Hey everyone. What are some of your wealth secrets that you could share with us?
Buying homes with cash and taking loans out on it?
Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)
What are your secrets?
In order to become a rich person, you need a competent financial strategy.
For example, you may live in a country where taxes are low and food, utilities, and entertainment are not very expensive.
You can also learn a high-paying profession (for example, a programmer) and earn high wages by working online for wealthy customers from developed countries. Thus, you will have high incomes and low expenses. You can invest the profit received from your professional activity in highly profitable assets - Bitcoin, stocks, venture projects.
This will allow you to multiply your income many times over and live the life of a rich person (without denying yourself anything).
You would really be needing to be wise, you would be needing to be that strategic when it comes to investment if you are really that planning on making yourself rich. Just dont make yourself in a hurry in speaking
about trials and errors on trying out to rush up on making decisions according into such situation. There's no secret about financial success which we would be able to see those common and casual advises and
steps on which trying out to follow but its not something that wont be simple since there are really that factors which could really affect out that kind of outcome or results on which it is really that
always a big challenge for us and something that cant really be known in terms of outcome. This is why if you are planning to have that financial freedom then always stick to investment and never ever make
yourself that thinking up some advanced outcome or results. Anything does have that corresponding process which you would be needing to face up along the way.Just set out realistic goals and
targets so that you wont really be that pushing up yourself that too hard or in desperate manner.
It sounds simple, but I want to ask if any of us have become rich? I don't think anyone here is rich because if we were rich we wouldn't be here. In my opinion, we should not teach someone how to get rich because we ourselves are not richer than anyone. And in my opinion, there is no recipe or secret to getting rich. If we want to be rich, we just need to do one thing, that is to work hard and think of our own path because each person will have a life, a separate path to go, no one is the same.
OP's question is pointless and any answer that teaches others to get rich is also pointless because we are not rich yet so we cannot teach others. Second: It's unlikely that a formula that works for us will work for someone else. So find your own path to success.