Hard work does not guarantee wealth but yes where you store the value.

[marrcelo]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money. The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

[Byebyebtc]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money.

Where we store the money is what will guarantee wealth? Except I'm investing I don't put my everyday money in Bitcoin, it's a volatile market so it will definitely affect me if I withdraw at a lower price compared to when I bought, so basically I invest regularly long term, but I don't involve my everyday money especially with the fact that I run a business. But I do save money in Bitcoin especially for long term savings

[Sobz]

I know there is more for one to become wealthy, and it is not just being anout hardworking but howone also manages money also matters but doing all these doesnt guarantee wealth. There are so many people who have worked so hard and managed theur money in the best way they could.
Being financially stable and and being wealthy are two different things. Working so hard and investing money well can make one to be financially stable but when it comes to weath their is more to this. Wealth have to do with the people you have around and the opportunity at hand . It is not what everyone can just achieve.

[BIT-BENDER]

It is better places that let your money work for you, don't own fiat but have assets, although asset doesn't guarantee wealth owning a good asset as your store of value increases your chances.
I won't tell you that Bitcoin should be your only option but it is the good decision. But be aware that wealth is built over time so don't think it's a short term thing.

[demonica]

I do agree that it’s one thing but it’s not really just about where we store money. Storing money or saving it is part of financial management, so I think financial management in general is what helps you or us to grow our wealth.

Bitcoin is a great investment if you want a long term one. But aside from Bitcoin, there are also a lot of other investments where we can grow our money instead of just saving it in banks. Most rich people use their earnings or profit into investing in other businesses or income-generating investments. They don’t settle with one source of income or one business, and they often venture out to different industries. And that’s part of financial management, knowing and properly allocating your funds into different baskets like savings, bitcoin, stocks, and other businesses for it to grow.

[Ummeettaa]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money. The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

Hard work might not guarantee wealth, but it can increase the chances and value of how wealthy the person might becomes when he/she  starts investing in Bitcoin.

Without hard work life itself cannot be favorable, because we need hard work in all our daily struggles to be able to survive, and leave a comfortable life.

Hard work is required even before starting investing in Bitcoin, because one must need hard work and dedication to learn about how Bitcoin works or what it is for his/her investment to likely be a success.

For a Bitcoin investor to be able to also follow some attributes and factors of investment, hard work is also necessary because without hard work to be able to earn more funds after investment, the invested funds might be urgently needed after investment is being done even if it's has decrease in value.

One of the reason why I also think hard work can increase the rate and chances of someone's wealth is, someone that works hard to earn a huge sum will have the advantage of setting aside huge amount of discretionary income, that can be use for Bitcoin investment when the time is right.

Where we store the money is also important  as hard work because no matter how much you have and didn't save it in the right place, it as good as gone.

But without hard work where can you even see the money to be able to invest and save.

[trendcoin]

Yes, we should save our money in assets with a fixed supply; we should not save it in assets tied to an infinite supply and unstable interest rate policies, such as fiat currency. However, in addition to OP, I’d like to point out that we can also convert our money into productive assets. Sometimes this might be a home that generates rental income; sometimes it might be a piece of machinery we can rent out; and sometimes it might be a commercial vehicle that generates a different kind of economic value. Making our money work for us is just as important as storing it in the right place...

[Taricoins]

Yes, we should save our money in assets with a fixed supply; we should not save it in assets tied to an infinite supply and unstable interest rate policies, such as fiat currency. However, in addition to OP, I’d like to point out that we can also convert our money into productive assets. Sometimes this might be a home that generates rental income; sometimes it might be a piece of machinery we can rent out; and sometimes it might be a commercial vehicle that generates a different kind of economic value. Making our money work for us is just as important as storing it in the right place...

Yeah I wanted to also state that, Bitcoin is not the only investment scheme we have, although a very assured one, we can also dive into other conventional investments like lands and properties that can accrue profit over a long period of time, at this point, but things like land promises more profit than Bitcoin in my region.

Still what is the guarantee that you can even get money to invest with all the hardwork, hardwork does not guarantee productivity, you can work really hard and still end up spending all your income on eating [i.e eating from hand to mouths]

[Ruttoshi]

I agree with you OP and this is the difference between those who are wealth and those who aren't. The smart ones put their extra funds into long term assets in order to save the value of their funds and to generate profit for them in the future. But those who don't understand this keep their savings in the bank and allow inflation to eat up the value and they become broke in future.

Bitcoin is a good asset to save your funds from inflation compared to any traditional investment and this is why, people are advise here in the forum to buy bitcoin and accumulate with DCA overtime so that, they can enjoy the little more they were able to use in accumulating bitcoin when they're old because Fiat losses its purchasing power overtime.

[cxtreenal]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money.

The saying that hard work does not guarantee wealth is not true for everyone. You have to work hard with a specific goal in mind. You have to be efficient in your work and be strict in managing your funds, only then will you be able to build wealth. Fiat must be available for your daily living. Build a Bitcoin holding with excess fiat as a hedge against inflation.

The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

Bitcoin has a fixed supply (21 million), most of which have been mined. It is not true that the does not lose value, but for long term investors, Bitcoin is a store of value. Since the supply is limited, it is almost certain that the price of Bitcoin will go higher in the future. Price volatility has made Bitcoin more valuable.

[YOSHIE]

Hard work does not guarantee wealth but yes where you store the value.

For me, hard work is the first step for someone to produce value or income, wealth does not come for free without hard work, Once someone has an income of established economic value, they can place that wealth as the main key financially.

How can you, without working hard, use instruments to store value that becomes productive assets such as investments, property and so on.
I just heard that someone working hard does not guarantee someone will become rich, in my view the instrument is very wrong, on the contrary, hard work will determine whether someone will achieve their financial goals from an economic perspective.

[Bluedrem]

If one could become rich only by working hard, then daily wage earners would be the richest and they would have the most wealth. To become rich, one has to work hard at the right place at the right time. Only if one works hard in accordance with the place, location and need, can one realize the full results of one's hard work, that is, become wealthy.
Also, even if one earns money through hard work, a person does not become rich. One has to retain money through proper management of money and invest money in the right place.

[batang_bitcoin]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money. The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

Inflation is high these days and that's why money that's saved in the bank or your vault is going to have lesser value. The spending power of your money degrades if you don't use it properly. While you have the guarantee that you have some money but the value decreases if you're not aware of the inflation. We work hard so that we'll save some money in the future but, we also need to be wise and understand that we'll not work hard forever and so let our money work for us and itself when we have invested it properly to the assets that are appreciating like bitcoin. Someone who invests in it needs to understand that its volatility is part of it and you should just accept it because if it's not volatile, there won't be any appreciation in price that will happen.

[BlackHatCoiner]

In the long run, yes, it is the store of value the determining factor for whether you will grow wealth or not.

In the short term, it is absolutely not. You should develop cashflow skills regardless, and it's those skills who will get you anywhere in life. The ability to make money from nothing is what makes you the most adaptive.

What if you lose the bitcoin? What will save you then? Only yourself. Focus on making money today.

[Cryptomultiplier]

If one could become rich only by working hard, then daily wage earners would be the richest and they would have the most wealth. To become rich, one has to work hard at the right place at the right time. Only if one works hard in accordance with the place, location and need, can one realize the full results of one's hard work, that is, become wealthy.
Also, even if one earns money through hard work, a person does not become rich. One has to retain money through proper management of money and invest money in the right place.

Investing money in the right place and in the right project certainly does the trick to get wealth and that's why working smart is better than working hard every time the issue is brought up.
Bitcoin levels this playing field, in that it has the potential to appreciate in value overtime, and that's why it is considered a hedge against inflation, digital gold asset created to make the money one earns and accumulate in Bitcoin worth much more over long term holding plan.

It's just the smart play that everyone who intends to be wealthy should adopt even though it might not be easy to start accumulation at the onset,  it discipline, consistent effort and knowledge of risk management helps the practice of accumulation become easier by the day and this is when wealth can be foreseeable in the future.

[DiMarxist]

You are making a very important point here, one of the things that guarantees wealth in the long run is were you are storing your wealth. Just as you have rightly put it money ( Fiat currencies) are prone to losing it value over time due to the effects of inflation. Hence the need to think of a way to protecting your money from kissing value due to inflation.

Bitcoin as an asset and investment prospects, has always been discribed as a store of value and acts against the devaluing effect of inflation. We should think about our financial well being when ever we are making any financial decisions especially, when it comes to saving our money. There are people who are still saving their money in the bank. Such money doesn't add value to your financial growth, Bitcoin is one asset that when used in saving your money can guarantee wealth on the long run when invested properly.

[Maslate]

Prioritize bitcoin over fiat, and invest for long term over short term gains, that way wealth can be achieved in the long run. Or much better if you can diversify your investments aside from bitcoin, like investing in real estate, gold, stocks, once everything will paid off, all of these will eventually provide you multiple flows of income and make you rich and wealthy in the end.

Hard work alone may not guarantee wealth, but diversification of potential investments will.

[348Judah]

Hard work really pays; it is not an equal equation to making wealth. It can help us attain our desired goal faster, but it does not give us a guarantee or assurance of what we may become, except when we are lucky and it works out perfectly as we wanted; those who are involved in hard work barely make it to fortune or wealth in life. Those who think with their head and have the right idea needed, they mostly make it faster than those with only the mentality of hard work to success.

[Fortify]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money. The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

That's your rather bad interpretation of the advice here but not necessarily what everyone else is seeing. There is a small group of people who get lucky in life - they win the lottery, they get born into a rich family with an inheritance, they have the right connections to get a top tier job, etc. However the majority of everyone else will have to struggle and work very hard to get ahead of the pack. If you act average throughout life you can do ok, but you'll never really be exceptional, yet if you can dig deep with a lot of discipline and commitment - along with a realistic end goal, then it can pay off very well for you a few decades down that line. Don't expect it to come quickly though and you have to be very smart with your finances, looking for value and sticking to a budget, but none of that really had to do with bitcoin and is just the underlying mentality you need to be successful.

[Zlantann]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money. The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

If you take a close look at the lives of successful people, you would identify hard work as a major characteristic. Most of them put in so much work in their endeavor to achieve their goals and objectives.

I would have to accept that money that is well managed will not last for a long time. This is why some people win or inherit wealth, yet they lose it after some time. The reason is that they didn't invest it in valuable assets or businesses. Rich people don't keep fiat in the bank because they know the effect of inflation. Rather, they ensure that they invest and the profits are used to finance their expenses.

Those who are worried about the volatility of Bitcoin are either ignorant or aspiring to make quick profits. Bitcoin has proved to be a good hedge against inflation.