Hi, Everyone! You can call me Alex. Today, I want to talk to you about your Path, about my Path to Riches. How to find it? How to choose your own, unique way? If you have an opinion on this point – let me know. I hope you will find it useful.
There is no ONE WAY to get Rich
One day I noticed that I was surrounded by entrepreneurs with their own businesses. One of my friends has a tattoo studio. Another owns a real estate company. The third one runs a marketing company. The fourth makes money selling online courses. The fifth buys apartments and makes money from renting them. These are five friends with five different ways to get rich.
I looked at them in their lives. I understood that we all wanted the same result – to become Rich – but I honestly didn’t want to follow their path! I didn’t see myself owning a tattoo studio or real estate company. I felt like I needed to find my own way.
But how to find the right way to get Rich, the shortest and the easiest way. The truth is that there is no ONE WAY to this goal! And the shortest path is to find your own one.
Different ways – How to get Rich
From the law perspective it’s one of these five choices we have to make money:
- Build your career as employee
- Build your company as business owner
- Work as self-employed without a team
- Become an investor
- Get money without working. You can get lucky with a Rich wife or husband. Or you are lucky with your parents.
I am sure any of these ways can get to the point of 100 000$/year or even 1 million revenue annually. I guess you know it. Let me show you what each Path looks like in simple words.
As a worker, you need to improve your skills and find a better job, perhaps not even in your own country. The goal is to get a higher salary and a better job. There are thousands of companies where someone works as a top manager or CEO or does a job that requires specific skills and makes $100,000 a year or even $1 million a year.
As a business owner, you need to find the market you want to lead. Find out what kind of company you are starting. Hire employees, give them goals and resources to achieve them. You also know your business goals: more transactions, more employees, more customers, more money. The value of your business should also increase.
Between these two ways you will find the third one.
You can work as self-employed without a team. Work for yourself, choose projects you want to work on & clients you want to work with. The Way to Get Rich here is not so clear, but you know the goals: Higher check per project (100,000$) , regular income from partners (10,000$/month). You need some Fame & Connectivity in the business area.
Your goal as an investor is to accumulate capital by purchasing real estate, stocks, government bonds, businesses, and more. Your goal is to capitalize around $4 million and then earn a 5-10% return per year on your capital.
And the fifth way is a happy marriage with a rich partner or receiving an inheritance. From the government’s point of view, you can receive money from your relatives without paying taxes. It could be a new car or $100,000 in cash as a gift from your wife or husband. There is also a way to find someone rich and then break his heart and get half.)
As you can see, you need to go through several levels to grow and gain Wealth. Sounds like a game to be played. The question is: “What game do you want to play?”
According to statistics, about 40% of all people around the world are unemployed. It includes people who receive money in a fifth way – from relatives, friends or government programs. About 45% of working people aged 18 to 60 are employees. Another 45 percent are self-employed without employees or with a small team. Here you will find freelancers, youtubers, writers & other solopreneurs. And I think about 10% are business owners and investors.
So what is your path? Now you can choose your own! Now the question is not: “How to become a millionaire?” The question is: “What is your path to wealth?”
And if you really look at your life (your skills, your experience, the resources you have), you will realize that you only have one chance to succeed. There’s only one way to get rich, and now may be the only chance you have!
Conclusions
These are 5 ways to get rich:
- You can grow as an employee.
- You can build a business
- Develop yourself as self-employed (solopreneur)
- Start an investment way.
- Stay home and rely on someone else for your income.
Choose your own. There is no bad or good Path. There is no right or wrong way. It’s just yours here or not. I tried different ways to make money before I figured out what was right for me. So maybe you should try different things.
So my final thoughts: Find your own path, your own way to become rich. There is no one way for everyone to become rich. There are many ways to get rich, and only one way is yours.
Please share your thoughts on this topic. I’d like to read them under my YouTube video. Check out other videos on my channel and come back to find more. See you. Bye!
