1.become an investment wizard early
- Invest early and often in the single best day to get rich.And the sooner you start,the easier without working nearlyas hard.that’s not a guarantee based on 100+ years of evidence in the stock market.
- But don’t just take my word for it.let’s walk through the numbers with real example.Day you’re 25 years old,and you invest $500/month in a low-cost, diversified index fund.if you do that until you’re 60.How much money do you think you did have. $1,116,612.89. That’s right.you did be a millionaire after only investing a few thousand dollars per year. Have a look.Note :this table assumes an 8% annualized return,thelong-term average for the S&P 500. Like a lot of money,I recommend challenge. It’s an easy way to free up cash to put towards your investment. )
- The key to getting rich through investing Notice I didn’t say you should but Apple or Netflix’s stock.I said you should invest in a low-cost,diversified index fund over time.Because the real key to getting rich with investing in consistency over long-term horizons.Not chasing got stocks or timing the market.Is long-term investing boring?yes. It gives you a high chance of becoming rich over 20-30.Because the real key to getting rich with investing is consistency over long-term horizons.Not chasing hot stocks or timing the market. Is long-term investing a little boring? Yes. But it give you a high chance of becoming rich over 20-30 years? Also yes.
2.Get paid what you deserve wwhat’s the easiest and fastest day to have more money? Increase your salary! The fact,a one time salary increase of $5,000-properly invested-adds up to over $1,300,000 by the time you retire. nfact a one-time salary invested-adds up to over $1,300,00 by the time you retire
1-time salary increase of $5000 investment and compounded after 20 years:1,398,905.20!
3.Own your own businesses. This is my personal favourite way to get rich.with your job and investments.there’s a limit to how much you will make it you work twice as had at your job you obviously won’t be paid double down on your investments.there’s no gaurantee that the stock market will always go up on the flipside.there’s Is no limit to how much you can earn with a business .
ONE GREAT WAY TO START BUSINESS TODAY
The fastest day to get started in business in to turn the skills you have into a steady source of side income.