Building wealth it's not just one time Luck

[Shortboss]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

You need to know everything about the topic you deal with specially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

[1714677283]

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[Poker Player]

You sound a lot like cryptoboss alt account or similar accounts to me. I guess I'll end up putting you on ignore but since I haven't yet, I'll reply.

Of course, it's not about one time luck, that happens if you win the lottery, and we don't call that "building" wealth.

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

No one builds significant wealth from trading with an initial capital of $50 without making additions. 

The rest of what you say are half-truths mixed with bullshit, but I'm going to stick with the positive: building wealth is a process where you have to know what you are doing, create a plan and follow it, which involves investing over long periods of time.

[Upgrade00]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

That's not how it works at all.
You can profit reasonably with $50 if you're lucky not to get liquidated first but you cannot build wealth with that. You need capital to have more room to stay in the game cause trades will not always go in your favour no matter how skilled you are.

Gambling is a huge part of investing and growing wealth.

[PytagoraZ]

You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.

[Poker Player]

Gambling is a huge part of investing and growing wealth.

I couldn't disagree more with this. From experience I can talk about building wealth, and I will not give you concrete data about quantities because you will have no way to check if I am telling the truth but according to my experience building wealth is a simple process, following a boring plan as follows:

1) Control income and expenses.
2) Spend less than you earn.
3) If you have consumer debt, get rid of it as fast as you can. And never get into consumer debt again.
4) Increase your income and get different sources of income.
5) Invest, invest, invest.

This is in line with the two most comprehensive studies on millionaires that have been done to date: The Millionaire Next Door and Everyday Millionaires.

[PytagoraZ]

~snip~  following a boring plan as follows:

1) Control income and expenses.
2) Spend less than you earn.
3) If you have consumer debt, get rid of it as fast as you can. And never get into consumer debt again.
4) Increase your income and get different sources of income.
5) Invest, invest, invest.

hahaha... I like your sentence. In essence, we have to live frugally and set aside money. The best way is to increase our monthly income so that we don't need to be too frugal because income is greater than expenses. However, in practice it is not easy, but it can be done. Youth needs to be utilized because the energy and mind are still strong enough to think about many things

[blockman]

The management part comes to play a big part in your wealth accumulation and retention. When you've been earning a lot of money and you invest it in many things but you're no good in management, you'll be torn apart and that's for real and no joke. While I do agree with what you've said, there are those people that can't retain what they're able to acquire and that's giving them the toughest lesson of their lives.
Because many that were able to accumulate wealth that came from nothing into something, don't know what to do and how to maintain it. Thus, they spend it in luxurious things that aren't income generating because the justification is that they deserve it. It's no problem and someone truly deserve it after hard work but don't put all that you have got in it.

[karabiber]

Gambling is a huge part of investing and growing wealth.

I couldn't disagree more with this. From experience I can talk about building wealth, and I will not give you concrete data about quantities because you will have no way to check if I am telling the truth but according to my experience building wealth is a simple process, following a boring plan as follows:

1) Control income and expenses.
2) Spend less than you earn.
3) If you have consumer debt, get rid of it as fast as you can. And never get into consumer debt again.
4) Increase your income and get different sources of income.
5) Invest, invest, invest.

You can invest by doing these things but only if everything goes well and you are prepared to spend 2/3 of your life. If I was living in the 1960s I would have done all of these things but nowadays you have to take into account that the liberal system puts you in debt to get rich. Debt is not something to be afraid of and when used correctly it can make you rich. We are living in a time of increasing inflation in the world and saving money may not be wise.

If you want to invest in this situation, the most sensible thing to do is to invest with debt or credit. However, you need to be careful when doing so. If you don't make the right moves, the debt or loan you take can also drag you into the depths of misery.

[Baofeng]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

It's easy as it sounds though, it takes a lot of mentality whether you are 18 or 80 years old to make generational wealth.

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

Of course, $50 will not bring you anything, I mean that is too small and it you need extreme luck to be able to make it even x10 or higher. So it's better to start big and let your money be your friend. Built it slowly or aggressively, it all depends on how you are going to do and accomplished your goal in the end. As much as we teach people I think only 1% will really learn how to build wealth and riches.

[Lida93]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders

Just had to take time to read your mixture of crap and a bit relative sense though. You sound like a business coach or a motivational speaker with a misplaced priority.

What tone of wealth will anyone build using $50 as start-up capital in this harsh economic dispensation and the crazy side of it is that you're talking about a real estate business for such meager amount that can't pay one worker salary in real estate management companies.

You just don't compare real estate investment to gambling, no  you don't do that. They are two different world apart, gambling is never an investment source and still not, so cut the crap and come back when you have something perfect for us to examine not this collateral junk.

[Husires]

Humans always love little work and big gains, and they feel unfair if they work long hours without achieving any profit, and they are very happy when they hear phrases such as, work from your home without getting tired and get 5 thousand dollars a day, or a way to convert a thousand dollars into a million dollars, or how it became Get rich without effort and invest in X cryptocurrency. All of these speeches incite emotions and are exploited by scammers and pioneers of human wishful thinking. Therefore, pyramid marketing schemes find their way to approval from individuals who are eager to get rich quickly and want to live like the rich live. Trading without a good financial background and investment is a quick way to lose money.

[rat03gopoh]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

No exception for you, I'm sure $50 is only a small amount that the average citizen of a poor country can afford. On the other hand, how rich would you be right now with $50? I saw your initiative in another post to set up a trading signals group.

Sl: 0.1630

Btw, did you bet $50 on this entry, it should have executed. May your group members not become poorer.

[Stepstowealth]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

Building wealth requires a very disciplined and financially intelligent approach to accomplish. And for someone wanting to be wealthy, money management starts from the little you earn or have first before money management for when you start earning bigger amounts. Money management involves how to manage what you have so you can have enough for investing, because it is from having proper investments that wealth comes. So I support the statement you have made that if you cannot build wealth with small money, you will not do it with big money.

[icalical]

Building wealth is always a long run, doesn't matter what industry you are in, not only crypto, in any business. The only way to be wealthy in a quicktime is by over-exploiting, and violating ethics. Many people could became rich, but only small amount of those rich people could become wealthy, a one-time luck could get you 50 Million, but keep those money and use it to build wealth is something that required a lot more than luck.

[KingsDen]

Building wealth is always a long run, doesn't matter what industry you are in, not only crypto, in any business. The only way to be wealthy in a quicktime is by over-exploiting, and violating ethics. Many people could became rich, but only small amount of those rich people could become wealthy, a one-time luck could get you 50 Million, but keep those money and use it to build wealth is something that required a lot more than luck.

Building wealth is one of the most difficult things to do. Most of the wealthy people you see today are the ones that inherited their wealth from their parents. This generation has the ability to make money, but the ability to multiply that money is where the problem lies. In order to have a generational wealth there should be able to have a consistent kind of investment over the years. This will no doubt open the door of generational wealth. When it is time for investment, invest only in things that you will not likely lose your money. Money is hard to earn but easy to lose. Avoid any kind of investment that will make you to lose money and and curtail your expenses. This is the way to building wealth.

[DeathAngel]

Not many things that are really good come easily, building wealth is no different. You could have limited access to quality education & resources which can hinder financial knowledge & skills necessary for wealth accumulation. Economic disparities, systemic inequalities & a lack of opportunities can handicap you. Building wealth requires discipline, long term planning & patience which can be difficult. You could say a lot of luck is even needed.

There could be unforeseen circumstances like economic downturns or personal setbacks that can impact wealth building efforts. But with determination, financial literacy & strategic decision making it is possible to overcome these obstacles & build wealth.

[jrrsparkles]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

Disagreed. Starting with $50 is not the same as starting with $5K and let me remind you that chances of withdrawing any profits you made from $50 will take months but with $50 it's going to be in seconds and the next big thing is withdrawal fees on exchanges so more money you withdraw the fee will become negligible and with your 50 dollars it is going to eat your capital in two withdrawal alone.

Building wealth or winning the lottery but it all ends up with the money on our hands so if you succeed with doing it even once then why not another time?

[Peanutswar]

People keep chasing too much to earn money, Based on the statement better to focus on one field it's too hard to manage all of those things, seek for better opportunities stick to the things you are good too and once you master make new challenges through trying another thing. Not all starts with a good run of making a profit you will experience ups and downs There's no consistent winning in life. You can't earn a lot of money if you don't take a risk and gamble the funds you have. Top earners make a lot of failures and lose a lot but they keep taking risks to become successful.

[yhiaali3]

There is no wealth that comes easily except through luck, such as gambling or inheritance, or through long-term investment in projects in which you have sufficient knowledge and experience.

But as I see it, most of the successful wealthy people who built their wealth on their own have achieved their wealth by investing in a new field. When a new technology or new invention appears, there is a great opportunity to achieve profits by trying to take advantage of the great profit opportunities and little competition, when the field of investment is new. Big profits can be made since there is little competition in the beginning.

[Adams0001]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

Reinvesting of your profit without good plan after gaining a lot of profit from the first investment can lead to total loss of money. Reinvesting with your capital, inclusive with the profit makes it more riskier without a proper investment strategy to achieve what was achieved the first time. You can’t always be lucky, but the smartest and most knowledgeable investors continue to win is such market.

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

$50 can also be your starting point in trading. You can continue adding more as you become more perfect in trading. Adding more money as startup capital does not guarantee you success in trading, but you are able to manage and place trade through knowledge you have achieved will help you do that. Perfection matters here more than the startup capital.

[Lorence.xD]

Wealth is could be earned by luck but it's not applicable to all people, so you would really need to earn it by working hard, being consistent, being knowledgeable and disciplined. So let's say that $50 dollar won't be enough for you to become wealthy to invest are you just gonna wait for your luck to achieve? People would literally take extra jobs or part time if you're a student just to have enough funds to invest. Well those examples you've mentioned might be needing a huge amount but little business would acttually a good start cause most successful person achieve it with experience. Luck and opportunity won't be siding on you if you can't even make an action to attain financial freedom.

[KiaKia]

As a crypto trader I have started with 50$ and more then I have lost count on how many times I end up blowing my account myself, if it's that easy to turn 50$ into millions many people would have done it over and over.

There is also a difference between getting the wealth and be able to maintain the wealth, if someone luckily become wealthy they can still end up going broke because they lack the knowledge to manage the wealth.

You can actually turn 50$ into a big amount if luck is on your side, because I could remember how people make lots of money investing little dollars into Shiba inu and recently pepe meme token, it could happen, but if it does it's not over, you need the skill to manage such wealth.

[lizarder]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

Depending on how you start and the extent of capital efficiency you apply, the strategy will apply when you start investing and will never happen if someone hasn't done it. Our question is what strategy would you have if someone had the capital to get involved in investing now?

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

You will never reach the stage of significant wealth in the near future if you only rely on $50 because trading will generate profits that are proportional to the capital we spend. It doesn't talk about the risks of trading itself because it is only at the stage of narrating the meaning of trading.

If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

Let's start one-on-one first and mention just one thing that is most urgent for us to discuss. Real estate is not a common business that can be implemented by most people, so there is no point in discussing it further and even if some people don't dare to take the risk of investing. There is no victory if someone does not dare to bet, but do not always see betting as a gambling concept. I mean, if you are going to try to invest anywhere, the step you choose will definitely want to risk money on that investment more rationally.

We will be much more rational when betting on bitcoin, gold or real estate investments and the concept is not betting like gambling. So the conclusion is where the first step you will start will be determined by how ready the capital support you have is. The comfort zone will not bring someone to the stage of big wins they want and they need to sacrifice something to achieve all that.

[michellee]

Learn how and try little by little, and if successful, repeat the process until you can get the second success, and so on. But if you fail, it doesn't mean you have really failed because it could be because you were too hasty to get the results.

Building wealth is very difficult. It requires high discipline to save on anything that can make you spend money you could have saved. You also need other things, such as focus on learning something that can give better results.

You have to pay attention to the time and process of the journey because most people cannot bear to go through the process and wait a long time. They just want to get instant results, which will not always happen.

[khiholangkang]

Wealth is could be earned by luck but it's not applicable to all people, so you would really need to earn it by working hard, being consistent, being knowledgeable and disciplined. So let's say that $50 dollar won't be enough for you to become wealthy to invest are you just gonna wait for your luck to achieve? People would literally take extra jobs or part time if you're a student just to have enough funds to invest. Well those examples you've mentioned might be needing a huge amount but little business would acttually a good start cause most successful person achieve it with experience. Luck and opportunity won't be siding on you if you can't even make an action to attain financial freedom.

'
Luck is the result of a meeting between abilities and opportunities in any field, it is a definite sentence and this can be gained by everyone, so multiply knowledge, experience and ability This will be sustainable with something that is your goal to get as a success in life including wealth, we agree that this is not easy to achieve, because if it's easy everyone can get their goals, both in business investment and other seconds that can provide wealth to people who want it, are Making an expert in the field you want, it will lead to better and easier to get profits/income.

As a crypto trader I have started with 50$ and more then I have lost count on how many times I end up blowing my account myself, if it's that easy to turn 50$ into millions many people would have done it over and over.

There is also a difference between getting the wealth and be able to maintain the wealth, if someone luckily become wealthy they can still end up going broke because they lack the knowledge to manage the wealth.

You can actually turn 50$ into a big amount if luck is on your side, because I could remember how people make lots of money investing little dollars into Shiba inu and recently pepe meme token, it could happen, but if it does it's not over, you need the skill to manage such wealth.

The simple logic that you convey is wealth can be easily obtained because of luck, whether getting a lottery, investing in the meme token and whatever the type is to increase our money, and yes I agree if luck on his side he could, and yes it is true that Not necessarily he maintains his wealth easily, because usually it will cause hedon when we have not been able to manage the wealth that is obtained through that luck.

[Yatsan]

More as well as a not a single night journey. It'll be a long way establishing wealth. Indeed you could be lucky as proven by people who won lotteries but if we think of it, not all people who have huge amount of wealth also won from lotteries. Given that not all of us would be lucky enough then what's our choice? It would be better to start walking until you meet that luvk and opportunity than to wait for things to happen on its own. It would be a win-win situation: starting on your own would put you to a place farther than where you came from and if luck would take place then it would be a better outcome and if luck won't happen atleast you already have your own progress.

Problem is people who solely depend on luck in order to achieve better things in life. They often disregard the amount of time they are wasting until something which has no assurance on its occurence, happen.

[Fiatless]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

Investing and reinvesting profits is a good way of building a business. Instead of spending the profit, putting it back into the business will expand and grow it faster.

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

Having an investment mindset is important if you want to create wealth. You can start with what you can afford and grow it over time. Some persons have enough but they don't care about investing. Before you invest in any sector you need to carry out extensive research to know the profitability and risk involved because you cannot control everything about the business. Some uncontrollable internal and external factors will affect the business. Every business has risks and sometimes our plans might not work the way we projected. Expecting profit from a business doesn't make it a gamble but we should do our research before investing.

~snip~  following a boring plan as follows:

1) Control income and expenses.
2) Spend less than you earn.
3) If you have consumer debt, get rid of it as fast as you can. And never get into consumer debt again.
4) Increase your income and get different sources of income.
5) Invest, invest, invest.

hahaha... I like your sentence. In essence, we have to live frugally and set aside money. The best way is to increase our monthly income so that we don't need to be too frugal because income is greater than expenses. However, in practice it is not easy, but it can be done. Youth needs to be utilized because the energy and mind are still strong enough to think about many things

If you increase your income and don't apply what @Poker Player advised, you might end up not saving enough to invest. Many people keep spending more as their income increases which will limit their ability to save. It is not about living frugally but applying discipline in spending. Based on the current economic problems, if you don't make sacrifices, you might not have enough to save. The rate of inflation in most countries is forcing many to cut expenses.

[Poker Player]

hahaha... I like your sentence. In essence, we have to live frugally and set aside money. The best way is to increase our monthly income so that we don't need to be too frugal because income is greater than expenses. However, in practice it is not easy, but it can be done. Youth needs to be utilized because the energy and mind are still strong enough to think about many things

Yes, it can be done. But the plan I am talking about is to accumulate a net worth of between $1M and $5M starting from 0 or very little. This would be for the USA but if you live in a not so rich country, maybe with a net worth of $0.5M or less you have already reached a considerable level of financial peace of mind.

For higher net worths, there is usually a need to create companies, leverage, influence management, things like that, which are not within everyone's reach. But getting rich, with time, working, saving and investing is within the reach of many people today.

As a crypto trader I have started with 50$ and more then I have lost count on how many times I end up blowing my account myself, if it's that easy to turn 50$ into millions many people would have done it over and over.

Thank you for confirming with your experience what many of us know:

No one builds significant wealth from trading with an initial capital of $50 without making additions. 

[alastantiger]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

Says who? Which yardstick was used for the measuring the $50 wealth building capacity you mentioned?

Some people started building wealth from $5000 and they were very successful at it. They had no prior experience in building wealth with $50. What they did was that they apprenticed under someone and earned about the business thoroughly before venturing out on their own.

[Adbitco]

Investment of 1 year to 6 years could take more years to effectuallized just as you had said that investment doesn't ends at investing once that is to say, whatever profits we ends up achieving at the first Q1 to Q4 we should always take profits and reinvest the profits to gain more profits yes this is true but. You can't expect everyone to behave like you and some of them do have their plans and strategies of investment and however you can't expect everyone to adopt to that principle of your investments style.

Also know that there are some investment including shitcoin someone could invest and made fortune out of it and their life's changes for good, sometimes being too desperate and eager for something makes us not being able to achieve the required height which we may need from it ( this includes not being developed in the state of heart and mind) then we could quickly jump into conclusion that you may not possibly makes profits from it.

But those who are determinants about some specific investment like taking advantage of this current situation of this market and reinvest after taking profit at the previous ATH could gives you the little changes that start accumulating wealth, sometimes most people calls it diversification of investments that leads us to building of wealth. This made me to say that sometimes all we need is information and a simple information can easily transform you from nobody to somebody which you doesn't need to pass through all manner of investment to be able to start building as you said.

[Fatunad]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

You need to know everything about the topic you deal with specially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

Yeah, this is just some sort of common sense things which you could eventually be able to say even if you a blindfolded. Yes, building wealth does take time and tons of efforts on which you would really be needing to experience and a little bit mix of luck since we know that investments do involves risks on which it would really be just that so normal that you would really be needing to take up risks to get that kind of possible chance or benefit on making profits on which it would be helping on build your empire but of course it would really be depending if you do set those kind of targets or really just that set lower. Each person does have their own different level of targets or goals in life when it comes to money but since we are just humans then greed would be always good and there's no such thing about contentment.

This is why its always that recommendable that if you do have the chance on making some diversification when it comes to investment then better do it while you can because not all would really be
capable on doing so plus real estate businesses or with those typical or traditional business doesnt really come cheap and this is why not all would really be able to touch up this space
and this is why they would really be focusing on something cheaper or could start with lesser amount.

[South Park]

More as well as a not a single night journey. It'll be a long way establishing wealth. Indeed you could be lucky as proven by people who won lotteries but if we think of it, not all people who have huge amount of wealth also won from lotteries. Given that not all of us would be lucky enough then what's our choice? It would be better to start walking until you meet that luvk and opportunity than to wait for things to happen on its own. It would be a win-win situation: starting on your own would put you to a place farther than where you came from and if luck would take place then it would be a better outcome and if luck won't happen atleast you already have your own progress.

Problem is people who solely depend on luck in order to achieve better things in life. They often disregard the amount of time they are wasting until something which has no assurance on its occurence, happen.

Building up your wealth is a process which takes a lot of time as money itself is a big factor which can determine your success of your failure, so you need get some capital first and then use that capital to try to increase it, and most people fail on the very first step, they spend all the money they earn and they do not save any of it, meaning they live their lives paycheck to paycheck without any possibility of ever leaving the rat race, as the pension they are to receive once they stop working is too small and this forces them to keep working.

[RockBell]

Wealth is could be earned by luck but it's not applicable to all people, so you would really need to earn it by working hard, being consistent, being knowledgeable and disciplined. So let's say that $50 dollar won't be enough for you to become wealthy to invest are you just gonna wait for your luck to achieve? People would literally take extra jobs or part time if you're a student just to have enough funds to invest. Well those examples you've mentioned might be needing a huge amount but little business would acttually a good start cause most successful person achieve it with experience. Luck and opportunity won't be siding on you if you can't even make an action to attain financial freedom.

When you say luck, I think of inheritance from a wealthy father or a family that has been wealthy for decades. With the state of the economy we are all in, it is very difficult to get lucky with wealth, but you can win the lottery or a gift, and these days no one is gifting anyone with money. If you are in this situation, the best thing to do is to get a job and gradually build your wealth.  And since the world is changing now its better to even work smart than work hard in some circumstances, our attention to be channeled to what aspect have  high demand. Small beginning are appropriated. But I feel 50 dollar is small to start up a good business currently. Either small or big management matters too.

[Renampun]

If we look at people who are very rich today, especially those around us, they are not playing with 100% luck, there is a big and tough struggle that they are doing behind it all, my uncle is a logistics entrepreneur, he once told me that when he first started his business he had to work every day for 7 days without stopping and monitoring so that the shipment could reach its destination without any problems, now his business is running systematically and he is just at home enjoying his relaxing time, he continues to motivate me that effort will not betray the results.

[goaldigger]

If we look at people who are very rich today, especially those around us, they are not playing with 100% luck, there is a big and tough struggle that they are doing behind it all, my uncle is a logistics entrepreneur, he once told me that when he first started his business he had to work every day for 7 days without stopping and monitoring so that the shipment could reach its destination without any problems, now his business is running systematically and he is just at home enjoying his relaxing time, he continues to motivate me that effort will not betray the results.

A great success comes to a big price, and its about the sacrifices and your decisions to make.
Lucky people usually don’t last being rich because they don’t have the foundation for that though some are becomes more wise when they already have the money. Being more successful requires a lot of time and big effort, but of course the right mindset and the right investment decisions will still matter here because even if you work hard and don’t know how to work smart, it will be hard for you to succeed.

[Cling18]

If we look at people who are very rich today, especially those around us, they are not playing with 100% luck, there is a big and tough struggle that they are doing behind it all, my uncle is a logistics entrepreneur, he once told me that when he first started his business he had to work every day for 7 days without stopping and monitoring so that the shipment could reach its destination without any problems, now his business is running systematically and he is just at home enjoying his relaxing time, he continues to motivate me that effort will not betray the results.

A great success comes to a big price, and its about the sacrifices and your decisions to make.
Lucky people usually don’t last being rich because they don’t have the foundation for that though some are becomes more wise when they already have the money. Being more successful requires a lot of time and big effort, but of course, the right mindset and the right investment decisions will still matter here because even if you work hard and don’t know how to work smart, it will be hard for you to succeed.

Luck will not always be our foundation. We could be lucky but if we don't manage our finances wisely, our earnings will lead to bankruptcy. It requires sacrifices, knowledge, passion, and hard work for us to build the wealth of life that we want. We can't always rely on luck if we aren't grinding hard to earn better.
If our target goal is too high then our efforts should be doubled or tripled. Life is always what we make it and the result will rely on how we deal with life's challenges. Earning is hard nowadays especially that the economic crisis is getting worse but if we will have perseverance then we will obtain the financial freedom that we want in the future.

[nelson4lov]

If we look at people who are very rich today, especially those around us, they are not playing with 100% luck, there is a big and tough struggle that they are doing behind it all, my uncle is a logistics entrepreneur, he once told me that when he first started his business he had to work every day for 7 days without stopping and monitoring so that the shipment could reach its destination without any problems, now his business is running systematically and he is just at home enjoying his relaxing time, he continues to motivate me that effort will not betray the results.

I agree that your uncle worked incredibly hard on his dreams amd those efforts compounded to something big after a while but I'd say he had some luck along the way - for instance, his shipments getting to destination on time without hinges etc. I'm sure you'll agree with me that someone else might put in the same amount of effort but yield a different result. The outcome can be lower or higher, depending.



Anyone that manages to build a substantial amount of his/her portfolio from only an initial deposit of $50 has some real good luck on their side. Anybody that says it's just hard work is simply lieing.

[serjent05]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

You need to know everything about the topic you deal with specially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

As the title stated, Building.  Building is a process and not just a one-time work so it does represent that wealth isn't just one time luck but rather a process or series of efforts that goes on the process of financial inflow and outflow where the inflow of funds is always greater than the outflow thus wealth is building every time the financial inflow and outflow offsets occurs.

In case the financial outflow is greater it can be fixed by finding another source of income to reinforce the financial inflow and eventually outweigh the financial outflow.  A long-term process of this kind is wealth building where excess of cash inflow is accumulated..

[letteredhub]

You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.

$50 capital will go no where with real estate investment same with a $1000-$5000 no matter what a guru you're into real estate development. There as specific amounts of money that are professionally recommended to start with as investment in the different sectors. You can't use an amount meant for a mini  roadside grocery shop to invest in real estate and expect to make progress, not amount of hardwork put in can excel you. If wanna be fairly mean to such a person I'll say that investment is a dead one before it was started.

[Unbunplease]

Making a fortune is not the problem. The main problem is to keep this fortune. Often people who get a lot of money at once are not ready for it, so they quickly lose the easy money. As they say, easy come, easy go. The main thing here is not to give in to unnecessary euphoria.

[Captain Corporate]

This of course depends on the person and the situation but it is true. First of all we need to know what wealth means, if you are talking about 1 million dollars as wealth, that could be won luckily, if we are talking about a billion dollars, then not. So you need to make sure that you know what you are talking about before doing something like this. Secondly, there are very few situations in life when someone either invents something, or build something that gets sold for a lot of money, and even the buyer may not make much money with it, but that person just made a lot of money. However, I do agree that its not that common, being wealthy %99 of the time requires a hard work and dedication that is sustained over many years, even decades.

[romero121]

This of course depends on the person and the situation but it is true. First of all we need to know what wealth means, if you are talking about 1 million dollars as wealth, that could be won luckily, if we are talking about a billion dollars, then not. So you need to make sure that you know what you are talking about before doing something like this. Secondly, there are very few situations in life when someone either invents something, or build something that gets sold for a lot of money, and even the buyer may not make much money with it, but that person just made a lot of money. However, I do agree that its not that common, being wealthy %99 of the time requires a hard work and dedication that is sustained over many years, even decades.

Agreed, it is all about the person's perspective about wealth. For some people having a life without debt itself good wealth. For some having a healthy life is a wealth. Apart from this people have got different meaning based on what they hold. In that way having a million could be wealth and the same varies between people. As mentioned, to some extent one can make it through luck whereas the same can't be achieved when the expectation is high. Based on the expectation should be the effort as well as the time period. We can't be millionaire overnight, it happens and everyone can't expect this to happen in their lives. End of the day it is the person hard work, d dedication along with luck that makes him successful.

[Chilwell]

We can't be millionaire overnight, it happens and everyone can't expect this to happen in their lives. End of the day it is the person hard work, d dedication along with luck that makes him successful.

I agree with you on this point, but I want you to know that I think the majority of young people expect things to happen that they know will never happen. For example, there was a day in my hometown when the GSM network was hacked, and many people made a lot of money in a matter of seven hours; some of them overnight became millionaires, but that doesn't mean they were successful because they tried to invest but were unable to do so. If you see someone succeeding in business, it doesn't necessarily mean they made a single investment that made them successful. Some people have to do something numerous times before they are successful.

[EluguHcman]

Building wealth first demands you focused on a knowledgeable form of investment, capital to kickstart
and your readiness to eliminate your expenses savings at unecessities then it demands your energymatic determined hardworking of the potentialities to make incomes and then it demands your top up to reinvest upon investing more like the thought of making a long time goal.

[philipma1957]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

That's not how it works at all.
You can profit reasonably with $50 if you're lucky not to get liquidated first but you cannot build wealth with that. You need capital to have more room to stay in the game cause trades will not always go in your favour no matter how skilled you are.

Gambling is a huge part of investing and growing wealth.

Wrong. you are confusing gambling with risk.

Proper way is evaluating risk correctly and deciding if you are in a negative risk situation = gambling

or a positive risk situation investment.

What confuses people is negative risks makes money some of the time.
and positive risk loses money some of the time.

so people think all risk is gambling.

gambling is taking risks that should lose in the long run.
investing is taking risks that should win in the long run.

this is definition. Not mine but webster’s.


here is an example of investment a high risk high return low cost.

I give you 1100 to 1 odds on a three digit number pick.
You can only play 1 number 1 dollar each day.


here is an example of gambling a high risk high return low cost.

I give you 900 to 1 odds on a three digit number pick.

you can only play 1 number 1 dollar each day. thats gambling.

most people lose at gambling
some people lose at investing.

the first step is to understand gambling vs investing.

[G_Besar]

Building wealth first demands you focused on a knowledgeable form of investment, capital to kickstart
and your readiness to eliminate your expenses savings at unecessities then it demands your energymatic determined hardworking of the potentialities to make incomes and then it demands your top up to reinvest upon investing more like the thought of making a long time goal.

Someone who wants to build wealth through investment must have better focus so that they can carry out the methods they take more consistently. Because as long as the methods and efforts are correct and continue to be done consistently, the results will definitely be clear, even though sometimes they will not immediately match expectations.

Building wealth for yourself is not easy because basically you have to have help through more knowledge. Not to mention that when someone is going through the process, he will encounter various challenges in his life so that he has to think harder and wisely so that he can face these challenges well enough and not lose his focus because of this.

[Upgrade00]

1) Control income and expenses.
2) Spend less than you earn.
3) If you have consumer debt, get rid of it as fast as you can. And never get into consumer debt again.
4) Increase your income and get different sources of income.
5) Invest, invest, invest.

The key component here is the investing done. Controlling your expenses and income helps to keep you above water, having more assets in your investment column is what generates wealth overtime and as you develop more weslthbyoubhave the room to take more risks and grow even more wealth.

Wrong. you are confusing gambling with risk.
<snip>
gambling is taking risks that should lose in the long run.
investing is taking risks that should win in the long run.

this is definition. Not mine but webster’s.

And Oxford dictionary defines gambling as to "take risky action in the hope of a desired result" which perfectly describes an investment.
The word gamble might be off putting to some but it describes the art of taking risks and the concept is the same.

Checking Webster's the definition shown there is different from what you wrote and more similar to the one I quoted above.

[posi]

Building wealth first demands you focused on a knowledgeable form of investment, capital to kickstart
and your readiness to eliminate your expenses savings at unecessities then it demands your energymatic determined hardworking of the potentialities to make incomes and then it demands your top up to reinvest upon investing more like the thought of making a long time goal.

Someone who wants to build wealth through investment must have better focus so that they can carry out the methods they take more consistently. Because as long as the methods and efforts are correct and continue to be done consistently, the results will definitely be clear, even though sometimes they will not immediately match expectations.

Building wealth for yourself is not easy because basically you have to have help through more knowledge. Not to mention that when someone is going through the process, he will encounter various challenges in his life so that he has to think harder and wisely so that he can face these challenges well enough and not lose his focus because of this.

I see people often discuss formulas, plans, and experiences to get rich, but one thing is that so far no one has really become rich and they are still discussing it every day.

In my opinion, each person will have different ways to get rich and no one will be the same, there is no common formula at all. Therefore, we should focus on our goals and find ways to overcome all difficulties in our own way. Don't try to share how to get rich or teach someone to get rich while we ourselves are still poor.

[jasonjm]

In my opinion, each person will have different ways to get rich and no one will be the same, there is no common formula at all.

The most important thing to be a successful person is consistency. Success is not an overnight thing. You have to spend countless sleepless nights to achieve success.

[lovesmayfamilis]

hahaha... I like your sentence. In essence, we have to live frugally and set aside money. The best way is to increase our monthly income so that we don't need to be too frugal because income is greater than expenses. However, in practice it is not easy, but it can be done. Youth needs to be utilized because the energy and mind are still strong enough to think about many things

Right. But that is why, being young, people do not understand some things about building their future and their reputation. The lack of the right teachers, who are supposed to teach economics to children in school, creates the belief that someone is not destined to succeed. How does building the American Dream with a million dollars sound? This is a 10-percent regular investment from your first earnings. But where do people get these investments if they don’t have a good enough income? And saving for everything, killing their health, is far from the best idea. It is precisely the passion for learning and the understanding that from what we do in our youth, we get benefits in the future that teachers and parents should instill with mother's milk. And when you have only 50 bucks and so many desires, it is difficult not to be tempted, so as not to stupidly waste it.

[bayu7adi]

Of course, $50 will not bring you anything, I mean that is too small and it you need extreme luck to be able to make it even x10 or higher. So it's better to start big and let your money be your friend. Built it slowly or aggressively, it all depends on how you are going to do and accomplished your goal in the end. As much as we teach people I think only 1% will really learn how to build wealth and riches.

If our mindset is still fixated on trading Bitcoin, cryptocurrency, or stocks, it might sound challenging. Try reallocating $50 into something tangible within the market. Managing the initial $50 may not immediately yield a x10 profit; I believe it may require several stages to reach that level.

Using $50 for real-world buying and selling can toughen our mental resilience. With that initial $50, we could potentially generate a 10% or 15% profit, depending on our strategy in handling it. Then, the next step is to reinvest the money we have, turning it into business once more.

I believe OP's intention is to encourage us to practice managing small amounts of money first before we're prepared to level up and handle larger sums. That's the main point.

[Gyfts]

Seems like you're making a distinction between trading and investing, albeit in a confusing manner: Day trading is not investing, and day trading requires a lot of good fortune. Perhaps some may disagree, IMO day trading profitability requires immense capital and luck. It's not a consistent method to build wealth.

Investing over time is a consistent way to build wealth and it does not require luck nor much experience. Investments diversified over multiple sectors will all but guarantee you a positive ROI over 30-40 years. The only circumstances of someone losing money over long term investments involve lack of diversification in assets, or they liquidate during a recession, both easily avoidable.

Sure, if you want to perfect you investing strategies for greater return, that's fine. You don't need to special expertise, that's the great thing about long term investing. The time does the work for you.

[lizarder]

I see people often discuss formulas, plans, and experiences to get rich, but one thing is that so far no one has really become rich and they are still discussing it every day.

In my opinion, each person will have different ways to get rich and no one will be the same, there is no common formula at all. Therefore, we should focus on our goals and find ways to overcome all difficulties in our own way. Don't try to share how to get rich or teach someone to get rich while we ourselves are still poor.

That will be an interesting discussion that we will continue to discuss everywhere and its realization depends on how society wants to implement and develop it. Talking about formulas, plans and experiences to become richer is an effort that we often see in people's lives, without exception when we sit and exchange opinions with people in everyday life. Don't be too rigid in living your life and there are times when we will get the initiative and plan to develop ourselves after discussing it at length with other people because maybe we will get enlightenment and a more effective way to start. We need other people as supporters and for me that's not a problem because the more often we discuss it with anyone, the more ideas will be born.

To develop this potential, it is up to us where to start and this is where we need skill and consistency to achieve it because if we don't prepare carefully in educating ourselves to reach the stage of wealth then no bet will be won. The problem is when we talk a lot but never do anything and that will show a person's true character, therefore we also need to educate ourselves first before having the desire to work on the stages of achieving a much better life.

[legendbtc]

Seems like you're making a distinction between trading and investing, albeit in a confusing manner: Day trading is not investing, and day trading requires a lot of good fortune. Perhaps some may disagree, IMO day trading profitability requires immense capital and luck. It's not a consistent method to build wealth.

Investing over time is a consistent way to build wealth and it does not require luck nor much experience. Investments diversified over multiple sectors will all but guarantee you a positive ROI over 30-40 years. The only circumstances of someone losing money over long term investments involve lack of diversification in assets, or they liquidate during a recession, both easily avoidable.

Sure, if you want to perfect you investing strategies for greater return, that's fine. You don't need to special expertise, that's the great thing about long term investing. The time does the work for you.

Trading, investing or doing business, I think you will never be successful without luck. Luck plays an important role in anyone's success. As with your long-term investment, you won't have to liquidate assets during a recession or in the future. To do that, you need to be lucky so that unexpected accidents do not occur, only then can you maintain your assets intact. No matter how smart and talented you are, you cannot predict what will happen in the future, so you also need luck on the path to success.

[Fortify]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

You need to know everything about the topic you deal with specially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

It's an important lesson that many people do not learn early enough in life, especially with the amount of "get rich quick" type activity that surrounds us in the world today. There will be a handful of people that get lucky with things like the lottery or inheriting money. However the majority of people who got rich, did so over a long time, through either building up a company or getting a salary which is then invested wisely into the markets. There are all sorts of routes to wealth, however spending all your paycheck every month on unnecessary junk is an easy way to live an average existence through life and the faster you learn that it takes a lot of time and commitment to build wealth, the better off financially you'll be.

[Negotiation]

Building wealth is not just about luck it takes hard work earn enough money to meet your basic needs leaving some for savings. Managing costs so you can maximize your savings investing money in a variety of different assets so that it is properly diversified over a long period of time. Wealth can help us provide and share resources emotional and financial with those we care about. When we help others get the education and opportunities they need to succeed no matter how we want to support them we can share in the joy of their progress. Cautious and not reckless to take risks cautious risk takers do their homework apply skills and knowledge to take risks before launching new ideas and initiatives into a business everything is possible if you keep the goal in mind.

[Baofeng]

Building wealth is not just about luck it takes hard work earn enough money to meet your basic needs leaving some for savings. Managing costs so you can maximize your savings investing money in a variety of different assets so that it is properly diversified over a long period of time. Wealth can help us provide and share resources emotional and financial with those we care about. When we help others get the education and opportunities they need to succeed no matter how we want to support them we can share in the joy of their progress. Cautious and not reckless to take risks cautious risk takers do their homework apply skills and knowledge to take risks before launching new ideas and initiatives into a business everything is possible if you keep the goal in mind.

For the majority of those who became rich and build a generational wealth, yeah there's no luck involved in it. They really work their ass off to reach that level that they are not going to be poor for the rest of their life including their grandchildren. Only a few percentage might have gotten their wealth as inheritance but still though they will also have to work very hard to maintain their wealth and then pass it from generations to generations. And so it's just a one time opportunity for them, but they have taken the risk and so they prevail that's why they become so wealthy throughout their natural life. For the majority, it's not that late though, maybe we can strived for the best at least for our children's future.

[tjtonmoy]

I think OP got mixed up with risk-taking and gambling. In every investment, there are risks that come with it. So if you only play safe and do not take any risks, how will you grow? Risk-taking is not gambling. One thing you need to learn is to let go of the past, try it first, detect your mistakes, and then learn from them in order to gain experience. No one is lucky enough to make a profit from their first investment. So if you get stuck on the idea that you will make profits on your first try, you will never be able to grow.

I can agree with the fact that anything that you are unaware of and try without learning, it's a gamble. But also a risk-taking process. You learn by experimenting. But when there are ways available to learn it first, not learning and jumping right into it is a gamble for sure.

Other than that, I don't think there's anything wrong here. You invest in precious metals to gain profit. People are not hodling them for life. And in the price rises slowly and there's profit in it, then it's investment, not gambling.

[Dr.Bitcoin_Strange]

Well, to build wealth, you must be determined, put in some relentless efforts, and also be lucky. Some people are so lucky that after trying just a few things, it worked out so well for them, but some people have to try and put in all their efforts, but it does not work. Being able to invest some money out of your earnings, depending on your responsibilities and awaiting bills to pay. We are all different kinds of people from different countries around the world, faced responsibilities differently, and I believe that in some countries, the minimum wage is as low as $50. If the minimum wage of $50 is paid to a man who is married and has kids, there is no way he can save up and invest with such earnings, unless they just attach some side hustles to the job they already have so they can earn extra income. It's very easy to say that, no matter how small your earnings are, you are meant to save up, but if you are in the same position as those people, doing what they are doing and faced with their kinds of responsibilities, you definitely will not be able to save anything. But if your earnings are higher, at least you have a better chance of being able to save, invest and build wealth.

[Jody.Drummer]

Building wealth is not just about luck it takes hard work earn enough money to meet your basic needs leaving some for savings. Managing costs so you can maximize your savings investing money in a variety of different assets so that it is properly diversified over a long period of time. Wealth can help us provide and share resources emotional and financial with those we care about. When we help others get the education and opportunities they need to succeed no matter how we want to support them we can share in the joy of their progress. Cautious and not reckless to take risks cautious risk takers do their homework apply skills and knowledge to take risks before launching new ideas and initiatives into a business everything is possible if you keep the goal in mind.

For the majority of those who became rich and build a generational wealth, yeah there's no luck involved in it. They really work their ass off to reach that level that they are not going to be poor for the rest of their life including their grandchildren. Only a few percentage might have gotten their wealth as inheritance but still though they will also have to work very hard to maintain their wealth and then pass it from generations to generations. And so it's just a one time opportunity for them, but they have taken the risk and so they prevail that's why they become so wealthy throughout their natural life. For the majority, it's not that late though, maybe we can strived for the best at least for our children's future.

Yes that's right, I also quite agree with what you said, for the problem of getting rich by luck maybe it's only for brands that come from rich families and they just have to continue in the footsteps of their parents and I would say they are quite lucky. So it's true as you say anyone who builds their wealth from scratch is not a matter of luck, but they succeed because of their tireless hard work so they get their just reward which is success. Of course, actually in any case it is more difficult to maintain than to get, but in terms of building success, it cannot be said that it is easy to achieve it because there must be a lot of failures that they experience, and after success as I said above, you have succeeded does not mean you just sit down to enjoy it but you also have to be able to maintain your wealth, and most of them already know how to do it because they already have provisions from previous experiences when they were pioneering and it is very useful.

We can see those who suddenly become rich by winning big prizes, on average, their wealth will not last long because before they never did anything like learning in the process of getting it, and it is very different from people who get wealth from the results of their hard work, the point is that knowledge from the journey is very useful.

[Hamphser]

Building wealth is not just about luck it takes hard work earn enough money to meet your basic needs leaving some for savings. Managing costs so you can maximize your savings investing money in a variety of different assets so that it is properly diversified over a long period of time. Wealth can help us provide and share resources emotional and financial with those we care about. When we help others get the education and opportunities they need to succeed no matter how we want to support them we can share in the joy of their progress. Cautious and not reckless to take risks cautious risk takers do their homework apply skills and knowledge to take risks before launching new ideas and initiatives into a business everything is possible if you keep the goal in mind.

For the majority of those who became rich and build a generational wealth, yeah there's no luck involved in it. They really work their ass off to reach that level that they are not going to be poor for the rest of their life including their grandchildren. Only a few percentage might have gotten their wealth as inheritance but still though they will also have to work very hard to maintain their wealth and then pass it from generations to generations. And so it's just a one time opportunity for them, but they have taken the risk and so they prevail that's why they become so wealthy throughout their natural life. For the majority, it's not that late though, maybe we can strived for the best at least for our children's future.

Yes that's right, I also quite agree with what you said, for the problem of getting rich by luck maybe it's only for brands that come from rich families and they just have to continue in the footsteps of their parents and I would say they are quite lucky. So it's true as you say anyone who builds their wealth from scratch is not a matter of luck, but they succeed because of their tireless hard work so they get their just reward which is success. Of course, actually in any case it is more difficult to maintain than to get, but in terms of building success, it cannot be said that it is easy to achieve it because there must be a lot of failures that they experience, and after success as I said above, you have succeeded does not mean you just sit down to enjoy it but you also have to be able to maintain your wealth, and most of them already know how to do it because they already have provisions from previous experiences when they were pioneering and it is very useful.

We can see those who suddenly become rich by winning big prizes, on average, their wealth will not last long because before they never did anything like learning in the process of getting it, and it is very different from people who get wealth from the results of their hard work, the point is that knowledge from the journey is very useful.

Different situations indeed which there are ones who are really that born on a family which does have that better financial or simply being rich kind of state on which those childrens or the ones that would be getting those inheritance would really be having no problem when it comes to the time that they would really be making out their own businesses or someone that would really be continuing their long time business built up by their parents or simply been established on which it is really that something that would really be giving out advantage compared to those who do build up from scratch.

We do know that every business or investment does need up capital and the rest would really be definitely be needing that hard work on which it would really be varying on each person
since not all would really be having this kind of characteristics and this is why they do really miss out or fail on reaching out their targets and goals because
of such behavior.

[CryptopreneurBrainboss]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.
If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

One thing I have come to understand in my years of searching for financial freedom is that, wealth isn't luck. Riches could be gotten by luck (like winning a lottery ticket that's is worth millions) which happens for many undeserving reasons like mistakenly picking the right ticket but wealth is what you get through years of building through investment. Since you'll have to be building for years then wealth can't be unexpected. You can also get riches from making the right investment and making a lot of profits like 10x or more higher profits. Building wealth with $50 isn't impossible because in rare occasion some people have been able to do it but it isn't something that can done very often so I won't stress myself over building wealth with $50. Increasing the capital will be ideal thing to do in this scenario because the higher the capital, the higher the chances of making profits from trading.

And gamblimg is not business so dont call yourself like investor or traders.
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

I don't believe anymore takes gambling as a business but holding your investment can keep you in profits but it depends on when you got into the investment. Let take Bitcoin investment as an example, those who bought Bitcoin when it wasn't mainstream will be in profit until Bitcoin become worthless because they believed in Bitcoin when majority of the world didn't believe and that could be because they haven't heard about bitcoin then or because they choose to ignore bitcoin. Building wealth can be done in many ways because there's not only one way to build wealth. You can build wealth from investment and you can build wealth from running a business.

[Cryptomultiplier]

Well, to build wealth, you must be determined, put in some relentless efforts, and also be lucky. Some people are so lucky that after trying just a few things, it worked out so well for them, but some people have to try and put in all their efforts, but it does not work. Being able to invest some money out of your earnings, depending on your responsibilities and awaiting bills to pay. We are all different kinds of people from different countries around the world, faced responsibilities differently, and I believe that in some countries, the minimum wage is as low as $50. If the minimum wage of $50 is paid to a man who is married and has kids, there is no way he can save up and invest with such earnings, unless they just attach some side hustles to the job they already have so they can earn extra income. It's very easy to say that, no matter how small your earnings are, you are meant to save up, but if you are in the same position as those people, doing what they are doing and faced with their kinds of responsibilities, you definitely will not be able to save anything. But if your earnings are higher, at least you have a better chance of being able to save, invest and build wealth.

Extra source of income has become the order of the day inorder to stay afloat or even build wealth in this current economy of recession and increased interest rates and charges.
Building wealth is a result of consistent effort toward achieving a particular goal. It takes years and one must be disciplined enough to see it through the growing stages.
It's not just luck. It's like creating ones own opportunity in the field or area they have devoted a consistent effort in. The day just comes when everything clicks, and boom, we just call it luck, but it really isn't , because work was done behind closed curtains.

[Unbunplease]

Extra source of income has become the order of the day inorder to stay afloat or even build wealth in this current economy of recession and increased interest rates and charges.
Building wealth is a result of consistent effort toward achieving a particular goal. It takes years and one must be disciplined enough to see it through the growing stages.
It's not just luck. It's like creating ones own opportunity in the field or area they have devoted a consistent effort in. The day just comes when everything clicks, and boom, we just call it luck, but it really isn't , because work was done behind closed curtains.

Wealth is good when it can be enjoyed, but it is not good to become a hostage to money. A person here faces a choice: to collect money for many years or just to live. And luck does not always favor the patient. Often luck smiles on those who are not fixated on accumulating money

[Raflesia]

I don't believe anymore takes gambling as a business but holding your investment can keep you in profits but it depends on when you got into the investment. Let take Bitcoin investment as an example, those who bought Bitcoin when it wasn't mainstream will be in profit until Bitcoin become worthless because they believed in Bitcoin when majority of the world didn't believe and that could be because they haven't heard about bitcoin then or because they choose to ignore bitcoin. Building wealth can be done in many ways because there's not only one way to build wealth. You can build wealth from investment and you can build wealth from running a business.

Gambling is a business just not for the people who play it but for those bookies and gambling house owners who are behind the chair.
For us as players, it cannot be said to be a business because it is just a game where we only rely on luck and it is not suitable to be called a business but it is a different concept with the people who are behind the scenes of gambling. It is a business that is even very feasible to continue to maintain.
It all depends on your mindset and where you stand because in the end this determines the view whether it is worth saying business or not.

[Casdinyard]

Had a friend who experienced an identity crisis last year after one of the worst bear runs in the market. He didn't particularly suffer from it as he was prudent enough to make sure that his assets and wealth is safe, but at the same time being someone who's a visionary in the industry, continuously dishing out content for a time which went successful but all of a sudden experienced one of the worst droughts on both the creative and the audience department. He experienced one of the worst imposter syndrome episodes of his life. But what he failed to realize was that, prior to this he lost everything too, he won big in the 2016 bull run, lost it all, and then came back up and went stronger than ever before come the second bull run. That's something that even luck couldn't have accounted for.

[Dr.Bitcoin_Strange]

Extra source of income has become the order of the day inorder to stay afloat or even build wealth in this current economy of recession and increased interest rates and charges.

Yeah, you are right, it's very bad in some countries than other countries because in some parts of the world, the minimum wage is so small that it cannot even be able to handle all the family bills, and where the pressing needs cannot even be completely settled, how then can they be able to save and build wealth? With the current economic situation, there really is a need for side hustles, which is why a lot of people are always looking for an extra source of income.

Building wealth is a result of consistent effort toward achieving a particular goal. It takes years and one must be disciplined enough to see it through the growing stages.
It's not just luck. It's like creating ones own opportunity in the field or area they have devoted a consistent effort in. The day just comes when everything clicks, and boom, we just call it luck, but it really isn't , because work was done behind closed curtains.

Cryptomultiplier, I once argued this right on this forum, but there was a simple idea I learned from a member's comment here. Yeah, we know that we have to do some work, be dedicated, be passionate, be consistent, and add more effort before we can be able to archive success in building a wealthy life for ourselves, but that doesn't mean that you can just easily get favored and become successful. Some people have been putting in those efforts for years, and they have remained consistent for years too, but they have not really built much wealth or become so successful. But in most cases, there are also some people who can just start something, and before you know it, boom, they go... They are already becoming more successful than that person who has been putting in all their efforts for years. So, some people are usually very lucky with just small efforts; they get favored so abruptly.

[Oasisman]

I hope you have a better understanding the differences with gambling, business, and investment.

everything what you don't know about and can't control it's gamble

This definition of yours about gambling doesn't make any sense. I have seen gamblers who bet on their favourite sports as they find it comfortable betting on a sport they know about, so they know what they're doing.
Business owners don't just start their business without knowledge on the business model they want to pursue.
Investors doesn't just place their money in an asset they don't know about.
Do you know what is the one thing they have in common? "Controlling the outcome".

[fauzan Ichsan]

I hope you have a better understanding the differences with gambling, business, and investment.

everything what you don't know about and can't control it's gamble

This definition of yours about gambling doesn't make any sense. I have seen gamblers who bet on their favourite sports as they find it comfortable betting on a sport they know about, so they know what they're doing.
Business owners don't just start their business without knowledge on the business model they want to pursue.
Investors doesn't just place their money in an asset they don't know about.
Do you know what is the one thing they have in common? "Controlling the outcome".

Gambling in my favorite sport in my opinion is a hobby, so it is difficult to get rich from it. for example, betting on football, so there are only 2 possibilities of winning or losing, and of course not every luck comes from every time we do it. Therefore, what can make you rich comes from the bookie who coordinates with the gamblers. Therefore, it is better to build a business that can be done in stages on an object

[jeha2015]

In my opinion, each person will have different ways to get rich and no one will be the same, there is no common formula at all.

The most important thing to be a successful person is consistency. Success is not an overnight thing. You have to spend countless sleepless nights to achieve success.

I really believe that successful people are born from hard work, discipline and consistency. Don't worry too much about external things, but focus on improving your own skills.

In my opinion, there are actually four ways to build wealth to become rich.
1. Dreams (the dreamer) = dreams are the goal of our life, what is the current context, wealth, that is, you already have a dream of becoming rich.
2. Sever and investor (saving and investing) = saving and investing is a way to achieve our dream of becoming rich.
3. Company climber (job + position) = well, how do we want to earn money without working (honest, professional) and also if we don't save and invest, how can we achieve our dreams.
4. Vertuoso (skills) = well how can we get a job if we don't have skills, and how can we earn income without skills?

[Jody.Drummer]

Yes that's right, I also quite agree with what you said, for the problem of getting rich by luck maybe it's only for brands that come from rich families and they just have to continue in the footsteps of their parents and I would say they are quite lucky. So it's true as you say anyone who builds their wealth from scratch is not a matter of luck, but they succeed because of their tireless hard work so they get their just reward which is success. Of course, actually in any case it is more difficult to maintain than to get, but in terms of building success, it cannot be said that it is easy to achieve it because there must be a lot of failures that they experience, and after success as I said above, you have succeeded does not mean you just sit down to enjoy it but you also have to be able to maintain your wealth, and most of them already know how to do it because they already have provisions from previous experiences when they were pioneering and it is very useful.

We can see those who suddenly become rich by winning big prizes, on average, their wealth will not last long because before they never did anything like learning in the process of getting it, and it is very different from people who get wealth from the results of their hard work, the point is that knowledge from the journey is very useful.

Different situations indeed which there are ones who are really that born on a family which does have that better financial or simply being rich kind of state on which those childrens or the ones that would be getting those inheritance would really be having no problem when it comes to the time that they would really be making out their own businesses or someone that would really be continuing their long time business built up by their parents or simply been established on which it is really that something that would really be giving out advantage compared to those who do build up from scratch.

We do know that every business or investment does need up capital and the rest would really be definitely be needing that hard work on which it would really be varying on each person
since not all would really be having this kind of characteristics and this is why they do really miss out or fail on reaching out their targets and goals because
of such behavior.

Yes it is like that and I say that means they are quite lucky, sometimes I also like to feel a little concerned about myself why I am not in the position like them, but honestly it might just be a shadow in my mind to enjoy the results of my parents' hard work and I just have to continue it. But to be honest, I don't want to be a cutter who only enjoys the fruits of my parents' hard work, if I were in their position, maybe in terms of capital it wouldn't be difficult because the finances are quite capable but maybe I would only borrow a little capital from my parents and I would run it myself or build a business from scratch myself without involving my parents. I was educated to be a person who is better at giving than asking, so even though my position is favorable by being in a rich family but maybe I won't be a coward, I want to feel what my parents felt in the process of getting their wealth, because it will be a lesson.

Yes, my words above are probably only for people who have a warrior spirit who have a strong desire to do it, with that being true, so everyone has their own character, you are very interested in what you see but other people may not even care about anything.

[rachael9385]

Yes, you are absolutely right. You know for somebody to be rich, that person's must need to be very disciplined, and again, you have to make good or bad decisions before you can get rich. Sometimes the economy of a country can be very tough and you need to take a bad and risk decision before you can achieve what you want in life, although it is not easy to make a good name when somebody is starting from crash.

The economic problem is the number one reason I don't blame those sets of people who sold some of their property to get money so that they can start up a business or an investment, to see if they can get profits or become rich from there.

Those set of people who were given birth in a wealthy home are the ones who don't suffer in life. Like I watched a video when they were interviewing a Nigerian celebrity called DAVIDO and they asked him what was the hardest thing he had experienced, and he said that the hard thing he had experienced was sitting down in a car at a road block, just that. And the funny thing was that he was not the one driving the car, lol.

There are people who are just looking for a way to get off of that car, but for him it is a very bad experience.

Those set of people who suffered before they became rich have got a good experience so nothing can scare them again, because while they were trying to make a name for them selfs they have experienced a lot of changes but those who were given birth wealthy or rased up in a wealthy can't understand the ironic of life no matter their level of education.

[tygeade]

I really believe that successful people are born from hard work, discipline and consistency. Don't worry too much about external things, but focus on improving your own skills.

In my opinion, there are actually four ways to build wealth to become rich.
1. Dreams (the dreamer) = dreams are the goal of our life, what is the current context, wealth, that is, you already have a dream of becoming rich.
2. Sever and investor (saving and investing) = saving and investing is a way to achieve our dream of becoming rich.
3. Company climber (job + position) = well, how do we want to earn money without working (honest, professional) and also if we don't save and invest, how can we achieve our dreams.
4. Vertuoso (skills) = well how can we get a job if we don't have skills, and how can we earn income without skills?

Yeah, no matter how hard you work, and how much you save, a simple worker can not get wealthy without investment. You may make a lot of money, but you are not going to be rich, at least not where I live.

You are going to be a lot better than rest of the people if you end up with a good position at a good company, but it is not going to be that much of a simple solution neither, it is going to be a tough deal. When the time comes, if you saved enough, you should start investing that money into bitcoin and then when bitcoin goes up you will have a chance to get wealthy as well. This is why you need to be smart about the money you have and even smarter about the money you are going to have in the future as well.

[dothebeats]

I hope you have a better understanding the differences with gambling, business, and investment.

everything what you don't know about and can't control it's gamble

This definition of yours about gambling doesn't make any sense. I have seen gamblers who bet on their favourite sports as they find it comfortable betting on a sport they know about, so they know what they're doing.
Business owners don't just start their business without knowledge on the business model they want to pursue.
Investors doesn't just place their money in an asset they don't know about.
Do you know what is the one thing they have in common? "Controlling the outcome".

I agree with you. Besides even in gambling gamblers still use critical thinking and skills to ensure that they win as much as possible or not lose as much money as they can to retain their capital. It may be true that there should be luck and some uncontrollable aspects that comes with gambling but it doesn't mean gamblers do not use their mind to bet. In fact, in gambling, before an individual makes a bet they have to analyze how big of a percentage their chance of winning can be and when, to whom, and how much they should gamble or bet. These things show just how much control is at present in gambling. The same way as investments should be, thinking both critically and rationally should be present.

[benalexis12]

In the title, it's true that you can't get wealth in just one day if you're just a poor person, but you persevere to get out of the hardships of life. From the word building, which cannot be built in just one day, one week, or one month. There is a proper process to build it properly. A good layout plan is needed, and just like building wealth, it takes time before it arrives. And it is not easy to get; we will experience or go through great sacrifices and hardships before we achieve it, and everyone who has a dream or ambition in life knows this.

[Inwestour]

Yes it is like that and I say that means they are quite lucky, sometimes I also like to feel a little concerned about myself why I am not in the position like them, but honestly it might just be a shadow in my mind to enjoy the results of my parents' hard work and I just have to continue it. But to be honest, I don't want to be a cutter who only enjoys the fruits of my parents' hard work, if I were in their position, maybe in terms of capital it wouldn't be difficult because the finances are quite capable but maybe I would only borrow a little capital from my parents and I would run it myself or build a business from scratch myself without involving my parents. I was educated to be a person who is better at giving than asking, so even though my position is favorable by being in a rich family but maybe I won't be a coward, I want to feel what my parents felt in the process of getting their wealth, because it will be a lesson.

Yes, my words above are probably only for people who have a warrior spirit who have a strong desire to do it, with that being true, so everyone has their own character, you are very interested in what you see but other people may not even care about anything.

When you see the results of successful people, in your example these are your parents, it may seem to you that there is nothing complicated in this, and you could create the same business yourself and manage it successfully. But I saw an example of my friend when he first ran a business with his parents, and then when they retired, he began to run this business with his wife. As a result, after several years he had to close this business.

Perhaps the pandemic and the subsequent crisis are to blame for this, but his parents also had to go through difficult times, and they were able to cope with the difficulties, but my friend could not. Why did this happen, maybe he didn’t have enough experience or perseverance to cope with difficulties? It seems to me that he did not have enough knowledge to manage a business in difficult times, he got everything ready and just managed it, it was not difficult, but it was not enough.

[bayu7adi]

Well, you see, it appears that this thread isn't guiding us toward a stock market or cryptocurrency investment scheme, as growing $50 solely relying on candlestick patterns would take longer than a small street food vendor making a fortune. Such mechanisms are often preached by successful motivators at workshops.

And we're aware that investing in Bitcoin isn't a get-rich-quick scheme. In fact, it takes quite a while for individuals in the middle to lower economic scale. This means turning $50 into millions of dollars requires various steps and different places. The more skillful you become, the greater your chances of reaching true wealth.

[terrific]

I already know that using a $50 trading capital was impossible to make it $1,000 in just a few days but can possibly be made for years. And with that long, I'm not sure I still have the courage to trade with that amount, that seems too boring for sure.

That won't be boring for me but challenging but it's a challenge that I am not going to take. I'm not as good as the other traders and it's just like going to give me an headache.
Wherein, I have some deadlines to meet and making that small capital turn into something bigger but the road will surely be tough and unknown with that typical challenge.
Yeah, we're all for building wealth and doing it with all our might, knowledge and experience. But the main thing that I've learned is to focus on your strength and challenges are there already but you don't have to complicate your life.

[isaac_clarke22]

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

Some part of it could be helped with technical stuff, but we gotta admit that even if we reinvest over and over, luck still becomes a factor in the end. Both luck and hardwork/knowledge depend on each other.

Sure you could know every ways to trade per season, but luck could do so much that it could crap out your trade. Not everyone is meant to trade and that's okay as not everyone's business-minded and some are usually comfortable with technical stuff....well like me.

I thought I could day trade before since it is kinda the something that would make me see how I earn and even I can control the market with that, but I was fucking delusional, lol.

[|MINER|]

It's not just about making money.  How to increase money from that money should know the strategy.  If someone earns 1 million dollar by luck, if he does not know how to increase the money from that money, then the money earned by his luck will not last long.  I agree with your statement that if someone can't earn from fifty dollars, he can't earn from 100,200,300 dollars.  Before investing in any sector, it is impossible to achieve success without having a clear understanding of that sector and knowing the strategy.

[BitcoinTurk]

There is absolutely no one-time luck in financial markets. It is possible to become rich with a single transaction but it is impossible for this transaction to be realized in the first transaction that a person makes. Finding a transaction that can make the money worth several times is possible by having a variety of infrastructure such as experience, market analysis, foresight and risk taking. Also, the management of such a lucrative position is certainly not possible without experience.

In other words, a person who makes a very high profit with a single transaction has actually made hundreds of unsuccessful transactions before this transaction and has gained experience by being disappointed many times. In other words, although it seems that he/she is someone who has become rich with a single transaction he/she is actually someone who has gained painful experience with many transactions and has earned a good amount of money with a nice transaction while chasing opportunities.

[MFahad]

Through regular selling and buying one can get the actual process but if one just buy at once and then leave it without knowing about the exact keys of success then they will be unable to learn. I think one should do a step of investment and then during Bull season they should sell that asset to get the advantage after which the advantage should used to reinvest while invested amount should be saved with himself.

They are depending on investment but once they use their money they never touch that amount but the actual thing is to be active to at least know about the exit and entrance point as it has lots of effects on your achievement.

[Flexystar]

I would say it is even bigger picture. Many times people end up earning nothing by the end of their lives while some of them would earn so much that their children and grand children already know they can sit and party their ass out for the rest of their lives!! I think these differences are all there because of the paths an individual follows. Some of them are hard working and some of them are kinda smart working or lazy asses. You bet both of them can be found in single person too.

On bigger scale, if we want to have loads of bucks then we need systematic investment plans. One cant just use their money to throw parties every weekend and spend on unwanted stuff.

Having extensive knowledge about the accounting and how to manage them can help a lot. Many individual's do not plan their activities in advance. There are too many blind investments that has no future or they were just done because someone taught them. Having professional advices can do no harm when building a proper wealth plan.

It's just that there is everything but individuals fail to do it. 

[carlfebz2]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

You need to know everything about the topic you deal with specially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

Its the basic principle on how things should be done and building wealth could really be on different various ways or types which had been stated above specially in between markets and other traditional business

which it would really be requiring capital for you to start on but somewhat on the projected income or profit that you could take should really be in realistic approach so that you wont really be finding yourself to be that impulsive on the time that you wouldnt be able to see those results or on the time that you are anticipating which its really that not ideal on setting out those goals strictly but im not saying that we should not put up some target or goals but somewhat you should really be on realistic side because if you do go into those levels which arent that good or realistic anymore then i could say that it is really that making you do being pushed on doing things excessively which might cause for you to loss or making out some bad decisions or errors along the way.

It is really that a trial in between those plans you had set and find if its effective and something that gives more positive than negative, then you would sensibly be able to say and speak
that it  should really be that taken and should really be followed which is totally opposite on other things as well.

[BIT-BENDER]

Are you a billionaire yet? If not then you probably don't know what you talking about, although I must agree with your title the only time wealth is luck is when you were born into it, regardless you can lose such wealth if not well managed.

Although making wealth requires knowledge, and learning but there are smart people who knows the drill but aren't that wealthy. So I would say that there is a little bit of luck involved.

[Natalim]

I already know that using a $50 trading capital was impossible to make it $1,000 in just a few days but can possibly be made for years. And with that long, I'm not sure I still have the courage to trade with that amount, that seems too boring for sure. In this case, I wasn't thinking of becoming rich either.
Building wealth never happens too easily unless you are a rich person already but like me who doesn't have that much money to start, that might be just a dream as it only has less possibility to happen in real life.

[Lorence.xD]

I already know that using a $50 trading capital was impossible to make it $1,000 in just a few days but can possibly be made for years. And with that long, I'm not sure I still have the courage to trade with that amount, that seems too boring for sure. In this case, I wasn't thinking of becoming rich either.

That's a way too long for becoming rich if you'd just stick at $50 in many years right. Maybe you'll achieve $1000 if you regularly invest $50 not only as your starting capital. Cause that would take long and you'll get tired and bored as well losing your passion to invest. If you can't afford to invest regularly try to find a extra legal money sources that could help you invest.

Building wealth never happens too easily unless you are a rich person already but like me who doesn't have that much money to start, that might be just a dream as it only has less possibility to happen in real life.

Well we can say that rich people have it easy, cause the connections and the capital to make yourself richer is always been there. But comparing yourself isn't necessary since we all have different pace on attaining our goal and it might take long but we'll get there soon.

[_BlackStar]

I already know that using a $50 trading capital was impossible to make it $1,000 in just a few days but can possibly be made for years. And with that long, I'm not sure I still have the courage to trade with that amount, that seems too boring for sure. In this case, I wasn't thinking of becoming rich either.
Building wealth never happens too easily unless you are a rich person already but like me who doesn't have that much money to start, that might be just a dream as it only has less possibility to happen in real life.

There are no shortcuts that can really change your entire life overnight if you only have $50 in your budget. It was impossible even if one was very lucky with one's life. Trading isn't like that even though it has happened before - but it still takes time to earn that kind of return.

People gamble with their greed and think trading is a quick way to get rich. This is the wrong mindset about trading even though they can still get 2-3 times profits somewhere.

[Peanutswar]

I already know that using a $50 trading capital was impossible to make it $1,000 in just a few days but can possibly be made for years. And with that long, I'm not sure I still have the courage to trade with that amount, that seems too boring for sure. In this case, I wasn't thinking of becoming rich either.
Building wealth never happens too easily unless you are a rich person already but like me who doesn't have that much money to start, that might be just a dream as it only has less possibility to happen in real life.

People think once they join into the trading or investment they can have a good immediate return it takes time to deal with it you must need to give most of.your efforts and time just to reach the goal you want to. This is one of the common mistakes of the beginners too they easily baited with too good to be true investments reason to lose their money and asset because if urging too much to earn. Consistency is the best even though its just a small amount. There's no instant millionaire without risk.

[Afnan_faizah]

never let our money just stay in our hand without any grow because after 1 or 2 years we will feel the inflation effect on us. but unfortunately building our wealth is not an easy thing, I think the safest way for now is by buying btc at lowest price as we can and wait. trading with small capital and big capital are technically different, I think if we can make profit with $50 it doesn't means that we can do the same thing with $5000 in the same coin because of technical thing such us the number of market cap, trading volume, price, trend and etc. I think the best way to use $5000 in trading is by doing scalping to many good coins.

[mamesso]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders

You act like a skilled investment advisor who is trying to educate forum members to build a profitable business. The concept is not completely as you wrote, to become big you have to go through several processes first. People who have been successful in business certainly started their careers from the bottom. They are very mature in the field of business, of course they will consider all possibilities that can bring quick profits and be free from rice risks to make a profit.

Investing in real estate is still something that most business people are interested in, apart from the price being able to increase in the future, they can get rent money every year. Comparing Real estate to gambling is the biggest nonsense I have ever heard, you can't compare the two because the paths are very different.

[xSkylarx]

I already know that using a $50 trading capital was impossible to make it $1,000 in just a few days but can possibly be made for years. And with that long, I'm not sure I still have the courage to trade with that amount, that seems too boring for sure. In this case, I wasn't thinking of becoming rich either.
Building wealth never happens too easily unless you are a rich person already but like me who doesn't have that much money to start, that might be just a dream as it only has less possibility to happen in real life.

People think once they join into the trading or investment they can have a good immediate return it takes time to deal with it you must need to give most of.your efforts and time just to reach the goal you want to. This is one of the common mistakes of the beginners too they easily baited with too good to be true investments reason to lose their money and asset because if urging too much to earn. Consistency is the best even though its just a small amount. There's no instant millionaire without risk.

Others decide to quit their job even if they don't know if they can make a living on it on a monthly basis. Most people when it comes to money they want to hastily earn it. Like you've said they just learn it overnight and then think they can now earn tons of profit on it even though there are still a lot of things to learn. Also, because of the haste with which they want to earn that money immediately they fall into a scammer's hands because they thought it was real and they were blinded by the profit they would be getting.

There is no easy money when it comes to investing you'll need to go through ups and downs and it takes a lot of hardship and patience to accomplish it. If you still continue despite that then for sure you'll get what you want in the end.

[Kakmakr]

I was told at a very early stage, that it is one thing to get a lot of money.. but a whole other thing to keep it. Just look at the 1000s of rags to riches stories, where you find someone that won a lot of money and before you know it... that person is living on the street again.

It takes a lot of self discipline not to over spend and to grow that money to beat inflation. You cannot simply leave your money in a Bank, because the inflation will gradually eat into your investment.

Building wealth is a continuous process of change and adaptation to the market conditions. 

[dothebeats]

I was told at a very early stage, that it is one thing to get a lot of money.. but a whole other thing to keep it. Just look at the 1000s of rags to riches stories, where you find someone that won a lot of money and before you know it... that person is living on the street again.

It takes a lot of self discipline not to over spend and to grow that money to beat inflation. You cannot simply leave your money in a Bank, because the inflation will gradually eat into your investment.

Building wealth is a continuous process of change and adaptation to the market conditions. 

You are right. You have to learn to accept and make changes if you want to grow. No one is able to move forward without actually making the move, meaning no one is able to level up if they only do the same things as we face different things in different stages of life and other factors within like finance. You can't expect the always be on top when the world around you is changing and evolving, if you do that then you better know that soon enough people will see you as a thing of the past, and no opportunities will find value to you. Moreover, if you make mistakes but refuse to acknowledge and change the factors that push you to make these mistakes then there will be no growth, you will be putting yourself in an endless cycle of failure.

[bayu7adi]

It takes a lot of self discipline not to over spend and to grow that money to beat inflation. You cannot simply leave your money in a Bank, because the inflation will gradually eat into your investment.

Avoiding inflation is indeed important, but there's a point I find even more critical than solely focusing on safeguarding existing wealth.

A successful entrepreneur appears more prosperous when they can generate income consistently, whether it's every week or every day. They continue to use banking services for transactional needs. The added benefit is that they can grow their wealth more effectively to gain greater profits. The erosion caused by inflation on their assets can be offset by the easily attainable profits.

So, our primary focus should really be on growing our wealth, rather than simply avoiding inflation.

[Jatiluhung]

I think the majority of people know that building wealth is not an easy process. Work hard, think hard, strengthen your mentality, build motivation, continue to innovate, don't give up, be disciplined in finances after mastering financial management. Increase your insight and always be at the forefront of getting important information. All of these are things that are needed in the process of success in building our finances in a better direction. But remember, sometimes luck is needed in any process. Well, there is indeed a separate ratio regarding various efforts to improve your approach to luck. But still luck is luck. Sometimes it happens when we least expect it. And yes, in the process of building wealth, more than one stroke of luck is needed. But it does take a lot of luck. But the most important thing in this case is to keep working hard. Thinking creatively, innovating and maintaining motivation are things that must be maintained in this process.

[jaberwock]

You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.

Maybe there are also real estate investment that works like a pool same to others? If they can gather a lot of $50 from different investor, that would still be a lot of money which will be enough to buy a real estate. Once sold, the profits will then be divided to all investors. If he wants to, there are also cryptocurrencies.

What is better about them is that they can be cheaper and he can own these cryptos in his own, so he can enjoy all the profits that he can get. It is possible to get wealthy by investing just a very small amount in crypto. This is why many people are attracted about them. It is also possible to build more money from a small capital outside cryptos but they may only take more time.

[Don Pedro Dinero]

I think the majority of people know that building wealth is not an easy process. Work hard, think hard, strengthen your mentality, build motivation, continue to innovate, don't give up, be disciplined in finances after mastering financial management. Increase your insight and always be at the forefront of getting important information. All of these are things that are needed in the process of success in building our finances in a better direction. But remember, sometimes luck is needed in any process. Well, there is indeed a separate ratio regarding various efforts to improve your approach to luck. But still luck is luck. Sometimes it happens when we least expect it. And yes, in the process of building wealth, more than one stroke of luck is needed. But it does take a lot of luck. But the most important thing in this case is to keep working hard. Thinking creatively, innovating and maintaining motivation are things that must be maintained in this process.

Picasso said something about inspiration, which we can apply to luck here:

Inspiration exists, but it has to find you working.

In terms of building wealth, we could say that luck exists, but it has to find you working.

If you do things right, if you work hard to make progress, if you don't give up at the drop of a hat, if you set a long-term plan and stick to it, if you don't expect impossible returns and so on, you will be much less dependent on luck than if you expect to win the lottery.

So, I prefer to follow Picasso's advice.

[uneng]

Each case is unique. Some people do get wealthy at once through a very lucky single action, like early investors who bought BTC for few hundreds of dollar or even less, growing it to 69,000$ on the last ATH. I hearded stories about these people and they were just lucky to be on the right place at the right moment, being rewarded with abundant money for the rest of their lives, without worrying about financial difficults anymore.

Meanwhile, there are those who have to build theit wealth step by step, although there is no assurance they are going to be able to achieve it successfuly someday. It's hope which moves the effort and constance of these dreamers in a daily basis and never let them stop trying.

[JunaidAzizi]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also a gamble.

You need to know everything about the topic you deal with especially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

Yes, I agree with your points that buying money is a long-term process you have to wait, and show some patinenç, consistency, and dedication. It's not just to start and then money comes in a fast way which in my thoughts is stupidity and through this, you will lose all your assets. Especially the newbie they came just to earn as much as possible in a short time and as a result, they have their own funds. You need to be fit to learn and then you will earn more A special quote I always follow is "The more you learn the more you earn".

[GeorgeJohn]

This is just imagination, because what someone used and build its is not applicable to what another person will use and its own wealth, we have to understand one thing in building of wealth, because their is every tendency that what you invested on and be prosper I can't invest there and get propagated in the investment, so what we really needs in any investment is a investigation and research. Having a wealth is a plan and positive thinking of yourself, so if you don't think positively in whatsoever you are doing you will not acquire wealth from my perspective or understanding of achievement.

[Hamphser]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also a gamble.

You need to know everything about the topic you deal with especially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

Yes, I agree with your points that buying money is a long-term process you have to wait, and show some patinenç, consistency, and dedication. It's not just to start and then money comes in a fast way which in my thoughts is stupidity and through this, you will lose all your assets. Especially the newbie they came just to earn as much as possible in a short time and as a result, they have their own funds. You need to be fit to learn and then you will earn more A special quote I always follow is "The more you learn the more you earn".

You would really be able to learn those things along the way on which it is really that very common concept that you would really be that able to realize those things along the way and this is something that you must really be able to understand and realize so that you wont really be making  yourself getting bathed with tons of errors and mistakes due to wrong beliefs and insights which turns out to be unrealistic.
Building up a business is no joke and so as on building your wealth which comes right through investment and if you arent really that going into that slow but sure kind of pace but rather going for that fast pace one but it is really that something more risky then it would really be an another story. We know that successful people specially on investment firms didnt really get that kind of success in short time matter.
It does always takes time and lots of patience and perseverance along the way on which you cant really just easily achieve this state without doing those sacrifices.

[Sanitough]

Success is not just all about luck. Because if you rely on luck on every endeavor you have, then you are seeing as a gambling. While investing and trading may bring you wealth in the long run, but know that there’s always a process that you need to go through before you can achieve success. If you want to build wealth, then learn to overcome your losses and mistakes along the way. Learn to start even from a small profits until you come to grow and improve it with your knowledge and skills in your chosen career, and as well with luck.

[poodle63]

I would argue that this one time luck might be the strongest driving force that makes you built your wealth easily, i've seen many that become successful through business out of pure luck, either encountering the right person there is and make success out of it, or just simply lucky enough to start thing that later become the trend randomly and then makes money off it.
although many argued that luck is just one factor, but i also argue that it certainly have the biggest role, there are people trying to build wealth, but always have bad luck, their money always gone to drain, like having sudden ilnesses or something, which makes them fails in term of building wealth, and sometime illness is genetically inherited, which means doesn't matter if you try to be living healthy life, the chance of you getting the illness significantly higher than other people, so luck have big role here.

[lalabotax]

Building wealth it's not just one time Luck
.....
It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

This is the point and we must really understand this. Becoming successful and rich is not something that is instant and easy to realize, especially if we do not come from a rich family. A person will definitely need a variety of different processes, whether flat, intermediate, or even difficult to achieve success. Moreover, success between one person and another may be different. The level of wealth will be different. but the process that goes through will be needed by everyone. There is nothing instant when it comes to getting rich. Even if you do something fraudulent to get rich quickly, it will definitely be a process, not instant. And every process will always have its own strengths and weaknesses, obstacles and consequences. And of course, it's not just about luck. Luck is just a bonus factor after we go through a certain process, not the only determinant. God gives us extraordinary luck because we have actually tried hard and that's when we are actually in a quite successful phase. But it's not just 100% luck.

[xSkylarx]

Success is not just all about luck. Because if you rely on luck on every endeavor you have, then you are seeing as a gambling. While investing and trading may bring you wealth in the long run, but know that there’s always a process that you need to go through before you can achieve success. If you want to build wealth, then learn to overcome your losses and mistakes along the way. Learn to start even from a small profits until you come to grow and improve it with your knowledge and skills in your chosen career, and as well with luck.

This is really the problem with newbies right now, they quickly want to earn huge profits even if they start from scratch. Others think that if you have a business you are already rich but you don't think that you are just getting a penny's worth of profit from it. Without your dedication, hard work, and not giving up you'll not be able to earn the huge profits that you are wanting to because that is really the key to success with your wealth.

Mistakes are the best teacher for us because that is where we learn and improve which we will go through while we are building our wealth. That is why it is better to seek advice from those with experience because you can get a lot of valuable advice from them.

[Jatiluhung]

I think the majority of people know that building wealth is not an easy process. Work hard, think hard, strengthen your mentality, build motivation, continue to innovate, don't give up, be disciplined in finances after mastering financial management. Increase your insight and always be at the forefront of getting important information. All of these are things that are needed in the process of success in building our finances in a better direction. But remember, sometimes luck is needed in any process. Well, there is indeed a separate ratio regarding various efforts to improve your approach to luck. But still luck is luck. Sometimes it happens when we least expect it. And yes, in the process of building wealth, more than one stroke of luck is needed. But it does take a lot of luck. But the most important thing in this case is to keep working hard. Thinking creatively, innovating and maintaining motivation are things that must be maintained in this process.

Picasso said something about inspiration, which we can apply to luck here:

Inspiration exists, but it has to find you working.

In terms of building wealth, we could say that luck exists, but it has to find you working.

If you do things right, if you work hard to make progress, if you don't give up at the drop of a hat, if you set a long-term plan and stick to it, if you don't expect impossible returns and so on, you will be much less dependent on luck than if you expect to win the lottery.

So, I prefer to follow Picasso's advice.

Well I agree with that. And I think Picasso's words are true. And yeah, I think I like that expression too. Because after all, an inspiration will not mean anything if it is not accompanied by action to realize that inspiration. Inspiration also brings positive energy to someone to work harder. But inspiration doesn't always come every time. And sometimes this appears when we are highly motivated at work. Because inspiration usually appears when we do something. Whether it's reading a book, working, watching a movie or whatever. In essence, the process of inspiration is similar to luck which also appears without us expecting it. It's just that inspiration can be sought. But luck I think is really like a thing that comes without even looking for it.

But I agree with you. Namely, the concepts of inspiration and luck are indeed similar. Well, I think this expression is essentially also suitable when applied to luck. as you said.

 Sorry if I'm going around in circles a bit. Because I have difficulty expressing the contents of my thoughts on this matter.

[AGogi2003]

Reinvesting of your profit without good plan after gaining a lot of profit from the first investment can lead to total loss of money. Reinvesting with your capital, inclusive with the profit makes it more riskier without a proper investment strategy to achieve what was achieved the first time. You can’t always be lucky, but the smartest and most knowledgeable investors continue to win is such market.

Exactly, I agree with your point, when investing with your previous profits and you don't have a specific plan am sure you will lose your fund, on anything you are doing, you need to have an idea before investing, anyone who is succeeding in investment now, has thoughts and expertise on the investment they are doing, because without knowledge, I don't think someone will succeed, I can say building a wealth is not an easy thing to do, you need to wake up and you will never give up before you can achieve your goals.

[Fakhrulenclix]

Reinvesting of your profit without good plan after gaining a lot of profit from the first investment can lead to total loss of money. Reinvesting with your capital, inclusive with the profit makes it more riskier without a proper investment strategy to achieve what was achieved the first time. You can’t always be lucky, but the smartest and most knowledgeable investors continue to win is such market.

Exactly, I agree with your point, when investing with your previous profits and you don't have a specific plan am sure you will lose your fund, on anything you are doing, you need to have an idea before investing, anyone who is succeeding in investment now, has thoughts and expertise on the investment they are doing, because without knowledge, I don't think someone will succeed, I can say building a wealth is not an easy thing to do, you need to wake up and you will never give up before you can achieve your goals.

All investments certainly have a clear plan and goal, namely making a profit, but back to the type of investment and the possible profits that will be obtained from the investment, all of this must be based on adequate knowledge before investing.
There is no luck in investing and not all investments are good for the long term or for building wealth, because to build wealth there will be many things that we need and need to do or we have to have passive income or other things.

[dothebeats]

Success is not just all about luck. Because if you rely on luck on every endeavor you have, then you are seeing as a gambling. While investing and trading may bring you wealth in the long run, but know that there’s always a process that you need to go through before you can achieve success. If you want to build wealth, then learn to overcome your losses and mistakes along the way. Learn to start even from a small profits until you come to grow and improve it with your knowledge and skills in your chosen career, and as well with luck.

This is really the problem with newbies right now, they quickly want to earn huge profits even if they start from scratch. Others think that if you have a business you are already rich but you don't think that you are just getting a penny's worth of profit from it. Without your dedication, hard work, and not giving up you'll not be able to earn the huge profits that you are wanting to because that is really the key to success with your wealth.

Mistakes are the best teacher for us because that is where we learn and improve which we will go through while we are building our wealth. That is why it is better to seek advice from those with experience because you can get a lot of valuable advice from them.

I agree with you. I have noticed how newbies or people who are just discovering how business and investments work push themselves and other factors to rapidly make money. They always ask for the quickest way to earn profit and ironically they want said profit to be big. It seems as if they fail to realize that it takes more than having capital for an individual to start earning, may it be from business or investment. You have to be able to master your craft, inform yourself, dedicate time and effort, work hard, and face challenges head-on to be able to see any progress. You can't be a millionaire in just one day, just because you launched a new business or invested a huge sum of money, you still have to do more than just sit pretty and wait for your money to multiply in its own.

[Y3shot]

People keep chasing too much to earn money, Based on the statement better to focus on one field it's too hard to manage all of those things, seek for better opportunities stick to the things you are good too and once you master make new challenges through trying another thing. Not all starts with a good run of making a profit you will experience ups and downs There's no consistent winning in life. You can't earn a lot of money if you don't take a risk and gamble the funds you have. Top earners make a lot of failures and lose a lot but they keep taking risks to become successful.

Chasing of so many things to gain money can be distractions of not getting reasonable achievements of anything.  The best thing is to be focused on one and bring out the best from it , this is the best way of making money. Billionaires I have seen, they focused on one project and make sure it becomes very successful, they didn't chase different things to make money to become Billionaires . They had target of achieving things one after the other.

[slapper]

It's excellent that strategy and understanding underpin good investing. Luck-based profits are short-lived. Only well-researched and executed plans last
Starting cash is only a number in trading. Seller success depends on competence and method. Losing $50 indicates basic issues, therefore losing more is a bigger mistake. Real estate goes beyond buildings and mortar; you must comprehend the credit industry. Without this, you're risking

It's naïve to expect gold or silver investments will make money. Likewise, speculating on inflation rising is dangerous. Money matters, thus knowledge is crucial. The year 2023 may teach people how crucial it is to comprehend rather than assume

[G_Besar]

Exactly, I agree with your point, when investing with your previous profits and you don't have a specific plan am sure you will lose your fund, on anything you are doing, you need to have an idea before investing, anyone who is succeeding in investment now, has thoughts and expertise on the investment they are doing, because without knowledge, I don't think someone will succeed, I can say building a wealth is not an easy thing to do, you need to wake up and you will never give up before you can achieve your goals.

Nowadays, everything we do really requires knowledge as a starting point, especially if it is about investing in the crypto market, which basically has very sharp price fluctuations every hour. So it cannot be denied that every person must have basic knowledge that can provide a little guidance for him apart from guidance from other people's advice on this matter, because someone who is determined to invest without having sufficient knowledge will definitely experience losses more easily.

And he could even lose his capital if he doesn't have the slightest knowledge to start this, because someone who carries out investments without sufficient knowledge and experience will definitely not know how to manage his capital or investment well and can also panic more easily when he sees decrease in prices in the market.

[doomloop]

There is absolutely no one-time luck in financial markets. It is possible to become rich with a single transaction but it is impossible for this transaction to be realized in the first transaction that a person makes. Finding a transaction that can make the money worth several times is possible by having a variety of infrastructure such as experience, market analysis, foresight and risk taking. Also, the management of such a lucrative position is certainly not possible without experience.

In other words, a person who makes a very high profit with a single transaction has actually made hundreds of unsuccessful transactions before this transaction and has gained experience by being disappointed many times. In other words, although it seems that he/she is someone who has become rich with a single transaction he/she is actually someone who has gained painful experience with many transactions and has earned a good amount of money with a nice transaction while chasing opportunities.

Well, you probably know about meme coins, which are actually the reason why all new investors of the cryptocurrency market think that it's very easy to get a lot of wealth with cryptocurrency investments which is actually not true but just because a few meme coins managed to gain significant hype in the market and made a few millionaires among their early investors, everyone started thinking that they can achieve that feat too if they keep trying all the time.

This mindset is the reason why thousands of meme coin creators manage to get a lot of money and then run away with the funds because they know they won't get enough hype and they have already got way more than they might have used themselves for creating those tokens and marketing them a little bit.

[edy_58]

Exactly, I agree with your point, when investing with your previous profits and you don't have a specific plan am sure you will lose your fund, on anything you are doing, you need to have an idea before investing, anyone who is succeeding in investment now, has thoughts and expertise on the investment they are doing, because without knowledge, I don't think someone will succeed, I can say building a wealth is not an easy thing to do, you need to wake up and you will never give up before you can achieve your goals.

Nowadays, everything we do really requires knowledge as a starting point, especially if it is about investing in the crypto market, which basically has very sharp price fluctuations every hour. So it cannot be denied that every person must have basic knowledge that can provide a little guidance for him apart from guidance from other people's advice on this matter, because someone who is determined to invest without having sufficient knowledge will definitely experience losses more easily.

And he could even lose his capital if he doesn't have the slightest knowledge to start this, because someone who carries out investments without sufficient knowledge and experience will definitely not know how to manage his capital or investment well and can also panic more easily when he sees decrease in prices in the market.

It really takes special knowledge and expertise to be able to start an investment so that we can anticipate unexpected situations in investing. By having good knowledge in making investments, at least if something happens that we don't want, we can handle it well so that we can still persist in what we do and it is also very necessary for us to have someone who guides us in investing because if we have a problem in investing we can ask for a solution from him to overcome the problem we are facing.
Choosing to invest without having good knowledge and just relying on capital alone is a very bad thing because many things that we cannot predict can happen and we will definitely experience losses and we will lose what we have more easily than we collect it.

[CryptopreneurBrainboss]

This is just imagination, because what someone used and build its is not applicable to what another person will use and its own wealth, we have to understand one thing in building of wealth, because their is every tendency that what you invested on and be prosper I can't invest there and get propagated in the investment,

On the contrary, wealth isn't something you get from been lucky and that's when your statement is applicable because what someone did and got lucky at like gambling is unlikely to be replicated by another person but when it comes to wealth, several people can make use of the same strategy and come out successful. Mark Zuckerberg used Facebook (social media) to build his empire and other entrepreneurs have done the same thing and became successful. Bill gate uses Microsoft (tech industry) to build his wealth and other entrepreneurs has done something similar and also built generational wealth. A strategy used for building wealth can be replicated by many people and they'll be successful that's why building wealth can't be a one time luck.

Chasing of so many things to gain money can be distractions of not getting reasonable achievements of anything.  The best thing is to be focused on one and bring out the best from it , this is the best way of making money. Billionaires I have seen, they focused on one project and make sure it becomes very successful, they didn't chase different things to make money to become Billionaires . They had target of achieving things one after the other.

Elon musk has many companies, He has Telsa (the car brand), Space X (space exploration), Twitter (now X which is social media), he has a perfume company as well and probably others that we haven't heard of or he's secretly invested in. Billionaire don't focus only on one investment or business, they would have one that they're known for and is probably giving them the biggest profits and publicity but they always have other business because they understand the power of diversifying. A hustler doesn't have one business he's doing as he always has multiple streams of income and that's how they make their wealth. Others are fortunate to have only one business that they make all their wealth from but you can't take your chances on having just one business.

[bayu7adi]

Chasing of so many things to gain money can be distractions of not getting reasonable achievements of anything.  The best thing is to be focused on one and bring out the best from it , this is the best way of making money. Billionaires I have seen, they focused on one project and make sure it becomes very successful, they didn't chase different things to make money to become Billionaires . They had target of achieving things one after the other.

Elon musk has many companies, He has Telsa (the car brand), Space X (space exploration), Twitter (now X which is social media), he has a perfume company as well and probably others that we haven't heard of or he's secretly invested in. Billionaire don't focus only on one investment or business, they would have one that they're known for and is probably giving them the biggest profits and publicity but they always have other business because they understand the power of diversifying. A hustler doesn't have one business he's doing as he always has multiple streams of income and that's how they make their wealth. Others are fortunate to have only one business that they make all their wealth from but you can't take your chances on having just one business.

Elon Musk has truly ascended to a different echelon in his entrepreneurial journey. In my view, the stages of entrepreneurship often begin with the establishment of one successful venture and then progress into expansion and diversification.

Elon Musk's initial foray into business was Zip2, a web software company. This endeavor catapulted him to a $300 million fortune by 1999, marking one-third of the path toward billionaire status in his very first business. Perhaps this is what @Y3shot meant – ensuring the success of one business before branching out into others.

SpaceX took flight in 2002, followed by Tesla in 2003. From there, I'm confident that the proceeds from his prior ventures enabled him to nurture these other immensely promising businesses.

Therefore, it's not amiss for someone to ensure the success of one business first with unwavering focus. Subsequent ventures may sprout when the previous one can essentially run itself.

[Zigabel]

No one builds significant wealth from trading with an initial capital of $50 without making additions.  

I agree with you strongly. In as much as been productive in little can mean been even significantly productive and profitable in more due to a good managerial skill, the influence/impact of a good or high volume capital can not be overly emphasised as it creates a better edge for a fast pace growth and profitablity which is very healthy for wealth creation.

A good example can be sited with trading, a portfolio with just $50 can not experience the exact same amount of progress a portfolio of $50k will even if both accounts are on same trades as their profit margin will differ in large proportion, hence the person with a $50k account have higher tendencies of making a good fortune in less than no time as compared to that with the $50 account size. The person with a lower account size further stand chances of loosing their account quickly to volatility in the market even before they would want to think of making a fortune out of it hence it's okay to a $50 account size will most likely not make u a fortune.

[nara1892]

This is just imagination, because what someone used and build its is not applicable to what another person will use and its own wealth, we have to understand one thing in building of wealth, because their is every tendency that what you invested on and be prosper I can't invest there and get propagated in the investment,

On the contrary, wealth isn't something you get from been lucky and that's when your statement is applicable because what someone did and got lucky at like gambling is unlikely to be replicated by another person but when it comes to wealth, several people can make use of the same strategy and come out successful. Mark Zuckerberg used Facebook (social media) to build his empire and other entrepreneurs have done the same thing and became successful. Bill gate uses Microsoft (tech industry) to build his wealth and other entrepreneurs has done something similar and also built generational wealth. A strategy used for building wealth can be replicated by many people and they'll be successful that's why building wealth can't be a one time luck.

Well that's true, I think just by reading "wealth is not an achievement you can get by luck" it's obvious that they would think that there would be a process to achieve that. But yeah there might be some people who managed to get wealth from the result of luck like you said those who got something big from gambling, but honestly I wouldn't say that it's pure wealth but just pure luck, because usually the wealthy are the people who are able to start everything from zero with all the process to achieve the wealth they want. They have the knowledge to maintain their wealth but unlike the people who got it through luck, it is very likely that their wealth will run out in a short time, because they made it from luck and not from the way they have like the entrepreneurs you mentioned above.
Mark Zuckerberg and Bill gate have their own ways to achieve their success and nothing but that they get in return for their hard work, these people know how to build their wealth and also know how to maintain it.

It really takes special knowledge and expertise to be able to start an investment so that we can anticipate unexpected situations in investing. By having good knowledge in making investments, at least if something happens that we don't want, we can handle it well so that we can still persist in what we do and it is also very necessary for us to have someone who guides us in investing because if we have a problem in investing we can ask for a solution from him to overcome the problem we are facing.
Choosing to invest without having good knowledge and just relying on capital alone is a very bad thing because many things that we cannot predict can happen and we will definitely experience losses and we will lose what we have more easily than we collect it.

Well that's absolutely true and I would say that only desperate people come without any knowledge into the world of investing. I wouldn't say they are careless but rather stupid. I understand you're coming for the big bucks like everyone else but it's ridiculous to want to make a profit without any tools to help you realize that goal. Maybe at least before you jump into investing you should have some basic knowledge about this field. Especially if you really want to start your investment then you must have a good plan, understand your finances, use money that will not be used for other needs in the future, and learn continuously to be able to create a strategy that is accurate enough, build a strong mentality in yourself and lastly I say that self-control is very important there. Because yes I agree with you, it will be very useful to balance all your investment activities, you can get for and you can also minimize losses with all the preparations you have or that you have prepared in advance. Yes that's right, if you can't learn by yourself then maybe you can look for other alternatives that can guide you to go further like for example looking for a professional mentor so that you don't go in the wrong direction.

[Porfirii]

I have recently seen a TV programme ("how to get rich" or something like that, in Netflix, not an eye-opener at all) where a man invested 20k USD in zoom at the beginning of the pandemic and his investment hit in a few days 150k. Long story short: he eventually lost money because he waited too much to withdraw and reinvested in shitty stocks in Robinhood.

In addition, today a colleague has told me that a professor of him won the lottery with some friends, and all of them ended bad (dead, addicted or ruined).

So I can't agree more with your thesis, OP, and the fact that most people I have talked with about it don't believe it only corroborate that idea.

[Latviand]

That depends though, what if the luck that you're talking about is winning the lottery or being able to buy bitcoin back when it was dirt cheap? That's a different kind of luck. Also it's kind of weird to say that you've disregard someone's trading skill by saying that if they make 10x profit, that means they're lucky, but I guess that depends though and I do agree that if it's not a consistent occurrence then there's something wrong but I'd like to point out that even the greatest trader out there doesn't do good trades everyday.

[Lorence.xD]

I have recently seen a TV programme ("how to get rich" or something like that, in Netflix, not an eye-opener at all) where a man invested 20k USD in zoom at the beginning of the pandemic and his investment hit in a few days 150k. Long story short: he eventually lost money because he waited too much to withdraw and reinvested in shitty stocks in Robinhood.

In addition, today a colleague has told me that a professor of him won the lottery with some friends, and all of them ended bad (dead, addicted or ruined).

So I can't agree more with your thesis, OP, and the fact that most people I have talked with about it don't believe it only corroborate that idea.

Most likely they got overwhelm with the amount of money they've won or received and did all the things that they haven't done before such as investing all your money in shitty coins/stocks, and trying out drugs which will eventual lead to killing yourself or ruined life, why? They did not manage their money cause they lack the knowledge, they have been blind by the big amount of money on their hands. If you have the money and don't have knowledge why not hire a financial tutor right so you would know to handle your money. Cause I believe even a million or thousands of money could get easily drained if you are keep consuming without reserving, saving and investing.

[Cookdata]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

You need to know everything about the topic you deal with specially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

You sound too theoretical than someone who is talking in a real sense. How on earth can you continue to make 10x in the long term, that is not possible, trading sometimes is by luck and what happens after, your position and what you think might not happen every day, just because you set up a trade on support of BTC/USD at $25k and it did make you 10x after it hit that price, you think the same is going to happen. If you are not even a pro trader, you will lose everything you earn the second day, trust me.

You can't know everything, you are limited with information, even Albert Einstein didn't know all, if he had known all, he would have developed a formula that would have save his life but he couldn't and neither do you. You can't understand everything around money, if indeed you understand everything around money, you will not be on this forum making threads on theoretical stuff to get merit, instead, you will be on your desk trading and making all that profits to yourself; Before you teach others, make sure you have the proof that you have done it and has been successful too.

[Vaculin]

That depends though, what if the luck that you're talking about is winning the lottery or being able to buy bitcoin back when it was dirt cheap? That's a different kind of luck. Also it's kind of weird to say that you've disregard someone's trading skill by saying that if they make 10x profit, that means they're lucky, but I guess that depends though and I do agree that if it's not a consistent occurrence then there's something wrong but I'd like to point out that even the greatest trader out there doesn't do good trades everyday.

If there’s wealth that you were able to built out from a single luck, then expect that it will also vanish all of a sudden just like a thin air. That’s why stable wealth are hard to build and establish. Sometimes, you need more than just one luck, and a sufficient knowledge and skills, and a good amount of patience in order to build your wealth. If you do everything and yet you’re still not lucky, probably you are doing the wrong and ineffective way.

[Baofeng]

That depends though, what if the luck that you're talking about is winning the lottery or being able to buy bitcoin back when it was dirt cheap? That's a different kind of luck. Also it's kind of weird to say that you've disregard someone's trading skill by saying that if they make 10x profit, that means they're lucky, but I guess that depends though and I do agree that if it's not a consistent occurrence then there's something wrong but I'd like to point out that even the greatest trader out there doesn't do good trades everyday.

If there’s wealth that you were able to built out from a single luck, then expect that it will also vanish all of a sudden just like a thin air. That’s why stable wealth are hard to build and establish. Sometimes, you need more than just one luck, and a sufficient knowledge and skills, and a good amount of patience in order to build your wealth. If you do everything and yet you’re still not lucky, probably you are doing the wrong and ineffective way.

True, I also believed in this saying, I mean let's say that you struck in a lotto and won. Meaning there is no hard work behind, you simply got a windfall, so easy money as what we say. So most likely if you are a person who hasn't seen or touch this kind of money before, then you might drown seeing it and you don't know what to do.

So you might buy something that you don't need and live a lavish lifestyle. Nevertheless, if you don't know how to protect it sooner or later maybe in less than a year, it will all be vanish in thin air. Better be work our ass off and earn and become wealthy in years through hard work and investing.

[Smartvirus]

If there’s wealth that you were able to built out from a single luck, then expect that it will also vanish all of a sudden just like a thin air. That’s why stable wealth are hard to build and establish. Sometimes, you need more than just one luck, and a sufficient knowledge and skills, and a good amount of patience in order to build your wealth. If you do everything and yet you’re still not lucky, probably you are doing the wrong and ineffective way.

Can anyone build wealth out of a single luck? I mean, let’s look at it.
Wealth is much different from when you say someone is rich! They both aren’t the same thing and vast significantly by my understanding.

Rich simply puts you in a position of having just enough money to maintain a lifestyle around the average level. Maybe you own a house, car, business, few properties, family and can afford most of your expense.
When someone is wealthy, you almost own enough joy yo work a day anymore in your lifetime and still, you would be rich enough to afford all that you would desire.

That’s how I look at them and I don’t think it’s a level one can archive out of a single luck. People can inherit wealth but, you don’t get wealthy out of luck.

[serjent05]

That depends though, what if the luck that you're talking about is winning the lottery or being able to buy bitcoin back when it was dirt cheap? That's a different kind of luck. Also it's kind of weird to say that you've disregard someone's trading skill by saying that if they make 10x profit, that means they're lucky, but I guess that depends though and I do agree that if it's not a consistent occurrence then there's something wrong but I'd like to point out that even the greatest trader out there doesn't do good trades everyday.

Even winning in a lottery requires time.  I have never heard someone who just bought his first lottery ticket win.  If there is, it is more likely a fabricated story to make the story more sensationalized.  So these people may have been buying lottery tickets for months or years before they got the winning number combination.

At the same time in a situation where one person bought Bitcoin at a very cheap price.  This took years before Bitcoin started to skyrocket.  In short, there is no such thing as get rich quick, because if it is, the person may probably be scammed.

[macson]

being rich is everyone's dream but it is not easy to build it, it takes hard work and good skills to achieve it, we all go to school to get a good education so we can get a decent income and that also takes quite a long time, which is very important to become someone who is rich is a circle of friends, if you are in the circle of entrepreneurs then you will get a lot of good business plans and a good exchange of information about the business and it doesn't take a moment to achieve it.  as long as you are able to imitate the way rich people work then you will be able to achieve that, but it is far from the opinion that being rich can be achieved in a short time ^{(unless you win the big lottery)}

[martinex]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

To make even a 10% profit is very difficult in the current situation, especially when you bought everything with that $50 capital. The dream of being profitable in trading to get 10x, 20x ... 100x profits and achieving a profit of $1000 with capital of $50 like a dream (and trading is not the world of memes) in my opinion. On the other hand, the initial capital value of $50 is actually less than 35% of the initial capital. Believe it or not, that is what happens in the world of trading if it is not resistant to corrections like some time ago. Now. Does anyone here feel this?

[HONDACD125]

being rich is everyone's dream but it is not easy to build it, it takes hard work and good skills to achieve it, we all go to school to get a good education so we can get a decent income and that also takes quite a long time, which is very important to become someone who is rich is a circle of friends, if you are in the circle of entrepreneurs then you will get a lot of good business plans and a good exchange of information about the business and it doesn't take a moment to achieve it.  as long as you are able to imitate the way rich people work then you will be able to achieve that, but it is far from the opinion that being rich can be achieved in a short time ^{(unless you win the big lottery)}

I don't think you can get rich just by winning the lottery, but most of the billionaires in the world got there through hard work, and you don't have to be very good at education to get rich. Rather you can take the example of Bill Gates who was very weak in terms of education, but later earned a lot of name, wealth and fame through his hard work and ambition.


It is true that there is no short cut way to get rich but one has to take a long journey to reach this destination. Luck also plays a big role in this. Some people also have luck on their side, due to which they easily overcome difficult phases. Some give examples of what he touches turning to gold. I think the best option to get rich is business,If you live in the circle of business people, you will also get knowledge about getting new business ventures and you can learn a lot from them.

[Strongkored]

Many people understand this, but luck can make it easier for us to achieve the wealth we desire, it's just that everything that is obtained easily will also be lost very easily, this happens because usually we will not be too careful when using wealth obtained quickly, or also because they think they will get it back quickly, so they use it unwisely, buy a lot of things that decrease in value, or continue to spend it on things that are not important.
Achieving wealth takes time and we can see how rich people take decades to achieve it

[barisbilgili]

being rich is everyone's dream but it is not easy to build it, it takes hard work and good skills to achieve it, we all go to school to get a good education so we can get a decent income and that also takes quite a long time, which is very important to become someone who is rich is a circle of friends, if you are in the circle of entrepreneurs then you will get a lot of good business plans and a good exchange of information about the business and it doesn't take a moment to achieve it.  as long as you are able to imitate the way rich people work then you will be able to achieve that, but it is far from the opinion that being rich can be achieved in a short time ^{(unless you win the big lottery)}

I don't think you can get rich just by winning the lottery, but most of the billionaires in the world got there through hard work, and you don't have to be very good at education to get rich. Rather you can take the example of Bill Gates who was very weak in terms of education, but later earned a lot of name, wealth and fame through his hard work and ambition.


It is true that there is no short cut way to get rich but one has to take a long journey to reach this destination. Luck also plays a big role in this. Some people also have luck on their side, due to which they easily overcome difficult phases. Some give examples of what he touches turning to gold. I think the best option to get rich is business,If you live in the circle of business people, you will also get knowledge about getting new business ventures and you can learn a lot from them.

There are many processes that must be taken to become rich, but there are some people who become rich because of their parents' inheritance and can manage well what their parents have given them so that they will remain rich, but very few people can do it because they are not able to manage it well good. Yes, you are right that choosing to do business will indeed make us rich, but before starting to do business there are many things we have to prepare carefully so that the business we are going to build doesn't just run for a moment so we experience losses in business.

[gunhell16]

That depends though, what if the luck that you're talking about is winning the lottery or being able to buy bitcoin back when it was dirt cheap? That's a different kind of luck. Also it's kind of weird to say that you've disregard someone's trading skill by saying that if they make 10x profit, that means they're lucky, but I guess that depends though and I do agree that if it's not a consistent occurrence then there's something wrong but I'd like to point out that even the greatest trader out there doesn't do good trades everyday.

If there’s wealth that you were able to built out from a single luck, then expect that it will also vanish all of a sudden just like a thin air. That’s why stable wealth are hard to build and establish. Sometimes, you need more than just one luck, and a sufficient knowledge and skills, and a good amount of patience in order to build your wealth. If you do everything and yet you’re still not lucky, probably you are doing the wrong and ineffective way.

Well, it is true that building wealth is not easy. Then not all people's hard work or patience just to have a lot of wealth will be successful in the end. Because most of the others are just hardworking and patient, but the system they are working on is wrong, their situation is still difficult.

It seems to mean that others who are rich businessmen are not hardworking in terms of physical effort; instead, they use the smart way. While the majority are hardworking, they still remain poor because no wealth is built because it only goes to their bills, and often they are still lacking or under pressure.

[adzino]

I understand what you are trying to say. Relying on luck is like hoping to win the lottery (with impossible odds) to get rich. Yes, there are few people that get lucky and become rich over night, but the numbers are very few. Like 1 in a 100,000 people maybe. The rest actually ends up losing more when relying on luck to make money. Look at how many people have lost their savings and almost everything when investing on some shitcoin hoping that it will go x1000 in few days. A lot! Consistent effort, smart choices, and understanding what you are doing and where you are investing is the key to building your wealth and yes.. a little luck.

[Fakhrulenclix]

I understand what you are trying to say. Relying on luck is like hoping to win the lottery (with impossible odds) to get rich. Yes, there are few people that get lucky and become rich over night, but the numbers are very few. Like 1 in a 100,000 people maybe. The rest actually ends up losing more when relying on luck to make money. Look at how many people have lost their savings and almost everything when investing on some shitcoin hoping that it will go x1000 in few days. A lot! Consistent effort, smart choices, and understanding what you are doing and where you are investing is the key to building your wealth and yes.. a little luck.

Actually, everyone knows this, but there are quite a few people who try to get lucky, yes, but I think it's just a normal thing.
And to be realistic, in building wealth, everyone knows the stages that need to be gone through, but regarding trying your luck on shitcoins or other things that can make you rich in just a short time, I think there's no harm in it, but there must be a limit because if you overdo it, it will actually result in big losses.

[passwordnow]

I understand what you are trying to say. Relying on luck is like hoping to win the lottery (with impossible odds) to get rich. Yes, there are few people that get lucky and become rich over night, but the numbers are very few. Like 1 in a 100,000 people maybe. The rest actually ends up losing more when relying on luck to make money.

While there are rare and few people that have been lucky and became rich overnight. Those who have put in a lot of hard work and effort are the normal process of being wealthy and as long as both have made their own way through it legally, there's no question for both of them.

Look at how many people have lost their savings and almost everything when investing on some shitcoin hoping that it will go x1000 in few days. A lot! Consistent effort, smart choices, and understanding what you are doing and where you are investing is the key to building your wealth and yes.. a little luck.

True and those investors that have been putting all of their savings and finding for those types of altcoins to invest with, they're depending on luck. There are many of them that don't do their due diligence before entrust their money on those.

[demonica]

That depends though, what if the luck that you're talking about is winning the lottery or being able to buy bitcoin back when it was dirt cheap? That's a different kind of luck. Also it's kind of weird to say that you've disregard someone's trading skill by saying that if they make 10x profit, that means they're lucky, but I guess that depends though and I do agree that if it's not a consistent occurrence then there's something wrong but I'd like to point out that even the greatest trader out there doesn't do good trades everyday.

If you get lucky and won such a huge amount of prize, you'll be rich. But if you don't know how to handle that money or how to grow it more, then it'll be gone after some time. To be able to be stable with your wealth, you build yourself. And it takes a lot of effort and hard work. You can be rich with one time luck but it won't last without skills and hard work.

[dothebeats]

That depends though, what if the luck that you're talking about is winning the lottery or being able to buy bitcoin back when it was dirt cheap? That's a different kind of luck. Also it's kind of weird to say that you've disregard someone's trading skill by saying that if they make 10x profit, that means they're lucky, but I guess that depends though and I do agree that if it's not a consistent occurrence then there's something wrong but I'd like to point out that even the greatest trader out there doesn't do good trades everyday.

If you get lucky and won such a huge amount of prize, you'll be rich. But if you don't know how to handle that money or how to grow it more, then it'll be gone after some time. To be able to be stable with your wealth, you build yourself. And it takes a lot of effort and hard work. You can be rich with one time luck but it won't last without skills and hard work.

And that's just how it is, even if you get lucky once you still have to manage it and ensure that whatever benefit you get from hitting the luck will not be gone after a day or two. There already have been a lot of stories of individuals winning the lottery and after less than a year they have lost almost all of the price money. Those stories showed how you cannot just depend on luck alone, you still have to work and manage everything yourself. If you keep relying on luck then you will continue to find yourself back to where you started.

[Dickiy]

If you get lucky and won such a huge amount of prize, you'll be rich. But if you don't know how to handle that money or how to grow it more, then it'll be gone after some time. To be able to be stable with your wealth, you build yourself. And it takes a lot of effort and hard work. You can be rich with one time luck but it won't last without skills and hard work.

And that's just how it is, even if you get lucky once you still have to manage it and ensure that whatever benefit you get from hitting the luck will not be gone after a day or two. There already have been a lot of stories of individuals winning the lottery and after less than a year they have lost almost all of the price money. Those stories showed how you cannot just depend on luck alone, you still have to work and manage everything yourself. If you keep relying on luck then you will continue to find yourself back to where you started.

Yes and that means that no matter how big the luck is, it still depends on how you can manage it. Because it's useless even though you have as much money as you have or as rich as you are if you can't manage your finances well then yes the results are like what you said maybe it will run out in just a day or two. We can see how rich people who started from the bottom to the top point in their lives, they are more concerned with how to maintain their wealth rather than prioritizing their desires such as buying something that is actually not important at all, and that is clearly a waste. And I think that means a person who has wealth from the results of his hard work will be very different from those who are rich from the results of getting lucky from winning the lottery for example, and clearly the difference is from how they can manage the money to continue to grow. Honestly agree with what you said, that indeed we cannot continue to depend on luck alone, there must be action to make changes, it doesn't need to be too significant but you can start slowly and consistently.

[Texac]

If you get lucky and won such a huge amount of prize, you'll be rich. But if you don't know how to handle that money or how to grow it more, then it'll be gone after some time. To be able to be stable with your wealth, you build yourself. And it takes a lot of effort and hard work. You can be rich with one time luck but it won't last without skills and hard work.

And that's just how it is, even if you get lucky once you still have to manage it and ensure that whatever benefit you get from hitting the luck will not be gone after a day or two. There already have been a lot of stories of individuals winning the lottery and after less than a year they have lost almost all of the price money. Those stories showed how you cannot just depend on luck alone, you still have to work and manage everything yourself. If you keep relying on luck then you will continue to find yourself back to where you started.

Yes and that means that no matter how big the luck is, it still depends on how you can manage it. Because it's useless even though you have as much money as you have or as rich as you are if you can't manage your finances well then yes the results are like what you said maybe it will run out in just a day or two. We can see how rich people who started from the bottom to the top point in their lives, they are more concerned with how to maintain their wealth rather than prioritizing their desires such as buying something that is actually not important at all, and that is clearly a waste. And I think that means a person who has wealth from the results of his hard work will be very different from those who are rich from the results of getting lucky from winning the lottery for example, and clearly the difference is from how they can manage the money to continue to grow. Honestly agree with what you said, that indeed we cannot continue to depend on luck alone, there must be action to make changes, it doesn't need to be too significant but you can start slowly and consistently.

Totally agree with what everyone is saying, regardless of whether that success comes from luck or because we inherited it.  but if we don't know how to manage it, no matter how big that asset is, it will one day disappear.

But I want to emphasize one thing, luck is indispensable when it comes to anyone's success.  although sometimes we will see a lot of successful people coming from poor backgrounds, or working hard to achieve success, I believe that without luck, no matter how talented they are, they will not succeed if luck does not come to them.  we must not be lazy and rely only on luck, but we also cannot deny that luck is a part of our success.

[Bloodseekers]

Totally agree with what everyone is saying, regardless of whether that success comes from luck or because we inherited it.  but if we don't know how to manage it, no matter how big that asset is, it will one day disappear.

But I want to emphasize one thing, luck is indispensable when it comes to anyone's success.  although sometimes we will see a lot of successful people coming from poor backgrounds, or working hard to achieve success, I believe that without luck, no matter how talented they are, they will not succeed if luck does not come to them.  we must not be lazy and rely only on luck, but we also cannot deny that luck is a part of our success.

Not everyone has wealth inherited from their parents and I really agree with you that if they cannot manage it well, whatever wealth their parents inherited will certainly run out. Yes, you are right in achieving the goal of becoming rich luck is part of the process of being able to achieve the goals we want without luck, no matter how hard we work, we will not be able to achieve the goal of becoming rich.

[superman184]

Not everyone has wealth inherited from their parents and I really agree with you that if they cannot manage it well, whatever wealth their parents inherited will certainly run out. Yes, you are right in achieving the goal of becoming rich luck is part of the process of being able to achieve the goals we want without luck, no matter how hard we work, we will not be able to achieve the goal of becoming rich.

The goal of becoming rich is the core point of every process carried out by everyone, because those who inherited wealth from their own parents will not know how bitter it is to struggle from the bottom to become rich. And such people will never feel how to start the process little by little which can ultimately become rich, even though it must be accompanied by a level of luck.

Meanwhile, those who have been poor and worked hard from the bottom to become rich are very extraordinary people because such people will always appreciate every process that they themselves went through before they became rich in life. That is why everyone's struggles are not always the same and will continue to differ from one person to another because some people only continue the struggles of their parents and don't feel how to struggle from zero to become truly rich.

[red4slash]

Totally agree with what everyone is saying, regardless of whether that success comes from luck or because we inherited it.  but if we don't know how to manage it, no matter how big that asset is, it will one day disappear.

But I want to emphasize one thing, luck is indispensable when it comes to anyone's success.  although sometimes we will see a lot of successful people coming from poor backgrounds, or working hard to achieve success, I believe that without luck, no matter how talented they are, they will not succeed if luck does not come to them.  we must not be lazy and rely only on luck, but we also cannot deny that luck is a part of our success.

The problem is that these two things will be inversely proportional in terms of the process and the achievements received.
Not everyone is born rich and many people don't get anything to inherit from their parents because of previous factors that also have the same life strata.
On the other hand, we also actually have to believe that being born from a rich person and being born from a poor person, the start will definitely be different. When someone is born to a rich person then they will have a much greater privilege and easier to be successful in the future. Apart from the existing capital, they will also be educated much better than when we live in a low economic strata.
It does not mean that poor people cannot become rich, but even when we have a different start we have a strong desire and can have great achievements, the results will still not be equalised in my opinion and it is precisely with this great achievement that makes the degree different.

[0t3p0t]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

You need to know everything about the topic you deal with specially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

True. Investment without single loss is pure luck. Before we went that far with our investments we experienced losses it could be minor or that what makes us quit. 😅 Building wealth will surely be going a long long process before we can call it wealth. There is no shortcut. I actually was lucky way back 2017 for earning tens of thousands of dollars unfortunately, that luck did not last long and before that luck, I wasted effort and time just to come up with something just like a bubble that bursts.

[Dickiy]

Yes and that means that no matter how big the luck is, it still depends on how you can manage it. Because it's useless even though you have as much money as you have or as rich as you are if you can't manage your finances well then yes the results are like what you said maybe it will run out in just a day or two. We can see how rich people who started from the bottom to the top point in their lives, they are more concerned with how to maintain their wealth rather than prioritizing their desires such as buying something that is actually not important at all, and that is clearly a waste. And I think that means a person who has wealth from the results of his hard work will be very different from those who are rich from the results of getting lucky from winning the lottery for example, and clearly the difference is from how they can manage the money to continue to grow. Honestly agree with what you said, that indeed we cannot continue to depend on luck alone, there must be action to make changes, it doesn't need to be too significant but you can start slowly and consistently.

Totally agree with what everyone is saying, regardless of whether that success comes from luck or because we inherited it.  but if we don't know how to manage it, no matter how big that asset is, it will one day disappear.

But I want to emphasize one thing, luck is indispensable when it comes to anyone's success.  although sometimes we will see a lot of successful people coming from poor backgrounds, or working hard to achieve success, I believe that without luck, no matter how talented they are, they will not succeed if luck does not come to them.  we must not be lazy and rely only on luck, but we also cannot deny that luck is a part of our success.

Well as I discussed above, that indeed the rules are very important in anything, especially in life, we must be able to make everything run in balance, in financial matters do not let you lean too much on one thing, for example you are more concerned with your ego and your desires by buying all the goods or whatever it is that you want while your income is still not able to support to fulfill all your desires, I'm sure even though you have a lot of money but if you can't manage it well then surely you will always feel that everything you have is not enough and obviously it is greed that is far from gratitude.

In the matter of luck, honestly for this I agree with you, we must be able to distinguish that each condition can provide different luck. Like for example what I discussed above, they are lucky to be rich because they get a lottery and with their luck that indirectly has made it easier for them to achieve their success, I think for this one is the luck that results from their hard work when processing, I conclude this from what you said friend. As we know that hard work will not betray results, and if you never give up and are always patient and consistent then the reciprocal is that you will get some luck that will make it easier for you to go through the process until you finally succeed. I think it's more or less like that, and please correct me if I'm wrong.

[Latviand]

~

If there’s wealth that you were able to built out from a single luck, then expect that it will also vanish all of a sudden just like a thin air. That’s why stable wealth are hard to build and establish. Sometimes, you need more than just one luck, and a sufficient knowledge and skills, and a good amount of patience in order to build your wealth. If you do everything and yet you’re still not lucky, probably you are doing the wrong and ineffective way.

Let me get this straight, you've said that "able to build wealth out of a single luck", build implies that it was successful in a way because you were able to build something and to build meant it's already stable. I don't know about your opinion about luck but I'm not the biggest believer that luck's a defining virtue someone should get when they're trying to build wealth, pretty sure billionaires don't rely on luck. The only luck I would consider is probably getting born in a wealthy family.

~

Even winning in a lottery requires time.  I have never heard someone who just bought his first lottery ticket win.  If there is, it is more likely a fabricated story to make the story more sensationalized.  So these people may have been buying lottery tickets for months or years before they got the winning number combination.

The chance of winning in lottery is random to the point that it's impossible to win and that you're likely to die going to a lottery to buy the tickets than to win the ticket but randomness isn't a line, it's more of a jumbled balls and what you pick first can be the win. Here's an article and here's also the famous story of Bill Morgan to refute your claim that it takes time to win the lottery. The reason you're probably not believing these stories is probably because you're a skeptic and you question everything which is a good thing or you're bitter that they've got an insane beginner's luck and you don't have any.

~

At the same time in a situation where one person bought Bitcoin at a very cheap price.  This took years before Bitcoin started to skyrocket.  In short, there is no such thing as get rich quick, because if it is, the person may probably be scammed.

Well, if you look at it now, they're still lucky that they're able to buy bitcoin at a cheap price and was able to build wealth in it, it might not be lucky to you but that opportunity to buy bitcoin at a dirt cheap not knowing it will change your life someday is luck in my book.

One stroke of luck is a make or break moment for anybody and since we're talking about building wealth, we should avoid to say that there's only one result to this because I am pretty sure that if I search the Internet about people keeping their success after winning something to jumpstart their wealth (most of them that I've checked are lottery winners though), I guarantee you that there's going to be names that going to pop up.

[Russlenat]

That depends though, what if the luck that you're talking about is winning the lottery or being able to buy bitcoin back when it was dirt cheap? That's a different kind of luck. Also it's kind of weird to say that you've disregard someone's trading skill by saying that if they make 10x profit, that means they're lucky, but I guess that depends though and I do agree that if it's not a consistent occurrence then there's something wrong but I'd like to point out that even the greatest trader out there doesn't do good trades everyday.

Even winning in a lottery requires time.  I have never heard someone who just bought his first lottery ticket win.  If there is, it is more likely a fabricated story to make the story more sensationalized.  So these people may have been buying lottery tickets for months or years before they got the winning number combination.

At the same time in a situation where one person bought Bitcoin at a very cheap price.  This took years before Bitcoin started to skyrocket.  In short, there is no such thing as get rich quick, because if it is, the person may probably be scammed.

Whether it’s gambling or bitcoin trading or investing, all requires time, with hard work and dedication. So this get rich quick never really exist, but only for those scammers who are using this as their top line to deceive innocent people. While inexperienced investors or traders continue to believe that bitcoin can be a get rich quick, but in reality bitcoin can be a source of instant losses instead. That is why dealing bitcoin with high caution is always crucial.

[Juse14]

Totally agree with what everyone is saying, regardless of whether that success comes from luck or because we inherited it.  but if we don't know how to manage it, no matter how big that asset is, it will one day disappear.

But I want to emphasize one thing, luck is indispensable when it comes to anyone's success.  although sometimes we will see a lot of successful people coming from poor backgrounds, or working hard to achieve success, I believe that without luck, no matter how talented they are, they will not succeed if luck does not come to them.  we must not be lazy and rely only on luck, but we also cannot deny that luck is a part of our success.

Not everyone has wealth inherited from their parents and I really agree with you that if they cannot manage it well, whatever wealth their parents inherited will certainly run out. Yes, you are right in achieving the goal of becoming rich luck is part of the process of being able to achieve the goals we want without luck, no matter how hard we work, we will not be able to achieve the goal of becoming rich.

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

[abel1337]

Totally agree with what everyone is saying, regardless of whether that success comes from luck or because we inherited it.  but if we don't know how to manage it, no matter how big that asset is, it will one day disappear.

But I want to emphasize one thing, luck is indispensable when it comes to anyone's success.  although sometimes we will see a lot of successful people coming from poor backgrounds, or working hard to achieve success, I believe that without luck, no matter how talented they are, they will not succeed if luck does not come to them.  we must not be lazy and rely only on luck, but we also cannot deny that luck is a part of our success.

Not everyone has wealth inherited from their parents and I really agree with you that if they cannot manage it well, whatever wealth their parents inherited will certainly run out. Yes, you are right in achieving the goal of becoming rich luck is part of the process of being able to achieve the goals we want without luck, no matter how hard we work, we will not be able to achieve the goal of becoming rich.

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

I remember a person that have a poor financial management. I remember that he boast so much after getting his inherited wealth and spending it on luxury, I know that he feels like a billionaire at that time. After a year, I saw him struggling and selling the luxury goods he have which is mostly precious stones at a loss. I don't like that he boast to us after his inheritance but I help him by buying some of his stones, of course for my own profit.

This shows how easy money fly if you don't have a proper financial management, we're co-workers and I'm sure he's not dumb enough but I think he is blinded by the instant richness he has.

We crypto users has the possibility to be stroke by a heavy luck and earn a massive profits instantly but we need to remember to stay humble and don't let the wealth change you or your lifestyle. Learn how to control our self and at least recall how to make the earned wealth last.

[usekevin]

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

[panganib999]

Getting to the top is a mental strain to many too, cause if it's not the paranoia of losing it all, you'll be hit by the imposter syndrome creeping into you questioning if you even deserved what you have right now. In any case I say just do your thing and don't let it distract you from keeping at what you do. Clearly there's something you're doing that's making enough difference to yield you profits, this fact alone is great enough an evidence to prove that you really got what it takes, regardless if it's trading, investing, or whatever you're in in the crypto world for.

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

Bro casually giving out here the worst possible advices lol. Gambling isn't something you should take even if you're looking for an easy-money strat. More often than not even if you're the luckiest bastard on the planet you won't win anything that counts as "substantial" and you'd be kicked out of all the casinos on the place before you even get to your first million. The rest of your statements are true tho, especially with taking things one step at a time. That's true and epic.

[n0ne]

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

Being wealthy overnight is a hard task to be achieved by anyone. Even the luckiest finds it hard, because he/she needs to be lucky enough to win big and the second thing is very important. They should know how to manage the funds, which means whether the wealth is had been achieved through gambling, or some other businesses we should have the proper money management and control. If not the money will be get lost in no time. As said it is a process and we should be prepared enough to move further.

[Ayers]

Totally agree with what everyone is saying, regardless of whether that success comes from luck or because we inherited it.  but if we don't know how to manage it, no matter how big that asset is, it will one day disappear.

But I want to emphasize one thing, luck is indispensable when it comes to anyone's success.  although sometimes we will see a lot of successful people coming from poor backgrounds, or working hard to achieve success, I believe that without luck, no matter how talented they are, they will not succeed if luck does not come to them.  we must not be lazy and rely only on luck, but we also cannot deny that luck is a part of our success.

Not everyone has wealth inherited from their parents and I really agree with you that if they cannot manage it well, whatever wealth their parents inherited will certainly run out. Yes, you are right in achieving the goal of becoming rich luck is part of the process of being able to achieve the goals we want without luck, no matter how hard we work, we will not be able to achieve the goal of becoming rich.

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

Even if you are the only child in the family, you should not expect or think too much about the amount of property you will inherit. Because as Texac also said, if you don't know how to manage, you will spend a lot of money. Furthermore, focusing too much on inheritance will only make us more dependent and lazy, which is not good at all. And what would it be like if our children also had that thought? My family has 2 brothers and I even told my father directly that I did not need him to leave me the real estate, because if he could buy it, I could also buy it. I have no reason to expect or depend on my parents.

Being rich is the dream of all of us, but knowing how to manage finances is what we need because once we know how to manage finances and business well, becoming rich is just a matter of time.

[HONDACD125]

being rich is everyone's dream but it is not easy to build it, it takes hard work and good skills to achieve it, we all go to school to get a good education so we can get a decent income and that also takes quite a long time, which is very important to become someone who is rich is a circle of friends, if you are in the circle of entrepreneurs then you will get a lot of good business plans and a good exchange of information about the business and it doesn't take a moment to achieve it.  as long as you are able to imitate the way rich people work then you will be able to achieve that, but it is far from the opinion that being rich can be achieved in a short time ^{(unless you win the big lottery)}

I don't think you can get rich just by winning the lottery, but most of the billionaires in the world got there through hard work, and you don't have to be very good at education to get rich. Rather you can take the example of Bill Gates who was very weak in terms of education, but later earned a lot of name, wealth and fame through his hard work and ambition.


It is true that there is no short cut way to get rich but one has to take a long journey to reach this destination. Luck also plays a big role in this. Some people also have luck on their side, due to which they easily overcome difficult phases. Some give examples of what he touches turning to gold. I think the best option to get rich is business,If you live in the circle of business people, you will also get knowledge about getting new business ventures and you can learn a lot from them.

There are many processes that must be taken to become rich, but there are some people who become rich because of their parents' inheritance and can manage well what their parents have given them so that they will remain rich, but very few people can do it because they are not able to manage it well good. Yes, you are right that choosing to do business will indeed make us rich, but before starting to do business there are many things we have to prepare carefully so that the business we are going to build doesn't just run for a moment so we experience losses in business.

It is true that some people inherit wealth from their parents, and these are certainly the lucky ones, but the majority are also people who have earned their wealth through hard work. There are many steps to be taken to become rich because no one becomes rich by sitting, rather you have to work hard to become rich. Managing the wealth of your parents is not an easy task, but it also requires experience and hard work,and not everyone knows how to manage the wealth of their parents, so they lose it.

Any business we undertake has risks of loss, but our best choices and our hard work and dedication play an important role in reducing our risk of loss.Any business is not done for a moment or a few days but it is a long term project and we may lose, we should keep in mind,but how to control our loss and how to improve our profit rate is up to us.

[Juse14]

Not everyone has wealth inherited from their parents and I really agree with you that if they cannot manage it well, whatever wealth their parents inherited will certainly run out. Yes, you are right in achieving the goal of becoming rich luck is part of the process of being able to achieve the goals we want without luck, no matter how hard we work, we will not be able to achieve the goal of becoming rich.

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

We crypto users has the possibility to be stroke by a heavy luck and earn a massive profits instantly but we need to remember to stay humble and don't let the wealth change you or your lifestyle. Learn how to control our self and at least recall how to make the earned wealth last.

agree with that and indeed when we are involved in the world of crypto, you have the opportunity to gain wealth. However, this is not as easy as turning the palm of your hand. Of course, to be able to observe and gain profits in the crypto world, this requires quite a long time because we have to really be able to create these opportunities and continue to improve our knowledge and skills to be able to gain profits in the crypto. "There is nothing instant in this  and to get an opportunity, maximum effort must be made."

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.

I don't know whether you are stupid or not smart, how could you possibly suggest that I gamble to be able to build wealth in one day, even though as we know, gambling is full of uncertainty and relies almost entirely on luck. If you suggest this, I want to ask whether you are now someone who is rich from the one day of gambling you did...?

Even if you are the only child in the family, you should not expect or think too much about the amount of property you will inherit. Because as Texac also said, if you don't know how to manage, you will spend a lot of money. Furthermore, focusing too much on inheritance will only make us more dependent and lazy, which is not good at all. And what would it be like if our children also had that thought? My family has 2 brothers and I even told my father directly that I did not need him to leave me the real estate, because if he could buy it, I could also buy it. I have no reason to expect or depend on my parents.

When you are an only child and even more so a son, talking about inheritance is not only about personal hopes, but it is a big demand and hope of the family for their only child so that they can inherit the business that was started and run. And it is true that before we inherit this, it is legally obligatory for us to learn first about financial management, financial and corporate governance.

[puloweh555]

Not everyone has wealth inherited from their parents and I really agree with you that if they cannot manage it well, whatever wealth their parents inherited will certainly run out. Yes, you are right in achieving the goal of becoming rich luck is part of the process of being able to achieve the goals we want without luck, no matter how hard we work, we will not be able to achieve the goal of becoming rich.

The goal of becoming rich is the core point of every process carried out by everyone, because those who inherited wealth from their own parents will not know how bitter it is to struggle from the bottom to become rich. And such people will never feel how to start the process little by little which can ultimately become rich, even though it must be accompanied by a level of luck.

Meanwhile, those who have been poor and worked hard from the bottom to become rich are very extraordinary people because such people will always appreciate every process that they themselves went through before they became rich in life. That is why everyone's struggles are not always the same and will continue to differ from one person to another because some people only continue the struggles of their parents and don't feel how to struggle from zero to become truly rich.

That's true, usually the average child of rich people lives a lot of relaxing, especially if he's still young, his hobby is definitely going on a spree. This is all because they do not think about economic hardship in the same way as poor people who have goals. So it is not certain that the children of rich people in the future will be able to continue the business/success like their parents if their parents have died. Due to lack of knowledge due to not wanting to try to learn and mostly relaxing, and finally falling into poverty.

This is very different from children of poor people who have a clear goal to change their economic conditions, so their struggle and mentality is even harder because their family's self-esteem is at stake in the future. So it's like burning a ship so that you don't return to the previous place, namely poverty.

[Kasabus]

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

Even gambling cannot make you instantly rich just by a single attempt. You're bound to achieve multiple losses at first before you will hit the jackpot prize that will create a big break in your life. But mostly, gambling cannot guarantee you to become wealthy but  will certainly make you homeless in the end. The best approach is still have your own stable job and make it more productive and valuable. Surely it will offer you life changing results at the end of the day.

[Out of mind]

As you said, if $50 can be invested, there will never be much profit. It is not possible if a person invests with $50 dollars to earn his money and never expect a tenfold return. If a person wants to invest a good amount of money then he must increase the amount of money, and instead of investing in real estate with his savings, he should invest in bitcoins. If you have a special interest in investing, and you don't have enough money, increase your earnings and learn to save money from there to invest later it will be profitable. Investing is the best way for an individual to make money and what investments to hold.

[martinex]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

I think whatever our discourse in terms of investment, one thing that needs to be instilled is to persevere and don't give up quickly when you are on a journey where there is a period of lowest point in running a business. Because anyone is able to build a business in the beginning, but we rarely find it to be big and only those who have the mentality of entrepreneurs or traders are able because they know how it feels when a business ends in vain. Yes, in the world of trading there are also many examples that we can see and use as samples.

[JunaidAzizi]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

Can you elaborate more on how a person will be successful on a trading of capital of $50? This is a very low amount for trading if a person does not make a profit on $50 then it does not mean that he is not a successful person and you can't advise him to leave trading he would be successful if he trades a large amount. When your amount is high the profit will also increase. You can say that investment is directly proportional to the profits if you increase the amount the better will be the results in the sense of profits.

[Dickiy]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

I think whatever our discourse in terms of investment, one thing that needs to be instilled is to persevere and don't give up quickly when you are on a journey where there is a period of lowest point in running a business. Because anyone is able to build a business in the beginning, but we rarely find it to be big and only those who have the mentality of entrepreneurs or traders are able because they know how it feels when a business ends in vain. Yes, in the world of trading there are also many examples that we can see and use as samples.

Yes I agree to this, I see a lot of them who build a discourse that even looks and sounds like very serious but they do it only a few times and maybe not supported by deep knowledge because they are lazy to learn, then I think it's just a waste of time and maybe the maximum profit they will not get. And yes that's absolutely right buddy, in investment matters of course it requires perseverance in any case such as maybe learning a lot from several references and also never give up, that's very appropriate.
I understand you come to get big and consistent results like other people who are already successful, but I say it won't be that easy, everything goes will not always be in accordance with your wishes and expectations because whatever field you live in, especially those with great profit potential such as investment, there will definitely be a big risk behind it too,in physical business it is also the same.

Yes I think they only build good plans, they only talk, and on average may not be able to withstand all the tests that come, it's true that the soul of a fighter and leader is needed here because their mentality will be very tested, and to have such a strong mentality they must continue to learn, train themselves and not run away from the problems that come. So they must prepare everything before the test comes

[Marvell1]

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

Even gambling cannot make you instantly rich just by a single attempt. You're bound to achieve multiple losses at first before you will hit the jackpot prize that will create a big break in your life. But mostly, gambling cannot guarantee you to become wealthy but  will certainly make you homeless in the end. The best approach is still have your own stable job and make it more productive and valuable. Surely it will offer you life changing results at the end of the day.

I have seen a lot of people become homeless when they thought that gambling can make them rich but I have not seen anyone who can become rich through gambling.

To be successful and become rich, honestly, other than working hard, I don't see any second path that can lead us to wealth. About lucky, I don't deny that any rich person will have more luck than the poor but their wealth not only comes from luck but they also try their best, and work tirelessly to become rich. Success is a combination of luck and hard work, so we can't just rely on luck and do nothing and expect to be successful like others. There is no success without trade-offs.

[Mame89]

I think whatever our discourse in terms of investment, one thing that needs to be instilled is to persevere and don't give up quickly when you are on a journey where there is a period of lowest point in running a business. Because anyone is able to build a business in the beginning, but we rarely find it to be big and only those who have the mentality of entrepreneurs or traders are able because they know how it feels when a business ends in vain. Yes, in the world of trading there are also many examples that we can see and use as samples.

That's right, everything we want to do requires perseverance and don't give up, this is the same as a rich person from his own efforts, even if he falls to 0 again, he can definitely run and get up. It's different from someone who gets 1 million in the lottery and is confused about what to do with the money. The end result was a spree, in the end we cried hysterically because the money had run out because it couldn't be managed properly.

It all depends on your mindset, you have to learn to be disciplined, persistent and work hard. These three words we must embed in our minds. And it is very true that all successful people are like that, whether in business or investment or trading, the most important thing in my opinion is the "why" factor. Why we have to be successful, the stronger the reason, the more we are willing to be disciplined, persistent and work hard.

[xSkylarx]

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

Even gambling cannot make you instantly rich just by a single attempt. You're bound to achieve multiple losses at first before you will hit the jackpot prize that will create a big break in your life. But mostly, gambling cannot guarantee you to become wealthy but  will certainly make you homeless in the end. The best approach is still have your own stable job and make it more productive and valuable. Surely it will offer you life changing results at the end of the day.

I have seen a lot of people become homeless when they thought that gambling can make them rich but I have not seen anyone who can become rich through gambling.

To be successful and become rich, honestly, other than working hard, I don't see any second path that can lead us to wealth. About lucky, I don't deny that any rich person will have more luck than the poor but their wealth not only comes from luck but they also try their best, and work tirelessly to become rich. Success is a combination of luck and hard work, so we can't just rely on luck and do nothing and expect to be successful like others. There is no success without trade-offs.

They have also taken the risk no matter how lucky or hardworking you are. If you don't grab the opportunity you won't be going anywhere. There are really a lot of factors in getting rich as they are connected in all aspects and if one doesn't work then you won't be successful. Those people who got rich just found out the golden formula and at the same time luck struck them.

Ive seen a lot of start-up businesses right now getting failed but because they are perseverant and still hardworking they still continue building businesses which is now getting better and they say that they are attracting more customers as they got lucky to have partners to boost their market.

[Juse14]

I have seen a lot of people become homeless when they thought that gambling can make them rich but I have not seen anyone who can become rich through gambling.

To be successful and become rich, honestly, other than working hard, I don't see any second path that can lead us to wealth. About lucky, I don't deny that any rich person will have more luck than the poor but their wealth not only comes from luck but they also try their best, and work tirelessly to become rich. Success is a combination of luck and hard work, so we can't just rely on luck and do nothing and expect to be successful like others. There is no success without trade-offs.

It's not just hard work that we need to do to achieve success in order to have financial freedom. However, we also have to be able to work smart. And I don't agree with you that success is a combination of luck and hard work. Because I saw several people who had good luck in gambling or anything that could make someone suddenly rich. However, because a person is not smart enough in managing his finances, in the end it doesn't take long for him to fall into poverty again. This proves that he is not a successful person even though he was once a very rich person, because if someone has achieved success, not only is he financially strong, but he is also able to maintain and increase his wealth.

[Quidat]

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

Even gambling cannot make you instantly rich just by a single attempt. You're bound to achieve multiple losses at first before you will hit the jackpot prize that will create a big break in your life. But mostly, gambling cannot guarantee you to become wealthy but  will certainly make you homeless in the end. The best approach is still have your own stable job and make it more productive and valuable. Surely it will offer you life changing results at the end of the day.

I have seen a lot of people become homeless when they thought that gambling can make them rich but I have not seen anyone who can become rich through gambling.

To be successful and become rich, honestly, other than working hard, I don't see any second path that can lead us to wealth. About lucky, I don't deny that any rich person will have more luck than the poor but their wealth not only comes from luck but they also try their best, and work tirelessly to become rich. Success is a combination of luck and hard work, so we can't just rely on luck and do nothing and expect to be successful like others. There is no success without trade-offs.

They have also taken the risk no matter how lucky or hardworking you are. If you don't grab the opportunity you won't be going anywhere. There are really a lot of factors in getting rich as they are connected in all aspects and if one doesn't work then you won't be successful. Those people who got rich just found out the golden formula and at the same time luck struck them.

Ive seen a lot of start-up businesses right now getting failed but because they are perseverant and still hardworking they still continue building businesses which is now getting better and they say that they are attracting more customers as they got lucky to have partners to boost their market.

You wont progress if you wont really take such step and this is why it is really that needed that you would really be taking up the risks for you to progress because if you dont then you wont really be moving forward. Success isnt something that you could attain or achieved on doing nothing on which you would really be needing to work hard and smart on whatever things that you are dealing with.
Its not ideal on making yourself deal up or waiting for that one time luck like hitting some lotteries or simply relying with gambling because its not something that sensible on doing so.
Building wealth does takes time and lots of effort on which it would really be just that normal because success isnt something that could be achieved so easily unless if you do have that a rich
family and having that richness which would be passed up into your as their son/daughter which it is really that an exemption when it comes to inheritance.

[BigBos]

As you said, if $50 can be invested, there will never be much profit. It is not possible if a person invests with $50 dollars to earn his money and never expect a tenfold return. If a person wants to invest a good amount of money then he must increase the amount of money, and instead of investing in real estate with his savings, he should invest in bitcoins. If you have a special interest in investing, and you don't have enough money, increase your earnings and learn to save money from there to invest later it will be profitable. Investing is the best way for an individual to make money and what investments to hold.

Because in investment it is impossible to increase many times the capital we have (even if it is still possible but difficult) on the other hand, the fact is that in this case we must realize that investment is not just to make investments and abandon them so that they can get a large profit. There are some strategies such as DCA that do make periodic purchases because in the end, investment must also see that the amount of capital we put in as a form of investment, it must be possible to get more profit because the benchmark is that in investing the profit we get depends on how much capital we prepare.
When the capital is small, don't expect profits to exceed the capital because even though something like that can happen, it is unlikely to happen.

[BitcoinTurk]

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

Certainly, the only way to become rich in a single day is gambling but this possibility is very low due to the risk and if it continues with greed it can cause addiction. In order to become rich with a business, determination, effort and hard work are the most important factors. It is possible to achieve great success with a good road map and disciplined management of a business and this takes time.

On the other hand, always being hungry for success and working determinedly is a very important combination for a business to succeed. As you achieve success, aiming for better and more, progressing step by step in this direction will undoubtedly lead to success after a while.

[Jatiluhung]

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

Certainly, the only way to become rich in a single day is gambling but this possibility is very low due to the risk and if it continues with greed it can cause addiction. In order to become rich with a business, determination, effort and hard work are the most important factors. It is possible to achieve great success with a good road map and disciplined management of a business and this takes time.

On the other hand, always being hungry for success and working determinedly is a very important combination for a business to succeed. As you achieve success, aiming for better and more, progressing step by step in this direction will undoubtedly lead to success after a while.

So true. And in essence we have to enjoy the process and continue to work hard consistently. Collect capital then build a business or invest smartly. And in the process we are going through, we must always maintain our motivation so that it does not weaken and we remain consistent in continuing to work and produce tirelessly. Because sometimes people give up in the process. Because actually, on the journey to success, nothing can be achieved instantly. Everything always takes time and is quite a long process. And sometimes luck is also needed in the process of achieving success. Patience also plays an important role in going through this process.

[carlfebz2]

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

Certainly, the only way to become rich in a single day is gambling but this possibility is very low due to the risk and if it continues with greed it can cause addiction. In order to become rich with a business, determination, effort and hard work are the most important factors. It is possible to achieve great success with a good road map and disciplined management of a business and this takes time.

On the other hand, always being hungry for success and working determinedly is a very important combination for a business to succeed. As you achieve success, aiming for better and more, progressing step by step in this direction will undoubtedly lead to success after a while.

So true. And in essence we have to enjoy the process and continue to work hard consistently. Collect capital then build a business or invest smartly. And in the process we are going through, we must always maintain our motivation so that it does not weaken and we remain consistent in continuing to work and produce tirelessly. Because sometimes people give up in the process. Because actually, on the journey to success, nothing can be achieved instantly. Everything always takes time and is quite a long process. And sometimes luck is also needed in the process of achieving success. Patience also plays an important role in going through this process.

Set goals and having targets would really be something that needs to push because these things would really be inspiring you to work even more harder on which you do have some inspiration on achieving success.

Although it wont really be a guarantee that you would be able to achieve it but at least you are really doing those necessary steps on attaining it but dont make yourself that being that too optimistic about assurances that it would happen. There are factors which would really be affecting someones success and of course it wont really be an easy road for someone who do really tending to achieve those goals.
Building wealth does takes time and lots of effort and it isnt really just that something that could really be happening in 1 day or a month but rather it would really be in years.

Some people are really just that too impatient and thirsty for success and this is why they do really ends up on committing lots of mistakes and errors due into that kind of behavior which its never been that recommendable in the first place. This is why it would really be that important on having that realistic goals and realistic approach on things because if you are really drawing out some
line which is already that too high then it would really be that so hard for you to achieve. Take it slowly!

[cafter]

Op is talking about building wealth is not like investing like playing a gamble, we need to understand in what we are investing we need to learn in the process of building wealth.
Op taken a example of trading with $50, means if you are unable to make a profit from $50 then how would you make a profit with $10000, so don't give excuse of not having enough money.
Learn, know in what thing you are investing in, it is also similar to gambling if some guru told you real estate is safe and profitable investment and you invested blindly just hearing the guru, that is a gamble not investing.

[taufik123]

-snip-
Op taken a example of trading with $50, means if you are unable to make a profit from $50 then how would you make a profit with $10000, so don't give excuse of not having enough money.
Learn, know in what thing you are investing in, it is also similar to gambling if some guru told you real estate is safe and profitable investment and you invested blindly just hearing the guru, that is a gamble not investing.

Ordinary people only see how those who are successful make money, not what they did and learned to get that wealth.

$50 may be quite a small amount of money to use as a starting capital for trading.
But with $50 can grow if you trade correctly and know how to predict the market.

Getting 10% profit alone is already quite large and will get more and more if done consistently.
Especially if you use thousands of dollars of capital.

It is certainly not about how much capital is used, but about how to trade correctly with qualified trading knowledge.
No matter how much the capital is if you don't have trading knowledge, it will only give you a loss in the end.

[Questat]

I think whatever our discourse in terms of investment, one thing that needs to be instilled is to persevere and don't give up quickly when you are on a journey where there is a period of lowest point in running a business. Because anyone is able to build a business in the beginning, but we rarely find it to be big and only those who have the mentality of entrepreneurs or traders are able because they know how it feels when a business ends in vain. Yes, in the world of trading there are also many examples that we can see and use as samples.

That's right, everything we want to do requires perseverance and don't give up, this is the same as a rich person from his own efforts, even if he falls to 0 again, he can definitely run and get up. It's different from someone who gets 1 million in the lottery and is confused about what to do with the money. The end result was a spree, in the end we cried hysterically because the money had run out because it couldn't be managed properly.

It all depends on your mindset, you have to learn to be disciplined, persistent and work hard. These three words we must embed in our minds. And it is very true that all successful people are like that, whether in business or investment or trading, the most important thing in my opinion is the "why" factor. Why we have to be successful, the stronger the reason, the more we are willing to be disciplined, persistent and work hard.

Yes, that lies in how we think of ourselves in the future and what are the things we have to achieve. But of course, it was not just a plan, it needed to work it hard as well. Many people fail in making their business because of the lack of courage and motivating ideas. If we want to grow and improve our living, we must also show the courage we have and will take every opportunity that we see. We can't put our future in luck, this is a big mistake that most people think about gambling and instead of leading in the right direction, we are going the wrong way.

[Marvell1]

I have seen a lot of people become homeless when they thought that gambling can make them rich but I have not seen anyone who can become rich through gambling.

To be successful and become rich, honestly, other than working hard, I don't see any second path that can lead us to wealth. About lucky, I don't deny that any rich person will have more luck than the poor but their wealth not only comes from luck but they also try their best, and work tirelessly to become rich. Success is a combination of luck and hard work, so we can't just rely on luck and do nothing and expect to be successful like others. There is no success without trade-offs.

It's not just hard work that we need to do to achieve success in order to have financial freedom. However, we also have to be able to work smart. And I don't agree with you that success is a combination of luck and hard work. Because I saw several people who had good luck in gambling or anything that could make someone suddenly rich. However, because a person is not smart enough in managing his finances, in the end it doesn't take long for him to fall into poverty again. This proves that he is not a successful person even though he was once a very rich person, because if someone has achieved success, not only is he financially strong, but he is also able to maintain and increase his wealth.

People who suddenly became rich through luck, how many people have you met and what is the ratio? Will there be one lucky person in 1 million people or only one lucky person in 10 million people? It's not just a small number, it's extremely rare so I don't want to mention it and as you also said. They suddenly become rich and don't know how to manage their finances and that wealth disappears quickly, so I don't consider them truly rich. Do you want to be someone who has always been rich or just someone who used to be rich?

[slapper]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

I think whatever our discourse in terms of investment, one thing that needs to be instilled is to persevere and don't give up quickly when you are on a journey where there is a period of lowest point in running a business. Because anyone is able to build a business in the beginning, but we rarely find it to be big and only those who have the mentality of entrepreneurs or traders are able because they know how it feels when a business ends in vain. Yes, in the world of trading there are also many examples that we can see and use as samples.

Yes I agree to this, I see a lot of them who build a discourse that even looks and sounds like very serious but they do it only a few times and maybe not supported by deep knowledge because they are lazy to learn, then I think it's just a waste of time and maybe the maximum profit they will not get. And yes that's absolutely right buddy, in investment matters of course it requires perseverance in any case such as maybe learning a lot from several references and also never give up, that's very appropriate.
I understand you come to get big and consistent results like other people who are already successful, but I say it won't be that easy, everything goes will not always be in accordance with your wishes and expectations because whatever field you live in, especially those with great profit potential such as investment, there will definitely be a big risk behind it too,in physical business it is also the same.

Yes I think they only build good plans, they only talk, and on average may not be able to withstand all the tests that come, it's true that the soul of a fighter and leader is needed here because their mentality will be very tested, and to have such a strong mentality they must continue to learn, train themselves and not run away from the problems that come. So they must prepare everything before the test comes

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

I think whatever our discourse in terms of investment, one thing that needs to be instilled is to persevere and don't give up quickly when you are on a journey where there is a period of lowest point in running a business. Because anyone is able to build a business in the beginning, but we rarely find it to be big and only those who have the mentality of entrepreneurs or traders are able because they know how it feels when a business ends in vain. Yes, in the world of trading there are also many examples that we can see and use as samples.

Yes I agree to this, I see a lot of them who build a discourse that even looks and sounds like very serious but they do it only a few times and maybe not supported by deep knowledge because they are lazy to learn, then I think it's just a waste of time and maybe the maximum profit they will not get. And yes that's absolutely right buddy, in investment matters of course it requires perseverance in any case such as maybe learning a lot from several references and also never give up, that's very appropriate.
I understand you come to get big and consistent results like other people who are already successful, but I say it won't be that easy, everything goes will not always be in accordance with your wishes and expectations because whatever field you live in, especially those with great profit potential such as investment, there will definitely be a big risk behind it too,in physical business it is also the same.

Yes I think they only build good plans, they only talk, and on average may not be able to withstand all the tests that come, it's true that the soul of a fighter and leader is needed here because their mentality will be very tested, and to have such a strong mentality they must continue to learn, train themselves and not run away from the problems that come. So they must prepare everything before the test comes

Precisely! Today's world is overflowing with information. Folks take a piece of information, magnify it, and pretend to be experts. The contemporary economy is unforgiving; it separates the pretenders from the contenders. Walking the walk is more important for success than talking the talk. When you said that conversation is pointless without underlying information, you are right

Moreover, the idea of "easy money" is a dangerous illusion. Like any serious business, investing requires perseverance and dedication. Experienced investors read new books, research papers, and analysis all the time for a reason: they are aware of the complexities and volatility of financial markets

Essentially, the economic world will overshadow you if you're not prepared to take on issues head-on and to continuously upgrade your knowledge and skills. Keep in mind that investing is only appropriate for the tenacious and unwavering

[Juse14]

I have seen a lot of people become homeless when they thought that gambling can make them rich but I have not seen anyone who can become rich through gambling.

To be successful and become rich, honestly, other than working hard, I don't see any second path that can lead us to wealth. About lucky, I don't deny that any rich person will have more luck than the poor but their wealth not only comes from luck but they also try their best, and work tirelessly to become rich. Success is a combination of luck and hard work, so we can't just rely on luck and do nothing and expect to be successful like others. There is no success without trade-offs.

It's not just hard work that we need to do to achieve success in order to have financial freedom. However, we also have to be able to work smart. And I don't agree with you that success is a combination of luck and hard work. Because I saw several people who had good luck in gambling or anything that could make someone suddenly rich. However, because a person is not smart enough in managing his finances, in the end it doesn't take long for him to fall into poverty again. This proves that he is not a successful person even though he was once a very rich person, because if someone has achieved success, not only is he financially strong, but he is also able to maintain and increase his wealth.

People who suddenly became rich through luck, how many people have you met and what is the ratio? Will there be one lucky person in 1 million people or only one lucky person in 10 million people? It's not just a small number, it's extremely rare so I don't want to mention it and as you also said. They suddenly become rich and don't know how to manage their finances and that wealth disappears quickly, so I don't consider them truly rich. Do you want to be someone who has always been rich or just someone who used to be rich?

Of course, I want to be a rich person, who is able to manage my finances and business so that I can maintain that wealth. Of course, in this mortal world, nothing is eternal, but we as humans who think that nothing is impossible can maintain what we have.

And I have a few more stories about people who were lucky enough to become billionaires, but they were unable to maintain their wealth because they were unable to manage the wealth they had, until in the end they fell back into poverty. And this incident did not just happen to one person but to one village, where the residents in that village received compensation money from the government because in that village a national strategic project would be built in the form of building an oil refinery. So that overall the residents there received compensation of up to billions of rupiah.

https://surabaya.kompas.com/read/2022/01/25/051000378/dulu-kaya-raya-kini-warga-kampung-miliarder-di-tuban-mengaku-menyesal-jual?page=all

[Dickiy]

Yes I agree to this, I see a lot of them who build a discourse that even looks and sounds like very serious but they do it only a few times and maybe not supported by deep knowledge because they are lazy to learn, then I think it's just a waste of time and maybe the maximum profit they will not get. And yes that's absolutely right buddy, in investment matters of course it requires perseverance in any case such as maybe learning a lot from several references and also never give up, that's very appropriate.
I understand you come to get big and consistent results like other people who are already successful, but I say it won't be that easy, everything goes will not always be in accordance with your wishes and expectations because whatever field you live in, especially those with great profit potential such as investment, there will definitely be a big risk behind it too,in physical business it is also the same.

Yes I think they only build good plans, they only talk, and on average may not be able to withstand all the tests that come, it's true that the soul of a fighter and leader is needed here because their mentality will be very tested, and to have such a strong mentality they must continue to learn, train themselves and not run away from the problems that come. So they must prepare everything before the test comes

Precisely! Today's world is overflowing with information. Folks take a piece of information, magnify it, and pretend to be experts. The contemporary economy is unforgiving; it separates the pretenders from the contenders. Walking the walk is more important for success than talking the talk. When you said that conversation is pointless without underlying information, you are right

Moreover, the idea of "easy money" is a dangerous illusion. Like any serious business, investing requires perseverance and dedication. Experienced investors read new books, research papers, and analysis all the time for a reason: they are aware of the complexities and volatility of financial markets

Essentially, the economic world will overshadow you if you're not prepared to take on issues head-on and to continuously upgrade your knowledge and skills. Keep in mind that investing is only appropriate for the tenacious and unwavering

Yes that's right buddy, and indeed in reality even though they are very inspired by various successes but basically as we know that "talking is easier than doing", and that's what always happens and what they always do, even though yes there is a lot of information circulating today and it should be used as one of the foundations to start running whatever they think is best and of course that can make them more developed.

Talking about the review of "easy money" maybe it's just for an unhealthy mindset, honestly I remember some statements from gambling addicts who say money is easy, by just gambling they will be able to get the money without the sweat that comes out of hard work, and yes obviously it is very dangerous because if you think that money is very easy to find then maybe you will legalize all means to get it. And yes again that is exactly right, that investment really requires strong perseverance and the following sacrifices in it, you want big profits? then you also have to dare to sacrifice something like maybe time to learn things, because only that will make you continue to grow to get more consistent and large profits.
I think it's quite simple, I believe that if you are a diligent person and always willing to learn about new things and as I said above it will be your knowledge base to continue to grow, and also indirectly you will also have the knowledge to survive in various conditions.

[BitcoinTurk]

Totally agree with what everyone is saying, regardless of whether that success comes from luck or because we inherited it.  but if we don't know how to manage it, no matter how big that asset is, it will one day disappear.

But I want to emphasize one thing, luck is indispensable when it comes to anyone's success.  although sometimes we will see a lot of successful people coming from poor backgrounds, or working hard to achieve success, I believe that without luck, no matter how talented they are, they will not succeed if luck does not come to them.  we must not be lazy and rely only on luck, but we also cannot deny that luck is a part of our success.

Success never comes entirely from luck. Of course, luck is a factor in success but it isn't the sole power of success. Success is achieved with a little luck, hard work, discipline and proper management of the entire procedure. Inheritance isn't enough on its own to achieve complete success but it is a very big factor. Inheritance helps you to overcome many obstacles on your path to success more easily because a strong capital is one of the basic building blocks of your path to success.

In my opinion as I have stated, luck is a small factor that contributes to success and should definitely be present at least a little on the path to success. But in no way can complete success be achieved.

[2double0]

What matters is the timing, because your luck will not support you forever and when the time changes, your 100x can become less than 1x which will take away your wealth and throw it in the bag of some other big or small investors because you only win when they lose, but when they manipulate the market, they take away everything they gave you through the opportunity you grabbed but due to your greed, you give it back to them. So, when people get bored from crypto (if I speak about it only), that is the best time to accumulate it because it will, for sure, pump in the near future and will surprise all the investors who got bored and sold at loss.

[terrific]

Op is talking about building wealth is not like investing like playing a gamble, we need to understand in what we are investing we need to learn in the process of building wealth.
Op taken a example of trading with $50, means if you are unable to make a profit from $50 then how would you make a profit with $10000, so don't give excuse of not having enough money.
Learn, know in what thing you are investing in, it is also similar to gambling if some guru told you real estate is safe and profitable investment and you invested blindly just hearing the guru, that is a gamble not investing.

That's the misconception of many investors. They're just doing whatever the heck is being told to them to do even if they don't know what it is.
The reason for one to invest is to understand what he is investing and what he's up to.
When he's too reliant to the opinion of other people and it is his money that's being spent on it, there's the problem already. It shouldn't be like that as it's your money that's being put at risk and it's like you're allowing people to gamble your money.

[Japinat]

Totally agree with what everyone is saying, regardless of whether that success comes from luck or because we inherited it.  but if we don't know how to manage it, no matter how big that asset is, it will one day disappear.

But I want to emphasize one thing, luck is indispensable when it comes to anyone's success.  although sometimes we will see a lot of successful people coming from poor backgrounds, or working hard to achieve success, I believe that without luck, no matter how talented they are, they will not succeed if luck does not come to them.  we must not be lazy and rely only on luck, but we also cannot deny that luck is a part of our success.

The problem is that these two things will be inversely proportional in terms of the process and the achievements received.
Not everyone is born rich and many people don't get anything to inherit from their parents because of previous factors that also have the same life strata.
On the other hand, we also actually have to believe that being born from a rich person and being born from a poor person, the start will definitely be different. When someone is born to a rich person then they will have a much greater privilege and easier to be successful in the future. Apart from the existing capital, they will also be educated much better than when we live in a low economic strata.
It does not mean that poor people cannot become rich, but even when we have a different start we have a strong desire and can have great achievements, the results will still not be equalised in my opinion and it is precisely with this great achievement that makes the degree different.

There will always be distinction no matter what, and we can't do nothing to change that. Rich will always have more advantages and opportunities than poor ones. That's why building wealth for them is easier and more accessible. Unlike these poor people who have been struggling the whole time, no matter how lucky they are, it will be harder for them to achieve wealth even if they are also intelligent and well skilled.

[emulsifryer]

You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.

It is important to search a lot of information before investing which you need to understand and keep in mind were invest what you can afford to lose. I agree with you that it's better to focus on increasing first your monthly income aside from that is you have to divide your earnings which is you need to separate first your base or your savings, and it's up to you if you will re-invest half of your money, but you have to consider the risk that it may not all be a good outcome for you.

[SmartCharpa]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

You need to know everything about the topic you deal with specially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

I would not refer to a trader or someone who owns estate as a gambler because their success is not the same. Those who invest their money will have much assurance that they will not lose money, and the same is true for estate owners because there is no way to lose money but slowly and steadily profit must be made. However, a real gambler won't have 100% assurance that they will win; instead, they will either lose and win by luck. However, I'm confident that if I did such a thing, I would never even try a gamble in my life. No matter how long it takes you to make a profit in bitcoin, we can't say that they are similar gamble is a big risk. Those gamblers also claim that rather than using the money to invest in bitcoin, they would rather use it to gamble based on what we have faith in.

[AicecreaME]

Building wealth doesn't have any fixed amount of capital for you to figure out you could survive in the long term. I've witnessed too many events where people started their business here in our country only using $1 and they made a lot of money in the long term because of discipline, and right money management.

No matter how big your capital is, there's no way you could assure yourself that you're going to have a pretty decent wealth in the long run, it would entirely depends on how good you are. I don't believe in luck, because we make anything impossible to possible through hardworks.

[xSkylarx]

You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.

It is important to search a lot of information before investing which you need to understand and keep in mind were invest what you can afford to lose. I agree with you that it's better to focus on increasing first your monthly income aside from that is you have to divide your earnings which is you need to separate first your base or your savings, and it's up to you if you will re-invest half of your money, but you have to consider the risk that it may not all be a good outcome for you.

Another strategy is that they take out a loan and pay it on an installment basis because no matter what they do it will cost them time if they find a second job meaning if you plan to invest you have less time for your investment so others take the risk of having a loan but it is not recommended because we know that if ever it is not a success you are still paying that loan but at least you have tried and are still able to pay the loan.

It is better to save first and accumulate capital no matter how big or small your income is because that is where your capital starts and you won't be taking out a loan. But always keep in mind that you should always risk what you can afford to lose stay out of your comfort zone and always learn about your investments.

[Obari]

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

2023 has already taught me more than enough and it will be one of my most memorable year but in good terms and also otherwise because I must confess that I've truly learnt more than enough for the year and I'm grateful.
Well people already have wrong concept of savings and investment and I've always known that the major purpose of savings is to have something to fall back to, in case of emergency but now people make saving a competition and most times people save and even refuse to touch or temper with it even in times of difficulties and end up messing and ruining everything for themselves.

People should always have a proper knowledge of investment and savings and not feel oppressed when they don't have any especially after doing their best.

[inthelongrun]

You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.

It is important to search a lot of information before investing which you need to understand and keep in mind were invest what you can afford to lose. I agree with you that it's better to focus on increasing first your monthly income aside from that is you have to divide your earnings which is you need to separate first your base or your savings, and it's up to you if you will re-invest half of your money, but you have to consider the risk that it may not all be a good outcome for you.

Another strategy is that they take out a loan and pay it on an installment basis because no matter what they do it will cost them time if they find a second job meaning if you plan to invest you have less time for your investment so others take the risk of having a loan but it is not recommended because we know that if ever it is not a success you are still paying that loan but at least you have tried and are still able to pay the loan.

It is better to save first and accumulate capital no matter how big or small your income is because that is where your capital starts and you won't be taking out a loan. But always keep in mind that you should always risk what you can afford to lose stay out of your comfort zone and always learn about your investments.

Taking a loan to buy real estate probably works on a long-term basis because they're expensive and their value is constantly increasing although slowly. However, taking a loan in order to invest in a very volatile asset like crypto will be too risky. I actually thought about it in the last few months but my calculations aren't showing something positive.   

The best way is really to save first and accumulate capital. Looking for another source of income can make it faster. And the fastest way to grow money is to start a business. Whether big or small, starting a business of our own expertise has huge potential. The profit can then be used to invest in risky or slow-moving but more secure assets.

[cafter]

Building wealth doesn't have any fixed amount of capital for you to figure out you could survive in the long term. I've witnessed too many events where people started their business here in our country only using $1 and they made a lot of money in the long term because of discipline, and right money management.

For a millionaire, if have $50k free sitting in their bank he will think (Oh! its very low amount to start a good business.) because he is a millionaire his mind says $50k is less amount to be work on..
for a small businessman who accumulated $50k by saving, he will think (yes! I accumulated around $50k, now I can start a business to convert it into millions) in last a person who works hard and smart for their business will achieve success in that business.
may the small businessman becomes more wealthy then the discussed millionaire because he worked hard on it because that $50k was saved by him day by day by cutting his luxury,
and if that millionaire had started a business with 50k, may he will fail at that because his thinking was: $50k is very small amount and he may had not given his full attention to it.

[Sayeds56]

Building wealth is always a long run, doesn't matter what industry you are in, not only crypto, in any business. The only way to be wealthy in a quicktime is by over-exploiting, and violating ethics. Many people could became rich, but only small amount of those rich people could become wealthy, a one-time luck could get you 50 Million, but keep those money and use it to build wealth is something that required a lot more than luck.

You have made very insightful points regarding time and effort required to build sustainable wealth. While there may be instances where a lucky person experiencing a significant windfall, such as winning the lottery, such occurrences are extremely rare, happening to the tiny fraction of the population. For majority of the people, achieving lasting financial security requires a patient and unwavering dedication to long term planning and effort.

[dothebeats]

Building wealth is always a long run, doesn't matter what industry you are in, not only crypto, in any business. The only way to be wealthy in a quicktime is by over-exploiting, and violating ethics. Many people could became rich, but only small amount of those rich people could become wealthy, a one-time luck could get you 50 Million, but keep those money and use it to build wealth is something that required a lot more than luck.

You have made very insightful points regarding time and effort required to build sustainable wealth. While there may be instances where a lucky person experiencing a significant windfall, such as winning the lottery, such occurrences are extremely rare, happening to the tiny fraction of the population. For majority of the people, achieving lasting financial security requires a patient and unwavering dedication to long term planning and effort.

I agree with you. Although it is very ideal that we can all be lucky and suddenly be millionaires it is just so impossible and very unrealistic. Hence, instead of just daydreaming about such unrealistic things happening it is better to act and do something that will help us get at least the goal we've been aiming for. There are just people who are more fortunate than others even in terms of luck, like winning the lottery, hence it is very unreliable and stupid to just rely on that. If we really want to be successful and have at least a good guarantee that it will happen we need to do something about it ourselves like working and investing, as well as improving ourselves every chance we get.

[Juse14]

Building wealth doesn't have any fixed amount of capital for you to figure out you could survive in the long term. I've witnessed too many events where people started their business here in our country only using $1 and they made a lot of money in the long term because of discipline, and right money management.

No matter how big your capital is, there's no way you could assure yourself that you're going to have a pretty decent wealth in the long run, it would entirely depends on how good you are. I don't believe in luck, because we make anything impossible to possible through hardworks.

Often we cannot realize what we think and plan because we are constrained by capital. Most people think that to start a business you must have large capital/a lot of money first before you can start a business. And this is wrong thinking when our minds are only focused on large capital and lots of money, then we will never be able to start the business that we have previously planned and in the end we don't have the money and capital and the business that we want will not be created. and it's just wishful thinking.
But if for example the thinking behind it is that we have to have a 'business' to be able to make money, not that you have to have money to have a business. And God willing, if we keep trying and keep trying we will definitely get the results and reap the fruits.

[CryptopreneurBrainboss]

It is important to search a lot of information before investing which you need to understand and keep in mind were invest what you can afford to lose. I agree with you that it's better to focus on increasing first your monthly income aside from that is you have to divide your earnings which is you need to separate first your base or your savings, and it's up to you if you will re-invest half of your money, but you have to consider the risk that it may not all be a good outcome for you.

You don't build wealth with salary, if you're a salary earner concentrate first on building an additional stream of income that generate money automatically without you been present, that's how wealth is generated. Wealth comes from having multiple streams of automatic income. You can create wealth from running a business or through investing in a large scale and most people use the profits generated from their business for the investing that's how the wealthy billionaire like Elon musk behavior.

You have made very insightful points regarding time and effort required to build sustainable wealth. While there may be instances where a lucky person experiencing a significant windfall, such as winning the lottery, such occurrences are extremely rare, happening to the tiny fraction of the population. For majority of the people, achieving lasting financial security requires a patient and unwavering dedication to long term planning and effort.

Most lottery winners go broke in a very short time and that's because they didn't prepare for the huge some of money they received and most of them try to be smart by investing the money but they usually don't do the right investment because they were in a hurry to get rid of the money from their hand without thinking well. Money made from lottery can't be classified as wealth, you can say this people are rich but not wealthy. Wealth is a different type of money that its source never goes dry. Wealth isn't built by luck but  you have to have intentions and work towards achieving your goals.

[Fara Chan]

I agree with you. Although it is very ideal that we can all be lucky and suddenly be millionaires it is just so impossible and very unrealistic. Hence, instead of just daydreaming about such unrealistic things happening it is better to act and do something that will help us get at least the goal we've been aiming for. There are just people who are more fortunate than others even in terms of luck, like winning the lottery, hence it is very unreliable and stupid to just rely on that. If we really want to be successful and have at least a good guarantee that it will happen we need to do something about it ourselves like working and investing, as well as improving ourselves every chance we get.

Daydreaming and dreaming without trying to make it happen through effort is very futile because in the end there will be nothing. In terms of achieving success, there is no exception for everyone who must continue to make their own efforts to make their dreams come true in their life, because success does not come automatically to everyone, even though everyone can hope for luck in their life. But it is always uncertain when it will come so everyone is always willing to try if they want to be more successful than others and I think this is no exception.

[xSkylarx]

I agree with you. Although it is very ideal that we can all be lucky and suddenly be millionaires it is just so impossible and very unrealistic. Hence, instead of just daydreaming about such unrealistic things happening it is better to act and do something that will help us get at least the goal we've been aiming for. There are just people who are more fortunate than others even in terms of luck, like winning the lottery, hence it is very unreliable and stupid to just rely on that. If we really want to be successful and have at least a good guarantee that it will happen we need to do something about it ourselves like working and investing, as well as improving ourselves every chance we get.

Daydreaming and dreaming without trying to make it happen through effort is very futile because in the end there will be nothing. In terms of achieving success, there is no exception for everyone who must continue to make their own efforts to make their dreams come true in their life, because success does not come automatically to everyone, even though everyone can hope for luck in their life. But it is always uncertain when it will come so everyone is always willing to try if they want to be more successful than others and I think this is no exception.

Dreaming it will always be part of obtaining it because we do imagine having it but if you aren't doing anything that is 100% that you won't be having it because while dreaming you should also be working on it. This is like you always wanting to own a whole bitcoin but you don't buy a small amount of it.
 
Luck will not strike you if you aren't doing anything like winning the lottery if you haven't bet you wont win. Anything will come to you once you work for it.

[uswa56]

Dreaming it will always be part of obtaining it because we do imagine having it but if you aren't doing anything that is 100% that you won't be having it because while dreaming you should also be working on it. This is like you always wanting to own a whole bitcoin but you don't buy a small amount of it.
 
Luck will not strike you if you aren't doing anything like winning the lottery if you haven't bet you wont win. Anything will come to you once you work for it.

It takes consistent struggle to be able to realize what we dream of because without going through the process we go through then our dreams cannot be realized. If we have a dream then it would be better for us to try to achieve it and go through the process so that we can realize what we have dreamed of. You are right, we will not be able to get whatever we dream of without trying to go through the process that must be gone through and it will be more satisfying if our dreams come true after going through the existing process.

[HONDACD125]

It takes consistent struggle to be able to realize what we dream of because without going through the process we go through then our dreams cannot be realized. If we have a dream then it would be better for us to try to achieve it and go through the process so that we can realize what we have dreamed of. You are right, we will not be able to get whatever we dream of without trying to go through the process that must be gone through and it will be more satisfying if our dreams come true after going through the existing process.

No doubt we need hard work to fulfill any dream but you have almost repeated the same thing in your post that we should dream and then act on it. Although the main point of this post was that we should use our income to invest, meaning that instead of always keeping our money, investing it elsewhere is a better strategy.


Whether one has more or less wealth, one always has to invest his money in different places to maintain it. You can make big capital from small capital, but for that you have to go through a learning process. If you do not know the art of earning from small capital, you will not be able to earn from big capital either. The purpose of keeping your money in circle is that whenever you get a good return on your investment, you can take the profit and try to reinvest it somewhere more suitable.

[YUriy1991]

Building wealth doesn't have any fixed amount of capital for you to figure out you could survive in the long term. I've witnessed too many events where people started their business here in our country only using $1 and they made a lot of money in the long term because of discipline, and right money management.

No matter how big your capital is, there's no way you could assure yourself that you're going to have a pretty decent wealth in the long run, it would entirely depends on how good you are. I don't believe in luck, because we make anything impossible to possible through hardworks.

What you say about discipline in investing is true, but currently capital also determines the rate of return. This is a game of time and whoever is quick to read the potential is quick, therefore in terms of building wealth and if our business development points only rely on one point then one source of income will be obtained, but if there are many points then there will be many income post later.

[Xcode7]

Building wealth doesn't have any fixed amount of capital for you to figure out you could survive in the long term. I've witnessed too many events where people started their business here in our country only using $1 and they made a lot of money in the long term because of discipline, and right money management.

No matter how big your capital is, there's no way you could assure yourself that you're going to have a pretty decent wealth in the long run, it would entirely depends on how good you are. I don't believe in luck, because we make anything impossible to possible through hardworks.

What you say about discipline in investing is true, but currently capital also determines the rate of return. This is a game of time and whoever is quick to read the potential is quick, therefore in terms of building wealth and if our business development points only rely on one point then one source of income will be obtained, but if there are many points then there will be many income post later.

The level of profit and capital will indeed be quite comparable, but it all comes back to the type of business and our self-management in building the business, whether the business we run will develop or not will depend on whether we have good control or not.
And regarding the fact that there will be many other sources that make it easier or faster to build wealth, it will certainly work itself out when we have sufficient capital.

[lombok]

Build wealth. This topic is indeed sensitive and very difficult to do even though we have a large income.

Investments, I need to get this straight. To build wealth, especially by investing or trading, we must really set our intentions straight and be thorough. Why? because if this is done carelessly, I am sure that the wealth we are referring to will not be achieved or will result in a loss of time and money.

We have to pay attention to various aspects, including market sentiment, market growth, the state of the country's and the world's economy, and anticipation if undesirable things happen, such as Covid and so on, which might have a good or bad impact on our investment. But if we give up during a crisis we will lose. Well, maybe reserve funds outside of investment must be thick so that we don't falter or are able to survive in all circumstances.

[Litzki1990]

You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.

OP just gave us an idea, OP wants to make us understand that if you don't know the process, you can't achieve success with only huge amount of money. You have no idea about investment trading or real estate business but you have money without any idea you can be successful in business with that money.
Just a sign to represent $50. Those who know the business process can gradually improve their business even if they have less money, so the first thing in business is proper planning and idea about a particular business. 

Suppose you have $10,000 plus if you invest in the wrong way at the wrong time, will your $10,000 increase or decrease? Of course it will come down, so it is very important to have an understanding of the specifics beforehand.

[Mauser]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

That is a pretty good point, everybody can get lucky and make a nice profit either in gambling or in trading. As long as this one-time profit is not in the millions, then this won't make us rich and it comes down to what we doing with the money after. Becoming wealthy is not a process that finishes in a few weeks, this takes years and a lot of dedication to make it work. My old boss always said that if you want to achieve financial independence then look at the journey as a marathon, not a sprint. Being lucky helps of course a lot in our efforts to accumulate money, but if we don't have a plan and the tools to secure this money for the future, then we are going to lose it mostly likely again. Reinvesting any future gains is the key to building a successful portfolio that keeps growing over time. We shouldn't be only relying on the short or medium gains in our investments, and instead build a long term investment plan.

[dothebeats]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

That is a pretty good point, everybody can get lucky and make a nice profit either in gambling or in trading. As long as this one-time profit is not in the millions, then this won't make us rich and it comes down to what we doing with the money after. Becoming wealthy is not a process that finishes in a few weeks, this takes years and a lot of dedication to make it work. My old boss always said that if you want to achieve financial independence then look at the journey as a marathon, not a sprint. Being lucky helps of course a lot in our efforts to accumulate money, but if we don't have a plan and the tools to secure this money for the future, then we are going to lose it mostly likely again. Reinvesting any future gains is the key to building a successful portfolio that keeps growing over time. We shouldn't be only relying on the short or medium gains in our investments, and instead build a long term investment plan.

You both make good and valid points. Just because an individual was able to get a good sum of money, may it be from luck (like winning the lottery) or through hard work (like business or work), it will take more than just that event to earn actual wealth. Let's make it simple. If an individual was able to their hands on half a million dollars then immediately spent it by buying a house and lot, cars, luxury things, and then gave some away to their family and friends, add in the taxes and what will be left? Soon enough that individual will then only have a good sum to pay for their needs and utility, and will soon face problems regarding payments for the house and cars' maintenance. Instead, if that individual made a plan and spent only what was needed, used a good percentage of that money to start a business or investment, then at least the money will make profit and will continuously give them income, possibly gaining wealth in a few years.

[poodle63]

You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.

OP just gave us an idea, OP wants to make us understand that if you don't know the process, you can't achieve success with only huge amount of money. You have no idea about investment trading or real estate business but you have money without any idea you can be successful in business with that money.
Just a sign to represent $50. Those who know the business process can gradually improve their business even if they have less money, so the first thing in business is proper planning and idea about a particular business. 

Suppose you have $10,000 plus if you invest in the wrong way at the wrong time, will your $10,000 increase or decrease? Of course it will come down, so it is very important to have an understanding of the specifics beforehand.

knowing the process is definitely needed for ensuring that the wealth won't go anywhere which also means that we could build business and keep it alive even profitable for many years to come.
thats the important thing with knowing the process, so the money won't just vanish into thin air but having luck is also essential in this regard like many have stated.
but of course someone can't be lucky for their whole life right, therefore those that got lucky and know how to build their business up are the one comes out victorious building their business and paving its way
to the very top, those are very rare people thats why its difficult to be success but definitely possible.

[DubemIfedigbo001]

1) Control income and expenses.
2) Spend less than you earn.

This is a good discipline for low income earners, but can't sustain you for long cos the bills keep increasing everyday.

4) Increase your income and get different sources of income.

Before thinking of different sources of income, you should have built one particular source of income very well to serve as your pivot in case of uncertainties. Diving to increase source of income on low financial backing often meets with frustration and discouragements cos the money that is needed to make more money its not a small money.

5) Invest, invest, invest.

The importance of this can never be undermined, you've to understand the business you're going into properly and note: DON'T BORROW TO INVEST IN A BUSINESS FOR THE FIRST TIME .

[BVeyron]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also the gamble.

You need to know everything about the topic you deal with specially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

Unfortunately, nearly all the investments are gambling, and investments that are not risky are usually not so profitable... In general, no one can control the market with the starting capital of $50... Everyone, who has so little money at the beginning of his/her business path, needs to be lucky enough to get some extra money... Market control is a hard thing. People possessing billions often can't control even their market field...

[YUriy1991]

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

No one builds significant wealth from trading with an initial capital of $50 without making additions. 

The rest of what you say are half-truths mixed with bullshit, but I'm going to stick with the positive: building wealth is a process where you have to know what you are doing, create a plan and follow it, which involves investing over long periods of time.

Nothing is wrong. but with large capital it is quite helpful in terms of returns and take profit, but that's okay because gradually the process will complete itself. What is needed is enthusiasm even though the capital is still minimal with an initial capital of $50. The important thing is not to give up quickly in trading and not be greedy and leave the market because you can't take it anymore.

[Y3shot]

This is just imagination, because what someone used and build its is not applicable to what another person will use and its own wealth, we have to understand one thing in building of wealth, because their is every tendency that what you invested on and be prosper I can't invest there and get propagated in the investment, so what we really needs in any investment is a investigation and research. Having a wealth is a plan and positive thinking of yourself, so if you don't think positively in whatsoever you are doing you will not acquire wealth from my perspective or understanding of achievement.

Indeed building wealth is not entirely saddled on luck, proper investigation on any investment will save you from investing in a loophole, I'm a firm believer of growth that is growing my income bit by bit. But most people are fueled by greed, in as much greed when used right can give you unimaginable profit but it can damage everything in a twinkle of an eye. Having and building wealth indeed needs a good plan, consistency, resilience and perseverance because most times it may look like you're not making progress, but keep going the end justifies the means and labour.

[dothebeats]

This is just imagination, because what someone used and build its is not applicable to what another person will use and its own wealth, we have to understand one thing in building of wealth, because their is every tendency that what you invested on and be prosper I can't invest there and get propagated in the investment, so what we really needs in any investment is a investigation and research. Having a wealth is a plan and positive thinking of yourself, so if you don't think positively in whatsoever you are doing you will not acquire wealth from my perspective or understanding of achievement.

Indeed building wealth is not entirely saddled on luck, proper investigation on any investment will save you from investing in a loophole, I'm a firm believer of growth that is growing my income bit by bit. But most people are fueled by greed, in as much greed when used right can give you unimaginable profit but it can damage everything in a twinkle of an eye. Having and building wealth indeed needs a good plan, consistency, resilience and perseverance because most times it may look like you're not making progress, but keep going the end justifies the means and labour.

I like your point regarding how greed can have both good and bad effects, depending on how an individual handles it. This is why I firmly believe in having plans that can form limitations for us. Although it is true that human beings are always drive by our greed, that doesn't necessarily mean that we cannot do anything to actually control it. We can get the good effects of greed by ensuring that it drives us to be better and reach for opportunities but have limits to ensure we only risk what we can afford to lose. Knowing where to pause and stop allows growth and a steady foundation for as we reach for our goals.

[slapper]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

That is a pretty good point, everybody can get lucky and make a nice profit either in gambling or in trading. As long as this one-time profit is not in the millions, then this won't make us rich and it comes down to what we doing with the money after. Becoming wealthy is not a process that finishes in a few weeks, this takes years and a lot of dedication to make it work. My old boss always said that if you want to achieve financial independence then look at the journey as a marathon, not a sprint. Being lucky helps of course a lot in our efforts to accumulate money, but if we don't have a plan and the tools to secure this money for the future, then we are going to lose it mostly likely again. Reinvesting any future gains is the key to building a successful portfolio that keeps growing over time. We shouldn't be only relying on the short or medium gains in our investments, and instead build a long term investment plan.

You both make good and valid points. Just because an individual was able to get a good sum of money, may it be from luck (like winning the lottery) or through hard work (like business or work), it will take more than just that event to earn actual wealth. Let's make it simple. If an individual was able to their hands on half a million dollars then immediately spent it by buying a house and lot, cars, luxury things, and then gave some away to their family and friends, add in the taxes and what will be left? Soon enough that individual will then only have a good sum to pay for their needs and utility, and will soon face problems regarding payments for the house and cars' maintenance. Instead, if that individual made a plan and spent only what was needed, used a good percentage of that money to start a business or investment, then at least the money will make profit and will continuously give them income, possibly gaining wealth in a few years.

Yes, it's important to emphasise wise spending and investment. I've heard several stories of sudden wealth that vanishes rapidly. One of the biggest issues is ignorance about finances. When people get their hands on a significant money, they often assume it will last them a lifetime. They spend mindlessly. And where does it leave them? Broke, stressed, and in debt

I believe wise, intentional investing is necessary to maintain and grow wealth. Investing in equities or Bitcoin has power. I see it as a way to diversify and possibly create wealth, despite the risks and volatility debate. Again, a plan and knowledge are crucial. Wealth is money management, not just money

[RockBell]

Building wealth doesn't have any fixed amount of capital for you to figure out you could survive in the long term. I've witnessed too many events where people started their business here in our country only using $1 and they made a lot of money in the long term because of discipline, and right money management.

No matter how big your capital is, there's no way you could assure yourself that you're going to have a pretty decent wealth in the long run, it would entirely depends on how good you are. I don't believe in luck, because we make anything impossible to possible through hardworks.

But hope it is not in this current economy because have been thinking, and trying to do the whole calculation of starting a business with just 1 dollar and what kind of business. I don't know about your region but as in mine it will be impossible to start with that price and considering the risk behind every business if you invest 1 dollar and anything happens what do you think will remain? discipline is good when it comes to money but people have needs and with what the world is facing now it is difficult to even be disciplined about money. business does not give full assurance of making it but it is better than not doing anything.

[dunfida]

It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.

That is a pretty good point, everybody can get lucky and make a nice profit either in gambling or in trading. As long as this one-time profit is not in the millions, then this won't make us rich and it comes down to what we doing with the money after. Becoming wealthy is not a process that finishes in a few weeks, this takes years and a lot of dedication to make it work. My old boss always said that if you want to achieve financial independence then look at the journey as a marathon, not a sprint. Being lucky helps of course a lot in our efforts to accumulate money, but if we don't have a plan and the tools to secure this money for the future, then we are going to lose it mostly likely again. Reinvesting any future gains is the key to building a successful portfolio that keeps growing over time. We shouldn't be only relying on the short or medium gains in our investments, and instead build a long term investment plan.

You both make good and valid points. Just because an individual was able to get a good sum of money, may it be from luck (like winning the lottery) or through hard work (like business or work), it will take more than just that event to earn actual wealth. Let's make it simple. If an individual was able to their hands on half a million dollars then immediately spent it by buying a house and lot, cars, luxury things, and then gave some away to their family and friends, add in the taxes and what will be left? Soon enough that individual will then only have a good sum to pay for their needs and utility, and will soon face problems regarding payments for the house and cars' maintenance. Instead, if that individual made a plan and spent only what was needed, used a good percentage of that money to start a business or investment, then at least the money will make profit and will continuously give them income, possibly gaining wealth in a few years.

Yes, it's important to emphasise wise spending and investment. I've heard several stories of sudden wealth that vanishes rapidly. One of the biggest issues is ignorance about finances. When people get their hands on a significant money, they often assume it will last them a lifetime. They spend mindlessly. And where does it leave them? Broke, stressed, and in debt

I believe wise, intentional investing is necessary to maintain and grow wealth. Investing in equities or Bitcoin has power. I see it as a way to diversify and possibly create wealth, despite the risks and volatility debate. Again, a plan and knowledge are crucial. Wealth is money management, not just money

And one example of this is into those people who do able to win up some amounts in lottery on which they did really have changed their lives but since they do lack that kind of money management then they did make themselves on being poor again after a few years or even months time at worst and this is something that could really be happening or something did happen on some winners or does have that huge money before.
This is only the time that they would really be considering on making up some studies and realizations that they must be having those kind of financial management but well its already too late.
Everything should really be taken seriously specially if we do speak about investment and other further steps just to make that kind of progress towards our lives.
Mistakes do usually happen on the time that people would really be tending to rush things up without even making some proper planning.

[Dimitri94]

When something is built slowly and over time, its reliability will increase. If sudden investment makes large amount of money then it may not be a good investment. Investing and gambling are not the same. Even if the investment is small, it can be profitable if it is reliable. That is, if the foundation is solid, then the money will keep coming no matter what your investment amount. An investor in any type of business must first have a proper idea about his business otherwise he cannot succeed in it.

[Lantind]

Yes, it's important to emphasise wise spending and investment. I've heard several stories of sudden wealth that vanishes rapidly. One of the biggest issues is ignorance about finances. When people get their hands on a significant money, they often assume it will last them a lifetime. They spend mindlessly. And where does it leave them? Broke, stressed, and in debt

I believe wise, intentional investing is necessary to maintain and grow wealth. Investing in equities or Bitcoin has power. I see it as a way to diversify and possibly create wealth, despite the risks and volatility debate. Again, a plan and knowledge are crucial. Wealth is money management, not just money

Indeed, it would be better if we could manage our spending on investing. If we cannot control our spending on investing, it will be very detrimental if we experience losses and don't have any money left so we can't meet our needs. If they spend money without thinking, of course they have never experienced the difficulty of earning money, so when they use their money they don't think about anything.

I really agree with you that in investing we really need to understand it well, not just have money and then invest, we need to understand it well so that we can overcome obstacles if there are obstacles in investing. For those who can manage their finances well, of course they will become rich with their money and for those who can't, of course they will never be able to because they keep spending their money and only realize it when there is no more left.

[dothebeats]

Yes, it's important to emphasise wise spending and investment. I've heard several stories of sudden wealth that vanishes rapidly. One of the biggest issues is ignorance about finances. When people get their hands on a significant money, they often assume it will last them a lifetime. They spend mindlessly. And where does it leave them? Broke, stressed, and in debt

I believe wise, intentional investing is necessary to maintain and grow wealth. Investing in equities or Bitcoin has power. I see it as a way to diversify and possibly create wealth, despite the risks and volatility debate. Again, a plan and knowledge are crucial. Wealth is money management, not just money

Indeed, it would be better if we could manage our spending on investing. If we cannot control our spending on investing, it will be very detrimental if we experience losses and don't have any money left so we can't meet our needs. If they spend money without thinking, of course they have never experienced the difficulty of earning money, so when they use their money they don't think about anything.

I really agree with you that in investing we really need to understand it well, not just have money and then invest, we need to understand it well so that we can overcome obstacles if there are obstacles in investing. For those who can manage their finances well, of course they will become rich with their money and for those who can't, of course they will never be able to because they keep spending their money and only realize it when there is no more left.

Invest what we can; risk what we can afford to lose. We tend to forget that not every investment can promise profit, there are time that we will experience losses like any other transactions that involves money. Hence, by forgetting that we go way out of line by putting everything we have to investing, getting to carried out that we forget how vital it is to ensure that we still keep something for ourselves in case of unforseen circumstances. We need to learn how to divide our income for our daily spendings, investments, and savings. As much as investing have a great number of benefits for us, we still need to set a limit.

[Out of mind]

Of course money is needed to build wealth, it is never possible to make extra money with less. As you said, investing $50 is possible to get good profit, but basically never expect much profit with so little money. If you invest $50, you will never get more profit, you must increase the amount of money to get profit. You need to add more money to your capital and invest it so that an amount comes in, but you can make a good profit out of it. And if you don't have much money to invest, you can trade with this small amount of money knowing that you can profit from it. and if you want to earn monthly by investing, then of course you have to increase the amount of money otherwise it will not be possible. When you invest extra money, you will succeed in building a wealth in the future.

[Huppercase]

You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.

It is important to search a lot of information before investing which you need to understand and keep in mind were invest what you can afford to lose. I agree with you that it's better to focus on increasing first your monthly income aside from that is you have to divide your earnings which is you need to separate first your base or your savings, and it's up to you if you will re-invest half of your money, but you have to consider the risk that it may not all be a good outcome for you.

Another strategy is that they take out a loan and pay it on an installment basis because no matter what they do it will cost them time if they find a second job meaning if you plan to invest you have less time for your investment so others take the risk of having a loan but it is not recommended because we know that if ever it is not a success you are still paying that loan but at least you have tried and are still able to pay the loan.

Investing basically is easy and doing a personal research might give you a head visibility but when you go deeper, there is more mytical wonders beneath it. You can do everything needed as an investor and you can still fail you know right; Lets look back into some incidence of failed investment that has happen in crypto like when the team abandoned a good project and run away after starting well is one good example that you might do a good research about your investment but sometimes, they are not enough to stop the mysery of investments, just hope you don't fall into the wrong one.

I will not advice any person to take loan to invest without any other back up plan to payback. Like what are you going to do if the investment didn't go as plan, don't even dare try that in crypto because I can tell for free that there is no any coin in the market right now that is not at lost from their all time high, they are all down and assuming money were borrowed and invested during those crash time, how will the investors pay back money that was lend to them, no way that is going to end well.

It is better to save first and accumulate capital no matter how big or small your income is because that is where your capital starts and you won't be taking out a loan. But always keep in mind that you should always risk what you can afford to lose stay out of your comfort zone and always learn about your investments.

There is no better strategy of investing like risking of self money that you can afford to lose into any investment because by the time the investment goes zigzag instead of linear, you might no worry and even if you should worry, you will not have a fear in mind of how to pay back the loan you took, you will also not worry about what comes after if you fail to pay earlier as agreed; My advice is stay away from loan if you must invest.

[CageMabok]

When something is built slowly and over time, its reliability will increase. If sudden investment makes large amount of money then it may not be a good investment. Investing and gambling are not the same. Even if the investment is small, it can be profitable if it is reliable. That is, if the foundation is solid, then the money will keep coming no matter what your investment amount. An investor in any type of business must first have a proper idea about his business otherwise he cannot succeed in it.

Your opinion is quite reasonable too, because good investments are usually able to provide maximum results in the long term with a very strong level of foundation strength. So if we see an investment that can provide quick profits in a short time, it might just be a trap to give attention to many people so that people can be very interested and tempted by it because it is able to provide quick profits without considering such a strong foundation. But I personally usually consider it as normal trading, not as an investment because quick profits will not always occur on certain assets.

[Mahanton]

Yes, it's important to emphasise wise spending and investment. I've heard several stories of sudden wealth that vanishes rapidly. One of the biggest issues is ignorance about finances. When people get their hands on a significant money, they often assume it will last them a lifetime. They spend mindlessly. And where does it leave them? Broke, stressed, and in debt

I believe wise, intentional investing is necessary to maintain and grow wealth. Investing in equities or Bitcoin has power. I see it as a way to diversify and possibly create wealth, despite the risks and volatility debate. Again, a plan and knowledge are crucial. Wealth is money management, not just money

Indeed, it would be better if we could manage our spending on investing. If we cannot control our spending on investing, it will be very detrimental if we experience losses and don't have any money left so we can't meet our needs. If they spend money without thinking, of course they have never experienced the difficulty of earning money, so when they use their money they don't think about anything.

I really agree with you that in investing we really need to understand it well, not just have money and then invest, we need to understand it well so that we can overcome obstacles if there are obstacles in investing. For those who can manage their finances well, of course they will become rich with their money and for those who can't, of course they will never be able to because they keep spending their money and only realize it when there is no more left.

Invest what we can; risk what we can afford to lose. We tend to forget that not every investment can promise profit, there are time that we will experience losses like any other transactions that involves money. Hence, by forgetting that we go way out of line by putting everything we have to investing, getting to carried out that we forget how vital it is to ensure that we still keep something for ourselves in case of unforseen circumstances. We need to learn how to divide our income for our daily spendings, investments, and savings. As much as investing have a great number of benefits for us, we still need to set a limit.

If you do like for your life to have some progress or really have those kind of targets or goals then it would really be just that normal that you should need to work hard for it and make out some sacrifices or simply taking up
some risks because you cant really be that able to progress or changed up your life if you wont really be taking up such path. Dont believe or put up into your mind into those successful people or rich ones hadnt been able to pass up these kind of challenges in life. There's no easy way on acquiring richness without passing all those challenges on which you would commonly be able to experience.Building wealth though does really have some sort of mix of luck on the time that you are dealing something because despite on putting  those hard work and whatever sacrifices you had made but if there's no luck mixed with it then you would really be still able to fail.

Note on here is that  you should not make yourself in a rush because this is where mistakes do happen.Set your priorities and set your plans and work hard for it.
Dont rely on luck because without hard work and some wise approach on decision making then it would really be that useless.

[bayu7adi]

If you invest $50, you will never get more profit, you must increase the amount of money to get profit. You need to add more money to your capital and invest it so that an amount comes in, but you can make a good profit out of it. And if you don't have much money to invest, you can trade with this small amount of money knowing that you can profit from it. and if you want to earn monthly by investing, then of course you have to increase the amount of money otherwise it will not be possible. When you invest extra money, you will succeed in building a wealth in the future.

Is investing the only thing on your mind when it comes to making money? There are still countless opportunities to earn from things you haven't even considered.

Investing isn't just about cryptocurrencies or stocks; there are numerous other types of investments that can make better use of your $50. Buying BTC with $50 essentially means waiting for its price to rise, but that's not the main point the OP wants to convey.

Utilize that $50 to potentially generate significant income, such as selling beverages in bustling places or offering door-to-door food sales. Or anything else that can yield substantial earnings through methods other than instant gains.

[blockman]

An investor in any type of business must first have a proper idea about his business otherwise he cannot succeed in it.

This is where many investors turn into businessmen who do it wrongly. They've been doing some wrong practice that makes them think that they know everything about making money just as building wealth and starting their own businesses. It is not easy, they seem to be strong-willed but being like that isn't enough when you're doing business and creating your own asset empire. A businessman who doesn't have an idea of what he's doing is doing the wrong thing, first, when you do business you need to at least have some basic idea about it. Although some advises will tell you that everything is going to be learned in the process upon doing business. Don't believe them.

[dothebeats]

An investor in any type of business must first have a proper idea about his business otherwise he cannot succeed in it.

This is where many investors turn into businessmen who do it wrongly. They've been doing some wrong practice that makes them think that they know everything about making money just as building wealth and starting their own businesses. It is not easy, they seem to be strong-willed but being like that isn't enough when you're doing business and creating your own asset empire. A businessman who doesn't have an idea of what he's doing is doing the wrong thing, first, when you do business you need to at least have some basic idea about it. Although some advises will tell you that everything is going to be learned in the process upon doing business. Don't believe them.

You are absolutely right. Starting a business without having prior knowledge of the basics will surely result to negative effects, not only to the business itself but to the one starting the business as well. Having prior knowledge allows us to confidently make plans for our business while thinking of all the possible outcomes of every actions and decisions we will make, it also gives us knowledge that can prevent us from beings scammed or making bad decisions that will put the business down.