Post
Topic
Board Economics
Re: Does money make you rich?
by
droptableguy2
on 15/07/2018, 14:45:19 UTC
To me the answer is No. Money alone doesn't make an individual rich. A lot of people go to work everyday, working for money and making more money, but fail to become richer. Ironically, many only grow deeper in debt.we have all heard stories of lottery winners who are instantly poor again. Also there are cases of real estate going into foreclosure instead of making homeowners richer. We all know of persons who have lost money investing in the stock market. Maybe you are one of those individuals who have lost money investing on cryptocurrency,Bitcoin to be precise. Even investing in gold(real money) can cost the investor money

For all intents and purposes, it is not business, estates, stocks, bitcoin (crypto currency) or money that makes a person rich. It is information, wisdom, knowledge that makes one wealthy.

To me it depend on the money you have because if you have money buy few it is not called rich if you have very a lot of money you can called rich. But sometimeS people dont consider their are rich because they think that they dont have enough money eventhough they are.

On the issues of wealth yes, you need money a lot of money to be wealthy and Rich. People become popular when they are rich, the society consider Rich people to be of great value for the community. the status co inside with the Rich, you are regarded as Talented, Nice etc.etc.
My point. Money is the need of life. Much money is called rich. But not everyone has much money. so to have a lot of money. Surely we have many options, to make it. Make money, money management, money to work for yourself. That is important, to become rich. I think that is an important factor that everyone needs to know.