Seth Walsh
The man in the mirror is my only threat
Contributor
- Joined
- Jan 12, 2020
- Posts
- 7,239
- Reputation
- 12,883
- Have a rich Dad.
If you were not fortunate enough. Then try the following.
So, you basically want to follow what works. What is making the rich, richer?
- Get through school as fast as possible with good grades if possible
- Get an education as fast as possible
- Get a job as fast as possible and stay consistent. Try progress through the ranks and push for a promotion. Be realiable, honest, gregarious and master office politics
- Put a % of disposable income per month into ASSETS as soon as you can. 5-10% or more. Keep doing that forever.
- Choose a basket of stocks which perform well, where rich people are putting their money. Information Technology seems to be the best sector right now.
Let the compounding do the work. Minimise all your costs. Try live with your parents for as long as possible. Try to save and don't be a consooomer cuck with spending. Avoid debt. Systematically buy your first home but don't rush into it. Don't rent. Don't buy property as assets. The best assets are diversified equities. Keep contributing to your stocks and buy more every month. Your assets will do the earning. You still might not get "RICH". But this is the only legit method to at least move towards wealth if you don't have rich parents.