I think that "rich get richer" only because they and their relatives (who showed them examples) have more options to risk or to try new.
If a regular persons lives from one salary to another and manages to save few hundreds (which he will spend on a vacation 1-2 times per year probably). Then rich people can try investing different things and scenarios. If they fail in 9/10 investments, due to the amount invested, this 1/10 success case makes them cover all of their losses imo.
Topic: How the rich get richer and why it works - page 2. (Read 663 times)
Being rich is not only about politics, business, working hard, or a career, some people get rich because of luck just like those people who get rich because of winning the jackpot prize in gambling but this is not a common way because only a few people are lucky enough to win the mega jackpot. The best and the common ways thatch people a doing to make themselves richer or earn more money is from their business, All of the rich people have their own business and they are all boss on that.
The rich are ready to take any risk in an investment to make sure they achieve good result at the end of their investment. Rich people never get tired of their investment because they believe so much on their hand work in every areas of investment. They don't joke with their personal research before carry out any investment in the societies.
That's true, those rich people are the risk taker because they are not hat too afraid to lose their money, unlike the normal citizens who only earn money enough for their needs. 
A lot of rich people are not related to politics, you are wrong on the concept that all rich people or before you get rich you need to go politics first, that is a big mistake. There are so many ways for us to get rich, these rich people that keep on making themselves richer are those who still working or those who earn passive income on which they have the bug business, and they do invest. Business is one of the common and successful ways to get rich even though there is also a risk on it, well we can do nothing if we don't even take a risk.
I believe in genuine richness and politics is not a way to get genuine riches. Politics is usually taking the general public money as your personal to invest or have as yours and this is stealing. Business investment is way to get genuine richness, politicians are not genuinely rich. Cryptocurrency is smart investment to be rich in near future.
The reason for these type of constant increases is that big corporations have shares, regular people or even super wealthy people have those shares and in order for a company to be seen as a good one that company needs to actually make a profit, but if it makes profit that means it took money from somewhere else, and there are thousands of companies like this, probably 10k+ amount of companies who are trying to make "more" profit, the aim is not to make a profit, it is about making more, if you make 1 million dollars per month every year for 20 years that is horrible for share prices, because of inflation you have to keep making more and more.
However if they make this much profit constantly and even more later on, where does that money come from? That money comes from you and me, that means those companies get richer and we get poorer, and when there is a crisis because people have nothing left to give to these companies, government prints 2 trillion, give 1 trillion to 400 million people and another 1 trillion to just bunch of companies, basically keeping that horrible cycle continue.
However if they make this much profit constantly and even more later on, where does that money come from? That money comes from you and me, that means those companies get richer and we get poorer, and when there is a crisis because people have nothing left to give to these companies, government prints 2 trillion, give 1 trillion to 400 million people and another 1 trillion to just bunch of companies, basically keeping that horrible cycle continue.
The rich will not afraid of the risk, but they always research for more info before they invest. They know how to diversify their investment and search for other income sources so that they can make more money than other people. No time to stop for them before they can reach one by one of their goals and if they can achieve one goal, they will move on to the other goals and try to work for more to reach the next goals. They will not give up because they know that what they do will give them the chance to make more money.
A lot of rich people are not related to politics, you are wrong on the concept that all rich people or before you get rich you need to go politics first, that is a big mistake. There are so many ways for us to get rich, these rich people that keep on making themselves richer are those who still working or those who earn passive income on which they have the bug business, and they do invest. Business is one of the common and successful ways to get rich even though there is also a risk on it, well we can do nothing if we don't even take a risk.
I agree with some of it. However, I don't think the rich are this threatened by the poor. As a matter of fact, I don't think the rich are aggressively or even directly creating or spreading hate, hopelessness, fear, and so on simply for the sake of protecting their wealth against the poor.
If I look around, there is a certain level of freedom amidst hindrances and obstacles. Meaning, a poor person can actually get past all this and become somebody. The rich does not directly hinder this. One could actually rise from being a poor boy and become a CEO of a large company, and become rich himself/herself.
The more heated competition is happening among the rich. The 90% below are all under their payroll.
If I look around, there is a certain level of freedom amidst hindrances and obstacles. Meaning, a poor person can actually get past all this and become somebody. The rich does not directly hinder this. One could actually rise from being a poor boy and become a CEO of a large company, and become rich himself/herself.
The more heated competition is happening among the rich. The 90% below are all under their payroll.
It really depends if someone wants to escape poverty and achieve being financially stable or rich.
Nobody wants to suffer from poverty so we are all accountable on what financial status we are dealing with for life.
If there's an opportunity to become rich then we should always grab it because if you will not step up, then those rich people are the ones who will become more rich.
The rich are ready to take any risk in an investment to make sure they achieve good result at the end of their investment. Rich people never get tired of their investment because they believe so much on their hand work in every areas of investment. They don't joke with their personal research before carry out any investment in the societies.
Sometimes being rich is not only about hard work. Sometimes it's pure a luck and destiny. Look how much the story of young man being rich just because they accidentally saved bitcoin in their old computer/hard drive.
The most important thing of being rich is our self appropriate. Are we deserve to be rich? Just take a look at our habits. Also the rich get richer simply because they know how money works and they know how to make their money work for them.
Knowledge is also important thing of being rich. We have to use our knowledge in right way to get rich. Obviously luck matters but we have to create the way then it is possible to us. Actually all these are alternatives of each other. The most important thing of being rich is our self appropriate. Are we deserve to be rich? Just take a look at our habits. Also the rich get richer simply because they know how money works and they know how to make their money work for them.
Well, it seems that things in dictatorial countries (like my country) are much easier, you do not have to do all these things in order to preserve your wealth, you simply have the wealth and the politicians have influence and decision and so you can easily share the country, the rich merchant pays the politician to protect him and protect his wealth at the same time The merchant can increase his wealth through this protection !!! Don't you see things here much easier? I advise all antiquarians to live here to preserve their wealth and can increase it if they want easily.
Sometimes being rich is not only about hard work. Sometimes it's pure a luck and destiny. Look how much the story of young man being rich just because they accidentally saved bitcoin in their old computer/hard drive.
The most important thing of being rich is our self appropriate. Are we deserve to be rich? Just take a look at our habits. Also the rich get richer simply because they know how money works and they know how to make their money work for them.
The most important thing of being rich is our self appropriate. Are we deserve to be rich? Just take a look at our habits. Also the rich get richer simply because they know how money works and they know how to make their money work for them.
Well you did make some point, especially the point of making people feel hopeless. Seriously some government will do things that will make citizens become hopeless, and this is very bad for the common man. I live in a country where this is a problem, people are starting to lose hope in their leaders and in the country, and when you talk with most of them they will tell you that the country is never going to get better again, and will only continue to be getting worse everyday.
This mindset is very bad, and it’s making some people not to do things that they will do to benefit the country, rather they will prefer to leave the country if they get the opportunity to leave and search for greener pastures. That’s one of the worst things that can happen to a country.
This mindset is very bad, and it’s making some people not to do things that they will do to benefit the country, rather they will prefer to leave the country if they get the opportunity to leave and search for greener pastures. That’s one of the worst things that can happen to a country.
Unfortunately, I have not yet seen a simple guy like me become rich simply by hard work. But I believe that all the envy is only from us and probably for big money you still need to have the appropriate thinking and then something may work out.
There are many easy ways to increase wealth, but the main problem is that these methods become available only when you overcome a certain threshold 
It depends on what is considered hard work and what is considered wealth, because different people and even in different regions of a particular country have different ideas about it. Someone means hard physical labor, someone may mean working activities for a duration much longer than the usual working week. You can earn a fortune by hard work and be considered rich by the poor people around you, but I am not sure that you will also count yourself by comparing your fortune with people who are much richer than you.
There are rich people who do not needs to be involved in politics to be able to get rich and richer, its just that most of the rich needs connection to grew their businesses and sometimes politics and avoiding some laws will help them do that. Many rich people do not prefer putting their money in just bank they make business to make more business and to expand and create more opportunities its taking risk whether the business will succeed
Rich people know what to do with their money. Simple truth, isnt it? Ordinary people usually dont know how to multiple their capital
For the rich, there are multiple loopholes to avoid paying taxes. And most cases of loan default are done by the ultra-rich and not the poor or the middle-class. Both the left-wing and right-wing political parties are united when it comes to maintaining the status quo as far as the tax loopholes are concerned. The right-wing parties tend to decrease income tax, while the left-wing tend to increase them. But both these groups keep loopholes available to the rich, and in the end the rich will have a tax burden that is proportionately lower than what the middle-class is having.
As you know, money makes new money and this, in particular, explains the fact that the rich are getting richer. People who have money, they have power, and they use their influence and money to play the situation they need in their favor. Yes, this is a game and the rich play it to become even richer. If we talk about the ways to achieve this goal, then it will be just talk and you will never be able to use them to become rich. It takes no rules or luck to get rich, you have to be in the right place at the right time and you will probably just be chosen for it. Unfortunately, I have not yet seen a simple guy like me become rich simply by hard work. But I believe that all the envy is only from us and probably for big money you still need to have the appropriate thinking and then something may work out.
This remembers me of one old saying “The rich gets richer, and the poor gets poorer”.
I’ve learned this during my days as a network marketer who attended so many motivational and financial literacy trainings. The real reason why the rich gets richer, is because they keep continuing to invest on more promising opportunities like stocks, derivatives, crypto, etc., that give them long-term passive income. They have a rich mindset where they focus more on buying assets than liabilities with proper risk management.
On the other hand, the poor gets poorer and I highly agree with this statement. It’s because they have a poor mindset. It always starts with their mindset, and that’s where they are now and might instill that to their future generations. Poor mindset includes spending more on liabilities than assets, not thinking big by being contented in their minimum wages, afraid of taking and managing risks, etc.
That’s what I know about the rich gets richer, and the poor gets poorer.
I’ve learned this during my days as a network marketer who attended so many motivational and financial literacy trainings. The real reason why the rich gets richer, is because they keep continuing to invest on more promising opportunities like stocks, derivatives, crypto, etc., that give them long-term passive income. They have a rich mindset where they focus more on buying assets than liabilities with proper risk management.
On the other hand, the poor gets poorer and I highly agree with this statement. It’s because they have a poor mindset. It always starts with their mindset, and that’s where they are now and might instill that to their future generations. Poor mindset includes spending more on liabilities than assets, not thinking big by being contented in their minimum wages, afraid of taking and managing risks, etc.
That’s what I know about the rich gets richer, and the poor gets poorer.
In my mother language we say 'money brings money'. The reason is clear, whenever you do have the money you do have the power to earn more money. to give an example if you do have a trading account with 1K bucks capital you will usually 20-25 per trade while if you have 10K account you will earn 200-250 usd profit or even more. If you google 'compound effect' and read the compound effect book from mr.hardy you will understand how the rich people can have more potential by using this technique. In the other hand, the rich man who is doing successful trades for years usually knows how to get some money from the markets because he could find the way and this can be another reason for your toughs.
Rich people know what to do with their money. Simple truth, isnt it? Ordinary people usually dont know how to multiple their capital
- Not exactly, ordinary people know what they should do with their money but a big difference in capitalization creates a correlation of returns, I mean, if we have too little money to start with, our big profit target needs to be high while for the rich, a few percent of the return is more than enough, their risk is less, especially, their psychology is quite stable compared to ordinary investors. If we add up the probabilities they can associate and manipulate the market, implicit relationships, it is not surprising that more rich will become richerI use the term "ordinary people" too, but truth is that "ordinary" is not the same on every continent, in all countries... I guess for some "ordinary people" it's not easy to get through the month with all the expenses we have in the modern age! So except for a big difference in capitalization, there is one more thing, "ordinary people" don't have what to invest! If you risk that little you have you can stay without food or monthly rent... for people with families, it's a huge risk, that involves losing a lot more than just money! On the other side, rich people risk just money, and the more money they have the risk will be lower for them, even if they lose some part that will not hurt them in any way!
I don't agree with majority of your statements. The wealthy people doesn't get richer just because of politics and power. Although yes, it plays a part since connection with different people is involved. However, the rich aren't always involved in politics. In fact, most of them avoid it as much as they can because they know what kind of world it is - chaotic.
The rich people gets richer because of hardwork. Majority of the rich people I know came from nothing. What paved way from them achieving the status they have right now is perseverance and determination. They used their money in investing instead of spending over luxuries things that are just liabilities. Although there are really some rich people (billionaires) that hoard money and were able to acquire such great amount because of unjust treatments, labor malpractices, and giving below the liveable wage value.
It just really depends on who are we talking about. The rich that acquired their wealth by hardwork and perseverance, or the rich that acquired their wealth using evil deeds like stepping onto someone's rigbht.
The rich people gets richer because of hardwork. Majority of the rich people I know came from nothing. What paved way from them achieving the status they have right now is perseverance and determination. They used their money in investing instead of spending over luxuries things that are just liabilities. Although there are really some rich people (billionaires) that hoard money and were able to acquire such great amount because of unjust treatments, labor malpractices, and giving below the liveable wage value.
It just really depends on who are we talking about. The rich that acquired their wealth by hardwork and perseverance, or the rich that acquired their wealth using evil deeds like stepping onto someone's rigbht.
You are totally right! This world is big, with many souls walking around, and each of them has a different story to tell! In the end, it comes down to who you are talking with, as you said!
Your first statement is right, but not quite precise. I think the best way to describe what the 1% of the society do is that they hoard their riches and diversify them, never liquidating everything in one go. This is why even in great collapses and declines in economy that this world has experienced over the past few centuries, there's still the few people that come at the top, and most of the time these declines ulonly further the divide between the poor and them, making them even more richer.
Jump to: