Post
Topic
Board Economics
Re: Building wealth it's not just one time Luck
by
poodle63
on 25/09/2023, 13:31:12 UTC
You're talking about a $50 investment and you're talking about real estate? As crazy as it sounds, no investment will generate much profit with $50 of capital. You need more money, I think if you don't have money to invest, it's better to focus on increasing your monthly income, if you have enough money left for living needs, then think about investing.
OP just gave us an idea, OP wants to make us understand that if you don't know the process, you can't achieve success with only huge amount of money. You have no idea about investment trading or real estate business but you have money without any idea you can be successful in business with that money.
Just a sign to represent $50. Those who know the business process can gradually improve their business even if they have less money, so the first thing in business is proper planning and idea about a particular business. 

Suppose you have $10,000 plus if you invest in the wrong way at the wrong time, will your $10,000 increase or decrease? Of course it will come down, so it is very important to have an understanding of the specifics beforehand.
knowing the process is definitely needed for ensuring that the wealth won't go anywhere which also means that we could build business and keep it alive even profitable for many years to come.
thats the important thing with knowing the process, so the money won't just vanish into thin air but having luck is also essential in this regard like many have stated.
but of course someone can't be lucky for their whole life right, therefore those that got lucky and know how to build their business up are the one comes out victorious building their business and paving its way
to the very top, those are very rare people thats why its difficult to be success but definitely possible.