Just hard work doesn't guarantee wealth anymore.

[mirakal]

Hard work gets you there for sure, but it's no longer enough, ownership is the wealth engine!

Just hard work "almost" never pays out... before, now, and in the future. If you wish to succeed, you need to have "some brains", and a bit (or a lot) of luck. All big stories have some lucky circumstances, and without some luck, even hard work and a lot of skills will not get you far.

So basically, it's all about a good mix of skills, hard work, luck, and some other things for sure. Of course, constant trying and pushing what you believe in despite hard times & bad results... and maybe you will succeed, or not.

Hard work is just part of it, and should be complemented with smart work. Constant hard work plus smart work will eventually get you there. However, aside from these, achieving wealth also requires a combination of strategic financial habits, calculated risk-taking, and a productive mindset. These are the critical factors that can guarantee accumulating significant wealth.

We don't just work for money, but we let our money works for us. This is the secret code for success and wealth accumulation. Hard work is still necessary, but accumulating wealth is rarely the result of hard work alone.

[blockman]

This is also a thing in my country and this is a real concern. Even if you work yourself for the whole entire day and only leaving few hours for rest, it won't be enough. Economy is unstable, day jobs are low wages even the minimum wagers are saying the same thing. With the cost of goods rising and inflation rate is a lot and for the last month it's 7.2% in my country. It's even more than the yield deposits platforms giving and so it's not even enough to defeat inflation with those earning opportunities that are low risk. We're hardworking people but the government lacks of comprehension understanding the real situation from the ground and people who are under the average threshold of living down to the poorest of the poor.

Hard work has never guaranteed wealth, even if you live in a country with a developed economy. Wealth is a combination of many factors, we cannot become wealthy simply by working tirelessly without strategic thinking, planning, and the application of technology...Or wealth will not come if we have the illusion that all we need is a good idea, a good plan, and the misuse of technology without hard work and effort.

In your case, the reason people have to work constantly but still can not make ends meet is largely due to the government. They failed to control inflation and neglected their own people.

It might not guarantee wealth but it's the beginning of it. Someone who's hard working would see a lot of things, lots of opportunities and lots of network. From there, he's turn that hard work into working smart with the resources and connections that they have which is the start of their journey into becoming wealthy. And everyone in our country is mad at our government for being corrupt, they're doing their best while they're still in the seat before they go away in the next 2 years because we'll have the national election by that time.

That's the problem and most likely the government also added problem as instead of finding on how to help they add more thru additional taxes and other government requirements, so even how hardworking you are chances is just to survive but in terms of having a comfortable life, you need to find ways to own business or to find something that will grow your assets/investments because just working on your day job won't help but just a survival to continue living.

Additional taxes and poor governance which results to higher inflation and increase of the consumed goods. The normal hard worker is still struggling on this and that's why left and right solutions are being done and side hustles just to make more money.

[Rengga Jati]

Hard work is just part of it, and should be complemented with smart work. Constant hard work plus smart work will eventually get you there. However, aside from these, achieving wealth also requires a combination of strategic financial habits, calculated risk-taking, and a productive mindset. These are the critical factors that can guarantee accumulating significant wealth.

Yeah, work hard, work smart, work effectively, and have a good balance.
Everything must be well balanced, because relying solely on hard work will drain more energy. But for now, there are many ways to make our work much more effective and efficient. That's why we must be smarter in doing and managing it. The work in our job description, or indeed in our business, must be manageable. Especially for our own business, without effective and smart enough management, this will ruin our efforts and money, of course.

Additional taxes and poor governance which results to higher inflation and increase of the consumed goods. The normal hard worker is still struggling on this and that's why left and right solutions are being done and side hustles just to make more money.

Sometimes, this is killing.
These various deductions even apply to low-level employees, both government employees and laborers, as well as small businesses. As for high-ranking officials? They can still sit back and relax comfortably. Big taxes are imposed, but unfortunately, too much of the tax revenue goes into the personal pockets of them and their entourages, which is what makes us increasingly burdened all the time.

[blockman]

Additional taxes and poor governance which results to higher inflation and increase of the consumed goods. The normal hard worker is still struggling on this and that's why left and right solutions are being done and side hustles just to make more money.

Sometimes, this is killing.
These various deductions even apply to low-level employees, both government employees and laborers, as well as small businesses. As for high-ranking officials? They can still sit back and relax comfortably. Big taxes are imposed, but unfortunately, too much of the tax revenue goes into the personal pockets of them and their entourages, which is what makes us increasingly burdened all the time.

That is the sad reality that our country is facing. Every single citizen who's making a living, instead of saving and having to pay those unusual taxes by us because we know that it only goes to the pockets of these corrupt officials legally. From the consumption of goods, the VAT in everything. We're not spared even if you're a low income earner. While there are some tax-exception for certain threshold of minimum wagers but that only applies to the salary and not to the goods that we're consuming because even a candy, there's a vat.

[slapper]

At one time, at some actual time in history, showing up and grinding really did yield upward mobility. That window closed. Around late '70s early '80s. Productivity continued to increase thereafter. But wages stayed. And the surplus, all the excess, was transported up into returns on capital, into stakes in capital, into the portfolios of those already holding the keys to them. The words of your parents or teachers "work hard and you'll be fine" were stating an empirical fact that was once true. But by the time they said it, that had ended.

[bitcoindusts]

At one time, at some actual time in history, showing up and grinding really did yield upward mobility. That window closed. Around late '70s early '80s. Productivity continued to increase thereafter. But wages stayed. And the surplus, all the excess, was transported up into returns on capital, into stakes in capital, into the portfolios of those already holding the keys to them. The words of your parents or teachers "work hard and you'll be fine" were stating an empirical fact that was once true. But by the time they said it, that had ended.

But in any point of time, hardwork alone will not make one gain much wealth.  Knowledge and smart thinking is always the key to boost the effect of hardwork.  If we combine smart thinking and hardworking, they will have synergize effect, and the result will be exponential, meaning the accumulation of wealth will be faster than just using muscle.

[bubilas]

I live in a country where people, being engineers and factory workers, receive absolutely miserable salaries, and those people who went to internal ministries are police-type professions, they very often buy things for themselves that even businessmen could not afford. and the question always arises - where did they get such finances? Many thousands of riches. and there are often articles in newspapers saying that they often take bribes and get sued, and therefore I don't understand why such an injustice is necessary, because someone works hard and tries hard, but therefore remains poor all his life, but someone abuses his powers and gets rich..

[Russlenat]

At one time, at some actual time in history, showing up and grinding really did yield upward mobility. That window closed. Around late '70s early '80s. Productivity continued to increase thereafter. But wages stayed. And the surplus, all the excess, was transported up into returns on capital, into stakes in capital, into the portfolios of those already holding the keys to them. The words of your parents or teachers "work hard and you'll be fine" were stating an empirical fact that was once true. But by the time they said it, that had ended.

Hard work still matters today, but never expect for high pay offs. If you just want to stay sustainable, hard work may do it. But if you want to be more productive and achieve fortune in life, hard work alone is insufficient. You need skills and smart strategies in life, you need the X factor to keep moving forward. Consistency and discipline should also be part of it, you can't be sustainable enough without positive attitudes in life.

The world has turned competitive, and so the people are. If what you only have is hard work alone, you will never make it on top, ahead of others.

[Churchillvv]

At one time, at some actual time in history, showing up and grinding really did yield upward mobility. That window closed. Around late '70s early '80s. Productivity continued to increase thereafter. But wages stayed. And the surplus, all the excess, was transported up into returns on capital, into stakes in capital, into the portfolios of those already holding the keys to them. The words of your parents or teachers "work hard and you'll be fine" were stating an empirical fact that was once true. But by the time they said it, that had ended.

But in any point of time, hardwork alone will not make one gain much wealth.  Knowledge and smart thinking is always the key to boost the effect of hardwork.  If we combine smart thinking and hardworking, they will have synergize effect, and the result will be exponential, meaning the accumulation of wealth will be faster than just using muscle.

Like he said, hardworking once worked and I can say yeah, in the early 70s and 80s hard work would definitely be a thing to escape a particular social status but however as time pass by it kept shifting from hardworking to craftwork and from craftwork/handwork to headwork now. Time evolved and man changed the goal post for people to score the goals. You must be all three now to be successful, it’s now a matter of combining the power of past, present and future to be able to make something out of life, so hard work only pays off if you put in other things like, inheritance, credibility etc.

[Patikno]

A couple of decades ago, we lived by the saying; "hard work ensure success".
In recent times, that is however not the case, as the whole system is evolving.

One can consider working for more hours as hard work, consider that with the wages on display currently as in most cases wages don't match the level of work, and the drastic economic situations, expenses are sure outweighing incomes from wages.

Hard work can lead to productivity and productivity can lead to more income for owners, not workers, as workers may be compensated with just a little pay rise. This then leads to my point, wealth comes from ownership of assets; such as businesses, real estate and even stocks, and not necessarily by hard work, systems are changing, and ownership income is increasing.

Hard work gets you there for sure, but it's no longer enough, ownership is the wealth engine!

I once heard a motivational speaker say; "If hard work guarantees success, then a cow plowing a field will surely be successful". He was referring to the importance of "working hard" (hard work), and "working smart" (smart work). Maybe, he used the analogy of a cow to avoid mentioning any particular profession (so, as not to offend anyone).

So, I believe hard work can guarantee wealth, especially if accompanied by smart work. In my opinion, smart work is about a person ability to seize opportunities to earn more money. Many successful, wealthy people succeed because they are adept at seizing profitable opportunities, and they are usually intelligent enough to make them happen. Furthermore, successful of wealthy people are because of their diligent (hard work) in every endeavor they undertake. So, I believe a success is very related to "hard work" and "smart work."

By the way, I believe achieving opportunities for success is not easy; it requires consistency and patience. Opening ourself to new things can also be a guide to achieving opportunities for success. Look at the people who are successful in Bitcoin. Aren't they hard and smart workers ? Because, they are consistent and patient in holding on to it, and they also work hard to earn the money they need to invest in Bitcoin.

[abhiseshakana]

I once heard a motivational speaker say; "If hard work guarantees success, then a cow plowing a field will surely be successful". He was referring to the importance of "working hard" (hard work), and "working smart" (smart work). Maybe, he used the analogy of a cow to avoid mentioning any particular profession (so, as not to offend anyone).

So, I believe hard work can guarantee wealth, especially if accompanied by smart work. In my opinion, smart work is about a person ability to seize opportunities to earn more money. Many successful, wealthy people succeed because they are adept at seizing profitable opportunities, and they are usually intelligent enough to make them happen. Furthermore, successful of wealthy people are because of their diligent (hard work) in every endeavor they undertake. So, I believe a success is very related to "hard work" and "smart work."

By the way, I believe achieving opportunities for success is not easy; it requires consistency and patience. Opening ourself to new things can also be a guide to achieving opportunities for success. Look at the people who are successful in Bitcoin. Aren't they hard and smart workers ? Because, they are consistent and patient in holding on to it, and they also work hard to earn the money they need to invest in Bitcoin.

Hard work and smart work both are important but many people ofter underestimated had work, from my experiences hard work is form of iscipline not only form of effort. With hard work we continously moving, trying, leraning and being consistent even the result are not satisfactory or not visible yet. With smart work we can choose direction, but without work hard we will never achieve our goals. For bitcoin, i see many people don't have discipline to learn, or training patience to withstand volatility and many don't have consistency to persist when market against them even they see the same opportunity From my point of view people who work hard consistenly usually have greater opportunity to success than people who rely solely on intelligence but lack of action and execution. Opportunities aren't rewarded by intentions, but by actions.

[Pi-network314159]

There is no wealth without hardwork, as a matter of fact every rich person you see is hardworking, to you it may look like they are not hard working mearly looking at them, but every wealth come as a result of hardwork. I don't know how you interpret hardwork but I will assure you that hardwork guarantees wealth or success. Because there is no successful man without a story of how he became successful. Hardwork doesn't only mean physical hardwok but we have mental hardwork, a person might be working hard physically to make money while the other person is working hard online and having sleepless night all day long just to make the money, and you now see that one working online as someone who is not hardworking? It's not always like the way you see.

[Danica22]

There is no wealth without hardwork, as a matter of fact every rich person you see is hardworking, to you it may look like they are not hard working mearly looking at them, but every wealth come as a result of hardwork. I don't know how you interpret hardwork but I will assure you that hardwork guarantees wealth or success. Because there is no successful man without a story of how he became successful. Hardwork doesn't only mean physical hardwok but we have mental hardwork, a person might be working hard physically to make money while the other person is working hard online and having sleepless night all day long just to make the money, and you now see that one working online as someone who is not hardworking? It's not always like the way you see.

Hard work does not guarantee success and wealth. However, success will never come if we do not work hard and put in our best effort. It can be said that hard work is an essential element and an indispensable foundation if we want to succeed.

It seems that some people believe that someone who spends 14 to 16 hours a day studying, reading books, and sitting in front of a computer isn’t a hard worker. If so, they are mistaken and have completely misunderstood the concept of hard work.

[LogitechMouse]

TBH, I haven't had the same thinking as what the OP has shared.
I didn't believe that hard work ALONE will guarantee us wealthy because... because it hasn't ever since.

A person can work 8 hours per day just to earn minimum wage, and the monthly salary that they're getting is just enough for them to survive for that whole month. A person can work more than 10 hours per day earning just enough for them to cover their monthly expenses. It has been, and it will always be like that.

I'm not saying though that we don't need to work hard to earn or guarantee wealth. We need to work hard, but at the same time, be smart at where we are putting our money as well if we need to be wealthy. A person who works 12 hours a day, but putting a portion of his earned money into something that could yield him money in the future is more productive than a person who works 12 hours a day, but just enough for the whole month of expenses.

[junder]

Hard work is one of the key ingredients for achieving wealth or success.

Many people work so hard that they lose track of time and even neglect their own health, because they know that life is tough and that we must work to make ends meet. Sometimes, we are looked down upon when we have nothing this is a common occurrence.

In addition to working hard to achieve wealth we must also be disciplined in managing our finances, because it’s pointless to work hard to earn a lot of money if we can’t manage it that’s just a lie.

[AmaGold70]

Being hardworking does not necessarily mean working for someone, you can be hardworking running your own private business, acquiring skills, and knowledge. However if you want to become a wealthy person, you work more in developing yourself. Ensure you equipped yourself with good ideas, and skills, these will enable you to run your own personal business well guided, and equipped with the right knowledge.
To become a wealthy person, investing is a sure way of becoming wealthy, their are many things to invest in for instance bitcoin, Landed properties. Ensure you put your money in assets, and not in liabilities.

[Somto9Light]

Like he said, hardworking once worked and I can say yeah, in the early 70s and 80s hard work would definitely be a thing to escape a particular social status but however as time pass by it kept shifting from hardworking to craftwork and from craftwork/handwork to headwork now. Time evolved and man changed the goal post for people to score the goals. You must be all three now to be successful, it’s now a matter of combining the power of past, present and future to be able to make something out of life, so hard work only pays off if you put in other things like, inheritance, credibility etc.

If there's one thing I know, it is the fact that times will always change, and the best thing anyone can do for himself is to be ready to adapt to changes when it's necessary because anyone who's not ready to move along with evolution and civilization would definitely be left behind. Back then it was really about hardwork, now it's no longer so, technological advancements and civilization has brought about new innovations that is almost taking away hardwork out of the picture completely, but this is only for those who are willing to tag along.

[Tmoonz]

Being hardworking does not necessarily mean working for someone, you can be hardworking running your own private business, acquiring skills, and knowledge. However if you want to become a wealthy person, you work more in developing yourself. Ensure you equipped yourself with good ideas, and skills, these will enable you to run your own personal business well guided, and equipped with the right knowledge.
To become a wealthy person, investing is a sure way of becoming wealthy, their are many things to invest in for instance bitcoin, Landed properties. Ensure you put your money in assets, and not in liabilities.

Generally what to do in essence is to always keep working on ourselves and while waiting for opportunities to come by, knowledge of things are increasing and as a person learning new things and adding values to what we knew will make opportunities looks for us, be a problem solver and that is what the society is looking for, wealth are not built over night this is one thing people should know, it takes time sacrifices and getting opportunity, alot of people has worked so hard but lack the opportunity and that is where hard working doesn't guaranteed wealth but however you do give up rather you keep pushing harder, those working from hand to mouth can never build wealth.

[DanWalker]

 Like he said, hardworking once worked and I can say yeah, in the early 70s and 80s hard work would definitely be a thing to escape a particular social status but however as time pass by it kept shifting from hardworking to craftwork and from craftwork/handwork to headwork now. Time evolved and man changed the goal post for people to score the goals. You must be all three now to be successful, it’s now a matter of combining the power of past, present and future to be able to make something out of life, so hard work only pays off if you put in other things like, inheritance, credibility etc.

I disagree, hard work alone will not make one gain much wealth, no matter what decade you're in.
I dont know how old you are or whether you lived through the 70s or 80s. But according to my grandparents and other elders, they were also hard working people who hardly had any time to rest. Because if they take even one day off, they wont have enough food for that day, let alone become rich.

In any era, if we want to become wealthy, we need to combine hard work, the right mindset, and the ability to seize opportunities. You will never become rich just by working hard.

[STT]

Hard work gets you there for sure, but it's no longer enough, ownership is the wealth engine!

Its a good point that people cant just earn now and hope to save their earnings.  Many major otherwise rich countries have terrible currency, you cant just save that money and aspire to more as the cash is trash so your hard work can be wasted easily.   This is a betrayal of democracy and capitalism in that it fails the people and captures their labor unfairly. 

   I would say people have to increasingly direct their efforts, investment and ownership sounds alot like that.  I would still argue we need to reset the mistake of forfeiting solid currency for cheap debt, it destabilizes the economy and eventually the nation imo.