Post
Topic
Board Economics
Re: Does money make you rich?
by
devil jin
on 20/07/2018, 00:00:05 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.
For an obvious and simple reason, yes money will make you rich. But for some instance of explaining it on a complicated manner, money will make you rich and will be added by being greedy. You know why? Some people, meaning not all are getting greedy of handling a lot of money once they have become rich from nowhere and have already forgotten the simplicity of life when they only have enough money. Also, money is not enough to state that you are rich. Education still matters the most.