Rich and poor is not a class but isis also a mindset. Steve Siebold a Self-made millionaire said, “wealth is a learnable skill, if you practice it you can improve. Alike most other skills”. In-country like India where especially middle-class families take investment as gambling. Whereas investment is a thoughtful business, and the rich understand it well.
Investment is like learning a new language, it doesn’t simply come to you one day. You make mistakes while learning but if you are consistent towards it, one day you become fluent in that language. Just like it sometimes you also go wrong in investment but it doesn’t mean that you are on the wrong way. If you are consistent towards it then you will get succussed.
The author Robert Kiyosaki wrote in his book Rich Dad and Poor Dad that you don’t need to earn a high income to become rich whereas rich people make money work for them. therefore, you become a master if you want to make money work for you, and investment is only a way that helps you in becoming a master of money.
According to a survey in a developed country like the US, where everybody invests their money wisely and living a rich lifestyle. They all know that failure is just a ploy to scare you from investing.
Poor and middle-class family only dependent on their active income. They don’t know about the portfolio income or sometimes they fear about them. Portfolio income comes from investment. There are many ways of portfolio income such as royalties, interests, dividends, capital gain, and many others.
Learning about investments is not a big deal in this internet era. There are many books, videos, and articles available on the internet that can make investments an easier game for you. If you don’t plan to work hard all your life, then you must learn this skill and become a master in this skill.
Anybody can start investing, there is no need to invest a lot of money in one go. Start with little but invest consistently, you fail sometimes don’t be afraid of failure.