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Apart from education, what are the other ways of becoming rich?

Discussion in 'Education' started by ELKANA KIPKOECH, Aug 7, 2019.

  1. ELKANA KIPKOECH

    ELKANA KIPKOECH New Member

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    We have several ways of becoming rich, making education to be not the only option.There are many gateways to become successful and rich in life ;for examples talents such as sport,musicians. People might participate in sport perfectly making them to be rich,most of the footballers in the world are among the millionaires and they didn't necessarily go to school.Other ways might be luck and inheritance.
     
  2. Janis McCoy

    Janis McCoy New Member

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    A friend of mine's father is a multimillionaire, and I asked him what he knows that the rest of us don't. He said most people create one, sometimes two income streams in their lifetime. He suggests we have closer to 10 income streams going at once. He said the second thing we need to know is to create income streams that keep earning money without us actively doing something. Passive income streams will be generating income even when you're eating dinner or asleep.
     
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  3. Ricky Jr

    Ricky Jr New Member

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    It depends on your definition of rich. If it is to become rich financially there are tons of ways to do it. Most of the billionaires today were originally college dropouts. The best way to do it from what I've read is to find something you really like, make sure that it is unique or it is something you could excel at then just give it all your energy and in the end it will yield delights. If you want to become rich emotionally and morally try spending more time with loved ones, go volunteer, help charities, do something nice for someone for no reason. All these little things will leave you fulfilled and rich in sprit.
     
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  4. bitubulti

    bitubulti New Member

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    I completely agree with you. And I would like to add some extra words here. Only education is not the only way to become rich. There are thousands of ways to become rich. Some are reflecting results quickly and instantly and some are taking a limited time. But whatever the subject or source is, you must have strong experience on a particular subject. Only your experienced subject can make you rich. Searching millions of ways and just reading and forgetting will never make you rich.
     
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  5. Jesra

    Jesra New Member

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    Education is very important to be able to achieve your goal of becoming rich but I believe there is a lot of things to consider also. I know someone who doesn't finish schooling but are rich now. He has perseverance and believes in God that all things he wants will be given to him at the right time. He worked hard and sell anything to get some cash until the time comes that he becomes successful.
     
  6. Sanna

    Sanna New Member

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    If you are referring to wealth then, well we really need to work hard as well as smart way. After all money matters
     
  7. Stonewigg24

    Stonewigg24 New Member

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    Education is important in the process of getting rich. It opens up ones mind to new perspectives in life. However,talent pays well in sports and in the entertainment industry.

    Many people who never cleared school have gone on to become very rich examples include Bill gates.
     
  8. STEPHANIE HERSHBERGER

    STEPHANIE HERSHBERGER New Member

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    There are other ways of becoming rich that do not involve education and some of them are so simple that most people overlook them. If you are someone who loves to write and is good at it you can write a book or even start a blog. Blogs are profitable as long as you keep a schedule and make posts that are relevant. Creating YouTube content can also help along the way. It only takes 1,000 subscribers and 4,000 watch hours to be able to become monetized with Google AdSense. Making videos may seem daunting at first and editing software has a learning curve, but once you get the hang of it you'll be putting out videos in no time.
     
  9. kaitlynstubbs

    kaitlynstubbs New Member

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    To add on to everyone’s thoughts here, I’d like to add that education is extremely beneficial, but not necessary. Now I’m not encouraging you to drop out of school, but I am saying there are other ways to learn, implementing both school education and learning outside of school will put you one step ahead of those learning only at school. You will have a greater understanding on how things work and quite possibly better problem solving skills, not to mention you also have the opportunity to learn what the schools won’t teach.

    Now you may be asking how you can learn outside of school or you may be thinking you don’t have enough time or you don’t have the resources to. However, I can almost guarantee it is possible for you to learn away from school. Society today has a better advantage when it comes to learning than our ancestors did, we have the technology where we are a few clicks away from answers to questions and other learning resources. We have YouTube, online books, forums, and a plethora of information from all over the World that we can be learning from and most of us have access to it anytime and anywhere. Even if you only have five minutes a day to learn something that’s still 1,825 minutes a year.

    While learning won’t necessarily generate money on its own, it will help you to make money, depending on what you learned it could’ve taught you how to save or make money. If you learned how to make something you can sell the product or your knowledge and gain money, or maybe you learned about investing which can also increase your income, there are so many ways to turn your skills into an income you just have to know how to do it.

    Janis McCoy mentioned passive income and I believe that a great way to make an income. However, many people believe that it requires very little work. Passive income requires a lot of work or money in the beginning in order for it to be successful. Fortunately, once you get past the initial stages it can be quite rewarding. Examples of passive incomes would be Youtube videos, blogs, books, online course, and those are only a few ways to receive passive income.

    Saving may not be a way to make money, but it is crucial in order to become rich. If you spend all your money once you get it then you’ll never be financially free. Millionaires, billionaires and other rich people tend to save most of their income before the spend it. When they do spend it, however, they are selective on their purchases. They choose to buy things that will benefit them and their businesses, for example, they’ll put money into their businesses for improvements or other beneficial things. Rarely do you see self made millionaires in designer clothes, instead you’ll see them wearing clothes that are reasonably priced. Sure they might own a couple of expensive pieces, but with a high net worth they can afford to treat themselves occasionally with designer items, even with the more expensive items they’ll be sure to get many uses out of it, rather than having to replace it every year since it’s a higher quality.

    Mindset is also very important when reaching millionaire or higher status. If you believe you can and will be rich and if you set goals, you will be motivated to achieve them. If you think negatively and believe you will never be rich, then you won’t even try. You’ll see it as a waste of time putting effort into become rich if you believe you can’t do it.

    I hope this will help you on your way to becoming rich, and remember it all starts with your attitude, So think positively, learn whenever you can, and use your skills to your advantage. Best of luck to you.
     
  10. bourehim

    bourehim New Member

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    There is no shortcut I'm afraid, rich people are often highly educated individuals, even that football player has to educate himself to keep his money safe. there is however a difference between the education itself and financial education, the part they forget to mention in schools.
     
  11. Papa_s

    Papa_s New Member

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    Elon Musk, Richard Branson, Bill Gates: All extremely successful. All drop outs. (See 1 below) What do all these people have in common (aside from their technically incomplete education)? Their perseverance and passion.

    Getting rich isn’t about winning the lottery or labouring away at a 9 to 5 job for 40 years of your life (although those things can also lead to financial abundance). Becoming rich is about thinking and working intelligently. It’s about finding shortcuts where others don’t see them, believing in yourself or your idea when nobody else does.

    Attack the world like it’s a game — a competition that comes down to life or death. The people who become truly successful (which includes rich) are those who are able to set their minds to something and then work at it until it happens, no matter what.


    If anyone’s interested in the information I didn’t just make up:
    1: https://mashable.com/2016/09/22/12-entrepreneurs-who-dropped-out-of-college/?europe=true
     
  12. allison smith

    allison smith New Member

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    Talent and intelligence. Be pretty or be skilled, and you can earn a pretty penny. Know how to work smarter, not harder. See a problem no one else sees, provide a solution.
     
  13. sherman198

    sherman198 New Member

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    You can work on your talents or skills that you have, and become rich through that. We all have one talent or other which are gifts. If you are smart enough, you can turn this into cash.
     

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