type of rich

[EluguHcman]

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.

[Celsius]

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.

[0t3p0t]

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.

[electronicash]

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.

[JoyMarsha]

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

[Joeboy]

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 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.

[bitterguy28]

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

[Dr.Bitcoin_Strange]

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.