How Rich People Make More Money?
A question which I am asking you. Think for a bit, take a breath and answer my question.
Earning money is hard for some and for some it's easy. Depends on people to people as every people has a different mindset and capabilities as well as mentality. There's not just one factor involved in the skill to make money.
I have an observation and thinking about How Rich People Make More Money easily other than the common people. Feel free to criticize or express your views.
Is it the money they invest or it's something more?
I think it's not having more money it's having the right mindset. The right financial mindset to use funds in the most effective way that they bring more profit in every investment. The discipline and understanding to invest money in potential projects.
Earlier I used to think that if I had more money to invest, I would have made more profit. But I realised I am completely wrong here. As I can invest a huge amount in some new Crypto, I became a millionaire in a single day. But if I don't have that much experience and knowledge to handle and invest the money, I would end up wasting or investing it in some other project, and losing it later on bam welcome to being common again. This happens to many people who make lots of money in a single day or make a huge sum in just one time, they don't have the discipline and mindset to use it well, I am talking about the common normal people like us. The rich already know this trick.
You may have noticed how Rich people spend there money like fountain but you haven't noticed they earn like flood. That's where the secret of having the right mindset lies.
You may have heard of lottery winners and some celebrities and athletes making huge sums for some years but after some years, you find them back to being normal people. Because they didn't know what to do with that much sum. The mindset was just to earn money not how to multiply it or use it well. All the richest people are investors.
Investment doesn't only mean Crypto, many people invest in some side business, land, farming, animal farming, stocks, freelancing etc. Hundreds of options are available.
In my city, one man won the Show 'Kaun Banega Crorepati' which means 'Who Wants To Be Millionaire'. In this show people were asked questions about the world and answering the right answers continuously will give them an opportunity to be a millionaire in a single day. And he became one. I saw lots of congratulations and news for him. His life just flipped in a single day. Looks changed like a Rich Man. But just after a year, I saw his story in the newspaper, yeah I read the newspaper sometimes. That he is now struggling to get a job, all his money was used in donations and meetings. I don't know what type of meetings they were talking about but they shared that together with his friends he invested some amounts in business and due to lack of knowledge and all he ultimately wasted most of his funds. He was a very intelligent guy as winning that show is a feat to achieve. Only people with high memory and IQ can win that show. Yet he lost all his funds and the reason is that he didn't have that mindset that rich people have. The discipline and knowledge of investing and financing money. He didn't knew how much to save and how much to spend.
Just like this, I see many people seeing Crypto as a big money-making project, and I won't lie it is. But it is a big money-losing project also. As investing in the wrong projects with a heavy amount will make you naked by money in a single day, lol.
So What's the solution through which we can become rich?
The solution is you and I need to learn the mastery of the financial mindset which rich people possess. I prefer you to read books about some successful people. I just recently found some awesome book suggestions by a very intelligent content creator who has great knowledge in financing @esmeesmith here. If anyone has their suggestions please share. I have requested an order from a local book shop to get the 'Secrets Of Millionaire Mindest' book. My first choice, I will read this first. If he doesn't give me it in more than two days, I will order it online.
Final Thoughts
What about the ones who just don't want to be rich, just earn a decent amount to live happily. For that also you will need a rich financial mindset. And with the regular prices and inflation rate increasing nowadays, everyone will have to learn the art of investing and financing money soon.
Gaining knowledge was never a bad thing, now I think I should have taken the Commerce field.
The secret to holding more money in the account is the art and result of better financing and investment.And do you know in terms of financing money Women beat men. Ah, I can't take this, lol. C'mon men you have to rise.
Note:- I am not a financial advisor, it's just what I noticed and analysed from my experience and infact I am poor like you, hihi!
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A lot of poor people don't know how to manage their money when they become suddenly rich!