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Author Topic: Things to avoid if you want to be rich.  (Read 1468 times)
Princess Leah (OP)
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August 09, 2024, 07:15:27 AM
 #1

 Procrastination: I call this the slow killer of destiny, it has caused setback for many people, there are some life changing opportunities that occurs just once and many have failed to seize it, why? Cause of Procrastination. Well, one of the best ways to tackle it is to set target, implement your goals and work towards actualizing it.

 Wrong circle of friends: Your circle of friends could determine your level of success, there's this advice my dad always use to motivate us, he said a poor person in the circle of five rich people is a potential rich person, and that's cause the person would get informations or help from other friends to elevate him/her. One mustn't only consider rich friends but atleast your circle of friends should be with people who's got the mindset of acquiring wealth and are working towards achieving it.

 Fear of failure: The fear of failure has caused setback to many people, once someone kill there fears and go into a business, investment or project with the mind-set of success such person is bound to succeed so far they're working hard enough but once fear is entertained it could cause the person to easily give up on actualising their dreams.

 Fear of risk taking: Taking risk could be harmful if not calculated but not taking risk is even worst cause their are many opportunities involved in taking risks, a good percentage of successful people today are risk takers, so I believe the journey to success still requires taking risks.

 I believe there's lots more, but these are the ones I could think of however you could add more if you know any cause I believe these informations could serve as a motivations to some people who would come across this thread.
 
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August 09, 2024, 07:37:46 AM
 #2

I believe there's lots more, but these are the ones I could think of however you could add more if you know any cause I believe these informations could serve as a motivations to some people who would come across this thread.
Procrastination is a thief of time. It has made many people lose opportunities that would have made them move forward financially. To avoid procrastination, if you have any idea, don't wait for the ideal time to begin; start with what you have. Perfection is good but starting with what you have before moving towards perfection is important.

Hang out with people who have a positive mentality. Don't befriend people who believe that success is a product of luck. The Technology/IT/AI sector seems to have plenty of opportunities to be prosperous. It will not be a bad idea to hang out with people who know current and even future trends in the sector.

There is no safe business in this world. Every successful businessman took risks, and they also failed many times. It is more risky not to take risks. It is usually said that the bigger the risk the higher the profit. It is better to try and fail than not to try at all. Failure gives you more experience and helps you not to make the same mistakes.

Let me add diligence, teamwork, persistence, and teachability. To be successful, you need to take your work seriously and work hard. Learn to connect and communicate with business partners and clients. You should build a good personal relationship with people. Even if you fail many times, keep on trying if you are convinced that you are on the right track. Be always willing to learn. Be open to new ideas and don't be too rigid.

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August 09, 2024, 08:14:20 AM
 #3

Things to avoid if you want to be rich: Believing you will become rich after you avoid something that will cost you money, follow the rich and focus on self improvement.

There's no rule to become rich, if Warren Buffet get rich from investing on stock, Jeff Bezos get rich from creating Amazon, Mark Zuckerberg get rich from creating Facebook. It doesn't mean you will get rich after investing in stock, creating the next Amazon, or creating the next Facebook.

Getting rich is all about luck, but working hard at least make your life better.

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August 09, 2024, 08:54:46 AM
Last edit: August 09, 2024, 09:19:08 AM by Princess Leah
 #4

Things to avoid if you want to be rich: Believing you will become rich after you avoid something that will cost you money, follow the rich and focus on self improvement.

There's no rule to become rich, if Warren Buffet get rich from investing on stock, Jeff Bezos get rich from creating Amazon, Mark Zuckerberg get rich from creating Facebook. It doesn't mean you will get rich after investing in stock, creating the next Amazon, or creating the next Facebook.

Getting rich is all about luck, but working hard at least make your life better.
Sometimes it's good to not argue with points you're not very sure about, who told you there are no rules to becoming rich, for someone to become rich there are certain things the person must do or have and the most important of them is discipline, then hardwork before others, every successful investor and business person knows this, they know the sacrifices it takes to get to that level.

 Those successful people you mentioned might have been made through diverse ways, but that doesn't leave behind the fact they undergo certain stages before getting to that point they're currently and even though some rich people acquired generational wealth there are still certain things required to keep maintaining a wealthy profile.

 Getting rich is not generally about luck, though luck plays a role but hardwork plays a bigger role, self motivation, discipline, risk taking and many others still got their roles to play for one to acquire wealth, according to a research I made, it says to become rich one has to learn, earn, spend wisely, invest and also avoid being in debt too often so I put it to you that there are rules to becoming rich.
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August 09, 2024, 09:02:16 AM
 #5

Procrastination: I call this the slow killer of destiny, it has caused setback for many people, there are some life changing opportunities that occurs just once and many have failed to seize it, why? Cause of Procrastination. Well, one of the best ways to tackle it is to set target, implement your goals and work towards actualizing it.

 Wrong circle of friends: Your circle of friends could determine your level of success, there's this advice my dad always use to motivate us, he said a poor person in the circle of five rich people is a potential rich person, and that's cause the person would get informations or help from other friends to elevate him/her. One mustn't only consider rich friends but atleast your circle of friends should be with people who's got the mindset of acquiring wealth and are working towards achieving it.

 Fear of failure: The fear of failure has caused setback to many people, once someone kill there fears and go into a business, investment or project with the mind-set of success such person is bound to succeed so far they're working hard enough but once fear is entertained it could cause the person to easily give up on actualising their dreams.

 Fear of risk taking: Taking risk could be harmful if not calculated but not taking risk is even worst cause their are many opportunities involved in taking risks, a good percentage of successful people today are risk takers, so I believe the journey to success still requires taking risks.

 I believe there's lots more, but these are the ones I could think of however you could add more if you know any cause I believe these informations could serve as a motivations to some people who would come across this thread.
 

These are actually very important points to take note of, procrastination can be the downfall of every man that strives for successful life, there are steps you might have planned to take in order to leave your current situation but due to procrastination you might not make that  move on time, if you have an idea or you want to do something do it without hesitation and postponing
Following the wrong friends too is also something that can bring anyone down, in life we can actually be uplifted by the people around us
It's important to choose our friends carefully, networking is important, make friends that have business ideas

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August 09, 2024, 10:39:53 AM
Merited by lovesmayfamilis (1)
 #6

Quote
Things to avoid if you want to be rich.

There is no universal formula that will lead us all to wealth or success, everyone has different circumstances and starting points, so there will be different formulas.

My advice, you should focus on your plan and life and find ways to get rich your way. Don't give advice or teach others to get rich, or teach rich people how to spend money while we are not rich and have never experienced that wealth.

If you really want to help someone or the community, you should share your experiences instead of getting general information online when anyone can find them easily.

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August 09, 2024, 10:54:56 AM
 #7

OP, no offense, I skimmed through your posts. Now, after creating this thread, I have a question: Are your lessons based on personal experience? Have you gone through the entire path you teach? Does that mean you are rich? Can I think of that?

 Quote your post:
A lot things in life could be easier said than done, like securing a good job in an uncivilised environment, quit smoking, living the life of a super star, ....bla bla

In fact, all of this has been online for a long time, all these motivational lessons, and so on. But forgive me, OP; it's just funny to see when people start teaching things they are not educated in. Is it possible to have more life experience and not hackneyed phrases about procrastination?

Tell us how you became rich based on all your posts.

I'm just sure that the OP is simply paraphrasing AI posts and passing them off as his own knowledge. Sad

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August 09, 2024, 11:26:52 AM
 #8

OP, no offense, I skimmed through your posts. Now, after creating this thread, I have a question: Are your lessons based on personal experience? Have you gone through the entire path you teach? Does that mean you are rich? Can I think of that?

 Quote your post:
A lot things in life could be easier said than done, like securing a good job in an uncivilised environment, quit smoking, living the life of a super star, ....bla bla

In fact, all of this has been online for a long time, all these motivational lessons, and so on. But forgive me, OP; it's just funny to see when people start teaching things they are not educated in. Is it possible to have more life experience and not hackneyed phrases about procrastination?

Tell us how you became rich based on all your posts.

I'm just sure that the OP is simply paraphrasing AI posts and passing them off as his own knowledge. Sad
This thread is not centered on whether i am rich or not, but to motivate people on their journey towards success, I might not be as wealthy as some people here in the forum, but by God's grace, I've been opportuned to manage my dad's real estate business and if I wasn't disciplined enough to manage it, i would've probably squandered the funds that comes from the business like most people do.

 Talking about an uncivilised environment, who says everyone living in 3rd world countries are poor? Yes majority might having issues in getting ends meet but I want to correct the impression that it's not for everyone.
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August 09, 2024, 11:46:05 AM
 #9

It is just like Robert kiyosaki writing a book rich dad poor dad as if getting rich is automatic when you read and follow what examples or ideas on the book. Sometimes, it doesn't just end with who you are friends with because if you are friends with the wealthy and you are not prepared with wealth creation and sustainability, you will find yourself crashing back after you have climbed with the financial support you get.

What is important for me is personal reformation growth to live ready for opportunity.
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August 09, 2024, 12:02:11 PM
 #10

To become rich avoid excessive spending on non-essential items, laziness & negative influences. Steer clear of debt traps like as high interest loans & credit card debt. Avoid toxic relationships that drain your energy & motivation. Always resist the temptation to chase quick money schemes, focus on sustainable, long-term investments instead. Embrace discipline & a strong mindset for lasting wealth.

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August 09, 2024, 12:09:51 PM
 #11

It's very important to figure things to be avoided as much we also beseech on things to when we outreaches for richness.
Negligence to understand to only focus on what would make you reach without minding what could be a setback towards your enrichment goals would always be a hindrance to achieve those goals.
Being noted, it's required that while we strive on getting rich, living below our incomes will help our savings to grow that we might not be able to get the best of our dream life in a main time. That's the necessity to cut cost of living not to live beyond our incomes should be noted.
Understand the ethics of the particular sector where your income is depended so that you don't you can stand on a good risk management.

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August 09, 2024, 12:24:18 PM
 #12

OP, no offense, I skimmed through your posts. Now, after creating this thread, I have a question: Are your lessons based on personal experience? Have you gone through the entire path you teach? Does that mean you are rich? Can I think of that?

 Quote your post:
A lot things in life could be easier said than done, like securing a good job in an uncivilised environment, quit smoking, living the life of a super star, ....bla bla

In fact, all of this has been online for a long time, all these motivational lessons, and so on. But forgive me, OP; it's just funny to see when people start teaching things they are not educated in. Is it possible to have more life experience and not hackneyed phrases about procrastination?

Tell us how you became rich based on all your posts.

I'm just sure that the OP is simply paraphrasing AI posts and passing them off as his own knowledge. Sad
This thread is not centered on whether i am rich or not, but to motivate people on their journey towards success, I might not be as wealthy as some people here in the forum, but by God's grace, I've been opportuned to manage my dad's real estate business and if I wasn't disciplined enough to manage it, i would've probably squandered the funds that comes from the business like most people do.

 Talking about an uncivilised environment, who says everyone living in 3rd world countries are poor? Yes majority might having issues in getting ends meet but I want to correct the impression that it's not for everyone.

OP, that's the point; saying and doing it are different things. Theory should always go hand in hand with practice; that's why I'm asking for personal experience, not fancy slogans. If you only speak slogans, nothing will happen; everyone knows how to read, as was said by Robert Kiyosaki and Napoleon Hill, as well as a hundred similar writers of motivators. But the problem is that ordinary appeals do not work; everyone has their way, and here on the forum, there are tons of similar posts. However, show me someone who follows the points you described. If you do not understand my message, I will say that the post is useless. The Internet is full of this rubbish; why is it here?

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August 09, 2024, 12:26:33 PM
 #13

The most important thing that I see people do is that if they remove this habit, they will really excel in what they are doing. It is the automatic negative thoughts that come up all the time in that programming in your mind. This would translate into reality. You are harmful if you always think you are what you say.

It’s better to say positive things and make yourself that positive; it is like conditioning yourself as well.

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August 09, 2024, 12:49:06 PM
 #14



 I believe there's lots more, but these are the ones I could think of however you could add more if you know any cause I believe these informations could serve as a motivations to some people who would come across this thread.
 
It really depends on the mindset of the person, because if you want to reach something big, you will have to avoid things that may cause you trouble that will affect the direction of your plan. As we know, many people are working hard but are still not rich because they are not working smart.

Our future lies in our actions today, not just in our plans. It is impossible to become rich, but of course, we also have to change the way we think and plan our future. Learning things that may help us is necessary because it is a tool for reaching our goals. 

Most importantly, we believe in ourselves that we can do it better than we think others can. 

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August 09, 2024, 01:00:11 PM
 #15


 Fear of risk taking: Taking risk could be harmful if not calculated but not taking risk is even worst cause their are many opportunities involved in taking risks, a good percentage of successful people today are risk takers, so I believe the journey to success still requires taking risks.

Risk taking is a very important one as I have seen some persons who were once poor but they are now rich and wealthy because they are risk takers. Sometimes we just have risk something in other to achieved success,though they is no guarantee that every very risk takers will be successful  but sometimes we just have to try.
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August 09, 2024, 02:34:59 PM
 #16

Procrastination
Wrong circle of friends
Fear of failure
Fear of risk taking
I agree with the 4 points above and it is undeniable that procrastination is an activity that makes you lag behind others who work 2x harder than those who put aside opportunities as if they will come back tomorrow. The point is to do it now while you can otherwise someone else will take it. Competing in increasing your productivity is the best way to achieve success. Maybe I want to add some points like getting out of the rules and creating your own freedom to control the situation, don't let yourself be controlled. Become a leader even when everyone doubts our self-confidence.

Have I personally been able to do all that? of course not, because as humans sometimes lazy, at the lowest point, confused to decide, and not a few feel fed up with situations that seem unfair.

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August 09, 2024, 03:02:53 PM
 #17

Fear of risk taking: Taking risk could be harmful if not calculated but not taking risk is even worst cause their are many opportunities involved in taking risks, a good percentage of successful people today are risk takers, so I believe the journey to success still requires taking risks.

 I believe there's lots more, but these are the ones I could think of however you could add more if you know any cause I believe these informations could serve as a motivations to some people who would come across this thread.
 

All the four points you’ve listed are valid points and they are all playing a vital role in anyone that ones to become rich. You have to work on this four things in order to be successful today. The fear of them can make you limit your capabilities and won’t make you achieve anything in the end even when time seems not to be by your side anymore. Fear of risk taking is also important to address very well because it has two things in them, you either risk to win or risk to learn, you can only get better with it. The risk taking could also be in some instances what you can afford to risk and not all of it, but if you’re determined and won’t stop taking the risk, you’ll one day make a fortune out of the many risks you’ve taken to be better and rich in the future.

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August 09, 2024, 03:35:51 PM
 #18

Avoid wasting of Resources, those who make use of their time on things that are not worth it will definitely know how it pains when they are in lacking of what they used to have before, one thing about wasting resources also is that, we may not know about the consequences now until it has gotten to a certain stage where its been made visible for us to see, resources are meant to be conserved, if we really know about the pattern needed or to use on this aspect about whatever some in to our hands.

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August 09, 2024, 04:09:07 PM
 #19

I think it's good to try to obtain good education and to get a fairly decent job (even if low-paying), because those can be places to establish good connections and move up in social vertical mobility. But I don't like the idea of trying to be friends with rich people to become rich. Friends should be chosen for other qualities.
Then the fears of risk and of failure might actually be helpful in certain situations, so that the person doesn't go all-in and ends up losing everything or ending up in huge debt.
It's important to assess the risks and the consequences of failure, so that decisions are made rationally.

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August 09, 2024, 04:18:47 PM
 #20

Becoming successful doesn't even mean one must tie themselves with the rich circle before getting prosperous in life but what I usually says is that rich or becoming wealthy is from the state of mind and not the people role yourself with. There are many people who had the opportunity to be with some wealthy people but since they can't utilized the information gotten from them they still bounce back to square one where they came from because that mindset to recreate information given to them to be productive is where the problems lies.

What matters is determination, if you are determined to make success in life even though you found yourself in the poorest country you would still be Rich. For instance just take a look at our country Nigeria, there are lot of people who are crying about our economy today that is so bad but yet same country millionaire are emerging from it so does it mean that these people that are becoming wealthy has 100 heads or have all it takes to be wealthy? To me it's simply No because everyone nation has poor people and Rich people as well.

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