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[HJVC Notes]

Thousands of money-making seminars online and offline teach almost the same topics, live simple and be practical to be successful.

Now, we will debunk their short tips and live how we like.

These are some of the things that they advise.

According to them, these are the secret of the rich people (which is not at all times) why it seems so easy for them to lay golden eggs.

Myth #1: Rich people only spend how much money they have.
Truth: Rich people spend how much they like by increasing their source of revenues instead of decreasing their expenses.

Myth #2: Rich people prioritize savings.
Truth: Rich people don't like to save as the inflation rate per annum is more than 1% compared to the less than 1% savings interest per annum offered by the bank. Instead, they invest it in blue chips companies in the stock market that can yield more than 10% Return of Investment (ROI) every year excluding the dividends they'll get.

Myth #3: Rich people hate bad debt.
Truth: Rich people hobbies like buying multi-million dollar yachts, betting tens of millions in casinos, and other liabilities in a loan agreement is not an issue so long as their source of income can cover it.

Myth #4: Rich people live simply instead of an extravagant lifestyle.
Truth: Rich people, we mean those that are considered high net-worth individuals, those that have a net worth more than 30 million USD don't consider extravagant lifestyle as extravagant as walking in the street without any train bodyguards or traveling without a missile-proof private jet is suicide. For most common people, extravagant is wasting money but for most multi-millionaires, extravagant is protecting yourself and people around you.

Myth #5: Rich people grow their money. Instead of purchasing a house, they put in a business and use the profits to buy a property.
Truth: Rich people leverage the expertise of fund managers and advisors instead of diving into unwanted territory even if the intended endeavor has a potential, demand, or greater reward. Putting the funds in a particular business and capitalizing the profits to buy a house doesn't matter as bad debt doesn't exist for them (please refer to Myth #3).

 

[Faheem65]

Very informative about how how to get rich.

 

[MayorKayz]

From my personal experience, one thing is for sure, if you run after the money you will never reach it. Instead, run after improving your skill, develop your skill, and improve the service you provide. It will take time, but it is worth it.

You are right. Running after the money will never make us successful but when we develop our skills it will help us to be successful in life.
Even when we talk about online business. We should develop ourselves on a skill because if we don't, we will not earn.
Like for me I developed myself on forex and cryptocurrency trading and I am doing well

 

[Ben Kempton]

You are right. Running after the money will never make us successful but when we develop our skills it will help us to be successful in life.
Even when we talk about online business. We should develop ourselves on a skill because if we don't, we will not earn.
Like for me I developed myself on forex and cryptocurrency trading and I am doing well

You are right. Even though acquiring skills would not make us rich, but possession of skills will definitely help us in many ways. The issue here is that the job market is really competitive for every person belonging to every field. The best way to combat the issue of unemployment is to use resources and create opportunities for people.

 

[MayorKayz]

You are right. Even though acquiring skills would not make us rich, but possession of skills will definitely help us in many ways. The issue here is that the job market is really competitive for every person belonging to every field. The best way to combat the issue of unemployment is to use resources and create opportunities for people.

Yes as there are many competition in every filed. That is why I decided to not work hard on my skills but to learn forex and cryptocurrency trading. Because with this two trade, there is no competition, no looking for customers or clients. Or that is needed is to understand it well and our money will be growing.

 

[Player1]

If you really want to grow your money, the best way and probably one of the most effective way to do so is through investing. Saving your money alone cannot grow your money to something reasonable, investments on the other hand can take you there.

 

[Japhnet]

You need to automate savings, by setting up direct deposits into a savings account. Another is to start small, even if it's just $10 per week. Over time, your savings will add up. Also, Investing in stocks or mutual funds can help your money grow over time.

 

[Dicex]

So in my strategy .First, save regularly - put some money aside from what you earn. Second, invest wisely - consider stocks, bonds, or mutual funds. Third, diversify - don't put all your money in one place, spread it around. Fourth, be patient - give your investments time to grow. And fifth, avoid debt - high-interest loans can eat into your savings.

 

[Kunlee1]

There is a reason why some people keeps getting rich while some keeps getting poor
Myth are fallacy, they don't matter when money is involved, without work there won't be money, without persistence and consistency there will be no further earnings, that is all.

 

[Wisdom01]

So in my strategy .First, save regularly - put some money aside from what you earn. Second, invest wisely - consider stocks, bonds, or mutual funds. Third, diversify - don't put all your money in one place, spread it around. Fourth, be patient - give your investments time to grow. And fifth, avoid debt - high-interest loans can eat into your savings.

True Saving regularly, wise investments and diversification are all important factors in managing and growing your wealth. Patience is also important as investments require time to grow. Finally, avoiding high-interest debt can help you maintain your financial stability.

 

[kayode10]

To grow your money effectively, focus on diversification by investing in a mix of assets like stocks, bonds, real estate, and alternative investments. Regularly contribute to retirement accounts and take advantage of employer matching programs. Stay informed about market trends, minimize fees, and maintain a long-term perspective to weather market fluctuations. Consider seeking advice from financial professionals for personalized strategies.