Post
Topic
Board Economics
Re: self control
by
Die_empty
on 20/09/2025, 10:58:16 UTC
sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general
Self control, which i would prefer to call discipline is not only what is needed to become rich, but it is an important part of it. However, you must add investing to your discipline and you must invest in the right assets, some people still save money in the bank and they expect to get rich, that is not possible. You save money and then you put them in investments that rise against inflation or maintains their value even in a crisis, BTC and gold are very good examples.
Inflation is rising, and minimum wage still remains the same; there is no way one can survive on salaries.  Saving in this condition will be a near impossible task even if you live extremely modestly.

Seeking other sources of income, like securing a side job or starting a business, would be good options if you want to save. Saving would later be channeled to investments such as real estate,  Bitcoin, or precious stones.