Altcoins Talks - Cryptocurrency Forum
Further Discussions => Economics , Sociology & Politics => Topic started by: bitterguy28 on November 22, 2024, 01:58:01 PM
-
rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether
i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
here is the video (https://youtu.be/eHD2D_FTkCY?si=Tfp_VPyBrPrGYesy) if anyone’s interested
-
I am not rich. :D
Millionaires and billionaires are two different rich people, the millionaire status can be achieved by being successful in business or even a certain job like doctor but billionaire status is too big to achieve and only business owners can become one. And billionaires spend money too but we can notice the difference for sure compared to millionaire.
-
rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether
i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
here is the video (https://youtu.be/eHD2D_FTkCY?si=Tfp_VPyBrPrGYesy) if anyone’s interested
I used to experience that get rich quick guy before but due to mismanagement of the said money I end up losing some of it through overspending nonsense things and I regret that and that literally taught me lessons to stay low key, save for emergency funds and invest on something profitable to generate passive income. Most millionaires and billionaires are busy not on a lavish lifestyle but expanding their assets to generate cash flow even when they are sleeping and that is not I am doing before that is why I end up broke.
-
rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether
i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
here is the video (https://youtu.be/eHD2D_FTkCY?si=Tfp_VPyBrPrGYesy) if anyone’s interested
I think there should be a different between the classes of people that you mentioned here because the just get rich people are not actually rich that is why they become broke because even among the rich there are Level's to it we have the rich and the wealthy , so the just get Rich type belongs to the class where out of luck they become rich maybe throw gambling or getting contract so they are taken over by that euphoria and begin to spend recklessly but true wealth is built over time and the probability of a wealthy man with business empires becoming poverty is zero to one . One thing we need to know is that becoming rich is an act and harbit that people cultivate in life that is why the rich is getting Richer while the poor is getting poorer so anyone who gets Rich accidentally will in the same way loose all that money and go back broke as before because he or she is poor inside
-
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
I am currently only rich in spirit and in ideas, not financially rich. My view on money is that it will come as long as I continue to be focused on working hard to make money and I am keeping an open mind towards it. People who work their way to wealth don't often lose it easily after they get it. The person will be extremely meticulous with money and try to make sure that every penny counts so that the threat and danger of becoming poor and broke again is eliminated.
-
rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether
i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
here is the video (https://youtu.be/eHD2D_FTkCY?si=Tfp_VPyBrPrGYesy) if anyone’s interested
When we are to analyze in details the types of rich fellows we have and the sources to their wealth and how they were able to mange such, we are not going to finish it sooner because everyone will have some things to say concerning how they all started to the point of where they are now, all i have today were earned by me, there is no inheritance there, but i still believe with the hope of being a life transforming person, whom many could also benefits from whatever thing i do to be a source of riches on others.
-
I used to experience that get rich quick guy before but due to mismanagement of the said money I end up losing some of it through overspending nonsense things and I regret that and that literally taught me lessons to stay low key, save for emergency funds and invest on something profitable to generate passive income. Most millionaires and billionaires are busy not on a lavish lifestyle but expanding their assets to generate cash flow even when they are sleeping and that is not I am doing before that is why I end up broke.
we all make mistakes and unfortunately for you it was costly and a huge one but the important thing is you have learned and you now know what to do maybe it would have been helpful if we were all financially smart already even before we acquire wealth so we know how to act and use our money well
the world is full of temptations and you probably would feel like you are on top of the world when you have money but soon enough we will be humbled and get taught a lesson
-
I used to experience that get rich quick guy before but due to mismanagement of the said money I end up losing some of it through overspending nonsense things and I regret that and that literally taught me lessons to stay low key, save for emergency funds and invest on something profitable to generate passive income. Most millionaires and billionaires are busy not on a lavish lifestyle but expanding their assets to generate cash flow even when they are sleeping and that is not I am doing before that is why I end up broke.
we all make mistakes and unfortunately for you it was costly and a huge one but the important thing is you have learned and you now know what to do maybe it would have been helpful if we were all financially smart already even before we acquire wealth so we know how to act and use our money well
the world is full of temptations and you probably would feel like you are on top of the world when you have money but soon enough we will be humbled and get taught a lesson
Yeah exactly mate. That lesson really has got me and I will never do it again. That mistake for me is enough and I can't afford to get my effort wasted ever again. We can really differentiate true rich people and those who just got rich from luck. True rich people are just nonchalant but those just got rich spend it in a lavish lifestyle though not all but most of the time.
-
Rich is rich for me that is the real fact. It doesn't matter how you got the money wether it is right or wrong the fact there is that you must have sacrificed, paid a price, strived and even a miracle but rich is rich. Not only unexpected rich people go broke again, but mentality matters alot, you can gather for 10 years but use a minute to lavish them, it all depends on mentality.
-
Rich is rich for me that is the real fact. It doesn't matter how you got the money wether it is right or wrong the fact there is that you must have sacrificed, paid a price, strived and even a miracle but rich is rich. Not only unexpected rich people go broke again, but mentality matters alot, you can gather for 10 years but use a minute to lavish them, it all depends on mentality.
i mean that’s true that it all boils down to mentality but if you are someone who was able to save up money and then make that money grow for 10 years your character is a lot different than those who only got lucky and got rich in almost a snap of their finger
i don’t agree that everyone rich is hardworking many of them are really just lucky and those who really persevered means they are patient and they know how to manage their finances well we all have different personalities and how we grew up, the environment we got used to all affects how we see money and it will be seen in how we also treat money
-
i don’t agree that everyone rich is hardworking many of them are really just lucky and those who really persevered means they are patient and they know how to manage their finances well we all have different personalities and how we grew up, the environment we got used to all affects how we see money and it will be seen in how we also treat money
I have a friend born into a wealthy family, and he's certainly a diligent person. His family definitely knows how to educate their children so they don't become complacent. It's harder to find that in poor families, even though a hard living environment can push people to work harder.
Anyway, I think the categorization you shared is quite limited OP. I know somebody who got rich quickly because of an airdrop and never planned to hunt, but he's not losing money like burning papers. To be fair to the creator it's hard to make categorizations when people's behavior is not predictable. CMIIW.
-
i mean that’s true that it all boils down to mentality but if you are someone who was able to save up money and then make that money grow for 10 years your character is a lot different than those who only got lucky and got rich in almost a snap of their finger
i don’t agree that everyone rich is hardworking many of them are really just lucky and those who really persevered means they are patient and they know how to manage their finances well we all have different personalities and how we grew up, the environment we got used to all affects how we see money and it will be seen in how we also treat money
I think there are three types of rich people the first one would be the lucky one, the second one are those that inherits wealth from family heirloom and the third one are the self made millionaires. And for me that last one can last a lifetime because they knew the struggle, they knew how hard it is to reach that level compared to the other two which most of them if not all will suffer heavy losses because of the fact that they got it all that easy. I could be wrong here but that is what is happening around here in my place
-
Rich is rich for me that is the real fact. It doesn't matter how you got the money wether it is right or wrong the fact there is that you must have sacrificed, paid a price, strived and even a miracle but rich is rich. Not only unexpected rich people go broke again, but mentality matters alot, you can gather for 10 years but use a minute to lavish them, it all depends on mentality.
i mean that’s true that it all boils down to mentality but if you are someone who was able to save up money and then make that money grow for 10 years your character is a lot different than those who only got lucky and got rich in almost a snap of their finger
i don’t agree that everyone rich is hardworking many of them are really just lucky and those who really persevered means they are patient and they know how to manage their finances well we all have different personalities and how we grew up, the environment we got used to all affects how we see money and it will be seen in how we also treat money
I agree that it is how we handle finances because there are rich people who go broke and broke people who go rich because they use their money wisely. Even if you earn a lot, spending carelessly can leave you broke. And even if you don’t earn much, saving and using money wisely can make you rich over time.
-
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
Lol, that felt personal. Current I am in my third bull market and I can't tell you how much money I have blew up in previous bull markets, just bad financial decisions overall.
Edit: correction from "had" to "bad"
-
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
Lol, that felt personal. Current I am in my third bull market and I can't tell you how much money I have blew up in previous bull markets, just bad financial decisions overall.
Edit: correction from "had" to "bad"
sorry to hear that mate!
hopefully that you have learned a lot by now i too have had a few shares of bad financial decisions when you have money you plan everything and want to buy everything and you get overly confident that sooner or later you realize you’ve annihilated all of your money and there’s nothing left of it anymore
when do we learn? hopefully before another wave of success so that we can maintain our money this time
-
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
Lol, that felt personal. Current I am in my third bull market and I can't tell you how much money I have blew up in previous bull markets, just bad financial decisions overall.
Edit: correction from "had" to "bad"
sorry to hear that mate!
hopefully that you have learned a lot by now i too have had a few shares of bad financial decisions when you have money you plan everything and want to buy everything and you get overly confident that sooner or later you realize you’ve annihilated all of your money and there’s nothing left of it anymore
I didn't blew away money by purchasing things; it was more like selling coins early/late, swapping profits into coins which died (should have choosen ETH/BTC/Stables to secure money), keep holding onto coins in vain expectations that they will recover — stuff like that.
-
rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether
i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
here is the video (https://youtu.be/eHD2D_FTkCY?si=Tfp_VPyBrPrGYesy) if anyone’s interested
If you think you're rich, then there is where another mans riches has begun, because we only know about our own personal self without having an idea of what others are up to, some people are rich base of others influence in what they do and they cannot sustain that without the help of these same people, while some are valuable and strong asset on their own because they have the ability to always deliver on what can make them to remain a rich person.
-
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
here is the video (https://youtu.be/eHD2D_FTkCY?si=Tfp_VPyBrPrGYesy) if anyone’s interested
Different type of rich are really existing today and a lot of people may have fall in different category no matter how rich they can be, there’s someone that will definitely be ahead of you. Rich is just a term use for how much money you have that makes you to be sustainable. Going further into what it entails more, we can now see different people claiming to be rich and to another person they’re just another poor person on the earth trying to make a living out of their wealth. Even those that not earned up to a million can be classified as rich if they actually fend for themselves and remain sustainable. Millionaire and billionaire status are not easily achieved, and getting those status require more effort than what a normal rich person will request.
-
I didn't blew away money by purchasing things; it was more like selling coins early/late, swapping profits into coins which died (should have choosen ETH/BTC/Stables to secure money), keep holding onto coins in vain expectations that they will recover — stuff like that.
ah my bad i guess it is a lot more disappointing when you are trying to earn more but losing instead at least you know that you had good intentions it just doesn’t work out for you risky steps sometimes do produce great results but most of the time it’ll just lead you further down
i am assuming you still had your fair shares if profit which is your motivation to keep going and keep trying have you found a better system though? do you think you’ve improved? there should be a different type of rich which is one that is able to bounce back amidst adversity
-
I didn't blew away money by purchasing things; it was more like selling coins early/late, swapping profits into coins which died (should have choosen ETH/BTC/Stables to secure money), keep holding onto coins in vain expectations that they will recover — stuff like that.
ah my bad i guess it is a lot more disappointing when you are trying to earn more but losing instead at least you know that you had good intentions it just doesn’t work out for you risky steps sometimes do produce great results but most of the time it’ll just lead you further down
It was more like greed than risk, I mean you rarely think about risk in bull markets, you think the only way is up.
i am assuming you still had your fair shares if profit which is your motivation to keep going and keep trying have you found a better system though? do you think you’ve improved? there should be a different type of rich which is one that is able to bounce back amidst adversity
I haven't found a better system, it's more like just not repeating past mistakes this time around.
-
I used to experience that get rich quick guy before but due to mismanagement of the said money I end up losing some of it through overspending nonsense things and I regret that and that literally taught me lessons to stay low key, save for emergency funds and invest on something profitable to generate passive income. Most millionaires and billionaires are busy not on a lavish lifestyle but expanding their assets to generate cash flow even when they are sleeping and that is not I am doing before that is why I end up broke.
I empathize with your situation. Although mistakes can be painful, they often occur for a reason. Recognizing and learning from your mistakes is important, as it helps you gain valuable experience and insight.
Admitting your mistakes and being open to correction is essential for growth. It's also important to remember that true wealth isn't just about accumulating money, but also about managing it wisely and saving for the future.
becoming rich quickly might not be a problem for some, the real challenge lies in sustaining wealth over time. Effective financial management and discipline are key to maintaining a steady flow of income and avoiding lavish spending.
-
If you think you're rich, then there is where another mans riches has begun, because we only know about our own personal self without having an idea of what others are up to, some people are rich base of others influence in what they do and they cannot sustain that without the help of these same people, while some are valuable and strong asset on their own because they have the ability to always deliver on what can make them to remain a rich person.
When you consider yourself rich, you are only looking at your own net worth. However, you are not aware of the financial situations of others. It is essential to avoid being overly proud and thinking you are the wealthiest person. Feeling superior because of your wealth is not justified. The truth is, there are many people who have more wealth than you. If you were to learn about their net worth, you would realize that you are not the richest person. In fact, some individuals might even view you as poor in comparison to their own wealth.
This realization should make you humble and make you understand that wealth is relative. What seems like a significant amount of money to you might be insignificant to someone else. Therefore, it is crucial to stay grounded and not let your wealth define your self-worth.
-
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
I am not that rich, neither am I poor. I have a roof over my head, and I am sure I can feed and provide for myself on a three square meal daily without having anyone called for help or ask for favored financially anywhere.
Someone who does what mentioned above by themselves, what category of rich people will they be grouped? However, I group myself to someone who's not rich nor poor. What they have is much okay for them
-
rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether
i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
here is the video (https://youtu.be/eHD2D_FTkCY?si=Tfp_VPyBrPrGYesy) if anyone’s interested
Riches are wealthy people and wealthy people are classified in higher class,lower class and average class,naturally some people are unfortunate to fall in the higher class family,they don't struggle in life they archieve everything archievable,i strongly agree with you.
-
Someone who does what mentioned above by themselves, what category of rich people will they be grouped? However, I group myself to someone who's not rich nor poor. What they have is much okay for them
you are in middle class i am also would be okay with this honestly but the problem with this is in case of emergencies and whatnot it’s a lot difficult to have some money i would group someone in middle class with investments and a lot of savings in the upper middle class category they would be a lot safer and more stable if in case a health emergency happens
-
A lot of income is doing so but it does not mean that you will own a lot of money. Many people you will see a lot of income but there is nothing in the hands, at the end of the job or when the income is closed the loan hill on the head has been seen. If you have a lot of income then your life value will be the same. If your income is low then your life value will be another. This is the standard of life and this life standard you have to keep in the future. Since i am not rich so i don't want to say much about the lifestyle of the rich. To be rich, you have to go through a process for a long time and you will never be rich if you go out of your way.
-
rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether
i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
here is the video (https://youtu.be/eHD2D_FTkCY?si=Tfp_VPyBrPrGYesy) if anyone’s interested
The just got rich is part of my story too. Because when this happens, the money disappear the same way it come, as there was no maturity to financial management and no plans for recurring payments. No business ideas nor investment plans, all because I thought it will just keep coming the way it started. But when it stopped coming, I realized I didn't do the right thing when the money was at hand. I didn't see it as a set back, but rather, I learnt from it.
For me, I'm not rich, cause when those who are rich are called upon, we are looking at those who has acquired millions and billions of dollars. Those possessing hundreds of thousands of dollars are also considered rich.
I view money as something that is needed at it's point of need, not for selfish use or unhealthy lifestyle. I see money as something to be used by/to/for those who needs it. There's a reason of humanity, so if I have a spare change to give to who needs it, then, I'll do so.
-
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
I am not that rich, neither am I poor. I have a roof over my head, and I am sure I can feed and provide for myself on a three square meal daily without having anyone called for help or ask for favored financially anywhere.
Someone who does what mentioned above by themselves, what category of rich people will they be grouped? However, I group myself to someone who's not rich nor poor. What they have is much okay for them
I think the perfect name for such people is the Middlemen and I fall into that category. It is when there is enough for today and the need for tomorrow is not a challenge, then the desire to start making plans for having double or triple of that available at hand for the future.
-
The just got rich is part of my story too. Because when this happens, the money disappear the same way it come, as there was no maturity to financial management and no plans for recurring payments. No business ideas nor investment plans, all because I thought it will just keep coming the way it started. But when it stopped coming, I realized I didn't do the right thing when the money was at hand. I didn't see it as a set back, but rather, I learnt from it.
unfortunate that you had to learn the hard way but failing has always been a part of life and it is just something we have to accept and move on and most importantly learn from it’s good at least that you have learned from it and you took it as a learning experience and not something that would end everything you have worked for
I view money as something that is needed at it's point of need, not for selfish use or unhealthy lifestyle. I see money as something to be used by/to/for those who needs it. There's a reason of humanity, so if I have a spare change to give to who needs it, then, I'll do so.
well everyone needs money because it’s the currency to live it just so happens that others have more than the others
-
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
I don't know how you define your own kinda rich people. But how I define mine is when someone can feed on themselves, have a roof over their head, have a running business, and are not entirely in debt is rich.
The world economics and its inflation are hitting hard on everyone. Anyone who can afford a three square should take themselves as rich people.
-
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
This happens mostly to those who inherited their wealths, some of them literally lost their mind and fails to reinvest due to laziness and lack of financial advice.
They are not exposed on how to make money rather than only thought by their parents of how to spend the money. So their Ignorant repercussions is when they spend all that stored of values lavishly to where it does not bring them income is when they regrets every of their past.
Also some lack of experience investors who thinks the huge some of money from their savings would serve them for a life time without investing for more growth.
-
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
I didn't understand how much wealth one had to have to be considered rich. However, if the rich are defined based on wealth, then there can be different types of rich people. Some people can become rich through inheritance, while others can become rich through their own hard work. Someone may suddenly become rich by winning a bet at a gambling establishment, while someone may become rich by finding Aladdin's lamp. I have not been able to join the ranks of the rich yet, rather I have remained a middle class person till now. I am trying my best to change my condition but people cannot change their condition very quickly. It is very difficult to change your condition overnight by earning money honestly from an honest path.
-
I didn't understand how much wealth one had to have to be considered rich. However, if the rich are defined based on wealth, then there can be different types of rich people. Some people can become rich through inheritance, while others can become rich through their own hard work. Someone may suddenly become rich by winning a bet at a gambling establishment, while someone may become rich by finding Aladdin's lamp. I have not been able to join the ranks of the rich yet, rather I have remained a middle class person till now. I am trying my best to change my condition but people cannot change their condition very quickly. It is very difficult to change your condition overnight by earning money honestly from an honest path.
The best type of rich for me are those self made millionaires as we all know they did it from scratch. I personally belong to the lower class in the society and yeah I am still hoping and working on something that one day I will achieve financial freedom though it's slower than others but atleast I am doing my best.
-
I didn't understand how much wealth one had to have to be considered rich. However, if the rich are defined based on wealth, then there can be different types of rich people. Some people can become rich through inheritance, while others can become rich through their own hard work. Someone may suddenly become rich by winning a bet at a gambling establishment, while someone may become rich by finding Aladdin's lamp. I have not been able to join the ranks of the rich yet, rather I have remained a middle class person till now. I am trying my best to change my condition but people cannot change their condition very quickly. It is very difficult to change your condition overnight by earning money honestly from an honest path.
The best type of rich for me are those self made millionaires as we all know they did it from scratch. I personally belong to the lower class in the society and yeah I am still hoping and working on something that one day I will achieve financial freedom though it's slower than others but atleast I am doing my best.
like a commoner who found his wealth by selling pancakes in the corner and gradually make a lot of money because his pancakes tastes better than other pancake sellers. you know the did hard work to make it and put food on the table. thats a self made man, he doesn't even need to be a millionaire.
me, i spend every dollar i get for something i have to buy. i'm no rich. i can't give anything to my kid but i sure thought him to see which is worth buying for.
-
My parents were not born rich, I am not rich either. I am sure someday that either I or my siblings will become rich, and that will change the story of the family to be regarded as those who are rich.
The majority of rich people today weren't born rich into their families. It was the daily hustle that made them rich, they now expand their businesses, having different investments that will pass through the next generation
-
rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether
i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich
the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
here is the video (https://youtu.be/eHD2D_FTkCY?si=Tfp_VPy BrPrGYesy) if anyone’s interested
Financially I would say I am not rich, but I believe that the wealth will come someday that is why I am making plans on how to manage and utilize this wealth. The thing is that is not just able being rich, one can be rich today and become poor the next day if he or she lacks the proper mindset for wealth, imagine an individual who doesn't make investments, he rather places all his wealth in is bank account, expecting it not to finish someday.
So being rich isn't just having the physical wealth but also having the knowledge of knowing how to make and expand this wealth, which can of course be done by investing in both physical assets like building etc or in digital assets like buying of coins or other crypto assets.
So with time I believe I will soon be rich in knowledge which will be very instrumental to the expansion of my physical wealth when it eventually comes.
-
So being rich isn't just having the physical wealth but also having the knowledge of knowing how to make and expand this wealth, which can of course be done by investing in both physical assets like building etc or in digital assets like buying of coins or other crypto assets.
So with time I believe I will soon be rich in knowledge which will be very instrumental to the expansion of my physical wealth when it eventually comes.
good to have ambition we know that real wealth comes from stability and independence so if we are no longer unstable with our finances we can say we have good wealth and we can breathe a little easier though not completely relaxed to the point of reckless
-
what about you? what kind of rich are you and how do you view money based on the type of rich you are?
I am currently only rich in spirit and in ideas, not financially rich. My view on money is that it will come as long as I continue to be focused on working hard to make money and I am keeping an open mind towards it. People who work their way to wealth don't often lose it easily after they get it. The person will be extremely meticulous with money and try to make sure that every penny counts so that the threat and danger of becoming poor and broke again is eliminated.
True, for one not to be broke again or experience poverty, they must surely work very hard, also they should not only rely one one source of income, this can also help them alleviate poverty in their lives but they must be able to make their own choices about how they want their lives to become, they must be focused and determined that they will make it in life, this kind of people don’t often spend money carelessly, they know how to use their money and make more more money from it, because they know that it’s very hard to make money, so they will be very careful not to start from square one.