Quote from: Mhizlove on Today at 10:52:22 AM

Quote from: El_Tammy on September 27, 2025, 04:21:44 PM

The fear of losing everything they've made over the years, pushes them to keep their wealth saved or stored which causes it to be rather stagnant than producing more wealth

There's this saying that goes "the biggest or greatest risk in life is not taking risk at all." If you think you are scared of taking risks because you don't want to lose, then you're doing more harm to yourself because a money that isn't invested on can never make profit. It's more like the biblical story of a master that gave talents to his faithful servants before embarking on a journey. After sometime, he came back and asked the servants how they managed what was given to them. Out of the three that were given talents, two worked on it and made double of what was given to them but the last one went to hid his talent and brought back the same thing that was given to him. The master was disappointed and took back that which was given to the slave. It's as easy as these, if you think you don't want to work on yourself or what you have out of being scared of losing it, then you're doing yourself more greater harm. The amount of wealth you as a man have will not increase itself rather it will reduce because you are making payments, sorting out bills, debited and spending. So you should not expect it to be the same amount you left just as you can't eat your cake and have it back.

if you are afraid of taking risks, afraid of losing everything.. then dont.
instead realise you dont need to go "all-in".. instead just try a small sample size trial/pilot. a small amount of money or small amount of time to learn, and build from that in a risk free version

imagine you want to start a branded t-shirt company. you dont need to re-mortgage your home to finance a $200k start-up
instead:
get some $2 shirts, slap your logo on it. sell them for $20
buy just 10 shirts($20) using disposable income that would have been wasted on fast food
try to turn the 10x $2 shirts into $200
try to turn the 100x $2 shirts into $2k
try to turn the 1,000x $2 shirts into $20k
try to turn the 10,000x $2 shirts into $200k

..
the issue arises though.. which shows the difference between rich vs wealth
a rich person when getting to $200k from starting small.. would then waste it buying a house. thinking its ok to spend all that $200k capital because they can start again from broke
rich people dont care about going bankrupt, infact it becomes part of their plan to repeatedly go bankrupt to wipe off debt. they dont try to remain sustainably wealthy the rich prefer to repeatedly go broke by putting their assets into other family members names, or trusts, and then declaring poverty/bankruptcy