Of course, mindset and knowledge count, but one has to be conscious about the broader perspective that encompasses all these systemic issues. Thousands of people are struggling with financial problems beyond their control, such as increased living costs and all that insecurity about economics. Recent economic news underlines the fact that all these could be major barriers toward building wealth, no matter how savvy anyone is.
Also, I do agree that making good investments is super important, but it’s not the only thing that matters for financial success. Stuff like inflation and changes in the job market can really affect your personal wealth. So, yeah, having a growth mindset is great, but you also gotta think about these bigger economic things that can shape your financial results.
Topic: You Can’t Earn Beyond Your Level of Understanding (Read 751 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.
That's not correct to say. Getting rich comes down to luck and the proof of that is, if you bought Bitcoins years ago and held them till this day, you'll be a millionaire. Doesn't this require luck? Yes, because no one knew that Bitcoin would reach 70K from a few cents and dollars.You also need connections because that's how you do business and step up in society. I started UI/UX design, couldn't get employed for months unless one day I meat a very famous company owner through my friend. I met him, talked to him about my UI/UX skills, showed him my works, he got interested in and I landed a job. After that, I got many clients, thanks to that one day that changed my life.
Bitcoin also changed my life and it was because of luck, I got lucky to get introduced to Bitcoin.
Working hard is also a must-have. You have to work hard on smart things, not physically hard in construction.
Jumping into a business without knowing the risks and challenges often leads to failure.
I've seen stupid but rich people who got rich because they didn't analyze the risks and challenges of the business. This is also part of luck. 
It all comes back to the desire to do it or not because if we have the desire to make money from Bitcoin investment or Bitcoin trading of course we will try to learn it.
So the point is everyone has the same opportunity in everything to gain knowledge depending on the level of belief and willingness to try to learn it.
And personally I think everyone's level of understanding is the same, it all depends on yourself in the learning process, and it must be admitted that not everyone wants to learn something.
So the point is everyone has the same opportunity in everything to gain knowledge depending on the level of belief and willingness to try to learn it.
And personally I think everyone's level of understanding is the same, it all depends on yourself in the learning process, and it must be admitted that not everyone wants to learn something.
The opportunity to learn can indeed be considered the same, but the beliefs and desires of each person cannot be considered the same because from these two sides it can give birth to different thoughts about what has been learned by each person because everyone also sees the risk when they already know something through their learning. However, if we look at the core point where everyone who always wants to gain profit in their life, whether through investment or through trading, of course everyone must have the desire to learn diligently and the desire to continue trying without giving up for any reason.
And in conditions like this, I think investors and traders who already have a lot of experience and also have more capital that can still be used by themselves, of course they will direct most of it to Bitcoin because Bitcoin is experiencing a decline which in general can continue to be utilized through purchases. But people who are not sure about the next price increase in Bitcoin will definitely not dare to take such a stance because they still tend to panic with market conditions that often change like now.
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.
In everything, knowledge is the power. There is no way you will be successful when you don't know how such things work, and that is the same thing with this space. Whether trading or investing is all about knowledge, knowing how it works is very important. As for luck, there are some people who are always getting lucky when they want to do something; they get the privilege of getting a job or anything they want. But mostly it is knowledge that is the main thing in what we do.
Many years ago, when I was a worker at a company, I heard about the history of my company. Our chairman of the board is an uneducated man, and comes from the underworld, but he rose through his own courage and daring as well as through connections. Meanwhile, all employees such as general directors, executive directors and below of the company have master's, university, college degrees...So is it true to say that people without high education, without degrees, will never have the opportunity to earn more money than people with high education?
As I said, there is no single formula or path that leads us to wealth, there are thousands, millions of ways to help us become successful and rich. Just because we haven't experienced it, seen it, or are incapable of doing it, doesn't mean others will be like us.
As you wrote, it's a matter of several years ago, so the answer to your question is already present in your question. Earning money and living life was not as difficult as it has become today. In the past, there was no such competition, and even a few years ago, there was no such inflation as there is today. As time passes, competition is getting tougher and tougher, so no one can deny the importance of education.As I said, there is no single formula or path that leads us to wealth, there are thousands, millions of ways to help us become successful and rich. Just because we haven't experienced it, seen it, or are incapable of doing it, doesn't mean others will be like us.
I'm not saying that those who don't have an education can't do anything; hard work is something that doesn't let you go hungry, but education is like the light of the eyes. If you have an education, you can easily get everything that an illiterate person might get after years of hard work.
Education gives us awareness and confidence. If someone is very lucky, they can achieve such success with the support of people and hard work, which even educated people might not be able to achieve. Many times, it depends on luck, but 90% of the reality is that the importance and usefulness of education are very high, and in today's era, being educated is very necessary.
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.
The reality is that most people do not even understand after trying to learn, it's clear that the world population is not that high on IQ, we have a lot more stupid people than smart people, and while I do agree that you do not have to be genius to be able to trade, you can't be stupid neither, you have to understand certain concepts and many people don't.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.
I am not saying this to bash other people, I am not a great trader myself, even after this many years I am still not making a bank, normally if I had the capacity to be a great trader, by this time I should be living off just trading income, a lot of smart people do, I am not. So this isn't about "other" people, I am talking about us, me included, sometimes it just doesn't apply to certain people and we can't expect great results, so we settle for decent.
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.
The point now when it comes to competition to stay in a stable economic status is to learn, learn and continue to learn to breed the investment world and opportunities in understanding modern technology. Because when you are able to surf in the midst of digital economic competition, the opportunity to get more places is very high. Don't be too happy to be in your comfort zone, move and continue to grow because we are all competing.
According to your topic which says, you can't earn beyond your level of understanding. To me I will say their are different measures of earning for everyone but the area you would face a problem as a person with low understanding is when you lavish what you have.
A foolish man can earn more than a wise man but a wise man would be more successful than the foolish because of the knowledge and understanding they have and it also depends on luck, lucks differs.
A person can earn more than his understanding but won't be successful and another thing to be considered here should be what you are earning from like you have said, in investment, online business I take for an instance forest trading it only takes understanding to be able to earn here this place there is nothing like luck for the foolish if a low understanding person ventures into this there is no escape root as in luck.
So In everything it depends on what you are into.
A foolish man can earn more than a wise man but a wise man would be more successful than the foolish because of the knowledge and understanding they have and it also depends on luck, lucks differs.
A person can earn more than his understanding but won't be successful and another thing to be considered here should be what you are earning from like you have said, in investment, online business I take for an instance forest trading it only takes understanding to be able to earn here this place there is nothing like luck for the foolish if a low understanding person ventures into this there is no escape root as in luck.
So In everything it depends on what you are into.
A person's income is not measured by how high their education is, but how persistent they are in trying, people who are persistent and never give up will get results commensurate with their struggle, many people are smart in education but they are picky in work, but people who are low education will take all the work as long as they can make money, that way they will continue to learn about how to make more money, and they always try continuously until they reach the point where they want, in terms of education alone it cannot measure like other people that is being persistent in fighting for success, in the world of commerce what is important is being persistent in trying, never giving up, failing, trying again, falling and getting up again, that is the key to success for someone who is active in trying.
This is so true, I have seen a lot of practical examples of this in my life where people with very high education and knowledge are working for small wages while those with less education but smart mindsets and quick thinking abilities are running businesses and companies. The reason is the struggle they do and the amount of dedication they put in each work that they get into.Many people wouldn't take their jobs or businesses seriously, many lose their jobs or businesses because they are overconfident. It's good to be confident when you are doing well, but a person needs to stay low all the time, evaluate every situation and see what's happening around no matter how high of a place you have reached.
So it's all about the mindset of a person, in my opinion.
This is unfortunately true in the capitalistic system we're currently living in. We're constantly being presented with new goods and services that we "need," portraying them as a must-have, nudging us to purchase more and more stuff we ultimately don't need. It creates a vicious cycle of unsatisfaction and excessive spending, as these items satisfy us for a brief amount of time, which then leads us to purchase newer stuff to saturate our appetite.
To be fair we do not "need" them, but by logic we can just go find some very cheap land in middle of nowhere, build a cabin, eat simple food from farmers, nothing big, just simple bread and wine and meat all day everyday, with some butter and cheese and eggs and chicken to go with that, and just keep doing that until we die, we won't "need" anything else, maybe some fruits I suppose, and some other food for vitamins. To be fair, the new medical ways are better than old ways in the sense that it could save someone that they used to can't save, which makes more sense, so we would use modern hospitals, but aside from that you could live like it's 15th century and won't have much issues.The "need" is the need, and if you need it then you need it. Sure you don't need the latest iphone, but you also don't "need" any phone at all, write a letter and send it if you want, but we don't, we use phones. Life isn't about what we need, it's about how we want to live.
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.
You know that what is seen is what is sold. As you know it is the age of social media. Everything is viewed and searched on mobile so people mostly run ads and its major disadvantage is that along with the good things, there are fake ones as well. Things are also run mostly that have no reality or benefit, and when people see that something is being promoted a lot, they tend to go for it, that's why the scam has grown so much that people can't believe even the good stuff.Where modern facilities and inventions have advantages, they also have disadvantages. The biggest disadvantage of social media is that you can promote fake things here and until you buy those things or do not research, there will be no idea that it is not true or beneficial.
Therefore, it is wise to do good research before doing any work, when you are satisfied that it is really beneficial, then you should do that work and if you start any business, then it is true. Unless you are well versed in it, you will lose more than the deal. Trading is exactly the same. It can do more harm than good if it's not learned well before it's done.
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Richness is not about chance or working harder than the next man. It is about It's about thinking critical and smartly. You have to see every investment as though it is trying to con you. Jump in blind? Yes, you will burn assured. Choose investments, then know them both inside and outside. Expanding your wealth is about knowing more than about spending more. Wealth is not instantaneous; it takes time and it requires more than just want to be wealthy. Though that's a loser's game, everyone wants quick satisfaction. The real secret is... Analyse closely every financial choice you make. It's about becoming smarter rather than about working more. This goes beyond your bank account; it's about developing a financial strength
You are right and that is the reason why we must research before we decide so we can do the right thing to achieve our goals. When we want to do investment, we will research for the information furthermore to find how the investment works. We will make sure that we can get more information and if we see the investment is not right or not makes sense, we will leave it because we don't want to risks our money. When we can learn many things about the right way to achieve our goals, getting rich, we will see what we need to do to go that way so we can adjust ourselves with what it needs. While we learn about many things, we can improve ourselves to have better knowledge that can help us to gain the benefit so we can achieve our goals. So we must know what we want to do before we choose. 
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.
what I have noticed in any business currently is that when you don't understand the investment method you will not be able to make profit from it, so therefore you have to verify the investment first to know the procedures of the investment before you invest in it, so I know that cryptocurrency investment is the investment people were lamenting, any of the new investment what you will consider most for the investment is the risk that is attached to it,that's the reason people always make a consultation for any of the investment before they go into it, I want to let people know that to be rich is through your investment plan because if you don't have investment plan you will not become successful. 
Thinking getting rich with luck, connection, or working harder is easy but the action will not be easy as you need to use all of your ability to earn more and more money. Investment is another ways to make money but you must know everything before you decide to pick one or two type of the investment. Without learning about the investment, you will get the wrong investment type that will makes you lose your money. If you want to rich, you must search for the ways that will help you to earn more money and once you can earn money, you can works smart and harder than other people. But you must realizes that getting rich needs time because no instant way to rich. When you can open your minds about the new ways to make money, you will see that you have more options to earn money but many times we are lazy to do one things for some time. We want to get rich in a short time and that is normal but you must realizes that you need to work and something that can help you get rich.
Richness is not about chance or working harder than the next man. It is about It's about thinking critical and smartly. You have to see every investment as though it is trying to con you. Jump in blind? Yes, you will burn assured. Choose investments, then know them both inside and outside. Expanding your wealth is about knowing more than about spending more. Wealth is not instantaneous; it takes time and it requires more than just want to be wealthy. Though that's a loser's game, everyone wants quick satisfaction. The real secret is... Analyse closely every financial choice you make. It's about becoming smarter rather than about working more. This goes beyond your bank account; it's about developing a financial strength 
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.
Well said here because the intellectual development of every individual is dependent on their mindset towards positivity because no one goes beyond their knowledge that's why people hires others to solve some problems for them but however, one can really earn beyond their level of knowledge or understanding but all they need is to have a literal knowledge and understanding of what they don't know then they can seek people who are professionals in that field and they solve the problems while the proceeds belongs to you and you can settle the people that did the job for you but the only problem is when you hire dubious and selfish people to perform a task for you, they can undue you and you lose your money. However, it will be good to employ people that can teach you how to exploit something you have no idea of than to tell them to do it when you don't have complete knowledge of how the system works.
In business, it is better to do background checks to know the possible risks involved in the kind of business you want to venture into so that it can enable you to proffer means to handle such risks if peradventure it surfaces in the future.
legendary
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Today, Intellectual properties thrive in the tech world, and the idea of physical properties is getting sidelined by the billions of dollars software generate. Two months ago, I saw a video on Instagram where “Pavel Durov” the CEO of telegram mentioned he doesn’t own any physical property.
If we look at the development of various platforms and technologies today, of course this is natural and not surprising because now everyone can also become rich without having any physical wealth as long as he is able to keep all his wealth in the form of software. People like Pavel Durov are very smart people and he certainly knows that now everything will be easier to maintain when his wealth is not in physical form, although people who have physical wealth also don't need to worry as long as all of it can still be properly maintained by themselves. 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.
It's common and considering it just doesn't happen exclusively in crypto. In job market, it also happens especially in freelance. In freelance, you gotta risk the volatility of the clients that you're going to encounter especially when you're doing projects that are just for the short-term.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.
To be fair, gold is not all that bad but if you're considering stuffs that isn't regulated.... well we're here already doing it. Maybe just not rely on one thing on earning, whether it'd be a job or investment.
hero member
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Not many users have highlighted the importance of connections so far. I've had acquaintances and friends from university who were completely incapable of unzipping a winrar file, however, they managed to land decent jobs due to their connections, something which seems and is unfair if you're busting your ass off to find a proper workplace.
We have seen many unfair things around us but we can not jealous about that because we don't have something like that. What we can only do is just keep learning what we want so we can improves ourselves without rely on other people. We can succeed from what we do without related to other connection from other people because we can work smart and hard than other people and we have luck that can help us to success. We must remember that every human will have the same chance so we can do many things that we can to change our life better. We can't give up before we success because we make sure that we can achieve the success with what we do. Achieving success is just a matter of time and only comes to those who wants to gives their will to do the best thing that they can do. 
This is true in capitalist countries, businesses exist to provide products and services that people will yearn to have and use, in the end, people are working for what they want and not what their basic needs.
People after acquiring a new phone model are looking for the next model to acquire, take the case of the iPhone it has become the status symbol of people living in capitalist countries.
They are out of focus on what they need to sustain their basic needs so they remain slaves to the working environment they are used to, instead of setting up their business to have financial freedom.
This is unfortunately true in the capitalistic system we're currently living in. We're constantly being presented with new goods and services that we "need," portraying them as a must-have, nudging us to purchase more and more stuff we ultimately don't need. It creates a vicious cycle of unsatisfaction and excessive spending, as these items satisfy us for a brief amount of time, which then leads us to purchase newer stuff to saturate our appetite.People after acquiring a new phone model are looking for the next model to acquire, take the case of the iPhone it has become the status symbol of people living in capitalist countries.
They are out of focus on what they need to sustain their basic needs so they remain slaves to the working environment they are used to, instead of setting up their business to have financial freedom.
Thinking getting rich with luck, connection, or working harder is easy but the action will not be easy as you need to use all of your ability to earn more and more money. Investment is another ways to make money but you must know everything before you decide to pick one or two type of the investment.
Not many users have highlighted the importance of connections so far. I've had acquaintances and friends from university who were completely incapable of unzipping a winrar file, however, they managed to land decent jobs due to their connections, something which seems and is unfair if you're busting your ass off to find a proper workplace.
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.
Becoming rich is beyond from my own perspective is not just all about luck or connection. Success can be achieved when you get the right information or being in the right place at the right time. Making judiciously use of the information given to you by working smart and having the focus to see the end of what you are doing. To succeed you must skillful work hard to unlock the potential in you through persistence. Also surrendering yourself with people that can be of help to you when you need them, not having a thousand of friends that cant help you or advise you when you need their help. 
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.
This is true in capitalist countries, businesses exist to provide products and services that people will yearn to have and use, in the end, people are working for what they want and not what their basic needs.
People after acquiring a new phone model are looking for the next model to acquire, take the case of the iPhone it has become the status symbol of people living in capitalist countries.
They are out of focus on what they need to sustain their basic needs so they remain slaves to the working environment they are used to, instead of setting up their business to have financial freedom.
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.
Today, Intellectual properties thrive in the tech world, and the idea of physical properties is getting sidelined by the billions of dollars software generate. Two months ago, I saw a video on Instagram where “Pavel Durov” the CEO of telegram mentioned he doesn’t own any physical property.
Information is indeed power. What most people need to actually earn more and become rich is the right information. Information about business opportunities, investment opportunities, employment opportunities, skill acquisition opportunity, intellectual opportunities etc. A person who does not strive hard to get exposed to the right information will be limiting himself and his level of understanding too. His focus will only be on the little things he already knows and not the big picture outside he knows nothing about.
We should not be surprised to know that there are still people who have never heard of bitcoin and it's ability to give them that wealth they've been wishing for, for years. Just a few seconds of comprehending the knowledge about Bitcoin can change their mentality and perception about lots of old ideas they've been holding on to for years.
Right indeed. Where there are logical information available, the best opportunities are also there. So it's really essential to be rightly informed by all means, because that will pave way only positive results and discard those negative ones. Also, what you don't have will not make you achieve something, but if you have all the right information needed, there's less chances that you will be misled but will mostly get straight to your target. We should not be surprised to know that there are still people who have never heard of bitcoin and it's ability to give them that wealth they've been wishing for, for years. Just a few seconds of comprehending the knowledge about Bitcoin can change their mentality and perception about lots of old ideas they've been holding on to for years.
Many years ago, when I was a worker at a company, I heard about the history of my company. Our chairman of the board is an uneducated man, and comes from the underworld, but he rose through his own courage and daring as well as through connections. Meanwhile, all employees such as general directors, executive directors and below of the company have master's, university, college degrees...So is it true to say that people without high education, without degrees, will never have the opportunity to earn more money than people with high education?
As I said, there is no single formula or path that leads us to wealth, there are thousands, millions of ways to help us become successful and rich. Just because we haven't experienced it, seen it, or are incapable of doing it, doesn't mean others will be like us.
A person's income is not measured by how high their education is, but how persistent they are in trying, people who are persistent and never give up will get results commensurate with their struggle, many people are smart in education but they are picky in work, but people who are low education will take all the work as long as they can make money, that way they will continue to learn about how to make more money, and they always try continuously until they reach the point where they want, in terms of education alone it cannot measure like other people that is being persistent in fighting for success, in the world of commerce what is important is being persistent in trying, never giving up, failing, trying again, falling and getting up again, that is the key to success for someone who is active in trying. As I said, there is no single formula or path that leads us to wealth, there are thousands, millions of ways to help us become successful and rich. Just because we haven't experienced it, seen it, or are incapable of doing it, doesn't mean others will be like us.
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Thinking getting rich with luck, connection, or working harder is easy but the action will not be easy as you need to use all of your ability to earn more and more money. Investment is another ways to make money but you must know everything before you decide to pick one or two type of the investment. Without learning about the investment, you will get the wrong investment type that will makes you lose your money. If you want to rich, you must search for the ways that will help you to earn more money and once you can earn money, you can works smart and harder than other people. But you must realizes that getting rich needs time because no instant way to rich. When you can open your minds about the new ways to make money, you will see that you have more options to earn money but many times we are lazy to do one things for some time. We want to get rich in a short time and that is normal but you must realizes that you need to work and something that can help you get rich.
It is naive to think that only people with knowledge, education and degrees can make a lot of money and the rest cannot. In theory yes, but in reality, our world doesn't work that way. If we have knowledge but no courage, do not dare to take risks, then do not blame fate that we are not luckier than others. While those who know they are not good but still dare to take risks, step out of their comfort zone and dare to make trade-offs, the results will be completely different.
Not to mention, wealth sometimes comes from relationships, luck...this is not new and there have been many such cases. In short, wealth comes to us in many different ways, there is no single path or formula when it comes to wealth.
But in life, we cannot wait for luck to come to us because there is no guarantee. So instead, try to improve our knowledge, work hard, try to step out of our comfort zone...seek wealth and wealth will come to us.
Many years ago, when I was a worker at a company, I heard about the history of my company. Our chairman of the board is an uneducated man, and comes from the underworld, but he rose through his own courage and daring as well as through connections. Meanwhile, all employees such as general directors, executive directors and below of the company have master's, university, college degrees...So is it true to say that people without high education, without degrees, will never have the opportunity to earn more money than people with high education?
As I said, there is no single formula or path that leads us to wealth, there are thousands, millions of ways to help us become successful and rich. Just because we haven't experienced it, seen it, or are incapable of doing it, doesn't mean others will be like us.
Everyone certainly needs every information in any case because without having information of course it will make it difficult for them to develop for the better and to be able to obtain this information of course we must have a wide relationship so that we can easily receive information from various things and if someone limits themselves to obtaining information of course they will find it difficult to accept new things and also it will be difficult to develop themselves for the better.
In my opinion, currently everyone knows about Bitcoin, but only a few people who want to know can take advantage of the potential of Bitcoin, but for some people who do not want to learn it, of course they will not be able to benefit from Bitcoin and it is true as you said if they want to take the time to learn it, of course they will try to have it and invest the funds they have.
It all comes back to the desire to do it or not because if we have the desire to make money from Bitcoin investment or Bitcoin trading of course we will try to learn it.In my opinion, currently everyone knows about Bitcoin, but only a few people who want to know can take advantage of the potential of Bitcoin, but for some people who do not want to learn it, of course they will not be able to benefit from Bitcoin and it is true as you said if they want to take the time to learn it, of course they will try to have it and invest the funds they have.
So the point is everyone has the same opportunity in everything to gain knowledge depending on the level of belief and willingness to try to learn it.
And personally I think everyone's level of understanding is the same, it all depends on yourself in the learning process, and it must be admitted that not everyone wants to learn something.
Information is indeed power. What most people need to actually earn more and become rich is the right information. Information about business opportunities, investment opportunities, employment opportunities, skill acquisition opportunity, intellectual opportunities etc. A person who does not strive hard to get exposed to the right information will be limiting himself and his level of understanding too. His focus will only be on the little things he already knows and not the big picture outside he knows nothing about.
We should not be surprised to know that there are still people who have never heard of bitcoin and it's ability to give them that wealth they've been wishing for, for years. Just a few seconds of comprehending the knowledge about Bitcoin can change their mentality and perception about lots of old ideas they've been holding on to for years.
Everyone certainly needs every information in any case because without having information of course it will make it difficult for them to develop for the better and to be able to obtain this information of course we must have a wide relationship so that we can easily receive information from various things and if someone limits themselves to obtaining information of course they will find it difficult to accept new things and also it will be difficult to develop themselves for the better.We should not be surprised to know that there are still people who have never heard of bitcoin and it's ability to give them that wealth they've been wishing for, for years. Just a few seconds of comprehending the knowledge about Bitcoin can change their mentality and perception about lots of old ideas they've been holding on to for years.
In my opinion, currently everyone knows about Bitcoin, but only a few people who want to know can take advantage of the potential of Bitcoin, but for some people who do not want to learn it, of course they will not be able to benefit from Bitcoin and it is true as you said if they want to take the time to learn it, of course they will try to have it and invest the funds they have.
Without deeper knowledge about investment and business, it will be very difficult to achieve wealth and success. Because without it, it will be quite easy for someone to sneak in loss and financial trap. And besides that, living in a system that encourages someone to consume and compare it with the lives of others. This could have turned out the focus of the person on long -term goals. Therefore, it is important to stay aware and disciplined so as not to get caught up in the unnecessary expenditure and debt cycles.
And by developing a strong on the way the market, business and investment work, which is not only about the lounge but also about building a solid foundation for long -term growth. When someone is able to create even able to see an opportunity that is not seen by others, then that person has a significant advantage in achieving financial goals.
And by developing a strong on the way the market, business and investment work, which is not only about the lounge but also about building a solid foundation for long -term growth. When someone is able to create even able to see an opportunity that is not seen by others, then that person has a significant advantage in achieving financial goals.
That's a known fact. Getting rich is easier than keeping it. I am not saying getting there itself easy but some people get there pretty fast because they are lucky. Sometimes their grandma dies and they inherit lots of money and then they bet all on intc right before its earnings and boom 30% of that inheritance goes out of the window just like that.
People often dream about the great stuff they would do if they were rich. Most of the time they dream about getting poor again but they don't know that.
People often dream about the great stuff they would do if they were rich. Most of the time they dream about getting poor again but they don't know that.
True that, I have known people who get lucky to be able to inherit millions of dollar but after some years they are back to square one. It is much harder to maintain wealth than getting it since there is a lucky aspect of gaining wealth while maintaining it requires skills and knowledge which is hard to come by for a person who just got lucky and become wealthy.
We also see several scenarios like that in the gambling industry where a person hits a jackpot or wins a lottery but later end up worst than before they get that winnings.
On the argument about earning beyond the level of understanding of people, true that even those who lacks knowledge but understand that if he goes with his financial literate friend's strategy, he will gain much wealth than him doing his venture alone.
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Everyone has the opportunities to gain brightness in the future, it depends on us to take advantage of the opportunities itself by looking and thinking carefully, I am sure with the interests and skills that you have, it is easy to go through it all, although the opportunities for wealth that we get there are challenges that we will encounter.
Some people are surrounded by different good opportunity in life but not everyone has such opportunity and the mistake that some people have made was that they allowed all the good opportunity they had to slip away, while those that only had a small opportunity have become so successful. That's why I said before that success relys on so many factors. Its not about having a bright future or being surrounded by many opportunities, it's about being able to adequately utilize those opportunity.
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.
The environment can also be a barrier of making dreams come true. Some people have done everything that on normal it suppose to brings value in one's life but the environment is a serious factor whereby there is no opportunity to grab which can lead to financial uplifting. Environmental factors is a serious issue that hinder the dreams of people to come through, that is why people needs to be observant and have understanding, if the environment is not bringing opportunities that can lead to betterment, the best thing is to change environment.
That's a known fact. Getting rich is easier than keeping it. I am not saying getting there itself easy but some people get there pretty fast because they are lucky. Sometimes their grandma dies and they inherit lots of money and then they bet all on intc right before its earnings and boom 30% of that inheritance goes out of the window just like that.
People often dream about the great stuff they would do if they were rich. Most of the time they dream about getting poor again but they don't know that.
People often dream about the great stuff they would do if they were rich. Most of the time they dream about getting poor again but they don't know that.
Maybe this is true, maybe not, but most people that I know were never rich and probably never will, so getting rich is not that easy. If keeping it is harder than getting it, it's already hard as fuck and can only get harder
I wish I was rich and able to test this theory.That brings us to another problem - relativity. I think I'm not rich, but I realize that to some of my neighbors and friends I am because, for instance, I drive a new car. It's nothing expensive, but it's new, so for some people who drive 10 year old cards, I might look like a rich guy. What is being rich really? Should we look at people close to us, or maybe globally, but what's the point of comparing yourself to someone in a country where average wage is 3 times higher than yours?
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.
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.
From the above things you mentioned, it is very difficult for anyone to succeed in life and business without having them unless that person succeeded through inherited wealth because that is the easiest way some people become rich without having experience in business or good skill but at the long run some people still become broke after inheriting properties as a result of lack of knowledge to channel the resources to produce more sources of income.
Adding the right application to the things will mention will definitely help anyone to become successful not forgetting to add discipline and financial management as it helps to sustain the wealth of any wealthy people on earth.
So anyone who missed all this would definitely waste those resources immediately after the rightful owner might have joined their ancestors. That is why lots of inherited wealth has been sink down without maintaining them for long run.
Yes you are right, the people who inherited wealth will be trained to know how to continue to run the family business before their parents will leave the family business in their hands even in some cases where the child to inherit the wealth of the family is not grown they normally put the business in the hands of someone else who will teach the child when the parents is no longer available until the child become of age and understand the business very well.
A lot of inherited wealth has been destroyed as a result of poor management, lack of knowledge and discipline it takes someone with good skills in a particular business to be able to run it effectively.
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.
This is a good way to frame it and quite accurate in the real world of work. Life is and always has been a struggle, but educating yourself in as many avenues as possible can help you get ahead. Many kids think it is useless, however it's only when you are older you realize how paying attention at school and absorbing all that knowledge can get you ahead in life. If you can learn anything after that point, you should definitely try to read as many financial books as possible and Warren Buffett gives some tremendous advice in all of his annual general meetings. We are very much taught to live in a consumerist world and it's those people that learn to ignore it who will do the best in life.
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.
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.
From the above things you mentioned, it is very difficult for anyone to succeed in life and business without having them unless that person succeeded through inherited wealth because that is the easiest way some people become rich without having experience in business or good skill but at the long run some people still become broke after inheriting properties as a result of lack of knowledge to channel the resources to produce more sources of income.
Adding the right application to the things will mention will definitely help anyone to become successful not forgetting to add discipline and financial management as it helps to sustain the wealth of any wealthy people on earth.
So anyone who missed all this would definitely waste those resources immediately after the rightful owner might have joined their ancestors. That is why lots of inherited wealth has been sink down without maintaining them for long run.
It is naive to think that only people with knowledge, education and degrees can make a lot of money and the rest cannot. In theory yes, but in reality, our world doesn't work that way. If we have knowledge but no courage, do not dare to take risks, then do not blame fate that we are not luckier than others. While those who know they are not good but still dare to take risks, step out of their comfort zone and dare to make trade-offs, the results will be completely different.
Not to mention, wealth sometimes comes from relationships, luck...this is not new and there have been many such cases. In short, wealth comes to us in many different ways, there is no single path or formula when it comes to wealth.
But in life, we cannot wait for luck to come to us because there is no guarantee. So instead, try to improve our knowledge, work hard, try to step out of our comfort zone...seek wealth and wealth will come to us.
The difference is that, billionaires could come out of anywhere, you could be a drop out, you could be smart, you could be educated, you could be anything if you just want to be a billionaire, because there are so many things involved about that. But if you just want to have a normal job, and want to live a comfortable life, as in like have a house, wife, two kids, a car, maybe even two, and send them to decent schools until college, that all comes down to a great education.Not to mention, wealth sometimes comes from relationships, luck...this is not new and there have been many such cases. In short, wealth comes to us in many different ways, there is no single path or formula when it comes to wealth.
But in life, we cannot wait for luck to come to us because there is no guarantee. So instead, try to improve our knowledge, work hard, try to step out of our comfort zone...seek wealth and wealth will come to us.
Harvard guys may not end up being billionaires all the time, but they sure can afford a house sometime during their life, and cars too. This is what we are talking about when we say education, you need to have education to be at that level, it helps at least.
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.
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.
From the above things you mentioned, it is very difficult for anyone to succeed in life and business without having them unless that person succeeded through inherited wealth because that is the easiest way some people become rich without having experience in business or good skill but at the long run some people still become broke after inheriting properties as a result of lack of knowledge to channel the resources to produce more sources of income.
Adding the right application to the things will mention will definitely help anyone to become successful not forgetting to add discipline and financial management as it helps to sustain the wealth of any wealthy people on earth.
Information is indeed power. What most people need to actually earn more and become rich is the right information. Information about business opportunities, investment opportunities, employment opportunities, skill acquisition opportunity, intellectual opportunities etc. A person who does not strive hard to get exposed to the right information will be limiting himself and his level of understanding too. His focus will only be on the little things he already knows and not the big picture outside he knows nothing about.
We should not be surprised to know that there are still people who have never heard of bitcoin and it's ability to give them that wealth they've been wishing for, for years. Just a few seconds of comprehending the knowledge about Bitcoin can change their mentality and perception about lots of old ideas they've been holding on to for years.
We should not be surprised to know that there are still people who have never heard of bitcoin and it's ability to give them that wealth they've been wishing for, for years. Just a few seconds of comprehending the knowledge about Bitcoin can change their mentality and perception about lots of old ideas they've been holding on to for years.
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.
Putting it first means mindset and then action. I might agree because action comes from a rational mindset. Rational action is also based on good knowledge. Take how investing works, for example. The chances of losing are more certain if it’s not based on action that starts with a mindset and that’s part of the risk and the risk is real, like choosing the wrong type of investment. 
I understand you quite well and there's no way you venture into anything without first learning it, the issue will definitely arise otherwise. But it could be beyond this scope at times, most of the people who are successful in some fields have little or no knowledge about the field, that is smartness. What they do is engage those who are good at that field and pay them for their knowledge. The person may resolve to managing those who understand the business while they do the major field work almost completely. The good part is attributed to the initial visions and it will drive it to the end. However, if the person in question is to handle the work all by himself, of course, there is no other route, he must learn the work and the level of understanding will go a long way in driving the business into success.
Not everyone masters all fields so that in running a business we still need help from others to be able to develop the business, but it is indeed necessary for a businessman to master at least before giving or employing others.I think we can learn anything we are going to do, so there is no problem for that if we study it seriously.
And about what we do to increase income / get money I still believe in the level of our desire to achieve it, if someone is serious then nothing is impossible for him to get.
That's why dumb phones is rising.
That's witty! Now I know why you use an old phone there in your pic because they are also dumb compared to the phones now, that is why they are called as smart phones but it can as well make us dumb if we will use it the wrong way or became a slave to it.No social medias, no brainrot contents, no porn, no endless scrolling, no games etc, you will be forced to work and be active, you will use your phone only for message or call important thing.
We're human who need social interaction, but sadly the technology make us become individualist.
I understand you quite well and there's no way you venture into anything without first learning it, the issue will definitely arise otherwise. But it could be beyond this scope at times, most of the people who are successful in some fields have little or no knowledge about the field, that is smartness. What they do is engage those who are good at that field and pay them for their knowledge. The person may resolve to managing those who understand the business while they do the major field work almost completely. The good part is attributed to the initial visions and it will drive it to the end. However, if the person in question is to handle the work all by himself, of course, there is no other route, he must learn the work and the level of understanding will go a long way in driving the business into success.
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 indeed availed some interesting information about building wealth and investing. Of course, passion and communication may work, hard work may work, but mindset and the understanding of how money and business work are usually the real players. Understanding financial principles, managing your risk, and seizing opportunities are at the heart through which informed decisions are made and common pitfalls avoided. Your view is equally candid about the social compulsions of capitalism: frequent recourse to resources and credit results in discontent and a deviation from long-term goals. The stress on innovation or novelty-from advertising to social media-makes it easy, he adds, to focus on what really matters, and you have acquired lasting wealth. Matching these pressures, which are better recognized in economics and finance, can reduce their impact and allow better thought-out and more effective monetary policies.
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.
Economy situations are always subjective either by individual or by countries. There are people that with their s.all level of understanding, they have became someone. This doesn't applied in many people. I know some that bought Tesla shares around 2019, this is a guy that was clueless about stock market and had some money to put into investment and after some little research, he pour in some money and the guys was lucky he did.
However, me that claimed to know about Tesla couldn't even make money on investment the way he did with Tesla because I wasn't expecting such quick growth from the company despite knowing them as a bad ass, the company is now worth tillinons of dollars by valuation and this dude was lucky to be among the people that made it through while I'm here kissing my Bitcoin. Not bad but I'm dis-validating your subject.
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.
That's a known fact. Getting rich is easier than keeping it. I am not saying getting there itself easy but some people get there pretty fast because they are lucky. Sometimes their grandma dies and they inherit lots of money and then they bet all on intc right before its earnings and boom 30% of that inheritance goes out of the window just like that.
People often dream about the great stuff they would do if they were rich. Most of the time they dream about getting poor again but they don't know that.
People often dream about the great stuff they would do if they were rich. Most of the time they dream about getting poor again but they don't know that.
It is naive to think that only people with knowledge, education and degrees can make a lot of money and the rest cannot. In theory yes, but in reality, our world doesn't work that way. If we have knowledge but no courage, do not dare to take risks, then do not blame fate that we are not luckier than others. While those who know they are not good but still dare to take risks, step out of their comfort zone and dare to make trade-offs, the results will be completely different.
Not to mention, wealth sometimes comes from relationships, luck...this is not new and there have been many such cases. In short, wealth comes to us in many different ways, there is no single path or formula when it comes to wealth.
But in life, we cannot wait for luck to come to us because there is no guarantee. So instead, try to improve our knowledge, work hard, try to step out of our comfort zone...seek wealth and wealth will come to us.
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.
What is more than what he said? And what you said there is actually the ones that he was talking about. Though those people got a point or I mean they are right that we should not be scared especially about the volatility because it is actually the ones that can help us to make money. It is when there is a drop in price we can buy low and then sell high once it moves upwards again.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.
You cannot compare saving with investing because in investing, we are not totally a loser as long as we don't sell but in saving, we can be a permanent loser due to inflation.
That's why dumb phones is rising.
That's witty! Now I know why you use an old phone there in your pic because they are also dumb compared to the phones now, that is why they are called as smart phones but it can as well make us dumb if we will use it the wrong way or became a slave to it. 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 know, when I first saw the topic of the thread, I said to myself " but there are people who are really smart but still don't earn" and this is true. But reading through the posts and comments, I see it talked about spotting opportunities, the right mindset, avoiding societal traps, etcetera, and how all these could be linked to one's financial understanding. That's true, but I won't directly connect one's ability to earn to their understanding, what I can directly connect ones ability to earn to is their courage and the bravery to take a step despite the risk. I've seen people who are literal illiterates and still earn. They hire people who are smart enough to do the hard maths for them and they do their stuff.
All these factors individually, learning about investments, getting a skill, identifying opportunities, and so on, are all useless if you can't take action. So, I'd rather say " you can't earn beyond your level of courage/ability to face risks".
Not to mention, wealth sometimes comes from relationships, luck...this is not new and there have been many such cases. In short, wealth comes to us in many different ways, there is no single path or formula when it comes to wealth.
But in life, we cannot wait for luck to come to us because there is no guarantee. So instead, try to improve our knowledge, work hard, try to step out of our comfort zone...seek wealth and wealth will come to us.
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 know, when I first saw the topic of the thread, I said to myself " but there are people who are really smart but still don't earn" and this is true. But reading through the posts and comments, I see it talked about spotting opportunities, the right mindset, avoiding societal traps, etcetera, and how all these could be linked to one's financial understanding. That's true, but I won't directly connect one's ability to earn to their understanding, what I can directly connect ones ability to earn to is their courage and the bravery to take a step despite the risk. I've seen people who are literal illiterates and still earn. They hire people who are smart enough to do the hard maths for them and they do their stuff.
All these factors individually, learning about investments, getting a skill, identifying opportunities, and so on, are all useless if you can't take action. So, I'd rather say " you can't earn beyond your level of courage/ability to face risks".
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Naturally lol. Incompetence will naturally discovered overtime so even if you somehow manage to get lucky and hit something big once, it's only going to be replicable. At least not until you actually understand how you even hit in the first place. Pretty sure it's easy to find examples amongst people who invested in meme coins and got lucky, proceeded to invest in meme coins again, and just lost everything. And as for the way society is pushing us, it's just businesses capitalizing in human greed. It can be greed for attention, money, whatever really. It isn't even anything bad imo, it drives progress after all. Just that as always, too much of something will always be wrong.
It is also courage, and I mean it. A lot of people can see chances, a lot of opportunities, but they do not have the courage to do the work, and be wrong. I have a friend who is very smart, and I mean like he is seriously capable of building anything he sees just once online, he is a great dev wizard, and he just likes to collect his paycheck and work 9-5 at some dead end job that he dislikes because he prefers that over uncertainty. If he decided to quit one day, he could build the greatest crypto project, because he can add any feature you want in it, and yet he won't do it because he thinks he will fail.
Of course he is not wrong, he could lose, he could fail, he needs huge marketing budget too, and he needs to get people hyped, all of which is very hard. But in the end, he could do something else too, non-crypto related, but he never takes that chance, he just keeps his job and does whatever he needs to do without taking any risks at all.
Of course he is not wrong, he could lose, he could fail, he needs huge marketing budget too, and he needs to get people hyped, all of which is very hard. But in the end, he could do something else too, non-crypto related, but he never takes that chance, he just keeps his job and does whatever he needs to do without taking any risks at all.
some are just privileged enough that they can easily get rich even without putting a lot of hardwork and efforts, connections is the key.
but having good connections is the trend.
That's why I said that some persons have more readily good available opportunities than others and when these opportunities are utilized effectively, it can make the person archive their desired goal qucickly compare to others. Like I earlier stated most of the factors that contribute to building wealth, having good connection is also a good factor.
Everyone has the opportunities to gain brightness in the future, it depends on us to take advantage of the opportunities itself by looking and thinking carefully, I am sure with the interests and skills that you have, it is easy to go through it all, although the opportunities for wealth that we get there are challenges that we will encounter.
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.
Some religious people spend so much time thinking that divinity will make them successful. They put in more effort in religious rituals and zero effort in other economic activities. I believe in God, but the orientation that I like is based on only divine Providence, and luck is the highway to failure. Mindset is usually a product of the information we take in. If you don't get the right information, you will always make mistakes. These days, quality materials can be easily accessed through ICT. One doesn't need to go to a conventional school to be skilful in an area; ebooks, videos, and audio are enough to equip you.
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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.
Self-control and budgeting are necessary in this present world. If you cannot control how you spend your income, you will never be free from the rat race. I don't change my car or belongings because a new version has been developed. I replace them to get more value or when they are faulty. If you don't cut costs in this inflation-ridden economy, you might be deeply in debt. 
I agree that mindset is an important part of success, particularly in investment and business. Knowing how the market operates and understanding the risks will make one never be a failure, without this keenly following people are bound to fail. However, I do agree with your point on how the capitalist system (currently) is designed to promote consumption plus debt which makes us vulnerable to bad financial decisions.
While mindset is crucial, the pull created by the external environment in making us want to spend more cannot be sidelined. It does get tough to stay committed and discipined with such social and economic pressures. that ahve been mounted on us. However, knowledge and awareness can certainly help us fight these systems pushing us the other way by unlocking our wealth potential.
While mindset is crucial, the pull created by the external environment in making us want to spend more cannot be sidelined. It does get tough to stay committed and discipined with such social and economic pressures. that ahve been mounted on us. However, knowledge and awareness can certainly help us fight these systems pushing us the other way by unlocking our wealth potential.
hero member
Activity: 770
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Leading Crypto Sports Betting & Casino Platform
some are just privileged enough that they can easily get rich even without putting a lot of hardwork and efforts, connections is the key.
but having good connections is the trend.
That's why I said that some persons have more readily good available opportunities than others and when these opportunities are utilized effectively, it can make the person archive their desired goal qucickly compare to others. Like I earlier stated most of the factors that contribute to building wealth, having good connection is also a good factor.
Which is why upskilling, no matter the field you're in, is important.
You're only as good as your best work (obviously) and with the current trend of things being that you need to work hard, even harder than before and even more than your boomer grandpa, to even be compensated fairly, the constant need to be better is prevalent now more than ever. Even more evident in the crypto scene, where creators, investors, and even traders who are defined as good at what they do are the only ones who reliably earn money, while the rest of us end up as exit liquidity in some cases. Not saying we should perpetuate this kind of set up cause that's bullshit, but also not saying we should just blame them for everything and relinquish all forms of accountability in replacement of spite.
Let's be more skillful, more smart, more hungry to learn and earn. I think that's all there really is to earning and being wealthy, those with the drive to do it, bag it, those who don't, end up as freeloading sons of mfers.
You're only as good as your best work (obviously) and with the current trend of things being that you need to work hard, even harder than before and even more than your boomer grandpa, to even be compensated fairly, the constant need to be better is prevalent now more than ever. Even more evident in the crypto scene, where creators, investors, and even traders who are defined as good at what they do are the only ones who reliably earn money, while the rest of us end up as exit liquidity in some cases. Not saying we should perpetuate this kind of set up cause that's bullshit, but also not saying we should just blame them for everything and relinquish all forms of accountability in replacement of spite.
Let's be more skillful, more smart, more hungry to learn and earn. I think that's all there really is to earning and being wealthy, those with the drive to do it, bag it, those who don't, end up as freeloading sons of mfers.
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.
In terms of becoming reach some certain elements could also make someone to become reach such as connection which in other words considered as luck but most importantly hard work, though understanding is very crucial because is like the ingredient that makes someone to have a focus or direction because anybody who go into a business without really understanding the kind of business that would be very suitable for them to manage tend to fail so actually before starting up a business there are so many things that should be considered or put in place such as identifying the consumer needs on that area you wish to startup the business and packaging it in such a way that it will attract customers. However in regards to social media I don't believe it has any influence on us in terms of affecting our focus on something unless the person does not no what they want. 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.
Understanding is the whole damned ladder to financial independence; it is not a step. You want to build wealth? You really must get your hands filthy. Markets, businesses - understand how they work, or you're just gambling
It's about insight not about time. Not only should you ask "how much?" Ask "why?" and "how?" Go deep and challenge everyone. This is about developing a mindset as much as about money. Knowledge above rapid profits. That's the main
Driven by uncertainty and need, we are always pursuing new things. It's a trap; a never-ending circle. We spend, not because we need to, but because we're told to. Consider it: Are you merely feeding the machine or are you really purchasing something you need?
This is reality, not some philosophical trash. Know the powers influencing your financial life; else, you will be controlled. That is basic
It's about insight not about time. Not only should you ask "how much?" Ask "why?" and "how?" Go deep and challenge everyone. This is about developing a mindset as much as about money. Knowledge above rapid profits. That's the main
Driven by uncertainty and need, we are always pursuing new things. It's a trap; a never-ending circle. We spend, not because we need to, but because we're told to. Consider it: Are you merely feeding the machine or are you really purchasing something you need?
This is reality, not some philosophical trash. Know the powers influencing your financial life; else, you will be controlled. That is basic
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.
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.
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
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
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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