without investments would there be wealthy?

[slapper]

One cannot be successful without investment. Before investing, a person must go through a stage where in order to be successful, that person must develop his skills and experience. When a person is able to increase his skills at the initial level, he can prepare himself for investment. Investing without these skills and development will increase the chances of losing.

If a person wants to invest, he has to save money, and to save that money, he must be involved in some work. If he has skills, then he will be able to save money through that work, as well as be able to create both knowledge and money to invest. In investment, you cannot profit only with money. If you lack knowledge related to investment, there is a possibility of losing more from investment. If someone wants to enrich himself financially after gaining knowledge and experience, then there is no alternative to investment.

Nobody likes to admit how much surviving, let alone “investing”, depends on invisible safety nets. You say knowledge and skills are the path, but look around: plenty of experts still end up broke, plenty of clueless people get rich. Market logic isn’t morality. The obsession with “invest first, profit later” skips all the detours: burnout, self-doubt, societal turbulence. People invest in crypto, real estate, their own burnout, other people’s approval, their own sanity. Wealthy people invest in private networks, information flows, reputation management. 99% of that is never taught in skill-building bootcamps

And the whole “you must invest to get wealthy” line, sure, but what about not wanting to play that game? Most people want security, not infinity; they want enough to not care about the next bill. Maybe the more radical question is why we define value by financial growth at all. What about investing in a relationship, or your own sense of enough? Why does “wealth” always mean more, not better? It’s wild that the most secure people I know are the ones who stopped measuring everything in returns and started measuring in how free they feel

[_BlackStar]

-snip-

The important part of getting rich is not just how to get it, but protecting and hiding it. I agree that many people get rich in illegal ways, and therefore they also maintain it in the same way, hiding it from detection. People who get rich through other means also strive for the same goal, they learn to protect their wealth from paying large taxes. The current generation has an easier opportunity to get rich, by taking advantage of the developments on the Internet, especially social media. Becoming a content creator or influencer for example, by going viral, they have the potential to get rich suddenly.

Of course there are many ways to get rich regardless of whether they want to get rich cleanly or dirtyly. Corruptors get rich because of corruption - mafia gets rich because of their illegal business, some other people get rich because of their clean business and various other businesses. Content creators can get rich if they really work hard - as well as businessmen who are able to grow their business over time. But in my opinion - both will be able to multiply their money and protect it from inflation if they invest.

Investments have different purposes and some investors actually do it to fight inflation. They don't want to hold too much fiat - so the choice is to invest, regardless of which asset they think is profitable or safe in the long term.

[fruktik]

It's not everyone that invested that succeed through investment, so I think it should be what we are supposed to know because people who are successful today it doesn't mean that got it from investment, we need to understand such that investment is something we do to support life but doesn't necessarily mean that it give 100% right to make riches, because many people have failed because of investment and by investing wrongly, so for me investment is not the only avenue or source to be rich.

There is also a business that can also help you get richer. Many years ago, I made several attempts to start my own business, but something didn’t work out. I switched to studying information about investments. I liked this process more because there is no binding to a place. You can freely move around the world and control your investment portfolio at any time. In addition, now you don’t even have to carry a laptop or tablet with you. Everything is done in the application on the phone, which is incredibly convenient and simple.

[CryptoBuds]

It's not everyone that invested that succeed through investment, so I think it should be what we are supposed to know because people who are successful today it doesn't mean that got it from investment, we need to understand such that investment is something we do to support life but doesn't necessarily mean that it give 100% right to make riches, because many people have failed because of investment and by investing wrongly, so for me investment is not the only avenue or source to be rich.

There is also a business that can also help you get richer. Many years ago, I made several attempts to start my own business, but something didn’t work out. I switched to studying information about investments. I liked this process more because there is no binding to a place. You can freely move around the world and control your investment portfolio at any time. In addition, now you don’t even have to carry a laptop or tablet with you. Everything is done in the application on the phone, which is incredibly convenient and simple.

There are many ways to become rich, not just through investing or business. We have a lot of TikTokkers, YouTubers...who become rich by building their own brand, or people who become rich by building skills or leveraging their talents like soccer players, singers or boxers, other sports...It can be said that there are many ways to help us become rich and there are many rich people in the world without having to invest and do business. We don't have to limit ourselves to the mindset that only investing or business can bring wealth.

Wealth is determined by a person's choices and efforts, not by a particular profession or field.

[Leahized]

It's not everyone that invested that succeed through investment, so I think it should be what we are supposed to know because people who are successful today it doesn't mean that got it from investment, we need to understand such that investment is something we do to support life but doesn't necessarily mean that it give 100% right to make riches, because many people have failed because of investment and by investing wrongly, so for me investment is not the only avenue or source to be rich.

There is also a business that can also help you get richer. Many years ago, I made several attempts to start my own business, but something didn’t work out. I switched to studying information about investments. I liked this process more because there is no binding to a place. You can freely move around the world and control your investment portfolio at any time. In addition, now you don’t even have to carry a laptop or tablet with you. Everything is done in the application on the phone, which is incredibly convenient and simple.

Without investing, it is possible to be rich, it should all be verified in different ways of how many pieces it is. Investment is possible in many ways. I see a lot of investors want to succeed in spending a lot of money but they don't know the definition of being successful or rich. So they are more than failing than success. The main weapon of the rich is to work hard and apply knowledge properly. If someone applies one between the two, then his success is very difficult. For example, the donkey works a lot but the donkey has no success. So spend the money properly and work hard to succeed.

[rachael9385]

There is not only one factor to consider in becoming wealthy, it is so many, discipline is one of them that quite a lot of people fail to mention, learning from people who have become wealthy before you is also another one, etc.

That said, if you want to become wealthy, you have to invest, but mind you that there are different types of investment, investing in yourself and your skills is one very important type of investment. Then you should also invest in appreciating assets and benefit from the magic of compound interest. It takes a lot to become wealthy, that is why you don't see rich individuals in every corner you look.

Investing in appreciating assets is what can make you stable in the future but a lot of people are stuck on the present because they are not looking at the bigger picture. People that invested in Bitcoin years ago are now financially stable. Most people are still waiting to have a huge capital to invest before they start but instead of doing that you can learn a skill and as you begin to make money you can start your journey

[STT]

“If you don't find a way to make money while you sleep, you will work until you die.”

Seems relevant to the topic, its the modern plight that you cant just be a working man and support your family somehow you have to do the impossible to keep up at times or move away from the very expensive city areas that are true in many areas.

I can see why this would be, its deliberate bias towards assets and the undermining of common currency has favored the rich.  No matter what politics or any government says if giant debt loads continue, deficit budgets it has to be paid for with cheap money or the whole cycle collapses and nobody in politics is willing to take that hit on their term.
   Who would step up to serve a term, become unpopular and badly thought of perhaps forever because they actually did the right thing and reversed the giant debt build up, almost nobody will ever do that.   So that leaves continuation of this bias to giant assets and/or bonds etc. or collapse, society wont vote to be poorer and repay the debt so the cheap money and inflation must undermine people.
 The situation gifts the very rich with a subsidy imo and I very rarely hear this described this a consequence of the largest debt ever held by governments.

[Raflesia]

Investing in appreciating assets is what can make you stable in the future but a lot of people are stuck on the present because they are not looking at the bigger picture. People that invested in Bitcoin years ago are now financially stable. Most people are still waiting to have a huge capital to invest before they start but instead of doing that you can learn a skill and as you begin to make money you can start your journey

Some things that sometimes become a basic mistake where one of them is to wait and just follow the fomo without knowing what they want and want to learn in investment.

This has always been one of the problems for those who really want to be in bitcoin and it cannot be denied that until now we have always seen a lot of things like this, especially for those who are new to bitcoin or those who only follow bitcoin because they are fixated on the price which results in them fomo against it.
Being in bitcoin is indeed quite ideal if done with a long term because after all we are certainly aware that if this kind of thing is not done then obviously the risk is very large because indeed the longer we are in bitcoin then the risk management can be minimized even though it cannot be denied that in this linkup space there is no such thing as risk free but of course the longer this can be minimized.

[fruktik]

Speaking of becoming wealthy through gambling wins, remember that this isn't a constant flow of income.. someone can win thousands of dollars from gambling but that doesn't mean that the person is wealthy yet.. winnings are temporal and if they are not invested into something that can generate more money then after a while you are going to fall back right where you started from.

What does gambling have to do with it? Are you sure you're writing in the right section? Something's gone off track.

And what, strictly speaking, can investments give to a person who has never done anything? Nothing specific, since this area requires certain knowledge and experience. Without this, you won't be able to succeed in this process. First, you need to undergo serious information training, gain experience, and only then count on profit.

[Uruhara]

I wouldn't want to create a very lengthy topic to post as I don't see any reason for doing so..
So I was thinking something tonight that everyone or anyone who succeeded or becoming wealthy today do they really succeed through investments?

If yes, then how many people around you becoming wealthy through investments?

In my opinion, the majority of people who were successful today started from personal skill or self development, after which before they started investments.

What Is your thoughts over this?

I think the answer is that people should invest to become rich. But what I mean here is investment which I will divide into two parts.

One - Investment in knowledge or self-development which will be useful for us to be able to start a business or work more effectively and earn more than other people. Because there are no stupid rich people. All rich people definitely have superior insight compared to ordinary people. they have skills that ordinary people rarely have. Which means they have first succeeded in investing in self-development. Either from insight or skill.

Second - After being successful in investing in self-development and then being successful in building a business, the second step is to invest in things of physical or monetary value. You can invest in anything as long as you can multiply your previous wealth into even more. It could be in real estate or something else. Whether in stocks or anything that he studies and understands well. because rich people will only invest in something that they have really studied and researched well.

[Swordsoffreedom]

The proven strategy by most people that are wealthy today. Even the current top wealthies people, majority of their riches came from their investments.

I disagree with your statement because the top rich people today like Elon, Jeff Bezos, Mark Zuckerberg or Bernard Arnault...their wealth comes from founding and running businesses. They were already rich before investing in other assets like stocks, real estate or gold. Only Warren Buffett is considered one of the rich people through investing because most of his wealth was acquired through investing, he invested in stocks of various corporations from the early days of his career.

Financial investing is one way to get rich but not the best or only way.

[Ever-young]

It's not everyone that invested that succeed through investment, so I think it should be what we are supposed to know because people who are successful today it doesn't mean that got it from investment, we need to understand such that investment is something we do to support life but doesn't necessarily mean that it give 100% right to make riches, because many people have failed because of investment and by investing wrongly, so for me investment is not the only avenue or source to be rich.

I’m finding it difficult to understand the point you are trying to make, investment can’t make everyone rich but if you make the right investment you are sure to receive a little profit from that investment over time and if you invest on something that’s not good the best to do is to move your your money out from that investment and invest it in another thing so that you can receive that profit you need.

Being a salary earner alone without investing in something will limit your level of wealth and keep you in a particular position, and mind you investment does not mean taking your money and putting it in some stock you can invest in someone something and also on your self just to make sure that you can earn something out from it.

[Adiljutt156]

What Is your thoughts over this?

Most people I’ve seen or read about usually establish something first like a business a brand, or a skill. Then when they have extra money they move into investments to grow it. Investments can multiply wealth but they’re not always the beginning point.
Around me I don't know many people who got rich purely from investing without having something else going on beforehand.  So yeah self development absolutely seems like the initial step in most circumstances.

Investment is not as important as your knowledge and skills in your field. There are thousands of people who are good marker and they are creating demands in the market and they are selling the product then they are paying.  There are thousands of people who are good Investors and they are Investing because they have enough money and their investment could be at risk if they have not enough knowledge to be successful in life. There are people who are in loss because they are not improving and their strategies are not working at that time.There are many people who are Wealthy with their skills and they are continuously working on that and time is big investment for them

[reagansimms]

The proven strategy by most people that are wealthy today. Even the current top wealthies people, majority of their riches came from their investments.

I disagree with your statement because the top rich people today like Elon, Jeff Bezos, Mark Zuckerberg or Bernard Arnault...their wealth comes from founding and running businesses. They were already rich before investing in other assets like stocks, real estate or gold. Only Warren Buffett is considered one of the rich people through investing because most of his wealth was acquired through investing, he invested in stocks of various corporations from the early days of his career.

Financial investing is one way to get rich but not the best or only way.

They managed to accumulate wealth through Business by utilizing education and skills, a successful career can take them to a level of Financial success. What these people have done proves that without investment they can accumulate huge amounts of wealth, even exceeding the value obtained from investments in general.
The purpose of investment is to help increase wealth and achieve long-term financial goals. Some people who have achieved success in business will allocate some of their money to invest. This can benefit them when income from other sources is disrupted.

[G_Besar]

They managed to accumulate wealth through Business by utilizing education and skills, a successful career can take them to a level of Financial success. What these people have done proves that without investment they can accumulate huge amounts of wealth, even exceeding the value obtained from investments in general.
The purpose of investment is to help increase wealth and achieve long-term financial goals. Some people who have achieved success in business will allocate some of their money to invest. This can benefit them when income from other sources is disrupted.

For some people who have big businesses, they can indeed become rich without investing, but what needs to be considered is that only some people are like that and many people also achieve wealth by setting aside some of their income and starting to invest, it will have a big impact in the future.
The purpose of investment for people who are already rich is to increase wealth as you said, but the rest of the people don't think that way, in fact many people start investing to achieve wealth in the future, so I think people need to invest if they want to be rich.

[Oshio-man]

Speaking of becoming wealthy through gambling wins, remember that this isn't a constant flow of income.. someone can win thousands of dollars from gambling but that doesn't mean that the person is wealthy yet.. winnings are temporal and if they are not invested into something that can generate more money then after a while you are going to fall back right where you started from.

What does gambling have to do with it? Are you sure you're writing in the right section? Something's gone off track.

And what, strictly speaking, can investments give to a person who has never done anything? Nothing specific, since this area requires certain knowledge and experience. Without this, you won't be able to succeed in this process. First, you need to undergo serious information training, gain experience, and only then count on profit.

May be he or she is trying to include gambling as an investment which is not true because investment is different from gambling, investment has pushed many people to rich family because they search for a reliable investment to deposit some huge amount of funds years ago that turned them to wealthy people, Without you having the knowledge of the investment, it will be difficult for you to make a good income from your investment, so get the knowledge before investing your funds.

[BenCodie]

Assets are how the federal reserve and central banks increase the value of its assets while devaluing the purchasing power of the dollar. Create more money, purchase more assets, reduce the value of money and inflate the value of those assets through money printing. So without investments, the wealth dynamic may be different...but instead what would probably happen is the same thing, except the wealthy/rich would spend (since they can't invest) instead of buy assets, which may change the wealth class to favor more business owners, but not workers.

[fruktik]

There are many ways to become rich, not just through investing or business. We have a lot of TikTokkers, YouTubers...who become rich by building their own brand, or people who become rich by building skills or leveraging their talents like soccer players, singers or boxers, other sports...It can be said that there are many ways to help us become rich and there are many rich people in the world without having to invest and do business. We don't have to limit ourselves to the mindset that only investing or business can bring wealth.

Wealth is determined by a person's choices and efforts, not by a particular profession or field.

Yes, I have a very narrow view of some things. Indeed, it is not only business or investment that can give a person a chance to become wealthy. I am in some kind of information aquarium and have completely forgotten about various other ways to achieve the goal. So what? This happens. That is why a forum is needed. It gives the opportunity to look at this world much more broadly and receive relevant data in real time.

It was not for nothing that several years ago I decided that I should delve deeper into the study of various issues related to improving personal material well-being.

[Etranger]

It was not for nothing that several years ago I decided that I should delve deeper into the study of various issues related to improving personal material well-being.

What tools are you currently using to improve your financial situation? And which of them have proven effective — aside from investments?


I’m really passionate about everything related to investing — in my opinion, it truly is a path to achieving financial freedom. But there’s one major drawback to investing that personally makes things quite difficult for me, especially considering my personality. And that drawback isn’t the risk of losing money, as many might assume. It’s the irregularity.

Investments can indeed yield returns — both in percentages and absolute amounts — that many people can’t earn even in years, especially in poorer countries. But such income is extremely inconsistent. You can save up for a car or an apartment through investing, but you can’t rely on it for regular, monthly living expenses. I see this as a major issue, because people often turn to investing in search of greater independence, but in the end, even with successful investments, they’re forced to return to regular jobs.

[viljy]

And the whole “you must invest to get wealthy” line, sure, but what about not wanting to play that game? Most people want security, not infinity; they want enough to not care about the next bill. Maybe the more radical question is why we define value by financial growth at all. What about investing in a relationship, or your own sense of enough? Why does “wealth” always mean more, not better? It’s wild that the most secure people I know are the ones who stopped measuring everything in returns and started measuring in how free they feel

You are making absolutely the right arguments. By the way, where did this propaganda of "universal investment" come from? After all, this phenomenon appeared only in the second half of the last century. And here there is a direct connection with the abandonment of the gold standard of the dollar in the last century. From that moment on, it became possible to issue the dollar without regard for anything. But such an issue inevitably leads to inflation at the consumer level. How did the dollar manage to avoid this?

For this purpose, financial markets were created, which, on the contrary, grow the higher the issue, and "absorb" inflation like a sponge. The result is a situation where there is no inflation, and assets are also rising in value - a "miracle" of monetarism. But financial markets need a crowd, they need investors. That's when the promotion of universal investment began. It would seem that monetarists invented the "economic perpetual motion machine", but now we see that this is not so, that it is an illusion, and instead of a perpetual motion machine there is only a house of cards.

By and large, the growth of financial markets was provided by emissions, and the material product corresponding to the growth was imported into debt from the world, thanks to globalism. Instead of "borrowed imports," dollar inflation was also partially exported, which was "smeared" across the rest of the world's currencies.

Now this era is ending, and investing only makes sense in time-tested assets, that is, in gold, or in assets that do not rely on the old financial system, that is, in bitcoin. In general, it makes sense to invest primarily in yourself, in your family, in health, and in development.