How the rich get richer and why it works

[dihari]

Sometimes being rich is not only about hard work. Sometimes it's pure a luck and destiny. Look how much the story of young man being rich just because they accidentally saved bitcoin in their old computer/hard drive.

The most important thing of being rich is our self appropriate. Are we deserve to be rich? Just take a look at our habits. Also the rich get richer simply because they know how money works and they know how to make their money work for them.

[yhiaali3]

Well, it seems that things in dictatorial countries (like my country) are much easier, you do not have to do all these things in order to preserve your wealth, you simply have the wealth and the politicians have influence and decision and so you can easily share the country, the rich merchant pays the politician to protect him and protect his wealth at the same time The merchant can increase his wealth through this protection !!! Don't you see things here much easier? I advise all antiquarians to live here to preserve their wealth and can increase it if they want easily.

[peterpanda]

Sometimes being rich is not only about hard work. Sometimes it's pure a luck and destiny. Look how much the story of young man being rich just because they accidentally saved bitcoin in their old computer/hard drive.

The most important thing of being rich is our self appropriate. Are we deserve to be rich? Just take a look at our habits. Also the rich get richer simply because they know how money works and they know how to make their money work for them.

Knowledge is also important thing of being rich. We have to use our knowledge in right way to get rich. Obviously luck matters but we have to create the way then it is possible to us. Actually all these are alternatives of each other.

[proTECH77]

The rich are ready to take any risk in an investment to make sure they achieve good result at the end of their investment. Rich people never get tired of their investment because they believe so much on their hand work in every areas of investment. They don't joke with their personal research before carry out any investment in the societies.

[AniviaBtc]

I agree with some of it. However, I don't think the rich are this threatened by the poor. As a matter of fact, I don't think the rich are aggressively or even directly creating or spreading hate, hopelessness, fear, and so on simply for the sake of protecting their wealth against the poor.

If I look around, there is a certain level of freedom amidst hindrances and obstacles. Meaning, a poor person can actually get past all this and become somebody. The rich does not directly hinder this. One could actually rise from being a poor boy and become a CEO of a large company, and become rich himself/herself.

The more heated competition is happening among the rich. The 90% below are all under their payroll.

It really depends if someone wants to escape poverty and achieve being financially stable or rich.

Nobody wants to suffer from poverty so we are all accountable on what financial status we are dealing with for life.

If there's an opportunity to become rich then we should always grab it because if you will not step up, then those rich people are the ones who will become more rich.

[Alucard1]

A lot of rich people are not related to politics, you are wrong on the concept that all rich people or before you get rich you need to go politics first, that is a big mistake. There are so many ways for us to get rich, these rich people that keep on making themselves richer are those who still working or those who earn passive income on which they have the bug business, and they do invest. Business is one of the common and successful ways to get rich even though there is also a risk on it, well we can do nothing if we don't even take a risk.

[maydna]

The rich will not afraid of the risk, but they always research for more info before they invest. They know how to diversify their investment and search for other income sources so that they can make more money than other people. No time to stop for them before they can reach one by one of their goals and if they can achieve one goal, they will move on to the other goals and try to work for more to reach the next goals. They will not give up because they know that what they do will give them the chance to make more money.

[sana54210]

The reason for these type of constant increases is that big corporations have shares, regular people or even super wealthy people have those shares and in order for a company to be seen as a good one that company needs to actually make a profit, but if it makes profit that means it took money from somewhere else, and there are thousands of companies like this, probably 10k+ amount of companies who are trying to make "more" profit, the aim is not to make a profit, it is about making more, if you make 1 million dollars per month every year for 20 years that is horrible for share prices, because of inflation you have to keep making more and more.

However if they make this much profit constantly and even more later on, where does that money come from? That money comes from you and me, that means those companies get richer and we get poorer, and when there is a crisis because people have nothing left to give to these companies, government prints 2 trillion, give 1 trillion to 400 million people and another 1 trillion to just bunch of companies, basically keeping that horrible cycle continue.

[Gozie51]

A lot of rich people are not related to politics, you are wrong on the concept that all rich people or before you get rich you need to go politics first, that is a big mistake. There are so many ways for us to get rich, these rich people that keep on making themselves richer are those who still working or those who earn passive income on which they have the bug business, and they do invest. Business is one of the common and successful ways to get rich even though there is also a risk on it, well we can do nothing if we don't even take a risk.

I believe in genuine richness and politics is not a way to get genuine riches. Politics is usually taking the general public money as your personal to invest or have as yours and this is stealing. Business investment is way to get genuine richness,  politicians are not genuinely rich. Cryptocurrency  is smart investment to be rich in near future.

[Trinx01]

Being rich is not only about politics, business, working hard, or a career, some people get rich because of luck just like those people who get rich because of winning the jackpot prize in gambling but this is not a common way because only a few people are lucky enough to win the mega jackpot. The best and the common ways thatch people a doing to make themselves richer or earn more money is from their business, All of the rich people have their own business and they are all boss on that.

The rich are ready to take any risk in an investment to make sure they achieve good result at the end of their investment. Rich people never get tired of their investment because they believe so much on their hand work in every areas of investment. They don't joke with their personal research before carry out any investment in the societies.

That's true, those rich people are the risk taker because they are not hat too afraid to lose their money, unlike the normal citizens who only earn money enough for their needs.

[bakasabo]

I think that "rich get richer" only because they and their relatives (who showed them examples) have more options to risk or to try new.
If a regular persons lives from one salary to another and manages to save few hundreds (which he will spend on a vacation 1-2 times per year probably). Then rich people can try investing different things and scenarios. If they fail in 9/10 investments, due to the amount invested, this 1/10 success case makes them cover all of their losses imo.

[Matimtim]

Its simple, the rich man can invest big amount of money thus they can earn big amount of money in that way, the same how much they're going to invest; that the main reason why they're going richest.

[blckhawk]

There are rich people who do not needs to be involved in politics to be able to get rich and richer, its just that most of the rich needs connection to grew their businesses and sometimes politics and avoiding some laws will help them do that. Many rich people do not prefer putting their money in just bank they make business to make more business and to expand and create more opportunities its taking risk whether the business will succeed

I also doubt that politics would be the key in order to become richer, perhaps this will work in some way but not all the time because for someone to become even richer he must have a ton of income. Like rich people look for more possible ways to multiply their money, they are not just leaving their money sitting in the bank but rather they take the risk and invest it in assets or businesses. Politics would be just a bonus. Besides, if we will notice most rich people not only own a single company but multiple businesses. One more thing that makes them richer, the connections, it is one of the most significant assets that rich people do have.

[romero121]

With cryptocurrency you need the ability to invest and leave it to get rewarded. There shouldn't be any timeline expectation for profit. This isn't possible with the common people or the one who live with their daily earnings. This is the reason why rich get richer. Here some exceptions can be seen, who are lucky to get good return out of small investments.

[wxxyrqa]

There are rich people who do not needs to be involved in politics to be able to get rich and richer, its just that most of the rich needs connection to grew their businesses and sometimes politics and avoiding some laws will help them do that. Many rich people do not prefer putting their money in just bank they make business to make more business and to expand and create more opportunities its taking risk whether the business will succeed

it depends if what they like , few rich dont like politics but there are big money in politics thats why they forced to take this field and its easy to build a connection because your doing campaigns when your involved in politics  . avoiding the law dont mean avoiding politics but it can also be avoiding paying a tax , thats bad . we should not avoid the law at all cost  . indeed rich people have bigger goals and that makes them wealthier than ever

In a sense, politics makes it possible to gain power, and power is a kind of drug, and many cannot live without it. But politics also gives you the opportunity to preserve and also increase your wealth. It is because of this that all political circles have a strong connection with each other, lobbying for various laws for their environment.

[Furious 7]

I think that "rich get richer" only because they and their relatives (who showed them examples) have more options to risk or to try new.
If a regular persons lives from one salary to another and manages to save few hundreds (which he will spend on a vacation 1-2 times per year probably). Then rich people can try investing different things and scenarios. If they fail in 9/10 investments, due to the amount invested, this 1/10 success case makes them cover all of their losses imo.

Actually we can see examples of rich people how to manage investments properly even though there is a lot of money, it can be said that the salary is sufficient in one year of life, they will still try the latest in investing because this does push them into habits and indeed if we only try to collect old money will be very difficult, even a lot of doubts occur, but I believe everyone can do that in the sense that if you want to be rich you still work hard because in this case you don't look at anyone except in real.

[mezzaluna]

There are rich people who do not needs to be involved in politics to be able to get rich and richer, its just that most of the rich needs connection to grew their businesses and sometimes politics and avoiding some laws will help them do that. Many rich people do not prefer putting their money in just bank they make business to make more business and to expand and create more opportunities its taking risk whether the business will succeed

That is true when you are living in an advance country because you have the means to make your business bloom since there will be different places that will need specific kind of businesses but when you are living in a Third-world country, having a political connection is such a big deal because they can basically create a monopoly type of business in which its price or value to achieve that service is too high. Having connections politically can really be a big deal and it can both be destructive and helpful to the people who might encounter that type of business.

[fullhdpixel]

I also doubt that politics would be the key in order to become richer, perhaps this will work in some way but not all the time because for someone to become even richer he must have a ton of income. Like rich people look for more possible ways to multiply their money, they are not just leaving their money sitting in the bank but rather they take the risk and invest it in assets or businesses. Politics would be just a bonus. Besides, if we will notice most rich people not only own a single company but multiple businesses. One more thing that makes them richer, the connections, it is one of the most significant assets that rich people do have.

You may think that you do not have to get involved with politics if you are a rich person but your accountant and other rich people get involved for you instead. Just to give an example Warren Buffet is a guy who has talked about how he should be paying more taxes because he is making a lot of money and he can afford to pay more taxes without taking a big hit. And you know what happened? Even though he didn't get involved with politics, he just let it be and others like amazon and so forth got involved and dropped the federal taxes to zero for most wealthy companies.

This is why even if you are personally not involved with politics as a wealthy person, there is another wealthy person that bribes the politicians to help him and coincidentally you as well. This is why I think if politicians never got richer, just got wages and no other income, no bribes, no nothing, we would be living a lot better.

[iamsheikhadil]

Deep analysis but it doesn't work similar in every part of the world, in some countries people follow the words of rich people for no reason so they become the supporter of the party who is in the favour of rich people. Even though rich people are supposed to pay more taxes they get tax exception for everything when the ruling party is supporting them but again the party takes the money from rich people which can be covered for tax purposes.

That's nothing but pure oppression, I wonder what thoughts come into big billionaires' minds when they sleep. They have so much money that their grandchildren or great great grandchildren won't even have to work for life, but still they try to prevent to give away some of it to the world in form of taxes in hope of being richer. But, they can't expand their stomach can they? To eat additional food after being more rich? Then after having so much money why so much tactics to avoid taxes? I think it's because the quite natural human greed

[xSkylarx]

In simple or shorter explanation they have the privilege to invest in something they want without risking big. They have many sources of income that they can afford to risk a portion of their money to try a new investment. They can afford to pay someone to do it for them or they can enroll to those expensive courses to widen their knowledge about that field. That is the reality that we live in, hard work is not enough to be rich like them.

This is also the reason why there are middle-income or below type of people that are very gullible to some investment schemes which is run by these wealthy people who are taking advantage of it to maintain their status.