What is the Best Strategy to Become Rich

[Nomad]

Just look at the list of richest people in the world, you will see none of the first 100 riches people have earned their fortunes mainly through employment. While some jobs pay very high salaries, wages are earned income, thus heavily taxed, sometimes up to 25 percent or more. Therefore a traditional job alone is unlikely to make you rich. Those who have become rich through employment, for instance CEOs of big companies, they have grown rich not just from salary but from the assets they receive as a part of employment plan.

 

[eLdavis]

Someone said if you want to become rich, you need to get a business plan and not rely on just salaries cause they will never pay you your worth.

 

[Springtime]

Yes, your monthly salary from employment will not make you rich. You have to get money to work for you. Make investment is the only way to grow wealth.

 

[Starmix]

The best approach to become wealthy is through investment or business. Income from a salary isn't enough for a month's budget so the chance of getting rich is slim. Sometimes a bit of luck makes a person rich. It's destiny.

 

[Augusta]

Resist the desire to spend more as you make more money.
Work with a financial professional with the expertise and experience to keep you on track.

 

[serki777]

I agree with you for the most part, but I think a big salary can be leveraged if the person has discipline. Doctors, lawyers, engineers making $300k+ can definitely get wealthy if they invest right and live below their means. The problem is most don't.