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Topic: Wealth without a business - page 3. (Read 322 times)

legendary
Activity: 1498
Merit: 1116
Top-tier crypto casino and sportsbook
January 30, 2025, 06:00:54 PM
#6
         However for the case of people earning salaries, do you think there is a way they can be really rich without owning a business and or is it compulsory for one to be own his own business
It is still very possible for a salary earner to invest some from the salary they earn. It will require a lot more sacrifice because unlike being a business owner that can have access to money and no fixed earning, a salary owner having a fixed salary will need to cut some other expenses to have enough for investment unless the job is very well paying which is not much as well.

A salary earner will also need to be very strategic and careful with what they invest in, so not to waste their salary years on something that has no or very little ROI.
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
January 30, 2025, 04:39:06 PM
#5
Although in the end being a businessman is a good thing but sometimes saying it will be easier if compared to doing it and of course with the mechanism of the world today we must realize that not all will become a businessman so no matter how hard they want to become a businessman but when they do not have any talent in a business then they will only waste time and spend the capital they have.

True, everything needs a process and something must be sacrificed but back again there is such a thing as talent and until now I don't believe in the words as long as we try then we will eventually succeed because for me it is just a word of encouragement so that we eventually try again and again but on the other hand this does not teach us to a self-awareness that we must also be aware of the qualifications we have because when we do not have qualifications in a business no matter how hard we try and no matter how much capital we have everything will still run out in the end.


The mechanism of how to work in today's life there are those who become businessmen and of course there are those who become workers with monthly or weekly salaries and the nature will be more workers than businessmen but that does not mean they will not be able to succeed because even if they are workers and get monthly results but when they utilize and are good at managing it then success will still be obtained.
hero member
Activity: 2856
Merit: 667
January 30, 2025, 03:59:09 PM
#4
There are only two ways to get rich, one is acquiring some inherent assets from your wealthy parents, and the other one is building a business or investment that will create massive returns.

However, if you work on several jobs and receive high compensation from each job, maybe that will help you to become financially stable in the long run. But if we mean to say getting rich in the end, for me that will only be possible if you have bigger investments and huge businesses that will definitely give you passive income.
member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
January 30, 2025, 12:44:40 PM
#3
It's pretty simple for you to get a good income "you must be a producer and not just a consumer" I believe this rule is what must people who are entrepreneurs live by, hence must salary earners at some point after accumulating enough savings they result into owning a business but perhaps it's not compulsory to own a business.

Some people who owned business still remain poor so it's not a guarantee that you will be successful (what you call "rich"). If one earns a good or significant amount of money and do not want to own a business investing in others business could still make you a very good return, perhaps being a shareholder is quite a good way to earn as much as the entrepreneurs.
legendary
Activity: 1106
Merit: 1337
Lightning network is good with small amount of BTC
January 30, 2025, 08:22:16 AM
#2
However for the case of people earning salaries, do you think there is a way they can be really rich without owning a business and or is it compulsory for one to be own his own business
Some people are collecting salary but in a way that they still have enough to safe after spending on basic needs and necessities. There are many of them that save and later open a business. But this can not be for those that have low income which may not be enough for saving up to what they can use to establish a business. Not everyone will be able to. But regardless of what someone is doing, having a business is very good and it can be very helpful

Everything in life have hierarchy. There are some people that their salary is very huge. But I think they will also later prefer to have businesses.
newbie
Activity: 11
Merit: 1
January 30, 2025, 07:54:39 AM
#1
I think One of the reason why people remain poor even while earning a decent amount of money from their businesses is the fact that they see money as a spending means and not investing....
         When building a business, it requires some level sacrifice and discomfort, after there have been significant growth l, money can be spent for expanding the business. At this point, it is not  referred to as spending but as investing, because the changes and expansion will bring in more profits.
         However for the case of people earning salaries, do you think there is a way they can be really rich without owning a business and or is it compulsory for one to be own his own business
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