Topic: Wealth without a business (Read 246 times)

If a person wants to improve his financial situation by only depending on the job, it is never possible. If a person wants to improve financially, he must depend on a business. And to do a business, first a person has to provide money. Although providing that money will not be easy. But if someone provides that money, then he can definitely see a good time at some point. Establishing a business is not easy. But if someone can do that work, then he will definitely benefited.

To do business, money is definitely needed. It is not possible to establish a business without money. Again, there is no way to say that anyone can be established only if they have money. Because many people lose money by investing in the wrong place. But the main thing is that if someone wants to own more wealth in a short time, he must be involved in business.

Clearly, he has some high standards for poverty, I can only wonder what would be his criteria for becoming rich . Maybe a couple of million will make you rise above the poverty line.
IMO OP is either delusional (I am using this more and more nowadays) or posting just for the sake of posting.   

No matter how huge you think the money you have is as long as you spend continuously it's going to be a minus not an addition. There are people that are currently broke but there once had millions in their possession. If your money doesn't create another means for you to make more money then you are doing the wrong thing. And one mistake a lot of people make is that they fix all their attention on forex and crypto, instead of this to become addition to them this makes them go entirely bankrupt. It's much better to have a physical business you are running and also work on doing other businesses before you can start thinking of doing online investments. Business is key.

Business is high risk, so you need to do other high risk thing if you not want to have a business. Investing in cryptocurrency is one of the solution, it's high risk. It can change your life if you playing shitcoins, or you can choose steady grow by investing in Bitcoin, your wealth will grow, but it takes times.

The key is pick the high risk thing that you've familiar and mastered. One day, it will paid off.

Bitcoin has given salary earners the opportunity to invest without stress or running from pillar to post. Since you are a salary earner, after taking care of your monthly expenses, the left over money can be use to invest in bitcoin whenever you get paid and continue your accumulation with DCA overtime. I bet you that at your retirement, you will be proud of how much you have saved in bitcoin. Allow your money to work for you.

Salary is more than just a salary;  there are levels to this salary thing. Someone earning $2,000 per month cannot be compared to someone earning $20,000 per month. The lower earner might struggle to keep up with basic necessities with their salary, but the higher earner can have other options to do investments. While it's not compulsory that you do investments, it's necessary, advisable, and wise. Because when you retire from earning your salary, what do you fall back to? It's the money you've saved from earning your salary or the investments you've made that are now multiplying for you.

And you can make it with a good pay; you just have to find that work that pays you well and gives you time to think straight, have an extra job, or extra investment. Besides not everybody will be an entrepreneur, be a 9-to-5 worker,  o a remote worker. You just have to know what works for you and be smart. And whatever space you choose, work towards being the best. If you will be a salary earner, work towards having a job that pays you high. If you're an entrepreneur, try your best to scale fast and be successful. That's how I see it.

There has been a wave of young boys in my country buying flashy cars mainly Mercedes Benz. Some of them claim to have made money through content creation, while others have invested in cryptocurrencies. One common feature about the majority of them is that they end or selling the car within a few years because they always go broke. I tell people that even if you don't have business acumen, you could simply buy a land or house, Bitcoin or some precious stones like gold or silver. These assets have proven to appreciate regardless of the economic conditions. Instead of wasting money on items that lose value over time, it is better to embrace appreciating assets.

Yes, this is a common problem experienced by most people. And it is not easy because what they think about is how they can survive and that is what they prioritize from the income they get to be able to meet their needs which sometimes in less than a month their money is gone because the income they get from work or others cannot fully meet their needs and this is what makes them have to have another way by looking for additional income or side jobs and the goal is to be able to meet their needs until they can receive their money back and this is a problem experienced by most people and these people will not be able to develop or create a business or other things that can make money from the results of their hard work.

Although there are, maybe the person is a hard worker, does not give up easily and lives a life full of misery because they have a good goal to make money. Because that is the only way they can make a successful business and make money, but most of them also give up easily and return to their previous comfortable state of only making enough money to be able to meet their needs with gratitude.

And what is clear that will make them rich is by investing, because their time is spent working and after getting their salary they can invest in the right place and also profitable for the long term and this is a comfortable way. But if they do their jobs and businesses very well without anyone being harmed from their jobs, businesses and themselves, it can make money and potentially become rich as long as they can live it well overall and stay healthy it is impossible to be you, because most likely they will not be strong and give up especially their health.

Investing does not guarantee that you will end up being rich. There are those who definitely invest and lose their hard-earned money, and until now they haven’t recovered their funds. However, there are also those who invest just a small amount and eventually manage to grow their business, thus creating huge amount of returns that makes them rich and live a more comfortable life.

Now how about those who only rely from their salaries? Yes, they can still make a good fortune and get rich if they  have bigger amount of compensation and are able to manage their finances well. It’s just that they don’t want to complicate things and avoid risks as much as possible. Investing may double or triple our capital, but it also requires a lot of hardwork and sacrifices, and some people just don’t want to risk on it.

To be honest, I have not seen people who receive good salaries, but remain poor. It does not sound quite clear to me. How do they receive good salaries? Does it mean they have good skills and knowledge, but they are still poor? Such people are always in demand, which means it is difficult to call them poor. Here it seems to me that the OP sets the limits; that is, the money that seems big to him is not enough for other people to live. No one has the right to judge and decide how and when to deprive yourself of things necessary for life. Everyone has their own needs. But I agree that if you have an opportunity to invest, you should not miss it, while others save on their needs and health, investing for the sake of future profits; this is not quite right. Sometimes we save on health so that later we do not regret spending money on medicines. We must remember this.

It is not easy to be rich from their salaries reminds that they will have daily needs to fills. They need to allocate their salaries to all of their needs and see how much money they still have. Most people will not have much more money left from their salaries so that is why they search for other jobs to have more money.

However, if they want to have more money, they can create a business that they can running to earn more money. If they can grow their business, that will gives them profit and could use the profit to expand their business.

Maybe that will not compulsory for one to have his own business but he can have investment so he can earn more money in the future. That is when they don't want to create a business so they will have a chance to make money.

Because most people in this generation, what they choose most of the time is being poor. Yes, they say they want to progress or get rich but they don't actually work
to become that way and they don't have the qualities of a rich person.

But if we take steps to advance our lives even if we don't say that we want to get rich but we prioritize action, for sure in the end one day we will see that there
is a gradual change in the state of our lives.

It is true that businesses today do not have to be physical, but a person's physical business can also be registered online in several media and also on several well-known websites so that it will also trigger a greater level of business success. This means that physical businesses can also be developed in various ways and make services wider by utilizing online systems and cooperation with couriers or large expeditions in sending and distributing the goods we sell. So the physical focus must also be there even though there are currently many options for running a business.

You're right, many spend their money just the way they want to because that's all they think of money. It serves as spending power to them and there's nothing wrong with that. But sooner or later, they will realize that they should also grow their money but helping themselves find where they should put their hard earned money to make more money. It's okay to spend but make sure to put some of it in the right place like in business or investments. But do remember that not everyone is for investing and for having a business. If someone just places it on their savings, there is nothing wrong with it because that's the only thing they want to do and want to avoid taking risk.

It really doesn't have to be a physical business... It could be online also... Nowadays, online businesses are as successful as physical businesses

I do not think that salary earners can be rich from just earning salary which could be weekly or monthly depending on the kind of work and country. Like I know, you may not be able to adequately sustain a family by just doing one single line of income, you need to diversify.

The reality of the fact that you can't be rich by earning salary is now in the consciousness of employees and that is why you see many going into other businesses either through them or establishing their wives to be independent from them and in turn support the home with their left over. The challenge for employees now is to build capital for their own businesses.


But about this topic, do you mean physical business? Because I have seen people who are wealthy with physical business, they are either online business markers and traders of all kinds of commodities and physical business for them is just a choice and not mandatory to be wealthy as they are already gaining heavily from online investment both crypto investment.

A business is a way of leading a lot of people to become wealthy because one thing about money is that even when a person is earning more than a million naira in a month or week and he/she refuses to find another alternative for success or income, it is nothing since it is money that they use to make more money, but not all people understand that. That’s why some will be spending without a plan for themselves.

Proverbs prove that opportunity comes but once; it’s better for everyone who has big opportunities to use them in a right and right place so that he/she will not regret it in the future. I don’t know why some will keep spending their money in a wrong place after they know that in life nothing is permanent.

Financial management is a basic thing that business people need to do, every income from the business needs to be divided into two parts, basic needs and expanding or adding capital to the business. Wealth does not just come to certain people, except those who inherit wealth from their parents.

It is very difficult for someone who receives a salary from a company or government agency to become rich without additional income (business). Employees will lose their jobs at some point, but you will be the boss if you have your own business.

I agree with you. Most people have countless opportunity to invest with the amount they get from there previous business, but they chose to enjoy than invest. That's why they said that it's better to suffer at young age and enjoy at old age than enjoy in your youthful age and suffer at old age. There are several criteria about life most people don't understand and they later take responsibility of it when it's too late. We should try to focus on how our old age will be than thinking of our current age. If everyone should think about the future and how it Hodls, I bet they will not make mistake.

Anyone that need to succeed should have to evisearch the end from the beginning. To succeed you need dedication, focus, make decisions and stand by it and this decision includes the ones that will deprive you of some pleasures to be able to succeed. If anyone doesn't have the mind to sacrifice or lay off some attitude you can't succeed. Lets take for example a guy who is a womanizer that spend money on women everytime may not succeed if he doesn't stop such pleasure or reduce such habit. It might look as its not anything until you take a bold step then you will know the difference.

It depends on how much you earn as salary and the level of responsibilities that you have. If you are earning a good salary, and your financial obligations are minimal, there are chances that you will be rich, provided that you have job security. But for you to be considered wealthy you can't do that with salary, because I haven't seen anyone who's considered being wealthy by just earning salary.

Well I will say it's not really compulsory that everyone must own a business, because not everyone has the ability to run a business of their own. Business is a skill, that's why you see some people succeed in business, while others struggles in business and yet fail. Those who succeeds in business have the skills required to run a business. If you don't have that skill to run a business you can't succeed in it, rather you can invest in other people's business in the form of shares. So it's not compulsory for everyone to own his/her business.