How Long Does It Take To Become Rich?
Is it your goal to become rich and famous? There are rare exceptions for people that inherit their money, but if they don't have the work ethic to match the money, they usually end up spending what they have. Desire is the most important ingredient and if you want something badly enough you can achieve it. Prosperity is not just about making lots of money, it is being happy with whatever state you choose.
There aren't any legitimate money making ways until you actually end up winning lotteries. The rich come up with dynamic business plans to create jobs for others. In order to become rich you need to learn how to keep more of your money and how to stop people putting their hands in your pockets and taking all your money before you get a chance to invest it.
If you want to be financially free then you need to know the difference between assets and liabilities and you need to buy assets. But there are ways you can legally minimize your tax payments so that you can have more money to invest and you can become richer quicker.
If you looked at an annual financial statement you would see that we sold $ 1 million dollars of Widget A and made a 10% profit of $100,000. In my opinion, there are two categories of people that would find wealth creation and making money a difficult process.
Not everybody that takes a risk will be paid as handsomely as the billionaires on the Forbes list, or even make millions, but most wealthy people are willing to take a risk. My dad asked me money to invest in plantain crop. When they do sell, and if they do make money, win cash they reinvest their money into another investment that costs them more money each month to own.
Most people only know how to budget for a deficit. That is, investing in real estate, paper investment (stock, bond, Treasury bill, mutual fund or bank deposits), automated business, intellectual property or network marketing. Knowledge is information, whether it's about your special skills or something you took your time to learn.