What is the main goal of people to become rich?

[ChocolateBitcoinK]

Everyone has their reason why they want to be financially stable but the main reason a lot of people have for wanting to become rich is for them to be stable enough to live the life that they want. Being financially free comes with a lot of advantages and one of them is independence, you don't have to rely on anyone for anything, this is what makes life easier. A lot of people get exhausted when it comes to working for people. when you get rich you are free do whatever you like, people working for others don't really have that freedom.

Financial freedom is the main goal of people becoming rich and you are right about it, having that idea of being free from debt and living their lives to the fullest is exactly why people are struggling everyday to make or earn money or start up their own businesses, because working under another person could be really exhausting and may not really give one the freedom and the peace of mind they want, but still, it's important for one to be disciplined when they have the money to maintain their investment or wealth.

I agree with you, being rich means getting yourself to a state where you can do anything, but you never have to worry about your limited balance.
You can buy whatever you want, go wherever you want, but in no case do you have to worry about finances, in my opinion this is financial freedom.
But yes, just spending money carelessly will definitely end all your money at some point. So you have to use money properly, so that money keeps building up over time. You have to save money properly, manage your business so that money doesn't stop building up, and finally, you have to enjoy your freedom by spending money with your family. So you have to be prudent in all aspects, freedom is not easy.

[lodocus]

You're right, but there are a certain situations or point where money will be of no use especially if it has to do with life and death, but since that's not what we're talking about now, I will focus on the main topic. Money is essential in our lives and we all no that. The purpose of people prioriting being rich over stability is because they want to live their lives to the fullest, they want to live a luxurious life. As long as you're alive you will face different faces of life,, but no condition is permanent, and there is always light at the end of tunnel. In today's world if you don't have money you lose many things. Humans are unfair toward each other, mocking the less privileged people or downgrading them is not fair. The future is unpredictable, even if you are wealthy or healthy today, you might find yourself in another situation tomorrow, we should be careful how we treat others, because life has it own way of surprising people.

And from what I’ve seen, everyone who says money doesn’t bring happiness also says that there will always be certain problems in a person’s life that money can’t solve. For example, “Even if you have money, you can still get sick,” or “Even if you have money, you’ll die someday.”

These are very stupid arguments, because having money doesn’t bring any specific misfortune with it. Any bad situation that someone with money might face, a person without money might experience in an even worse way. It’s nonsense to link things that are inherent to being human to money.

[ImGenius]

I agree with you, being rich means getting yourself to a state where you can do anything, but you never have to worry about your limited balance.
You can buy whatever you want, go wherever you want, but in no case do you have to worry about finances, in my opinion this is financial freedom.
But yes, just spending money carelessly will definitely end all your money at some point. So you have to use money properly, so that money keeps building up over time. You have to save money properly, manage your business so that money doesn't stop building up, and finally, you have to enjoy your freedom by spending money with your family. So you have to be prudent in all aspects, freedom is not easy.

I completely agree with you, It is true that having more money does not mean true financial freedom. I would call true financial freedom the situation where money will not be a cause of any kind of stress and while money can eliminate all kinds of stress. A situation where you can choose whatever you want to do. The thing that actually help to build a situation like this is a skill, Through which you can make more money than what you spend.
Without a proper earning source money will start decreasing. That why when you are rich enough you still have to be disciplined about how much you spend compared to what you earn.

[Bryan jessy]

I agree with you, being rich means getting yourself to a state where you can do anything, but you never have to worry about your limited balance.
You can buy whatever you want, go wherever you want, but in no case do you have to worry about finances, in my opinion this is financial freedom.
But yes, just spending money carelessly will definitely end all your money at some point. So you have to use money properly, so that money keeps building up over time. You have to save money properly, manage your business so that money doesn't stop building up, and finally, you have to enjoy your freedom by spending money with your family. So you have to be prudent in all aspects, freedom is not easy.

I completely agree with you, It is true that having more money does not mean true financial freedom. I would call true financial freedom the situation where money will not be a cause of any kind of stress and while money can eliminate all kinds of stress. A situation where you can choose whatever you want to do. The thing that actually help to build a situation like this is a skill, Through which you can make more money than what you spend.
Without a proper earning source money will start decreasing. That why when you are rich enough you still have to be disciplined about how much you spend compared to what you earn.

One thing I have noticed is that money is never enough, so a lot of persons are never totally rich of financially free like having a financial freedom because to remain rich a person will need to keep hustling continuously as the more you spend the more the money a person has decrease, so to maintain a certain financial level working even harder than ever and spending wisely is very important, that is why you will someone who was rich before but became poor over night and loses everything because he was not spending wisely and was not working hard by engaging or developing things that would keep generating profits for him, if employed it is advisable to get a personal business as well to keep the money flowing.

[ChocolateBitcoinK]

You're right, but there are a certain situations or point where money will be of no use especially if it has to do with life and death, but since that's not what we're talking about now, I will focus on the main topic. Money is essential in our lives and we all no that. The purpose of people prioriting being rich over stability is because they want to live their lives to the fullest, they want to live a luxurious life. As long as you're alive you will face different faces of life,, but no condition is permanent, and there is always light at the end of tunnel. In today's world if you don't have money you lose many things. Humans are unfair toward each other, mocking the less privileged people or downgrading them is not fair. The future is unpredictable, even if you are wealthy or healthy today, you might find yourself in another situation tomorrow, we should be careful how we treat others, because life has it own way of surprising people.

And from what I’ve seen, everyone who says money doesn’t bring happiness also says that there will always be certain problems in a person’s life that money can’t solve. For example, “Even if you have money, you can still get sick,” or “Even if you have money, you’ll die someday.”

These are very stupid arguments, because having money doesn’t bring any specific misfortune with it. Any bad situation that someone with money might face, a person without money might experience in an even worse way. It’s nonsense to link things that are inherent to being human to money.

For example, “Even if you have money, you can still get sick,” or “Even if you have money, you’ll die someday.”.
FUCK this example.

No life lives forever, but live like a king as long as you are alive.
Those who want to say with this kind of example that being rich does not mean happiness, they basically say this kind of thing to reduce the suffering of their own poverty.

You can be sick, but the advanced treatment that you get when you are rich, will you get this kind of advanced treatment when you are rich or poor?
There is no alternative to money, when you die it is a different matter, but as long as you are alive, money is everything, and this is the main happiness.

[JoyceBTC]

Being rich gives people options. The question of whether money brings happiness has long been a topic of debate, and in my opinion, money does bring happiness. That’s why people want money.

The more money you have, the more you can do in life. Humans are creatures who love choices and freedom. Who doesn’t love freedom? Just the mindset of being able to do whatever you want is enough to make a person feel at peace. That’s why money brings peace of mind, even if you don’t spend it.

Yes everybody wants to have money because of the joy it brings, and having money sorts a lot of problems for you. But on another angle, if we want to look at it, not all problems money can solve, even with money you can still be restless because you have all the money you want but money can’t solve your problem, not everybody gets lucky on this one.

[Hardyrobust]

I agree with you, being rich means getting yourself to a state where you can do anything, but you never have to worry about your limited balance.
You can buy whatever you want, go wherever you want, but in no case do you have to worry about finances, in my opinion this is financial freedom.
But yes, just spending money carelessly will definitely end all your money at some point. So you have to use money properly, so that money keeps building up over time. You have to save money properly, manage your business so that money doesn't stop building up, and finally, you have to enjoy your freedom by spending money with your family. So you have to be prudent in all aspects, freedom is not easy.

I completely agree with you, It is true that having more money does not mean true financial freedom. I would call true financial freedom the situation where money will not be a cause of any kind of stress and while money can eliminate all kinds of stress. A situation where you can choose whatever you want to do. The thing that actually help to build a situation like this is a skill, Through which you can make more money than what you spend.
Without a proper earning source money will start decreasing. That why when you are rich enough you still have to be disciplined about how much you spend compared to what you earn.

Having money means gaining financial freedom, however money should not be measured based on how much we have in our bank account. A man's wealth isn't measured by how much he has in his account but how many investment he has . So those there are people that has gained financial freedom by building different sources of income. They don't need to bother themselves with how they spend the money they have in their account.

[Swordsoffreedom]

Yes everybody wants to have money because of the joy it brings, and having money sorts a lot of problems for you. But on another angle, if we want to look at it, not all problems money can solve, even with money you can still be restless because you have all the money you want but money can’t solve your problem, not everybody gets lucky on this one.

Money can't solve every problem in this world, but it can solve many problem, as you said. So having money is still much better than not having it.

Having money doesn't guarantee happiness, but you'll definitely be much happier than when you have no money.

Having money means gaining financial freedom, however money should not be measured based on how much we have in our bank account. A man's wealth isn't measured by how much he has in his account but how many investment he has . So those there are people that has gained financial freedom by building different sources of income. They don't need to bother themselves with how they spend the money they have in their account.

There's no need to make everything so complicated. It doesnt matter whether your money is sitting in bank account or invested somewhere else, as long as you make sure its an asset that you actually own. What matter more is how much your assets are worth and what they can do for you, not where they are held. Having millions of dollars in bank account is still worth far more than owning only a few tens of thousand of dollars in BTC.

[Tongley]

Everyone has their reason why they want to be financially stable but the main reason a lot of people have for wanting to become rich is for them to be stable enough to live the life that they want. Being financially free comes with a lot of advantages and one of them is independence, you don't have to rely on anyone for anything, this is what makes life easier. A lot of people get exhausted when it comes to working for people. when you get rich you are free do whatever you like, people working for others don't really have that freedom.

Financial freedom is the main goal of people becoming rich and you are right about it, having that idea of being free from debt and living their lives to the fullest is exactly why people are struggling everyday to make or earn money or start up their own businesses, because working under another person could be really exhausting and may not really give one the freedom and the peace of mind they want, but still, it's important for one to be disciplined when they have the money to maintain their investment or wealth.

There is only one way to become financially independent and that is to do business. A person who cannot take risks will never be able to start a business or succeed in business. What is very clear to me is that to become rich, you have to take loans and take risks. Because to take big risks, you will definitely need money and you will have to take loans for this money. But yes, before taking every risk, you have to do proper research and proper management and consider how much profit you have. Taking risks does not mean that you will take risks like gambling.

To become financially independent, a person may have to give up all illusions and move forward with his goal. Because whenever a person wants to achieve a goal, many obstacles will come in the way and many past people or past events will try to stop you, but you have to move forward without paying attention to all these.

[DanWalker]

There is only one way to become financially independent and that is to do business. A person who cannot take risks will never be able to start a business or succeed in business. What is very clear to me is that to become rich, you have to take loans and take risks. Because to take big risks, you will definitely need money and you will have to take loans for this money. But yes, before taking every risk, you have to do proper research and proper management and consider how much profit you have. Taking risks does not mean that you will take risks like gambling.

To become financially independent, a person may have to give up all illusions and move forward with his goal. Because whenever a person wants to achieve a goal, many obstacles will come in the way and many past people or past events will try to stop you, but you have to move forward without paying attention to all these.

Yes, if you want to become wealthy, you have to step out of your comfort zone and take risk. And before taking those risks, you need to do your research and have a clear plan instead of acting blindly.

But its a bit much to say that running a business is the only way to achieve financial independence. You can also get there through investing or building multiple sources of income.

Also, you don't have to borrow money to start a business and become wealthy. There are plenty of way to build capital without taking on debt. You can start small and reinvest the profit to grow gradually.

[abaeze]

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.
      

I would like to add a little more to what you said and that is that another big reason for being rich is security. Food, clothing, shelter, medical care and education are all things that rich people can get safely these days but for those who do not have enough money, they have to sacrifice a lot to achieve these basic needs. Another reason for being rich can be the ability to control everything. Those who have money in the society have power and because of this power, people can be respected and move independently from everything. The main reason for being rich is freedom because what rich people do eventually becomes the rule. All the laws and restrictions that exist in the society are not for the poor people but for the rich. And that is why everyone wants to be rich.

 

Is it okay for me to discuss this issue here?

OP, you are in the right place to discuss this issue. Because this is the board where everything related to economics is discussed.

[Princess Leah]

Yes, if you want to become wealthy, you have to step out of your comfort zone and take risk. And before taking those risks, you need to do your research and have a clear plan instead of acting blindly.

But its a bit much to say that running a business is the only way to achieve financial independence. You can also get there through investing or building multiple sources of income.

Also, you don't have to borrow money to start a business and become wealthy. There are plenty of way to build capital without taking on debt. You can start small and reinvest the profit to grow gradually.

Taking risk is not a problem but a good management measures should be applied so it doesn't end up becoming a problem in the long run. Even running a business still need good management too but asides that there's also investment not just investing blindly but going into an investment you understand and can manage it well.

 At some point a business person might need to borrow money to support the business but not starting cause that's a risk, one need to make sure that the business is making progress before seeking a leverage to support it, that's part of the management skill i was referring to in my previous statement.

[Smack That Ace]

Having money means gaining financial freedom, however money should not be measured based on how much we have in our bank account. A man's wealth isn't measured by how much he has in his account but how many investment he has . So those there are people that has gained financial freedom by building different sources of income. They don't need to bother themselves with how they spend the money they have in their account.

Wealth should be measured by your net worth, not by the number of investments, income sources, or the amount of money you have in the bank.

You can own many different assets, but if your total net worth is still low, you can't really say that you're wealthy. Meanwhile, someone may only have cash or single asset, but if their net worth is very high, they're still wealthy.

When it comes to wealth, what matter is how much you actually own and what its worth, not how many types of assets or income sources you have.

[ayojikun]

Many people aspire to become wealthy a goal shared by almost everyone primarily to meet life's needs, which are numerous, diverse, and vary from person to person. However, there is more to it than that; there are various underlying reasons for this desire, such as the pursuit of the pleasures that come with wealth and the fulfillment of dreams like owning a luxury home which provide a guaranteed sense of for themselves

[Chilwell]

Being rich gives people options. The question of whether money brings happiness has long been a topic of debate, and in my opinion, money does bring happiness. That’s why people want money.

The more money you have, the more you can do in life. Humans are creatures who love choices and freedom. Who doesn’t love freedom? Just the mindset of being able to do whatever you want is enough to make a person feel at peace. That’s why money brings peace of mind, even if you don’t spend it.

Yes everybody wants to have money because of the joy it brings, and having money sorts a lot of problems for you. But on another angle, if we want to look at it, not all problems money can solve, even with money you can still be restless because you have all the money you want but money can’t solve your problem, not everybody gets lucky on this one.

I agree with your point, money have limitation in our life no matter how it is presence in front of us, it cannot do everything, but I believe it's can solve almost 60 to 70% of your problems. Is very good to have money because it give us joy and also make a lot of things easier for us to do. If you are broke that is when you will see the importance of money, because most people that have it today don't see it as anything simply because they have it in their hands.

I was watching a clip of a celebrity which was regretting just because of the money he have, set that ordinary people in join live more than them because they move freely without any burden from anyone. A lot of celebrities again are dying because of loneliness, depression and so many other things, they have the money but it cannot solve their problem. I need money that I can enjoy and also solve almost native percent of my problems.

[Lannakosa]

I agree with your point, money have limitation in our life no matter how it is presence in front of us, it cannot do everything, but I believe it's can solve almost 60 to 70% of your problems. Is very good to have money because it give us joy and also make a lot of things easier for us to do. If you are broke that is when you will see the importance of money, because most people that have it today don't see it as anything simply because they have it in their hands.

I was watching a clip of a celebrity which was regretting just because of the money he have, set that ordinary people in join live more than them because they move freely without any burden from anyone. A lot of celebrities again are dying because of loneliness, depression and so many other things, they have the money but it cannot solve their problem. I need money that I can enjoy and also solve almost native percent of my problems.

I think if you're talking about celebrities, it's a huge amount of money. I'd like to compare people who have to go to work every day just to have money to eat with people who have savings and can afford not to work for a salary, but rather run their own business or provide services without being subordinate to anyone. In that case, money will matter a little less, but you'll have freedom of choice, and I like that much more. It's not worth discussing celebrities because they achieve everything, they achieve through hard work, and it's not something they get for free.

[Saltysugar99]

Many people aspire to become wealthy a goal shared by almost everyone primarily to meet life's needs, which are numerous, diverse, and vary from person to person. However, there is more to it than that; there are various underlying reasons for this desire, such as the pursuit of the pleasures that come with wealth and the fulfillment of dreams like owning a luxury home which provide a guaranteed sense of for themselves

Human needs never end. Demands increase with time. As wealth and income increase, people's lifestyle changes. And once someone's lifestyle becomes luxurious, it cannot be returned to the previous stage . It is not bad to have the goal of becoming rich, but he should keep a balance in his lifestyle. It is not right to increase demand too quickly. People's income can stop due to various reasons. There are many people whose financial condition can destroy from being rich in a very short time. Thinking about this, when a person becomes rich, he should balance his lifestyle. Otherwise, new demands will be created and expenses will continue to increase. While becoming rich he should think that the wealth will provide a feed back for a long time. He should have a savings type mentality so that he has the habit of retaining wealth. Only then will financial security be ensured in the future.

[Doll2233]

Aside from having financial freedom, people desire to get rich because they want more independence and peace of mind. With multiple sources of income, people may decide to stop working anymore and be their own boss, and gain more peace of mind because paying bills will never be an issue now and they can do whatever they want, go wherever their dream destinations because there's always sufficient amount of funds readily available to spend.

Now the problem is, can they sustain their riches in life? It depends how they navigate their riches in life, some might be smart enough to maximize their investments and continue to grow their profits, while others just enjoy their luxuries in life and spend millions without even thinking what will be their future be like.

Being rich having money to buy any expensive thing is about the freedom and security that money can provide  . If you have money to cover expenses without depending on anyone without depending on the salary can reduces the financial stress and open more choices in life . However becoming wealthy and staying wealthy for longer run are the two different challenges.  There are people who become rich very quickly they have a lot of money but then they lose it . May be they do poor investment or they make bad financial decision . That's why financial knowledge is very important so that a person know that how to invest and where to invest and what is the good time to invest money . So that they don't lose it. wealth is much more meaningful when it is preserved and managed in a proper way for the longer period of time rather than just spending to maintain an expensive lifetime for a short period of time

[Salahmu]

I agree with your point, money have limitation in our life no matter how it is presence in front of us, it cannot do everything, but I believe it's can solve almost 60 to 70% of your problems. Is very good to have money because it give us joy and also make a lot of things easier for us to do. If you are broke that is when you will see the importance of money, because most people that have it today don't see it as anything simply because they have it in their hands.

I was watching a clip of a celebrity which was regretting just because of the money he have, set that ordinary people in join live more than them because they move freely without any burden from anyone.

I don't think money only covers 70% problem in people's life because almost everything requires money so actually it plays more than 90% role in our life instead, that's why becoming rich should be the ultimate goal for everyone because you will not experience suffering or hardship in this life, however you are right because the best way to sight at the importance of being rich is when a person has been in a state were a meal in a day is not quaranteed that's when they would no how powerful it is to be rich in this life. Isn't that an irony of wealth and poor?, imagine how the celebrity would be wishing to be poor so that he would experience an ordinary life while on the contrary the poor wants be rich, perhaps if the celebrity had experience poverty he wouldn't have made such wish.

[Princess Leah]

~~~

I don't think money only covers 70% problem in people's life because almost everything requires money so actually it plays more than 90% role in our life instead, that's why becoming rich should be the ultimate goal for everyone because you will not experience suffering or hardship in this life, however you are right because the best way to sight at the importance of being rich is when a person has been in a state were a meal in a day is not quaranteed that's when they would no how powerful it is to be rich in this life. Isn't that an irony of wealth and poor?, imagine how the celebrity would be wishing to be poor so that he would experience an ordinary life while on the contrary the poor wants be rich, perhaps if the celebrity had experience poverty he wouldn't have made such wish.

If that celebrity is serious then he should will everything he has to the orphanage or forfeit his wealth and live a common man's life, l doubt he'll do that so let's not be decieved by all these wealthy people that make us feel money isn't important. One would only lack peace when the money they made isn't clean or battling with a health challenge their money can't solve or family crisis not cause they have money.

 Being wealthy is everyone's dream, who doesn't like financial freedom, it solves lots of problems than we can imagine that's why i don't argue with the 90% you mentioned cause it's reality, or is there anyone that would choose suffering or wealth?