How to developed your capital

[boty]

There are only two types of people in this world or the era we are facing today: the rich and the poor. As the saying goes "The rich get richer and the poor get poorer". But there are poor people who persevere and find a way to get out of poverty. And what others do is take the little money that other poor people have and try to grow it by setting up a small business. They try to grow it even if the income is small at the beginning. As long as there is a profit that comes in, it is not impossible to eventually get out of poverty. But great patience and sacrifice are needed to face this matter.

Well, the statement that says rich are getting richer is completely right but some rich generation today are not rich as they used because either the person that amass the wealth is dead and mismanagement of the heir destroy the chain or the person who amass the wealth became relax and today, they don't have the type of wealth they used to have. The only thing they have in their wealth that makes way for them is their names, there are popular people here in my country who were once regards are wealthy people but today, they dobn't have much and not poor though, just like middle class people.

Things that were sold yesterday for one cent are sold 10 times the original amount and this is nothing but the work of inflation. To stay out of this shame of becoming poor, you must continue to strive and work hard and hope that your inheritance are fairly manage by anyone who takes next your wealth because the dead can't do nothing after they stop breathing.

We often see mistakes in managing assets that have been left behind by people who have died, perhaps they are complacent with what they already have so they don't manage well what their parents have left behind and they realize it when everything they have has run out and they have nothing and they have to do any work to be able to meet their needs.
This could be their mistake in educating their children by pampering them and not teaching them to be independent so they cannot develop what their parents have so we need to learn to be independent even though we come from families that have a lot of wealth because no matter how much wealth people have The old things we leave behind will run out if we can't manage them well.

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[hafiztalha]

I see many poor , who are poor because of their poor mentality. They make decisions like a poor person. They take loan, they take motorcycle on monthly installment. They save their money and do not invest. They take house whose rent they cannot afford. They are financially illiterate. They do not focus on their mistakes that were made by them. They do not develop learning habit. They do not read books on financial wisdom. They take liabilities, that take money from their pocket. If they have their own house to live, they say that this is an asset a nd should be biggest investment for them. They do not work on skills. They waste their time on social media. They are available on every social media platform being a user.

[G_Besar]

We often see mistakes in managing assets that have been left behind by people who have died, perhaps they are complacent with what they already have so they don't manage well what their parents have left behind and they realize it when everything they have has run out and they have nothing and they have to do any work to be able to meet their needs.

Maybe you're the only one who often sees people like that in the area where you live, because now I've started to rarely see people having fun with the wealth left behind by their parents except to put it into a business that can give them gradual profits. So it can be said that not everyone will do this with the assets left behind by their parents because there are still many people who are aware that finding assets is very difficult nowadays.

This could be their mistake in educating their children by pampering them and not teaching them to be independent so they cannot develop what their parents have so we need to learn to be independent even though we come from families that have a lot of wealth because no matter how much wealth people have The old things we leave behind will run out if we can't manage them well.

Mistakes in educating a child often occur in life, but not all parents in the past have made the same mistakes as other parents so that currently there are many parents who learn from other people's mistakes in educating their children so that not too pampered. Because excessive spoiling can also make it difficult for a child to become independent when he is an adult, so mistakes made by other people can also be a very valuable lesson for parents who are still alive so that they can teach their children well enough.

[CODE200]

I see many poor , who are poor because of their poor mentality. They make decisions like a poor person. They take loan, they take motorcycle on monthly installment. They save their money and do not invest. They take house whose rent they cannot afford. They are financially illiterate. They do not focus on their mistakes that were made by them. They do not develop learning habit. They do not read books on financial wisdom. They take liabilities, that take money from their pocket. If they have their own house to live, they say that this is an asset a nd should be biggest investment for them. They do not work on skills. They waste their time on social media. They are available on every social media platform being a user.

This is a good take. Sometimes being poor doesn't necessarily mean you're lacking financially, but it can also be about poor mindset and a poor habit. In order for us to avoid such things, we have to invest on building a good financial habits. To achieve this, the first thing that you can do is to have yourself educated. There are lots of resources especially in social medias which teach things about financial literacy. Doing this as your first step can mean a lot because if you're knowledgeable enough, you can never go wrong. Another thing you can do is to set your own financial goals, it's better to set a long-term goal as it will benefit you in the long run. This brings us to investments, which is I think the most important key in achieving financial independence. And when I say about investments, I'm not only referring to businesses, but you should also invest on your health, education, or even retirement.

[Ahli38]

I see many poor , who are poor because of their poor mentality. They make decisions like a poor person. They take loan, they take motorcycle on monthly installment. They save their money and do not invest. They take house whose rent they cannot afford. They are financially illiterate. They do not focus on their mistakes that were made by them. They do not develop learning habit. They do not read books on financial wisdom. They take liabilities, that take money from their pocket. If they have their own house to live, they say that this is an asset a nd should be biggest investment for them. They do not work on skills. They waste their time on social media. They are available on every social media platform being a user.

It cannot be denied that we often encounter such habits in our own environment. Yes, including in my environment. I have come across many people who do things like the ones you mentioned. And this really comes from an incorrect mindset or could be said to be a poor mindset. But I see that habits like this are now mostly carried out by parents who previously did not have enough knowledge about finances and technology. In fact, I see a lot of them wasting time commenting on social media without a definite purpose. But I see the positive side shown by the millennial generation and even younger ones. Many young people actually seem to be lazing around and lock themselves up in their rooms. And they are constantly connected to the internet. But it turns out that behind all that they have a rich mindset. Well, they run an online business and make money through various social media platforms. But sometimes their parents don't understand and blame the younger generation because they seem lazy. Even though they are developing their business through online media.

If we have a rich mindset. Then everything we enter can be used as a means to make more money. But if our mindset is not advanced. Then we will only become victims of social media addicts who cannot make a profit. Mindset is indeed important capital in financial progress.