Quote from: ZAINmalik75 on August 05, 2023, 06:48:56 PM

Quote from: Compromise me on August 05, 2023, 05:19:53 PM

The only difference between rich and poor is thinking. The rich people invest in assets that put money in their pockets and poor people buy liabilities like they will buy motor cycle but they have not enough resource to be able to buy petrol. They buy mobil phone on monthly installments. In comparison, rich people invest in assets like they buy property that will increase its value. Poor people spend money in things that show they are rich but in reality they are poor. Rich people invest in real assets like they buy running businesses. Poor people save currency and currency value is in control of government. Rich people invest in real money like they invest in gold that retain its value.

Here I completely agreed with you about this all because right now same things happening around us, and we are not doing anything positive for bringing change even we are going deepen in this all even few societies and countries are going from bad to worse just because of this all they fail to bring better changes in their system and peoples dug out with these things as like if someone can start from small investment, but he is not interested and going to buy luxurious things which are not helpful for him in long run.
Recently I have many peoples around me those are bank-corrupt due to their bad investments and having no proper strategy but once anyone is having rich he is going to have better things in life even his profit is increasing because he is doing things with the purpose of long term investment which is surely helpful for him and his all strategy.

Yes, I agree with you. People don't have patience, they want to become rich in one night.
They invest in a thing which he does not understand. They are trapped scammers. Scammers get benefit from this opportunity and they fraud with people. Financial literate people invest in thing about which they have knowledge and experience. No one can change anyone else life but himself or herself. If a person thinks that he has to change his life, in a few years he would be in a better position. Only difference between rich and poor is mindset. Rich people invest in real assets and real money. Poor people invest in fake assets and fake money because they buy liabilities but they say that these are our assets.
Poor people think that their living house is an asset and should be big investment but rich people think that their living house is a liability that will take money from their pockets in the form of gas bill, electricity bill and repairing cost of house.