Quote from: Promocodeudo on February 10, 2025, 10:06:17 AM

Quote from: casey15 on January 30, 2025, 12:54:39 PM

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

A salary earner must think outside the boss to elevate himself to the next level in regards to wealth, though there are some people that earn higher salary but in all, your ability to think about a good investment that can help you grow your finances, money is not meant to be stagnant or kept in a place irrespective of the amount coming into ones pucket, it not necessary about owning a physical business but a salary earner must seek for a good investment thats capable of preparing him for the future uncertainty, a salary earner may be sacked or relieved of his position at anytime I think that's why they should be prepared to have alternative to fall back to in case of any ugly occurrence.

Buddy it is not compulsory for anyone to own a business but it is compulsory for people to have something doing or have a good investment in something that's futuristic.

You are right as a salary earner it is very important we invest our money in other to increase our finance, if you don't invest the money you are receiving every month or weekly then you are at risk, I know of a musician who was making a lot of money when he was still singling good music in his prime but with all the money he was making he was not investing it and when he stopped making those money like before he started falling and that was how he became poor some of his colleague at that time who invested there money very well are still very rich till date, I also know of a movie star who was acting a lot of movies and making a lot of money but because he didn't invest his money well his now poor and some of his colleagues that invested there money are still very rich till date, so investing your money is very good because if you don't invest your money you can become poor at anytime so to be safe you need to invest your money, like you said is not compulsory to invest your money but just know that not investing you money is a big risk.
So I'm advising that everyone should invest there money to avoid being poor in the future.