Investing... Is it really the way to Becoming Rich?😳
#Traders or #RichPeople will tell you to #Invest #Money to get #Rich😂... That’s if you’re already rich or already have money or are privileged enough to get access to money such as a loan or inheritance or a gift from your ancestors. But for most people especially those who are #Black or born outside of wealth which is most of us, we will have to work dam hard or do creative things to get money. Then when you get it you can invest to maintain it. So the better advice is: the way to maintain “Riches is to invest money. Because if you are poor and invest the little you have you will become poorer. So Be Wise!
What about the “Spirit of Capitalism and the Protestant Ethic” of #Hardwork and #Saving? What about accessing greater opportunities that helps you live beyond paycheck to paycheck. Everyone cannot be Rich in a world of limited means and resources and unlimited wants and needs. But everyone can live live meaningful lives with a standard of living that is modest and leads to contentment. By the way I completed a thesis and a reading on Karl Marx about “the accumulation of wealth as the the result of violent means not investment. Investing may be seen as the means of sustaining already accumulated wealth and it works by extracting money from the masses and redirecting it to efforts that drive the sustaining of wealth and the accumulation of more riches. But in closing I must add that Gabriel’s post did not say that Investing was the only way to get rich, but a way. And might I say effective and strategic investment and this investment could be in self though study and development of one talents and skills so that one is marketable and can take on work that can provide great riches, because being a famous sports star, singer or savvy business person are ways you may be rich but again everyone cannot be rich, because resources and space are limited in a capitalist culture that is highly competitive.
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