How do people get rich?

We all are in a race to become rich some time. However this remains a puzzle to most people, they wish to be rich but don't know where to begin. Some would skip meals to save up but I personally consider this to be the most stupid move. I believe wealth is achieved through a combination of luck, skill and patience.

Some people will win a lottery and become millionaires in a flash of second. Well, this just happens to a few lucky people.

For a lay man to get rich, the first move is securing a consistence source of income. Focus to increase your income till its enough to save something substantial. If you have no source of income then there would be nothing to save.

Other than saving, you need to handle the money you earn wisely. This can be done by reducing your daily expenses and investing some of the money. Well, a little patience will be needed for progress to be seen. Remember an empire is not built on just a day.

 

There are different ways of getting rich. Some can get rich as a result of inheritance. Others might get rich as a result of their ability to work. They save their income and begin to invest in real estate.
Also, to get rich you must avoid buying those items that depreciate so fast and make sure that you do not spend your money on stupid stuff.

 

Still researching . But I always hear people say right information and hardwork coupled with determination will take you higher in life.

 

Actually, life is not always a bed of roses. This life is full of ugly challenges. So, if one is not determined, they may get discouraged and hence, they may not prosper in life.
Also, thanks to the birth of the internet- an information technology- and our newfound global connectivity, generating a real income online, and, thereby, get rich through this great means of information, no matter where you live or what you do, has become a modern-day convenience.

 

Another great means people can get rich you fail to mention is having streams of investments that if well-managed will continue to bring returns on investments for so many decades to come.

When a say streams of investments, investing in an area like real estate, and buying of blue chip companies shares and securities comes to mind. Moreover, there are other types of good investments one can put his savings or capital into for future earnings.

 

Getting rich is not merely about luck, the smarter people will always be the ones to accumulate more riches. And by smart I don't mean mental intelligence, I mean street or work smart.

Most people are simply not smart enough to know how to multiply the money they get or how to make good use of the opportunity that comes their way.

 

In my country there are now lots of networking business. The founder and his first invites are the one getting richer. What the founder will do is just to establish a system of payment and some virtual SEO. After that he will just make promotional videos that he is earning passive income and he will invite other people to join. With each invite you need to pay like 25$ and when you successfully invited someone you will gain like 20$ commission. With this system the founder just need to relax at home and the other 5$ is going to him every time someone joins his network. He will have a bonus when someone buys his SEO programs and lectures. I believe that the saying " Rich gets richer and poor gets poorer" applies here because you are letting other people invite for you for the promise of big commission in their invites.

 

There are numerous ways in which a person can become rich, whether be it, investing in stocks, bonds and the most lucrative field is real state since it's value will only keep on increasing in the next upcoming years, but unfortunately these methods require that you posses a significant amount of money to invest, if the latter is not available you can make your own website based on a specific niche that will attract a lot of visitors thus increasing your revenue and opening new opportunities for expanding your business.