Earning the first million is always difficult

It is commonly said that it is always difficult to earn the first million. The following millions are somewhat easier after that. I don't know if people who got rich from nothing would agree with this. Earning is always a combination of both hard work as well as smart work. People don't become rich with just hard work alone. They should know where exactly the hard work to go in. Otherwise, how much ever effort they put in, they will still be rewarded but not rewarded enough.

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Art of becoming rich

Rich people don't become rich overnight. At least not the ones who started with nothing. They gradually become rich and with lots of effort. People don't become rich overnight and most of the time is a long-term process that takes several years. Every successful individual will have their own story of becoming rich. In most cases, successful people don't usually follow the path of another successful individual. The path they usually take is unique most of the time.

Thinking big is one good strategy and having a good business mind is also another strategy. We cannot say anything for sure that a particular strategy alone will work. There are so many people in the unorganized sector of the Indian economy who are super-rich. They might just have a small shop on the corner of the street but they know exactly how to make money and the monthly turnover would be way too much when compared to a properly registered organization. Some strategies are miraculously good.

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Staying rich

Becoming rich is sometimes easier but people usually say that staying rich is the most difficult part. If we take some stupid decisions in our life, we might even end up losing all the savings we had throughout our life. Sometimes fathers would have struggled hard in their life to become rich and some wise sons live with that pride and wealth. There are also cases where the sons and daughters will bring the wealth back to zero wish some stupid mistakes they do in their life. I have heard of stories where people lost so much money from bad trading or bad investments.

Many people also have the habit of gambling. For those who gamble, there is one more thing to remember. The house always wins. But we can still be successful with gambling too but only if we know how to control our greed and know when exactly to exit. Staying rich also requires lots of patience. Spending is a lot easier and quicker process than earning. The wealth that took almost 20 years to earn can be spent within a short span of 1 year or even less than that. Financial discipline is also something that is very important when it comes to staying rich.

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