Topic: Things to avoid if you want to be rich. - page 8. (Read 1582 times)

To become rich avoid excessive spending on non-essential items, laziness & negative influences. Steer clear of debt traps like as high interest loans & credit card debt. Avoid toxic relationships that drain your energy & motivation. Always resist the temptation to chase quick money schemes, focus on sustainable, long-term investments instead. Embrace discipline & a strong mindset for lasting wealth.

It is just like Robert kiyosaki writing a book rich dad poor dad as if getting rich is automatic when you read and follow what examples or ideas on the book. Sometimes, it doesn't just end with who you are friends with because if you are friends with the wealthy and you are not prepared with wealth creation and sustainability, you will find yourself crashing back after you have climbed with the financial support you get.

What is important for me is personal reformation growth to live ready for opportunity.

This thread is not centered on whether i am rich or not, but to motivate people on their journey towards success, I might not be as wealthy as some people here in the forum, but by God's grace, I've been opportuned to manage my dad's real estate business and if I wasn't disciplined enough to manage it, i would've probably squandered the funds that comes from the business like most people do.

 Talking about an uncivilised environment, who says everyone living in 3rd world countries are poor? Yes majority might having issues in getting ends meet but I want to correct the impression that it's not for everyone.

OP, no offense, I skimmed through your posts. Now, after creating this thread, I have a question: Are your lessons based on personal experience? Have you gone through the entire path you teach? Does that mean you are rich? Can I think of that?

 Quote your post:

In fact, all of this has been online for a long time, all these motivational lessons, and so on. But forgive me, OP; it's just funny to see when people start teaching things they are not educated in. Is it possible to have more life experience and not hackneyed phrases about procrastination?

Tell us how you became rich based on all your posts.

I'm just sure that the OP is simply paraphrasing AI posts and passing them off as his own knowledge.

There is no universal formula that will lead us all to wealth or success, everyone has different circumstances and starting points, so there will be different formulas.

My advice, you should focus on your plan and life and find ways to get rich your way. Don't give advice or teach others to get rich, or teach rich people how to spend money while we are not rich and have never experienced that wealth.

If you really want to help someone or the community, you should share your experiences instead of getting general information online when anyone can find them easily.

These are actually very important points to take note of, procrastination can be the downfall of every man that strives for successful life, there are steps you might have planned to take in order to leave your current situation but due to procrastination you might not make that  move on time, if you have an idea or you want to do something do it without hesitation and postponing
Following the wrong friends too is also something that can bring anyone down, in life we can actually be uplifted by the people around us
It's important to choose our friends carefully, networking is important, make friends that have business ideas

Sometimes it's good to not argue with points you're not very sure about, who told you there are no rules to becoming rich, for someone to become rich there are certain things the person must do or have and the most important of them is discipline, then hardwork before others, every successful investor and business person knows this, they know the sacrifices it takes to get to that level.

 Those successful people you mentioned might have been made through diverse ways, but that doesn't leave behind the fact they undergo certain stages before getting to that point they're currently and even though some rich people acquired generational wealth there are still certain things required to keep maintaining a wealthy profile.

 Getting rich is not generally about luck, though luck plays a role but hardwork plays a bigger role, self motivation, discipline, risk taking and many others still got their roles to play for one to acquire wealth, according to a research I made, it says to become rich one has to learn, earn, spend wisely, invest and also avoid being in debt too often so I put it to you that there are rules to becoming rich.

Things to avoid if you want to be rich: Believing you will become rich after you avoid something that will cost you money, follow the rich and focus on self improvement.

There's no rule to become rich, if Warren Buffet get rich from investing on stock, Jeff Bezos get rich from creating Amazon, Mark Zuckerberg get rich from creating Facebook. It doesn't mean you will get rich after investing in stock, creating the next Amazon, or creating the next Facebook.

Getting rich is all about luck, but working hard at least make your life better.

Procrastination is a thief of time. It has made many people lose opportunities that would have made them move forward financially. To avoid procrastination, if you have any idea, don't wait for the ideal time to begin; start with what you have. Perfection is good but starting with what you have before moving towards perfection is important.

Hang out with people who have a positive mentality. Don't befriend people who believe that success is a product of luck. The Technology/IT/AI sector seems to have plenty of opportunities to be prosperous. It will not be a bad idea to hang out with people who know current and even future trends in the sector.

There is no safe business in this world. Every successful businessman took risks, and they also failed many times. It is more risky not to take risks. It is usually said that the bigger the risk the higher the profit. It is better to try and fail than not to try at all. Failure gives you more experience and helps you not to make the same mistakes.

Let me add diligence, teamwork, persistence, and teachability. To be successful, you need to take your work seriously and work hard. Learn to connect and communicate with business partners and clients. You should build a good personal relationship with people. Even if you fail many times, keep on trying if you are convinced that you are on the right track. Be always willing to learn. Be open to new ideas and don't be too rigid.

 Procrastination: I call this the slow killer of destiny, it has caused setback for many people, there are some life changing opportunities that occurs just once and many have failed to seize it, why? Cause of Procrastination. Well, one of the best ways to tackle it is to set target, implement your goals and work towards actualizing it.

 Wrong circle of friends: Your circle of friends could determine your level of success, there's this advice my dad always use to motivate us, he said a poor person in the circle of five rich people is a potential rich person, and that's cause the person would get informations or help from other friends to elevate him/her. One mustn't only consider rich friends but atleast your circle of friends should be with people who's got the mindset of acquiring wealth and are working towards achieving it.

 Fear of failure: The fear of failure has caused setback to many people, once someone kill there fears and go into a business, investment or project with the mind-set of success such person is bound to succeed so far they're working hard enough but once fear is entertained it could cause the person to easily give up on actualising their dreams.

 Fear of risk taking: Taking risk could be harmful if not calculated but not taking risk is even worst cause their are many opportunities involved in taking risks, a good percentage of successful people today are risk takers, so I believe the journey to success still requires taking risks.

 I believe there's lots more, but these are the ones I could think of however you could add more if you know any cause I believe these informations could serve as a motivations to some people who would come across this thread.