Post
Topic
Board Economics
Re: Wealth without a business
by
Antotena
on 08/02/2025, 18:36:46 UTC
I think One of the reason why people remain poor even while earning a decent amount of money from their businesses is the fact that they see money as a spending means and not investing....
         When building a business, it requires some level sacrifice and discomfort, after there have been significant growth l, money can be spent for expanding the business. At this point, it is not  referred to as spending but as investing, because the changes and expansion will bring in more profits.
         However for the case of people earning salaries, do you think there is a way they can be really rich without owning a business and or is it compulsory for one to be own his own business

I think you are confusing things toeheth. If someone is running business and they are been successful in what they do, don't you think it's more like investments because do you know how hard it's to set up a business, make it work and get profits from them? Business is an investment because you put money into it to start something with believe to make more money, it's a big investment unless you are not mlaomg money from the business or not making any profits at all.

As a salary earner that has nothing to rely on, I don't really think it's a wise thing to depend on just your salary alone, I don't know what your nature of job looks like but you will get caught up by inflation and no matter how your pay check is increased, it wouldn't be able to meet up your demands and the bills you will pay at home. It's always good to have a primary source of income and secondary source of income, your salary should be your primary and investment into other things should be your secondary.