Becoming wealthy requires the right mindset to succeed without it the person will not have the zeal and passion to push through the hurdles to success. Nobody knows it all so it's also important to have wealthy role models that will inspire you to succeed, you can follow their wealth history as a guide to understanding their own peculiar journey to success. There are rules to follow if you must become and remain wealthy, for a start you must learn to live bellow your income. Rich people spend from the surplus that they have while the rest spends their entire capital and remain poor.
I must admit that beyond having the right mindset to succeed, you need to be in the right place at the right time otherwise your mindset will not materialize into wealth creation. When You're in an environment that doesn't accommodate your growth, it'll be very difficult for you to breakthrough, you must find a way to leave that comfort zone. Time and chance matters if you must breakthrough, be prepared mentally with the right skills and tools (it could be money) then grab the opportunity to make a difference when it's time.
Topic: You Can’t Earn Beyond Your Level of Understanding - page 4. (Read 767 times)
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
There is something i would want to clear here before going further, look getting prosper or becoming wealthy doesn't come from the level of our understanding and connections, but what matters is that how painful you seems to have hate being poor or staying without having the necessary things to make life sweet and simple for you, when you have this at back of your mind you would never sleep 10 hours per day without being upset of yourself and lifestyle.Now let dive down..
Attitudes + Knowledge + Skill + Luck is what gives us success towards everything we do, that is why when any of this is missing in a man or in people who are succeeded you would see that it will be hard for them to maintain and sustain it for long time. But anyone who has this in them would find it hard to get back to their previous stage instead would growing exponentially.
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.
However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.
You have to ask yourself "Why do I want to become rich?" There are several possible answers:
1.To live a comfortable lifestyle and to consume luxurious goods and services. This is called consumerist imperative.
2.To attract high quality women and create a great family(or to just have a good time having multiple girlfriends
). This is called biological imperative and it's linked to the consumerist imperative.3.You want to have some money put aside for a rainy day, when things get worse.
4.You want to brag about your financial success and enjoy a higher social status.
5.You want to fill a certain emotional void. I'm not a psychologist and I don't want to get deeper into this topic.
Those are the factors that drive our greed and the desire to become rich. Most of us can't escape those factors, some people can. They are called monks.
Different principles worked for different men. Naturally, some people are just lucky, or I can say that they are often privileged to have good opportunities at all times. These opportunities make them explore. I remember I read the story of one rich man who said that he was already rich even at the age of fifteen, but then he had no very good knowledge of how to grow the wealth or preserve it. It was in the later year that he developed his knowledge to create more wealth. So, people are different, and the opportunities they get are also different.
Building wealth from scratch requires a lot of effort, knowledge, luck, hard work, passion, determination, mindset, etc. It doesn't just require your mindset to build wealth from scratch. You might have the mindset to be rich, but it might not come as quickly as you desire. At that point, passion and determination will keep you guided.
I guess everyone of us here set a goal to be rich, but the problem is, not all of us have given equal opportunities to achieve that goal. While some may struggle to get rich in the process, some are just privileged enough that they can easily get rich even without putting a lot of hardwork and efforts, connections is the key. Accept it or not, it’s not the mindset or the attitude of an individual that will set him to get rich, but having good connections is the trend. And rich people have more connections than the poor ones, that’s why when poor individuals aim to get rich, it may took a lot of years before he will achieve that goal. Building wealth from scratch requires a lot of effort, knowledge, luck, hard work, passion, determination, mindset, etc. It doesn't just require your mindset to build wealth from scratch. You might have the mindset to be rich, but it might not come as quickly as you desire. At that point, passion and determination will keep you guided.
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
That is why "knowledge is power". It's true that people that haven't experienced greatness and success in any trade that they do, they think that people that reaches to their peak of success is just a bunch of luck. But little did they know that those successful people went through a lot and they have studied their ways to success and how they're going to do that. It's not only about hard work but working smart with investments and the trade and path that they've chosen to take.
However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.
And this is the reason why I am avoiding to debt. The system is designed for that and everyone is being directed that it's normal and okay to get into debt. But the rich ones are doing it slightly differently, they are also into debt but they're using it to leverage their assets and maximize the usage of that money because as what your title says, they have the understanding on how to go with the flow of the system and how to use it into their advantage. hero member
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Different principles worked for different men. Naturally, some people are just lucky, or I can say that they are often privileged to have good opportunities at all times. These opportunities make them explore. I remember I read the story of one rich man who said that he was already rich even at the age of fifteen, but then he had no very good knowledge of how to grow the wealth or preserve it. It was in the later year that he developed his knowledge to create more wealth. So, people are different, and the opportunities they get are also different.
Building wealth from scratch requires a lot of effort, knowledge, luck, hard work, passion, determination, mindset, etc. It doesn't just require your mindset to build wealth from scratch. You might have the mindset to be rich, but it might not come as quickly as you desire. At that point, passion and determination will keep you guided.
Building wealth from scratch requires a lot of effort, knowledge, luck, hard work, passion, determination, mindset, etc. It doesn't just require your mindset to build wealth from scratch. You might have the mindset to be rich, but it might not come as quickly as you desire. At that point, passion and determination will keep you guided.
Without understanding how investments work, you’re likely to lose money in the market.
It's more than that, many people are scared of volatility, but they didn't scared to see their money lose over time.People think investing in time deposits, bonds and gold can make their money grow, but actually they still lose their money even though not as high as savings.
Quote
However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.
That's why dumb phones is rising.99% people wake up always check their phone first, read shitty macro problem, dramas, politics, luxury lifestyle etc that will not bring any effect to us. Then they will spend their time to chit chat with friends or partners instead of learn a new thing.
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.
However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.
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