't think that they can do anything else to be out of it which is the wrong idea. If I am an employee I'll look at my job in a different perspective, I'll look at it as a training ground where I'll gather a lot of experience while I am saving the salary I have to build my own business in the future. The best thing about having a job of course is building up a lot of connections with like-minded people who you can partner up with your business idea, that's the route I am hoping to be in once I have the right amount of money in order to be free with my time.

[sheenshane]

The right way to get rich is to work hard and the results of your hard work should not be used entirely, set aside a little from the results of your hard work to save or save because these savings will make you rich.

Hard work is nothing if you don't have to invest or build a business you won't be rich.
I think this photo is will talk too much to get you to understand what is different or work hard you've said.


"If you don't find a way to make money while you sleep, you'll work until you die".
                            -Warren Buffet-

[kaya11]

It is right to say we cannot reach the goal of being rich in terms of working hard, but it can be the reason why. For instances we don't have the capital to bring out our own business. In the present time we can hardly get some money without working. Most of the time we borrow, sad to say we can't borrow or loan with out collateral even so we don't have that sort of thing. We can borrow from relatives but most certainly we will be disappointed: only little amount of borrowed money or discarded by our own. So we will still go back to the first one with working and earning to save and build your own business. It takes time unless you are born with luck or literally born from a decent family with the means of financial capabilities. It is hard to think right? So when would be the right time or age to start working? As early as possible, But you will have a hard time to earn degrees(college) to go to certain firms that pays decent amount of money. It is very hard and frustrating right? That is how the world works- don't you know most of the rich guys out there have made it easy? Unless they did some dirty stuffs like killing or stealing from others wealth.

[arpon11]

When someone want to be rich they can't make it possible by working 10 to 5  everyday,so what are the things we have to do to make ourselves rich at the right age.

We need to have more income sources like four or five different fields to ensure our constant earnings even if one or two things get us into losses temporarily.Make your investment as early as you can then only you can start making money and remember to save it.

I have read many financial information and motivational books and in summary to be rich you must be skillful in other to be able to know the right time and levels to invest and the right time to get out of investing.  Many rich people always analysis an investment opportunity before investing and some do have to do a lot of speculations and take high risk.  There is know way you can became rich without risk taking and it is your level of risk tolerance that show the level of your prosperity financially.

[peonminer]

What are your suggestions for widening our sources of income? I agree this is what must be done to expand you horizons and become financially fit.

Things like investment properties, crypto, dividend stocks, and side jobs are all good sources of income.

[Oceat]

If you lived around a third world country, so definitely working 8 hours a day will not be sufficient to get your rich because I'm sure with the high cost of living all your salary will be just be going to your bills. I've been there, so I know what the OP is saying. So for me if you really wanted to be financially stable or at least have a financial freedom, you need to invest. And what better investments you will enter depends on you. As we are here in crypto then of course for us this is the best. And add a little patience (next 2-3 years), it's possible that we can profit and gain when the next bull run occurs.

I support on this since third world country has not enough opportunity to become rich with the right age that's why most people from the third world country go abroad just to seek their destiny. You can't get rich if you were just working 8-12 hours a day on a third world country, but for some business minded people, it is not that easy too to get rich.

[Aikidoka]

I agree with you mate, To be rich you should be smart first, and to be smart, you should know how to earn more money with a less time and to not waste your valuable time to earn such a few bucks. I don't know why some people still using faucets or some shitty games to make some few dollars, or even they invest in cloud mining sites are going for high risks in gambling.

Anyway, as the OP said, people should increase their knowledge and learn a lot of things to be able to have 4 or 5 or maybe more incomes at the same time and with less work.

[adzino]

Your post makes no sense at all! I don't even see any valid suggestions. Just saying "do 3 to 4 different types of work" won't make you rich. If you do 3 to 4 different kind of work and they pay you shit, then you would end up being just an idiot who works 24/7 to earn next to nothing. You could do one work and become rich. It all depends upon your dedication. Less work and more money is something we all appreciate.

[playboy654]

Probably more than working very hard, the smart work always been successful in most of the time because the pre-planned things will just happened with the flow of the outcome that we are giving it so planning previously is also be and smart work for my opinion so it can be here right statement also.

[Indrawan77]

I think you still can be rich by working 9 to 5, if you owned a business and you run it from 9 to 5 then it's possible to become rich, you need to be work hard and be smart, start to invest from early stage, by investing you will have another source of income and to become rich you need to find passive income, when you make money even when you are sleeping then you are on your way to become rich

[lutfi-hasan]

Wealth comes from hard work and continues to fight against laziness, so if you want to be rich you have to work hard and keep trying, never complain under any circumstances.