Real wealth does not come through luck but wisdom.

[Orpichukwu]

Wisdom and hard work push people into achieving success in life, but we should not undermine luck. We have people who are very hard-working and work smart, but they have still not reached that level which they want to reach in life. We also have those who put in less effort, but luck has helped them meet someone who elevated them to a length they could have only wished for. Hard work plays a role, but background, connection and every other factor also contribute to someone's success story.

[TheUltraElite]

Wisdom and application of the wisdom.

Executing the plan to take the risk marks the important decision. Often coming out from the bubble of making money just by a salary is difficult. The day job will fund you the basic money which you need to allocate for assets of different risk classes. Then inves in these and see how nicely or poorly they perform.

Hard work and smart work is important and being able to change as the situation demands makes the difference.

[abhiseshakana]

Sometimes we see people who have become rich by luck, but the truth is that they have failed to maintain that wealth. You cannot remain rich for a long time with the wealth you get based on luck, because you do not have the skills or knowledge to manage your finances and wealth. You do not even know how to use that wealth properly.

The main reason for the long-term success of a person who has achieved it through hard work is his skills in financial management and proper use of wealth. He who knows how to earn wealth also knows how to protect it. He who does not know how to earn it cannot be expected to use it properly.

  I align with this,  just like someone that won jackpot that's not wealth because it won't last, any wealth that doesn't have a way to regenerate it won't last, wealthy people has a constant source of income and their wealth last for time of time.

Wisdom and knowledge help to build a system that will not only generate money but to sustain it, that's why it's important in business, lucky wealth can't last for time of time, except wisdom is applied.

I am seeing luck as accumulation of long consistency whether in quiet effort or prayer, lucky guy usually has courage to take challenge and chances mentally and financially. But agree with both of you that luck only an entrance for wider and bigger opportunity and many people especially nouveau riche can not maintain what they get because they aren't financially literated and they actually don''t have proper system and skill of cashflow management, lifestyle controlling habit, risk management, asset diversification even they not learn how to invest with discipline. Without those skill no matter how much money do you have, it will soon drained and run out. Diligent and consistent people can increase luck probability not because they are more lucky but they often try, so they know right position to catch the momentum, they are more ready than other. Lesson we can learn from 3% population which control top of pyramid is create financial system so they can keep wealth sustainability. For preople in the bottom of pyramid we can create our own system with principle small or zero money leak, has risk protection and the most important thing as your opinion, not how big our saving but how to make money machine which can ensure our available money can regenerated.

[Versatile_choice]

I would always support the idea that it's a matter of wisdom with or without luck. Some people get their wealth by pure luck like inheritence or winning a huge amount in gambling, however they still need wisdom and enough maturity to keep a safe wealth. I can't tell how many people lost their winnings got by luck because they think the big amount won't vanish. And how many others built their wealth depending their skills.

You're right about that, real wealth come through wisdom even though some wealth is been inherited that's (luck) reason been that they didn't work for it, it is more like when you wake up in bed in the morning and just discover that breakfast has been served, if you are ask to explain the process it takes to make that breakfast you can't be able to explain that. So that's how inheritance is, of which wisdom is also required to enable you manage the assets very well because without having a wisdom you might just loss it all hoping that you will surely get it back just as you said about those gamblers who are lucky to win big and later Loss it back to gamble and that's simply because they lack wisdom, so wealth without wisdom is completely nothing.