Things to avoid if you want to be rich. - page 9.

Egii Nna

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Quote from: Princess Leah on August 09, 2024, 02:15:27 AM

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 have more interest in these two because they work together. Many people who have these two fears in life will find it very hard to prosper. You will most likely be a victim of failure whether you take the risk or not, so what is the essence of fear? So all I know is that if people can remove this fear of failure, they will find it very simple for them to take a risk because if you have no fear of failing, then why will you have the fear of taking a risk when you know well that taking risks is a 50/50 scheme. Although there are some risks that you will have a higher chance of succeeding, it is a simple explanation that if you can remove that fear, then you will actually be ready to chase the bag.

I can even say that these are the two main things that will delay your change of getting rich because, with these two fears, there is no chance of success, so I will also say that those of you that have these fears should avoid them; it is very important.

Distinctin

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Quote from: 348Judah on August 10, 2024, 10:07:33 AM

If you want to be rich, then avoid women, if you already have the money, then you must avoid wasting it on pleasures, investment money is not what we should use and squanders the way we want, so many people were the cause of their condition in which they are into because they could not manage well what has been in their disposal as effectively, that is why if such people eventually have the opportunity of establishing a business or mange one for others, they will definitely fail along the line.

Life isn't all about pleasure and having fun. Although there are times you have to reward yourself, but if you are still on the road to success, don't waste the opportunity to finally get there and give your whole focus and attention just to reap what you have invested.

Invest while you can and seize all the opportunities while you are still able to, all those pleasures and luxuries in life can wait but investment opportunities shouldn't be missed.

iBaba

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Quote from: 348Judah on August 10, 2024, 10:07:33 AM

If you want to be rich, then avoid women, if you already have the money, then you must avoid wasting it on pleasures, investment money is not what we should use and squanders the way we want, so many people were the cause of their condition in which they are into because they could not manage well what has been in their disposal as effectively, that is why if such people eventually have the opportunity of establishing a business or mange one for others, they will definitely fail along the line.

One should also know to cut down his extravagant lifestyle. I won't say one should avoid women completely, as a matter of fact, if you have a supportive lady, you need to draw her closer because she may help you in making right decisions as a partner to share ideas with. What I will advise one to avoid is following women unnecessarily. Don't make it a habit to carry women around and spend unnecessarily on them.

Avoid living a fake life and invest more than you spend if possible. If you have the means, try to invest any penny you make, don't ignore little investments in the name of not having enough money to invest. As little as possible, try to put some money into some trades that will materialise and avoid spending all you make because you will need the money tomorrow.

franky1

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avoid:
decisions that are not planned out, whereby you have not concluded several possible outcomes to the decision

avoid:
basing decision purely on heart/emotion.

avoid:
taking advice and going along with it without doing due diligence

avoid:
investing into anything you have not researched or have no knowledge about

avoid:
signing anything you have not fully read all details and conditions of

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Quote from: MissNonFall9 on August 10, 2024, 12:44:45 PM

At first I would like to say that it is better for a man to prioritize achieving success than being rich. Because if it is successful it is possible to acquire both the person's personality and money. Now I can say that all the things that should be avoided for success are beautifully presented by your statement. Besides this I want to add one thing and that is to form a person's personality. When a man prioritizes his personality and strives hard to achieve it he has to follow all the things you have highlighted in the thread. So build personality and succeed, this principle is the best way to become rich.

That's right bro, the most important thing in achieving success is forming our own personality, when our personality has been formed then we can easily achieve it, because then our life has led to where we can seek profits and avoid losses, because it all depends on a person's personality to achieve it.

Then avoid ourselves from things that are not good for our lives so that we can safely live our daily lives to find work and be able to generate sufficient income, and clear our minds so that we can digest well so that we can process reach the point we want, the point we become a successful person, successful in terms of wealth and successful in terms of our career and life.

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Quote from: Princess Leah on August 09, 2024, 02:15:27 AM

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.

At first I would like to say that it is better for a man to prioritize achieving success than being rich. Because if it is successful it is possible to acquire both the person's personality and money. Now I can say that all the things that should be avoided for success are beautifully presented by your statement. Besides this I want to add one thing and that is to form a person's personality. When a man prioritizes his personality and strives hard to achieve it he has to follow all the things you have highlighted in the thread. So build personality and succeed, this principle is the best way to become rich.

348Judah

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If you want to be rich, then avoid women, if you already have the money, then you must avoid wasting it on pleasures, investment money is not what we should use and squanders the way we want, so many people were the cause of their condition in which they are into because they could not manage well what has been in their disposal as effectively, that is why if such people eventually have the opportunity of establishing a business or mange one for others, they will definitely fail along the line.

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Quote from: Silberman on August 09, 2024, 11:57:16 AM

Our resources not only include things we all understand like money, but it also includes intangible things like our time, youth and health, as very often I see people that are wasting all three at the same time-grey-

It is an important point in life but unfortunately most people seem to not care about the three and prefer to work hard to earn a lot of money. This is what I learned from some of my mentors. They said that discipline, exercise, avoiding dating and night parties are the way to success and wealth. There will be a difference between those who are successful in their economy and those who are successful in their lives. In your 20s it is important to have the skill of building networks and relationships. Because it will form a chain that will bind your success. And don't forget exercise because a good mentality will be formed from a healthy body.

CK485

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Quote from: Princess Leah on August 09, 2024, 02:15:27 AM

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.

with the waste of resources it is difficult to realize the desired wealth, it seems that we have to start with ourselves, changing our behavior into a way to learn habits and ways of thinking, because we have to stop wasting money on certain things that are considered useless, by thinking carefully before buying something, which is considered more useful, and some are missed, by delaying work or important decisions can hinder progress and achievement of the expected goals.

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Quote from: Princess Leah on August 09, 2024, 02:15:27 AM

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.

I do agree about having a wrong circle of friends. If you're in a circle of friends that just want to party all night and go out every Friday and Saturday nights then you're missing the whole thing of how important it is to have your own nights and do your things for your growth. Although it doesn't mean that you'd be already one of them when you're part of it, the influence that they'd give you is going to be big. There are people who despite having this kind of circles of friends, are successfully enduring them but it is within the person. But most likely, if you are the type of person that can easily be pressured and influenced by your peers, your chance of being successful is decreasing if the influence is bad and opposite from what you need to be rich or financially free.

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So anyway, I applied as a merit source :)

Identify your needs - One of the reasons people buy expensive items is because they look good or smell good. But maybe they dont need it or they can do with a lower cost product, hence it is important to identify that and eliminate those things in life that can be avoided.

Leading a simple lifestyle - Goes with the previous one, excessive drinking, eating out badly affects your health, increasing the cost burden. Avoid them and consume healthy stuff made at home. This is often not possible for many, but should be sought after.

These are things that can be added to the list, its pretty generic but useful.

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Quote from: Princess Leah on August 09, 2024, 02:15:27 AM

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.

Procrastination is the worst thing that should never be mentioned in the life of a man because to me I see Procrastinating as being stagnant and not going forward. The attitude of Procrastination has killed many dreams and opportunities, as humans one of the mistake we make we think things can be achieved whenever one is ready to go for it. Some people do have fear to start up something but they still have the courage to start even with the fear in them to fail but at the end surprisingly it ends very well but Procrastination no step is taking atl, no achievement and no result.

The bad thing about Procrastination is that time wasted is gone forever which you can't turn the hands of the clock and the opportunities that were available at the initial time may not be the same now.
In life their is time for everything and it is good when people are able to do things at the right time, when people do things at the right time without Procrastination it helps people in achieving alot in life. Humans are just being deceives by their thought that they can always get what they want when they are ready for it, and this is just Procrastination and their might not be opportunity to grab things because of one thing or the other.

Princess Leah

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Quote from: BigBos on August 09, 2024, 09:57:43 PM

Although taking risks is not recommended, there are times when we do have to take risks, but of course there must be other considerations that are made as well, so it's not just taking risks in the hope that a miracle will happen. Of course, taking risks requires considerations, even though the situation is urgent, but don't let there be no considerations. I agree with what you said, taking advantage of the opportunities in front of you is one of the things that must be done.

and when you have succeeded in getting a stable profit or income, what must be considered is money management, one of which is paying attention to expenses that are not too important. many people have problems with their finances and I think that's because they don't consider and pay attention to their expenses properly, and that must be fixed to be even better.

I get your point, anyone who has dreams of getting wealthy shouldn't be scared of taking risk, but not just taking risk fir the sake of it but calculated risk. There's no business, investment or anything people do to make money that doesn't involve or won't involve at some point, you'll need calculated risks to get to the peak or manage a business.

Yes, money management is very important, cause for instance if a business person or investor or even someone trying to own their own business doesn't have the discipline to spend wisely and avoid unnecessary debt then they're not very far from financial issues.

Zoomic

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Sometimes, what works for the next person might not actually work for the other person. Some persons might actually apply all these rules stated above just to get rich and the riches still won't get to them. Anyone who desires to be rich should just be smart, a smart mind should know what to do and what not to do at the right time.

Some persons are just too lucky to gather wealth easily while others have to work so hard for it. There is no set standard or rule anywhere that can guarantee 100% that one would get rich if they abide by those rules. It is left for the individual to be smart enough to recognise opportunities and be dedicated to fitting into those opportunities.

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Quote from: rhodelmabanal on August 10, 2024, 01:14:43 AM

Successful people always take risk and always gamble to a new opportunity so for me the number one things to avoid is the fear, i think we don't need to be afraid of getting some new opportunity new life style new ways etc., being afraid always kills ambition or maybe dreams, we need to always try even if we sometimes fall we need to stand again and have a new start with new hope for good.

What you see is someone who took success and became rich but what you don't know is there are remaining 99% people failed in the same process despite doing everything same and that's what the reality so taking risk doesn't mean we will become successful but how long we can able to repeat and never give up attitude decides our fate. For that we need financial background and that's what most people lacks so once or twice they failed they just go back into their shell and remain in their forever.

eightdots

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Quote from: Dr.Osh on August 10, 2024, 12:07:09 AM

Well, what I feel most about this is the environment and choice of friends. Many of my friends prefer to work in a government or private agency, and quite a few of them are competing for that. When I suggested making a business, they were not enthusiastic at all, and as a result, almost all of us felt the same lack of enthusiasm.
Therefore, I try to choose friends who are struggling to create their own business, or their own business with minimal capital. Even though progress is slow, it is already starting to be seen. In fact, some of them already earn more than their friends who work for a company. However, if we want to have a lot of money, then we need to build a business.

If we want to achieve our goals, our environment and friends need to accept these desires. If we are not talking about a goal that we can achieve alone, it may be possible to achieve our goals with the support and good direction of our environment and friends. Therefore, the choice of environment and friends may be more important than all the details. Finding people with whom you can progress towards the same goals is priceless.

Since taking risks has become increasingly difficult today, it can be difficult to convince people to start a business. I can understand those who are not convinced because having a fixed income can be seen as a better choice than risking your capital. As a result, people who take risks and are successful can earn more income.

rhodelmabanal

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Successful people always take risk and always gamble to a new opportunity so for me the number one things to avoid is the fear, i think we don't need to be afraid of getting some new opportunity new life style new ways etc., being afraid always kills ambition or maybe dreams, we need to always try even if we sometimes fall we need to stand again and have a new start with new hope for good.

Dr.Osh

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Well, what I feel most about this is the environment and choice of friends. Many of my friends prefer to work in a government or private agency, and quite a few of them are competing for that. When I suggested making a business, they were not enthusiastic at all, and as a result, almost all of us felt the same lack of enthusiasm.
Therefore, I try to choose friends who are struggling to create their own business, or their own business with minimal capital. Even though progress is slow, it is already starting to be seen. In fact, some of them already earn more than their friends who work for a company. However, if we want to have a lot of money, then we need to build a business.

BigBos

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Quote from: Maslate on August 09, 2024, 06:51:31 PM

Quote from: Plaguedeath on August 09, 2024, 03:14:20 AM

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.

Being rich doesn't mean you have to work hard, but it's more on you have to work smartly so you can take advantage every opportunity that comes in front of you. While taking risk is the first thing to do, however learn to take things at your own risk. Know your limits and your potentials so you won't keep beating around the bush but go straight to the point where your goal is.

Although taking risks is not recommended, there are times when we do have to take risks, but of course there must be other considerations that are made as well, so it's not just taking risks in the hope that a miracle will happen. Of course, taking risks requires considerations, even though the situation is urgent, but don't let there be no considerations. I agree with what you said, taking advantage of the opportunities in front of you is one of the things that must be done.

and when you have succeeded in getting a stable profit or income, what must be considered is money management, one of which is paying attention to expenses that are not too important. many people have problems with their finances and I think that's because they don't consider and pay attention to their expenses properly, and that must be fixed to be even better.

Maslate

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Quote from: Plaguedeath on August 09, 2024, 03:14:20 AM

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.

Being rich doesn't mean you have to work hard, but it's more on you have to work smartly so you can take advantage every opportunity that comes in front of you. While taking risk is the first thing to do, however learn to take things at your own risk. Know your limits and your potentials so you won't keep beating around the bush but go straight to the point where your goal is.

Topic: Things to avoid if you want to be rich. - page 9. (Read 2291 times)