What are some financial secrets that you know of?

[Dickiy]

Be inquisitive with effort, not every day we always succeed in our financial ambitions so it is better to study everything that will make it grow. Avoid things that you know will ruin your finances such as debt, and fancy things. Make progressive use of your finances such as finding things you can invest in. But always remember that even if we lose, don't lose hope in life's trials especially financially.

This is true and I agree with you. Studying and empowering oneself with education and knowledge is a great foundation in ensuring financial success. The grind will be constant and so is the hunger for learning as the world continues to develop. Success and failure are also not markings for endings, but a sign for progress.

Well said mate. Success will never be achieved if knowledge and skills are not developed at first. Empowering oneself is the best strategy so that you will know and be guided on the things that will make you prosper in life. And by adopting the right mindset and the good attitudes towards your goal, I believe success will easily come to you after you hardwork and perseverance paid off.

Everyone will agree that they will be able to produce or achieve success with a number of basic factors, namely as you mentioned skills and knowledge are needed there, and I will add a little that one must also be prepared in any way, they must do research first about what business they will live and of course that suits them. Everyone will have a chance at whatever comes his way. In this day and age, I think knowledge is easy to find, we can get it from many sources around us, including social media, which we approach all the time. Then in terms of capital there are also many who provide loans with small interest amounts, with these modern conditions everything looks easy if we want to do it and work hard.

Even though on the other hand, competition is now quite tight in business, but we can see that many potential youths are able to create something extraordinary, they have managed to achieve their dreams even though the competition is quite fierce. The question now is whether or not we want to make progress in our lives, they always say yes but don't do it. To be honest, indirectly I am also encouraging myself.

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[DeathAngel]

I dunno if I would class them as secrets but some things I find useful which I guess I could pass off as advice are -

Automating savings, you can set up monthly transfers to your savings account. You can Use cash back credit cards, earn while you spend. Maybe invest in low cost index funds, they often outperform actively managed funds.

Utilise tax advantaged accounts. Maximise 401(k), IRA, & HSA contributions. Always try to pay off high interest debt quickly. It reduces total interest paid. Regularly review your expenses, try to cut unnecessary costs.

[puloweh555]

It is not easy to get business partners because you have to show your business plans to get it. There is a chance that their goals are different but if everyone gets along right away they will have a stable business. It is true that having business partners is very helpful because it will increase the capital investment and above all it will be easier to handle the establishment of the business.

What you said is true, I have had two failures in business partnerships. At first I believed because we had known each other for a long time, high school friends, agreed to do business together, agreed to deposit capital into the account, the business was doing quite well and should be profitable after we broke up, but the answer was that there was no money. I checked the account and found that there is. So the conclusion is that just trusting capital is not enough to build a partnership, even though our friendship history is good. As you said, siblings, even husband and wife, let alone best friends, are not necessarily compatible in the partnership business.

Usually a person who likes to fight and doesn't like to complain will not be whiny easily when he stumbles over something while running a business, because he will prefer to stay strong as long as he knows how and still has a path for him to take on his own. Most successful businessmen are businessmen who are not whiny and complaining, even though a small portion is based on inheritance from their parents or continuing their long-running business. But I wouldn't call him a business fighter because people who continue the business from their parents are people who have never felt the bitterness of struggling from the bottom alone.

Of course, if you want to be a successful entrepreneur, you have to change your mindset. So it is important for us to learn and instill in us how important it is to be brave, persistent and creative in achieving success in doing business. Stumbling is a common thing in every business, what is unusual is how we can get up afterwards.

[chrisculanag]

Be inquisitive with effort, not every day we always succeed in our financial ambitions so it is better to study everything that will make it grow. Avoid things that you know will ruin your finances such as debt, and fancy things. Make progressive use of your finances such as finding things you can invest in. But always remember that even if we lose, don't lose hope in life's trials especially financially.

This is true and I agree with you. Studying and empowering oneself with education and knowledge is a great foundation in ensuring financial success. The grind will be constant and so is the hunger for learning as the world continues to develop. Success and failure are also not markings for endings, but a sign for progress.

Well said mate. Success will never be achieved if knowledge and skills are not developed at first. Empowering oneself is the best strategy so that you will know and be guided on the things that will make you prosper in life. And by adopting the right mindset and the good attitudes towards your goal, I believe success will easily come to you after you hardwork and perseverance paid off.

Everyone will agree that they will be able to produce or achieve success with a number of basic factors, namely as you mentioned skills and knowledge are needed there, and I will add a little that one must also be prepared in any way, they must do research first about what business they will live and of course that suits them. Everyone will have a chance at whatever comes his way. In this day and age, I think knowledge is easy to find, we can get it from many sources around us, including social media, which we approach all the time. Then in terms of capital there are also many who provide loans with small interest amounts, with these modern conditions everything looks easy if we want to do it and work hard.

Even though on the other hand, competition is now quite tight in business, but we can see that many potential youths are able to create something extraordinary, they have managed to achieve their dreams even though the competition is quite fierce. The question now is whether or not we want to make progress in our lives, they always say yes but don't do it. To be honest, indirectly I am also encouraging myself.

As long as there is knowledge in every business trend, it is sure to yield great results. Social media is also a big help in strengthening our business because it is easy to share the business we have with people. You have a point that someone who wants it must have the skill to make a business because otherwise he is forced will definitely have a hard time growing it.


So when we talk about business, we need to first look at every place where we can put our business plan because if we don't look at them, we will have a hard time competing with other entrepreneurs. If we need to visit the businesses around to get an idea, then we will increase our knowledge that they don't have, surely our business has a chance to prosper.Every business can be copied as long as you know how to put or add twists to make it more unique.

It is not easy to get business partners because you have to show your business plans to get it. There is a chance that their goals are different but if everyone gets along right away they will have a stable business. It is true that having business partners is very helpful because it will increase the capital investment and above all it will be easier to handle the establishment of the business.

What you said is true, I have had two failures in business partnerships. At first I believed because we had known each other for a long time, high school friends, agreed to do business together, agreed to deposit capital into the account, the business was doing quite well and should be profitable after we broke up, but the answer was that there was no money. I checked the account and found that there is. So the conclusion is that just trusting capital is not enough to build a partnership, even though our friendship history is good. As you said, siblings, even husband and wife, let alone best friends, are not necessarily compatible in the partnership business.

Next time mate we look for a business partner, we should really plan and have a document to make everything fair, it's hard to trust now so we should be doubly careful even if it's a close family member or friend.Hopefully your experience will be a lesson for you and you will definitely not fail again.

[CageMabok]

That is one of the most vital characteristics that a successful businessman should have. They do not complain during times when it feels like everything is going down for them, instead, they find solutions and face their problems head-on. Understandably most businessmen like these are those who built the business from the bottom as they are the ones to experience the hardship of building something from nothing. However, it should be noted that some businessmen who inherited their business from their parents can still have the same characteristics as some parents require their children to start from the bottom before placing them in a higher position. Although it might not be the same hardship it is still a situation that may push them to learn such characteristics.

Some parents who want to create the same characteristics in terms of business for their children are for the sake of showing how difficult they have experienced in the past when developing a business and that is absolutely not wrong to do even though what the child will feel it will not be the same as what is felt by other people's children who build a business from scratch. I have also encountered what you say in life, where rich people who already have several businesses also want their children to learn from the basics about business matters. And also how to manage it quite well because it is considered as the basic capital of the child when he is no longer living in this world.

You have a point there, it's good to have business partners who know how to agree with our plan. Because there will be understanding and there will be more cooperation because of this. It is also right to have agreements because it is very important for the beauty of the business that includes good plans for building their business. Because of the understanding there is a chance to have a big profit.

Partners are part of a relationship where if a business owner can have more relationships with agreements and a good understanding of cooperation, then their business development can also occur more easily when the marketing of their products continues to increase from time to time every year. Because in addition to a plan to get profits every year, the business owner must also have a plan to expand the business with a wider area coverage in order to get a more equitable development.

Of course, if you want to be a successful entrepreneur, you have to change your mindset. So it is important for us to learn and instill in us how important it is to be brave, persistent and creative in achieving success in doing business. Stumbling is a common thing in every business, what is unusual is how we can get up afterwards.

Rising after stumbling can only be done by those who are professional and wise in understanding the conditions for business trips, because not everyone can get back up when they stumble or fall while running a business. Especially if it's someone who has used more capital in his life for a business, of course there will be a feeling of frustration that he will feel even though that feeling doesn't need to be expressed or shown to everyone when he has fallen.

[BigBos]

Rising after stumbling can only be done by those who are professional and wise in understanding the conditions for business trips, because not everyone can get back up when they stumble or fall while running a business. Especially if it's someone who has used more capital in his life for a business, of course there will be a feeling of frustration that he will feel even though that feeling doesn't need to be expressed or shown to everyone when he has fallen.

Well that's right, and when someone is in a position like that then I think it will go back to each person's personality, if they don't have a strong mentality then it is certain that they will stop halfway, I mean when they are down by experiencing things that make them fall then they will stop there. This is one of the facts experienced by several people who experienced failure in carrying out the business process. Then in terms of capital, yes, it is very influential, when they have small capital then they must be more careful in making every decision for their business expenses, lest they have partners who cannot be trusted which in the end most of them will be deceived on some agreements or agreements.
For frustration it is very likely that they experience especially for some people who live with small capital, because maybe the small capital they carry is the only hope they can utilize.

[Pierre 2]

I think I learned the best financial secrets in later which were all clearly in my sight but I was blind to see. First one is to use debts wisely to leverage your position. With good timing you can secure your future through real estate investments by being little bit indebted. Second is to always keep saving no matter what people say. If you spend a lot to buy unnecessary products you are selling your life away (let's assume you are laborer). First thing to do is to exit labor and generate money. Always.

[dunfida]

Rising after stumbling can only be done by those who are professional and wise in understanding the conditions for business trips, because not everyone can get back up when they stumble or fall while running a business. Especially if it's someone who has used more capital in his life for a business, of course there will be a feeling of frustration that he will feel even though that feeling doesn't need to be expressed or shown to everyone when he has fallen.

Well that's right, and when someone is in a position like that then I think it will go back to each person's personality, if they don't have a strong mentality then it is certain that they will stop halfway, I mean when they are down by experiencing things that make them fall then they will stop there. This is one of the facts experienced by several people who experienced failure in carrying out the business process. Then in terms of capital, yes, it is very influential, when they have small capital then they must be more careful in making every decision for their business expenses, lest they have partners who cannot be trusted which in the end most of them will be deceived on some agreements or agreements.
For frustration it is very likely that they experience especially for some people who live with small capital, because maybe the small capital they carry is the only hope they can utilize.

Sometimes having that small capital would really be having that kind of driving force on which you could really be able to make your every step would really be that something meticulously be done because you do know that

you do have that limited funds which in every step you would make should really be having that kind of assurance or being sure that it is really that getting in line on what you had analyzed.Its true that alteration of decisions
would definitely be something that could differ on each person because there are ones who do really easily give up on the time that they would really be experiencing some disaster and there are ones who do really withstood no matter how harsh the challenges that they would be able to face on. In speaking about financial secrets then we could really be able to read up tons of ebooks or words online about those basic things which it is really that again and again or endlessly been that recommending but not all people would really be able to follow despite of being known because of those common factors like emotional situations on which it could really
that distract you on achieving your goal or sticking on what you do have in mind.

[Kasabus]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

There’s no secrets but hardwork and patience pay off. And by simply investing on yourself by gaining knowledge and first hand experiences, when you consistently work on it, you’ll be rich faster than what you think. As there’s no shortcuts to success and being wealthy, everything starts with a goal and achieve it through taking advantage every opportunity that comes, and never miss any single of it.

[awik p]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

There’s no secrets but hardwork and patience pay off. And by simply investing on yourself by gaining knowledge and first hand experiences, when you consistently work on it, you’ll be rich faster than what you think. As there’s no shortcuts to success and being wealthy, everything starts with a goal and achieve it through taking advantage every opportunity that comes, and never miss any single of it.

reading opportunities is really needed to get rich, and of course with a normal process and instilling discipline in everything can help us to achieve success. there is no need to avoid what should be our obligation, because of course that way we will become rich inside and out, with a calm heart we seem to be the luckiest people and of course we can benefit many people in need

[Bloodseekers]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

There’s no secrets but hardwork and patience pay off. And by simply investing on yourself by gaining knowledge and first hand experiences, when you consistently work on it, you’ll be rich faster than what you think. As there’s no shortcuts to success and being wealthy, everything starts with a goal and achieve it through taking advantage every opportunity that comes, and never miss any single of it.

reading opportunities is really needed to get rich, and of course with a normal process and instilling discipline in everything can help us to achieve success. there is no need to avoid what should be our obligation, because of course that way we will become rich inside and out, with a calm heart we seem to be the luckiest people and of course we can benefit many people in need

Reading is a very good thing to make a habit for those who have free time by reading can provide information and knowledge for the reader. Having a calm heart will make it easier for us to face every challenge we get, of course this will make us look like people who don't have any problems with anyone.

[dothebeats]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

There’s no secrets but hardwork and patience pay off. And by simply investing on yourself by gaining knowledge and first hand experiences, when you consistently work on it, you’ll be rich faster than what you think. As there’s no shortcuts to success and being wealthy, everything starts with a goal and achieve it through taking advantage every opportunity that comes, and never miss any single of it.

reading opportunities is really needed to get rich, and of course with a normal process and instilling discipline in everything can help us to achieve success. there is no need to avoid what should be our obligation, because of course that way we will become rich inside and out, with a calm heart we seem to be the luckiest people and of course we can benefit many people in need

I agree. By investing time and effort into discovering and learning new things via reading, we are able to learn and adapt various skills and ideas that can help us achieve success and financial independence. Knowledge after all is power. The more you know about something you are interested in the more you are ready to make a move and face any situations head-on, may it be positive or negative. Knowledge also acts as an instrument for prevention as it prevents individuals from making wrong choices and reckless decisions.

[slapper]

Rising after stumbling can only be done by those who are professional and wise in understanding the conditions for business trips, because not everyone can get back up when they stumble or fall while running a business. Especially if it's someone who has used more capital in his life for a business, of course there will be a feeling of frustration that he will feel even though that feeling doesn't need to be expressed or shown to everyone when he has fallen.

Well that's right, and when someone is in a position like that then I think it will go back to each person's personality, if they don't have a strong mentality then it is certain that they will stop halfway, I mean when they are down by experiencing things that make them fall then they will stop there. This is one of the facts experienced by several people who experienced failure in carrying out the business process. Then in terms of capital, yes, it is very influential, when they have small capital then they must be more careful in making every decision for their business expenses, lest they have partners who cannot be trusted which in the end most of them will be deceived on some agreements or agreements.
For frustration it is very likely that they experience especially for some people who live with small capital, because maybe the small capital they carry is the only hope they can utilize.

Sometimes having that small capital would really be having that kind of driving force on which you could really be able to make your every step would really be that something meticulously be done because you do know that

you do have that limited funds which in every step you would make should really be having that kind of assurance or being sure that it is really that getting in line on what you had analyzed.Its true that alteration of decisions
would definitely be something that could differ on each person because there are ones who do really easily give up on the time that they would really be experiencing some disaster and there are ones who do really withstood no matter how harsh the challenges that they would be able to face on. In speaking about financial secrets then we could really be able to read up tons of ebooks or words online about those basic things which it is really that again and again or endlessly been that recommending but not all people would really be able to follow despite of being known because of those common factors like emotional situations on which it could really
that distract you on achieving your goal or sticking on what you do have in mind.

People make judgments more carefully due to restricted capital and means. What you say reminds me of societies that had to make tough decisions with limited resources. Less money doesn't always mean better decisions. Due to the stakes and consequences, we make better decisions

Countries and people are molded by various factors, some unrelated to money. Strength isn't everything. Change, learn, and grow

Despite the abundance of financial aid, I don't think emotions are the only thing stopping people from following it. Relevance, context, and fast-changing social and economic conditions are key. Advice doesn't always work. Consider customized replies and plans instead of generic e-books

[JayJuanGee]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

There’s no secrets but hardwork and patience pay off. And by simply investing on yourself by gaining knowledge and first hand experiences, when you consistently work on it, you’ll be rich faster than what you think. As there’s no shortcuts to success and being wealthy, everything starts with a goal and achieve it through taking advantage every opportunity that comes, and never miss any single of it.

reading opportunities is really needed to get rich, and of course with a normal process and instilling discipline in everything can help us to achieve success. there is no need to avoid what should be our obligation, because of course that way we will become rich inside and out, with a calm heart we seem to be the luckiest people and of course we can benefit many people in need

I agree. By investing time and effort into discovering and learning new things via reading, we are able to learn and adapt various skills and ideas that can help us achieve success and financial independence. Knowledge after all is power. The more you know about something you are interested in the more you are ready to make a move and face any situations head-on, may it be positive or negative. Knowledge also acts as an instrument for prevention as it prevents individuals from making wrong choices and reckless decisions.

Of course, investigating and reading (like Bloodseekers mentioned above) are forms of action, yet in order to really attempt to make progress there likely needs to be actions that go beyond reading and investigating, and surely the ways that action takes place can start out small and build up to getting BIGGER.. It seems that anyone who gets to the BIGGER stage, needs to have had been engaging in a variety of practices along the way, and learning through practice that gives feedback that is more practical than mere reading and investigating.. yet the ongoing and persistent reading and investigating can become more focused when it is informed by various real world actions.

[MarjorieZimmermanGinger]

Hey everyone. What are some of your wealth secrets that you could share with us?

There is no secret wealth that we can take to do. But you have to have a plan and capital if you want to get rich and even then it will be in accordance with the amount of money you use.

Buying homes with cash and taking loans out on it?

This will add to the problem instead of making it easier. Taking a loan to buy a house is the same as we depend on problems that will arise in the future.

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

Your post does not lead to one discussion and I see there are many things that have no relationship between one another. Avoiding taxes is the same as you don't comply with the rules and if you live in a legal country, the rules cannot be ignored according to our wishes. How can you possibly achieve wealth if you ignore tax rules because in fact the wealth we have has the rights of other people in it, for example the rights of the poor which are facilitated by state taxes. Except when you try to take advantage of investing in bitcoin independently which does not require taxes every time you make a profit, but taxes will be charged when converting bitcoins to fiat through a centralized exchange.

[adultcrypto]

.. It seems that anyone who gets to the BIGGER stage, needs to have had been engaging in a variety of practices along the way, and learning through practice that gives feedback that is more practical than mere reading and investigating.. yet the ongoing and persistent reading and investigating can become more focused when it is informed by various real world actions.

I couldn't agree more with you. I'm yet to find a single person at the top who got there by accident...it is always a product of habit developed over the years. I have watched interviews of several big guys and one thing that is constant among them is result driven habits that is hinged on knowledge in their respective areas.

Christiano Ronaldo, the famous footballer is known to be so dedicated to training with huge discipline to his career. I once read somewhere that he is always the first to appear in training and the last to leave. Same things go for Leonel Messi... the list is endless.

Your post does not lead to one discussion and I see there are many things that have no relationship between one another. Avoiding taxes is the same as you don't comply with the rules and if you live in a legal country, the rules cannot be ignored according to our wishes. How can you possibly achieve wealth if you ignore tax rules because in fact the wealth we have has the rights of other people in it, for example the rights of the poor which are facilitated by state taxes. Except when you try to take advantage of investing in bitcoin independently which does not require taxes every time you make a profit, but taxes will be charged when converting bitcoins to fiat through a centralized exchange.

I don't think that moving one's business to a tax haven is legally wrong. Companies do that including big corporations like Shell. According to this article, several multinationals do this to avoid paying huge taxes. I do not say this is morally right but in the eyes of the law, they committed no offence.

[Dr.Bitcoin_Strange]

There is no secret wealth that we can take to do. But you have to have a plan and capital if you want to get rich and even then it will be in accordance with the amount of money you use.

You are right, mate. I don't even know why some people think that there's really a secret to archiving wealth. While there are just some general rules to acquiring wealth, if anyone truly follows them, they can also build more Wealth for themselves. Also, some people attach more liability and too much responsibility to themselves, which continually keeps them on one level; they never seem to level up because they have a lot of things on them.

In some parts of the world, some people are getting married to more than one wife, while others are giving birth to more than six children. Some people too are only receiving a small amount of salary every month, but yet they are showing off as if they have a lot of money to spend, and this causes them to even spend more than they earn. Some people don't also save to invest or to archive any goals; all they do is eat all they earn and even take credit.

There is one rule for archiving financial success, which states, "Never spend your earnings while you are yet to earn them." That's for those that take credit often; they take credit to the extent that any time they receive a salary, about 80% of their salary is allocated to settling debts. These are all simple rules that, if followed, will lead to the acquisition of wealth. It's never a secret.

[Japinat]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

This is not a secret anymore as everyone that gets rich has started from it. By knowing what rich means to you and how can you achieve it, then you have to define your financial goals first as that will serve not only your target but your guide as well to become wealthy. Next, work on it and through taking some potential investments from your deep research, once it’ll start to generate profits, you’ll eventually gain money and start earning. By reinvesting into another profitable investments, you’ll end up being rich one day. And by investing in your health as well, which I think is mostly overlook, then it’s easier for you to achieve financial wealth next to it.

[Rockstarguy]

I dunno if I would class them as secrets but some things I find useful which I guess I could pass off as advice are -

Automating savings, you can set up monthly transfers to your savings account. You can Use cash back credit cards, earn while you spend. Maybe invest in low cost index funds, they often outperform actively managed funds.

Utilise tax advantaged accounts. Maximise 401(k), IRA, & HSA contributions. Always try to pay off high interest debt quickly. It reduces total interest paid. Regularly review your expenses, try to cut unnecessary costs.

Savings is one of the most important thing when it comes to trying to be financially stable, but saving alone is not enough. Not spending Wisely on things that are not necessarily important and spending uncontrollable can make all the time  use in saving money to be effortless. To become rich  or financially stable lot of work to be discipline must be done, spending money on getting too much flashy things can be a limitation of becoming financially stable.

[Raflesia]

I think I learned the best financial secrets in later which were all clearly in my sight but I was blind to see. First one is to use debts wisely to leverage your position. With good timing you can secure your future through real estate investments by being little bit indebted. Second is to always keep saving no matter what people say. If you spend a lot to buy unnecessary products you are selling your life away (let's assume you are laborer). First thing to do is to exit labor and generate money. Always.

In conditions like this, maybe for some people it can be done but when talking about debt if we can't do it well then in my opinion it's better not to do it.
For some people, debt may be maximised with some careful calculations so that their living conditions are better but on the other hand it can also be a double-edged knife because if it is wrong in allocating the loans made, this can actually kill yourself.

I don't have a problem with this kind of strategy, but if there is another strategy by not using loans then I think it is a good choice.