Post
Topic
Board Economics
Re: What are some financial secrets that you know of?
by
JayJuanGee
on 16/08/2023, 12:44:56 UTC
Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?
There’s no secrets but hardwork and patience pay off. And by simply investing on yourself by gaining knowledge and first hand experiences, when you consistently work on it, you’ll be rich faster than what you think. As there’s no shortcuts to success and being wealthy, everything starts with a goal and achieve it through taking advantage every opportunity that comes, and never miss any single of it.
reading opportunities is really needed to get rich, and of course with a normal process and instilling discipline in everything can help us to achieve success. there is no need to avoid what should be our obligation, because of course that way we will become rich inside and out, with a calm heart we seem to be the luckiest people and of course we can benefit many people in need
I agree. By investing time and effort into discovering and learning new things via reading, we are able to learn and adapt various skills and ideas that can help us achieve success and financial independence. Knowledge after all is power. The more you know about something you are interested in the more you are ready to make a move and face any situations head-on, may it be positive or negative. Knowledge also acts as an instrument for prevention as it prevents individuals from making wrong choices and reckless decisions.

Of course, investigating and reading (like Bloodseekers mentioned above) are forms of action, yet in order to really attempt to make progress there likely needs to be actions that go beyond reading and investigating, and surely the ways that action takes place can start out small and build up to getting BIGGER.. It seems that anyone who gets to the BIGGER stage, needs to have had been engaging in a variety of practices along the way, and learning through practice that gives feedback that is more practical than mere reading and investigating.. yet the ongoing and persistent reading and investigating can become more focused when it is informed by various real world actions.