How do you get rich?
A question that countless people are looking for an answer to.
Money is fascinating and money promises a lot. Anyone who should describe a perfect life almost always cites wealth as a decisive factor. Get rich is for many a life goal, a motivation to give everything and to endure all the stress.
One day all of this should pay off and show on the account. But how can such a big goal be achieved when reality shows time and again that very few get rich? Eventually, if it were easy, everyone would get rich, make millions, and enjoy life on a sunny island.
Such a wish can be a beautiful fantasy, but it won’t get you a single euro further. But getting rich is not impossible. With these tips, it can work-
IT’S EASIER TO GET RICH THAN TO EXPLAIN NOT GETTING RICH
Even the vernacular knows money is not everything and money alone does not make you happy either. And yet, that’s exactly what everyone wants. Money, money, and more money. Almost everyone secretly or openly dreams of getting rich. This manifests itself in very different ways.
Some people work until they drop, postpone overtime and extra shifts, and are happy about any additional earnings.
Others bet on luck, play the lottery every week, and wait to finally be kissed by Fortuna. As is well known, the chances of the big jackpot are around 1 in 140 million, the majority of lottery players accumulate a minus on the balance sheet and only a handful of winners get really rich.
Even the mere idea of how much some people earn is astonishing and incredulous. Soccer player Cristiano Ronaldo earns around 45 million euros annually just for sport, not counting his other sources of income, which amount to another 30 million euros.
At the top are Amazon founder Jeff Bezos and Bill Gates, founder of Microsoft. In the current Forbes list, Bezos ranks with an insane fortune of an estimated 131 billion, making Gates’ 96.5 billion seem almost knocked off – which neither of them should really care about.
For many, getting rich means a better life
Hardly anyone gives themselves up to the illusion of getting so rich. What should you do with all that money when it’s so much that a lifetime is no longer enough to spend? But it doesn’t have to be tens of millions or even billions. Wealth – also in financial terms – can mean something different for everyone.
But getting rich also has some things in common, everyone expects something from having a lot of money. There are some classics that almost always apply:
No more financial worries.
At the top of the list of reasons for wanting to get rich is financial security. No longer having to turn over every euro twice, not looking forward to the end of the month with worry lines, and not constantly having to look at the price tag when shopping.
Realize wishes and dreams.
The long-awaited dream trip around the world, a new car, a house for the family, or many other things for which the money has never been enough. To get rich means to finally be able to afford everything that could only be dreamed of before.
Improve status, reputation, and recognition.
This connection doesn’t always work out, but getting rich is often equated with better social status and greater recognition.
In short, getting rich promises a better life, which is why it is understandable that so many people strive for it.
HARD TRUTH ABOUT GETTING RICH
The hard truth: There is no silver bullet that will make you rich. If it were that easy, it would be known everywhere by now and everyone would have made a small (or even large) fortune. Nevertheless, many offers play with the desire for more money and promise exactly that: Get rich, preferably without a job, the money comes all by itself, without you having to lift a finger.
If you see such offers, you should stay away from them. In the end, only one person gets rich – the provider who exploits the hope or despair of other people and only fills their own pockets.
It will be difficult in any case, but it is not completely impossible and so your dream of becoming rich does not necessarily have to remain one. And if you do not want to do the same millions but the project empire is a little more realistic and address frugal, chances are not bad that you earn enough money and can save to fill your account and wishes come true.
You can get rich with these tips:
Think long term
You won’t get rich overnight unless you are actually the one in the million to win the lottery. Otherwise, there is one trait that will make you rich above all else: patience. Regardless of which path to more money you choose, they all take time, usually several years, and your wealth will usually not make leaps, but rather develop slowly.
Cut your costs
The first thought to get rich is: make more money. However, it promises just as much success if you reduce your costs and save money every month. Cheaper shopping, saving electricity, maybe even moving to a cheaper apartment, leaving the car parked more often, and cycling or walking instead. Even comparatively small savings can quickly add up to many thousands of euros in the long run, which you have more available.
Don’t leave your finances to chance
If you want to get rich, you have to deal intensively with your financial situation. This is not a pleasant task, nor is it always exciting, but it is necessary. How much do you earn? How high are your running costs? What’s left at the end of the month? What do you spend most of your money on? Are there loans or other expenses that decrease over time? A detailed budget book can be the best solution and a real miracle weapon.
Only with a complete view of your finances can you work on getting rich. The following applies: start as early as possible. As already mentioned, getting rich takes many years. So don’t put your finances on the back burner, start dealing with them as early as possible.
Those who only start dealing with the topic in their mid-40s have already wasted many years that could have been used much more sensibly.
Invest your money
You won’t get rich just by putting money on the high edge. It is better if you let it work for you – because what Jeff Bezos can do, you can do on a much smaller scale. Stocks are particularly popular investments that can pay off over the long term if risked correctly. The following applies: Never put everything on one card, but look for a broad, secure package of shares.
In addition to stocks, you should also invest in other forms of investment. Real estate is popular and also a suitable means of getting rich. However, these usually require a higher start-up capital to be able to invest at all.
When it comes to investments, advice from an expert is always recommended when in doubt. They can help you develop the right investment strategy, answer any questions, and help overcome uncertainties.
Invest in yourself
You become rich through your personal achievements, successes, and abilities. If you are good at what you do, you will get more money for it as you develop your skills, you will become a valuable employee and can become a sought-after expert in your field. The more you invest in yourself, the more likely you are to get rich.
It’s not just about financial investments, it’s also about time. Take the time for further education and training. Use your free time to deal with important topics and to deepen your knowledge. You are your greatest asset – learn how to use it to get rich.
BUILD UP THE PILLERS
- A secure job with a good income is important and the first step in getting rich. It is even better if you generate additional income and thus manage to get money from different sources. This can be a second job that you take on or self-employment that you pursue alongside your job.It is certainly not easy and involves a lot of stress and strain, but if you want to get rich, you need that extra effort. To have more than anyone else, you must also be willing to do more than anyone else.
Don’t be satisfied
Gratitude is important, but you will only get rich if you are not satisfied with what you have accomplished. You can come to terms with your salary, accept that it will hardly grow for the next 10 or even 20 years – or you can keep your ambition, even if you already earn well and want to go even higher.
Do what it takes
That sounds very vague at first, but it is a serious trip for getting rich. Of course, this does not mean that you should rob a bank or find a rich partner, but rather that you recognize what is necessary on your way to get rich. This can mean, for example, that you have to move the center of your life to be able to use your talents where they are really in demand.
It is also conceivable that you will have to change your employer, again and again, to climb the corporate ladder and get a raise with every change. This may not always be easy, but it can be necessary.
Give 120 percent at work
Aside from winning the lottery or becoming a superstar, the best way to get rich is no real secret: work hard, do your best at the job, and don’t let it get you down. The other tips are additional ways to save money or increase your earnings, but you lay the foundation through your work.
To get rich through the job, the industry is also important. Even the highest salaries in some areas only come close to the starting salaries in other industries. Here, too, it is evident that long-term planning is essential. If you want to get rich, your school days, course of study or training, and especially your choice of profession are decisive.
Hard work may not be the bright and glorious path many who want to get rich to envision, but it is still the one most likely to be influenced by yourself. Unless you want to keep wagering the 1 in 140 million chance on the lottery instead of trying with consistently good performance and motivation.
At what age do most people get rich?
Unfortunately, many people pant their dream of becoming rich for a lifetime without success. Who but succeeds and becomes a millionaire, but should still a bit of patience to bring. An American study shows: Very few get rich at a young age, most make it (if at all) at the end of their working life.
So the study results are also compact:
- The average millionaire achieves this status at the age of 58.5 years.
- The average US millionaire does so by the age of 59.3.
- Both men and women have achieved this on average by investing 20 percent of their income and almost 80 percent in stocks.
In addition to the rather old age, there is one other aspect to be emphasized in particular: Rich people become rich primarily through courageous and consistent abstinence. Saving a fifth of your income is just not like a stick.
As a rule, it is not the one-off million dollar deal that makes you rich – but years of consistent work and sacrifice.
It may be your personal goal to get rich, but the path becomes all the rockier when you want to walk in completely alone. It promises more success if you surround yourself with the right people who are at your side, offer help and orientation, or even reprimand you. These are particularly desirable:
True friends that you can always rely on and whom you trust blindly. These fulfill several important functions: On the one hand, they help to stay on the ground and to realize that money is not everything. At the same time, they offer a good balance to the stressful and exhausting everyday life. Last but not least, it is the people you can really trust if you really get rich – because then at the latest, a lot of apparent friends suddenly appear.
Giving up is the easiest way, but it also guarantees that wealth won’t work out. For you to persevere, you need motivators that drive you, encourage you, and help you stay on the ball. These can be companions who share your goal or friends and family members who support you again and again.
There are many situations in which it is extremely helpful when someone offers good advice. A mentor can be that very person on your path to great fortune. He is an advisor, coach, and critic in personal union and is available for all questions or problems with advice and action.
Finally, you should look for role models, people who have already made it and whom you want to emulate. You shouldn’t copy, steal ideas or try to exactly follow in their footsteps. Rather, you should learn from your role models, benefit from their experience, avoid mistakes they have made, and get inspiration.