If you want to be wealthy you need action

[Russlenat]

It is true that it takes time and experience to get better, not just studying. However, we need to realize the importance of that too, because we can't just make it so that we can't really make zero money, it is not going to work out well in the end. I know that it feels like experience is the most important thing but if you know nothing about trading then you can't make a good income from it by just assuming whatever you do is right.

You need to first start with studying to get better and if you know what you are doing then you are going to get better with time eventually. So do them both, do not think experience is enough, do not think studying is enough, you need to do both and first study to be better and then you need to keep doing it to gain experience and be better that way.

I guess it’s not only trading that will help us build our wealth in the process. We can engage into other investments that have high potentials to bring us bigger profits. But still, knowledge and experience will still be the keys, as one won’t reach the success with just mere knowledge, proper action and decisions still play the highest importance.

However, the problem with people nowadays is that they value more on taking shortcuts for success. Which I think is obviously not the right thing to do. Getting knowledge and building your own experience would always be the basics to success.

[bettercrypto]

It is true that it takes time and experience to get better, not just studying. However, we need to realize the importance of that too, because we can't just make it so that we can't really make zero money, it is not going to work out well in the end. I know that it feels like experience is the most important thing but if you know nothing about trading then you can't make a good income from it by just assuming whatever you do is right.

You need to first start with studying to get better and if you know what you are doing then you are going to get better with time eventually. So do them both, do not think experience is enough, do not think studying is enough, you need to do both and first study to be better and then you need to keep doing it to gain experience and be better that way.

I guess it’s not only trading that will help us build our wealth in the process. We can engage into other investments that have high potentials to bring us bigger profits. But still, knowledge and experience will still be the keys, as one won’t reach the success with just mere knowledge, proper action and decisions still play the highest importance.

However, the problem with people nowadays is that they value more on taking shortcuts for success. Which I think is obviously not the right thing to do. Getting knowledge and building your own experience would always be the basics to success.

That's right, there are many tool categories on how to make an individual rich. And I also agree that trading is not the only tool that can be used to advance in life. Then entering trading has considerations that must be taken into account as well.

We also know that trading is not easy to learn or understand; it really takes time before we have a broad knowledge or idea about this source of income.

[bestcoins1]

That's right, there are many tool categories on how to make an individual rich. And I also agree that trading is not the only tool that can be used to advance in life. Then entering trading has considerations that must be taken into account as well.

We also know that trading is not easy to learn or understand; it really takes time before we have a broad knowledge or idea about this source of income.

However, trading can also be considered as an additional job that can be relied upon as an option to make money apart from other jobs. Because daily trading or short-term trading is not much different from someone who opens a business in a traditional market, who generally also targets profits from the goods he has purchased. This means that trading in the market can be used as an additional job for people who want to make money in several ways and one of them is through trading, although it does require time and knowledge to be able to do this.

[Volimack]

To be rich of course action is required through action people work hard and become successful. Everyone around you is pushing for a comfort zone. They tend to gravitate toward jobs that everyone can do. Trading can never be the only tool to get rich. It takes time to learn trading well and understand the risks of trading. There must be other ways of doing business with him. You cannot learn anything in one day so try to understand everything well before trading.

[poodle63]

just action is not enough.
to become wealthy you anyone need to grow balls and have the guts to take on the risk that could give us the chance to become rich, almost all of people who gained their wealth from scratches take the risk to get to that point.
If someone say they don't take risk while building their wealth from scratch they might be lying, the key is always whether or not you dare to take the risk of becoming really broke if you fail or becoming really successful if you succeed.
that I think the key point to become wealthy in my opinion.
also working harder than anyone else usually also pays off, the early bird get the most of food so they say.
so just action isn't necessarily enough to suddenly get you far, though it does indeed required as well.

[fuguebtc]

just action is not enough.
to become wealthy you anyone need to grow balls and have the guts to take on the risk that could give us the chance to become rich, almost all of people who gained their wealth from scratches take the risk to get to that point.
If someone say they don't take risk while building their wealth from scratch they might be lying, the key is always whether or not you dare to take the risk of becoming really broke if you fail or becoming really successful if you succeed.
that I think the key point to become wealthy in my opinion.
also working harder than anyone else usually also pays off, the early bird get the most of food so they say.
so just action isn't necessarily enough to suddenly get you far, though it does indeed required as well.

I agree with what you said, taking risks is probably the most important factor if we want to talk about getting rich. If someone has a plan and is willing to work hard but if they are not willing to step out of their comfort zone and don't want to take risks then they will never succeed and become rich. That is why many people who are highly educated, and have knowledge and experience cannot become rich, simply because they do not dare to take risks, do not dare to trade off, and accept challenges. There is no success or wealth without trade-offs, and to make trade-offs, we need to be bold.

[Kakmakr]

I always think about the saying.. "Studying it, is not a good preparation for dealing with it."

In my experience with students coming to work at our company, many cannot handle the work or they cannot do the work, because they cannot apply the book knowledge that they gained.

You have to get in there and gain the experience and learn to adapt to the challenges and also learn from the mistakes to be succesful.

[Hewlet]

Generally, knowledge without action is just waste of knowledge. This is the reason why we have thousands of knowledgeable people that are roaming around on the street but that aren't making it Big because they've failed to put what they know into practice. Most people that aren't all that smart in school end up being the successful once in life not because they understand life too much but basically because they choose to apply the little knowledge they have in doing something and while they continue doing it, they gradually learn a lot more on the job.

Wealth doesn't happen because you've read all the books about wealth creation or that you've attended all tg seminars conferences that has to do with financial bouyancy. Real wealth comes when you've learnt the little you are able to learn and then you put the knowledge you've acquired into use and find a way of monitoring that little knowledge.

[moneystery]

"a lion cub will never become a true lion if he does not learn from his experience and knowledge" these words are very appropriate to describe how a person who wants to be successful can achieve his goals. because if someone is only full of knowledge and no experience, then he is only a smart person, but when he has experience then he can be said to be wise in his life and that can make him a successful person. that's why it's important to have experience now and take advantage of it to be able to make progress in our lives.

[angrybirdy]

Index investing and DCA is the best that the majority of people can do to become more wealthy. But this only works if you have big enough income

I disagree. You can still do dca method even if you do not have that huge amount of income. The idea that you cannot invest unless you are wealthy is just wrong.

If you know how to manage your finances well and you are able to save some of your income to direct to great investments then surely it is possible. If you manage to invest even in small increments but regularly then you can see some profit already after quite some time. Though of yourself you have to be careful with your money.

That's true! There are many investors here who are not really rich, but because of the strategies they do to invest, they earn extra income and sometimes the investment they earn is even bigger compared to their monthly salary. It's not enough reason to lose hope or be discouraged just because we're not rich, everything today requires hard work and we need to be strategic to rise in life. if you really want to save or earn a large amount of money, you must also know how to appreciate or properly handle the money that comes into you, because sometimes when we are overwhelmed by what we earn, we don't realize that we are already spending our money on things that are not that important. Discipline is the key.

[coinerer]

Index investing and DCA is the best that the majority of people can do to become more wealthy. But this only works if you have big enough income

I disagree. You can still do dca method even if you do not have that huge amount of income. The idea that you cannot invest unless you are wealthy is just wrong.

If you know how to manage your finances well and you are able to save some of your income to direct to great investments then surely it is possible. If you manage to invest even in small increments but regularly then you can see some profit already after quite some time. Though of yourself you have to be careful with your money.

The purpose of economics is to acquire more wealth by using less money. Economics gives an idea of ​​how a person will use his money property and get a sufficient return from it. so everyone needs to have economic knowledge for money management. we waste a lot of money due to various reasons because we prefer to spend unnecessarily and because of this we lose opportunities to increase our wealth day by day. so of course we have to be very careful and save money by reducing wastage

[bluebit25]

The results that each of us desires and achieves will represent the actions we have taken before, it would be unreasonable for someone to share their success based on luck, but that is the case occurs with a very low occurrence rate.

And I completely agree that action is a method that leads us to our goals. Facing failures seems to be something that I consider very helpful on the journey, because challenges only help us overcome them, not something that prevents success. So accept everything even if you are not satisfied and find other ways to overcome the lack of fever, something that I think if something we can be determined to achieve, it will definitely come true.

[mvdheuvel1983]

On the road to success you cannot underestimate learning from other people's experiences that have already gone through the business path that you want to take, otherwise you can make costly mistakes that you would've avoided if you've learned from their experiences. But I can agree that after learning from them that you should be the one to decide your own part, what you've learned from other experienced people will serve as a guide to you, so you can have a clearer vision from different perspectives. It's good to learn from your own personal, but we can not discard the experiences of successful people

I agree with you on this, success come with learning and if you must learn, you are meant to meet different people with different thinking and mindset, but as a human you should be able to identify good and bad and all time, experience matters in all we though not only in business setting but all areas of life, as someone who wants to grow financially you need people that has gone through such experience, lets also understand understand that temptation is always available once you want to progress and that's why we should know people that we listen to so that we won't miss it all in the journey to wealth.
But the major path to follow if you really want to be successful in life, you must be strategic in your plans, think before you execute it business plan, check out for profitable and trusted investments and always ask question once you are confused about a situation so that you won't make a regrettable mistake.

[Z_MBFM]

Index investing and DCA is the best that the majority of people can do to become more wealthy. But this only works if you have big enough income

I disagree. You can still do dca method even if you do not have that huge amount of income. The idea that you cannot invest unless you are wealthy is just wrong.

If you know how to manage your finances well and you are able to save some of your income to direct to great investments then surely it is possible. If you manage to invest even in small increments but regularly then you can see some profit already after quite some time. Though of yourself you have to be careful with your money.

The purpose of economics is to acquire more wealth by using less money. Economics gives an idea of ​​how a person will use his money property and get a sufficient return from it. so everyone needs to have economic knowledge for money management. we waste a lot of money due to various reasons because we prefer to spend unnecessarily and because of this we lose opportunities to increase our wealth day by day. so of course we have to be very careful and save money by reducing wastage

The most important thing is that if you want to be rich, you have to work hard and you have to use some special strategies that will make you earn much more than others. a donkey always works hard but he gets no benefit because he can only work hard and there is no technique to get good results with less work. so if you want to earn more in any endeavor and you want to be rich then you need to use special unique strategies that will always set you apart from others. only then can you become wealthy

[Mrbluntzy]

Don't be stucked with bad mood If you try something and it's not working you have to be mindset that you gona make 100 mistakes yes you will make it that's normal.
People who take failures too hard will just overstress themselfes and that's why they slow down their success.

Failure makes us strong and also make us to gather more experience. We can not imagine how many times most of these old scientists tried their experiment and fail but they lastly succeeded and some of what they invented is what we are enjoying today. We need to be persistent in what ever we are doing, we need to be ready to handle every challenge we are faced with in our trip to archive wealth.

[Cryptomultiplier]

I believe this is the kind of post that requires one to speak freely and expressively, because while we would all agree that one needs to learn and acquire a certain knowledge and try to make it work and earn us some income, the basic reality is that education is very important.

From cradle of civilization till date, only those who have attained a certain level of literacy can fully and rest-assuredly, read and understand the terms and conditions or should I say they understand the ethos to abide by in any chosen field of interest, which will along the way or in the end, lead them unto success.

Action is needed, but the wisest person who attains mastery is the one who understands, can read, can write, can interpret, can formulate or create and can convince others about the thing which they are good at.

[Y3shot]

Gaining wealth is not easy at this time because everything is difficult, businesses are collapsing, and governments are struggling to pay workers salaries. people are becoming poorer. The opportunities for wealth creation are scarce compared to before, and people are struggling to make ends meet. To be honest, generating money or creating wealth is challenging due to inflation. I doubt that anyone can easily become wealthy during inflation, except perhaps those who are already wealthy and can take advantage of the situation to accumulate more wealth. Everyone is just trying to survive and meet their basic needs. Even nations are becoming poorer, let alone individuals.

[Egii Nna]

~~ snip~~

If I could understand what you are emphasizing, for any individual who really wants to make it in life, shout, act, and jump into what he wants instead of wasting time having many thoughts on it, it is obvious that you have a point, but in other words, you have made so many mistakes. Because if you really want to succeed in life, you have to have adequate knowledge about what you want to do because you are trying to take a risk, and you can't take a risk without studying and assessing the risk; if not, there will be a high chance of regretting the risk in the future.
 
There is a concept that is supposed to be believed, but most of the time it makes people go astray, which is that without failure, you cannot succeed. But what people don't understand about this concept is that you must fail before you succeed. When you assess risk, it will be better than someone who always engages in try-and-error. because you will have permanent knowledge due to your research, while if you engage in trial and error, you will always get knowledge from your mistakes. So it is two different ways of knowing and is left to you to see which one is the best.

[Freeesta]

Really! To achieve something, you must rely primarily on your experience. Only after you yourself have lost your profit will you be able to understand the risks and learn to control your actions and be able to make decisions on which your monetary income will depend. The only advice I can give to beginners is to always start small and know when to stop.

[Distinctin]

That's right, there are many tool categories on how to make an individual rich. And I also agree that trading is not the only tool that can be used to advance in life. Then entering trading has considerations that must be taken into account as well.

We also know that trading is not easy to learn or understand; it really takes time before we have a broad knowledge or idea about this source of income.

However, trading can also be considered as an additional job that can be relied upon as an option to make money apart from other jobs. Because daily trading or short-term trading is not much different from someone who opens a business in a traditional market, who generally also targets profits from the goods he has purchased. This means that trading in the market can be used as an additional job for people who want to make money in several ways and one of them is through trading, although it does require time and knowledge to be able to do this.

Yes trading is risky but is certainly able to provide us additional profits if you trade with sufficient knowledge and experience. Same with physical businesses that bring us more money if you manage it cautiously and with high passion and experience.

 However, if you are not inclined into trading and you have never developed interest in trading, then there’s always other investments or mental skills that will help you progress in life. You just need to take some risk for you to be able to gain something, as we don’t wait for good things to happen in our life but we chase and create an action to make it happen.