Quote from: bitzizzix on June 16, 2025, 08:20:34 AM

Quote from: Fortify on June 16, 2025, 07:39:45 AM

Quote from: Berryfolia on April 19, 2025, 10:18:46 PM

Wealth,security and freedom are not a result of what you do….
I can equally assure you that what you do produces income, but income can disappear overnight.

Wealth, security and freedom come from what you own,never by a paycheck or what you owe.
In my own view,wealth is not money rather money is just an instrument to measure and keep it going.
Wealth is simply the value that we create by production process.

For instance,if someone is able to create wealth without creating more value, and it must be at the expense of another source.
It’s been assum as a zero-sum game and has negative effects to economy,that’s absolutely a bad ideology.

The only way the average person is going to reach wealth and financial freedom is to start accumulating assets. Spending much lower than their income in order to invest for the future. Society is very much geared towards a spend, spend, spend attitude with people exposed to advertising incessantly. It takes a great deal of discipline not to overspend on unnecessary junk. Many people work hard their entire life, building up a pension pot and being happy to be free at 65+ years old, but it's much better if you can achieve stability before then. No disrespect to the older generation but you lose a lot of mobility and energy at that age, so having lots of money is almost offset by physical restrictions.

Of course most people will become rich or get richer because rich people have many or several assets or investments and that's how they treat money to make money that will create sustainable wealth especially for the long term that will create a calm and peaceful life in retirement later. And they are very careful and considerate in spending their money so that the money is not wasted and does not buy things that are not needed, actually the ways of rich people are good if done before retirement arrives and it would be even better when they were teenagers with high discipline to generate greater profits when retirement arrives and this must be done in a balanced way and prioritize the future when we are no longer productive, even though we are still productive it would be nice if in our old age we have a calm, peaceful life in terms of finances and only focus on improving ourselves by maintaining health and doing good things for ourselves and others.

You are right, most wealthy people comes from a wealthy family look at the top like Elon musk he was rich before he had great education and whealthy community to like with he was surrounded by smart people, you will find wealthy people don't just transfer money to their upcoming generations but also the knowledge to stay wealthy, This is one of the reasons rich people stay rich and poor people stay poor, if a person wanna become he has to invest in the education first I am not talking about normal education I am talking about financial education this the one of many way a person could get out of poverty, other way is by saving money and creating assets, this is slow way but sure way we can achieve financial freedom.