Never expect you to be rich without investment

[Falconer]

"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.

I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

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[dothebeats]

In order to be rich, you have to have something that'll make you rich, otherwise it's just wishful thinking. You have to put in not only the money, but also the effort and time to make your investments grow. I think most people already understand this, but doesn't have the willpower to make it a reality for themselves.

At this day and age, financial literacy and having an investment is very crucial. If you do not have any of this you're sure to get your finances ruined and your future affected. IMO people should learn how to invest and how to pick the right investment with the amount of money that they have.

[The Cryptovator]

If you just mean invest money then I wouldn't agree with you here. Even you may invest your brain like many people become rich by that. For example, if you become a high-skill developer mean this investment is enough to make you rich. If you have money to invest, you can't be rich without proper knowledge and experience. Rather than you may lose money as well. Learning and gaining experience is a big investment. It's true if you support money investment then you would become a rich bit quicker. In cryptocurrency investment definitely you have to be an experienced person.

[merchantofzeny]

I'm just going to assume you meant passive income when you say "investment". You know what's the sadder truth? Simply working isn't really going to make you rich anymore. Wages has stagnated. Saving isn't enough to even support you in your old days with the rate of inflation we have.

If you just mean invest money then I wouldn't agree with you here. Even you may invest your brain like many people become rich by that. For example, if you become a high-skill developer mean this investment is enough to make you rich. If you have money to invest, you can't be rich without proper knowledge and experience. Rather than you may lose money as well. Learning and gaining experience is a big investment. It's true if you support money investment then you would become a rich bit quicker. In cryptocurrency investment definitely you have to be an experienced person.

I think with investing time and money to train for a skill or saving upto build a business does grant income but you're still basically working either for someone else or for your own business. I still guess it's a start though, with the increase in income you'd be able to spare a bit more for investing in other stuff like crypto.

[Kasabus]

In order to be rich, you have to have something that'll make you rich, otherwise it's just wishful thinking. You have to put in not only the money, but also the effort and time to make your investments grow. I think most people already understand this, but doesn't have the willpower to make it a reality for themselves.

At this day and age, financial literacy and having an investment is very crucial. If you do not have any of this you're sure to get your finances ruined and your future affected. IMO people should learn how to invest and how to pick the right investment with the amount of money that they have.

With all the basic commodities totally in price surge these days, we cannot expect that relying from our job salary alone will make us rich because that is even hardly enough to cater for our needs. But if you learn how to invest, by prioritizing buying some good assets rather than liabilities, that will give you an opportunity to make wealth. Investing these days is the right avenue to give us more chances to make profits, of course this will be possible if you have the good knowledge about it, positive mindset and patience that will help you to stay long from your investment.

[BITCOIN4X]

If someone is interested in investing then he is one step ahead of being able to make something from his money compared to saving. There's no point in keeping a lot of money in a safe because your money is supposed to work for you, not you.

It doesn't matter when you work to earn money and use it for necessities of life, but set aside a little for investment regardless of whether it is in physical assets or crypto assets. However, because all investments carry risks, you also have to understand and know how investing works so that your money really works for you. Crypto investing is indeed very profitable especially bitcoin but you should know the risks and try to understand how they work so that you really profit from them.

[Fatunad]

Being rich could neither came from hardwork/investment or totally that an inheritance but dont expect that you would become rich without doing any effort or investment which is just common sense.
We know that richness could pass away if you dont know on  how to handle your finances well thats why you should really be that mindful on how to sustain it so that it wouldnt really come to a point
on where you do go bankrupt due to mishandling of those funds or assets which its an important factor for you to consider out.

[Japinat]

In order to be rich, you have to have something that'll make you rich, otherwise it's just wishful thinking. You have to put in not only the money, but also the effort and time to make your investments grow. I think most people already understand this, but doesn't have the willpower to make it a reality for themselves.

At this day and age, financial literacy and having an investment is very crucial. If you do not have any of this you're sure to get your finances ruined and your future affected. IMO people should learn how to invest and how to pick the right investment with the amount of money that they have.

With all the basic commodities totally in price surge these days, we cannot expect that relying from our job salary alone will make us rich because that is even hardly enough to cater for our needs. But if you learn how to invest, by prioritizing buying some good assets rather than liabilities, that will give you an opportunity to make wealth. Investing these days is the right avenue to give us more chances to make profits, of course this will be possible if you have the good knowledge about it, positive mindset and patience that will help you to stay long from your investment.

With bitcoin investment, either by long term hodling or trading it, both are good sources of profits as long as you also manage to take the risk and you started investing with an amount you can afford to lose. However, if we consider being rich from our investments, it needs more skilled hands and wise decision making to make it work. Investment alone will not work without a resourceful and smart thinking. And also, diversifying your investments will also help you to gain more profits from different sources of investments.

[tabas]

The fact is that those rich people have really invested in the investments that they know. And there are people that are really for investments and there are those that are not.
I still believe that there can be people that can make themselves rich through working with high salary jobs and as well as do some side hustle. But AFAIK, even those people with those situations, they're also investing because they are letting their money work for them.

[Hamphser]

The fact is that those rich people have really invested in the investments that they know. And there are people that are really for investments and there are those that are not.
I still believe that there can be people that can make themselves rich through working with high salary jobs and as well as do some side hustle. But AFAIK, even those people with those situations, they're also investing because they are letting their money work for them.

Rich people would be always be having the advantage because they do have the money on doing all sorts of things which is related to investment or simply does have that buying power on which everybody doesnt really

have and thats the reality and thats why rich becomes more richer and those average ones would really struggle out on how they would make theirselves be that progressive in terms of investment.
Dont expect that you would really get rich without doing nothing because that thing do only happen on your dreams.Work hard if you are aiming for something.

[DU18]

If someone is interested in investing then he is one step ahead of being able to make something from his money compared to saving. There's no point in keeping a lot of money in a safe because your money is supposed to work for you, not you.

Someone who continues to work hard but does not have proper money management, of course, will force him to continue to work for life, but for those who are forward-thinking, of course, will make investment as an alternative in achieving continuous income, besides that it is time for us to dare to take risks in investing because if the money we have is only saved, of course it will not give us a profit because indeed the value of the money will remain even in the next 10 years, but if we invest at least the estimated value of the money we have will increase as the investment assets value we have increase , I think  Investing is a smart way for us to get rich and earn income.

Stop Working For Money And Let Money Do The Work For We...!

[Vaculin]

If someone is interested in investing then he is one step ahead of being able to make something from his money compared to saving. There's no point in keeping a lot of money in a safe because your money is supposed to work for you, not you.

Someone who continues to work hard but does not have proper money management, of course, will force him to continue to work for life, but for those who are forward-thinking, of course, will make investment as an alternative in achieving continuous income, besides that it is time for us to dare to take risks in investing because if the money we have is only saved, of course it will not give us a profit because indeed the value of the money will remain even in the next 10 years, but if we invest at least the estimated value of the money we have will increase as the investment assets value we have increase , I think  Investing is a smart way for us to get rich and earn income.

Stop Working For Money And Let Money Do The Work For We...!

With proper money management, you will never go wrong in life. Instead, it will offer you more opportunities to earn and make additional profits. And that is where investment starts to enter. Though most of the hard working employees ignore it because it brings a lot of risks, and may end up losing, but its a positive way to grow your money and make the best of it. What is certain in life is that you will never become rich if you always stay in your comfort zone. Take some risks and start to multiply your money as much as you can. But dare not to be afraid if you lose because it has a better way to motivate you and make you grow to where you are right now.

[tabas]

The fact is that those rich people have really invested in the investments that they know. And there are people that are really for investments and there are those that are not.
I still believe that there can be people that can make themselves rich through working with high salary jobs and as well as do some side hustle. But AFAIK, even those people with those situations, they're also investing because they are letting their money work for them.

Rich people would be always be having the advantage because they do have the money on doing all sorts of things which is related to investment or simply does have that buying power on which everybody doesnt really

have and thats the reality and thats why rich becomes more richer and those average ones would really struggle out on how they would make theirselves be that progressive in terms of investment.
Dont expect that you would really get rich without doing nothing because that thing do only happen on your dreams.Work hard if you are aiming for something.

Yes, they have the capital ready to be diversified in any investment that they think is going to prosper. But all of those investors have their humble beginnings and where they've started. It's all about how they have handled the money and how they grew it very well.
I'm sure that all of them have the discipline that others can't have and aside from having that discipline, they're all willing to lose with anything that they invest so they've taken all of those and now, they're sitting in the big rewards that they deserve.

[dunfida]

The fact is that those rich people have really invested in the investments that they know. And there are people that are really for investments and there are those that are not.
I still believe that there can be people that can make themselves rich through working with high salary jobs and as well as do some side hustle. But AFAIK, even those people with those situations, they're also investing because they are letting their money work for them.

Rich people would be always be having the advantage because they do have the money on doing all sorts of things which is related to investment or simply does have that buying power on which everybody doesnt really

have and thats the reality and thats why rich becomes more richer and those average ones would really struggle out on how they would make theirselves be that progressive in terms of investment.
Dont expect that you would really get rich without doing nothing because that thing do only happen on your dreams.Work hard if you are aiming for something.

Yes, they have the capital ready to be diversified in any investment that they think is going to prosper. But all of those investors have their humble beginnings and where they've started. It's all about how they have handled the money and how they grew it very well.
I'm sure that all of them have the discipline that others can't have and aside from having that discipline, they're all willing to lose with anything that they invest so they've taken all of those and now, they're sitting in the big rewards that they deserve.

Just like been mentioned that some others money came from inheritance or would really be something that been gained through your hardwork or investment which applying their discipline would be totally different to each other.Risk would be always there whenever you do make out decisions like this.People dont expect that much on having positive results because not all investment would really be
be ending up on having positive results in the end. Expect that there would be lots of trial and error for this one.

[dark1234]

the most normal thing for every normal human being is the desire to be rich. and that we can get not only by investing because any investment is very risky but to get honest wealth is to take a chance and explore the potential in every business without a doubt so that no pizza slices are wasted

[kaya11]

"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.

I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

This is somehow the case for most of the people. They earn and save the money in a safe place and not growing it. I was like this before and never I have thought about investing. Years passed and I have learned knowledge about economics and stuffs', the money you save will have a lesser value in time because of inflation. So I decided to get out of that comfort zone, and get a hold of myself in case I lost all the money that I have. Now I never regret that moment in life, I have changed and ready to take all the hardships, because I was afraid of that. Knowledge is the key to get where you wanna be. I was told that it was money but that is for some slacking people. I have known so many entrepreneurs with no money so start a business but gained it through knowledge, hard work and perseverance that they had, and they are one of my mentors in life. Now somehow we are on a right track on our investments, and we wanna invest more with what we currently have.

[Tony116]

If we are employees, it's very difficult for us to change our lives. Investing is the only way we can change our lives. Regardless of the field of investment, we need money and knowledge to be successful. Crypto is an investment field that can be considered the most profitable today with only a small amount of capital. But the risk that we face is huge so to make money in the market requires us to have knowledge, patience with the market and I think it takes a bit of luck to get rich in crypto.

[adaseb]

Investing money doesn’t mean you will become rich or even make any profit. Most people, around 98% of all short term traders actually lose money or don’t make anything. Investing is not easy. Whether you invest $100 or $100000 there is no guarantee you will make a single dollar out of it.

Like the above poster said you don’t need to invest to be Rich. You can have a skill set and use that to make money. Open up one business, make it grow and open up another business and make that grow also. Before you know it you will have a dozen businesses and be rich.

[FlightyPouch]

You should be proud of him because of what he said. I know a lot of people that says the same but what they say will just before the "and" part. I live in a third world country and I knew a lot of people that do things without any risks and always trying to be on the safe side. I can understand some of them because there are also some limitations of what can be done on their situations.

Most of them though, they are not risking anything because they are already comfortable of what they are doing or earning. They are already stopping like they already found the goal in their lives, and take note, most of them is not that old to boot. They still have time to risk, most of them already have family but still spend most of their money with alcohol and cigarettes. The most annoying though is that they are earning one step above minimum and thinking they will be rich without doing anything else.

[killerfrost]

Maybe life circumstances create different views on life, I personally see material wealth as just a small part of life and don't necessarily think of it as a tool that has everything. When we know how to be satisfied with the things around us, and the things we get are also for everyone around us, our efforts to get rich sometimes become futile because everyone needs to love, care, share and help.

However, in actual life in today's society, most of us let materialism be the goal of life, I think it's all part of human nature to "desire."

[iamsheikhadil]

I agree, investment is always not the only way though, sometimes owning a new business or creating a start-up can give more monetary benefits than investing in anywhere can give, for sure, investment on one's one abilities like education, skills give better returns than assets, and investing in stocks means one is investing in the established business itself, but owning a complete business which one can when they create a business is better, using their skills and knowledge. Saving up for emergency is also required, well since life is completely unpredictable!

[traderethereum]

Investing is one way to get the wealth we want but unfortunately, many people invest through the wrong path.
Before starting to invest, we better find out as much information as possible to know what we should do.
It is not because we are not from a rich family with a lot of money, but it is about finding the right investment type for us.
But keep in mind that every type of investment will take time to pay off and the average person will be impatient waiting for the results.
Investing in crypto has provided ample evidence that people can earn a lot of money over time but most of them are people who can patiently hold their coins up high.

[lovesmayfamilis]

Investments must be so thought out and invested in the right direction. Otherwise, there is a possibility of losing even the last money. I do not agree that a good financial situation is impossible without some extra money. Did all rich people inherit capital from their parents? Aren't their people who stood on the brink of poverty and were able to pull themselves out of poverty?
We must always understand that strength is in us, and always every time we fall, we must be able to rise again. What does this mean? Despite the age, despite the difficulties, we must constantly develop. If we stop our development, stopping at what has already been done, from that moment we go down.
Step by step, overcoming difficulties, and after investing his money in the right business, a person becomes financially independent.

[Strongkored]

And investment will provide many benefits if done with proper knowledge of the investment chosen, often investors simply do investment because they follow friends or others but do not learn the investment and when it does not succeed will bring disappointment and eventually stop, so never invest in something we do not understand because it will actually be detrimental, hope to get rich from investments, but the opposite happened.

[Poker Player]

Me, when talking about these things I don't like to talk about getting rich so much as improving your economic situation.

"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.

I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

In your friend's case, if he were thinking about improving his financial situation, he would see it differently. Anyone can improve their financial situation, following simple steps.

1) By borrowing as little as possible (for example to buy a house) and reducing/getting rid of debts, especially if they are consumer debts.
2) Saving.
3) Educating themselves about personal finance.
4) Investing.

The result of these steps in the long run is a clear improvement of the economic situation (unless you are very unlucky or something).

[Despairo]

It's worth to mention investment isn't a kind of easy money, there are so many fake investment where they offer e.g send 1 to get 2 in a day. Well investment is really needed no matter old you're, keep saving few % of your wages to invest. Investment is supposed to be a money that can be used when we can't work again due to ages or even better the gains from investment can cover up daily expenses, so you'll have extra money to use for anything.

[CapGelatik]

And investment will provide many benefits if done with proper knowledge of the investment chosen, often investors simply do investment because they follow friends or others but do not learn the investment and when it does not succeed will bring disappointment and eventually stop, so never invest in something we do not understand because it will actually be detrimental, hope to get rich from investments, but the opposite happened.

We ourselves have to understand about investment especially when investing in crypto where the risk of losing money is very large if we are not careful,
that's why it's important to learn first and improve knowledge as well as skills,
Never try to follow friends or other people if you really don't know

[TheNineClub]

"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.

I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

I am not sure about people becoming billionaires by investing in crypto, but I'll take your word for it. The thing is, what defines what makes you rich? 100k? 1M? Billion? If we are talking about a substantial amount of millions or even a billion or more, then just investing may not be enough. That's what's spiking this false interest in crypto, that anyone and their mothers will become rich by investing just a small amount into crypto. For 99% of people that do not work. The big players invest huge amounts of money and get big returns, they have institutional connections and the know-how to spot what's good for investing and when to back out. As for people banking on being that 1% that make it out, well, that's like playing the lottery. With crypto, you could be well off, but this 'getting rich' narrative needs to be put to rest.

[NeuroticFish]

but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

For getting rich one needs a couple of things, most important being (well used) brain/knowledge (as COOLCRYPTOVATOR said it very good here) and luck (topic insufficiently touched imho). So brain can also easily be an investment, and small "miracles" are also needed now and then.

I think that no matter how smart somebody is, luck is important. And I'm not talking about winning the lottery, no. But if one has personal problems, may not get to invest, if war strikes one may have to withdraw his money (at a loss) for survival, and these are just the easiest examples at hand. Investment is easier if afterwards the price never falls under the initial buying price (a matter of timing and luck).

Maybe I'm not the best example because I'm far from rich but at least bitcoin offers me the help to stay on positive balance (maybe I would be rich now if I wouldn't have been selling anything at all). However: most of my investment in crypto was time and knowledge (although I did invest some fiat too), I've earned crypto for various tasks, services, bounties, signatures. I was lucky to find good opportunities. I had my fair share of loses due to altcoins too (a bit of luck in better picking the moment for liquidating some of those investment would have been good). In trading (more like noobish gambling on the exchange actually) I was lucky to not lose all my money. And I was lucky (or smart enough?) to leave (most of) the altcoins behind.
All in all I was lucky to find bitcoin, trust it, find this forum. As you can see, I find luck "involved" pretty heavily. Aren't we all extremely lucky bitcoin was created during our lifetime?!

Investing fiat is the most straightforward way. But there are other ways too. Still, both a well-used brain and a pinch of luck are necessary.

[batang_bitcoin]

If we are employees, it's very difficult for us to change our lives.

I have friends that are still employees up to date but they've got a better salary and at the same time, they're maximizing their time through owning a business. All of us have the same time to spend every day and it's up to us how we're going to be wise with it.

Crypto is an investment field that can be considered the most profitable today with only a small amount of capital. But the risk that we face is huge so to make money in the market requires us to have knowledge, patience with the market and I think it takes a bit of luck to get rich in crypto.

Crypto is the same reality as the other traditional investments. If you have little capital, don't expect that it will grow the same as the trees within a few years. That's why DCA is advisable and the early days won't be the same anymore as the coming years.

[skarais]

Stop Working For Money And Let Money Do The Work For We...!

You know, actually you still need to work to earn money before you use it to invest. Working for money means that you try to ignore investing for whatever reason, but when you put a little money into investing, you begin to understand that money can work for you too.

Investing is the most important way to make money for us but you need to have the tools and knowledge and good investment management to be profitable. It doesn't matter if you lose after you try because even investing never guarantees everyone will make a profit. Crypto investment is one of the profitable investments and also has a high risk of loss but the benefits are worth it. You really have to weigh the risks and you should only invest in whatever you can afford to lose.

[Reid]

It's not just investment, it's also security.
You invest in a house you are secured until the end of your life. It's not just about the money but to have a roof above your head should be encouraged as a good investment to everyone. Others don't like that idea and do rents while waiting for their parents to die so they can own that house. It's different if you are the owner and it all came from your hardwork.
I have the same case as your friend but I didn't take that to heart. I stood up and look for a way to have a better life and there had been rough moments but I am proud about where I am now.
Invested, secured.

[maydna]

Everyone has the right to be rich, but it depends on how he collects money from every job he does and how he spends it. If he can be wise in managing his money and finding a solution to get additional income, I believe being rich is not just a dream. Many people are just looking for justifications for their situation and not looking for how to find other ways, which may be different from what other people are doing.

Like investing in crypto, with the popularity of crypto, many people are interested in giving it a try. And maybe it can be one way for everyone to invest in the digital world, and they can buy bitcoins or altcoins with small money continuously for a certain period. Investing in crypto is promising, but it depends on what coins you use, and if you or your friends only hold bitcoins, I think that should be enough.

Where there is a will, there must be a way for us. That's wise advice from my father that I continue to hold onto. Our lives will change as long as we are willing to change them for the better.

[LogitechMouse]

"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.

I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

I can relate with this as I know many people around my place who doesn't know or no idea regarding investment.
I want to teach them since I'm already involved in investments but I don't see any initiative with them or I don't see that they are interested either. I think that they are just happy with what they are doing. Just work hard 8 hours a day or even most just to have some money to be used in their daily lives. Work hard and repeat with no investments at all.

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

Look at the rich people right now. They worked at first to have some money but aside from that, they learned how to invest in different ways. Now those rich people are invested into business and that is also an investment. I mean working without any investment at all will not make your life better that is why I'm working but at the same time investing a portion of the salary I get into different investments.

[S3300]

Having knowledge is the richest you can get, without knowledge your money won't get you there, every rich men use hardworking to get their first payout and they use that to invest smartly that's why they get richer.

[Leviathan.007]

That's can be correct and I remember the quote of someone who said let your money for you, in the other words you should the rich people don't need to work so hard and investment is the key of success to be rich because you can earn money while you are sleeping at your home the investment can be real estate or assets like bitcoin otherwise you will need to have a job and always wait for the end of the months to get some money from your boss and hop to don't spend too much to save some money at the end of the month, however investing can be dangerous too and risk management is necessary.

[Falconer]

If you just mean invest money then I wouldn't agree with you here.

No, I don't mean to just invest money without knowing what investing is.

When someone wants to invest but doesn't know what investment is, it's like throwing gold into the sea. I agree that one should know enough what an investment is and how he can manage it well to make a profit before he decides to invest, otherwise he will really face the harsh reality of his investment.

Even you may invest your brain like many people become rich by that.

You are right, a person can still invest his brain to make a profit, but the fact is not everyone has the ability to do so because most of them only invest their energy to earn money.

A person who invests his brain for profit is someone who has a special skill so that it can benefit him. While not everyone has these skills, they do have money that may be worth investing in. I have already said, it's not just only about investing in crypto but any asset they like including gold and other physical assets that they think can make a profit in the long term. It may not guarantee wealth, but at least they've tried to do it the right way.

[Mometaskers]

It's impossible these days to get "rich" from just your salary without supplementing it with additional income from somewhere else. Even people with good-paying jobs wouldn't have enough left for their retirement if they just rely on their pension since the government devaluing the money eats into savings.

So basically, if you have spare money, find something to invest it in that would pay you dividends or that will appreciate in value.

[FairUser]

The more we look at the problem, the more we will find our own views on wealth and investing.

But this is already large enough to contain a ton of problems of opinion in life. How rich? What is investment?

Language concepts can be misinterpreted, but I find it to be related to the process of individual choice goals.

[Wexnident]

Isn't it never expect to become rich without taking any risks? Trying to learn something you'd want so that you can profit from it is a form of learning and investing (to yourself) at the same time. And it naturally comes with the risk of losing your time over doing something you may or may not even learn properly or may or may not actually make you earn money. Risking and investing is natural in the process of trying to do something, especially if it's an activity that you want to either be recognized or earn money from (or both).

Especially with the current state of things really, it isn't enough for just risks, you need to have an immense amount of luck or connections to actually make a name for yourself (money comes afterwards tbh).

[SyndicateLabs]

We are in a market where finance and economics are an important part of it. The idea of ​​wealth and investment that you mention shows me a vicious circle. Investing in knowledge, time, money, ... are all necessary things to bring personal satisfaction. Since the results we get are only part of the process of reaching our personal goals, find your own or a suitable way to reach that goal.

[rat03gopoh]

... and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

That is also not true, you'll remain poor later if you arem't able to manage the inheritance of wealth. As the saying goes, "keeping is harder than gaining". Interpreting investment here depends on one's needs to achieve the standard of "wealth" respectively. Since inheritance of wealth is only one of social privileges, even if you aren't in that circle you'll adapt to your own and will be more motivated to reach higher levels to equalize them.

[suzanne5223]

Your friend was absolutely right and this topic reminds me of one Warren Buffett quote which is my favorite it says "if you don't find a way to make money while you sleep, you'll work till you die."
Technically he was talking about investing money in something that will generate betterment now and in the future.

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future.

I don't agree with you about people investing in an investment they like cause it is not every investment that's profitable.

That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

From century to century, assets are the best profitable investment but the investor needs to understand the market or seek professional advice you making an investment in it.

[newdevices]

Those who have a long term goal would like to have an investment that will sustain them during their old age when they won't be able to work or during financial crisis. Investment can be in lands and properties, shares, crypto or even investing in human resources  Depending on the one you choose or have knowledge of.

Investment is indeed very important, especially to prepare for the future or old age.
besides what you mentioned, gold is also the most widely used as an investment,
what is clear is that investing is not an easy thing and we must be really serious by trying to learn everything related to investment

[ShowOff]

-snip-

Tell your friend about bitcoin as he may be interested in investing, but make sure he knows what risks he may face from this investment. But wait, he really should find out what bitcoin is and how it works before he gets interested in investing because that is the best way to prevent him from unwanted losses.

There are several reasons why I advise you to tell your friends about bitcoin and this forum as well, and one of them is the enormous potential of bitcoin in the future. Bitcoin fluctuates all the time but this asset continues to grow stronger year after year so bitcoin investment is much more profitable than gold investment in the last 10 years. But don't ignore the risk because you won't get any return if you fail to secure the wallet and fail to manage it properly.

[dbc23]

Investment is just one sector of the world economy that guarantees riches. One can still get rich by finding solutions to world problems or developing new innovations that can stand the taste of time and help reduce the tedious way of tackling those issues. Which ever way the wealth comes. The fact remains both can actually move independently

[Mauser]

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

It is is not a sad story as long as your friend is healthy and has a happy life. Money is not everything in life. My grandmother is 91 and I want her to become 100 rather than inherit something. Probably many people would give back their inheritance if they could spend more time with their loved ones. Same goes for having all the money in the world, but not being healthy and can't spend the money. Of course we need some money to treat ourselves and our friends and family from time to time, but having the goal of becoming a billionaire is not good in my opinion. Making billions out of $1000 sounds a bit like a Hollywood movie to me. Decent profits is one thing, but becoming a billionaire is not really realistic. If we look at all the super rich people, they didn't start out poor, they either had help from friends and family or were in one of the top universities and had a good network.

[DU18]

Investment is just one sector of the world economy that guarantees riches. One can still get rich by finding solutions to world problems or developing new innovations that can stand the taste of time and help reduce the tedious way of tackling those issues. Which ever way the wealth comes. The fact remains both can actually move independently

In my opinion, investment does not guarantee that we have abundant wealth, but at least if we have investment, of course our future will be a little more secure so that we do not have to work until we are old, besides choosing the right investment is the most important thing, because some people actually experience poverty when the wrong choice of investment.

[skarais]

In my opinion, investment does not guarantee that we have abundant wealth, but at least if we have investment, of course our future will be a little more secure so that we do not have to work until we are old,

Of course and that is well understood by experienced investors. You can't expect to get rich on your small investment in a very short time, but remember 1 bitcoin that is worth $3,500 in 2020 has become $69K in 2021 and might be more profitable if you bought it in the early years. That's an investment even though it never guarantees wealth for everyone.

I really like this quote.

Your friend was absolutely right and this topic reminds me of one Warren Buffett quote which is my favorite it says "if you don't find a way to make money while you sleep, you'll work till you die."

[milewilda]

Investment is just one sector of the world economy that guarantees riches. One can still get rich by finding solutions to world problems or developing new innovations that can stand the taste of time and help reduce the tedious way of tackling those issues. Which ever way the wealth comes. The fact remains both can actually move independently

In my opinion, investment does not guarantee that we have abundant wealth, but at least if we have investment, of course our future will be a little more secure so that we do not have to work until we are old, besides choosing the right investment is the most important thing, because some people actually experience poverty when the wrong choice of investment.

Doesnt really still have any assurance though but it is better than have nothing at all.You wouldnt know unless you do try and thats why we do need to take risk via doing investment.
I dont know on why someone expects to get rich on doing nothing? Aside from inheritance then you couldnt really get any chance on getting rich without doing investment.
So never expect for some changes if you dont really make out some action.

[Renampun]

...

every rich family today has someone who was poor in the past...

Don't ever be discouraged when you're still poor right now, stay optimistic, keep working smart so you can change the fate of your offspring. investing will not make someone poor, but many are lazy to invest because they are impatient with the long-term effects.

[tabas]

Yes, they have the capital ready to be diversified in any investment that they think is going to prosper. But all of those investors have their humble beginnings and where they've started. It's all about how they have handled the money and how they grew it very well.
I'm sure that all of them have the discipline that others can't have and aside from having that discipline, they're all willing to lose with anything that they invest so they've taken all of those and now, they're sitting in the big rewards that they deserve.

Just like been mentioned that some others money came from inheritance or would really be something that been gained through your hardwork or investment which applying their discipline would be totally different to each other.Risk would be always there whenever you do make out decisions like this.People dont expect that much on having positive results because not all investment would really be
be ending up on having positive results in the end. Expect that there would be lots of trial and error for this one.

That's the truth in investments. Not all are successful but those who give up too early, they're the ones that will likely having to show others that investments doesn't work.
But those that have failed yet they have never give up and still, they're trying to make new investments. Despite the losses, they're learning from those experiences that they have and these people are the ones that are honing themselves to become a better investor.

[adzino]

It is true, you need to invest in order to "be rich". You can't work all day and be rich enough. You might think that saving money in the bank will make you rich. But that is not true. If you keep all your money in bank, in the long run, you will be losing money. Investing those money instead will give you better returns than saving it in the banks. But with those returns comes risk. So don't expect investing being risk free. The more risk you take, the higher the chance of becoming rich.

[Gozie51]

But with those returns comes risk. So don't expect investing being risk free. The more risk you take, the higher the chance of becoming rich.

There is a saying that take the risk and be rich. Some people are very scared to invest and take the risk, they want to ask series of questions about risk first before taking the step. It is nice to ask about risk in business but some people won't just asking and being scared. People get scared with cryptocurrency investment alot. They feel it is a scam but more people have made it big with crypto especially during 2017 bull. Investment is certainly one way to get rich if you are not born with a silver spoon in your mouth.

[Finestream]

Investing is risky, but not investing is much riskier. So, investing actually reduces the risk in our lives from time to time and also in the future to be free from inflation and also finances that must be prepared as early as possible.
Investing with the aim of getting rich is a bonus if you really succeed in creating big profits and even then it is supported by large capital and risk, but in my opinion if we invest in the right place and also for the long term, I think it will work and also must have strong patience consistently in living it.

If we aim for big changes in life, i think investing is the key for it. You will never be improved just by plainly working on your 8 hour day job, admit it or not, you still find it hard to make ends meet even if there is a job. So the best option for that is take the risk investing. Of course, there's always risk associated in it but somehow you can less the risk if you fall into a right investment. And once your investment works, you will have another sources for income that may push you to open new investment. Having multi investments will certainly lead you to become rich and live with your investments priceless rewards.

[Fivestar4everMVP]

Getting rich requires investment, though like many say here "it's risky" but then, think about this, is our every day life not risky?

-Sleeping is risky (many I know have died in their sleep) cus there's no guarantee you would wake up the next day, but we still sleep, Infact, some of us love it so much.
-Driving is risky (many I know have died in motor accidents) cus even your motor driving expertise does not guarantee you safety or protection against accidents, but we still drive, Infact, motor accidents that occur every day has not reduced the number of driver on the road.
-Even Walking on the street is risky (I know many that been knocked down by vehicles and killed on the spot while having a walk on the street) but yet, we still take that walk every day.
-Cooking is risky cus you stand a chance of getting burnt by fire or hot pot or getting cut by a kitchen knife, you even risk setting the whole kitchen ablaze by making a small mistake with the gas or electric stove or plate, but we still cook in other to eat and stay alive and healthy.
-Being alive generally is a risk (cus ive seen many that all of a sudden, just slump and die on the spot) and yet, we all have not stopped living.

If we all do this things each and everyday not minding the risk involved in doing them, why then do we complain and say "investment is risky" when it is for our own good?.

[lienfaye]

Investing can be a stepping stone to become rich. Everyone can invest, but not everyone can become rich. Its because scam is existing and if you're not careful where to invest your money then you might lose it. Thus knowledge is important before investing, because having a capital to use is not only the basis if how much return you'll get, remember you have to be wise too.

Nevertheless, there's no assurance that you'll succeed or become rich if you invest but you will never know the result unless you try. But its better to invest your money rather than letting it sleep in the bank.

[bitgolden]

If we are employees, it's very difficult for us to change our lives.

I have friends that are still employees up to date but they've got a better salary and at the same time, they're maximizing their time through owning a business. All of us have the same time to spend every day and it's up to us how we're going to be wise with it.

That is what people are mistaking the startup world, or starting a business world. If you are 20 years old, and spend 1 hour on a business per day on average (could skip a day and do 2 hours next day type of deal) that's 365 hours put into a work. If you do not idle, and actually do work, then 365 hours is enough to see if a business could make money or not. If you do not stop working, and if you do not stop because it is not making any money before that time is up, you can decide if that business is for you or not.

If you start doing that at 20, you have maybe like 40 years until you are 60 and 40 different business chances. At which point you could just retire if it didn't work out. So, you can test 40 different jobs with 365 hours put into each of them while also having a regular job like everyone else. Not a bad method, could be done starting at 50 years old as well, just less chances to try but more experience and probably more money to start.

[perfect999]

We are in a market where finance and economics are an important part of it. The idea of ​​wealth and investment that you mention shows me a vicious circle. Investing in knowledge, time, money, ... are all necessary things to bring personal satisfaction. Since the results we get are only part of the process of reaching our personal goals, find your own or a suitable way to reach that goal.

Investment is really not all about cryptocurrency like Bitcoin and the rest of them, there are so many other ways that you can also be an investor, you can even invest in yourself. There are people who can get rich by being self employed, because there are so many businesses that you can get yourself involved in and you’ll be able to make a lot of money from it. Even freelancers these days who are self employed are making so much money from it, by working on upwork.com Fiverr.com and the rest of them, and even owning platforms. So, there are so many ways that investments can be done, and it’s not just all about stocks and crypto currencies.

[Marvell1]

Investing can be a stepping stone to become rich. Everyone can invest, but not everyone can become rich. Its because scam is existing and if you're not careful where to invest your money then you might lose it. Thus knowledge is important before investing, because having a capital to use is not only the basis if how much return you'll get, remember you have to be wise too.

Nevertheless, there's no assurance that you'll succeed or become rich if you invest but you will never know the result unless you try. But its better to invest your money rather than letting it sleep in the bank.

Investing is not just a way to become rich, but investing is opportunity for us to become rich. We do business in any field, knowledge and money are two necessary and sufficient conditions to determine our success. If you do not have knowledge, your investment is like gambling, with knowledge without money, it is very difficult for you to become rich.
Risk is always around us, you want to become rich, you must first take risks.

[acener]

"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.

I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

Work alone couldn't make them rich unless they are getting a high salary from it.
I think it work is only necessary to make it on our daily life but if we want to get rich or have an easier life then investment is what we need.
It is either we work more shift or part time job to be rich or let our investment do the work for us.

[traderethereum]

Investing can be a stepping stone to become rich. Everyone can invest, but not everyone can become rich. Its because scam is existing and if you're not careful where to invest your money then you might lose it. Thus knowledge is important before investing, because having a capital to use is not only the basis if how much return you'll get, remember you have to be wise too.

Nevertheless, there's no assurance that you'll succeed or become rich if you invest but you will never know the result unless you try. But its better to invest your money rather than letting it sleep in the bank.

It will depend on what they choose to use as their investment.
Today many investment programs offer high returns and many people do not think that investments have a period before they can profit.
They just think if I invest in this program, I will get a lot of money in no time.
It doesn't necessarily go well, especially if they can't get the investment right.
But investing is one avenue that can lead to future wealth and bitcoin is a great example of investing.

[Lubang Bawah]

I understand that without investment, the life we live will be stable or maybe decrease, the cost of living and inflation that continues to increase make us have to be creative, now there are more investment choices so that we can make the best choice to change our lives in the future.

[GiftedMAN]

In order to be rich, you have to have something that'll make you rich, otherwise it's just wishful thinking. You have to put in not only the money, but also the effort and time to make your investments grow. I think most people already understand this, but doesn't have the willpower to make it a reality for themselves.

At this day and age, financial literacy and having an investment is very crucial. If you do not have any of this you're sure to get your finances ruined and your future affected. IMO people should learn how to invest and how to pick the right investment with the amount of money that they have.

I agree with you on this, A financial illiterate will always find himself venturing into wrong investments, you can not do things right when you find it difficult to differentiate between right and wrong. I advise people to go for financial education, seminars organized by experts in order to get more knowledge on how to invest wisely.

[Falconer]

Work alone couldn't make them rich unless they are getting a high salary from it.
I think it work is only necessary to make it on our daily life but if we want to get rich or have an easier life then investment is what we need.
It is either we work more shift or part time job to be rich or let our investment do the work for us.

Each of us has our own goals about why we work though generally to earn money. However, the mindset about investment is not shared by all workers, especially when these people work just because they want to meet the necessities of life, family economic responsibilities, or pay debts.

Regarding investing, I also admit that not everyone who has the desire to invest is guaranteed to get rich but he is on the right track to at least have good expectations of what he invests in the long term. On the other hand, when they never want to invest, they will only work to survive which in the end only meets the needs of clothing, food and housing. But all of this is not just about how we get rich, it is part of the way we think about how money can be useful.

[romeitaly]

"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.

I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

It is truly a sad statement, but if you look deeper in the word rich there  is many possible definition of it. First one is; rich in terms of people network. You might lack of finance, yet if you are rich in networks it is not impossible to achieve your goal of being financially free you just need to surround yourself with the correct people with the same mindset that you have. Second is rich in knowledge; some unlucky people who are not bless financially are sometimes more blessed intellectually. With this, they utilizes their knowledge and uses it to spear their way to success, leading to financial freedom. Lastly, the rich who are bless financial.

[molsewid]

Work alone couldn't make them rich unless they are getting a high salary from it.
I think it work is only necessary to make it on our daily life but if we want to get rich or have an easier life then investment is what we need.
It is either we work more shift or part time job to be rich or let our investment do the work for us.

Having a single source of income will not make a person rich  unless this person earn a monthly income of million worth but if not or just an ordinary people let's yes earning big but having no other streamline of income will definitely far from reality to become rich. And yes, investment is one of the way to become rich, well not just investment in cryptocurrency but in any kind of investment like real estate, stocks, bonds etc. A rich person his money works for not he is work for money and that's the mindset of a wealthy people.

[iv4n]

Work alone couldn't make them rich unless they are getting a high salary from it.
I think it work is only necessary to make it on our daily life but if we want to get rich or have an easier life then investment is what we need.
It is either we work more shift or part time job to be rich or let our investment do the work for us.

Having a single source of income will not make a person rich  unless this person earn a monthly income of million worth but if not or just an ordinary people let's yes earning big but having no other streamline of income will definitely far from reality to become rich. And yes, investment is one of the way to become rich, well not just investment in cryptocurrency but in any kind of investment like real estate, stocks, bonds etc. A rich person his money works for not he is work for money and that's the mindset of a wealthy people.

Well, it's important how much salary you have at your job, if the salary is low, even with several jobs it can be difficult/impossible to survive a month and have for everything! In that case, investing can be an impossible mission, but it is not completely impossible! It takes a lot of giving up even some normal things, instead of traveling by car to travel by bus, searching for discounts when buying anything from food and clothes, avoiding or not going out to restaurants and similar stuff, and no traveling too far! Whoever wants to do something more in life will decide to take that step, lazy people and people without ambitions will stay where they are!
Some people get rich by birth, some have to work hard to get rich! Definitely, without investing it's hard to make a fortune, we have to try and sometimes take risks, without that we are stuck! It's how I see it!

[Oceat]

Work alone couldn't make them rich unless they are getting a high salary from it.
I think it work is only necessary to make it on our daily life but if we want to get rich or have an easier life then investment is what we need.
It is either we work more shift or part time job to be rich or let our investment do the work for us.

Having a single source of income will not make a person rich  unless this person earn a monthly income of million worth but if not or just an ordinary people let's yes earning big but having no other streamline of income will definitely far from reality to become rich. And yes, investment is one of the way to become rich, well not just investment in cryptocurrency but in any kind of investment like real estate, stocks, bonds etc. A rich person his money works for not he is work for money and that's the mindset of a wealthy people.

Working alone isn't enough to get rich even if you work your entire life since you will only receive a fix rate. Whereas if you have a business or investment you can make more money than usual compared to working. So if you want to succeed in life, invest your money that you get from your work and if you can take multiple jobs then take as long as it is for your investment.

And never forget to invest more on knowledge so buy books that will help you from your journey to getting rich. Opportunity rarely come to us but once we see one, we grab it as long as you know or dyor first if you don't know about it.

[TheCoinGrabber]

Agreed. Most jobs don't pay well these days and with the inflation going ever higher, it's hard to keep up. At this rate you'd need an investment just to keep up. Being able to start your own business is nice but you're still basically working on a job, you just happen to be your own boss so investing in other people's businesses is still needed.

Investing can be a stepping stone to become rich. Everyone can invest, but not everyone can become rich. Its because scam is existing and if you're not careful where to invest your money then you might lose it. Thus knowledge is important before investing, because having a capital to use is not only the basis if how much return you'll get, remember you have to be wise too.

Nevertheless, there's no assurance that you'll succeed or become rich if you invest but you will never know the result unless you try. But its better to invest your money rather than letting it sleep in the bank.

Well this is one thing often not mentioned by other people who encourage other people to "invest". Investing carries a degree of risk so it's possible to not get anything out of it.

[ShowOff]

Having a single source of income will not make a person rich  unless this person earn a monthly income of million worth but if not or just an ordinary people let's yes earning big but having no other streamline of income will definitely far from reality to become rich. And yes, investment is one of the way to become rich, well not just investment in cryptocurrency but in any kind of investment like real estate, stocks, bonds etc. A rich person his money works for not he is work for money and that's the mindset of a wealthy people.

There is an interesting quote to read which reads "If your salary is your only source of income, then you are only one step away from poverty". If I'm not mistaken, that's one of Warren Buffet's suggestions. Investment is also not always about wealth but some other things like passive income is the goal. I think there are many other reasons why a person should invest even if it is only 10% of his salary because relying on salary to survive is not a smart choice.

But everything seems not as easy as it sounds because investing is a risky choice for those who are not knowledgeable. It is easier for them to invest in gold and keep it for years compared to digital assets like bitcoin. But if they are really interested in investing in crypto then at least they must have 3 things, have clear goals, understand investment risks and how to minimize losses.

[darewaller]

This is something I have seen with many developers and "idea people". They imagine that they could do everything, just give 5% of their company to someone that will pay them to make it, then they will get it done and make profit from it.

I am sorry but nobody will do that to you, if you had super rich parents with amazing networks then you could get that because the network you have allows you to meet with people who won't even care, like literally give it to you like a donation. But, regular people will not be able to get that, you need to actually have a product to do this, otherwise it makes no sense why people would give it to you.

[macson]

Agreed. Most jobs don't pay well these days and with the inflation going ever higher, it's hard to keep up. At this rate you'd need an investment just to keep up. Being able to start your own business is nice but you're still basically working on a job, you just happen to be your own boss so investing in other people's businesses is still needed.

now those who only rely on income from one direction only then it will be very difficult to get rich, even those who are employees today, are led to have a side job or invest elsewhere to be able to meet and even get more savings.  The increasingly fierce competition forces us to think hard to find additional income from other places and investment is the best solution.

[Lanatsa]

Agreed. Most jobs don't pay well these days and with the inflation going ever higher, it's hard to keep up. At this rate you'd need an investment just to keep up. Being able to start your own business is nice but you're still basically working on a job, you just happen to be your own boss so investing in other people's businesses is still needed.

now those who only rely on income from one direction only then it will be very difficult to get rich, even those who are employees today, are led to have a side job or invest elsewhere to be able to meet and even get more savings.  The increasingly fierce competition forces us to think hard to find additional income from other places and investment is the best solution.

We are always looking for alternative because everyone of us does have always that kind of mindset on having a better life in terms of finances thats why we are endlessly looking for opportunities on which it could really

give out those kind of chances no matter on what would be the dealing or engaging on things which it is understandable that it would really be needing some effort for you to achieve on what you do have in mind.
It would really be just common sense that you should do put effort and be wise on making decisions on having investment because this is the only way on making yourself rich without depending on some inheritance
or some sort.

[Sanitough]

Agreed. Most jobs don't pay well these days and with the inflation going ever higher, it's hard to keep up. At this rate you'd need an investment just to keep up. Being able to start your own business is nice but you're still basically working on a job, you just happen to be your own boss so investing in other people's businesses is still needed.

now those who only rely on income from one direction only then it will be very difficult to get rich, even those who are employees today, are led to have a side job or invest elsewhere to be able to meet and even get more savings.  The increasingly fierce competition forces us to think hard to find additional income from other places and investment is the best solution.

All the basic commodities nowadays are becoming so expensive, except for our salaries. Minimum wage earners are still receiving low income and that will be very hard for them to make ends meet. This is why most of them have resorted into side jobs. The income gets better but it won't still make you rich either. Investment is the best revenue for now to see your lifestyle improved and once your investment works, it will generate a lot of money. That will create another opportunities to make profits if you engage into another investment. The bigger your investments, the higher your gains or proceeds, the faster way to make you rich.

[freedomgo]

Having a single source of income will not make a person rich  unless this person earn a monthly income of million worth but if not or just an ordinary people let's yes earning big but having no other streamline of income will definitely far from reality to become rich. And yes, investment is one of the way to become rich, well not just investment in cryptocurrency but in any kind of investment like real estate, stocks, bonds etc. A rich person his money works for not he is work for money and that's the mindset of a wealthy people.

There is an interesting quote to read which reads "If your salary is your only source of income, then you are only one step away from poverty". If I'm not mistaken, that's one of Warren Buffet's suggestions. Investment is also not always about wealth but some other things like passive income is the goal. I think there are many other reasons why a person should invest even if it is only 10% of his salary because relying on salary to survive is not a smart choice.

But everything seems not as easy as it sounds because investing is a risky choice for those who are not knowledgeable. It is easier for them to invest in gold and keep it for years compared to digital assets like bitcoin. But if they are really interested in investing in crypto then at least they must have 3 things, have clear goals, understand investment risks and how to minimize losses.

Certainly, having an investment has its own risk, either to make you rich, or to make you even poorer. But if you start learning how to come up with right investments, particularly crypto, that is one step ahead to make your goal reached. However, most of the average earners today are afraid to invest because it needs a good amount to start it and yet, it could still lead to losses. If this is the mindset of an investor, this will really not work. Investments need more patience and positive outlook, if we can't give it, then we will never be profitable from our own investments.

[teosanru]

"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.

I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

Obviously, this is true, but I feel Investments in traditional assets is no more the key to becoming rich, everyone does that these days, it might make you financially protected and safe, however, forget that it will make you rich in any way. Traditional assets give at max a return of 12-15% which to is in equities in a longer run, while inflation these days is around 5-6% even for countries like the US. In such scenarios, the only way one can become rich is if he keeps investing for 25 years straight and then enjoy what he has earned after turning around 50. I would rather recommend finding newer ways of getting greater ROI, crypto obviously was a way then come to the  NFTs, don't put in everything here but start small and eventually put some percentage of your capital when you are confident enough. This way only one can become rich these days,

[stadus]

Having a single source of income will not make a person rich  unless this person earn a monthly income of million worth but if not or just an ordinary people let's yes earning big but having no other streamline of income will definitely far from reality to become rich. And yes, investment is one of the way to become rich, well not just investment in cryptocurrency but in any kind of investment like real estate, stocks, bonds etc. A rich person his money works for not he is work for money and that's the mindset of a wealthy people.

There is an interesting quote to read which reads "If your salary is your only source of income, then you are only one step away from poverty". If I'm not mistaken, that's one of Warren Buffet's suggestions. Investment is also not always about wealth but some other things like passive income is the goal. I think there are many other reasons why a person should invest even if it is only 10% of his salary because relying on salary to survive is not a smart choice.

But everything seems not as easy as it sounds because investing is a risky choice for those who are not knowledgeable. It is easier for them to invest in gold and keep it for years compared to digital assets like bitcoin. But if they are really interested in investing in crypto then at least they must have 3 things, have clear goals, understand investment risks and how to minimize losses.

Certainly, having an investment has its own risk, either to make you rich, or to make you even poorer. But if you start learning how to come up with right investments, particularly crypto, that is one step ahead to make your goal reached. However, most of the average earners today are afraid to invest because it needs a good amount to start it and yet, it could still lead to losses. If this is the mindset of an investor, this will really not work. Investments need more patience and positive outlook, if we can't give it, then we will never be profitable from our own investments.

I guess investment alone will not make you rich, it takes more of you as a person to succeed in an investment. Investment has always been a win and loss scenario, that is why it needs more of a potential investor to make it work. Potential means that you are capable to set your target goal, you have a good knowledge to make it grow, creates right decision, has a lot of patience and has risk aversion. If you can possibly have all that, then you will have high probability to make your investment succeed.

[famososMuertos]

There is a phrase that says "money is not everything, but it leaves you very close to happiness".

I always meet people who say the money is not enough and they have good jobs, a good family, a great house, they live well, let's say they are not millionaires, but they lead a similar life, maybe that is the problem.

I am not the one to give advice to anyone, but one should know, How much money do you want to meet your wealth goals?, there is a number, you must know it,  the point is, if you know the difference of money daily or monthly you need to be "rich" you may be surprised that you are not far from achieving it.

The expectations of that value decrease as the years go by, because you understand that wealth can be comfort, tranquility, peace, love, etc. the priorities to what they call wealth, become simple things.

In any case, investments regardless of the amount require additional money, use it as if you were a millionaire, a millionaire if you lose $10,000 does not affect they because you have a million, if you have $1000 you risk $10 if you lose them it will not affect you, but if you risk $100 you should understand that you are losing 10% of your capital, not $100.

[Fortify]

"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.

I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.

Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.

You have to define rich in this context, for most societies if you have a job that makes the average across the country it is possible with enough time and if you buy your own house to become reasonably comfortable. You are rich versus people who have the instability of renting from a landlord after it is paid off and you can likely live comfortably off a pension you might have accrued from your company as well. It really does vary so much between countries that it's hard to define, but most would be happy enough in that situation without the desire to be overly rich. Investing can come with very high risk depending on what you're buying into and can set you back quite far if you make the wrong choices, so be wary of assuming it'll work out well.

[Falconer]

I'm glad you're all willing to share your views here on understanding good investing, how to manage it, and how to get started. I have no more reason to keep this thread open as I think all your feedback has provided me with quite a helping hand for me and other users' insights with regards to investing.

Finally, I must close the thread by thanking all of you, and your opinion which comes from investment and money management experience so that it is hoped that it will be a useful solution for anyone who is interested in investing. Wealth is sometimes just a casual formality which may not be better than economic stability, but with an investment mindset we can really expect to have a bit more profit even if we never get rich in the end. So, thank you for participating.