Topic: 5 things you should not do with your money to get rich - page 3. (Read 1902 times)

Nah, the reality is that it is not entirely from your abilities, Semar.
Luck comes into play in many occasions. You could have followed the footsteps of these rich people from the quotes you read, read every books on how to save money properly, but you might not even make it work in your end. Your network and social circle also comes into play. They are surely waaaaay many untold stories from these rich people in the internet that they just do not want expose to the public, well because of course it disadvantage for them.

It is not all about "hard work".

Agree into this point which i do agree on this one, no one really share off their secrets yet this would really be might ending up their competition and its true that there are lots of untold stories with those books

and those words of wisdom or knowledge they do called.Hard work wont be enough but at least you do have tried your best on attaining your goals in life.Its true that it is really somewhat need up some mix of luck
for whatever things that you are trying to achieve and on what you are trying out to reach on.

Being inspired wont really be that bad, but dont make yourself do really come into a point on where you are really that expecting that much or really that
pertains that you would certainly hit up those things that they had achieved.This isnt how the reality works and you should really make yourself aware
of it.

Nah, the reality is that it is not entirely from your abilities, Semar.
Luck comes into play in many occasions. You could have followed the footsteps of these rich people from the quotes you read, read every books on how to save money properly, but you might not even make it work in your end. Your network and social circle also comes into play. They are surely waaaaay many untold stories from these rich people in the internet that they just do not want expose to the public, well because of course it disadvantage for them.

It is not all about "hard work".

5 things you should not do with your money to get rich or advance your lives

1. Don't spend without a plan

      - Many people don't care or just don't care about spending. They don't care if they have extra money or if they have money left over until
      the end of the month. Then they will complain that they don't have any more money because they have no idea how and where they are
      spending it. And how many times have you gone shopping or grocery shopping without a list, which ended up costing you more because
      you didn't have a plan?
         Because if you want to save something or have some money, you should keep having plans when it comes to what you buy.

2. Don't brag about having a lot of money

     - This is correct because it is your money where you can do whatever you want to do with your money. But whether we admit it or not,
        being arrogant is also the reason for handling or mishandling our money.

              "2 things when you have a lot of money"

                      a. You make a new friend.
                      b. You have a close relative.

       - What do these two mean? When people know you have a lot of money, you are usually the one they turn to when it comes to financial matters such as borrowing, asking for help, and freeing up where you are always the best so on and so forth. But after all, there is nothing wrong if you are not forced and it springs from your will. In short, there is nothing wrong with helping, lending, or freeing.
It's just that others who approach become abusive because it's not their own money and they don't care about the money you spend or use, Because they think it's okay not to pay you. After all, you have a lot of money based on their thinking, this is a reality that is happening in our time today. But they don't know that you were forced to do that and they don't know how hard you worked for it before you got it. Then in the end you will realize that the money you lent just went to nothing and just went to useless things or vices. There are also people to whom you give money who don't care about you, what is your current situation, or something else. Because these people only think about themselves and their interests.

But you don't need to be greedy or selfish, as long as you always reach for a spring inside and from the heart so that it is not heavy on your will. And it doesn't hurt to be simple all the time. Also, you don't need to flaunt or show people that you have a lot of money because successful businessmen don't show off piles of money, they are just simple people with heavy pockets.

3. Don't always buy something that loses value

      - One of the major problems with what we spend over time is losing value or depreciating. Like you bought a phone or a car last year, but
      I'm not saying that it's not a necessity, I don't mean it like that of course. What I want to convey is that you don't always have to keep up
      with the trend, just because there is a new I phone that comes out, you will also buy such gadgets even if they are very expensive and it
      will be a bit difficult to buy it, but it turns out that you are just forcing your own so you can keep up with the trend.
      It's the same with the car because you'll need a down payment there, gas costs, maintenance, and other things that will be needed here
      because if you don't do it, you'll surely sell it at a low value.

4. Don't waste money on useless things

      - Like most of us, there are still many addicted to spending on useless things. One of the good examples of this is that others may be
      inclined to go with friends who only do happenings and you keep up with your troops knowing that they have a lot of money unlike you or
      us which is not like that. Just like buying a high brand of coffee to drink in coffee shops just to be able to socialize and have a big time,
      you might not lose or die if you reduce the time you buy this kind of expensive coffee brand. Because you know that your budget is also
      hurting your pocket. And we know that there is also one that is cheaper and it's the same coffee, so let's just be practical for now. And
      there are many other things that we can reduce the things that we spend money on for nothing.

5. Don't invest suddenly

     - In my experience, I have also participated in this type of investment without thinking immediately or doing research because I was just
     carried away by the hype. It's just like the "Get rich quick" where your 1k$ will turn into 10k$ after 3 days, things like that. Just like before
     the rise of cryptocurrency projects, there were a lot of them but in the end, they turned out to be scams, but I don't blame them all
     because there are legit crypto projects and there are others that are just scams or shitcoins, this is just an example.

     But I'm not saying that you shouldn't invest in crypto, I think we shouldn't make a hasty decision so that our capital doesn't go to waste.

~

. Also, it is important to pay attention to luck. Sometimes, this is what matters. Those well-known figures who became famous for gaining wealth most often keep quiet about some details of their biography regarding simple luck or chance, because this devalues all their "hard work".

P.S. It's funny when people far from wealth discuss ways to achieve it.

Most people want to be rich but they are lazy to do something to get rich, there are many theories and experiences from rich people that we can emulate, and all the ways to get rich depend on our abilities, if you are not rich then don't stop trying again or replacing with other techniques .

Most people want to be rich but they are lazy to do something to get rich, there are many theories and experiences from rich people that we can emulate, and all the ways to get rich depend on our abilities, if you are not rich then don't stop trying again or replacing with other techniques .

4. Don't waste money on useless things

      - Like most of us, there are still many addicted to spending on useless things. One of the good examples of this is that others may be
      inclined to go with friends who only do happenings and you keep up with your troops knowing that they have a lot of money unlike you or
      us which is not like that. Just like buying a high brand of coffee to drink in coffee shops just to be able to socialize and have a big time,
      you might not lose or die if you reduce the time you buy this kind of expensive coffee brand. Because you know that your budget is also
      hurting your pocket. And we know that there is also one that is cheaper and it's the same coffee, so let's just be practical for now. And
      there are many other things that we can reduce the things that we spend money on for nothing.

Yes, there are things which are really that easy to say but what if those people dont have the money? For sure you cant really just move that much compared into those who do have money.Right?

These are all great when you have money, but not when you don't have it. The title is a bit wrong, it says "to get rich" but these are things rich people can do, not poor people. Sure if you are in debt, do not make a bigger debt and get a brand new iphone and yes there are some idiots who do that, makes no sense to me.

However, when you are like me, and barely can live with the money you have, that means none of this really helps you, you can't get richer. I am doing fine thankfully because I am not in debt, most of the world is in debt, I count myself "rich" for not having debt even if I had nothing, and I do have a bit saved aside as well, but none of what OP wrote helps me out.

4. Don't waste money on useless things

Better you should be mindful on this thing.Instead on buying useless things then it would be more worth if you do really just simply
save it up and much better you do consider on buying  things which does have value or does appreciate.
Or even trying out to make investment which could really give out that chance to have passive income which it is really more ideal and recommended.
Getting rich is never been an easy path to take and lots had really failed up on this one.

It's people's mentality. We always have an excuse when we spend more than what we should've. We always think of excuses like "I'll get my pay check soon and I still have some savings" , "I am just rewarding my self", or any other excuses we can think of when we are spending too much. There's nothing wrong or enjoying what you've earned, however, if this kind of mentality goes on it becomes a bad habit. If you want to get rich, you need to focus on saving all the money you can, invest wisely, and don't ever think that money will continuously flow without hard work.

Are you rich?
I think what you say is not fundamental in managing finances. and what you say is universal because it doesn't give any specific formulation.
1. Everyone has a plan whenever they spend money even a few minutes before.
2. Basically humans have to be simple but sometimes we have to be arrogant to keep the financial principles we hold.
 3. I think we should follow the trend but not always even though the value will be lost but if it is a must in running our business why don't we buy it? where everyone has an android phone yes, we only use landlines and how can we accelerate our business expansion if we are still using vehicles from the 90s?
4. If indeed the goal is to build relationships with those who have a lot of money so that we know the business they run and we can study, eat and drink coffee in places that are quite draining on our wallets, it doesn't matter if the goal is to expand relationships and strengthen connections for development ourselves and our business.
5. Maybe you mean FOMO where everyone buys because a lot of people talk about it and buy it. is a natural thing when we start to dive into the world of investment, but after a long time I think it is necessary to understand what is called risk management from various aspects.

Are you rich?

1. Everyone has a plan every time they spend money even minutes before.

2. In general, people need to be simple but sometimes we need to be arrogant to maintain the financial principles we hold dear.

3. I think we should follow the trend but not always even if it loses value but if it is necessary to run our business why don't we buy it? where everyone has an android phone yes, we only use a landline and how can we accelerate our business expansion if we are still using a car from the 90s?

4. If the goal is really to have a relationship with those who have a lot of money so that we can learn about the business they run and we can study, eat and drink coffee in places that drain our wallets a bit, it doesn't matter if the goal is to expand relationships and strengthen connections for the development of ourselves and our business.

5. Maybe you mean FOMO where everyone buys because a lot of people talk about it and buy. is a natural thing when we start to dive into the world of investment, but after a long time, I think it is necessary to understand what is called risk management from different aspects.

1. Don't spend without a plan

      - Many people don't care or just don't care about spending. They don't care if they have extra money or if they have money left over until
      the end of the month. Then they will complain that they don't have any more money because they have no idea how and where they are
      spending it. And how many times have you gone shopping or grocery shopping without a list, which ended up costing you more because
      you didn't have a plan?
         Because if you want to save something or have some money, you should keep having plans when it comes to what you buy.

All of the suggestions above are good, it looks very easy to theory but it will be difficult for us to apply in reality, I think the most important thing to rich is to increase the source of income, no matter how much we spend or wasteful, but if our income is large then we will be rich , because what makes us rich is income not expenses.