Post
Topic
Board Economics
Re: Reason why you will never become rich
by
edy_58
on 06/08/2023, 06:45:58 UTC
The first reason why you can never be rich is too much  responsibilities, carrying family problems on your head which we all know family problems are always around the corners and can't be totally eliminated. The best help to offer family is to put yourself in a better financial position,  don't struggle to help family,  struggle to put yourself in a better financial position then take away your from dependency. How do you take them away from dependency? If you have a company or business you are running or a connection,  you can connect your family members to your friends let them work for them so that they can earn their own money or you have a business you are running, they can work for you to earn their own money.  As long as their is still dependency they will continue to depend on you and demand from you.

The second reason why you can never become rich is not knowing how to use money. There are several ways money can be use :  spending,  savings,  and investing.  Many of us already know about spending and even when we spend we spend on things that are not really needed but just to impress people who don't care about you.

Buying liabilities,  things that doesn't have value five years from now.  Many save but even when money is saved,  it is done to spend and not to invest and the only way to become rich is to invest and not by savings.  So , invest in assets and not liabilities.
You don't know what's in store for you. Who doesn't want to be rich?  Admit it or not, more or less everyone aspires to be rich. There are many reasons for not being rich. Most of the people in today's age spend hours and hours watching various sports. The reason you can't get rich is because you hang out too much. One of the reasons for not being rich is laziness and lack of proper planning. If someone thinks that I am not studying or I am not able to study so I will leave my studies and do business then the first thing that will come to his mind is what people will say. Yes I agree that investing is the only easy way to get rich. Those who try to do good work to fulfill their dreams in life. They lead life by following their dreams.
What I also see is that I often see people who spend their time on activities that don't produce anything they do really waste their time on temporary pleasures. It is true that investing will indeed be able to benefit, but before making an investment we must first study in what field we have to invest, after that we can plan well so that we don't experience losses in investing.