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Topic: Can One Become Rich As A Salary Earner? (Read 192 times)

member
Activity: 1148
Merit: 58
September 29, 2021, 08:41:00 AM
#32
everyone of us use to be a salary earner but some stands up and become millionaire.


I believe that Business needs to interfere for us to finally become richer.


Because if we only use our salary in daily expenses so what more can we hold for future?
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 29, 2021, 07:38:38 AM
#31
Yes as long as they know how to handle their money well and wouldn't overspend.
I think the problem why salary earners aren't being successful is due to how they handle their earnings most of them spend too much on drinks or gambling as for their reason is to relax for their hard work and because they've earned it.

Many of us use our earnings to buy something that we do not really need to save that money for our future. Besides that, sometimes we have to face an urgent situation that forces us to use our savings to cover and solve the problem. But I believe that if we can still save every penny we have, we can be rich in the future, as long as we keep trying hard from what we did.
sr. member
Activity: 1414
Merit: 326
September 28, 2021, 11:21:21 PM
#30
Yes you can , if you know your salary is secure in the next years take a loan and invest in a business ( real estate for example ) and when it starts making money it will pay your loan and after its paid you its all profit
In my opinion the risk of taking a loan is higher no one can talk about profit and loss in business. If you don't analyze the market properly you will be at risk and it will be difficult to repay the loan therefore, it is better to save from your own income and invest in other activities.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
September 28, 2021, 10:53:26 PM
#29
Yes as long as they know how to handle their money well and wouldn't overspend.
I think the problem why salary earners aren't being successful is due to how they handle their earnings most of them spend too much on drinks or gambling as for their reason is to relax for their hard work and because they've earned it.
hero member
Activity: 980
Merit: 957
September 28, 2021, 10:40:21 PM
#28
Of course.

Being rich/wealthy is more about how you spend rather than how you earn.

There are many ways to earn money, what really matters is what you do with it afterwards.

If you mostly buy assets instead of liabilities, you'll have a better chance to become rich/wealthy.
member
Activity: 686
Merit: 26
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September 28, 2021, 12:41:42 PM
#27
Well many top CEO'S, or people at good position have earned millions during their service tenure and all of them at one point started with a small package. But as you grow in life and in career money follows you if you get best at it and then money management becomes the key as should know what yields you best and how and where to invest in it.
newbie
Activity: 31
Merit: 0
September 28, 2021, 12:20:05 PM
#26
Yes you can , if you know your salary is secure in the next years take a loan and invest in a business ( real estate for example ) and when it starts making money it will pay your loan and after its paid you its all profit
full member
Activity: 1638
Merit: 122
September 20, 2021, 03:14:55 AM
#25
i think it is possible because we have succesful stories of poor people that works and earns a minimum or lower than that but they manage to become rich later on .
its only a matter of budgeting it and saving it  . when you have a good amount of money , you can use it for education or create your own business and stop working as an employee .corruption can be one of the reason on why a person can be poor and without it , being rich can become easier .
legendary
Activity: 854
Merit: 1009
September 20, 2021, 02:26:37 AM
#24
Yes one can become rich as a salary earner depends how the person manage the salary.
full member
Activity: 1498
Merit: 146
September 18, 2021, 12:42:49 PM
#23
I will say yes, if you know how to save and invest your money.
OP is asking about how to become rich only though getting salary not by investing or any other passive income.

Well, its not really possible because you have to work and work to make money while there is a fact that you have to generate money even while you are sleeping to become real rich person.
jr. member
Activity: 57
Merit: 17
September 18, 2021, 03:48:22 AM
#22
Serious work will not make you rich, it will only make your life better.

I think wealth should be big houses, sports cars, luxury goods.

You can create a lot of value, but most of these values ​​are taken away by your boss. You helped your boss become rich.
newbie
Activity: 19
Merit: 0
September 18, 2021, 01:38:38 AM
#21
Why not, but clearly depends upon their money management. I have been a salaried person before and I always used to make sure that a half of my salary goes into asset buying and not into useless expenditure.
member
Activity: 1148
Merit: 58
September 16, 2021, 10:59:23 PM
#20
I will say yes, if you know how to save and invest your money.

We are the one who will make it happen , it is really hard to become rich when you only receiving small amount of money monthly but if we know how to handle and to invest in right place then we can be rich at all cost.

specially now that we are in crypto? the chance of becoming rich comes closer compared when there are no crypto in our life before.
newbie
Activity: 18
Merit: 4
September 16, 2021, 02:04:27 PM
#19
I will say yes, if you know how to save and invest your money.
sr. member
Activity: 2002
Merit: 269
September 16, 2021, 06:40:36 AM
#18
Can one become rich as a salary earner?Without other or additional means of income, and without corruption?

I'm a minimum earner, and my salary cannot keep up with my needs especially now that we are in a pandemic, there's no way you'll get rich if you are working and earning minimum wage daily even if you are single and you only have yourself, only those working in a multi corporation as an executive can earn millions because they have a lot of perks and compensation package.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
September 16, 2021, 05:43:46 AM
#17
Salary workers can definitely become rich by understanding the value of money, the power of money and make proper investments for a proper amounts of time.
Stop wasting money on Supreme gucci LV merchandise.
If you have bad habits of drinking smoking playing poker or anything else,do get rid of it.
Start investing in index funds and never sell them. After you retire if you ever feel that you are in dire need of money and have no other source to supply you with it, only then liquidate it.
Hope this answers your question.

Yes, those salary earners can have the chance to get rich especially those who are earning good money. But if not, don't lose hope because you still can. If you will invest your savings into worthwhile investments and grow from it. As you said, don't invest on luxury materials and avoid bad vices. A person who knows how to manage his finances can still do well even if he is just a regular salary earner.
sr. member
Activity: 1414
Merit: 326
September 16, 2021, 02:26:45 AM
#16
You can be rich as a paymaster but it will usually depend on your salary and income expenses. Even if the present society is full of corruption if you save some money from your salary for the future then you can become rich also if there are job opportunities as well as other income opportunities you can invest in bitcoin a long term investment in bitcoin will soon make you richer than a paid job. For this we have to proceed according to the plan grow big with small investments.
newbie
Activity: 82
Merit: 0
September 15, 2021, 11:24:28 PM
#15
Can one become rich as a salary earner?Without other or additional means of income, and without corruption?
It depends on what kind of wealth you are talking about.
There are people who work for little money, but they consider themselves rich.
for each of us, the meaning of wealth has several meanings.
each person can be rich in different ways, for this you need to reset your mind to see how to do it right.
member
Activity: 1148
Merit: 58
September 15, 2021, 09:59:55 PM
#14
Can one become rich as a salary earner?Without other or additional means of income, and without corruption?

so hard to be achieved but it can be , if i did not pursue in something different from my work? for sure i am still struggling even to feed my family.

Salary earn is really not enough nowadays specially if you live in country that has low economic policy and status.
newbie
Activity: 18
Merit: 1
September 15, 2021, 07:11:37 PM
#13
"Rich" is a subjective term. It depends on who is being asked. If someone asks if I'm rich, I'll answer that I make enough to live comfortable, be able to do what I want, and enjoy my life. My family and I live comfortably and have everything that we need.

Of course, there are people who make more money than me, and some people who live in a much nicer home than I do. However, there are more people who do not make more money than me, who do not have more space to live, who have much less than I do, and who do not have any of the material things that I have.

However, being rich, in my eyes, is relative to how comfortable I feel with my life.
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