Post
Topic
Board Economics
Re: Building wealth it's not just one time Luck
by
KingsDen
on 09/09/2023, 14:16:23 UTC
Building wealth is always a long run, doesn't matter what industry you are in, not only crypto, in any business. The only way to be wealthy in a quicktime is by over-exploiting, and violating ethics. Many people could became rich, but only small amount of those rich people could become wealthy, a one-time luck could get you 50 Million, but keep those money and use it to build wealth is something that required a lot more than luck.
Building wealth is one of the most difficult things to do. Most of the wealthy people you see today are the ones that inherited their wealth from their parents. This generation has the ability to make money, but the ability to multiply that money is where the problem lies. In order to have a generational wealth there should be able to have a consistent kind of investment over the years. This will no doubt open the door of generational wealth. When it is time for investment, invest only in things that you will not likely lose your money. Money is hard to earn but easy to lose. Avoid any kind of investment that will make you to lose money and and curtail your expenses. This is the way to building wealth.