Are you failing financially and on steemit? Then employ the rich man´s strategy

in family •  7 years ago  (edited)

It is true that some people are born rich ( ie inherit wealth : silver spoon in their mouth) , however many people succeed in life (even in hard situations) because they think differently than others (thinking outside the box). On the other hand, however, many people remain poor because of many reasons: economic conditions, central governments corruption, bad luck, poor facilities/ lack of basic infrastructures and most importantly their mentality. Therefore, to make it , we must move out of our comfort zone and employ the rich man strategy –here are some few points:

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Education /learn new things: It is argued that knowledge is power and great knowledge leads to success in all forms of life. In fact, most successful people improved their skills by learning something and striving to be the best in their field. Therefore, continues education is a good one –never stop learning.

Long Term thinking: the poor think short term (short sighted) while the rich invest long term (long sighted). In steemit, for example, those that gradually grow their steem power think in the long term because currently, steem is undervalued and thus now is the time to think like the rich and gradually grow your wealth.

Diversification and sleeping beauties: to succeed like the rich man, try to invest in different top projects that are currently undervalued. Warren Buffet use to call them sleeping beauties. One good example is steem and Ethereum Lyte (Elyte) see whitelist section of www.elyte.tech for their current crowdsale.
Moreover, diversification in related and unrelated industries is great because if one is doing bad, you can still earn from the other one.

Learn from your mistakes: we all make mistakes –therefore understanding, accepting and learning from your mistakes will always make you to be a stronger and better person. Furthermore, try to take advantage of your strength’s in order to work on your weaknesses.

Hardwork and Patience: Most successful people work hard and have patience even when things are not going in their favor. We normally see them only when they are successful , however never see or even care to see their many disappointment’s /failure before their big success. This is true with many people that give up really fast because they are not making huge money online (steemit for example) -forgetting that success never comes easy / fast. Therefore, be patience and work hard towards your goal.

Do you agree? Send in your comments .

Click here and read my former post: Will monetary reward destroy genuine interactions in steemit Platform? (2)

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Greetings, charles1

Very good your tutorial man. This area of ​​financial education interests me a lot. I live in Brazil and here the person needs to develop in this area or else, he will depend on the government in his retirement and he will not be well.

I am writing about financial education now, using a psychological bias, since I am a psychologist. I write a post in Portuguese (Brazil language) first and the other day I bring it to English.

Thank you and good night!

Welcome and I wish you more success

Well raised point here...I agree with long term thinking too because long sightedness leads to more success in the long run. Hard work, patience, diversification and investing in undervalued projects are also great. I will , however, add positive energy ie Optimistic values , to the list...100% upped.

You are always on point, thanks for your great comments...I agree that positive energy and optimistic values are vital to success

The rich also diversify across multiple asset classes. Thinking that buying the same amount in the top 10 cryptocurrencies is not a very diverse portfolio since all coins tend to trend the same way at the same time.

The rich on the other hand have Real Estate, Private Business Interests, Publicly Traded Stocks, Cash, Bonds, Gold, Etc. They are protected from problems in any one area and can live another day.

Well analysed...I indicated this in my older posts. Thanks for your comment

Nice post Charles! :) Yes the lessons of the rich vs the poor are important to study for those of us who wish to acquire wealth, as well as enrich our lives in different aspects :)

Good point indeed, a good lesson for all and thanks for your comment

True. Most guys who have started investing on the last quarter of 2017 are always saying crypto has only led them to losses and gained nothing from it. Which is really far from true. Before crypto, have they cared about their privacy and security in the web? Have they known about 2FA and all those security practices before crypto? Have they known how to read charts and have any idea on investing on shares/stocks in any company? Crypto has made it possible for the masses to invest with little to no capital at all. I believe this market is somewhat good to flush out these kind of guys who only look for material gains for themselves and haven't realized that they have gained more than what they needed to. Have a nice day! Thanks for the link I'll surely check it out.

Wow, you analysed it well..keep steeming to more success.

@charles1, nice continuation from your earlier post.

if i can add one thing to this list it would be:
be passionate about what you do. having expectations is a waste of time and effort. But being committed because that whats make you tick is worth more. This is more of a life lesson rather than on steemit but it applies never the less.

Make people believe in you and that will not happen by merely getting upvotes. It will happen because you do so yourself

Well analysed...I agree. Thanks for your comment and more success to you.

  ·  7 years ago (edited)

I've heard it once:"Take away the money from the rich man and give it to the poor man, the rich man will always find the way to get it back." You have to really be self-disciplined and persistent and ready to fail, but always able to get up again and try again and never giving up. Many people and not capable of doing​ that. They are not hungry enough, so to speak.

Point...I agree with you. Thanks and keep up the great comments. More success to you.

Thank you and to you as well. Much success!

You have always been a trending gem in the world of steemit. an inspiration to all, thanks for the tip once again. i'm lucky to know ya.....

Welcome and I wish you more success.

Thank you so much!

Powering up and dedication are indeed they key to grow in the ecosystem!
Dedication not only by writing post and upvoting good articles but also by interacting on and even more important offside your own blog!
Lots of people forget this!

You analysed it well...I agree, thanks and more success to you

This topic is eternal.
I would add that it is important to know where you are going. A clear vision is the goal.
You must always see it in front of you. Do not get off the road.
The speed at which you reach the goal is not the most important (you can not know what will happen during the journey - unforeseen circumstances).
Smart work and patience.
Listening to changes.
Careful and thoughtful decisions.
Exchange of opinions.
Reviewing decisions already made.
Defining your own crisis situation.
crisis scenario (A, B ...).
Happiness!?
And few more factors ...

Point, I agree. Thanks

really very agree, like I want to invest is not able because the money is not just me little by little from the help of friends from steemians give upvote to my post. I gathered it all for me to pawer up to steem power all so I can petrify upvote the other friends forward.

Good point, thanks for your comment and more success

There is nothing as overnight success. It takes time, talent and effort to be successful. Mindset and adapting with changes are very important to make anything successful.

Thank you @charles1 for your effort to make this awesome post!

Hardwork and Patience are everything. And we must alywas learn from the mistakes.

Thanks for your sharing

Point, I agree.

A very successful reasoning, you already describe them, learn from those who have achieved it, success does not fall from the sky, we have to fight to achieve it. Thanks for sharing such interesting points.

Welcome and thanks for your comment..

Your all reasons to remain poor are true.And points for success are also great.
Education, long term thinking, etc.All are valuable.If we pick up these points then we will be definitely success.

Thans for your comment...and good point indeed

Your all posts are good and this type is really fruitful.

Welcome and success to you.

Thanks for nice wish.

exceedingly extraordinarily agree, like I covet to invest is not intelligent as the currency is not emphatically me trifling by trivial from the comfort of contacts from steemians fail upvote to my post. I gathered it completely for me to pawer up to steem nation completely therefore I know how to calcify upvote the other contacts forward.

You have to explain yourself clearly inorder for others to understand you...however I feel your point...thanks and more success

please sir see my post.

Great strategies are not always monetary, I guess we need to analyse and know whats best suited for us. Steemit is great platform, and if we are dedicated enough, money will flow in.

Point...I agree

I think a lot of people don't understand the concept of education. Getting books that clearly help you progress in your desired field from people who have made their mistakes to give you their idea of the best possible solution is one of the easiest ways to succeed. Thanks for highlighting these points

  ·  7 years ago (edited)

Very good point, I agree. Thanks for your comment and more success to you.

I like these points. Long-term thinking, diversification yet dedication in some area.
I'd add: being collaborative and keeping open mind. Expanding in your knowledge, for example Steemit. !
Good post.

Welcome and more success

  ·  7 years ago (edited)

Yes Education is important, but 50% of the educated people are looking for jobs. The most of them already gave up. But we need to educate ourselves everyday to be aware of whats happening around us.
I keep telling my self that every successful person failed many times before achieving the real success. It gives me hope of being among the successful people one day.
It is very important for us to keep going and never loose hope. And always remember that the most Billionaires didnt even finish high school. But they thought right and took action in the right time.

Good point, thanks for your comment

That's right, patience and perseverance seem to be the keys to success. Many people do not know how to think long term, thank you for your valuable guidance. I'll take them into account. Regards!

You are correct..my regards to you too. More sucess

Great post...do what you love and have passion behind the thing you love to do...the rest will follow....oh and reminder, the early bird gets the worm...meaning wake up early, so your most productive hours are the hours before Noontime.

But the early "worm" is GOTTEN by the early bird.

If you don't have wings, you're probably not a bird (but you could be a caterpillar). Most early worms should be paranoid!

Hahaha, you analysed in a different perspective

I get your point, thanks.

Ill keep these tips in mind, steemit is something you have to slowly work with

I agree. Good point

Recently i learned that you can invest sp and voting yourself would be a good tactic

Wise thoughts, it can get kind of hard sometimes but perseverance pays off.

Point, I agree.

Engagement, Engagement, Engagement summarizes your points

You can do Steemit for just 2 hours everyday.

Use 30 mins to create your own content (video or text), upload and share it in the community.

Use the remaining 1 hour 30 minutes to visit at least 10-15 people's post, upvoting and leaving a comment.

I have tried this for a week and I saw a dramatic difference in my experience being on steemit.

Thank you for sharing this huge resource.

You are correct...engagement will help you build a good following...thanks for your comment

Your point on how to stay relevant and steemed is good. How then can we implement this and ensure that the revenue flow is steady and positive at all times? And how much can the rich guy strategy earn me on 12-hour basis?

Patience, engegement (commenting on people posts and responding to comments) , good quality and hardwork will help you here...seemy older posts for more tips..Success

I'm still paving my way in this crypto platform and It's very enlightening to read this post. You indeed pointed out some basic yet necessary ideas perfectly fit for a starter packer like me. Thanks

I agree with the invest in long term bc I've been burned by investing short term. I think that's important concept for dealing in Cryptocurrencies which fluctuate so quickly. Put in money you are ready to lose. Money you can wait 10 years to take out.

i agree with all your points but one i think poor people are forced into looking at the short term because they live hand to mouth which i think creates a bad cycle even spanning more than one generation.

You got a 5.10% upvote from @postpromoter courtesy of @charles1!

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You speak the truth sir...
This post is pretty cool, so motivating and inspiring...

definitely agreed

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All great advice! Thanks for posting this. I'm new to Steemit and got a lot out of reading this :)

Well said bro.
The only challenge i have now is African crisis and confusion. To be a successful business man you need a regular power supply. A government with plan for youth give attention to power supply. The case was different on African continent.

To operate steemit you don't want to know how much fuel i burned. So i agreed with you that environment may be a platform for success or stage for failure. However, a person who determines to change enviromental influence will succeed.

It's very good. I am actually turned on by it. loving though. hope you get from you more

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