Topic: Building wealth it's not just one time Luck - page 4. (Read 1313 times)

Yes I agree to this, I see a lot of them who build a discourse that even looks and sounds like very serious but they do it only a few times and maybe not supported by deep knowledge because they are lazy to learn, then I think it's just a waste of time and maybe the maximum profit they will not get. And yes that's absolutely right buddy, in investment matters of course it requires perseverance in any case such as maybe learning a lot from several references and also never give up, that's very appropriate.
I understand you come to get big and consistent results like other people who are already successful, but I say it won't be that easy, everything goes will not always be in accordance with your wishes and expectations because whatever field you live in, especially those with great profit potential such as investment, there will definitely be a big risk behind it too,in physical business it is also the same.

Yes I think they only build good plans, they only talk, and on average may not be able to withstand all the tests that come, it's true that the soul of a fighter and leader is needed here because their mentality will be very tested, and to have such a strong mentality they must continue to learn, train themselves and not run away from the problems that come. So they must prepare everything before the test comes

Can you elaborate more on how a person will be successful on a trading of capital of $50? This is a very low amount for trading if a person does not make a profit on $50 then it does not mean that he is not a successful person and you can't advise him to leave trading he would be successful if he trades a large amount. When your amount is high the profit will also increase. You can say that investment is directly proportional to the profits if you increase the amount the better will be the results in the sense of profits.

I think whatever our discourse in terms of investment, one thing that needs to be instilled is to persevere and don't give up quickly when you are on a journey where there is a period of lowest point in running a business. Because anyone is able to build a business in the beginning, but we rarely find it to be big and only those who have the mentality of entrepreneurs or traders are able because they know how it feels when a business ends in vain. Yes, in the world of trading there are also many examples that we can see and use as samples.

As you said, if $50 can be invested, there will never be much profit. It is not possible if a person invests with $50 dollars to earn his money and never expect a tenfold return. If a person wants to invest a good amount of money then he must increase the amount of money, and instead of investing in real estate with his savings, he should invest in bitcoins. If you have a special interest in investing, and you don't have enough money, increase your earnings and learn to save money from there to invest later it will be profitable. Investing is the best way for an individual to make money and what investments to hold.

Even gambling cannot make you instantly rich just by a single attempt. You're bound to achieve multiple losses at first before you will hit the jackpot prize that will create a big break in your life. But mostly, gambling cannot guarantee you to become wealthy but  will certainly make you homeless in the end. The best approach is still have your own stable job and make it more productive and valuable. Surely it will offer you life changing results at the end of the day.

That's true, usually the average child of rich people lives a lot of relaxing, especially if he's still young, his hobby is definitely going on a spree. This is all because they do not think about economic hardship in the same way as poor people who have goals. So it is not certain that the children of rich people in the future will be able to continue the business/success like their parents if their parents have died. Due to lack of knowledge due to not wanting to try to learn and mostly relaxing, and finally falling into poverty.

This is very different from children of poor people who have a clear goal to change their economic conditions, so their struggle and mentality is even harder because their family's self-esteem is at stake in the future. So it's like burning a ship so that you don't return to the previous place, namely poverty.

agree with that and indeed when we are involved in the world of crypto, you have the opportunity to gain wealth. However, this is not as easy as turning the palm of your hand. Of course, to be able to observe and gain profits in the crypto world, this requires quite a long time because we have to really be able to create these opportunities and continue to improve our knowledge and skills to be able to gain profits in the crypto. "There is nothing instant in this  and to get an opportunity, maximum effort must be made."

I don't know whether you are stupid or not smart, how could you possibly suggest that I gamble to be able to build wealth in one day, even though as we know, gambling is full of uncertainty and relies almost entirely on luck. If you suggest this, I want to ask whether you are now someone who is rich from the one day of gambling you did...?

When you are an only child and even more so a son, talking about inheritance is not only about personal hopes, but it is a big demand and hope of the family for their only child so that they can inherit the business that was started and run. And it is true that before we inherit this, it is legally obligatory for us to learn first about financial management, financial and corporate governance.

It is true that some people inherit wealth from their parents, and these are certainly the lucky ones, but the majority are also people who have earned their wealth through hard work. There are many steps to be taken to become rich because no one becomes rich by sitting, rather you have to work hard to become rich. Managing the wealth of your parents is not an easy task, but it also requires experience and hard work,and not everyone knows how to manage the wealth of their parents, so they lose it.

Any business we undertake has risks of loss, but our best choices and our hard work and dedication play an important role in reducing our risk of loss.Any business is not done for a moment or a few days but it is a long term project and we may lose, we should keep in mind,but how to control our loss and how to improve our profit rate is up to us.

Even if you are the only child in the family, you should not expect or think too much about the amount of property you will inherit. Because as Texac also said, if you don't know how to manage, you will spend a lot of money. Furthermore, focusing too much on inheritance will only make us more dependent and lazy, which is not good at all. And what would it be like if our children also had that thought? My family has 2 brothers and I even told my father directly that I did not need him to leave me the real estate, because if he could buy it, I could also buy it. I have no reason to expect or depend on my parents.

Being rich is the dream of all of us, but knowing how to manage finances is what we need because once we know how to manage finances and business well, becoming rich is just a matter of time.

Being wealthy overnight is a hard task to be achieved by anyone. Even the luckiest finds it hard, because he/she needs to be lucky enough to win big and the second thing is very important. They should know how to manage the funds, which means whether the wealth is had been achieved through gambling, or some other businesses we should have the proper money management and control. If not the money will be get lost in no time. As said it is a process and we should be prepared enough to move further.

Getting to the top is a mental strain to many too, cause if it's not the paranoia of losing it all, you'll be hit by the imposter syndrome creeping into you questioning if you even deserved what you have right now. In any case I say just do your thing and don't let it distract you from keeping at what you do. Clearly there's something you're doing that's making enough difference to yield you profits, this fact alone is great enough an evidence to prove that you really got what it takes, regardless if it's trading, investing, or whatever you're in in the crypto world for. Bro casually giving out here the worst possible advices lol. Gambling isn't something you should take even if you're looking for an easy-money strat. More often than not even if you're the luckiest bastard on the planet you won't win anything that counts as "substantial" and you'd be kicked out of all the casinos on the place before you even get to your first million. The rest of your statements are true tho, especially with taking things one step at a time. That's true and epic.

If you want to build the wealth in one day,the gambling is the only way to achieve it.But you should have luck to succeed,So build your own empire by the step by step.First start with the regular job and earn some money.Use that money to inverse in the good project,once you get enough profit.It’s essential to start the business,finally you will become the successful person.So it’s big process to get huge wealth.You should hold the entire wealth as the asset in one thing.It may be the process to get huge wealth,you should ready for the process.

I remember a person that have a poor financial management. I remember that he boast so much after getting his inherited wealth and spending it on luxury, I know that he feels like a billionaire at that time. After a year, I saw him struggling and selling the luxury goods he have which is mostly precious stones at a loss. I don't like that he boast to us after his inheritance but I help him by buying some of his stones, of course for my own profit.

This shows how easy money fly if you don't have a proper financial management, we're co-workers and I'm sure he's not dumb enough but I think he is blinded by the instant richness he has.

We crypto users has the possibility to be stroke by a heavy luck and earn a massive profits instantly but we need to remember to stay humble and don't let the wealth change you or your lifestyle. Learn how to control our self and at least recall how to make the earned wealth last.

Inheritance is not something that can be expected, especially if we have many siblings, which sometimes becomes a source of contention with our own siblings. Yes... unless you are an only child.

Becoming someone who has abundant wealth is everyone's hope, but this is not our main goal. Our main goal is to be able to manage our finances and business well. Because if we are able to do this then becoming a rich person is not something that is difficult.

Whether it’s gambling or bitcoin trading or investing, all requires time, with hard work and dedication. So this get rich quick never really exist, but only for those scammers who are using this as their top line to deceive innocent people. While inexperienced investors or traders continue to believe that bitcoin can be a get rich quick, but in reality bitcoin can be a source of instant losses instead. That is why dealing bitcoin with high caution is always crucial.

Let me get this straight, you've said that "able to build wealth out of a single luck", build implies that it was successful in a way because you were able to build something and to build meant it's already stable. I don't know about your opinion about luck but I'm not the biggest believer that luck's a defining virtue someone should get when they're trying to build wealth, pretty sure billionaires don't rely on luck. The only luck I would consider is probably getting born in a wealthy family.

The chance of winning in lottery is random to the point that it's impossible to win and that you're likely to die going to a lottery to buy the tickets than to win the ticket but randomness isn't a line, it's more of a jumbled balls and what you pick first can be the win. Here's an article and here's also the famous story of Bill Morgan to refute your claim that it takes time to win the lottery. The reason you're probably not believing these stories is probably because you're a skeptic and you question everything which is a good thing or you're bitter that they've got an insane beginner's luck and you don't have any.

Well, if you look at it now, they're still lucky that they're able to buy bitcoin at a cheap price and was able to build wealth in it, it might not be lucky to you but that opportunity to buy bitcoin at a dirt cheap not knowing it will change your life someday is luck in my book.

One stroke of luck is a make or break moment for anybody and since we're talking about building wealth, we should avoid to say that there's only one result to this because I am pretty sure that if I search the Internet about people keeping their success after winning something to jumpstart their wealth (most of them that I've checked are lottery winners though), I guarantee you that there's going to be names that going to pop up.

Well as I discussed above, that indeed the rules are very important in anything, especially in life, we must be able to make everything run in balance, in financial matters do not let you lean too much on one thing, for example you are more concerned with your ego and your desires by buying all the goods or whatever it is that you want while your income is still not able to support to fulfill all your desires, I'm sure even though you have a lot of money but if you can't manage it well then surely you will always feel that everything you have is not enough and obviously it is greed that is far from gratitude.

In the matter of luck, honestly for this I agree with you, we must be able to distinguish that each condition can provide different luck. Like for example what I discussed above, they are lucky to be rich because they get a lottery and with their luck that indirectly has made it easier for them to achieve their success, I think for this one is the luck that results from their hard work when processing, I conclude this from what you said friend. As we know that hard work will not betray results, and if you never give up and are always patient and consistent then the reciprocal is that you will get some luck that will make it easier for you to go through the process until you finally succeed. I think it's more or less like that, and please correct me if I'm wrong.

True. Investment without single loss is pure luck. Before we went that far with our investments we experienced losses it could be minor or that what makes us quit. 😅 Building wealth will surely be going a long long process before we can call it wealth. There is no shortcut. I actually was lucky way back 2017 for earning tens of thousands of dollars unfortunately, that luck did not last long and before that luck, I wasted effort and time just to come up with something just like a bubble that bursts.

The problem is that these two things will be inversely proportional in terms of the process and the achievements received.
Not everyone is born rich and many people don't get anything to inherit from their parents because of previous factors that also have the same life strata.
On the other hand, we also actually have to believe that being born from a rich person and being born from a poor person, the start will definitely be different. When someone is born to a rich person then they will have a much greater privilege and easier to be successful in the future. Apart from the existing capital, they will also be educated much better than when we live in a low economic strata.
It does not mean that poor people cannot become rich, but even when we have a different start we have a strong desire and can have great achievements, the results will still not be equalised in my opinion and it is precisely with this great achievement that makes the degree different.

The goal of becoming rich is the core point of every process carried out by everyone, because those who inherited wealth from their own parents will not know how bitter it is to struggle from the bottom to become rich. And such people will never feel how to start the process little by little which can ultimately become rich, even though it must be accompanied by a level of luck.

Meanwhile, those who have been poor and worked hard from the bottom to become rich are very extraordinary people because such people will always appreciate every process that they themselves went through before they became rich in life. That is why everyone's struggles are not always the same and will continue to differ from one person to another because some people only continue the struggles of their parents and don't feel how to struggle from zero to become truly rich.