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Author Topic: For wealth to be achieved, greed must be applied.  (Read 248 times)
Olotu20 (OP)
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Today at 12:42:16 AM
Last edit: Today at 01:12:09 AM by Olotu20
 #1

A critical and emperical look at does who are wealthy, and are up there in the financial pyramid is that, when it comes in the area of finance is that, such people are considered very greedy. This is the narrative that the general public which is made of the poor and average looking people consist of. Wealth is not achieved by accident or by even shared luck, but wealth is a commulation of deliberate and intentional effort that are taken by individuals who are tired and is ready to change their financial situation. This is the reason why you will see those who are living above the average level often been called greedy by family members and people around them who are not living intentional life's or are neither disciplined when it comes in the area of finances and it management.

Achieving wealth means that, one has to become financially and emotionally disciplined and not view the world with emotions but, approach everything no matter what,  comes your way with emotional intelligence. In such a way that will be profitable to them self. This is the reason why the wealthy doesn't spend money any how, if you do a study of the wealthy you will find out that about 70%- 80% of the wealthy people live intentional life's not moved by their environment but is focused and wanting to create value and solving a problem in their immediate environment. A typical examples is the number of children that they give birth to, a typical wealthy man will have an average of three to four children. And even in everything area of their lives, is modest and highly regulated.

But this is not the case with the poor and those who are below that average line. You will see a man, who is struggling with two to three wife's with girlfriends with up to six to ten children on the average living a Life that, they can't in the real Sense maintain. The children of these types of people are the once that will be calling others wicked uncle's and auntie in their ignorance because they didn't ask critical questions and is not aware of the realities on ground that their parents didn't live intentional life's.

The road to the country of wealth is not easy and is not achieved without you offending the usual protocol that, the every day man abides. And that is always releasing money in their possession and thinking that they will receive. The fact is that wealth is created with elements such as greed, discipline, self control which has to do with depriving yourself some pleasures at the initial stage of your life. Creating wealth means taking concrete steps such as investing in sector's that has future potentials, developing yourself in skills development which will help in generating wealth and limiting the way that they release money in our possession. The wealthy always ask themselves these critical questions before releasing money from their hand will this money am about to release has economic importance to myself, in terms of value creation, will it add more money to them back and not just for the purpose of releasing it.

So the next time you call someone greedy take a deep reflection before calling them names because, some of the people we call greedy are not greedy but is only intentional about their finance.
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Today at 04:23:16 AM
Merited by viljy (1)
 #2

I must be honest, I really dislike this fixation you people have on wealth and wealthy people.
Why have we made money the most valuable thing in this world? Don't get me wrong, I understand how important money is, and I am also looking and working hard for it because I know I can't enjoy life without it, but we have made it the ONLY important thing in life, and it shouldn't be so, in my opinion.
Because of how we have made money the only god, anybody who has money gets a pass.
I haven't heard arguments with people about an idea, and they will tell me, "If Elon Musk thinks like that, then who are you?" Really? Is that what we've gotten to as a society?
I refuse to think like that. I refuse to believe that because a person has money, he is the wisest and smartest or most intelligent person. I refuse to make money and wealth my North Star even though I work very hard for it and need it in my life.
On social media, whenever news breaks that a particular person committed suicide, you would see the usual performative gimmick of "If you need to talk, please call me", "I'm here if you need someone to talk to, I don't judge" and many other bullshit, but after a while, when the buzz has died down, you will see the same people saying, "If it's not money business, don't call me".
It's really sad to see the kind of society we've turned into.
It's this kind of behaviour that makes people do anything for money.

Back to your main point.
There is a thin line between greed and ambition.
I don't believe you need to be greedy to be wealthy. You just need to have ambition. Greed means you are ready to get it by any means necessary. You're ready to cross any line just to get what you want. With ambition, you have an inner drive to work for what you want.

And this misconception of thinking wealthy people have their shit together and they are very disciplined needs to stop. You don't know their inner life. You don't know the mess they're dealing with. You only see the mess of non-rich people because they don't have the money and luxury to cover it up. Their lives are as messy as the rest of us.
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Today at 05:54:20 AM
 #3

Wealthy people tend to command more respect and receive preferential treatment from others. Their words are often regarded as pearls of wisdom, and hardly anyone dares to contradict them. While I may not like it, this is simply the reality of life. We cannot create a utopia where people interact without regard for wealth or money. We might try to avoid fawning over the wealthy, but changing society's overall perspective seems nearly impossible.

I agree that the wealthy are more ambitious than the average person. However, I believe they often harbor a greed to acquire and control every link in the trade chain. It seems to me that the capitalist economic system fosters this kind of greed among the wealthy. The line between ambition and greed is often blurred; consequently, it appears that the ultra-wealthy possess an inherent greed—even if it doesn't necessarily manifest as criminal acts or the ruthless elimination of competitors solely to amass more riches. After all, isn't controlling the entire supply chain—from factory to consumer—also a form of greed? Or perhaps it is merely ambition; in a capitalist system, controlling the supply chain allows them to drive down production costs and maximize profits.

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Today at 05:54:27 AM
 #4

A disciplined person is not necessarily stingy or miserly, we can not also calling them greedy and cruel. Being careful with money doesn't mean maximizing wealth at all cost, i see discipline as planned. I've been through a lot of ups and downs, been at a minus point and went through a phase of buying without looking at the price tag. My hands have been in a low position, and they have been in a high position. I understand just how shallow the thinking of someone in need of help can be. We can help once or twice, but don't let it become a habit.

For me hard to say no or I always worry about offending others, actually these habit making things difficult for theirself. To ease the turmoil in my heart, I am taking a financial planning class. Since 2009 I put it into practice in my daily life and i realize that wealth has principle without universal formula. Being wealthy not only about wealth accumulation and generate more money but how to manage the risk of uncertainty for every financial decision we choose.

For me what matters is not merely how much money we can spend or save but ensuring that every sum of money has a clear allocation and purpose, which money should work, which money should be protected, and which money should be enjoyed and which money should be beneficial to others, which mean we must say no when spending does not align with our purpose and priority but we must say yes when money should be use.

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Today at 05:58:40 AM
 #5

Back to your main point.
There is a thin line between greed and ambition.
I don't believe you need to be greedy to be wealthy. You just need to have ambition. Greed means you are ready to get it by any means necessary. You're ready to cross any line just to get what you want. With ambition, you have an inner drive to work for what you want.

And this misconception of thinking wealthy people have their shit together and they are very disciplined needs to stop. You don't know their inner life. You don't know the mess they're dealing with. You only see the mess of non-rich people because they don't have the money and luxury to cover it up. Their lives are as messy as the rest of us.
It's the same way people look at celebrities and think their lives are perfect but when a celebrity couple ends up separating and all the baggage they've had to cover comes out people realize their lives weren't perfect. People forget that they don't know these wealthy people, not in the same sense that they know their poor neighbour and because you've seen your poor neighbour with more children then they can train (a regrettable turn of event, people shouldn't have more children then they can handle) they forget that the said rich and wealthy can have children outside of their marriages that the world wouldn't know about.

I respect wealthy people, especially those who grew their wealth themselves because I understand how hard life can be for someone who's trying to create wealth for themselves and while greed can be a driving force for some, it is not what drives everyone, sometimes just not wanting your children to grow up the same way you did can be what drives you to pursue wealth, that intentionality makes all the difference.

R


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Today at 06:04:54 AM
 #6

A critical and emperical look at does who are wealthy, and are up there in the financial pyramid is that, when it comes in the area of finance is that, such people are considered very greedy. This is the narrative that the general public which is made of the poor and average looking people consist of. Wealth is not achieved by accident or by even shared luck, but wealth is a commulation of deliberate and intentional effort that are taken by individuals who are tired and is ready to change their financial situation. This is the reason why you will see those who are living above the average level often been called greedy by family members and people around them who are not living intentional life's or are neither disciplined when it comes in the area of finances and it management.

There are two different schools of thought about wealth accumulation. Some see rich people as greedy, while others believe their wealth results from value creation. Those who see them as greedy thinks they are hoarding wealth that should have been distributed to others. If someone legitimately builds his wealth, those calling him greedy are envious or ignorant.  

Quote
Achieving wealth means that, one has to become financially and emotionally disciplined and not view the world with emotions but, approach everything no matter what,  comes your way with emotional intelligence. In such a way that will be profitable to them self. This is the reason why the wealthy doesn't spend money any how, if you do a study of the wealthy you will find out that about 70%- 80% of the wealthy people live intentional life's not moved by their environment but is focused and wanting to create value and solving a problem in their immediate environment. A typical examples is the number of children that they give birth to, a typical wealthy man will have an average of three to four children. And even in everything area of their lives, is modest and highly regulated.

But this is not the case with the poor and those who are below that average line. You will see a man, who is struggling with two to three wife's with girlfriends with up to six to ten children on the average living a Life that, they can't in the real Sense maintain. The children of these types of people are the once that will be calling others wicked uncle's and auntie in their ignorance because they didn't ask critical questions and is not aware of the realities on ground that their parents didn't live intentional life's.

The Telegram founder Pavel Durov has about 100 biological children. Xu Bo, the Chinese billionaire, fathers about 100 children through surrogacy schemes. Elon Musk and Farris Wilk also have many children. The culture of having many children among low-income earners is diminishing. Even followers of religions that promote polygamy are changing this practice because it is becoming expensive to raise children. I also think that people are getting poor these days not because of extravagance but because of bad economic conditions.

Quote
The road to the country of wealth is not easy and is not achieved without you offending the usual protocol that, the every day man abides. And that is always releasing money in their possession and thinking that they will receive. The fact is that wealth is created with elements such as greed, discipline, self control which has to do with depriving yourself some pleasures at the initial stage of your life. Creating wealth means taking concrete steps such as investing in sector's that has future potentials, developing yourself in skills development which will help in generating wealth and limiting the way that they release money in our possession. The wealthy always ask themselves these critical questions before releasing money from their hand will this money am about to release has economic importance to myself, in terms of value creation, will it add more money to them back and not just for the purpose of releasing it.

I accept that rich people go the extra mile to achieve their aim. However, I don't believe that they need to be greedy to become rich. They are passionate or ambitious. Being ambitious has some advantages, and we have seen billionaires create helpful products and create employment. There are many rich people who are giving back to society by supporting humanitarian causes.

Quote
So the next time you call someone greedy take a deep reflection before calling them names because, some of the people we call greedy are not greedy but is only intentional about their finance.

If you think someone who is creating value and generating wealth is greedy, you are free to create yours.

R


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Today at 06:44:29 AM
 #7

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I must be honest, I really dislike this fixation you people have on wealth and wealthy people.
Why have we made money the most valuable thing in this world? Don't get me wrong, I understand how important money is, and I am also looking and working hard for it because I know I can't enjoy life without it, but we have made it the ONLY important thing in life, and it shouldn't be so, in my opinion.

It seems to me that you are virtue signaling or something. Grin "Look at me, I'm morally superior than you. I don't care that much about money. You are just way too fixated over wealth and money!" Grin
The saying "money can't buy happiness" is the biggest lie I've ever heard. Money can definitely buy happiness. Money can give you freedom and comfort. A man, that has money can attract good looking high quality women in his life. The Biological imperative is closely related to the Consumerist imperative. If you are broke and homeless, no woman is going to look at you as potential boyfriend/husband material and treat you with respect.
Anyway, a healthy level of greed is necessary for every man, who really wants to achieve something meaningful in his life.

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Today at 06:56:08 AM
 #8

The interesting part of this argument is that what we actually call greed can sometimes just be financial discipline from the outside but personally I will still separate greed from being intentional. Someone can be extremely disciplined with money without being greedy while some other persons can be greedy despite having little money. The difference may be what the person is willing to sacrifice in order to get more money.

Also I am not completely convinced that having fewer children or spending less automatically shows financial discipline.A wealthy person can can make a poor financial decision too, just in a large scale.
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Today at 06:56:44 AM
 #9

There are two different schools of thought about wealth accumulation. Some see rich people as greedy, while others believe their wealth results from value creation. Those who see them as greedy thinks they are hoarding wealth that should have been distributed to others. If someone legitimately builds his wealth, those calling him greedy are envious or ignorant.  
Any wealthy person that provide jobs for tens or hundreds or thousands of people should not be called greedy, but some people will not understand that. They think the wealthy people have all the money in the banks or in fiat but they are very wrong. Most of wealthy people money are in stocks, business properties and other things that are not in banks. They can complain but they are more greedy and ignorant. Rich people had to the economy, they pay more taxes that are used for the development of the country.

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Today at 07:59:13 AM
 #10

A typical examples is the number of children that they give birth to, a typical wealthy man will have an average of three to four children. And even in everything area of their lives, is modest and highly regulated.

But this is not the case with the poor and those who are below that average line. You will see a man, who is struggling with two to three wife's with girlfriends with up to six to ten children on the average living a Life that, they can't in the real Sense maintain. The children of these types of people are the once that will be calling others wicked uncle's and auntie in their ignorance because they didn't ask critical questions and is not aware of the realities on ground that their parents didn't live intentional life's.

You see this post right here, I don't agree with it. We also have wealthy people with wives and many children. The richest man for example said he has up to ten children. So were did you get your facts from? It's all about preference and what they want. Don't make it look like as if rich people want less children and just one wife and a poor man can't control himself thereby having many children. What about the poor men with one wife and one kid? What about the rich man with seven wives and 15 children. Check well, wealthy men like that exist. It's all about what type of family they want to have and how they were brought up from birth and the type of religion they fall under. Not all poor men want many children and wives and girlfriends. And not all wealthy men want one wife and few kids.
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Today at 08:32:36 AM
 #11

So the next time you call someone greedy take a deep reflection before calling them names because, some of the people we call greedy are not greedy but is only intentional about their finance.
unnecessary Sense of entitlement is the main reason why the average dude considers the way in which a rich man spends is money to be greedy or selfish. there are a lot takers out there and if you want to give without holding back, you will give to the degree that you turn out to become the beggar.

As you become wealthy, the need to get more wealth comes and rather than throwing your money into peoples lives just to get their applaud, people most times choose to invest their money in times that will make them more wealthy. that is called proper financial management and if you lack it, it only means that you are not ready for growth. same dude you are referring to as a greedy fellow will build another stream of income through the money he didn't throw at you and the alternative stream of income will give him the ability to even give more money out if he decides to do so. greed is an unhealthy word to be used on someone that decides what his priority are. even if you tag them to be stingy, most of them still deny themselves a lot of wants just so they can attain a level of financial stabillity.

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Today at 09:17:49 AM
 #12

I wouldn't call wealthy people greedy, ofcourse some of them are greedy but poor people are also greedy so greed is not really about class, it is human nature, instead I will say that wealthy people are very ambitious, they always want to increase their wealth. Being rich or wealthy starts from the mindset, they are productive people and after they have worked hard and made sacrifices to achieve wealth I don't think that it would be fair to categorize them as greedy. Genuine business people are not greedy, it is fraudsters that are greedy.

God created us to be fruitful and to continue to multiply, if you plant one seed and water it you should expect to reap many fruits in harvest, the rich knows how to multiply their riches because they are smart. Many poor people don't know how to create wealth and that is why they will always see rich people as greedy yet they are working for the same rich people instead of thinking about how to invest their time and money to get multiplied returns to get out of poverty. Remember that you don't have to be very rich to live a good life.

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Today at 11:51:07 AM
 #13

This is the reason why you will see those who are living above the average level often been called greedy by family members and people around them who are not living intentional life's or are neither disciplined when it comes in the area of finances and it management.
This is common misconceptions everywhere, where they call you greedy for refusing to give them your own hard earned money and though it is common, it is very terrible. Since there is no general perspective, everybody sees the world from thier own perspective so regardless of what you do somebody somewhere will call you greedy and evil.
That said tho, I must confest that I think to gain a very massive amount of wealth, you must have done something from my own perspective that's is evil not even greedy unless you were born into wealth already but I must confess I do have that bais sometimes.

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Today at 12:27:29 PM
 #14

I think the term wealth management is more appropriate over the Greedy word here.

Those who are born poor and raise a huge family thinking that more hands on deck means more money incoming, dont factor in the more mouths to feed before they start earning money. Lack of education, sanitation, malnutrition and soon enough diseases and death start creeping into the family.

This type of family will never become rich but the one who understands the values of our ancestors, like monogamous relationship, keeping a max of two children, investing in their well being and education will surely see the "richness" in the future.

 
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Today at 01:18:39 PM
 #15


So the next time you call someone greedy take a deep reflection before calling them names because, some of the people we call greedy are not greedy but is only intentional about their finance.
Well, people also need to understand the hardships that those who are now wealthy have faced from before they became rich all the way through to becoming wealthy. They’ve gone through difficult times; they’ve learned from those hardships; they’ve faced problems and overcome them. Armed with that experience, they’ve become stronger, smarter, and more accomplished than the average person. So those who now stand among the top 1% of the world’s wealthiest are the ones who’ve traveled a difficult path that the average person might not be able to handle. People usually only look at the surface or focus on the end result. They forget to examine the process these wealthy individuals have gone through. The wealthy are those who always think positively, so sometimes the problems in society can actually become positive opportunities to help others and also gain benefits from that help. This is in contrast to people who are accustomed to complaining about life and often blaming others. So, it’s a matter of mindset and way of thinking.

 
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Today at 01:43:29 PM
 #16

There are two different schools of thought about wealth accumulation. Some see rich people as greedy, while others believe their wealth results from value creation. Those who see them as greedy thinks they are hoarding wealth that should have been distributed to others. If someone legitimately builds his wealth, those calling him greedy are envious or ignorant.  
Any wealthy person that provide jobs for tens or hundreds or thousands of people should not be called greedy,

Providing jobs for people those not mean that you are generous, let’s take for example you own a hotel, before you can run the hotel and make money from it you need to have employers because they will be the one to manage the hotel for you in order for you to make money, if you don’t employ someone you cannot make money from that hotel.
No matter the business you have you need to employ people.
Rich people do not make money by going to the forest to plug money they make money by investment and people are the ones working out the money for them so employing people does not mean that you are generous.

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Today at 02:06:32 PM
 #17

Yes, that's right, for me the word "greed" does not strongly characterize successful and rich people. Rather, I would say that these are people with a practical mindset, those who do not spend their money recklessly. Especially if we talk about large amounts, then you are unlikely to find a person with a thick wallet who will just throw money around, as a rule, they are always very prudent about what and to whom and how much to pay to whom. But I also know several people in my country who give very generous tips and give rich gifts, and obviously they have some allocated capital for such actions. Therefore, when we see that someone is wasting money, it does not mean that the person does not know how and does not understand where to spend money. At the same time, we may see someone who is very successful but in some cases unwilling to pay, as he does not see any benefit in this.

Financial management is always a characteristic of a person, and the word "greed" is completely unsuitable for those who know how and where to invest their funds.

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Today at 02:22:25 PM
 #18

I wouldn't call wealthy people greedy, ofcourse some of them are greedy but poor people are also greedy so greed is not really about class, it is human nature, instead I will say that wealthy people are very ambitious, they always want to increase their wealth. Being rich or wealthy starts from the mindset, they are productive people and after they have worked hard and made sacrifices to achieve wealth I don't think that it would be fair to categorize them as greedy. Genuine business people are not greedy, it is fraudsters that are greedy.

Greed is part of human nature, so it's only when a person have it in excess it becomes a problem, because even the poor are very greedy.
Fraudster are criminals, it's not about being greedy in excess or not, what I know that the rich do have is good money management skills more than the poor, because a poor person would rather spend so much money on foolish things just to look rich, than being truly rich, that is why those poor people that won a lottery returns back to poverty after a few numbers of years because they don't know how money works or makes their money work for them.

So what am trying to say is that greed is a normal thing that everyone has, but it becomes a problem when an individual possesses it too much, but op is wrong to think that you need to be greedy in excess if you want to be wealthy, because being ambitious and a good money management skills is all you need.

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Today at 02:49:31 PM
 #19

I don't know whether we should call that greed or the desire to be rich.
Can't we define greed and the desire to be rich differently?
I think we can consider those who work hard to get something and work tirelessly to increase their wealth without changing their wealth as greedy, as opposed to calling them greedy.
And we can call those who want to earn more wealth by taking risks on their wealth.
But if the desire to be rich is considered greedy, then I am inclined to be that kind of greedy.

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Today at 03:00:00 PM
 #20

I think you're mixing up greed with discipline. Saying no to a relative asking for money every week or not spending on things you don't need isn't greed, it's just managing what you have.

In my opinion, greed is when you want more at the expense of others. And yes, I'm sure most people will disagree with this definition, and just blame people who want to succeed in life as "greedy". Poverty is in the mind.

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