Quote from: Mauser on Today at 05:53:54 PM

Quote from: tjtonmoy on January 05, 2024, 04:59:10 PM

If you want to get rich, you have to become immune to the money.

What does it mean?

Do not desire your own money. It turns you from a producer to a consumer.
Do not desire the money of others. Envy is a deadly sin. Because it will distract you from your own mission.
Do not desire the money you will make in the future. Desire good work right now, You don't want cash in, you want to serve.

Only this way you will get rich from zero.
_The Grim

[Source]

How true is it? I want to ask the successful people here in this forum. What kind of rules or strategies that you guys use which led you to your success?

Not spending money on unnecessary things make sense. It's always better to try and avoid purchases today and rather invest that money to earn a profit for us. My plan is usually to not use my principal money for purchases, but rather wait and use the dividends and profits to make a purchase. But the real question remains where is our wealth really coming from? Starting from 0 is almost impossible to get rich in today's time in my opinion. Because we are living in a period of high inflation, food prices are constantly rising, so is rent. These are all cost that we can't avoid to pay. As long as our monthly income is high enough to pay all costs and leaves us with enough money to invest, we will have a better future. But changing our situation requires a lot of dedication and time, reinvesting profits, interest and dividends helps a lot to build our portfolio more quickly. And even if we won't manage to become rich in our life, we can at least help our children to have an easier life and maybe they can become rich one day.

Getting rich starting from nothing is only possible if one gets really lucky. But it is not worth to count on pure luck, because such a chance may never happen for you. In my opinion, becoming wealthy is constant, persistent, even stubborn work. Only those who spend all their efforts on this intention achieve success. I believe that nothing is impossible, but this goal is very hard to reach.