Topic: Millionnaire mind : How to be rich? (Read 322 times)

There are some jobs which is paying in millions but those company owners are making in billions so if you are smart enough that is my point to be understood.

We need to figure hard in order that we will still be rich even without the means to seek out an IPO. you would like to seek out your own way of growing up without being hooked into others. to extend your wealth, you ought to attempt to double your money by investing elsewhere.

Luck - saving like a madman doesn’t seem to be the way. Finding an ipo might be the way for those who were not involved in bitcoin back in 2009.

In order to be rich, our mindset should not be like an employee mindset. We should think differently where we keep seeing different kind of opportunities in every type of investments. I'm a type of persons who want to be rich and that is why I keep making investments.

How much luck is involed in this equation?

I agree with you that you are right in saying that working for a salary will be within the limits that you will never get rich and meet the needs of your family. That is why you need to make more income than you need and try to get your money up and running.

One thing to note as well is that most of these self made millionaires did it over a long time. It doesn't happen overnight. There probably were a lot of disappointments and heartbreaks along the way. I'm not yet a millionaire but i think one way to go there would be to not be afraid of going for a long run. Small steps forward would one way or another get you to your goal. It may take years but look at those people at the top. They made it there because of their determination.

good words.
in other words, financial management is the most important thing if they want to become a successful businessman. many people who are just trying to learn business but they often forget important things like that. my personal opinion, controlling money is indeed very difficult especially when a desire is greater than its usefulness (I feel that I am not yet suitable in business).

They are open minded for business they don't overspend their money.
They only buy what they need or what they could afford unlike most of us we would take a loan just to have what we want just to celebrate what we want.
They know how to control their money.

Increase your assets more than your liabilities.

Make your money work for you!

You can't be rich if you are not making money while you are sleeping.

Never work for salary!

We all want to be rich For this you need to use your skills and techniques to make money You can invest in getting rich and investing should always try to save. It is also possible to achieve success if you have to move forward, not to disappoint with loss of work.

It's generally more informative to consider the opposite angle. What dooms people to being eternally broke?

From my observations the main characteristic that imprisoned them was their inability to defer gratification.

I knew a creative type whose output was world class. However he would throw away whatever he was building to progress it the moment anyone offered him some bullshit shortcut. Of course it always turned out to be hogwash so he was back to lower than square one again.

He always voiced the fear of winding up being the person who could've been someone rotting in the back of the pub and that's exactly what he became. He couldn't look beyond the end of his willy or the next five minutes.

I talked to a bloke who was three times bankrupt. I asked him where it all went. He spent quite some time considering it and then said it was mainly designer clothes on credit. Then he pointed out his new designer clothes with his new credit line.

For some reason the Bitcoin pious call instant or delayed gratification high/low time preference, which is a loathsome phrase, but if you can't get a handle on that you may as well not bother at all.

This is not true at all.  I know a lot of extremely intelligent people who willingly choose to do things that make them and their families happier as opposed to maximizing their earning potential.  In fact, most of the happiest people I know value their wealth not by the amount of money they have in the bank, but by the strength of their friendships and relationships with their family.

A great quote on this subject...

And it never ends because this is how the world is built. There's always somebody richer than you and there's always something more expensive to buy.
A poor guy will dream of his own house and a car and if he ever gets rich a heated swimming pool in the garden and a garage with 1 car for each member of the family.
When he gets it his standards will change and he'll think a rich person owns a 10 bedroom mansion and has a private cook and the garage is full of cars because he needs an RV, a town car, a sports car, one for every kid...
When that's accomplished he still won't be satisfied because rich sudenly will mean owning a garage full of exotic cars and houses in different parts of the world.
When he get's that he'll want a helicopter, a yacht, his own sky scraper... When he gets that it will be a career in politics. It never ends!

What is this obsession with merely becoming rich by any means necessary? Instead of wanting a mansion and a Lambo and millions in the bank, why not be content with owning a reasonable sized house and a half decent car that works and a bit of extra disposable cash to do what you want with? There's nothing wrong with having aspirations but I think this hustle culture and getting rich quick mentality a lot of people have are setting themselves up for a life of misery and depression, especially if your aim is to become a millionaire with a mansion and flashy car as 99% of people aren't ever going to achieve this.


Did it work? Are you rich? People seem to think there's some magic formula to becoming rich and if you just read a few books from entrepreneurs or follow some tips from an online influencer you'll hit the jackpot, but what people don't realize is these people are just selling you some generic bullshit and that's how they often make their money. Every time I go on Instagram my homepage is filled with nonsense from these so-called get rich quick influencers mostly posting about things they know little about in the hope that one day they'll have a big enough audience to actually make some money from. A classic one is Tai Lopez who seemingly faked it till he made it by buying lots of youtube ads showing off his rented Lamborghini and how you too can achieve that if you just give him your money. Now ironically he does have the money for many Lamborghinis because people bought into his courses and all the other rubbish he's selling. Nobody has ever been able to find any info on his background other than a few failed businesses but it looks like all it took was the charade of wealth and enough money to rent a Lambo and buy youtube ads. The simple reality is that to get anywhere in business you need to work very hard and create as many opportunities as you can, but you also need a bit of luck. How many people start a business or have a great idea but they just never get off the ground or go under because of one reason or the other? Most business fail, but a good entrepreneur will pick himself up off the floor and try again, but sometimes you can be doing this your whole life with no results and can end up with nothing but without taking risks you won't ever get anywhere but I don't think most successfully people got there because they followed the advice of some other guru and they just worked it out themselves and I think that's what people should be doing because that's how you come up with something unique or worthwile.

Time is money, it's a matter of finding a way to make all those seconds count. When you work for an employer, you are selling your irretrievable time to him for a bunch of paper.

Most of the time (no pun intended) you earn money by saving people time. Even products like games can be seen this way. People who want to waste their time no longer need to spend time creating what they can waste time on.  That's time saved!

0. don't work
1. Think of something to steal
2. Find a legal way to steal it
3. Do this over and over.

I spent 45 minutes signing papers 10 years ago and now I get to steal some dude's paycheck every month.  A few afterwards I repeated the process and now I'm too burdened by the guilt of stealing paychecks from two families each month to scale up the operation.   No work or skill was ever involved on my part.

frugality and being able to use money from income for something useful. Buy something that is a major need, not a mere desire.
From the savings, it is used to save and invest. The money collected is used as capital to start a business or other productive activities, most importantly being able to see opportunities around that are needed by others.

"Always be positive"
This is saying a lot of things. You have to be prepared for the worst but you have to expect the best.
this is how you have to build your mindset and train your mind for that.

You don't have to be a CEO to be rich. There are no rules that always work.
I know people who got wealthy being partners or employees of smart leaders. Investment bankers and analysts in the US make more than 100k USD a year. Maybe that's not crazy rich, but it's a lot. If you can make a million dollars in less than 10 years you are rich in today's world.
My rule is don't lie to yourself and don't aim too high. If you are never able to settle for a certain wage you will never be happy.