Post
Topic
Board Economics
Re: Building wealth it's not just one time Luck
by
Hamphser
on 12/09/2023, 19:33:43 UTC
It's the process of making money and reinvest make money and reinvest.
If you made just some lucky 10x profit but you can't keep up your stradegy for the long term then you don't build any wealth.



If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.
If we talking about real estate , first you need to understood the " mortgage markets " If you make like 10 year Investment plan because you been told real estate always good Investment then it's gamble everything what you don't know about and can't control it's gamble. And gamblimg is not business so dont call yourself like investor or traders Smiley
You think by holding the gold,silver and you always stay in profit that kind of mindset it's gamble not investing.
You think inflation always goes up and money printers working always its also a gamble.

You need to know everything about the topic you deal with especially when money is involved.

2023 year Will be good year to teach you Lesson don't take nothing for granted but learn first how it works.

Yes, I agree with your points that buying money is a long-term process you have to wait, and show some patinenç, consistency, and dedication. It's not just to start and then money comes in a fast way which in my thoughts is stupidity and through this, you will lose all your assets. Especially the newbie they came just to earn as much as possible in a short time and as a result, they have their own funds. You need to be fit to learn and then you will earn more A special quote I always follow is "The more you learn the more you earn".
You would really be able to learn those things along the way on which it is really that very common concept that you would really be that able to realize those things along the way and this is something that you must really be able to understand and realize so that you wont really be making  yourself getting bathed with tons of errors and mistakes due to wrong beliefs and insights which turns out to be unrealistic.
Building up a business is no joke and so as on building your wealth which comes right through investment and if you arent really that going into that slow but sure kind of pace but rather going for that fast pace one but it is really that something more risky then it would really be an another story. We know that successful people specially on investment firms didnt really get that kind of success in short time matter.
It does always takes time and lots of patience and perseverance along the way on which you cant really just easily achieve this state without doing those sacrifices.