Post
Topic
Board Economics
Re: Beliefs about money and wealth
by
MiningDog
on 11/08/2018, 14:09:13 UTC
What of these do you agree with? What other beliefs do you have about money?

1 - Millionaires are greedy, that is why they become millionaires.
2 - Company managers just want to use the workers to make themselves rich and others poor.
3 - Having money is a question of luck, if not of "gods grace".
4 - Debt is always bad.
5 - To make money, you just need to have a great idea nobody thought off.
6 - Cryptos are the way to make money and be successful without having to put effort into it.
7 - To become rich I just have to believe in Bitcoin because many people have become rich doing that.
8 - To become rich I just have to be more clever and streetwise than everyone around to get my share of the cake.

Your turn to think ...

(EDIT: These are NOT my beliefs, at least not necessarily, is just a list to think. Is not the list by Robert K. either.)
1 - One definition of greed is "Excessive desire for more than one needs or deserves". I think millionaires are just wise in how they manage their money. If they work hard and smart for what they get, they do deserve it. I'm sure there are greedy millionaires, but there's no need to start stereotypes.
2 - Many company managers purposefully try to create jobs to give others opportunities. Of course, you employ people to make more money for yourself, but it can definitely be mutually beneficial.
3 - No. This is definitely not true. You could be lucky and receive an inheritance or win the lottery, but for the most part, you gotta work.
4 - Debt can be leveraged to make more money, but you gotta be careful.
5 - No, you also need to implement a great idea. That's key.
6 - No guarantee in that. It certainly take work to do the research.
7 - You can't just believe in it, you need to study and act.
8 - That might be true.