Quote from: xSkylarx on May 02, 2023, 02:26:09 PM

Quote from: Sterbens on May 02, 2023, 02:15:11 PM

Investing with the goal of wanting to get rich quick is the wrong mindset, in fact you could become a rich person through investing, but it's not as easy as you might think. It takes a long process to mature to be able to achieve large and stable profits. I heard that the average person who has the mindset of wanting to get rich quickly always fails in the investment world by leaving only debt. This mindset makes them careless and in a hurry to get profits without realizing the losses, so they always fall down and have to start over. If investing is based on greed and the mindset of wanting to get rich quick, then what's the difference with gambling.

To get rich, it takes time unless you win the lottery, which means you'll get rich instantly, but again, depending on how fast you get that money, that is also how fast you will lose it. For sure, those people who really want to get rich quickly haven't faced any problems, let's say in investing. Because we are too greedy for profit, we lost all of our money, which we learned lessons from. The same is true in real life: doing overtime and multiple jobs makes your health suffer. Everything takes time, and you should have patience with it.

I feel like as long as you do what you should, rest should be with just time and smart decisions as well. Nobody can get rich quick, but there are people who fail to get rich slow as well, they end up investing into things that they think will make them rich quick, and lose all their money, you shouldn't do that at all.

This is why the possibility of getting rich given enough time exists, but not everyone takes that, and many lose money while investing into big things as well. Getting rich quick does not exists, it's not an option, but while chasing it, losing the possibility of getting rich eventually is the biggest mistake people do, and as long as you can stop doing that, and just take care of business every single day, grind for decades, you will get rich.