Your bank account is a reflection of the type of problem you solve.

[davis196]

I have come to the conclusion that how rich a person is, is directly proportional to the quantity of problems that you solve daily. There is no secret when it comes to wealth creation, if you wants to be wealthy then you have to look out for problems in your immediate environment and solve them because money in itself hides under problems.The richest people in the world today are all offering solutions to universal problems that is why they are rich. A man whose bank account is reflecting  lack of funds is a man that is not only poor in his account but, also is a man that lacks problem solving abilities. How Rich or por a man is depends on the ability of any individual to render solutions remember the poor masses are the once always complaining without having anything to offer and is not ready to change their situation. The rich and wealthy class in our society are the solution givers as they offer services and products which the rest of the society buys into.

Really? What kind of problems does Elon Musk solve? SpaceX produces rockets, but those rockets aren't solving any of my problems.
Tesla and electric vehicles? I don't drive EVs and I can't afford to buy a Tesla car. Tesla didn't solve any of my problems either.
You do understand that many rich people around the world have become rich by stealing and scamming? Am I right? What about corrupted politicians, that have millions in their offshore bank accounts? What problem did they solve? The problem of how to enrich themselves by getting more bribes?

[dansus021]

There is no secret when it comes to wealth creation
WRONG there is definetly a secret in wealth creation hahah if there is no secret, everyone should be rich by now, don't you think?

you have to look out for problems in your immediate environment and solve them because money in itself hides under problems.
Most problem have already been solved by the rich bud, even tho IF there is a problem that has not been solved, they need capital extensively. Because trial and error is need money and if people like me who live from paycheck to paycheck this gonna be hella expensive and there is no room for error.

the conclusion is It's easier said than done.

[Pi-network314159]

A problem solver is liable to be successful but problem solving is not limited to solving the one's in your emediate environment, you have to look up to solving general problem before you can be more richer. Take a look at those who solve the problem of communication and internet (phone), solve the problem of transportation (airplanes, trane, car, motorcycle, bicycle etc) problem solvers like those that created electricity, bulb and manyore device that is generating money for them today. They are successful because of their discovery and this are not limited to their emediate environment but a global problem. But although this doesn't mean a person solving problem within his territory can be successful but when thinking about people that made lots of success are the ones that solve global problem.

[silpersurfer]

There is no secret when it comes to wealth creation
WRONG there is definetly a secret in wealth creation hahah if there is no secret, everyone should be rich by now, don't you think?

you have to look out for problems in your immediate environment and solve them because money in itself hides under problems.
Most problem have already been solved by the rich bud, even tho IF there is a problem that has not been solved, they need capital extensively. Because trial and error is need money and if people like me who live from paycheck to paycheck this gonna be hella expensive and there is no room for error.

the conclusion is It's easier said than done.

Even many key to success books do not guarantee that the reader will become successful, most of the content is just motivational words that only last one week, or is it that many people can't use the key?
I agree with you that we do need more effort to solve problems and large capital, there is nothing free now in making solutions to the problems that society has now, the rich take that step first, and even if we can make an innovation or make an invention, the rich will replicate it and become our competitor which in the end we lose because we lack many factors.

I'm sure the thought is good but the implementation I feel doubtful about.

[Bright0515]

If it was easy to think of problems to start solving everyone would be rich now, There are people that are industrious and creative, they go into a business that solves the problem around them but still struggle. There is no doubt that this is a good way to do any business and succeed but it's not that easy for some people. This isn't also a rule of thumb to succeed, meaning that you can make progress through other means as well. But if you can solve people's problems and remain consistent with it then there's high chance you would succeed

[SquallLeonhart]

There is no secret when it comes to wealth creation
WRONG there is definetly a secret in wealth creation hahah if there is no secret, everyone should be rich by now, don't you think?

you have to look out for problems in your immediate environment and solve them because money in itself hides under problems.
Most problem have already been solved by the rich bud, even tho IF there is a problem that has not been solved, they need capital extensively. Because trial and error is need money and if people like me who live from paycheck to paycheck this gonna be hella expensive and there is no room for error.

the conclusion is It's easier said than done.

I would say it's not really "problem solving" but more about being able to sell, that's the trick to it. It doesn't matter what job you are doing, like selling earrings doesn't mean you are solving a problem, in fact you are not even doing anything new, it's as common as it gets and the most common business you could do, get a thousand earrings at 1 dollar a piece from China, and then packet it nicely and sell.

However, the trick in there is the selling, if you can actually do sell, like be able to do marketing good enough to get orders in, then you have a great business, and you can grow wealthy. Most people fail at that part, the selling part, and in most cases you will not be able to actually do something decent and not be able to sell as much.

[dansus021]

~SNIP~

I would say it's not really "problem solving" but more about being able to sell, that's the trick to it. It doesn't matter what job you are doing, like selling earrings doesn't mean you are solving a problem, in fact you are not even doing anything new, it's as common as it gets and the most common business you could do, get a thousand earrings at 1 dollar a piece from China, and then packet it nicely and sell.

However, the trick in there is the selling, if you can actually do sell, like be able to do marketing good enough to get orders in, then you have a great business, and you can grow wealthy. Most people fail at that part, the selling part, and in most cases you will not be able to actually do something decent and not be able to sell as much.

CORRECTTT the OP said we need to create something new or solve the problem that doesnt have solution, I mean yeah if you found a solution to something like this you would be rich. But I do agree with you take a look ELon musk the idea behind electric vehicle, solar roof and battery isnt new at all but he can sell it very well.

"SELL ME THIS PEN" - Wolf of Wall Street

Even many key to success books do not guarantee that the reader will become successful, most of the content is just motivational words that only last one week, or is it that many people can't use the key?
I agree with you that we do need more effort to solve problems and large capital, there is nothing free now in making solutions to the problems that society has now, the rich take that step first, and even if we can make an innovation or make an invention, the rich will replicate it and become our competitor which in the end we lose because we lack many factors.

I'm sure the thought is good but the implementation I feel doubtful about.

Also correct most of the motivator they selling books and motivate people because its their job I mean andrew tate still basically selling book and made him more rich.

[Die_empty]

There are cases where people are solving critical world problem only for the patent to be owned by the company, so this statement isn't exactly hold truth in the real world reality.
The only thing that make this unfair is to solve a problem, you need capital to execute the plan and actually get something out of it. Remember nicola tesla? plenty of problem solved by him only to be poverty stricken in the last days of his life.

Some people don't even solve any problems yet they are rich. They are lucky to inherit wealth from relatives. Others become wealthy because they are connected to a politicians in a country. Some of them who are rich in my country are just close to corrupt politicians and get inflated contracts and make money. Even those who have sound creative business ideas are poor because they don't have the support.

Anyway, I still accept that problem-solving abilities could lead to financial gains if well maximized.

[Zanab247]

When you have money in your bank account that is when you know that you have some problem to solve financially and it will be solve easily for you to have peace of mind. And when you have money in your bank account, and your friends introduce you to decentralized investment it will be easy for you to make a good decision that will increase your wealth, because you will like to invest in BTC which is the king among other cryptocurrencies.

There are some people worry about low price before they can invest in BTC, but for those that have big amount of money in their account they will not worry themselves when to buy BTC than to start accumulating BTC to have good opportunity to earn massive profits in the future.

[Cheema02]

I have come to the conclusion that how rich a person is, is directly proportional to the quantity of problems that you solve daily. There is no secret when it comes to wealth creation, if you wants to be wealthy then you have to look out for problems in your immediate environment and solve them because money in itself hides under problems.The richest people in the world today are all offering solutions to universal problems that is why they are rich. A man whose bank account is reflecting  lack of funds is a man that is not only poor in his account but, also is a man that lacks problem solving abilities. How Rich or por a man is depends on the ability of any individual to render solutions remember the poor masses are the once always complaining without having anything to offer and is not ready to change their situation. The rich and wealthy class in our society are the solution givers as they offer services and products which the rest of the society buys into.

Its a general and basic way to generate wealth by giving solutions of problems in the form of products. Because to make money you could make a attractive product and this product gives you demand and you altimatly earn the profit. If we observe the richest entrepreneurs then we found the same thing is that they find the solutions of daily life problems and generate profit. Its not means that problem solving just gives you money there are lot of other methods of earning like through learning skills. And many individuals don't remains successful to earn money instead of solving problems on daily basis. Actually people make excuses about work for success we have different tracks to work like we give solution in which time is safe or cost is low than other compitators. So when people continuesly works with people then a chain of contacts can be built and you have more opportunities to sell your product.

[Hamza2424]

I have come to the conclusion that how rich a person is, is directly proportional to the quantity of problems that you solve daily. There is no secret when it comes to wealth creation, if you wants to be wealthy then you have to look out for problems in your immediate environment and solve them because money in itself hides under problems.The richest people in the world today are all offering solutions to universal problems that is why they are rich. A man whose bank account is reflecting  lack of funds is a man that is not only poor in his account but, also is a man that lacks problem solving abilities. How Rich or por a man is depends on the ability of any individual to render solutions remember the poor masses are the once always complaining without having anything to offer and is not ready to change their situation. The rich and wealthy class in our society are the solution givers as they offer services and products which the rest of the society buys into.

Solving problems for money is the only business, but you have to make sure that you make the other person buy your skill, that you are the one he needs. If you can sell yourself greatly, then don't do anything stupid because a lot of people go off course even after getting something good to solve. They think they will remain stuck in this situation forever, and they can't get any promotions, but that's not how they should think. Although thinking about expanding and growing is necessary for everyone but it does not mean you start to think about expanding after 1 or 5 months haha.

Things take time, bro.

Anyway, find someone who is willing to pay you for the skills you have, the work they can't do, learn that stuff, and sell your services. This is exactly how everyone is making money, those paying you are also making money somehow by selling their skills.

[harapan]

In life, it's not about how rich you are, it's about impact and value you create.Overtime, people always emphasized on the importance of value.The money you make, depends on the value you provide and that's undeniably true.What differs is how people apply and interpret this principle.Everyone has their own perspective on how value evolves.

[uneng]

True, that is the way to go. Identify what problems are happening in your city and region right now, and invest your time, money and effort in solving those problems, what means you will supplying local people on their needs. As consequence, they will proudly pay you for your services, because you will be adding value to their lives by solving their problems.

Problems can simply mean a need, and not a big issue at all. For an example, criminality is a problem and a big issue, what doesn't mean you are going to create a local militia to get rid of the criminals. It's also important to identify what is under your limits as individual and entrepreneur when solving problems.

[Agbamoni]

..For me, a bank account is a savior from overspending.

Well, that's for you!

On this side, I spend more when I have money in my bank account compared to when I have cash at hand. With cash at hand, I can easily make excuses for going out and transferring money, since I have to go use a nearby POS if I have cash on me. It is easier if I have the money in my wallet. I will transfer immediately if it is something important.

[Smartvirus]

I have come to the conclusion that how rich a person is, is directly proportional to the quantity of problems that you solve daily. There is no secret when it comes to wealth creation, if you wants to be wealthy then you have to look out for problems in your immediate environment and solve them because money in itself hides under problems.

In some societies and communities, there are no more problems to be solved because many of the problems have already been addressed by either the government or individuals seeking to solve problems like you.

This is not entirely true, i don’t agree with this.

Not being able to find problems to solve doesn’t mean it’s absent. If you take the time to conduct a survey in your locality, either looking into what goods or challenges they tend to have in the area and when it comes to technology/use of some apps on their device, what changes they might want or what improvement can be done to certain procedures, you might discover that a handful of persons have issues that are all battled up.

Problems do exist everywhere and even you as an individual can make yourself a case study and trust me, you’re going to have a lot of problems. Your ability to find it and design a solution for it is where we become distinguished.

[Josefjix]

There is no secret when it comes to wealth creation
WRONG there is definetly a secret in wealth creation hahah if there is no secret, everyone should be rich by now, don't you think?

The secret is hidden in a book. There is a saying that, it you want to hide something precious, then hide it in a book.

I haven't seen any rich man who doesn't love reading, they love reading a lot, building their mindset, calculating themselves, applying principles and then leaving the life.

So the secret of richness is in a book.

[Makus]

Solving problems around us gets us money the money we need because we become valuable to people when we have something to show. But one misconception about this is that some think that you automatically get rich when you start Solving people's problems but its not that rapid, it takes time to build yourself and money does not start falling down all of a sudden, you must follow the process. Whene it comes to creating wealth it takes a lot of dedication and time, it's not something that you can achieve within a short time.

[Easteregg69]

So the secret of richness is in a book.

Line them in alphabetical order if you don't plan on reading.. You be connecting dots for some cause anyhow.

[LastKiss]

~snip~The richest people in the world today are all offering solutions to universal problems that is why they are rich. A man whose bank account is reflecting  lack of funds is a man that is not only poor in his account but, also is a man that lacks problem solving abilities. ~snip~

Somehow, it’s true many founders become successful by finding solutions to society problems. Communication? We now have smartphones and smartphone companies are worth a fortune. Global payments? We have PayPal and the company itself is worth a fortune too. Many things that make our lives easier like planes, cars, gadgets and oil companies have become extremely valuable. If we want to grow our bank accounts like them, then we should focus on finding solutions to future problems.

Right now, AI is already helping us in our daily work/needs and it’s growing fast. In the future, there will be even more opportunities to improve ourselves. Meanwhile, poverty isn’t just about lacking the ability to solve problems many poor people also lack motivation. But honestly, it’s more complicated than that. There isn’t just one factor that makes people poor both in the present and in the future.

[shinratensei_]

If it was easy to think of problems to start solving everyone would be rich now, There are people that are industrious and creative, they go into a business that solves the problem around them but still struggle. There is no doubt that this is a good way to do any business and succeed but it's not that easy for some people. This isn't also a rule of thumb to succeed, meaning that you can make progress through other means as well. But if you can solve people's problems and remain consistent with it then there's high chance you would succeed

The thing is not all problem is worth to be solved, there are tons of entrepreneurs creating a startup to solve a problem that don't exist as well.
A co-working space such as WeWork isn't a problem that needed to be solved yet it was invested by soft bank with billions, as a result the company tanked and softbank lost the investment.

If you could actually find a real problem that needed to be solved and have high demand which means people are willing to pay you to get that problem solved, you'd be very rich if you execute everything correctly.
SpaceX solved resuable rocket launcher, now everybody is using their service. Starlink solved the problem with internet not available in outskirt, now they are generating billions of profit.