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Author Topic: What is the main goal of people to become rich?  (Read 445 times)
junder
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Today at 07:53:47 AM
 #41


         Is it okay for me to discuss this issue here?
The clear goal in my opinion is a comfortable life, maybe 99% of people who want to be rich have different reasons as you said but the main goal remains the same represented by one sentence, namely comfort of life.

But on the other hand, it does not always go well there are also people who are rich but their lives are not calm and the points you conveyed I fully agree including the time that must be considered as well.

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Today at 09:12:53 AM
 #42

Most of those who target to become rich are those who are currently living in extreme poverty. In order to escape the hardships living as a poor, one will aim to get rich in the future and acquire financial freedom he has never taste all his life.

But most of these kind of people easily fall on the trap of living luxuries in life, and forget that being rich never guarantees a lifetime, you need to do something smart and wise to stay being rich and financially secured throughout your life. If not, you'll be doomed to become poor again.

Do you have a goal to become wealthy?

I believe that becoming wealthy is a goal for everyone, not just those living in extreme poverty, like you mentioned. The poor want to become rich, while the rich want to become even richer

I also do not agree with the idea that these people will easily fall into the trap of a lavish lifestyle and end up poor again. If they managed to rise from poverty and build wealth, they understand that making money and accumulating wealth is never easy. These people will appreciate what they have more and be more cautious in their financial decision.

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Today at 11:49:15 AM
 #43

People commonly believe that the ultimate purpose of becoming rich is having more money, a better house, a luxury car, or an affluent life style. However, the real sense of being rich goes far beyond the amount of money. The real riches are the condition when a person has enough resources to fulfill his/her needs and those of his/her family members, doesn’t worry too much about the future, and makes decisions on his/her own.
This is your own perception of being rich. People have different views about richness. Some individuals believe that affording expensive stuff and going on luxury vacations is the yardstick of being rich.
Many people have different mentality about wealth and that's just how it should be, otherwise many people are just going to feel unfulfilled if they have to think that wealth is just about acquiring certain specific things and attaining of some specific standard. No. It's about what the individual feels as what makes him a healthy fellow. For some, being healthy and having sufficient funds to take care of their primary needs suffices them to believe they're wealthy enough. But this could be different for some others in the society.

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Financial freedom is one of the most important objectives in achieving richness. This means that a condition whereby you do not rely on your income alone every month. One of the most important objectives of richness is the control of time. Since money can be recovered, but time cannot be recovered.
Don't assume that super-rich people control their time. These individuals are the busiest workers in the organization. Some of them have not gone on vacation for years. Having multiple streams of income comes with lots of responsibility, which could involve working all year round.
A lot of time when people talk about the wealthy people they always assume them to be the most people who now have time for themselves but it's really the opposite. This rich people are always busy lurking on where the next opportunity lies to increasing their wealth, they attend seminars on finance and business empowerments, and they're mostly awake in the middle of the nights calculating how the next day schedules are gonna be handled when their employees are busy sleeping to work for the next morning. Tell me they take vacations periodically to have time for themself and family, I would agree, but saying they always have time is not correct.

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Today at 11:59:54 AM
 #44

Controlling debt and unnecessary spending.
Maintain patience and discipline.
I think these two complement each other. Because even if we're so skilled, earns a lot and yet we don't have patience, we have no discipline. We'll be as reckless as we can be because we know that after a couple of weeks, we'll have the salary that's expected to come. And that's why even in taking loans, we're reckless spenders because we have that expectation that we'll have that money that should come through our salary. IMHO, that's irresponsible spending and too much confidence and please remember that employment isn't going to be forever even if you're a regular.

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Today at 12:45:06 PM
 #45

Controlling debt and unnecessary spending.
Maintain patience and discipline.
I think these two complement each other. Because even if we're so skilled, earns a lot and yet we don't have patience, we have no discipline. We'll be as reckless as we can be because we know that after a couple of weeks, we'll have the salary that's expected to come. And that's why even in taking loans, we're reckless spenders because we have that expectation that we'll have that money that should come through our salary. IMHO, that's irresponsible spending and too much confidence and please remember that employment isn't going to be forever even if you're a regular.
Now I would like to add a little for people who already have debts. I suggest to slowly pay off the smallest debt first, of course according to your ability. Because usually people who are already in debt will pay off from other loans so that it becomes a circle that will have no end. And if we are forced to go into debt, then make sure it is not debt for consumptive purposes. Because that's where problems usually arise.
 

Apart from that, people usually feel that the money they allocate for saving, investing is too little. Even though it's not a problem at all, the most important thing is that we can be consistent in allocating it. And if possible we should have additional income. We should try to create more than one source of income.

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Today at 01:12:34 PM
 #46

The aim for being wealthy is financial freedom the ability to afford anything you want without worrying
Good thing BTC is invented because we know this is also its advocacy (to provide financial freedom to the public). Not that I'm only referring about its decentralized nature but we literally can earn on it too if we treat it like a typical investment asset. Then there is also trading, and there may be beyond it which also allows BTC users to earn a decent profit.

Meanwhile I learnt a lot about success from Jim ron and I think the YouTube link could be useful to you or any other person that comes across my post, there is alot you will learn from him about being successful
I check it out and so far so good. There are a couple of post there about success. I mean it is not a single video so we can ensure that we can learn very well and then there isn't too much video too for one to be confused. Another thing I like is it was vintage, as you know I'm into old stuff too, so paying attention to it is easier for me Wink .

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Today at 03:36:35 PM
 #47

The aim for being wealthy is financial freedom the ability to afford anything you want without worrying
Good thing BTC is invented because we know this is also its advocacy (to provide financial freedom to the public). Not that I'm only referring about its decentralized nature but we literally can earn on it too if we treat it like a typical investment asset. Then there is also trading, and there may be beyond it which also allows BTC users to earn a decent profit.


Bitcoin can help you reduce your dependence on third parties and partially escape government control. It can also help you increase your wealth. But I do not think it will give you financial freedom, the kind of freedom to buy anything you want without worrying about money. Bitcoin cannot make you rich or a millionaire if you only have a small amount of capital.

Whether you achieve financial freedom depends on your own effort and hard work. Bitcoin cannot guarantee that.

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Today at 04:52:09 PM
 #48

There is opinion about how to became rich in my country and it's quite famous that those who have been called rich people says that their money is working for them but not working for money which is in my opinion, if want to gets rich hard work is not enough to realize that.

Indeed one of popular strategy when usually used by rich people is they were invest in some assets and from those investment the rich people can gets passive income which make their wealth always be increase for every year without doing a hard work.

I think to be a rich certainly people should be smart to looking all of the opportunities how to earn money but, do not forget too everything cannot be done instantly even it took years consistent until those people can reach their goal.
It's the reality and the way of success of many wealty people that they don't only follow the pattern of hard work alone they also prefer smart work along with hard work. Wealthy people grow there wealth by different ways like they invest money in different businesses or in realeastate and make huge amount over a period of time. But it's looking so easy and in reality it takes a long time and hardwork. As forslty they doing work for day and night and then there wealth helps to grow by saving, investing and by making smart decisions. In investing a lot of risk is involved because a wrong direction can destroy your investment in just a one moment. So according to me to become wealthy we should need both hard and smart work and rich people always follow there goals according to plans and research. So we should have positive mind and hard work with smart decision to become wealthy.

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Today at 04:52:56 PM
 #49

Now I would like to add a little for people who already have debts. I suggest to slowly pay off the smallest debt first, of course according to your ability. Because usually people who are already in debt will pay off from other loans so that it becomes a circle that will have no end. And if we are forced to go into debt, then make sure it is not debt for consumptive purposes. Because that's where problems usually arise.
 
It happens many times that people get stuck in the debt cycle where they keep on taking loans from others to clear their old debts. This worsens the situation even more. One can concentrate on clearing out the debt with the lowest amount as it gives him motivation and reduces his financial burden gradually. Another important thing is to refrain oneself from taking any debt for unnecessary consumption.

Apart from that, people usually feel that the money they allocate for saving, investing is too little. Even though it's not a problem at all, the most important thing is that we can be consistent in allocating it. And if possible we should have additional income. We should try to create more than one source of income.
However, the potential of small but steady savings and investments is often overlooked by many people because of their tendency to look at the figures rather than at the habit itself. Financial success often comes from discipline and consistency over time, and even little money saved and invested gradually might become significant in the long run.

Moreover, earning more money should also be taken into consideration. Depending on one income source may be dangerous in case of economic instability. Having different sources of income through starting up a business on the side or working as a freelancer or investing in profitable projects would make the situation better.
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Today at 05:23:34 PM
 #50

They make such a goal to fulfill their desires and their lives in peace, so if we look, rich people are always seen happy in their environment and fulfilling their desires. If a poor person is seen, if he becomes weak due to his poverty, he dreams of becoming rich and if he becomes successful in this way, then he tells that he embarks on the path of success in this way to create comfort in his family and his life. Although everyone's story is different, so it is difficult to see everyone, but everyone's goal is to fulfill their desires and desires, and that is why today the big rich people go and get their desires and are happy with it. Not everyone succeeds in this and among those who do, there are also some good people, they try to do good to people in their previous lives.
Every person wants to be rich so they can have a better and secure Life, money is not the main thing that they will get when they will be rich but the main thing that they really want is freedom,  freedom of being financially stable, freedom to take care of your family according to your own needs, freedom to handle any sort of emergency and the freedom to make their life decision without constant stressing about money. Spending less than income is already very difficult for certain people because of the inflation, secondly saving regularly in investing for long term is not realistic for everyone and learning new skills does not always guarantee success as job market is very competitive. Personal habits are important but economic conditions and opportunities is also playing a very big role.

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Today at 06:44:29 PM
 #51


         Is it okay for me to discuss this issue here?
The clear goal in my opinion is a comfortable life, maybe 99% of people who want to be rich have different reasons as you said but the main goal remains the same represented by one sentence, namely comfort of life.

But on the other hand, it does not always go well there are also people who are rich but their lives are not calm and the points you conveyed I fully agree including the time that must be considered as well.
It's the will of every one in life , to live a good and comfortable life hence the reason for the constant hustling. I don't understand why someone will even ask this type of question, about what is the goal of people who wants to get rich in life. Do you want to live a wayward and miserable life it doesn't make any sense to me if you ask me. So everyone thinks about living a good one comfortable life so hence the reason why many people has a goal of becoming rich so that, they can pay their bills.

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Today at 06:53:13 PM
 #52

The main purpose of getting rich is become comfortable with the way you live your life. There are people that are already born in riches so their mindset is not to get rich again but to become wealthy, having investments everywhere that is necessary to generate money for themselves. It is good we save but some rich people don't save because they have enough investments to generate steady income for themselves. The people that need to save money so that they can be rich are the common people that need to get a job for them to make money so that they can start investing for the purpose of becoming comfortable.

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icebar
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Today at 07:34:25 PM
 #53

People commonly believe that the ultimate purpose of becoming rich is having more money, a better house, a luxury car, or an affluent life style. However, the real sense of being rich goes far beyond the amount of money. The real riches are the condition when a person has enough resources to fulfill his/her needs and those of his/her family members, doesn’t worry too much about the future, and makes decisions on his/her own.

Financial freedom is one of the most important objectives in achieving richness. This means that a condition whereby you do not rely on your income alone every month. One of the most important objectives of richness is the control of time. Since money can be recovered, but time cannot be recovered.
An important goal of becoming rich is financial freedom. Everyone wants to be rich because there is financial freedom. But it should also be remembered that in order to maintain financial freedom, it is necessary to give importance to several things. Financial freedom is not permanent just because you are rich. There are many who have become rich and then due to their inefficiency, they have also become poor again. The chances of a person who becomes rich increase if he does not regularly participate in platforms like saving and investing money. A rich person has to be more careful than other ordinary people. He has to be disciplined and very active with time. Those who are able to give due importance to these things will be able to keep their situation stable.

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