Just hard work doesn't guarantee wealth anymore.

[Adiljutt156]

"hard work ensure success".

Although the world is moving towards progress now, the proverb you mentioned has not changed yet. And the guarantee of success through hard work will never change.
However, it can be said that you cannot succeed even if you work hard without using your intelligence. You have to work hard using your intelligence, only then is it possible to succeed.

I disagree with the saying that hard work gives guaranteed success. It only increases the chances of becoming successful many people are there who work really hard  but they are not financially stable or successful despite they are being very intelligent.
Success is a combination of different factors including opportunities, social connections , timing ,luck, education , economic condition , sometimes a person who works hard and is intelligent can still struggle if the opportunities are very limited while there are people who have better resources, luck and circumstances become successful by doing very little effort so only intelligence and hard work is not the ingredient for the success they are a part of making a person successful.

[Iranus]

I disagree with the saying that hard work gives guaranteed success. It only increases the chances of becoming successful many people are there who work really hard  but they are not financially stable or successful despite they are being very intelligent.
Success is a combination of different factors including opportunities, social connections , timing ,luck, education , economic condition , sometimes a person who works hard and is intelligent can still struggle if the opportunities are very limited while there are people who have better resources, luck and circumstances become successful by doing very little effort so only intelligence and hard work is not the ingredient for the success they are a part of making a person successful.

Exactly. Success is the result of many different factor, and everyone find their own path. Success is not guaranteed just because you work hard and smart.

However, that does not mean we should dismiss their role and importance.
 
Success will not come if we fail to seize opportunities and put in the effort to turn them into real result. Success will not come without the hard work and determination to pursue what we want. Hard work and intelligence are two fundamental element in almost every path to success.

[fruktik]

You're right about that, and the funniest part is that all this people that are earning good, I mean decent amount in thier Job still complain about their pay. Just like you said that it's due to poor management and of course that's what they are suffering from, because there are some folks out there that doesn't earn high but they do manage thier funds very well.

And one thing we must know is that while trying to manage our funds we also need to make plans like to invest in something or better still we start up a business because this are the things that will encourage you to manage your funds so as to enable you save up for it.

Are you sure that investing guarantees a stable return? Only a small number of investors actually profit from it. Therefore, investing cannot guarantee a constant inflow of money. Why do so many people believe that if they invest capital, they'll make money? This is a huge misconception. Even professionals in this field constantly lose money. That's the statistics.

Even a higher education in finance and economics is no guarantee. It requires not only a gut instinct but also luck.

[Etranger]

Are you sure that investing guarantees a stable return? Only a small number of investors actually profit from it. Therefore, investing cannot guarantee a constant inflow of money. Why do so many people believe that if they invest capital, they'll make money? This is a huge misconception. Even professionals in this field constantly lose money. That's the statistics.

Even a higher education in finance and economics is no guarantee. It requires not only a gut instinct but also luck.

In fact, there are no guarantees at all. And this does not only apply to investments. Your comment about education actually made me laugh, to be honest, because it is such an ambiguous phenomenon. Starting from the fact that everyone learns differently and takes away completely different things, and ending with the fact that education is completely different not just from country to country, but even from specialty to specialty within the boundaries of a single faculty. Therefore, the title "higher education in finance and economics" is incredibly broad.

[Fredomago]

Money management is good, I’ve talked about it so many times. There’re lot of people out there that earn good, but still struggle financially because their spending grows as their income grows. While there’re some people with average income, and they are able to build something meaningful just because they know how to manage what they have.
Financial growth is more of the decisions you make with your money. Your savings, investment, and ability to avoid unnecessary expenses.

To improve your finances, you need a combination of both. You need to have a high income while also knowing how to manage and invest money effectively. How can you improve your financial situation when your income is only enough to cover basic living expenses?

If your income is only enough to cover your living expense, knowing how to manage your finances wont make much of a difference because you wont have much money to save or invest.

Managing own finances on not only about saving or investing, it is also about finding ways to earn more. When you have specific goals related to generating income for particular needs, you begin to think differently. You don't just cut back on your expenses to save and put money aside for something necessary; you also start figuring out how you can earn more. This is because motivation plays an incredibly massive role in moving forward and improving your situation.

Exactly, you'll find more ways if you wanted to fulfill whatever your desire in terms of making your financial goals as successful as possible, there are options that you can find though you need to adjust and you need to showcase your skills to be more qualified but at the end of the day, it's the goal that matter most, adjust and be ready to whatever changes that needed in order to succeed from the goal you set up for yourself.

[BALIK]

Are you sure that investing guarantees a stable return? Only a small number of investors actually profit from it. Therefore, investing cannot guarantee a constant inflow of money. Why do so many people believe that if they invest capital, they'll make money? This is a huge misconception. Even professionals in this field constantly lose money. That's the statistics.

Even a higher education in finance and economics is no guarantee. It requires not only a gut instinct but also luck.

In investing, profits are never guaranteed, and a high degree does not guarantee success either.

But we will never become wealthy by simply keeping our money in a bank account or saving in fiat. But with investing or starting a business, we have the opportunity to increase our assets and become wealthy, although risks are always present.
And we would also have fewer opportunities and be unable to compete in the job market without qualifications. It does not guarantee success, but it open more doors and gives us a competitive advantage.

[Kelward]

"hard work ensure success".

Although the world is moving towards progress now, the proverb you mentioned has not changed yet. And the guarantee of success through hard work will never change.
However, it can be said that you cannot succeed even if you work hard without using your intelligence. You have to work hard using your intelligence, only then is it possible to succeed.

I disagree with the saying that hard work gives guaranteed success. It only increases the chances of becoming successful many people are there who work really hard  but they are not financially stable or successful despite they are being very intelligent.
Success is a combination of different factors including opportunities, social connections , timing ,luck, education , economic condition , sometimes a person who works hard and is intelligent can still struggle if the opportunities are very limited while there are people who have better resources, luck and circumstances become successful by doing very little effort so only intelligence and hard work is not the ingredient for the success they are a part of making a person successful.

Hard work can guarantee food on the table but it doesn't guarantee riches, I know many laborers who work very hard on tedious jobs yet they are not rich they can only meet up with their basic expenses. There are people who work hard to make money and are very successful but they don't engage in hard labor or physically tasking parts, they do the soft parts and hire people to do the physically hard work for them.

This is why people who do physical labor hardly become rich because who employed them for the physically tasking jobs is taking almost everything and giving them very small portion of what they are making. It is very difficult to get rich by working for somebody else, your boss will be taking almost everything and be paying you what cannot be sufficient for you to raise enough money to start your own business.

[junder]

Exactly. Success is the result of many different factor, and everyone find their own path. Success is not guaranteed just because you work hard and smart.

However, that does not mean we should dismiss their role and importance.
 
Success will not come if we fail to seize opportunities and put in the effort to turn them into real result. Success will not come without the hard work and determination to pursue what we want. Hard work and intelligence are two fundamental element in almost every path to success.

I agree with you, we all have our own path to success.
 
I once had a situation where I was pressured with one thing that would make me successful later and this stressed me out because of the excessive pressure to understand it while I had no interest in it.
 
Even though this had a good chance of making me successful, it's important to note that everyone has the right to choose their own path and success is not just factored into one path.

[Delaforetnoire]

I disagree with the saying that hard work gives guaranteed success. It only increases the chances of becoming successful many people are there who work really hard  but they are not financially stable or successful despite they are being very intelligent.

You may not fully agree with me, and that’s fine, but I believe that you understand the point I was trying to make. You also added some important things that can help a person succeed, But what I was trying to say is that success becomes much harder when hard work and wisdom are not combined together.

[Cookdata]

In fact, there are no guarantees at all. And this does not only apply to investments. Your comment about education actually made me laugh, to be honest, because it is such an ambiguous phenomenon. Starting from the fact that everyone learns differently and takes away completely different things, and ending with the fact that education is completely different not just from country to country, but even from specialty to specialty within the boundaries of a single faculty. Therefore, the title "higher education in finance and economics" is incredibly broad.

Even the oxygen you breath isn't guaranteed, just live the best moment of your life but there is something I would like to address that lazy people tend to use as motivation. I have some friends that anytime they want to make bad decisions, you hear them say you only live once. They need an encouragement to leave a to make a choice that they know it will affect them but they still do it anyways and it's wrong, even if hard work guarantee nothing, do it, you neve can tell what's on the other side.

There is this street CT slang people used that " a moving man will one day meet their luck", there are some people that are discouraging investors of not buying Bitcoin now simply because the market is dumping, some people think it will dump more and some has given up already, all these changes nothing. Keep doing what you believe, there has never been someone that has buy Bitcoin and hold for long time that has ever regret buying it, nothing is guaranteed but don't sit doing nothing.

[ChocolateBitcoinK]

Money management is good, I’ve talked about it so many times. There’re lot of people out there that earn good, but still struggle financially because their spending grows as their income grows. While there’re some people with average income, and they are able to build something meaningful just because they know how to manage what they have.
Financial growth is more of the decisions you make with your money. Your savings, investment, and ability to avoid unnecessary expenses.

To improve your finances, you need a combination of both. You need to have a high income while also knowing how to manage and invest money effectively. How can you improve your financial situation when your income is only enough to cover basic living expenses?

If your income is only enough to cover your living expense, knowing how to manage your finances wont make much of a difference because you wont have much money to save or invest.

Managing own finances on not only about saving or investing, it is also about finding ways to earn more. When you have specific goals related to generating income for particular needs, you begin to think differently. You don't just cut back on your expenses to save and put money aside for something necessary; you also start figuring out how you can earn more. This is because motivation plays an incredibly massive role in moving forward and improving your situation.

Exactly, you'll find more ways if you wanted to fulfill whatever your desire in terms of making your financial goals as successful as possible, there are options that you can find though you need to adjust and you need to showcase your skills to be more qualified but at the end of the day, it's the goal that matter most, adjust and be ready to whatever changes that needed in order to succeed from the goal you set up for yourself.

Change is natural, everything is changing, and nothing will bring you success in a stable way as expected. The situation will never remain the same, it will change, but you should move forward accordingly without seeing that change as a loss or obstacle. However, one thing is absolutely important that in achieving the goal, just adapting is not enough, but proper planning, consistent efforts and patience are equally important. You have to be persistent in work, otherwise we will not be able to survive in anything.

[Etranger]

However, one thing is absolutely important that in achieving the goal, just adapting is not enough, but proper planning, consistent efforts and patience are equally important. You have to be persistent in work, otherwise we will not be able to survive in anything.

I myself love to plan and forecast; it’s easier for me to live in a structured world that I try to organize myself. But the problem is that planning and its subsequent implementation are only possible in a relatively stable environment where a person can rely on at least some basic social aspects. If this is missing, then forecasting turns into constant disappointments, because you make plans, but external circumstances prevent you from bringing them to life. You find yourself in a situation where you're trying to somehow tame the chaos, but you can't, and then you have to learn to adapt.

[Parveziqbal123]

I think just hard work will not suffice, it is important but being smart about your work is also important.

You have to be smart how you manage your connections you time and then you will see productivity going up. But this is difficult in the initial phase of life.

And wealth is not always going to be linked to work. Salary is part of the wealth but if investments, spending are not kept in proper lines, wealth will never grow. Invest in the proper places, proper assets and see yourself going upwards in life.

yes no doubt invest your time in right way... Not in futile things... Work smart work flexible.

[Unknown Op]

I think just hard work will not suffice, it is important but being smart about your work is also important.

You have to be smart how you manage your connections you time and then you will see productivity going up. But this is difficult in the initial phase of life.

And wealth is not always going to be linked to work. Salary is part of the wealth but if investments, spending are not kept in proper lines, wealth will never grow. Invest in the proper places, proper assets and see yourself going upwards in life.

yes no doubt invest your time in right way... Not in futile things... Work smart work flexible.

Many people are doing hard work for the company and they are making profit for the company and they are doing their best and company is going up ND his salary is 5 percent increasing in  a year. The people who are  doing smart work they are successful in their respective fields because they know how  to grow their business and how to be successful and make their next setup . You have to set your business and invest how much you can and they grow and people who have dream to be a officer they should dream and then convert it to reality by doing smart work mean to say don't not hard work randomly and you should have a plan to become anything in life

[Fredomago]

However, one thing is absolutely important that in achieving the goal, just adapting is not enough, but proper planning, consistent efforts and patience are equally important. You have to be persistent in work, otherwise we will not be able to survive in anything.

I myself love to plan and forecast; it’s easier for me to live in a structured world that I try to organize myself. But the problem is that planning and its subsequent implementation are only possible in a relatively stable environment where a person can rely on at least some basic social aspects. If this is missing, then forecasting turns into constant disappointments, because you make plans, but external circumstances prevent you from bringing them to life. You find yourself in a situation where you're trying to somehow tame the chaos, but you can't, and then you have to learn to adapt.

You said it right, even how organize and focus you are of things is not working accordingly and the pieces of plan is not available then things won't go to the directions that you want it to be, though hardwork may ends you up well but there's no such as a guarantee, there's always factors that may lead you to success or the other way around.

[Mr_Brilliant$]

Hard work can earn us a good income for sure but only smart work can help us sustain that income.
If we are not able to sustain the income then all the hard work will go in vain.
So we need to be smart enough to invest our money into assets that gives us decent gains and make our money grow.

No matter how big our income is, if we do not have the knowledge of financial management, and if we keep spending uncontrollably, then despite our large income, we will not have any financial progress. Due to the lack of proper financial management, many people cannot increase their wealth despite earning a good income, while some people, despite earning relatively little, gradually build a strong financial position by intelligently controlling their expenses and saving and investing. So the important thing here is to use money correctly and in the right place, only then can we use our income to create a good foundation for the future.

Money management is good, I’ve talked about it so many times. There’re lot of people out there that earn good, but still struggle financially because their spending grows as their income grows. While there’re some people with average income, and they are able to build something meaningful just because they know how to manage what they have.
Financial growth is more of the decisions you make with your money. Your savings, investment, and ability to avoid unnecessary expenses.

Most of us are just focusing too much on how much they make, but not on how we manage what we make..  Someone can get a salary increase today and still remain broke, simply because their lifestyle increased alongside their income..
There are people that are earning average incomes, but still build businesses, investments, and savings just because they are disciplined with their money.. Meanwhile, high earners are still living paycheck to paycheck..

[laijsica]

Hard work can earn us a good income for sure but only smart work can help us sustain that income.
If we are not able to sustain the income then all the hard work will go in vain.
So we need to be smart enough to invest our money into assets that gives us decent gains and make our money grow.

No matter how big our income is, if we do not have the knowledge of financial management, and if we keep spending uncontrollably, then despite our large income, we will not have any financial progress. Due to the lack of proper financial management, many people cannot increase their wealth despite earning a good income, while some people, despite earning relatively little, gradually build a strong financial position by intelligently controlling their expenses and saving and investing. So the important thing here is to use money correctly and in the right place, only then can we use our income to create a good foundation for the future.

Money management is good, I’ve talked about it so many times. There’re lot of people out there that earn good, but still struggle financially because their spending grows as their income grows. While there’re some people with average income, and they are able to build something meaningful just because they know how to manage what they have.
Financial growth is more of the decisions you make with your money. Your savings, investment, and ability to avoid unnecessary expenses.

Most of us are just focusing too much on how much they make, but not on how we manage what we make..  Someone can get a salary increase today and still remain broke, simply because their lifestyle increased alongside their income..
There are people that are earning average incomes, but still build businesses, investments, and savings just because they are disciplined with their money.. Meanwhile, high earners are still living paycheck to paycheck..

Those who have a possibility of getting salary at the end of the week or at the end of the month become dependent on that income. In this situation, the price of every product is increasing due to inflation, in this situation, it becomes difficult for you to keep your daily expenses in balance with your income. Even if your salary increases, there will be no possibility of going bankrupt if you can show skill in managing funds and be able to eliminate excess expenses.
There should be multiple sources of income because it will be difficult to keep your expenses in balance through one source because the price of every product is increasing. If you want to strengthen your financial capacity, you should set a budget for your income and expenses. People with high incomes have a higher spending range according to their social class and they cannot reduce their expenses even if they want to.

[Synchronice]

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!

First of all, I want to say that when they say "hard work ensures success", it doesn't mean that it's hard work to lay bricks for 24 hours. Yes, physically it's hard work but there is a difference between smart work and simply, purely physically hard work. You have to work smart to make your efforts more productive. There are people who work 10 hours a day and earn $1000 per hour and there are people who work 12 hours a day and earn $12 per hour. Rich people work very hard too but the difference is that they have monetized their work much better.

When you have zero capital, how can you own businesses, real estates and stocks? People, who work, are called working class for that reason, because they don't come from wealthy families and they have to work in order to live. Then there are other people who own businesses and real estates and earn money while others work.

[pawanjain]

Most of us are just focusing too much on how much they make, but not on how we manage what we make..  Someone can get a salary increase today and still remain broke, simply because their lifestyle increased alongside their income..
There are people that are earning average incomes, but still build businesses, investments, and savings just because they are disciplined with their money.. Meanwhile, high earners are still living paycheck to paycheck..

Yes, even I have come across people who earns a huge amount of money as a salary but still lives paycheck to paycheck.
There are also people who earn enough but at the end of the month they spend more than they are earning.
This is something we should try to avoid and this is where money management helps us to tackle such issues.

[HelliumZ]

Yes, of course there was a proverb in English that hard work is the mother of luck. But in reality, it is not possible to achieve success only by working hard. Maybe in studies, it is possible to expect good results by working hard and studying at night, but no matter how much you work hard in your career, if you do not have the right plan and capital, then you will not be able to achieve success just by working hard. If success could be achieved by working hard, then rickshaw pullers and daily wage earners would have achieved success and become rich long ago. Along with hard work, you must have capital and you must have the right plan. If you can use your capital by using the right time and planning properly, then you will definitely achieve success.