Topic: Things to avoid if you want to be rich. - page 7. (Read 2291 times)

       -     May I ask something, Op? because there are some who give advice on how to get rich because they are really rich, and there are others whose wealth is just right, so they also give advice on what should be avoided or what should be done so that the lives of others can also improve.

and there are others who give reminders or advice on how to get rich because they feel rich or are just bragging that they just bought something that others don't have and they feel like they are rich., although there is nothing wrong with what you said. I hope you don't get offended. Because getting rich only happens through the system that is done or followed.

This is true. Slow to make decisions and at the end not making any at all are one hindrance to becoming success. Some people are scared of making mistakes if they act on a decision. They do not trust their instinct. One thing i know is that not everyone we can be right and not every time we can be wrong. There is period when we are supposed to take huge risk not minding the outcome. Not taking any actions in a long time is going to be the highest form of risk because time is quick and waits for no man.

Wrong decision making will always lead us into failure and even losses. Hence, we need to stick on rational decisions so that the risk to fail will be lessen while increase the chances of profiting. It's okay to commit failure at first and eventually lose some funds, but from then on, one should learn his lesson and apply it the next time he make decisions so that the goal to become rich will be possible at all.

When making decisions, we should act logically and all details should be considered. If we have a goal and it is not easy to reach that goal, we need to plan all our steps and know what to do in the face of negativity. We should ask what difficulties those who do the same job went through and what kind of a plan they made before starting the job and what difficulties they encountered, if possible.

We should be courageous and evaluate new opportunities when we see them. Of course, we should be planned and act logically in all our decisions. There should be times when we will take risks, but we should also try to minimize the risks.

Actually this kind of thing could really be that reversible on which there would really be those people who are really that become too lazy on the time that they would really be finding themselves to work on something a job that they dont really like and there are ones who would really be working well on the  time that they would really be having their dream job. Most likely the case this would really be something that do happen,.
Working hard do pays of but we do know the reality when it comes into this aspect that there's no way that you could really be that make yourself be totally free when it comes into that common system where
you would really be always chasing up on paying up your bills and would really be that become an employee forever.. Some could really be able to get out but majority is really that trapped.

We are all thriving to become rich on which it would really be just that normal but you should really be that wise on what are the things that you must do for you to be able to rich out such thing.
Avoiding all possible things that could affect it out then it would really be just that a common approach. There would really be those individuals whose really that making up
those bad decisions due on being that delusional on which this one should really be that avoided.

To be fair, working hard on a job that you do not want to do is still better than the job you love but don't work hard for. That is why I think it matters how hard you work, and which is why you should always hard work and do as well as you can, which means that you are going to get the good result.

Because if you dislike your job but work hard, you are going to do decent enough, and when you work hard for something you do very well then you are going to do even better, which is why it's quite important part of the equation. Don't get me wrong, it's true that if you love your job then it's likely that you will work hard because you love it, but I have seen lazy people who are not willing to work hard for anything, even if you provide them with their dream job, it's just a personal thing for them.

So all in all, I believe that you should not be considering if you should find dream job or a bad job, work hard no matter what and eventually you are going to end up with a good result. This should be important if you deal with what you have, because you are going to get a good result whatever you do so you should be considering what you have.

indecisiveness always the bane of stagnating career and financial condition in my opinion, so many people hesitate, but if they keep heistating they will miss opportunity, such as buying BTC when it hits new low of $50k, some people bought and they be making real money right now, the hesitant people are making nothing but just watching the market .

this is why being decisive is important, if things fails then it fails, if we win somehow we win it big. but overall, I think as long as we have the necessary things required for us to take on new opportunity, always take it, who knows we might create big wealth out of it.

many things to consider in this, being rich is certainly everyone's dream, many people work without looking at time just to survive. besides that for those of us who want to be rich must be able to eliminate bad habits such as wastefulness which is more expenditure than income, people tend to buy what they want not what they need, and this is one of the problems that I think often occurs in society.

as in the blog that I read there are many points that must be considered to become rich, and one of them is wastefulness, besides that self-confidence must also be mastered by ourselves. with self-confidence of course we will continue to be enthusiastic in doing things also by setting targets that must be owned. some people are lazy to move because they are trapped in a zone that makes them comfortable and people like this I think will not experience development for themselves.

https://www.newtraderu.com/2023/03/14/13-things-to-avoid-if-you-want-to-become-rich/

You can avoid all this do all you can and never be rich. it's as simple as that just find one thing you are good at fucs on it and do it over time even when you don't feel like doing it and watch yourself explode. it's just the rule of consistency once you find your goal in life stay consistent on it and your luck will shine one day. perhaps what I'm saying in essence is that just following the rules doesn't make you any better or doesn't guarantee that you would be rich but it does help on your way to succeed.

I can also say life is spiritual, you have to be rich your mind, spirit and mentally to succeed in life hence reading and other things like meditation are also very necessary for getting rich because in quite times that's where ideas are born.

right, avoid this unnecessary waste often done to fail in achieving a target. should be prepared in terms of material, because this world is harsh for middle class people for me must be mentally prepared and fight with work, disciplined time if you want to be rich. but for me accepting conditions with sufficient circumstances every day is more grateful because there is no shortage. and the mind is comfortable the body is healthy

There are some wrong decisions in life that if you don't move away from, you will never be able to improve your life.  One of the most bad decisions is suffering from indecisiveness and making mistakes in making the right decision. If you don't have confidence you will never establish yourself and if you don't have the mindset to work hard you will never progress in life. If you don't have the educational qualification then there is no problem but if you don't have the mindset to work and the will to establish yourself then you can never make yourself a rich person.

In my opinion everyone will want to be rich but the way to get there is also different. There are many things, obstacles and sacrifices and that is very normal. But in achieving that I always ask the extent to which the rich standard you want to achieve? In my opinion it does not need to be a target because if someone is really diligent and tenacious in his work then he will be able to enjoy the pleasure of life. So this life must be carried out fully with art.

Take rick is the only way to survive in this world but the risk have be calculated risk, some people misunderstood the taking of risk, you found a young man having thought of becoming a rich man and since he's aware that to make it in life is all about taking risk then he will decide to take a risk in borrowing 100% of the capital for business thinking maybe he can manipulate and succeed but unfortunately it doesn't work that way, am a fans of borrowing money for business but I don't used that process and I will not advise any beginner to follow that way, those way are made for people with huge capital and aslo ventures in many things, anytime new business show they went and borrow money to start that particular business then depending on their existing business to be servicing the loan they took to fund this new one.

Choice is more important than effort. If we choose the wrong path, choose the wrong career and cannot maximize our potential, hard work and effort will never lead us to success.

People always advise each other to work hard, which is not wrong if we want to have a better life. But just working hard is not enough for us to become rich and that is why some people work hard until they die without escaping poverty.
Getting rich is never an easy path and each person will have their own path to success, so always stand up every time you fall and find your own path. Don't just imitate other people's success.

All these are basic things that people already know. Fear of failure, fear of taking risks, and procrastination are all things everybody knows they should avoid but these things come in different ways that you might not even know when you're falling for any of them.
The thing is you can avoid these things and still not be rich. What I mean is, that these are not the only ingredients you need if you want to be rich. Most times I see people talk about things to do in order to be rich, yes, I agree that there are general things you can do if you want to be rich, but I don't believe there is a pathway to it that everybody must follow.
Theres no point in not being afraid of failure when you don't learn from your mistake and thing outside the box. If you don't do that you'll just keep failing time and again. So like I said there is no set out pathway.

Lack of fear of taking risks has wrecked some people and has made so many people so saying people shouldn't be scared of taking risks is not as simple as it sounds. I am tempted to say it should be calculated risk, but even calculated risks go to shit, so again, it is not that simple.

@OP the top of the list that should be avoided is overspending.  No matter how a person applies all the knowledge about acquiring wealth, and is circled with lots of rich people if he can't manage his acquired wealth properly, he won't become/stay rich.

Overspending will exhaust the person's accumulated wealth easily especially if he spends more than what he acquires monthly.  Between the person who procrastinates but knows how to spend his earnings wisely and the person who does not but overspends each time he receives his paycheck, I am sure that the person who procrastinates will be way richer than the one who does not. I am not saying procrastination is a good thing but this simply show the severity of overspending over other factors that kept us from gaining and preserving wealth.

So I think before mentioning other things to avoid, the person who aims to gain wealth and become rich must first understand that overspending should be the first one to avoid.



In this story, I think the fault lies on the person who established his business.  There may be some gap on his decision or possibly, his skill is not inline with the business he opened. There are lots of possibilities but I think it is more on the connection, skills, and choice of people around him.  Critical thinking and making decision on each situation are also important.  There are lots of factors that contribute to a business's success like strategic planning, proper financial management, good service and product quality, etc.. and missing some of them can lead to bankruptcy.



I think in order for working smart to take effect, it should be coupled with working hard.  Working hard and working smart are two different things, they can produce a synergized effect if combined.

Imagine someone earn $10K per month and he saves $1K every month. After 10 years now he have $144K, he choose to resign and open a business with all of his savings, he's working hard for 3 years to make his business to survive, but he ended up bankrupt.

The guy has being discipline for 13 years, taking risk to open business and hard work, yet he didn't get rich.

In order to work smart you must work hard because if you have experience in something you mastered, you will know how to solve it quicker than before. Taking every opportunity require you to work hard since you need to spend more time than before.

 Things to avoid to become rich; avoid joining the bandwagon. We are created uniquely and differently and as such it's not always that you do what others are doing that would ensure your wealth because if you check all these rich people we are hearing about now, they decided to think outside the box and created something for themselves. It's easy to grow your wealth when you engage in a business no one has thought of because then there'd be no competition, but that doesn't mean you'd take advantage of that to control the market.
 Procrastination is what most have talked about here and I will still mention it because this seemingly harmless delay of something can cost you a lot being that the time you should have achieved things, you'd want to "rest" or as people try to deceive themselves " plan well". Time waits for no one and every little space you see, you utilize it.

Indeed, everyone's advice is not right and life cannot be lived by following everyone's advice and we don't necessarily need advice or motivation to achieve success. We make the standards and principles of living ourselves and follow them. It is impossible to follow the path shown by others for a long time, but I do not deny that motivational speakers and encouragers impact our lives. It doesn't matter if we have someone to encourage us in our life, we don't give up easily.

People who have legitimately earned money and gained wealth show it through their legitimate earnings, but many people who get rich by following wrong methods mostly follow their own whims. I also agree with the fact that they hide the story because they fear that if time finds out how they got to this point, their position may be taken away from them.

It is very difficult for a person earning a modest salary or living a modest life to progress very quickly, but if one does not lose heart and continues to work hard, he will surely achieve success one day. The more we work hard to live a good life, the more we can make the best of our lives.

Well, that's also true but again there's no substitute for hard work. Hard workers need time but they always get success and become richer than others. I know some people who are lucky can work less smarty but still get success and rich but those people are very few in number. Hard workers often face tough times in their lives but in the end they are the happier ones.