Post
Topic
Board Economics
Re: How too get rich
by
jakelyson
on 25/09/2016, 07:29:28 UTC
I think that there is no well-defined formulas, if there were everyone would be rich. But I'm sure that the first step is manage yourself financially.  It is required to be completely aware of your own money and, of course, where your money is going.

Yes and you cannot depend only on single source of income to get rich in future, you need to find multiple ways of earning it which can increase your financial wealth over a period of time.
I think more work in order to earn a larger income serves to increase the speed of you to be rich. but if you can only do one job only is it not a problem? but the time required would be much longer. because you're just relying on one income alone


The only thing that makes me realize is that I cannot be rich when I will be just an employee for the rest of my life. I need to have my own business and used my skills than letting others rent it for their success, I need to take the risk and I am working hard now to be able to risk a capital to start a business soon.
being an employee limits your capacity to become rich but it is a good starting point to save money. Save as much as you can and when you have enough capital to start a business then do so. But do not quit immediately your job. Having a job and a business makes your journey to become rich faster.