Growing wealth with riches
hive-167922·@daniasi·
0.000 HBDGrowing wealth with riches
https://img.leopedia.io/DQmYPjqte2x8LETKgWwdoVdEYGGifAaJDDMR5VBKGjDrUGL/1000065775.jpg [source](https://www.freepik.com/free-ai-image/photorealistic-money-with-house_94935443.htm#fromView=search&page=3&position=27&uuid=f0e54d81-fee6-4570-aaf1-1f8075e11792&query=Wealth+compounding+) [gambling](https://inleo.io/@leoglossary/leoglossary-gambling) mentality everywhere, it has indeed made many to lose sense of financial understanding. Everything is now tied to ‘one [day](https://inleo.io/@leoglossary/leoglossary-day) I will make it’ yet there is actually no proper ‘day one’. Personally, I always see [wealth](https://inleo.io/@leoglossary/leoglossary-wealth) to be more heightened than being rich. You could win over the lottery you know and flex muscles for a while. So in an oversight l, a [gambler](https://inleo.io/@leoglossary/leoglossary-gambler-) has the ticket of being rich but to be wealthy, NO. This doesn't mean that on another view, the rich cannot turn wealthy. In [short](https://inleo.io/@leoglossary/leoglossary-short-selling), it is one of the needed phases to [switch](https://inleo.io/@leoglossary/leoglossary-switch-settlement) ground. The difference between being rich and wealthy is a matter of understanding. It is just a thin line of financial intelligence. It is surprising only a few get to apply it. I still remember that view by a [writer](https://inleo.io/@leoglossary/leoglossary-writer); ‘money is a currency’. You have to look at the word ‘current’ which indicates a [flow](https://inleo.io/@leoglossary/leoglossary-flow). Adding to that, [money](https://inleo.io/@leoglossary/leoglossary-money) itself is a means to an end. Pile up some money in your [bank](https://inleo.io/@leoglossary/leoglossary-bank) [account](https://inleo.io/@leoglossary/leoglossary-account) and you are rich, spend that money on [assets](https://inleo.io/@leoglossary/leoglossary-asset) that keep generating more money and you are wealthy. Anyway you could also be owning assets that only keep you rich. Ok, I was just an [investment advisor](https://inleo.io/@leoglossary/leoglossary-investment-advisor) to someone elderly. It was a privilege anyway when adding to the fact that I don't have papers for that. https://img.leopedia.io/DQmX9wAqcviFq2mifw67vag99ckpHzHGzd2HKRMaREx2sgo/1000065801.jpg [source](https://www.freepik.com/free-ai-image/view-man-handling-money-funds-wealth-prosperity_236221647.htm#fromView=search&page=1&position=6&uuid=39f3e744-5a17-44d1-ab42-1b3d522a2313&query=Financial+leverage+) A [lot](https://inleo.io/@leoglossary/leoglossary-lot-commodities) of people don't understand what [leverage](https://inleo.io/@leoglossary/leoglossary-leverage) is and how it even works. So they keep holding on to something the old ways. Some [investment](https://inleo.io/@leoglossary/leoglossary-investment) tactics are so rigid and slow in growth too. It was something I also discussed yesterday still on profitable and flexible investment. My analysis was able to break down how locked ROI generates much [profit](https://inleo.io/@leoglossary/leoglossary-profit) in even half the assumed [years](https://inleo.io/@leoglossary/leoglossary-year) a rentage [business](https://inleo.io/@leoglossary/leoglossary-business) would. My views this [time](https://inleo.io/@leoglossary/leoglossary-time) was on evaluation. Many don't understand how the [real estate](https://inleo.io/@leoglossary/leoglossary-real-estate) business works and in the process are left to scale manually. You will have to consider the amount of time already wasted in the process. A good real estate [entrepreneurs](https://inleo.io/@leoglossary/leoglossary-entrepreneur) knows he can scale business through [loans](https://inleo.io/@leoglossary/leoglossary-loans). It was an advice I gave him on how he evaluate his property and get a substantial loan from the bank to grow his real estate [world](https://inleo.io/@leoglossary/leoglossary-world). How about that? I mean he has property assets worth in three digits millions. I had to explain to him how these estate builders are scaling. It is not directly money from their pocket. The right English here is leverage and they sure do know how to properly apply it. He was first of [ALL](https://inleo.io/@leoglossary/leoglossary-all-currency) surprised how I got such knowledge. I saw that in how he raised his eyebrows to such exposure. https://img.leopedia.io/DQmUefX1C36CySzXBYXMjd41QJo9VDBnWJTwtKXtAwNFqu4/1000065803.jpg [source](https://www.freepik.com/free-vector/businessman-tries-balance-his-investments-currency-real-estate-investments_33906630.htm#fromView=search&page=4&position=12&uuid=123cd189-1013-4d44-af88-1ab225110c6a&query=Financial+leverage+) He felt he had been missing out on a lot. His next suggestion was to [work](https://inleo.io/@leoglossary/leoglossary-work) with a real estate valuer who could give him reasonable figures so he could in the process head to the bank for some negotiations. I don't know how soon he plans on working on that but I guess I have played my part. Anyway, I also had to let him know of the need to have a good strategy on ground. There is [risk](https://inleo.io/@leoglossary/leoglossary-risk) involved and when you are not able to meet up, you will either have to [sell](https://inleo.io/@leoglossary/leoglossary-sell) your evaluated asset at a [loss](https://inleo.io/@leoglossary/leoglossary-loss-financial) to clear the bank. To conclude, let me add, In the world of investment, any pending [opportunity](https://inleo.io/@leoglossary/leoglossary-opportunity) is worth leveraged. As I earlier said, approach with caution; there is no free cheese. As for this particular investment, it is all about having a rooted plan and you are sure to flow along. Robert Kiyosaki always saw wealth [building](https://inleo.io/@leoglossary/leoglossary-building-structure) as a game; more like solving a puzzle. Transforming riches to wealth will mean you will have to treat every opportunity better unless you may end up returning to your square. The wealthy don't gamble, or better put if so, it is a long run strategy. We all have to turn our rich times to sustainable wealth. Posted Using [INLEO](https://inleo.io/@daniasi/growing-wealth-with-riches-fz)
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