Quote from: nara1892 on Today at 02:40:02 PM

Quote from: passwordnow on August 16, 2025, 10:26:50 PM

Quote from: Dunamisx on August 16, 2025, 02:56:47 PM

Money is expected to be used for an investment, once we have invested and done doing this, then we go later after using little part of it we earn to enjoy ourself and also do other things we ought to have done, we should not spend from our investment fund, instead, when we make profits, we should only spend little part of it and use the remaining to reinvest, because we are saving ourself form any further future challenge when we are investing then spending it.

The idea of investing is to make ourselves profitable and use it for however we can and for anything that we want to. But if the purpose is to stick on it for the long run, we have to make sure that money and fund that we've got shouldn't be recklessly spent. This is why some businessmen have gone in the business for having out of funds due to their reckless spending. And if you are the type of guy that came from nothing and you want to build wealth through your momentum in owning a business. This is your time and that's how you wise up with the money you get from it.

Those with good money management skills will be able to do this, but those with poor money management skills may not be able to do so because they tend to spend their money on things they want, which are usually only temporary and sometimes unprofitable in the short or long term.
Owning a business is a benefit. As long as we can manage it well, it will run smoothly and profitably. Personally, if I already have a business that's running well, the next step I'll take is investing.

Is it business is an investment as well? You invest in an idea that might gain you profit, which is why you put a lot of effort and money into it. Business is not always be tangible, it might be services or consultation, it is just a matter of how it will work.

Lucky for those people who inherited a business from their parents or grandparents, as they won't be starting from scratch, they are just continuing their family legacy but if not properly managed it could be their downfall.