5 things you should not do with your money to get rich

[Jatiluhung]

5. Don't invest suddenly

     - In my experience, I have also participated in this type of investment without thinking immediately or doing research because I was just
     carried away by the hype. It's just like the "Get rich quick" where your 1k$ will turn into 10k$ after 3 days, things like that. Just like before
     the rise of cryptocurrency projects, there were a lot of them but in the end, they turned out to be scams, but I don't blame them all
     because there are legit crypto projects and there are others that are just scams or shitcoins, this is just an example.

     But I'm not saying that you shouldn't invest in crypto, I think we shouldn't make a hasty decision so that our capital doesn't go to waste.

I recommend learning before investing. In cryptocurrency, most new investors invest without proper knowledge; they base their decisions on the hype and the vloggers who introduce it. Agree with this, jumping to the conclusion that you can earn once you invest, even without knowledge. Also, be wary of scams; always conduct a background check and search for everything about the projects you want to invest in. Perform your research before getting your funds.

Sometimes beginners always skip this important step (analysis). they sometimes always believe more in influencers who suggest investing in a project, and get carried away by the hype. maybe if it is a short term investment it can be tolerated and can even be profitable as long as we know when to enter and when to leave. like entering investing at the beginning of the hype and after seeing the hype at its peak then rushing out of the investment because after the hype is at its peak then that is a sign that the hype will end. but following the hype for long-term investing is a fatal mistake that beginners usually make.

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[Sayakaaja]

In my PoV,
 
3 - Never be greedy or foolish

Greediness is the most that kill humans. We are just almost greedy in all we do in life.

Yes, greed is a human trait that we often encounter. and with greed all will be destroyed. because, greed is excessive lust, which cannot be controlled.

May we all be kept away from excessive greed.

[dezoel]

5 things you should not do with your money to get rich or advance your lives 
~snip~

Overall the points you say are basically true. however, despite all that. the question is, can you be consistent with the points you say in this long list.  these points are the basic things to be applied to each individual, if you want to develop. however, to get to that point.
One needs practice, knowledge, guidance and experience. Patterns such as these examples can be applied from a young age.  you have to get used to it to that point. if you already have good management and are trained, especially regarding how to manage money properly and correctly. as you said in this thread, then, you should already be a rich person.

Being consistent is not something you actually "do", it needs to become natural. So, if you are trying to follow these rules then you are in a bad ride and it will cause you to lose a lot of money because you can't be consistent with it.

However, if you followed it long enough then you don't even "try" to follow them, you just know them and you act like that, which creates absolutely no problems at all. That’s what I am trying to do, not just follow anything at all, just know what’s right and just do that, naturally. If it comes from within then you will always be right, but if you read something and try to follow that then it’s not an instinct and you will eventually fail.

[Finestream]

Sometimes people are too tight and obedient to the theory to be rich, many things are done such as buying books, seeing YouTube to come to the seminar to become rich, from many things I understand that to be rich then the important thing is not afraid of risks, we can business , investment or anything but if you are always afraid and continue to calculate opportunities then we will never be rich.

By taking some risks and grab every good opportunities that come, we will have bigger chances to grow ourselves and become rich in the making. It’s not the money actually that get us rich, it’s how we manage our finances and spend based on a budget plan that make us eventually rich. And of course, having a positive spirit despite of some losses, it will also lead us to succeed in our ventures in life.

[Rockstarguy]

Sometimes people are too tight and obedient to the theory to be rich, many things are done such as buying books, seeing YouTube to come to the seminar to become rich, from many things I understand that to be rich then the important thing is not afraid of risks, we can business , investment or anything but if you are always afraid and continue to calculate opportunities then we will never be rich.

By taking some risks and grab every good opportunities that come, we will have bigger chances to grow ourselves and become rich in the making. It’s not the money actually that get us rich, it’s how we manage our finances and spend based on a budget plan that make us eventually rich. And of course, having a positive spirit despite of some losses, it will also lead us to succeed in our ventures in life.

It is not easy to become rich and it is not a day plan work,  it is a plan work that can Take some long time.  To become rich many things required to be done,   becoming rich means a lot that one needs to be very discipline on how money should be spent well.  One of the things many people finds very difficult is how to save money. 

One  who is not strong enough and discipline will always find it difficult to save money to become rich. Acquiring wealth requires a lot self work to be done, and staying rich is a difficult task.  Being rich is not the end of everything but how to remain rich.

[xSkylarx]

5. Don't invest suddenly

     - In my experience, I have also participated in this type of investment without thinking immediately or doing research because I was just
     carried away by the hype. It's just like the "Get rich quick" where your 1k$ will turn into 10k$ after 3 days, things like that. Just like before
     the rise of cryptocurrency projects, there were a lot of them but in the end, they turned out to be scams, but I don't blame them all
     because there are legit crypto projects and there are others that are just scams or shitcoins, this is just an example.

     But I'm not saying that you shouldn't invest in crypto, I think we shouldn't make a hasty decision so that our capital doesn't go to waste.

I recommend learning before investing. In cryptocurrency, most new investors invest without proper knowledge; they base their decisions on the hype and the vloggers who introduce it. Agree with this, jumping to the conclusion that you can earn once you invest, even without knowledge. Also, be wary of scams; always conduct a background check and search for everything about the projects you want to invest in. Perform your research before getting your funds.

Sometimes beginners always skip this important step (analysis). they sometimes always believe more in influencers who suggest investing in a project, and get carried away by the hype. maybe if it is a short term investment it can be tolerated and can even be profitable as long as we know when to enter and when to leave. like entering investing at the beginning of the hype and after seeing the hype at its peak then rushing out of the investment because after the hype is at its peak then that is a sign that the hype will end. but following the hype for long-term investing is a fatal mistake that beginners usually make.

That is why those new coins going out in the market are hiring influencers to do a video and promote it on their channel or page. Most newbies will follow the influencers' financial advice. This really happens a lot; there are a lot of influencers who do this but end up losing all their money. Only influencers can benefit from it, and after the coin hype is gone, the influencer will not give any statement. Nowadays, most newbies only do their research after being scammed; they have learned from their hard mistakes.

[Maidak]

Nowadays, most newbies only do their research after being scammed; they have learned from their hard mistakes.

We've all gone through those stages ourselves and it's not too bad, right? Sometimes free tips won't get much attention but once we have to spend money to get those lessons back, it becomes more valuable. For me, I also don't want to give too much advice to newbies, the best way is to let them experience it for themselves and they will quickly learn their lessons after losing money. It's not that we are heartless, but to succeed, they need to know how to taste failure and then stand up for themselves.

[albon]

5. Don't invest suddenly

     - In my experience, I have also participated in this type of investment without thinking immediately or doing research because I was just
     carried away by the hype. It's just like the "Get rich quick" where your 1k$ will turn into 10k$ after 3 days, things like that. Just like before
     the rise of cryptocurrency projects, there were a lot of them but in the end, they turned out to be scams, but I don't blame them all
     because there are legit crypto projects and there are others that are just scams or shitcoins, this is just an example.

     But I'm not saying that you shouldn't invest in crypto, I think we shouldn't make a hasty decision so that our capital doesn't go to waste.

Making hasty decisions without taking enough time to conduct research and the misconception about getting rich quickly is what makes any rich investor who has good capital lose it in scam projects and meme coins. Doing lengthy research about the currency project that you intend to invest in takes only a few hours and seeking advice from expert analysts takes only a few minutes, so we all have not to rush to make an investment decision, because this will depend on it, either you choose a good project and double your capital, or you lose your money and return to a life of poverty.

[CageMabok]

The theory to be rich is certainly very much and massive even when I was in school a lot of lessons to educate became rich, but in fact sometimes it is very different, many people who when school are lazy and do not graduate but after about 10 years he looks rich and there are smart friends but Become an employee.

Being rich is not seen from the background of which school graduates are, even though some people see this as a determination now. Because being rich doesn't always have to start from scratch as long as you can fight your laziness at work. You can see examples of family heredity in three people who are already successful and getting rich at this time, they are Jeff Bezos, Bill Gates, and Elon Musk who now have very extraordinary businesses and have become very rich.

[xSkylarx]

Nowadays, most newbies only do their research after being scammed; they have learned from their hard mistakes.

We've all gone through those stages ourselves and it's not too bad, right? Sometimes free tips won't get much attention but once we have to spend money to get those lessons back, it becomes more valuable. For me, I also don't want to give too much advice to newbies, the best way is to let them experience it for themselves and they will quickly learn their lessons after losing money. It's not that we are heartless, but to succeed, they need to know how to taste failure and then stand up for themselves.

It is very hard, but it's true. I've been scammed in a Ponzi scheme investment before, which woke me up and taught me a lesson. I just remembered that the only way to earn bitcoin before was to buy and profit from it through investments, much like in a Ponzi scheme, but it turns out I was duped! I really felt bad that day. I wanted to punch the people behind it, but it turns out that it is such a good lesson not to do it again, and I was also able to find other ways to earn bitcoin, which is still my way to earn right now.

[serjent05]

I recommend learning before investing. In cryptocurrency, most new investors invest without proper knowledge; they base their decisions on the hype and the vloggers who introduce it. Agree with this, jumping to the conclusion that you can earn once you invest, even without knowledge. Also, be wary of scams; always conduct a background check and search for everything about the projects you want to invest in. Perform your research before getting your funds.

True we really need to do our own research and verify all the information we read or heard.  There are lots of shills and fraud advertisers in cryptocurrency.  Many of then even create fake news that if left unchecked can trigger FOMO in those who have no knowledge of the actual situation.  We should always check the sources of information and stay away from projects and cryptocurrency that do this kind of dirty trick.  Projects that are lying about their news and promotions should be avoided at all cost.  They are liars and possibly won't hesitate to rug-pull their investors and run away with the investors' money.

So it is really advisable to do in-depth- research and the background of the people behind the project before we invest in.

[bitgolden]

It is not easy to become rich and it is not a day plan work,  it is a plan work that can Take some long time.  To become rich many things required to be done,   becoming rich means a lot that one needs to be very discipline on how money should be spent well.  One of the things many people finds very difficult is how to save money. 

One  who is not strong enough and discipline will always find it difficult to save money to become rich. Acquiring wealth requires a lot self work to be done, and staying rich is a difficult task.  Being rich is not the end of everything but how to remain rich.

I would suggest that smart investment is also a very key factor how to make money as well. Something that could go up in value, and also give you an income at the same time is a key way of investing. Something that you can invest and pay you dividends that is higher than the loan you may take for example is even smarter, that way you would invest, but also would pay the loan back with the dividends where the initial capital would just grow.

ETH is a great example of this, it is paying as high as 5-6% in most places if I am not wrong, and you could maybe find loans that low yearly? Maybe not. At the end of the day smart investment is always the key, otherwise we all could buy the latest iphone with our money, but it won't be smart way of spending our money.

[stomachgrowls]

2. Don't brag about having a lot of money

Keep and make yourself that simple on which you dont really brag your richness into public or trying out to impress everybody on what you had attained.
This is safety hazard which is something you do really need to avoid as much you could.Better to be silent and do continue to grind and
achieve that financial freedom that you are really aiming for. Dont make yourself get exposed that you do have lots of money
or else you would be risking your life.

[Crypto Legend]

If we read a lot of articles or writing to be rich then most will say 2 things that continue to increase income and continue to reduce expenses, in theory of course it's easy but when I want to apply all the theories that happen is different, difficult to increase income and easy to spend money .

[Cling18]

2. Don't brag about having a lot of money

Keep and make yourself that simple on which you dont really brag your richness into public or trying out to impress everybody on what you had attained.
This is safety hazard which is something you do really need to avoid as much you could.Better to be silent and do continue to grind and
achieve that financial freedom that you are really aiming for. Don't make yourself get exposed that you do have lots of money
or else you would be risking your life.

Money will surely impress people, especially the opportunist and they might only take advantage of you. Not everyone around you will celebrate your success but rather wish you bad luck because of envy and jealousy. It's better to win and enjoy your success in private because you don't have to please or even prove anything to the people around you. You can inspire others because of your success but not everyone sees the good side of it.

[sovie]

2. Don't brag about having a lot of money

Keep and make yourself that simple on which you dont really brag your richness into public or trying out to impress everybody on what you had attained.
This is safety hazard which is something you do really need to avoid as much you could.Better to be silent and do continue to grind and
achieve that financial freedom that you are really aiming for. Don't make yourself get exposed that you do have lots of money
or else you would be risking your life.

Money will surely impress people, especially the opportunist and they might only take advantage of you. Not everyone around you will celebrate your success but rather wish you bad luck because of envy and jealousy. It's better to win and enjoy your success in private because you don't have to please or even prove anything to the people around you. You can inspire others because of your success but not everyone sees the good side of it.

sometime all the bookish knowledge remain on one side and there are new rule we have to see and experience all the time in our lifetime
life is so unpredictable and they give so many lesson at every stage of the life

[janellebowlerr]

5. Don't invest suddenly 
Is the result of "not spending without a plan" I suppose. Before making any investment decision, you need to take an honest look at your overall financial situation, especially if you have never invested before.

[Fortify]

5 things you should not do with your money to get rich or advance your lives

1. Don't spend without a plan

2. Don't brag about having a lot of money

     - This is correct because it is your money where you can do whatever you want to do with your money. But whether we admit it or not,
        being arrogant is also the reason for handling or mishandling our money.

              "2 things when you have a lot of money"

                      a. You make a new friend.
                      b. You have a close relative.

3. Don't always buy something that loses value


4. Don't waste money on useless things


5. Don't invest suddenly

These are some very wise observations, unfortunately most of these are in reality only learned through trial and error. Hopefully the errors are small enough and the person is intelligent enough to assess them before they get too out of control. However things like not investing too suddenly can also be tricky to gauge - just look at crypto, many people thought they were investing early on, watched it go all the way up to $65k and are still holding it after it fell back down to earth. Knowing when to cut your losses and accept a failed investment can be very important too - many people have the opportunity to cash out over a long time but end up losing everything instead.

[lienfaye]

5. Don't invest suddenly

I agree with all that you've said, and this one is the common mistake of people who are eager to gain through investing. I've seen many investors attracted to invest their money because of hype, they want to join the trend and hoping to earn like what others do. Then they will end up losing their money because of their sudden decision to invest even without knowledge about it. It's a lesson for many of us to always be careful when it comes to investing, and do your part by filling your mind with knowledge to have a better understanding.

Because it's hard to earn money so don't blindly invest in any kind of investment if you're not certain. If your goal is to be rich then think of what you should do and what can help you to achieve it.

[xSkylarx]

If we read a lot of articles or writing to be rich then most will say 2 things that continue to increase income and continue to reduce expenses, in theory of course it's easy but when I want to apply all the theories that happen is different, difficult to increase income and easy to spend money .

There are a lot of articles online that have guides on how to be rich but not always successful. Most of the time, the article writers really suggest that you invest in business, forex, stocks, and crypto. That is mostly what they say, but you still have a lot to go through if you want to take a risk on this. You are right that it is easier to spend money than to earn, but I am hoping that soon it will be balanced because we are earning a lot of money from our investments.