Investment mindset key in creating wealth - page 2.

Egii Nna

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Quote from: Eres1 on January 08, 2025, 06:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy but the fact is that wealth is one thing that is created over a given period of time and since it's created their are steps that you need before wealth can be created and one of such steps is to change your mindset and believe system that one has concerning wealth because the fact is that true sustainable wealth is created via investment that returns profits on investment and has a great potential of growth over a given period of time

One sentence that I was expecting to see was, “For you to get wealth, you have to make up your mind on going into risks,” because that is the only way you will achieve that. Did you know you cannot get money in investment without risk, so you have to bring out the risk part first before you can talk about the investment or even getting profit.

A lot of people have failed due to the view and mindset they have when it comes to taking risks, which in life, one step of higher risk is capable of changing your financial story, either good or bad. You can make it in a night, and you can still lose it in a night no matter the type of investment or business. That is why I always say for you to successfully change your financial status, you have to learn or know about risk management first. because it will help you to avoid jumping to any type of risk.

Fortify

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Quote from: Eres1 on January 08, 2025, 06:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy but the fact is that wealth is one thing that is created over a given period of time and since it's created their are steps that you need before wealth can be created and one of such steps is to change your mindset and believe system that one has concerning wealth because the fact is that true sustainable wealth is created via investment that returns profits on investment and has a great potential of growth over a given period of time

It is very hard to understand what you're trying to say and you need to learn how to break up your writing with at least some basic grammar, you need to separate sentences with a full stop instead of letting it continuously run on. Trying to extract meaning from what you're saying - no, there isn't a magical time when you will suddenly become wealthy in life. The people with wealth have generally worked their finances towards that situation over a long time and by being very wise with their money. It does rely on long term investment as you say, you should never expect to turn $100 into $100k by choosing some stock to buy and thinking that it will go up quickly, just like winning the lottery this happens to very few people and should not even be a consideration.

uche6215

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Quote from: Smartprofit on January 11, 2025, 12:21:12 PM

In my opinion, investments alone cannot create capital (wealth). If you only have $10, you are unlikely to become rich by investing this amount.

In order to become an investor, you must first create seed capital. Seed capital is created through hired work or business.

At the same time, to receive a large income from hired work, you need to become a unique specialist with high qualifications. Otherwise, your salary will be completely spent on covering current expenses. And you will not be able to invest.

Also, to create a profitable business, you need to constantly develop your entrepreneurial skills. After all, many businesses go bankrupt at an early stage.

No body is saying that investment doesn't need capital to start because anything relating to investments is capital incentive so I agree with writer that you need to have a mindset that is investment based because any thing you become in life is a function of your mindset so even if you have billions at your possession and you don't have the right mindset in terms of your mentality you're not going to do anything with your money but someone with a right mindset can turn even the tiniest of money into wealth through investment

Smartprofit

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In my opinion, investments alone cannot create capital (wealth). If you only have $10, you are unlikely to become rich by investing this amount.

In order to become an investor, you must first create seed capital. Seed capital is created through hired work or business.

At the same time, to receive a large income from hired work, you need to become a unique specialist with high qualifications. Otherwise, your salary will be completely spent on covering current expenses. And you will not be able to invest.

Also, to create a profitable business, you need to constantly develop your entrepreneurial skills. After all, many businesses go bankrupt at an early stage.

Zoomic

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Let me me breakdown some people's thoughts about wealth.
Once they get any huge amount of money, they buy cars, enroll in expensive schools, accumulate luxury items and live extravagant lifestyles. To them, this is wealth. They may be right though, but if there is nothing to sustain that luxurious lifestyle, then they should be expecting to fall drastically.

The most important thing about wealth is the process of wealth creation. Wealth doesn't just come overnight, the person who desires to accumulate wealth must be consistent and patient in investing in projects that will generate continuous returns. In addition, they must keep themselves updated with recent updates so they can diversify if need be or work on themselves so the wealth keeps growing.

pusaka

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Quote from: Su-asa on January 11, 2025, 09:48:16 AM

Without a source of creativity you can't get wealth. Give someone with an investive mind a sum of five million naira and they would be able to create wealth with it after a long period of time, it's not about how small the amount of money is it all depends on how well you are able to think. Someone who lacks the investive mindset wouldn't be able to multiple whatever they have, these category of people go broke after making a huge amount of money because they don't have anything to channel their money to. If you don't have ideas of what to invest in the internet has made this easy, just search for something online.

Mindset becomes something that can change that, because with that thought will be created many ideas and for me an idea is something that cannot be paid for with money. Many rich people now see them creating it because of an idea, maybe some will think the idea is crazy and unreasonable, but it has been proven to work. But the problem is, we usually don't want to go through the process or in other words we only want something instantly, that's what ultimately makes an idea that is actually good become an idea that fails because of its poor implementation. This must go hand in hand, and it will also be easier if we have decent capital of course.

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Quote from: Eres1 on January 08, 2025, 06:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy but the fact is that wealth is one thing that is created over a given period of time and since it's created their are steps that you need before wealth can be created and one of such steps is to change your mindset and believe system that one has concerning wealth because the fact is that true sustainable wealth is created via investment that returns profits on investment and has a great potential of growth over a given period of time

Don't force yourself to do something that we don't know because it has the potential to lose money in running it. Wealth is always considered about how much wealth we have and people will say we are rich if we have abundant money and wealth. Mindset determines a person's style because usually poor people always say they can't afford it and they often complain because they don't have the opportunity to get wealth. Even though everyone has the same opportunity to get wealth in different ways.

If we want to get rich, we have to know the method and usually when people want to build a business, they need capital, skills and courage to start and the rest depends on our own actions on how to create a pattern to develop the business to be more developed.

Su-asa

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Sibi Dabo,,,,,,, Teme Ini Na Sime

Without a source of creativity you can't get wealth. Give someone with an investive mind a sum of five million naira and they would be able to create wealth with it after a long period of time, it's not about how small the amount of money is it all depends on how well you are able to think. Someone who lacks the investive mindset wouldn't be able to multiple whatever they have, these category of people go broke after making a huge amount of money because they don't have anything to channel their money to. If you don't have ideas of what to invest in the internet has made this easy, just search for something online.

tygeade

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Quote from: TheUltraElite on January 09, 2025, 08:13:59 AM

Quote from: bitterguy28 on January 08, 2025, 06:36:40 PM

i agree wealth or success is not something that you have to wait for it’s something you have to work hard for yes patience must be involved but also hard work and determination are needed if you just wait for wealth to happen naturally then you’re waiting for nothing

Hard work and determination will lead to a good education and then earnings, investment comes once you start earning you look into the assets available at hand and then start putting money on them. For this a good income source is necessary and so is financial literacy. Most of the people dream big but they lack the first one, because they are not willing to work hard for a decent income. That is what youth is for, you earn now so you can reap in the older age.

Patience is important in making deals, observing characters and putting in the right investment at the right time. All these are virtues and the relative lack of them leads to a bad investor.

Most of the people in the world do not earn enough to make a good enough to put money aside and that is the problem. Majority of the world is living under poverty wages, which means that their salary is not enough to be considered out of poverty, they are literally in it.

You can't expect these people to live even worse, so they could save some aside and get themselves out. Maybe on paper that makes sense, but these are not the people who are spending 100 dollars on a steak, these are people who are spending 100 dollars on food for a whole week or even two weeks, in some parts of the world even for a full month. This is why, you can't really see assets getting grabbed up by everyone, only a few rich elite does so, a few million people around the world gets richer, while billions are living in terrible conditions. There are literally billions, over two billion, people who are not getting nutrition they should, because they can't afford to buy proper food.

ancafe

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Quote from: Mate2237 on January 09, 2025, 03:15:05 AM

Wealth is something that is created when the right mindset is there because one thing that is common among the wealthy people is that they see things differently from the way the ordinary man sees things and that is the starting point of creating wealth because mindset players key role it's when the right mentality is there that one can be thinking of increasing his wealth base by finding a business that he can invest into and create wealth

There should be a shift in the way and manner that people view things as becoming wealthy has a link with your mindset as it's critical and important in the process that leads to wealth creations

Even if the wealth inherited from parents but is not managed properly will also run out, let alone seeking wealth in a life condition that is full of shortcomings like today. Mindset determines but also cannot be separated from the capital we have because investing with small capital takes a little longer. The view in seeing something must be based on the determination to improve life so that people will be more motivated to achieve success in finance.

Everyone has the same opportunity to achieve a better life but it depends a lot on one's ability to run. Most people understand how to do it but do not have the courage to start and that is the same and will never succeed in investing because thoughts and actions will go hand in hand to achieve it.

memehunter

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Quote from: lovesmayfamilis on January 09, 2025, 09:29:42 AM

If only it were as simple as you write, OP. Read motivational books, watch videos about successful investors, change your thinking, and that's it... but alas. Thinking correctly does not mean being like you think. Any business requires capital; to properly manage this capital, knowledge, good education, etc., are necessary. To be a successful investor, you also need funds, and here comes the question of time. How long are you willing to wait until you decide that you are rich? If your investments on the path to wealth are small, you will wait a very long time, and one lifetime is not always enough.

Quote from: mindrust on January 09, 2025, 09:40:01 AM

Having the mindset of a wealthy person will increase your chances of becoming wealthy. Whatever you do in your daily life you will mostly follow the footsteps of a wealthy person.

(Rich and wealthy have different meanings.)

•A wealthy person does not show off.
•Pays his bills on time. Not early, not late. On time.
•Borrows money almost always to make more money. (Make investments)
•Doesn’t borrow money to buy liabilities. (Luxury stuff)
•Anything luxury he has probably either was a gift or bought it for free.
•He is planned. He has a schedule for anything ahead.
•Doesn’t like to work under someone else. He’d rather work for himself.
•He is not afraid of taking risks.
•If the same product is 5% cheaper in a store that is a couple blocks away, walks there. (Unless he can make more money than 5% by doing something else in that 5 mins)

I can probably give you more examples but that’s it for now.

You guys forgot to mention the most important thing, 'punctuation'. Grin

Dewi Aries

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Quote from: Eres1 on January 08, 2025, 06:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy but the fact is that wealth is one thing that is created over a given period of time and since it's created their are steps that you need before wealth can be created and one of such steps is to change your mindset and believe system that one has concerning wealth because the fact is that true sustainable wealth is created via investment that returns profits on investment and has a great potential of growth over a given period of time

Wealth is not only cornered on investment, many people out there can become rich and live comfortably not because of the investment that is made and profitable. Investment is something that can be said to be risky because if it is done without any knowledge at all then it is possible that we can experience losses, besides that I think not everyone can invest while to work or have a good mindset everyone can do that.

When you see someone who is successful because they make a lot of profit through investment, it is not wrong for you to be motivated by it, but you must also think that investment is not an easy thing to do, it requires very mature consideration to avoid risk even though the risk is definitely there and happens because there is nothing that does not have a risk side.

mindrust

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Having the mindset of a wealthy person will increase your chances of becoming wealthy. Whatever you do in your daily life you will mostly follow the footsteps of a wealthy person.

(Rich and wealthy have different meanings.)

•A wealthy person does not show off.
•Pays his bills on time. Not early, not late. On time.
•Borrows money almost always to make more money. (Make investments)
•Doesn’t borrow money to buy liabilities. (Luxury stuff)
•Anything luxury he has probably either was a gift or bought it for free.
•He is planned. He has a schedule for anything ahead.
•Doesn’t like to work under someone else. He’d rather work for himself.
•He is not afraid of taking risks.
•If the same product is 5% cheaper in a store that is a couple blocks away, walks there. (Unless he can make more money than 5% by doing something else in that 5 mins)

I can probably give you more examples but that’s it for now.

lovesmayfamilis

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✿♥‿♥✿

If only it were as simple as you write, OP. Read motivational books, watch videos about successful investors, change your thinking, and that's it... but alas. Thinking correctly does not mean being like you think. Any business requires capital; to properly manage this capital, knowledge, good education, etc., are necessary. To be a successful investor, you also need funds, and here comes the question of time. How long are you willing to wait until you decide that you are rich? If your investments on the path to wealth are small, you will wait a very long time, and one lifetime is not always enough.

Stepstowealth

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Quote from: Eres1 on January 08, 2025, 06:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy

The people that see wealth as something that they have to just be patient and wait their turn to become wealthy may never become wealthy because wealth requires action action in investment and action in discipline to make sure that we do not squander the profits and the investments when we finally make it. Wealth is not on a turn by turn basis it is only for those who desire it and take conscious action. The mindset of investment is not only key to creating wealth, it is also key to maintaining wealth.

Fiatless

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Quote from: Eres1 on January 08, 2025, 06:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy but the fact is that wealth is one thing that is created over a given period of time and since it's created their are steps that you need before wealth can be created and one of such steps is to change your mindset and believe system that one has concerning wealth because the fact is that true sustainable wealth is created via investment that returns profits on investment and has a great potential of growth over a given period of time

Some religious or traditional leaders believe that life is fated. They teach that people are destined to be poor or rich. If you are destined to be poor, no matter how you work hard, you will never get rich. While those who are destined to be rich, might not even work hard to be rich. Some of them give examples of people who win jackpots in betting or inherit wealth.

It is not bad to believe that some supernatural forces determine the outcome of our lives but it is wrong to depend on luck for your success. Getting rich is a conscious and continuous process of saving and investing in profitable ventures. It involves the process of spending less than your income and investing your savings wisely. It involves identifying opportunities and maximizing it.

memehunter

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Quote from: Eres1 on January 08, 2025, 06:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy but the fact is that wealth is one thing that is created over a given period of time and since it's created their are steps that you need before wealth can be created and one of such steps is to change your mindset and believe system that one has concerning wealth because the fact is that true sustainable wealth is created via investment that returns profits on investment and has a great potential of growth over a given period of time

You have written too much probably it is good time to read a little. Grin

Ever heard of punctuations?
Punctuation in English serves to clarify the meaning of written text and guide the reader through the structure and flow of sentences. It helps to organize thoughts, making it easier to read and understand complex ideas.

Since you are new here (comparatively Grin

) I will suggest you devote your 99% of the time reading and grasping concepts instead of spamming jumbled up generic nonsense.
Next time I will report such behavior of you, have some respect for the time and energy of others.

landheer

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Quote from: Eres1 on January 08, 2025, 06:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy but the fact is that wealth is one thing that is created over a given period of time and since it's created their are steps that you need before wealth can be created and one of such steps is to change your mindset and believe system that one has concerning wealth because the fact is that true sustainable wealth is created via investment that returns profits on investment and has a great potential of growth over a given period of time

Of course, the wealth that is obtained requires hard thinking to achieve it, so too with investment, that is the path to wealth with the existing procedures and wealth will come to those who think more advanced for the future, although it is necessary to try to make investments that are suitable to be done with a positive mindset.of course in order to get what is expected.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: bitterguy28 on January 08, 2025, 06:36:40 PM

i agree wealth or success is not something that you have to wait for it’s something you have to work hard for yes patience must be involved but also hard work and determination are needed if you just wait for wealth to happen naturally then you’re waiting for nothing

Hard work and determination will lead to a good education and then earnings, investment comes once you start earning you look into the assets available at hand and then start putting money on them. For this a good income source is necessary and so is financial literacy. Most of the people dream big but they lack the first one, because they are not willing to work hard for a decent income. That is what youth is for, you earn now so you can reap in the older age.

Patience is important in making deals, observing characters and putting in the right investment at the right time. All these are virtues and the relative lack of them leads to a bad investor.

ndutndut

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Quote from: Eres1 on January 08, 2025, 06:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy but the fact is that wealth is one thing that is created over a given period of time and since it's created their are steps that you need before wealth can be created and one of such steps is to change your mindset and believe system that one has concerning wealth because the fact is that true sustainable wealth is created via investment that returns profits on investment and has a great potential of growth over a given period of time

Yes, that's right. Having a mindset to invest is one way to create wealth and discipline is the key, there is no compromise, all we can do is try and be patient. So it is true that investment is one way to create wealth for the future. To become a successful investor, of course, you must have a hobby of reading and enriching yourself with a lot of knowledge/information and investors must have a mindset that never gives up, and always think positively, optimistically, constructively.

So, wealth does not come by itself, everything takes a process so that wealth is definitely created by itself. Maybe there are people whose wealth comes by itself, but this only applies to lucky people, but the majority of wealth must be created by themselves. In fact, almost all rich people start from When doing something not half-heartedly, it must be 100% and must know the priorities so that from all of that an opportunity is created to become rich. What everyone must have to create wealth is a work ethic towards what is being done and every time we get the opportunity, we must bring out 100% of our abilities.

Topic: Investment mindset key in creating wealth - page 2. (Read 466 times)