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Author Topic: Things to avoid if you want to be rich.  (Read 1468 times)
junder
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August 16, 2024, 06:40:16 AM
 #101

but that doesn't mean we have to make decisions in a hurry or in a hurry. whatever the circumstances we must be able to consider it first so as not to regret the results that will occur even though they are disappointing. it's natural when they are afraid to make decisions because in my opinion it is a natural trait so we must be able to consider it, what if we decide this and prepare to accept the results and vice versa what if we don't do anything at all whether we will be able to accept it or not.

taking big risks without thinking about the results is sometimes necessary. but this seems to lead to despair, because not considering it in my opinion is a mistake. the point is in my opinion don't rush when making decisions.
there is a saying that the sooner the better, but in my opinion this cannot be separated from considering it first.
Taking big risk also needs bigger consideration as well, the higher the risk, the lower you will drop yourself down if you seem to be careless and not considering the outcome first. While taking big risk could be sometimes necessary, but I say it's better to be prepared for it first and study the possible outcome, otherwise you will only take risk for nothing, and that will only result into failure and frustration when you know you can actually avoid it if you become cautious at first.
that's what I said, however we must be able to consider everything well. for people who are careful sometimes when they are going to do small things they consider it because they are very careful and careful people like this are very rare, the majority of people when doing small things do not consider it because it has become a common activity. especially when we are going to do or take a big risk of course considering is something that must be done, the risk is there but can be minimized by us anticipating it well.

moreover we know that what is expected from the results that will happen is something that should be positive but if we do not consider it most likely the results that occur are negative and make us upset or frustrated as you said. considering decision making will not make us lose, I am sure of that. when you want to be rich you must be able to do everything well not by doing it with only one eye open without thinking about the risks.

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August 16, 2024, 06:53:39 AM
 #102

I agree with you, yes, postponing an activity such as doing business and so on will certainly make it potentially difficult for us to achieve success because there are times when always postponing will no make good potential come a second time. and indeed by hanging out with smart people or friends it will bring us success as long as we also keep trying to be successful by discussing with them and finding out why our people or friends are successful and of course the point is that we take good things from people or our friends who  we the potential to become successful or more successful.

Indeed, having fear will of course have the potential to become a barrier in the business world because if there is fear before trying, of course it will make it difficult for someone to succeed because they don't have the courage and ultimately success will not be obtained. and indeed there is always a risk in any case and indeed if you don't dare to take risks it will definitely make it difficult to achieve success because of course the struggle of rich people before success always takes risks but with good calculations.

Your words are very good, I hope they are useful for everyone. Yes, the point is that there is an addition from me, namely that in my view the most important thing is that if you want to be successful, of course, one of the things you have to do is learn from experience when you fail and don't give up and continue to explore knowledge.

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August 16, 2024, 07:59:21 AM
 #103

Things to avoid if you want to be rich:
1) Avoid procrastination completely, you want to be rich in life avoid anything that will make you not to do the right thing to get a right result, because procrastination is a destiny killer and it will never make you rich no matter the effort you put in place.
2) Spending your funds anyhow, when you continue spending your funds to things that will not bring any income,  and if you continue to spend the funds without putting an end to it, it will be difficult for you to become rich for the rest of your life.
3) Avoid small capital in any investment if you want to be rich, this is what is making some people not to get rich no matter how good they are in the investment like the way other investors that use huge amount of capital to start investment and they are doing greatly well.

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August 16, 2024, 08:03:45 AM
 #104

Maybe the thing that should be done to be like the rich people is that we avoid the system that the poor people use, which is why they stay in the situation of being poor. Also, don't be like poor people who rely on quick schemes.

Avoid having the mindset that you might lose money when you build a business, even if you only have a small capital fund. Instead,  we should have a positive attitude and should not give up immediately when experiencing problems or trials in life.

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August 16, 2024, 08:43:05 AM
 #105

In this story, I think the fault lies on the person who established his business.  There may be some gap on his decision or possibly, his skill is not inline with the business he opened. There are lots of possibilities but I think it is more on the connection, skills, and choice of people around him.  Critical thinking and making decision on each situation are also important.  There are lots of factors that contribute to a business's success like strategic planning, proper financial management, good service and product quality, etc.. and missing some of them can lead to bankruptcy.
Man are you serious? starting a business isn't easy for someone who have good career, if they decide to start a business, they must be have calculated everything. No one want to jump into something that they didn't know, they've learn from businessmen and have some connections.

But, it's easier to be said than done.

Even you've calculate everything, there will be something that could happen which you never thought, no one experience it, or high unlikely to happen.

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August 16, 2024, 09:56:11 AM
 #106

Having positive thoughts alone won't make you rich, a lot of people have a positive energy and they also have big dreams but the failure to execute your plans to make money is still going to keep you in the same position... saying positive things is very important because our life goes in the direction of our words , that's just a step to development you have to put in the work, make some investments ,and expand your networking to actually become rich
Thoughts without more meaningful actions will indeed mean nothing because they only give birth to a fantasy that has no evidence at all. What is meant is that everyone must always have the will to act after making their own plans through their own way of thinking because everyone only has to care about themselves without having to care about others in anything, including in making money. What you said is also quite right to provide understanding to those who already have positive thoughts and have not acted more positively.

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August 16, 2024, 12:50:27 PM
 #107

Maybe the thing that should be done to be like the rich people is that we avoid the system that the poor people use, which is why they stay in the situation of being poor. Also, don't be like poor people who rely on quick schemes.

Avoid having the mindset that you might lose money when you build a business, even if you only have a small capital fund. Instead,  we should have a positive attitude and should not give up immediately when experiencing problems or trials in life.

What systems do the poor use? What are the quick schemes that the poor rely on? From what I see, I feel like you are discriminating against the poor, not necessarily offering a solution to escape poverty.

Not all poor people are bad, lazy or not worth interacting with...There are many reasons why a person becomes poor and cannot escape poverty, so we need to clearly understand their situation and not think that all poor people are not worthy of being friends.
No one here is qualified to give advice or teach others to get rich because we ourselves are looking for it, and we are even struggling with life. Therefore, teaching others to get rich or giving ideas to get rich for others is not what we should do, focusing on improving our lives is what we should do.

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August 16, 2024, 03:21:36 PM
 #108

People who succeed without considering the risks are people who have a large supply of capital, either through their own parents or through close relatives who already love them very much. So we don't really need to see this if we want to build wealth with our own abilities and knowledge in this world, because everything that is based on our own thoughts will usually be freer when we want to draw conclusions and decisions about what we want to do. So risk considerations must also be included in important things besides the level of knowledge and experience that we already have ourselves, although we also need to learn from the experiences of others who have been successful in this matter.
Is it possible that success can be achieved without considering risks even though they manage their parents' business? Now there is a lot of competition in the business world so it will be difficult for people to achieve success without considering risks. Especially if the business being managed is not well controlled, especially regarding promotion and sales issues. Business currently has quite a lot of competition and if someone doesn't have the skills to develop then I'm sure it will be difficult for them to develop.

There is a big business risk if someone does not understand development patterns and in the midst of developing technological conditions, if they do not keep up with the times, it will make it difficult for the business to progress. Apart from risk factors, intelligence is needed to develop a business and that is not easy to achieve when someone does not have the skills.

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August 16, 2024, 05:19:53 PM
 #109

I agree with you, yes, postponing an activity such as doing business and so on will certainly make it potentially difficult for us to achieve success because there are times when always postponing will no make good potential come a second time. and indeed by hanging out with smart people or friends it will bring us success as long as we also keep trying to be successful by discussing with them and finding out why our people or friends are successful and of course the point is that we take good things from people or our friends who  we the potential to become successful or more successful.

Indeed, having fear will of course have the potential to become a barrier in the business world because if there is fear before trying, of course it will make it difficult for someone to succeed because they don't have the courage and ultimately success will not be obtained. and indeed there is always a risk in any case and indeed if you don't dare to take risks it will definitely make it difficult to achieve success because of course the struggle of rich people before success always takes risks but with good calculations.

Your words are very good, I hope they are useful for everyone. Yes, the point is that there is an addition from me, namely that in my view the most important thing is that if you want to be successful, of course, one of the things you have to do is learn from experience when you fail and don't give up and continue to explore knowledge.
Look, chance does not knock twice. It's like a goddamn freight train - you either hop on or get run over. Knowledge is power. Know the state of the economy; predict changes; respond forcefully. Get lessons from those who have gone before. Not only do their behaviors but also their attitude

Fear is the enemy. You get paralyzed by it. It keeps you small. Conquer that fear; evaluate danger; then, act deliberately. Effective people are strategic; they are not irresponsible

Failure? It's inevitable. It's the universe's means of providing you with a crash education in reality. Adopt it. Use it to learn. Learn from it

Fast changes are happening in the world. either adapt or die. It's that straightforward

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August 16, 2024, 07:12:20 PM
 #110

People who succeed without considering the risks are people who have a large supply of capital, either through their own parents or through close relatives who already love them very much. So we don't really need to see this if we want to build wealth with our own abilities and knowledge in this world, because everything that is based on our own thoughts will usually be freer when we want to draw conclusions and decisions about what we want to do. So risk considerations must also be included in important things besides the level of knowledge and experience that we already have ourselves, although we also need to learn from the experiences of others who have been successful in this matter.
Is it possible that success can be achieved without considering risks even though they manage their parents' business? Now there is a lot of competition in the business world so it will be difficult for people to achieve success without considering risks. Especially if the business being managed is not well controlled, especially regarding promotion and sales issues. Business currently has quite a lot of competition and if someone doesn't have the skills to develop then I'm sure it will be difficult for them to develop.

There is a big business risk if someone does not understand development patterns and in the midst of developing technological conditions, if they do not keep up with the times, it will make it difficult for the business to progress. Apart from risk factors, intelligence is needed to develop a business and that is not easy to achieve when someone does not have the skills.
If things turns out to be inherited with those children then of course it would really be still need to be continued to be handled up well and just like said that this world is really that having those changes when it comes to technology and other aspects. You cant really just that make your business to be stagnant for it to become that outdated. Competition on certain industries would really be that high and this is why for those people who had been left out with those inheritance then it should be something to be continued on the right way. Rich people would really be having that passive income
via means about investment and business. If you wouldnt really be that making yourself that mindful about this aspect then sooner or later you would be able to find out that your
business is really been left out in the competition.

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August 16, 2024, 09:04:35 PM
 #111

Avoid having the mindset that you might lose money when you build a business, even if you only have a small capital fund. Instead,  we should have a positive attitude and should not give up immediately when experiencing problems or trials in life.
You said correct, In business both losses and gains are faced.  It is important that we do not shrink our hearts when there is loss.  Every loss is followed by a new opportunity from which more profits can be made.  If we are in loss today. we may gain tomorrow.  We should believe in ourselves that we can handle any situation.  Success in business comes from constant effort and patience.  Every loss is a new lesson which helps us move forward.  Always remember that profit and loss are part of business.  The path to success is only for those who have the courage to handle both.

R


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August 16, 2024, 09:50:35 PM
 #112

Avoid having the mindset that you might lose money when you build a business, even if you only have a small capital fund. Instead,  we should have a positive attitude and should not give up immediately when experiencing problems or trials in life.
This kind of thing will not be easy to build quickly because after all, until now what I believe is that mentality and mindset can be built from environmental factors even though there are other factors but of course environmental factors always have a role in this so that when we want a good mindset, apart from the friendship environment, we must also try as much as possible to think about environmental factors because this will affect in terms of mentality and desire.

Many people do not want to get out of their comfort zone even though for their own good it is based on those who do have a fear of getting out of that zone because indeed their mindset and environmental factors are not supportive so they will find it difficult to try something new and do not want to challenge themselves with risks that they should conquer as a form of process to make life better.

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August 16, 2024, 10:26:49 PM
 #113

I want to be rich you have to strategize well and make sure that you are innovative in life, despite that their is things that will hinder you spiritually not to be successful in life, but focus is one of the methods that gives joy and understanding of richness in life, different people will bring different ideas of cryptocurrency but I know very well that your strategy matters for you to be rich in life, so believe me, strategy matters but people will think that hard working is not the basic foundation of getting rich, so I know that you have to know things that's behind richness

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August 16, 2024, 10:34:48 PM
 #114

I think procrastination and the fear of risk taking are most often the two factors that should certainly be avoided if you have set your goal to become rich. No one can be rich without taking a calculated risk, and getting rich will not be made possible if in the first place you are afraid to take some risks. While there are risk to lose and eventually lose all your capital, but I really think everyone who are in the rich position nowadays have endured a lot of losses before and takes no shortcuts to getting rich.

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August 16, 2024, 11:21:40 PM
 #115

Things to avoid if you want to be rich:
1) Avoid procrastination completely, you want to be rich in life avoid anything that will make you not to do the right thing to get a right result, because procrastination is a destiny killer and it will never make you rich no matter the effort you put in place.
2) Spending your funds anyhow, when you continue spending your funds to things that will not bring any income,  and if you continue to spend the funds without putting an end to it, it will be difficult for you to become rich for the rest of your life.
3) Avoid small capital in any investment if you want to be rich, this is what is making some people not to get rich no matter how good they are in the investment like the way other investors that use huge amount of capital to start investment and they are doing greatly well.

4) Diversification of income sources: This is the most important principle that most successful investors rely on, and it means not relying on one source of income, no matter how high that income is. When a person relies on one source of income, he is vulnerable to market fluctuations and economic changes that may affect his income. By diversifying income sources, he can distribute risks across several investments or different sources of income, which reduces the possibility of total loss. This also gives a person more opportunities to achieve greater growth, as he can benefit from various economic sectors and achieve profits in different circumstances.

R


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August 17, 2024, 08:37:10 AM
 #116

I think procrastination and the fear of risk taking are most often the two factors that should certainly be avoided if you have set your goal to become rich. No one can be rich without taking a calculated risk, and getting rich will not be made possible if in the first place you are afraid to take some risks. While there are risk to lose and eventually lose all your capital, but I really think everyone who are in the rich position nowadays have endured a lot of losses before and takes no shortcuts to getting rich.
I think for calculated risk, this is done by those who have been done taking other risk first with either investment or business. But those that have total zero knowledge about taking risks, they're more eager and brave in taking risk because they have nothing to protect for themselves and they just go all out and believes to what they're doing.

But those that have done well enough and understand how taking risk goes, they have to take calculated risk and won't just go all out anymore. So, the risk is there for the first timers and they have the idea that this is like all out or nothing but they have nothing to lose but will gain more experience that will lead them to a better understanding on how the rich becomes richer and how they are taking risk based on how much they have.

Procrastination has a big factor for those aspiring rich folks. When they've got a good idea and have good plans but never done anything towards it and remains laggard to themselves instead of making it happen.

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August 17, 2024, 08:43:27 AM
Last edit: August 18, 2024, 08:30:48 PM by Oluwa-btc
 #117

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.

You know alot of people can actually follow this rules and still end up being poor!? So what's the cause or Remedy to avert that.
Yes I would say all of this criterias you've mentioned are very much sufficient in making anyone rich but I think being rich doesn't literally depends on that.

What Matters aside not procrastinating, choosing the right circle of friends, taking risks and so on is your determination,alot of individuals find themselves abiding by this rules but the fact that they ain't determine to take on the task of becoming rich pends the ability for them to achieve that speedily,and another is believing in your self.
When you don't believe you can be rich, there's no magic from anywhere to make you rich.so you have to Believe you can actually make it having followed all this rules and also be determined to face anything upfront.

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lizarder
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August 17, 2024, 04:43:49 PM
 #118

If things turns out to be inherited with those children then of course it would really be still need to be continued to be handled up well and just like said that this world is really that having those changes when it comes to technology and other aspects. You cant really just that make your business to be stagnant for it to become that outdated. Competition on certain industries would really be that high and this is why for those people who had been left out with those inheritance then it should be something to be continued on the right way. Rich people would really be having that passive income
via means about investment and business. If you wouldnt really be that making yourself that mindful about this aspect then sooner or later you would be able to find out that your
business is really been left out in the competition.
There are many aspects that have changed because humans have to keep up with the times and business cannot always be run with the same pattern. For example, in the past, people running businesses did not use media as a promotional step, but now the times require promotion to be carried out using many available styles and platforms. A child can handle a business well if he has skills and that is why parents need to teach children how to be responsible for the work they do or are involved in.

Competition in the business world is also increasing where people have to really understand how to do it. If not, it is not impossible that the business you are running will experience a setback and result in bankruptcy. It is not easy to run a business amidst the development of technology or the internet because if someone does not have the ability to develop it will make the business not run well.

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August 17, 2024, 08:16:21 PM
 #119

Things to avoid if you want to be rich:
1) Avoid procrastination completely, you want to be rich in life avoid anything that will make you not to do the right thing to get a right result, because procrastination is a destiny killer and it will never make you rich no matter the effort you put in place.
2) Spending your funds anyhow, when you continue spending your funds to things that will not bring any income,  and if you continue to spend the funds without putting an end to it, it will be difficult for you to become rich for the rest of your life.
3) Avoid small capital in any investment if you want to be rich, this is what is making some people not to get rich no matter how good they are in the investment like the way other investors that use huge amount of capital to start investment and they are doing greatly well.

You can only make this kind of decision when you are already rich and aside been rich this are steps you can use also before you become rich because procrastination is intertwined with laziness so the moment you can beat procrastination you are one step to making your life better, one of the things that have killed a lot of dreams is not more than procrastinating because, avoid spend anyhow is also a good thing because things are very expensive even if you want to invest some money you can save some for your upkeep, savings is very important so that you don't bother anyone for money, you have your own self respect to protect. The case of capital I think you invest what you have and that is why you will need to plan early you will be able to meet up with your budget, but it's a very good advice when you actually start with a big capital, but you don't have a huge amount just start with what you have, at least the amount you are getting from their should not be a problem small beginnings are not to be underestimated.

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August 18, 2024, 09:47:28 AM
 #120

I think the most important thing is greed. If you are greedy, you can never be rich.
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