Quote from: DiMarxist on September 29, 2025, 07:26:08 PM

Quote from: puloweh555 on September 29, 2025, 06:58:40 PM

Quote from: casey15 on January 30, 2025, 12:54:39 PM

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

Speaking of wealth and in the context of life nothing is impossible, and there are no definite answers or certainties in life. This means anything can happen in this world. Poor people can become rich, and rich people can become poor; nothing is impossible, whether through hard work or luck.

The important thing is to create a plan and be consistent with what you're doing now. You can also become rich without a business, as long as you have investments. Relying solely on your salary is impossible unless you have a very large income. Essentially, you must save money and invest to increase your income. Ultimately it all comes down to your mindset and decisions. Becoming rich isn't just about your income and the number of businesses you have, but it's also about your mindset and behavior in managing your finances.

Well said. Wealth is not just about having a high income or multiple businesses, it’s all about mindset, discipline, and the ability to manage resources. Like you actually mentioned, nothing in life is guaranteed the poor can rise, and the rich can fall. That’s why relying on one source of income, like salary alone, is risky.

Been a mortal, having a life is risky, you walk beside a street while cars are passing you by everyday is risky, you sleep and hope to wake up the next day is risky, there is nothing that is guaranteed with a beating heart, it is borrowed on time and it will be given back to the original maker.

Even if you are the owner of your own business, you can still go broke, I have seen salary earners becoming wealthy, what many don't ask is that some salaries are so effective that two to three years of working will set you up for life.

This is why some people go through hardship to get some solid degrees and find the job that fits in their education category, someone is making $40,000 in a month, and he is a black man from Uganda, in a year this man has $480,000, how will he not have $1 million dollars in few years in his job? Job is not that bad if the payment is solid.