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Author Topic: FOLLOW THIS RULES TO BECOME RICH  (Read 999 times)
blockman
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October 01, 2020, 08:16:23 PM
 #21

Rule 21
If the investment has a good manager and a low return then the investment is a bad investment .
There are people who can't take many risks in investments. They are conservative in investments that's why they're only looking to invest in those low-return investments and they can't cater high risk, high reward investments. The positive side, they are investing and with that little risk they take, there is a big possibility that sooner or later they will go and upgrade to take higher risk investments. Just like those mutual fund investments that are being managed by a fund manager.

Rule 12
Create contacts and educate yourself

Rule 22
Invest in people and their skills / qualifications .
Yes, having a network is a big thing and I'll combine the two. You invest in your skills too, in the pandemic crisis, the rise of jobs online have increased in demand for skilled people.

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October 01, 2020, 09:45:31 PM
 #22

I don't know why some people are complaining about the rules. Some of the rules are true to be done if you want to be rich. Although they are not dominated, they can support each other. I know that being rich is various depending on how people think about the definition of "rich". But, as long as you enjoy your life and get everything you want, some people also feel that this is part of being rich.

-snip-
You are right that human needs social activities. But social activities are not only done by involving those things. Here, it will also depend on how you think about it. But in my opinion, if we are not involved in that 14th rule, it will save more your money. But if you think it is no problem, you can just run it.

Too many rules that you make for someone to be rich.  Even I don't see these rules in those who are rich and even crazy rich.  Those who are rich today are only those who have worked hard and are fortunate far more than the poor...
It only runs in several rich people only. But as you know, being rich is not only because they are a hard worker and also fortune. If they work hard and fortune but they can't manage their income an outcome, and also spend their money on many things unnecessarily, they will end up in a bad situations. So, I think that the rules are not wrong.

R


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October 01, 2020, 10:01:55 PM
 #23

Main thing missed on that list:

working for someone will never make yourself rich, work for yourself which will make you better person depends on how hard you are working. Smiley

Don't spend, just invest.

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smartcontracts100 (OP)
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October 01, 2020, 10:16:21 PM
 #24


Pretty bad, both his accounts are red tagged, his businesds ventures are, oh, see for yourself, so rather than giving advice he should start asking for.


When you accuse someone of something ,you better have proof ,by the way the mall is just a discussion as nobody in this forum has 1 million usd for start up ...nobody is asking for money or to invest ....question there is would  you invest ....

The red flag is created by Lauda gang ...you will find more info about them in reputation area or here : https://bitcointalk.org/index.php?topic=5226757.0

They try to scam people for money  ,also they flag anyone that don't want to use their escrow services .

@stompix is part of The SpamBusters Gang  ,it's same gang  Lauda

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October 01, 2020, 10:20:37 PM
 #25

Main thing missed on that list:

working for someone will never make yourself rich, work for yourself which will make you better person depends on how hard you are working. Smiley

Don't spend, just invest.
You wont really get rich if you do have that 8 to 5 dayjob unless if you do consider on having other options like investment.Working hard is commendable but it would be always ideal if you do consider on working smart as well.
I do also disagree with some points or rules stated on op about smoking and drinking.Its never been always a bad thing if it would be done in moderation.We should at least enjoy things in life without restricting too much of our freedom on doing things just because you are aiming something.It would be really just a boring life for you if you do have this kind of set-up or mindset.Just be smart and do things that will really be at your advantage.
Getting rich isnt really a thing that can be achieved overnight and this would really need a lot of effort and time for you to work on before reaching out this state.

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October 01, 2020, 10:59:54 PM
 #26

I agree with all the rules mentioned in the opening post, but the fact is that it is not easy to enforce all of them.
Therefore the number of rich people in the world is definitely less than the poor. Because it takes strong will and
hard work to be rich. I myself want to be rich, but there are so many obstacles that prevent me from getting rich.
Then the easy rule for getting rich is our way of thinking, if our way of thinking is correct, getting rich is a matter of time.

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October 01, 2020, 11:01:37 PM
 #27

Main thing missed on that list:

working for someone will never make yourself rich, work for yourself which will make you better person depends on how hard you are working. Smiley

Don't spend, just invest.
Yes. No one has become rich if you keep being employed for the rest of your life. Atleast you need to look for your own fate by working on your own through making some investments that has high potentials to grow in the future. Investing might be very risky especially if you still have limited funds and still a newbie, but when you are starting taking profits, all your worries will fade knowing you can definitely make it on your own and prosper if you just keep on investing in the right way.

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October 01, 2020, 11:54:05 PM
 #28

The most neglected aspect to success is mental training and discipline which coupled together form a good attitude and good life habits. The biggest difference between success and failure is the mental state. Finance, entrepreneurship, investment. Anything involving money making is usually a competitive realm. Many forms of mental training that are successful for competitive athletes are also successful for those who have aspirations of success in business or investment worlds. There is a certain mentality and way of looking at the world that breeds success which people can work to develop. The difference between rich and poor are manifest simply in the mental state and choices people make. On the flip side, questioning and changing the way one views and thinks about the world, can be one of the hardest things a person can do.
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October 01, 2020, 11:56:40 PM
 #29

Rule 23
Don't invest your money all at once ,life is like a roller coaster.
I do agree with this,

Simply do not invest the amount of money you can't afford to lose or maybe do not put your eggs in one basket. It is better to distribute investment so we cannot lose all at once if ever that our investment did not succeed. We will still be able to take it back once we make a profit in our other investments.



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October 01, 2020, 11:59:07 PM
Last edit: October 02, 2020, 12:10:20 AM by kawetsriyanto
 #30

Then the easy rule for getting rich is our way of thinking, if our way of thinking is correct, getting rich is a matter of time.
Interesting!!
You stated it is "the easy rule". But does it easily apply in real life, mate? or just a sweet theory?
There are too many nice theories about ways to be rich, unfortunately most of them are good in theory but hard to apply. For example, there are many ways shared by @smartcontracts100 in the OP, but I don't see he tells us his experience to apply them in his life successfully. Even his account got 6 red trusts here. Are those theories in OP trustable with that fact?  Cheesy

By the way, how can we know if the way of our thinking is correct already, mate? I hope you will explain it clearly.



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October 01, 2020, 11:59:37 PM
Last edit: October 02, 2020, 12:11:35 AM by TimeTeller
 #31

Then the easy rule for getting rich is our way of thinking, if our way of thinking is correct, getting rich is a matter of time.
Interesting!!
You stated it is "the easy rule". But does it easily apply in real life, mate? or just a sweet theory?
There are too many nice theories about ways to be rich, unfortunately most of them are good in theory but hard to apply. For example, there are many ways shared by @smartcontracts100 in the OP, but I don't see he tells us his experience to apply them in his life successfully. Even his account got 6 red trusts here.


Real life is different. There's no easy rule in this life.
The fact is, you need to work at things you want to achieve in life.
It is not a walk in the park to make it big in this world.
But after you reach your goals, ask yourself are you really happy?
Remember, peace and contentment in life is not measured by your riches.
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October 02, 2020, 03:12:02 AM
 #32

The above rules are a very good step to get rich but it will usually depend on the person himself it is not possible to be rich without hard work so we have to try to monitor the expenses and change our thinking and have the idea of ​​saving. Eat less and save more the key to getting rich is saving not a penny can be spent on unnecessary work drink water instead of coffee instead of expensive burgers you have to save money by eating bread at home. Forget the use of credit cards savings must be made in every area of ​​life.
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October 02, 2020, 03:40:59 AM
 #33

You mentioned all the good positive things we need to do to become better and can lead us to become rich as well. Getting more knowledge and having skills will also be a good way for us to become rich, knowledge is everything, it would be a great advantage for us if we have if and combined with good skills. It will really secure your kife in the future. You should also set your goals and plans to accomplish it, it is important that you have the basis and standard to be followed in your life.
Our vices are so hard to get rid but if we will avoid it step by step and time by time then it would give us a good results.
Wealth is not how much money you have, but it is what is left when your money is gone. To be rich we must be successful at exchanging our time for productivity so that we have value. When we have value, we will become an asset, not a liability.

Rule 24 The Most Important Rule
If your rich,famous,powerful ,beautiful,healthy,loved that does not mean you are smart ,or your parents/family are smart . It's just your fate given to you .
In the end, God is the most powerful in determining our lives. If we have this thought then we will realize that wealth is not a goal, it is only a tool to make our lives more beneficial to others. The more our assets, the greater our moral responsibility to society, the environment, and the nature around us.



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October 02, 2020, 04:49:23 AM
 #34

Geez, that is too many rules for you to have to become rich. Let me make it simple for you.

1. Have the discipline in your life, control your expenses, and your saving.
2. Have investment ( you can choose whether it's an online or offline investment ).
3. Share some of your money to help other people around you.
4. Praying.

Why is praying in the last thing? Because after you have done everything on your list, you should let it go, and give the result to the GOD, and let GOD decide to provide you with the best thing and what you need. We can't force to become rich by doing anything that we consider that is right because GOD will see if we deserved to become rich or not from what we did.

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October 02, 2020, 04:56:47 AM
 #35

I'll give my own ones:

1) Avoid debt at all costs. If you are already in debt get out as fast as possible.

2) Live on less than you make.

3) Have an emergency fund.

4) Invest, invest, invest. The simplest way is and index fund.

This is the easiest way to get rich. There are others, but this is the less risky and easiest one.

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October 02, 2020, 05:24:22 AM
 #36

I'll give my own ones:

1) Avoid debt at all costs. If you are already in debt get out as fast as possible.

2) Live on less than you make.

3) Have an emergency fund.

4) Invest, invest, invest. The simplest way is and index fund.

This is the easiest way to get rich. There are others, but this is the less risky and easiest one.

your list is more understandable and more serious that the op however the rule 1 , 2 and 3  contradicts or has a conflict on the 4th rule because on the rule of 1 ,2 ,3 it shows your financial savy side .

 you avoid debt and you save money but why will you waste that all effort on one single thing which was investing ?  this cant also be called easy and it cant be called less risky if investing is involved .
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October 02, 2020, 05:35:47 AM
 #37

I agree with OP's tips and rules about how to get rich that you should handle your money carefully which you should only buy the things that you only needed the most in your career or your daily life. It would help if you also tried to invest your money in things that will give you profit, so could be able to pay all of your expenses without having any debts.

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October 02, 2020, 05:42:48 AM
 #38

Did you read Kiyosaki and come here to promote him? Most of the "rules" are either obvious true or very strange things that don't have to be followed at all.
The only thing missing is the line that "money is real happiness" for the full picture - a portrait of a fan of motivational courses and business forums, Toni Robins.
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October 02, 2020, 06:19:24 AM
 #39

Upon all your advises how to become rich?i would never wanted to become one because if i follow everything you says for sure i will DIE SAD,because all happiness are involved on those list and i hate having that.

I would rather stay in this position in life than living with No enjoyment and happiness .


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October 02, 2020, 06:20:45 AM
 #40

Main thing missed on that list:

working for someone will never make yourself rich, work for yourself which will make you better person depends on how hard you are working. Smiley

Don't spend, just invest.
You wont really get rich if you do have that 8 to 5 dayjob unless if you do consider on having other options like investment.Working hard is commendable but it would be always ideal if you do consider on working smart as well.
I do also disagree with some points or rules stated on op about smoking and drinking.Its never been always a bad thing if it would be done in moderation.We should at least enjoy things in life without restricting too much of our freedom on doing things just because you are aiming something.It would be really just a boring life for you if you do have this kind of set-up or mindset.Just be smart and do things that will really be at your advantage.
Getting rich isnt really a thing that can be achieved overnight and this would really need a lot of effort and time for you to work on before reaching out this state.
I don't really agree with those small expenses like smoking and drinking should be restricted either because they can't become rich if they can't afford these simple things.But for health its bad so it depends on individual desires, because we all are making money to live the life in the way we wanted so it is important to enjoy the life while making more or else you can't do anything when you have money in the old age. Cheesy

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