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Author Topic: What is the main goal of people to become rich?  (Read 396 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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Swordsoffreedom
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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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letteredhub
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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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