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Topic: Millionnaire mind : How to be rich? - page 2. (Read 316 times)

sr. member
Activity: 1610
Merit: 301
*STOP NOWHERE*
January 23, 2020, 10:26:28 AM
#11
Everyone in thos world want to be become rich but they cannot make it possible if they are working for someone for their whole life.Be yourself a boss even if its a startup one day it will become a big company.Be smart and make others work for your benefits.
World deadliest addiction is monthly salary. Your company uses your skill to make progress and get rich while workers keep on working for there complete life. Make a bold decision before it gets too late.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
January 23, 2020, 06:18:51 AM
#10
Well there's a much easier way to be (or to become rich)

1. Be born into money. That's without a doubt going to be the simplest way to be rich (I know, I'm messing around but this is the best way).

This is sure the easiest way of being a Millionaire, having our mom and dad to work hard for us to be a millionaire.

2. Work a good job (pay wise) and save a large amount of your salary. Take this money and invest it in the stock market, this is the best sure fire way to becoming wealthy.

Not all who invest in stock market become wealthy, there are lots who got burned because of a wrong decision.  Ever heard of the term equilibrium?  One cannot earn money without someone losing it.

2b. To further complement 2, have a side hustle of some sort to make money that isn't based on the amount of hours you work but instead is based on scaling your side hustle. This could be something like real estate, consulting, web dev work, etc.

Smiley

Creating extra job to earn more will go to waste without proper monetary system.  Financial literacy is needed to be able to know what to do with extra money that we earn and the most important is discipline towards money spending.
sr. member
Activity: 1150
Merit: 260
☆Gaget-Pack☆
January 23, 2020, 06:14:26 AM
#9
I think if you aren't already born into a fortunate condition/situation then being rich all comes form a mindset. I think you have to be rich within your mind before you can ever strive to be rich in actual life. Also the word rich is quite subjective. Rich could be a secure financial condition that allows you to have your cake and eat it to in a sense. Then theirs enough money to buy a small island or country, rich. I believe that "rich" may be in the eye of the beholder.
  Who know the, i'm not rich, but that's how i'd imagine it.  Embarrassed
sr. member
Activity: 1036
Merit: 279
January 23, 2020, 04:51:19 AM
#8
Why am I reading this in the Alux narrator's voice?  Grin

There's so many different avenues for making money. I know they say never take money advice from a poor man but I'm gonna leave a comment anyway. I think it all really boils down to value. That's the essence of economics, the transfer of value.

So basically it's prepping yourself out to produce value (training for skill, setting up a manufacturing process, etc.) for someone. It must be something they'd value else there'll be no transfer (though marketing might help here). Then from there it's managing the money flow.
sr. member
Activity: 1470
Merit: 325
January 23, 2020, 12:46:52 AM
#7
Who doesn't want a comfortable Mansion?
Who doesn't want a Luxurious car?
Who doesn't want a stable flow of Money?

As I came back in this forum, I brought some valuable information that might benefit our community as we reach future success and fullfilment.

At the end of this article we can have a basic knowledge on how can we secure our future or how can we survive ourselves, in a way that we will not be much affected if we experience again a financial crisis.

• Mindset
Don't complain. According to Jack Ma every complain was an oppurtunity and if we can solve other complains or problems it can be equal to money.
Everything is difficult, life will have no thrill if everything you need was easy to get. Practice yourself to be mentally tough across cicumstances for we will always encounter situations that are not favor to us. On the other hand, what matters the most is how you percieve it.
Everything is about mindset, always be positive whatever happens.
  
• Skill
As an individual you should develop a skill that can probably support your living. It can be something that is related to your academic background, talents, interests or personal experiences. Build this skill as you take your career path or enter the corporate world so you can have a foundation that you can use to earn money.
Take note that diploma is not always required to be successful, what we need is a mentor.

• Business
School is a business and created to produce employees and if we want to become rich don't be just an employee create a business.
As an employee no matter how much hardwork you make, your salary will always be the same and your boss is the only one who will become rich. Let's say you are being promoted, yes your salary might increase but still your boss is the only one who will become rich.
Maybe you are saying that you are not a business person but in fact everything can be learn if you have the courage and commitment to do it so.

• Investment
We cannot work in our whole life, our body will need some rest afterall. This was great if you finally build your business/es for it continuously gives you income even you are not working.
I highly suggest to learn this topic and have a research about stock investing. There are a lot of resources online that talks about how to start with it. What's nice here is that if we spot the right stock that suites to our character and need we can have another stream of income that can fight for us even if we are not working or if financial crisis strikes again.


Proper mindset and skill should be done first before creating a business and investment so you can have a strong foundation. In addition, our goal for business is for it to generate a passive income wherein you are not required to put extra effort for it to make money although you need it on the beggining.




p.s. Again this is just a basic and general information about How to become rich. Detailed discussion will soon be updated if this interests you.

p.s.s. This wasn't plagiarized and was originally created by me based on my own research. I hope that this brings value to the community and in return a single merit is much appreciated.

millionaires are rich because:

they have luck

they are financially literate, and have access to kapital, while others have to sell their time.

millionaires also have the luck to invest intosafe equity, which others then are forced to protect. while they take profits out of it.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
January 22, 2020, 11:23:37 PM
#6
Take this money and invest it in the stock market, this is the best sure fire way to becoming wealthy.
I see some cases where many stock prices are falling. I mean the stock market has volatility too (maybe less than crypto market).

So what do you mean by saying "best sure fire way"? Is there a stock that surely growing stably in the stock market? And how big the percentage you can get from money that you put in?



Yes, stock prices go up and down. But in the grand scheme of things (since before the Great Depression until now) the stock market has grown at a rate of about 10 percent a year ~ 7 percent after inflation yearly. Our best indicator, at least in something that's been around as long as the stock market, is past performance.

Crypto is volatile, volatile as FUCK.

Just to show that, some of the worst entire YEARS in the stock market have shown 70 percent losses (Great depression)and the most recent losses have been around 50 percent or so (during the great recession of 2008. In crypto we see swings of 90 percent in a day, sometimes every few days (with some coins)



hero member
Activity: 1456
Merit: 567
January 22, 2020, 09:22:04 PM
#5
Take this money and invest it in the stock market, this is the best sure fire way to becoming wealthy.
I see some cases where many stock prices are falling. I mean the stock market has volatility too (maybe less than crypto market).

So what do you mean by saying "best sure fire way"? Is there a stock that surely growing stably in the stock market? And how big the percentage you can get from money that you put in?



Detailed discussion will soon be updated if this interests you.

I'm very interested in the detailed discussion. But to have a comfortable detailed discussion, the thread should be a self-moderated thread. So the important information won't be drowned by duplicate and common sense opinions.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
January 22, 2020, 09:00:23 PM
#4
Well there's a much easier way to be (or to become rich)

1. Be born into money. That's without a doubt going to be the simplest way to be rich (I know, I'm messing around but this is the best way).

2. Work a good job (pay wise) and save a large amount of your salary. Take this money and invest it in the stock market, this is the best sure fire way to becoming wealthy.

2b. To further complement 2, have a side hustle of some sort to make money that isn't based on the amount of hours you work but instead is based on scaling your side hustle. This could be something like real estate, consulting, web dev work, etc.

Smiley
legendary
Activity: 4410
Merit: 4788
January 22, 2020, 07:15:28 PM
#3
other tips are. be smart with the money you have. are you actually spending it on things that can generate you more.
this does not mean stop feeding yourself to invest. it means feed yourself as that money fuels your energy and your enegry makes you productive to work harder without waring out.

it means when you buy luxury stuff. is it really stuff you need in your life. could you use that money to create even more money. and then get the luxury item once you have excess money.

i see many people say they are poor but they happily spend $15 on fastfood. when they can easily make it for $3 in the same time as a 30min delivery.
by spending 30 minutes in the kitchen and $3 you then have $12 to use elsewhere without affecting your diet.

buying a $100k car in cash is a mugs game. its better to do a hire/purchase agreement of 4 years.
firstly your initial outlay is not even $5k and you can be smart and use $50k to generate more knowing you dont have to worry about that $50k for 2 years.
oh and if you are ever having debt collectors calling dee to other issues. they cant take the car as its not in your name. same with housing they cant take your home if your only renting.

buying things outright takes alot of your money out of your control in one go. while not being financially secure try not to throw your money at luxuries to appear secure.

put it this way.. most 'lambo's used as decoration at the bitcoin conferences a few years back were hired for a couple weeks. they were not bought and kept

..
as for how to accumulate wealth. try a bit of everything. see if you can cook your $3 meal and sell it for $15. find out what things re missing in the community.
i have seen people that have called their town by a derogatory word that sounds similar to the town. but used as a term of admiration.. so they made hats and shirts and made some money out of it.

also dont be afraid to let others do the har work for you and you take a cut. whether you wholesale, franchise or just take on an employee. dont think that your project/business has to be a one man team where only you take all. sometimes expanding is not a cut to your income but a expansion of your income and a reduction of your time to then try other things.

take grocery stores. they would not make much if the only thing they sold was carrots. they have a bit of everything these days that includes clothes and toys and appliances. so dont limit yourself to one small item.. its better to get 10cent each from      1000 things than it is to try getting $100 from one thing
full member
Activity: 1498
Merit: 146
January 22, 2020, 01:48:54 PM
#2
Everyone in thos world want to be become rich but they cannot make it possible if they are working for someone for their whole life.Be yourself a boss even if its a startup one day it will become a big company.Be smart and make others work for your benefits.
full member
Activity: 501
Merit: 147
January 22, 2020, 07:10:47 AM
#1
Who doesn't want a comfortable Mansion?
Who doesn't want a Luxurious car?
Who doesn't want a stable flow of Money?

As I came back in this forum, I brought some valuable information that might benefit our community as we reach future success and fullfilment.

At the end of this article we can have a basic knowledge on how can we secure our future or how can we survive ourselves, in a way that we will not be much affected if we experience again a financial crisis.

• Mindset
Don't complain. According to Jack Ma every complain was an oppurtunity and if we can solve other complains or problems it can be equal to money.
Everything is difficult, life will have no thrill if everything you need was easy to get. Practice yourself to be mentally tough across cicumstances for we will always encounter situations that are not favor to us. On the other hand, what matters the most is how you percieve it.
Everything is about mindset, always be positive whatever happens.
  
• Skill
As an individual you should develop a skill that can probably support your living. It can be something that is related to your academic background, talents, interests or personal experiences. Build this skill as you take your career path or as you enter the corporate world so you can have a foundation that you can use to earn money.
Take note that diploma is not always required to be successful, what we need is a mentor.

• Business
School is a business and created to produce employees and if we want to become rich don't be just an employee create a business.
As an employee no matter how much hardwork you make, your salary will always be the same and your boss is the only one who will become rich. Let's say you are being promoted, yes your salary might increase but still your boss is the only one who will become rich.
Maybe you are saying that you are not a business person but in fact everything can be learn if you have the courage and commitment to do it so.

• Investment
We cannot work in our whole life, our body will need some rest afterall. This was great if you finally build your business/es for it continuously gives you income even you are not working.
I highly suggest to learn this topic and have a research about stock investing. There are a lot of resources online that talks about how to start with it. What's nice here is that if we spot the right stock that suites to our character and need we can have another stream of income that can fight for us even if we are not working or if financial crisis strikes again.


Proper mindset and skill should be done first before creating a business and investment so you can have a strong foundation. In addition, our goal for business is for it to generate a passive income wherein you are not required to put extra effort for it to make money although you need it on the beggining.




p.s. Again this is just a basic and general information about How to become rich. Detailed discussion will soon be updated if this interests you.

p.s.s. This wasn't plagiarized and was originally created by me based on my own research. I hope that this brings value to the community and in return a single merit is much appreciated.
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