If you want to get rich, you have to become immune to the money.......! - page 9.

angrybirdy

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Quote from: Y3shot on January 07, 2024, 12:11:12 AM

Their is no specific formula that makes people to be rich , but to become rich one have to be very hardworking, so things the right way and be prepared to grab opportunities. Becoming rich one must learn how to be good manager of money and also learn how to invest money to generate more money. Nobody became rich without making any investment and becoming rich one has to learn how to spend money on reasonable things and not on things that do not matter.

Additional to your statement, In order to become a rich person, you have to be hardworking, strategic and smart when it comes to deciding something. Many simple people have become rich and successful now, especially during the pandemic, one of their ways to get rich is by taking the heart of their consumers using their social media platforms especially now that digital marketing is popular, one of the ways to get rich is that we have to keep up with the trend and be more strategic especially since there are many competitors around.

Y3shot

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Their is no specific formula that makes people to be rich , but to become rich one have to be very hardworking, so things the right way and be prepared to grab opportunities. Becoming rich one must learn how to be good manager of money and also learn how to invest money to generate more money. Nobody became rich without making any investment and becoming rich one has to learn how to spend money on reasonable things and not on things that do not matter.

franky1

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Quote from: Ben Barubal on January 06, 2024, 06:30:32 PM

I didn't even understand the hashrate calculations that you say are the only ones I can say when you mentioned that it shouldn't really be high in bitcoin for this year. The 400 000 each might be able to spit out the coffee in my seat when it really happened this year.

big asic farms dont pool hop on the whims of the daily market they also dont jump to altcoins when market prices dip
they are invested in hardware of 2 years life cycle and they buy electric contracts of GW on long term contracts too.. so essentially they are mining 24/7 long term no matter the market

when calculating these costs of mining at a value rate and a premium rate of electric+hardware. using not a daily hashrate to calculate asics on the network. but the hashrate averaged over a period. you can then ascertain these long term miners long term costs and calculate how many coins they can earn over that time to get a rough average value-premium cost per btc.

the market has time and time again proven to wiggle and speculate within the value-premium numbers

mamesso

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Many people know how to make money, but only a small percentage know how to use money properly. If you want to be immune to money, you have to know how to manage your finances properly, including multiplying your money in various ways that can be done as long as you can make money. Having passive income is very important in achieving your goals because having several sources of income can get you rich faster.

Controlling your desires will give you a greater chance of achieving a level of financial freedom. When you can afford something with the money you have, don't buy it just to impress other people. The best thing you can do is increase the amount of investment to build your wealth massively.

harapan

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Individual financial lifestyles may vary largely,so they can live better lives indefinitely.
   Set life goals—big and small, financial and lifestyle—and create a blueprint for achieving those goals.

Living below your means can be a great feature to accumulate wealth.The future belongs to creators and not consumers;you see people that live below thier means,they don't spend money on irrelevant things,they don't spend money on the latest trends,always looking for ways to save and invest.By living below your means,you can allocate more money for upcoming and unforseen emergencies,retirements.
  You can living below your means by;

*Accessing your financial situation
*Making a budget
*Creating a financial plan
*Curb your spending
*Living frugally
*Improving your money mindset
*Making extra money
*Utilizing finance and resources

Living within or below your means is an important financial principle that can contribute to long-term financial stability and freedom.it as well eliminates debt,by enabling you to stop owing and start owning;imagine the self esteem and happiness it puts you into.
  If you worry about your future financial security,here's a financial habit or lifestyle you need to consider to be corrected or improved.

mirakal

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Getting rich does not mean that you have to be immune with your money but it should be to your passion on how to get rich. Working hard to make a decent income, investing in a huge potentials like bitcoin, trading, diversifying your investments, and by doing them consistently, you get rich in the process. But of course, before you decide to take risk in them, you have to build your foundation of knowledge so that you will have ideas on which should be the first step and the last step.

Getting rich is not actually to have a desire over the wealth of others but maybe it could be your best motivation so that you can also be at your best like them, but not showing off your wealth to others as it could be like you're bragging or being boastful of what you have.

poodle63

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i will be honest that i don't believe such discipline will bring about money what I believe though if you put in enough hard work and also at the same time quite lucky then you gonna get rich its as simple as that, maybe there ar some people that put hardwork also find opportunities but I always believe that luck also have strong role in this regard.
bill gate don't get rich if he were born in other part of the world like for example in other continent and also if his family is not well off enough, if you read the story of him from the very beginning i think you will know what I meant.
the thing is that, sometime getting rich you need to stumble upon best opportunitiy of your life so thats that. so how to increase luck of encountry such opportunitiy? by trying over and over and if it happens that you are unlucky enough to be trying over and over and still haven't stumble upon good opportunity then I guess there goes your chance of becoming rich and financially independent.

STT

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Simple take on that is money is not the destination its journey or means to acquire the things you want, really its only the language of trade. Money itself especially loses value, there are far more valuable things to possess then just plain money. Our whole FIAT system is based off debt more then value in the money especially so it seems the books written on tax efficient debt are probably closest to the truth of how to get rich and stay rich; essentially you align yourself with the largest player in the game which is the central government and the Federal reserve when you do that it only needs small margins on the large amounts available to be essentially rich.

Ben Barubal

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Quote from: franky1 on January 06, 2024, 06:11:01 PM

Quote from: KingsDen on January 06, 2024, 12:12:38 PM

I could remember last year when there was much tension about the price of bitcoin. You maintained that bitcoin is opened within the window of 15k to 75k, that the price won't go below 15k and behold it happened. It was then I knew that you are so much endowed. Remain great Franky.

2021 was 10k 75k window of possible speculation
2022 was 15k 95k window of possible speculation
2023 was 18k 110k window of possible speculation
2024 is 28k 140k window of possible speculation so far (can move up if hashrate moves up to push the window up)

dont expect a $400k btc this year, thats all im saying.. unless hashrate 3x the current network level and speculation drama pumps to limit
dont expect a $16k btc again.. unless hashrate drops by 45% the current network level and speculation dumps to limit

I didn't even understand the hashrate calculations that you say are the only ones I can say when you mentioned that it shouldn't really be high in bitcoin for this year. The 400 000 each might be able to spit out the coffee in my seat when it really happened this year.

It's always been said here in our forum that it's too good to be true. We just have to stay in a situation with the fact that there is a real thing that will happen and not the impossible things that have no guarantee that will happen. In short, I agree with what you said, sir.

franky1

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Quote from: KingsDen on January 06, 2024, 12:12:38 PM

I could remember last year when there was much tension about the price of bitcoin. You maintained that bitcoin is opened within the window of 15k to 75k, that the price won't go below 15k and behold it happened. It was then I knew that you are so much endowed. Remain great Franky.

2021 was 10k 75k window of possible speculation
2022 was 15k 95k window of possible speculation
2023 was 18k 110k window of possible speculation
2024 is 28k 140k window of possible speculation so far (can move up if hashrate moves up to push the window up)

dont expect a $400k btc this year, thats all im saying.. unless hashrate 3x the current network level and speculation drama pumps to limit
dont expect a $16k btc again.. unless hashrate drops by 45% the current network level and speculation dumps to limit

macson

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Quote from: tjtonmoy on January 05, 2024, 11:59:10 AM

If you want to get rich, you have to become immune to the money.

What does it mean?

Do not desire your own money. It turns you from a producer to a consumer.
Do not desire the money of others. Envy is a deadly sin. Because it will distract you from your own mission.
Do not desire the money you will make in the future. Desire good work right now, You don't want cash in, you want to serve.

Only this way you will get rich from zero.
_The Grim

[Source]

How true is it? I want to ask the successful people here in this forum. What kind of rules or strategies that you guys use which led you to your success?

why not everyone can become rich, because becoming rich is not easy, those who are rich today must have a good strategy and also work smartly so that whatever they want can be achieved easily.

i have seen someone who does not have a higher education but he is able to earn $5k/month because the business he founded was successful, while I have also seen someone who has a higher education and also works in a good company only able to earn $2k/month.

So it can be concluded that if we focus on a business that has good potential in the future then we have a great opportunity to become rich, being able to build a large business from scratch is not easy, but many have proven that it is not difficult either.

Mr.right85

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Quote from: franky1 on January 05, 2024, 12:49:30 PM

developing a mindset to not wastefully spend comes first.
accumulating it comes second, and then having a mindset to have money but not need to spend it

Everything one gets to archive in life always starts with developing a positive mindset. Without a positive mindset, you just might even get to make the money but, wouldn’t be able to utilize it in a way that, it would be sustainable. It would be exemplified in your second quote as at below,

Quote

i personally could walk into a car dealership and buy a fleet of new cars, but i prefer just the experience of walking in and admiring cars but knowing i dont need to buy them.

It takes about having these resources but choosing not to use it just as you wish. its a feeling that is relatable when compared with little things on my part because, I don’t think I am that worth yet for a fleet of cars.

Still, it defines your money or resource management skills, keeping people and there perspectives to your operations out while, you stay top of your game.

alankasman

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Quote from: tjtonmoy on January 05, 2024, 11:59:10 AM

~snip

How true is it? I want to ask the successful people here in this forum. What kind of rules or strategies that you guys use which led you to your success?

Understand money well and treat money properly. Don't get into debt. Make a good plan for money. Everything related to income and expenses is calculated wisely. I think that's the successful mindset of rich people.
Work, save. Keep repeating and riches will come.

What the influencer conveys to this source is only useful for him because he makes videos that are different from other influencers.
What is the goal for, money. If he succeeds in attracting an audience, he will not be rich from scratch because creating content requires money.

KingsDen

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Goodnight, o_e_l_e_o 🌹

Quote from: franky1 on January 05, 2024, 12:49:30 PM

developing a mindset to not wastefully spend comes first.
accumulating it comes second, and then having a mindset to have money but not need to spend it

i personally could walk into a car dealership and buy a fleet of new cars, but i prefer just the experience of walking in and admiring cars but knowing i dont need to buy them.

i dont need to live a flashy lifestyle just to show off to the neighbours. why waste my money to impress others. when they are not going to help out with the costs

if you have the mindset you need to buy something to look trendy, .. stop. other people dont care after their 5minute admiration, they then move on with their own lives

if i need a car, i admire the new models, but then id go and get a previous year model with same functionality for less. after all who cares if the car is 1 day old or 1 year old or 10 years old. as long as it drives, thats all a car needs to do. all cars can look good with a bit of soap and water. so why waste paying premium for new, to just lose 40% driving it out the dealership.

buying 7 new cars to show off to neighbours that i have a car for each day of the week costing $60k+ x7
selling them each year at 40k each. to then buy new again (losing $140k) purity for vanity, is a fools method to not remain rich

id rather spend $15k on one average car that lasts me 6 years. (losing under $1k a year when selling it for $9k on year 6)
which then free's up hundreds of thousands

in short.. dont buy for vanity/trends/fashion statement/admiration

Thank you Franky1 for this advice. It is rare to get it for free. I see that you are a rare gem and a successful fellow. You have your principles and you follow them strictly and that is why you distinguished yourself from thousands of people even here in the forum. I admire you and from henceforth I'll keep following your advice and wealth of experience.

I could remember last year when there was much tension about the price of bitcoin. You maintained that bitcoin is opened within the window of 15k to 75k, that the price won't go below 15k and behold it happened. It was then I knew that you are so much endowed. Remain great Franky.

Essential10

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Success is not just about wealth. This is the chapter on achieving your goals, fulfilling your potential and finding happiness and fulfillment in your life. Success can come in many forms. The keys to success are hard work, perseverance, determination and a positive attitude. A commitment to setting a goal, overcoming obstacles and never giving up on your dreams. Success is a journey, not a destination, and it is something that everyone has the potential to achieve. While being rich can certainly contribute to a sense of success, it is not the only measure of it. Many people who are not rich are still successful in their own right because they have achieved their personal and professional goals and are satisfied with their lives.

|MINER|

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Success comes in different ways in everyone's life. There are no set rules here, but if you really want to be successful, you need to understand the value of time. Understand the value of money. If you don't value time, you will never achieve success. Waste of money should be prevented. Just because you have money, you should not waste it unnecessarily. Let's be honest. And the present age is a strange age. We like to see more than what we have. I don't know if there is any strategy in showing off. But nowadays people like to exaggerate what they have. Maybe there is a special benefit in it.

boyptc

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Quote from: tjtonmoy on January 05, 2024, 11:59:10 AM

If you want to get rich, you have to become immune to the money.

IMHO, there is a better term about becoming immune to money. That means that you're just going to avoid money even if it's coming to you?

With all of the validation that we are being surrounded through social media, everyone's thoughts become valid and words of wisdom when they think they're successful in life.

So rephrasing it, if you want to become rich, you need to be immune with challenges and problems because you know how to deal with them and turn them into opportunities.

icalical

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I think everyone has their own way that they think will work, I am the type of person who doesn't like getting into philosophical thing if it is unnecessary, so I never think about desiring money. What's work for me is arranging my priority, for me the only way to get rich investing and saving, and both can only be done if I can minimize my spending and spare some money to be saved and invested.

Hewlet

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Quote from: tjtonmoy on January 05, 2024, 11:59:10 AM

If you want to get rich

Do not desire your own money. It turns you from a producer to a consumer

i will choose to subscribe to this one. If you want to get rich, you need to make the decision that any money you've set out as your savings or that you're using for your business is not to be tampered with. Treat it as though it is not your money. If for any reason you are pressures to take it, ensure you return it back as though you borrowed from it.

One thing that happens when we have some savings is that the temptation to become relaxed do set in because you will be tempted to assume that because you have some reserve fund, you can always get it to satisfy your immediate want.

bitLeap

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Quote from: tjtonmoy on January 05, 2024, 11:59:10 AM

How true is it? I want to ask the successful people here in this forum. What kind of rules or strategies that you guys use which led you to your success?

I can't answer that with certainty because this is just a matter of perspective, principles and it depends on each individual in achieving their true financial level. The true definition of being rich is still a mystery, but we definitely have our own benchmarks for being rich from different points of view. For example, having a source of income that flows steadily from various baskets is enough to illustrate that in that position I feel rich. But humans sometimes will not feel satisfied and want more and more. Ambition is endless unless you limit yourself and are able to control your mentality so as to minimize arrogance.

What I said regarding the perspective of rich people will be different from other people versions of rich people, because we each have our own share.

Topic: If you want to get rich, you have to become immune to the money.......! - page 9. (Read 1475 times)