Make it your goal to do one thing better than anyone: Work on it, train it, learn it, practice, evaluate and refine it. You may find most sports-players or entertainers are millionaires, and that is because they are utilizing their skills fully.
Instead of thinking of how to get rich fast, aim at saving $100K first. The small amounts you save daily are powerful.
When you start to serve a lot of people, the effect of word of mouth is magnified – not to mention, you’ll have much more helpful feedback to improve what you do.
Only a small minority of start-ups succeed in realizing large capital gains, so the odds are not good. However, you can use your judgment to see which business idea and which management team are likely to succeed.
Buying, developing and selling property has always been a major way for people to accumulate capital.
If you can make steady investments in stocks over a long period, choose wisely and reinvest the dividends then you can build a large store of wealth.
More and more startup have seen success with great return in recent years. If you can find a new approach towards a specific corner of the market and build a business that addresses that need, then you have a potential of success in it.
Choose a job of your interest – do what you love and love what you do. No one succeeds in doing what they hate.
The biggest problem in some people’s path of getting rich is that they always spend more than what they earn. Living below your means will be the easiest to get rich.
Set savings goals and routines to support those goals. Figure out ways that work for you in saving money, and refine what doesn’t.