INTRODUCTION
Wealth Accumulation is the aspirations and dream of many people. They keep striving with varieties of endeavors to be wealthy and financially secure. Being financial secure, comes with a lot of sacrifice and process which one have to make to enjoy its blessings and status.
In the process of accumulating wealth, there are many ventures to be adopted and engaged with to be financial buoyant. But many people chose wrong ways to be wealthy. Let's talk about some of those methods and their dangers.
Many people engage in ponzi schemes and pyramid business which is driven by greed. They kept their eyes on the prize of being on the top of the pyramid where many other below are defrauded to be wealthy. For instance, MMM was the first of its kind which rule over African nations in the early 2000. Many people are victim while the few scammers that invented the process became instantly rich and wealthy. Every player hustled to be on the top with their "investment" to cash out hugely.
Greed played a huge role on this case. Those victims are attracted with high return of investment. They calculated their "gains" but in reality, their fund or investment will become their scammer's money. Without any basic economic manipulation, those schemes promised high returns and gains which is just a ploy to attract their victims and become filthy rich.
Violent crimes like armed robberies, kidnapping, terrorism etc are other nefarious ways of wealth Accumulation. Those evil people used this process to create their wealth as they steal from their victims huge amounts of cash and other assets. Many times and different places in the world, banks and individuals get robbed and kidnapped for ransom and financial initiatives.
As the world modernized and improved, other newly form of crime for money keep evolving and discovered. Ransomware, cybercrime, syndicate and other crimes with networks of dark webs that promotes this acts on defraud and steal their victims of huge money and assets. For instance, Roman Abbass popularly known as Hushpuppi is a convicted cyber criminal and belong to that cyber syndicate that deal on stealing huge money and assets from their victims especially wealthy families, companies and organizations.
Many people engage on hard drug business and trade to accumulate their wealth. Cocaine, heavy chemical etc are designed for passive and active effects. Dangerous syndicate are behind this oldest form of nefarious trade that spanned across the world. Huge amounts of money are generated and distributed annually.
In these above mentioned means of wealth creation and accumulation are wrong ways and have negative effects. Those criminals and syndicate have been busted and arrested many times and many of them lost their lives. Prison or detention centres are their sanctuary and paradise like Pablo Escobar and Hushpuppi of recent. Many of them even lost these ill-gotten wealth and remain very poor, depressed and lonely later in their lives.
Apart from the negative effect on those players as said above. There are huge effects of their actions on their victims too. Many of them have been depressed and suicidal. They refrain from other people and become isolated and lonely. They hardly love others and promote hateful and stereotypical statements against other race, color, career and ethnic backgrounds. They lost their livelihoods, fund, assets and inheritance which is great loss and effect on them.
Many people who are genuine and truthful in creating of wealth and becoming rich. They engage their skills, fund, Time and other logistics in several endeavors to become rich and enjoy its luxuries. Let's talk about some of those strategies, people and Importance.
In the computer and digital landscape, many entrepreneurs and business owners have amassed huge wealth and resources from their craft and acts. Bill Gate of Microsoft and other organizations like that deals with software development and applications have designed many sophisticated and unique software products that powered the computers and digital gadgets of the world.
Social media platforms for example Facebook, Instagram etc owned by American corporations recently known as Meta Inc have been profitable and huge amount of income generated for their owners and teams. Mark Zuckerberg and Friends are billionaires and wealthy because of their success with their social media applications and digital marketing hubs that make them successful and rich.
Many people are talented and skillful. They are famous and wealthy from many endorsement and revenue streams from their crafts. Musicians, footballer, boxers etc makes huge success and money from their God-given and trained acts. Dr. Dre, Wizkid, Drogba etc are good example of such wealthiest individuals on this category.
Hospitality, tourism and real estate are another investment venture that are highly profitable and many people there are wealth. They provide effective and comfortable accommodation, care, relaxation and entertainment for people and make huge profits from their services. Former American President, Donald Trump make huge amount of money from real estate and hospitality businesses. Their organization have several homes, hotels and resort destinations for their clients and are wealthy families.
Business and commercial world can also be profitable venture that makes many people and families wealthy. Their trades involves many products and services which add value to their client's lifestyle. Warren Buffett, Dangote, Carlos etc are good example of world renowned business merchants whose services and products create values and makes them wealthy.
In these sectors, these are great ventures and activities that are profitable and important to the humanity. They are wealthy and financial secure from their various ventures and impact positively on others. Create value and positive strides on the humanity and explore for greater prosperity. Such fields are unlimited and encouraged for better outcome.