If you want to be wealthy you need action

[_BlackStar]

-snip-

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.

Dare to take risks basically has to be conditioned and must also be adjusted to budget capabilities, knowledge and so on. You cannot take too big a risk when you are not supported by careful planning, sufficient budget, and adequate knowledge. If you start everything without having these things - then you are just gambling with your luck.

Investing in highly volatile assets like bitcoin requires planning instead of just relying on a budget. You need to find yourself to knowledgeable about how the market works, you even have to understand when to buy and when to sell again. The aim of investing is to generate returns - it should be based on a good strategy so that your chances of getting a return from an investment do not depend on luck alone.

[serjent05]

Think something that experinces are like gift once you have them even bad ones your value will increase therefor your personal market value will be also higher.

I disagree, failure makes a person stronger and learn but failure does not make the value of a person to increase, in fact bad decisions and action contribute to the failure of other people to recognize your worth.  Thus, a person who made a lot of bad result often valued less.  So it is best to lessen the mistakes we made by learning from the experience of others.  We do not need to experience a first hand error, we should avoid it as much as possible through learning the reasons why other people fail and avoid those mistakes.

Reading books, listening to the gurus is a preparation so we should not ignore them or undervalue its effect to our future actions.  Besides we must learn and plan everything before we commit any actions in order to minimize the window for mistakes.

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.

But failure should also be not taken lightly.  If we make mistakes we should learn from it, if we fail we must learn the cause of that failure and fix it.  We must contemplate with an open mind and accept the fact that we commit a mistakes that lead to failure, learn from it, and move on with revitalized optimism that eventually, we will succeed.

[CryptopreneurBrainboss]

Instead of reading the books or listening the gurus learn the basics and start action make some moves because you will need to be ready to make mistakes don't take this emotionally be with mindset that you gona have nice long 3 years of working with something make mistakes don't think about them too much just make notes what went wrong and move on dont make same mistake try new way. At the end you will have a lot experince base to see what did worked and what did not worked out.

Don't discredit reading of books or listening to motivation speakers and other great men, what you should be against is not taking an action after reading a book or listening to great men that have achieved exactly what you're trying to achieve. Reading of books are one of the ways to learn from great writers that are writing how to achieve the success path that you're embarking on. Robert Kiyosaki is a great writer and he has written some investment and motivational books that if after reading them and you follow in his guidance, you can't still be the same loser you were before you read his books and he's also bullish on Bitcoin. Books gives you different perspective to achieving success in any field that you're reading a book about.

Do not think you gona hit success with first shot just swich off all your emotions do it fast make notes fast don't get in bad mood because something did not worked. Stupid person will get smarter only with actions smart person who think too much will stay only with knowledge what all ready have.

You shouldn't think that you'll win with your first trial but don't doubt it either because there are people doing it and you can be one of them. There are people that will have to invest in Bitcoin multiple time before making it while there are those that with their first trail they'll be lucky. We all have different paths to success and it doesn't have only one route so lets not be behaving like we must do this or that before we can become successful in life. There are some things that'll enhance your success but there are different blueprint to achieving success.

[Adbitco]

Do not think you gona hit success with first shot just swich off all your emotions do it fast make notes fast don't get in bad mood because something did not worked. Stupid person will get smarter only with actions smart person who think too much will stay only with knowledge what all ready have.

You shouldn't think that you'll win with your first trial but don't doubt it either because there are people doing it and you can be one of them. There are people that will have to invest in Bitcoin multiple time before making it while there are those that with their first trail they'll be lucky. We all have different paths to success and it doesn't have only one route so lets not be behaving like we must do this or that before we can become successful in life. There are some things that'll enhance your success but there are different blueprint to achieving success.

When talking of succeeding on bitcoin investment sometimes makes me feels as if its a kind of gambling, you know invest that doesn't guaranteed someone becoming successful often seems to be gambling and that is not a gambling, what is needed to becoming successful in bitcoin investment is to be patient and to choose the right investment strategies to succeed. Although it seems that I just jump into the discussion but most times it doesn't work that because we must look for something the could favor us to venture, one must not only rely on bitcoin investment to become successful in life. They can look at for elsewhere where they think they are very good at it, maybe some people often go to acquire skills and if they successfully acquires it they could get employed and start their jobs from there they become successfully through what they have learnt.

[mirakal]

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.

Trading can definitely make an individual rich, but that would only be possible for traders who have excellent skills and strategies to come up with consistent trading profits. However, if you have a high paying stable job and at the same time a skillful trader, most likely the rate to succeed and become rich in short time is highly possible. But I believe that would take a lot of efforts and learning process before you will see yourself successful in both aspects.

[Churchillvv]

There is one quote I have seen few times and this what it says " Motivation keeps you going but actions keeps you growing" what does that mean? Action speaks louder than voices, it's best for one to be fully in action that keep getting motivations which is not put into practice.

I believe that the ability to take action after acquiring knowledge is what mades up wisdom or it's the real definition of wisdom. Is not enough to acquire knowledge or it's not enough to get motivation but it's better to acquire the knowledge in the process of taking actions.
And that's one characteristics of a successful man. There are fascinated by actions not to promises.

[MissNonFall9]

You need to take action and learn from the mistakes
Knowledge come only from experince.

You can read books listen all the gurus, but it's nothing compared with your own experince.
Instead of reading the books or listening the gurus learn the basics and start action make some moves because you will need to be ready to make mistakes don't take this emotionally be with mindset that you gona have nice long 3 years of working with something make mistakes don't think about them too much just make notes what went wrong and move on dont make same mistake try new way.
At the end you will have a lot experince base to see what did worked and what did not worked out.

Do not think you gona hit success with first shot just swich off all your emotions do it fast make notes fast don't get in bad mood because something did not worked
Stupid person will get smarter only with actions smart person who think too much will stay only with knowledge what all ready have.
Instead of thinking just make moves and you learn on the way the knowledge mixed with experince is what makes CEO-s that's why no matter how good is your degree of something your new work place think you have value only If you have real experinces.

Think something that experinces are like gift once you have them even bad ones your value will increase therefor your personal market value will be also higher.

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.

Those who learn from life's mistakes are the ones who succeed and that is the real learning. This is why I say there is nothing wrong in life, there are only two things one experience and two crimes. That is, when a person does not learn from a mistake and does that mistake again, then it is no longer a mistake or an experience, then I call it a crime. So we have to be mentally prepared to face any adverse environment and learn from it and take the next necessary steps.

[oktana]

I agree with experience. Personally, I am not good at reading books but I have various experiences. And I see experiences as process/progress. There no wealthy person who did not pass through different processes in life. It’s okay to be scared that you could fail but understand that even failure itself is part of the process.

[kryptqnick]

It's important to take action occasionally, I agree with that. But people often have to weigh their potential gains against potential risks, and they often can't afford to take big risks because they have other people (such as their children) relying on them for support.
There is no recipe to being wealthy, and a lot depends on one's starting point, luck, and connections.
So while I support the idea of making mistakes and learning from them, I also think people should have some plan B and not go all in on risky business ideas that might, if they fail, ruin their lives and the lives of those around them.

[Marvell1]

I agree with experience. Personally, I am not good at reading books but I have various experiences. And I see experiences as process/progress. There no wealthy person who did not pass through different processes in life. It’s okay to be scared that you could fail but understand that even failure itself is part of the process.

I also don't like reading too many books, especially books that teach us to get rich. For me, they don't work because I think everyone's life is different and the obstacles we face are different. We can look at their success to make efforts, but don't try to copy their success formula, that formula may work for them but may not work for us.

When talking about real life, I think experience is something we should have and to gain experience we must take action. Take action immediately, don't make plans without doing anything, and always get up after every failure, we will definitely grow more mature and have experiences that money cannot buy.

[0t3p0t]

Well yeah effort really matter in achieving our goal to financial freedom and of course it should always comes with knowledge and patience because without all that we are nothing but a piece crap that doesn't even care about giving ourselves and our family the chance to live decent and comfortable life especially those who are in the lower class in the society like me.

[KingsDen]

I believe that the ability to take action after acquiring knowledge is what mades up wisdom or it's the real definition of wisdom. Is not enough to acquire knowledge or it's not enough to get motivation but it's better to acquire the knowledge in the process of taking actions.
And that's one characteristics of a successful man. There are fascinated by actions not to promises.

It is fine that you have acknowledged that one need to first acquire some knowledge before they will begin to take action. The man who has no knowledge, idea or experience about something but begins by taking action at rightly might likely fail. This is why learning should not be underrated and it is only when one must have learned a lot that they begin to earn.

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.

The place of experience cannot be underrated in investment. An inexperienced investor is tantamount to losing while an experience investor could make good fortune from his investment. How do we get experience, first by trying. But we should not wait to try everything ourselves and make alot of mistakes before learning from our mistakes. It is permitted to also learn from others mistakes.

[alastantiger]

I agree because everything you can read in books are all theoretical but the real world is full of different kinds of factors that could influence how a specific situation plays out. This is why no one nor anything can prepare you to million different kinds of different situations to happen in real life.

When I was an ungraduate in college I would read a lot of books by Brian Tracy on sales. I wanted to be rich I wanted to be wealthy. From Brian Tracy, I will read all of Robert kiyosaki's books. I would soon find out that head knowledge doesn't translate to wealth and that you have to go out there and apply what you have read. Shockingly this books where only adapted for the American situation and not for my reality. Sooner, I began to take action based on the reality of things and not from books. So I did the reverse. I worked then I read. And started to read more on wealth from folks who achieved it and authored books in my place.  That was a big motivation, see people like me achieve it.

[GeorgeJohn]

For you to be wealthy in life what you really need is a good strategies to operate because many people today has been a victim of different challenges because of lack of concentration and the strategy to know some certain things that will up lifts you, so I'm not against it in all means I know quite well that time be successful is very difficult unless you are opportune to gather an accurate information that will uplift you.

[serjent05]

For you to be wealthy in life what you really need is a good strategies to operate because many people today has been a victim of different challenges because of lack of concentration and the strategy to know some certain things that will up lifts you, so I'm not against it in all means I know quite well that time be successful is very difficult unless you are opportune to gather an accurate information that will uplift you.

To be wealthy one must establish a continuous event where an input is greater than an output.  This means after all the spending there should always be an extra money left.  The bigger the better.  It all comes down to financial management after all strategies and the source of income is established. Working hard will surely give us benefit and may earn us money for our daily needs but it is not enough, it should be coupled with working smart, time management and financial management along with savings and smart investments that can exponentially grow our money.

When I was an ungraduate in college I would read a lot of books by Brian Tracy on sales. I wanted to be rich I wanted to be wealthy. From Brian Tracy, I will read all of Robert kiyosaki's books. I would soon find out that head knowledge doesn't translate to wealth and that you have to go out there and apply what you have read. Shockingly this books where only adapted for the American situation and not for my reality. Sooner, I began to take action based on the reality of things and not from books. So I did the reverse. I worked then I read. And started to read more on wealth from folks who achieved it and authored books in my place.  That was a big motivation, see people like me achieve it.

Most of Robers Kiyosaki's books are for mind conditioning but it never truly reveals the true process of being rich.  At the end of the day it is still the reader that has to figure out what to do to achieve their goal.

[Adbitco]

For you to be wealthy in life what you really need is a good strategies to operate because many people today has been a victim of different challenges because of lack of concentration and the strategy to know some certain things that will up lifts you, so I'm not against it in all means I know quite well that time be successful is very difficult unless you are opportune to gather an accurate information that will uplift you.

Becoming wealthy is from our various life which we lived, people are becoming successful today is because of how creative they are and how determined they seems to be otherwise getting wealth could have been a very difficult thing to say. Most times information gotten can be of help but when the information is not utilize are right time the person might still become successful that's why I said becoming Wealthy is a thing of choice from various individual because there are people whom are so lazy to utilize some information gotten except it's something that is being prepared and called to have full control before you could see them becoming successful through it.

[Smartvirus]

You need to take action and learn from the mistakes
Knowledge come only from experince.

You can read books listen all the gurus, but it's nothing compared with your own experince.
Instead of reading the books or listening the gurus learn the basics and start action make some moves because you will need to be ready to make mistakes don't take this emotionally be with mindset that you gona have nice long 3 years of working with something make mistakes don't think about them too much just make notes what went wrong and move on dont make same mistake try new way.

If the second line of your write up goes to prove anything, it proves that knowledge doesn’t come from experience only. You don’t need to experience everything before you know them.

I don’t know if you really did read most of what you wrote there but, am greatly surprised that you said, instead of having to read books or listen to gurus, learn the basics…
How do you learn by not reading or listening to someone at some point?
These are learning phases of you didn’t realize that. Reading, writing and listening are a very vital learning phase that would guide you in what ever action you hope to action after you must have learned. As much as you would want to practice what is been taught to you, your theoretical phase is very important, never underestimate that.

You don’t also need to make a mistake in other to learn, you can also learn from other people’s mistakes.

[MissNonFall9]

I agree with experience. Personally, I am not good at reading books but I have various experiences. And I see experiences as process/progress. There no wealthy person who did not pass through different processes in life. It’s okay to be scared that you could fail but understand that even failure itself is part of the process.

Those who learn from the mistakes made in life will definitely be in progress. Reality is a hard thing only those who can accept this reality and live accordingly are successful. So take failure as a path to progress in life and move forward no one or nothing can stop you from succeeding.

[poodle63]

For you to be wealthy in life what you really need is a good strategies to operate because many people today has been a victim of different challenges because of lack of concentration and the strategy to know some certain things that will up lifts you, so I'm not against it in all means I know quite well that time be successful is very difficult unless you are opportune to gather an accurate information that will uplift you.

strategy matter only when you have all the prerequisites that you need to be having before hand though.
other wise you won't even have the chance to take advantage of your long brewed strategy because what is a strategy that can't be used due to lack of resources.
but its true that strategy is essential in making wealth, later on, once we already few steps into making wealth, strategy becomes necessary.

Well yeah effort really matter in achieving our goal to financial freedom and of course it should always comes with knowledge and patience because without all that we are nothing but a piece crap that doesn't even care about giving ourselves and our family the chance to live decent and comfortable life especially those who are in the lower class in the society like me.

its harsh world the poor get stomped like there's tomorrow, the only way to climb up is through hardwork and effort, the poor might not have capital but they always can find scholarship to upgrade themselves and get that good enough paying job then build their way from there up to the top that is the only way.
because with lack of capital means lack of chance to start out a business means the poor already few steps behind the rich even from the very beginning.

[Furious 7]

I agree with experience. Personally, I am not good at reading books but I have various experiences. And I see experiences as process/progress. There no wealthy person who did not pass through different processes in life. It’s okay to be scared that you could fail but understand that even failure itself is part of the process.

Those who learn from the mistakes made in life will definitely be in progress. Reality is a hard thing only those who can accept this reality and live accordingly are successful. So take failure as a path to progress in life and move forward no one or nothing can stop you from succeeding.

As you said reality is not easy so in this case when someone wants a situation that is indeed favorable and makes them successful in the end experience is important but it is only a small part of the resulting impact because in the end what happens when you really want to succeed it is not only about experience but other factors become decisive where we also have to be able to build relationships well and resources that are not easily shaken from the start so in this case planning is an important thing.

Many people talk about success but not everyone can do it because luck factors, financial factors, relationships and good plans must be combined so that all become a unity that can support us to live life well and we can consider success even though it is our own version of success.