Wealth of individuals

While Adam Smith talked about why some countries are rich while others are poor, in this article I want to take this topic to individual level. Why few people are rich, and others are poor?

There could be various reasons we can attribute to the wealth of few individuals. There are many natural factors like sharp brain, rich family, society, country and many more which makes few people more likely to succeed. Rather than analyzing distribution of creator we rather discuss common traits which existed in each rich individual.

Big dreams and hard work, these are two faces of the same coin. Seeing big dreams is the prerequisite to any success. As Mohammad ali said and I quote " if your dreams doesn't make you afraid, they are not big enough". I really feel that there should be no boundaries to dream, they should be as big as space. After seeing big dreams you must work hard to realize them. Every single day when you work towards dream is a blessing and it really feels special when you are tiring yourself out for something big.

Courage is a big factor why few people are rich. It takes huge courage to achieve something which has not been achieved. To live with fear, to get used to of feelings of failure. But as someone wisely said "sometimes winning is not giving up". Wealth come to you when you are willing to go bust yet not give up your dream.

By Wealth you can pay for anything, but for acquiring it you have to pay a price. You have to sacrifice your relationship time, family time, your time with friends and any possible time you used to devote except studies. You are taxed mentally and physically. Stress is your most reliable friend and anxiety lives close to your heart. But in all these who look for that 1 reason of not giving up really achieve something.

At last earning wealth, most of the people manage it. But to invest and consume in proper way is vital. Investment is deferred consumption that is you save to consume later because all your current needs are met. Investment should be in diverse areas. You can have portfolio and could also invest in commodities. Buying piece of land is most basic Investment people make, and it is quite beneficial. But Investment in land are not liquid meaning when you require money selling piece of land is hectic. Another safe investment is government bond or corporate bond. They are safe instrument of investment. Third would be mutual fund if you don't know stock market and stock markets directly if you know about them. Crypto currency is another venue for investment but I would say people should wait for technology to mature, currently it is quite risky.

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