Wealth is something that many people dream of having. Who wouldn't want to be rich, right? But not everyone can achieve wealth. Why is that? It's because they still misunderstand the path to riches. If you choose the wrong path, how can you reach your goal, right? MoneyGuru.co.th presents what people who want to get rich think they should do to become wealthy, but the results never make them rich.

Hoping for Luck: People Want to Get Rich Overnight

Believe it or not, over 90% of Thais still buy lottery tickets, hoping to win the first prize and become overnight millionaires without any effort. The percentage of this happening in your lifetime is less than 1%. What will definitely happen is that you will lose money without gaining any wealth. Just think about it: if you spend 1,000 baht every draw to buy lottery tickets (twice a month, totaling 2,000 baht), you would waste 24,000 baht in a year if you never win. But if you saved that money, started a business, or invested it, you would likely see a real path to wealth.

Living a Lifestyle of the Rich (Even When You're Not Actually Rich)

In this section, we're talking about people who try to create an image of wealth for others to see. If you are genuinely wealthy, it wouldn't be a problem to change your luxury smartphone every time a new one comes out, travel to expensive places, or buy a luxury car just to show off on social media. Of course, all of these require investment. But if you're not rich, living a wealthy lifestyle may not make you rich as you envision. In fact, it could lead you to financial ruin as you may end up borrowing money or using credit cards to buy expensive items, leaving you with nothing but debt. So when will you ever save money?

Thinking That Owning a House Equals Stability

“A house” is often seen as a sign that the owner has “stability in life.” However, many forget that a house is a debt burden that does not guarantee “financial stability.” If you rush to buy a house when you're not ready, it's no different from living beyond your means as mentioned earlier. Your salary will go towards paying the mortgage every month, leaving you unable to save. While it's said that houses appreciate in value unlike cars, how can you be sure you can keep up with the mortgage if you lose your job? How can you be sure you won't face emergencies? If you plan to sell the house to solve an emergency, how can you be sure it will sell immediately? Therefore, owning a house does not mean stability; you need to have savings for emergencies and income that exceeds your expenses. Only then can you truly claim to have “stability in life.”

Saving Money Without Considering Investment

Some people save money in a savings account (which is good, as everyone should do this) but never consider any form of investment. We don't argue that this will give you money for emergencies or even for retirement, but you will never truly be rich. This money does not generate any benefits for you, other than being set aside for future expenses. Wealthy individuals often make their money work for them by investing, whether in businesses, stocks, government bonds, LTF, RMF, mutual funds, or even gold. If you know how to invest wisely, research thoroughly, and plan carefully, the money you already have will multiply, making you rich for sure.
If you want to get rich, you must choose the right path to reach your destination of wealth. And of course, relying on divine intervention or making merit will not suddenly turn you from having nothing into a wealthy person overnight. No matter how much merit you make, if you never think about starting to change yourself to become wealthy, you will never truly be rich.

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