Best strategies and worst strategies ?

[Solokan]

In my opinion, almost everyone wants to be rich, but it's certainly not easy because it requires extra effort and certainly isn't instant

The way to become rich is to have a wealth of knowledge and insight, and to maintain a positive mindset. Don't give up on a job or business you're pursuing. If you experience failure, it's better to learn from your failures to avoid them again. However, there are many paths to becoming rich, as long as you're willing. Especially in today's digital age, where you can easily build a company or business, including becoming a content creator or other businesses. However, in the initial stages, if you have a minimal income, you should only buy what you need. You should also set aside funds for investment and to build your company. However, I definitely think it's better to run a business that aligns with your hobbies

[Jubilee58]

Today I was reading the of Morgan Housel ' The psychology of Money'. In the page no 28 there are 3 questions asked
1) What investing strategies work? Which ones don't?
2) What business strategies work? Which ones don't?
3) How do you get rich? How do you avoid being poor?
I would love seeing your answers of these questions because nothing comes to my mind whenever I see these questions.

In every given business, the investing strategy that the investor or the business would use depends on the type of goods or asset you are investing on, and also the risk tolerance of the investor. Let's take for instance you desire to invest in digital assets like Bitcoin or stock, these are assets that can yield good profit or reward investors on the long run, so the best strategy for this kind of investment is just to invest for long term, but if you lack patience, and you invest to make profit within a short period of time, you are already using the wrong approach or strategy.
As a business man or an investor, the strategy you deploy in running your business depends on the type of business you are doing, and i think the same strategy will not work for every business. However, I think there are general strategies that every business person should use to make his business successful, such as good product advertising, reaching your targeted audience, ensuring products quality, and ensuring good customers services, these are some good business strategy that a business person should use to make headway, and any business that entirely lack this strategies stands to fail.
Getting rich is not as easy as some people think, even one can loose inherited wealth if you are not disciplined enough. To get rich, you have to invest your money properly, possibly on assets, and not on liabilities. You also have to be patient with your investment, and grow gradually. Lifestyle can affect your goal if becoming rich, therefore cultivate responsible lifestyle, and avoid extravagant lifestyle, and spending money lavishly. With this methods you can actually become rich.

[Nothingtodo]

Today I was reading the of Morgan Housel ' The psychology of Money'. In the page no 28 there are 3 questions asked
1) What investing strategies work? Which ones don't?
2) What business strategies work? Which ones don't?
3) How do you get rich? How do you avoid being poor?
I would love seeing your answers of these questions because nothing comes to my mind whenever I see these questions.

If you had read the book you have read completely, you would have definitely got the answer. You cannot know anything properly by reading 20 or 30 pages. If you want to know the complete answer and strategy about all these investments or how to get rich in an easy way or where to invest in your life, then you should definitely read the entire book. You will automatically get the answers to all your questions. The answers to all these questions are basically presented neatly in the entire book. You will not find any answers in a haphazard manner without reading the book completely.

[AmaGold70]

In order to become rich is good that you make sure that your basic needs and expenses are lesser compared to your income. Also invest and spend less on consumption items. It's not everyone that knows how to become rich because it's not easy to control money and make it work for you. This is why you should buy bitcoin and hodli. Don't pile up money in the bank because Fiat is prone to inflation. Invest in stock, gold, equity and bitcoin.

There are many people who are really living above their income, and such lifestyle is really a barrier to becoming rich. Someone who wants to become rich only spend money mostly on basic needs, and not on thing that doesn't matter much to him. Investing your money is very important, becoming rich without investing your money is never possible, and as we know not even good salary can sustain financial stability. This this the more reason why Bitcoin investing is very much important because it gives you the advantage of building wealth, and becoming rich with time. Also while building wealth, remain focused, and pursue your financial goals and objectives, getting yourself distracted is a way of derailing from acheiving your financial goals.

[Queen uloma]

1 When it comes to investing strategies, one need to understand what theyre investing on, and don’t put all your money in one place and avoid chasing after quick profit.

2 what business strategies work:  any business that can solve problems and satisfy their customers can survive long term. I know it’s not all business that will work, so it’s better to research before you invest.
 
3 getting rich only work when you increase your income, invest consistently, control your spending and save more. Don’t live above your means if you want to avoid poverty, Don’t borrow and always have emergency funds.