Quote from: Renampun on March 19, 2025, 09:41:57 PM

Quote from: Eres1 on January 08, 2025, 11:08:41 PM

When it comes to wealth different people has different views concerning it some consider wealth as sometimes that has it own time so when it gets to your time you will become wealthy but the fact is that wealth is one thing that is created over a given period of time and since it's created their are steps that you need before wealth can be created and one of such steps is to change your mindset and believe system that one has concerning wealth because the fact is that true sustainable wealth is created via investment that returns profits on investment and has a great potential of growth over a given period of time

a successful investor once gave a public lecture at my campus, he said that the key to his current success was compounding, he had lived fruitfully for almost 20 years to see his money continue to grow without ever buying luxury goods or splurging, after 20 years that were long enough and full of temptations, he finally managed to create 10,000x the money from the capital he started with. he also said that many old people who are currently poor came from the wrong decisions they made in their young age. Wealth is like a tree that is cared for with hard work, sincerity, and consistency for years until it produces results (superior fruit).

Life realities and experiences are typically different for everyone. One can still live luxuriously and still have a good saving plan, it all depends on their level of discipline and ambition towards becoming wealthy. Most people who succeed in wealth acculturation diversifies their source of income. The have their long term investment and short term investment.

Someone willing to create wealth has the mindset of settling aside some investments to help them cover up for the future. And investment like this are proven to yield good ROI on a long term goal such as Bitcoin, real estate and oil ventures. Some persons get lucky and win jackpots that changed their lives. While hardwork, smart work, dedication, commitment, persistence and time management play a key role in wealth created sometimes luck can also come in.