Post
Topic
Board Economics
Re: Wealth without a business
by
ASloveapg
on 18/08/2025, 08:22:13 UTC
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
I think a salaried person can also become rich if he can manage his money properly and invest it. Business is a means of income but business is not the only way to become rich. A salaried person can also become rich but first he has to control his expenses and budget. Keep track of how much he is spending, reduce unnecessary expenses. Save after getting salary and build an emergency fund. Apart from a job, he can increase his income through freelancing or investment. Getting rich depends not on income but on behavior.