Post
Topic
Board Economics
Re: without investments would there be wealthy?
by
Muba20
on 16/08/2025, 12:17:13 UTC
I wouldn't want to create a very lengthy topic to post as I don't see any reason for doing so..
So I was thinking something tonight that everyone or anyone who succeeded or becoming wealthy today do they really succeed through investments?

If yes, then how many people around you becoming wealthy through investments?

In my opinion, the majority of people who were successful today started from personal skill or self development, after which before they started investments.

What Is your thoughts over this?

If your parents are wealthy and you were born into a rich family, you don't need to invest to become rich because you already have a wealthy family. And I'm sure most people know this.

But if you're not wealthy and you want to improve your life, you need to find an investment opportunity to get ahead of life's difficulties. Some people will invest in traditional
businesses they are familiar with, while others might go into the crypto space if they have the knowledge and ideas—it all depends on the individual.
I have seen people who inherited wealth from there parents and later became poor in the future due to mismanagement of funds. So whether one is from wealthy or poor family background, they need investment because inherited wealth is quite different from wealth self made wealth. The tendency of being able to maintain self made is high compared to wealth inherited from parents. To crown it all , the fact that one is born into a poor home or rich home doesn't mean the person will be poor or rich. The only way I believe wealth can be made is through investment.
There are definitely some steps before investing. We cannot invest directly if we do not have the skills or knowledge. In the beginning, a person needs skills. With that skills, he is able to convert that money into investment through income and after that he can become the owner of wealth. But if someone wants to own wealth directly, it is not possible. Those who do not have knowledge cannot also own wealth. Some people can get lucky through gambling and acquire wealth, in that case, if he does not have knowledge, then he will not be able to retain the wealth obtained through gambling.