What are the best ways to get rich?
I (m/16) am still relatively young, but I already have several goals I'd like to achieve. One of them is to stop working as early as possible and perhaps start my own company or something similar so I can make the money work for me. I've recently realized how difficult it is to earn a lot of money and want to get some inspiration here on how I can achieve my goals.
I also know that many people consider themselves rich if they have a healthy, happy family, but although that is of course also on my "life goals list," I'm only talking about material wealth right now.
I know I need some start-up capital for real estate, etc., and I was thinking about signing up for as many game shows as I can as I can, like "Who Wants to Be a Millionaire," as soon as I turn 18, to earn some money. I know that sounds pretty naive, but on "Who Wants to Be a Millionaire," for example, I'm sure I'd earn at least €32,000, which isn't a small amount.
What do you think of the basic idea and do you have any good strategies of your own?
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Who’s gonna be a millionaire? You put everything on a map that depends on happiness OB you are invited to that place and then whether you are coming to 32k at all and not yet greedy.
You can do that by the way, you just have to register. It’s done in a few minutes. Then don’t lazy any more and “I’ll wait until I have the 32k” but in the meantime do something meaningful.
I have 3 options for you:
Selfimprovement Read books and guide for entrepreneurs. That’s it.
acquire knowledge for an area where you make yourself self-employed. (Operating market research)
Or if you already have this knowledge, you can try to report a business.
I see it similar to you, I would never seek a life in life as an employee, where I would allow the boss to live, that I want and then at the end of retirement I will hang my old-age poverty.
The problem is that you may be too focused on leisure. If you just want to rot, it’ll never be. If you want to have enough money to realize your dreams, let’s say you want to become a professional climber, for that it takes a lot of money. Accommodation, equipment and free time. Then it is possible to become rich. Here is an example: you give long-term citizens’ allowances 5million are the 1. Not only fast away but 2. They will continue to handle their lifestyle as they do. This is not only true for long-term unemployed, but also for totally dissatisfied employees who only work for survival.
I personally want to be at 30-40 so far that I can do everything possible professionally. That I could make music, I can afford to put 40k in an album and it only has 5 listeners. That doesn’t have to hurt me. Or that I can start a business with 100k and if it’s broke after 3 months, I can’t care, or I can’t have a jack anymore. I want to be very professional and experience a lot. That is why I want to be rich.
That’s why I make 20 overtime for the boss every week, is well paid – no fun, I would never be in life, I’m not hired.
That’s why I quit my teaching with 17 and then I made myself 18 self-employed.
When I was sixteen, I only started to use Skills at the end of 16 years. Start with it and inform you about entrepreneurship. Ahja and two things you have to bring: perseverance and Hustle. You are constantly being tested by life and yourself as an entrepreneur. You’ll get so many strokes in your face and fall down so often and if you don’t have a perseverance, then you’ll stay like a streak in the dirt, then you shouldn’t have started and are the greatest loser in the world.
If you have any questions, please ask.
What do you think is the most profitable area where you should build something? (Gastronomy, Logistics, …) or can’t you define it as precisely and how should I decide as a 16-year-old in what area I want to develop? I only want to try out that with the Who becomes a millionaire because I appreciate my general knowledge quite well and try nothing and should end up jumping out what I am happy.
Yes clear the Who becomes a millionaire but only a “sidequest” which is to be done by the way.
Depending on how ripe you are, you’re ready for it. But yes, many also change their range with 25 again… you can never say that. It’s a good thing if you still like it.
The most profitable area is one where you don’t have huge corporations as competitors (so no logistics) and what is best used and renewable. So a service. As an example: Cut hedges. They keep growing. Or even better: the plants also offer themselves and plants. Would be area landscape gardeners.
But best of all, something you care about. That’s how you work a lot more and better.
Didn’t you even say you wanted to make it up to 25? With real estate and trading
I often say that you can make it up to 25 easy to the first million.
And what physical work is there where you study?
You have to have plans in your life. In the moment, you just want it because you don’t have a plan otherwise and because you’re talking about “if you want to earn a lot, then study” what’s moderate. Yeah, you’ll earn more than the average, but from a lot we’re far away and from rich you don’t need to talk.
Yeah, I love it.
Well, you can do a lot of physical without real knowledge.
Kercher Arbeit, Gartenarbeit(Hecke, lawn cutting), Camera recordings of companies… many things exist.
Why Abitur? Would you like to study?
I’m just still at school and I’m still trying to do my school. But what physical I’m not an office man.
I’m not talking about this, but areas, activities.
Physical work or office? It’s very limited. (Where you can often offer physical service at the beginning)
Do a professional question sheet… then you can see if that comes out of self-employed.
I am interested in mathematics, physics and also not so much for astronomy. It’s hard to find something you really like and that’s renewable.
There are two types of people who want to retire early: those who like to work in an unbelievable way and in the area where they are never to stop working with passion and passion and those who hate the concept of work so much that they never really get good to reach the necessary income, quickly investing a lot of money.
You don’t just build a company like that. If you don’t stand behind it with heart and brain, it’s just too much work. The people who can do this are fundamentally different from those who prefer not to work at all. In other words, to the entrepreneur you lack the bite.
You’ve already noticed that this is a bad idea. The likelihood that the show still exists when you’re 18 isn’t even so high, then you still have to measure yourself with 10 other candidates and then you have to answer questions correctly under pressure. For what? So you can get 32,000€ without working. Where should the other 1.5 million come from early retirement for a halfway wealthy life?
Honestly, if you don’t make a fundamental advance of development in which you change massively, then you don’t need the necessary stuff to get really rich early. It’s not supposed to be pulled down, it’s just my honest opinion.
If you want a tip, then look for work at which you deserve some levels, are flexible in terms of your working hours and have a lot of vacation. Some job at Deutsche Telekom they have something about 40 days vacation, or become a teacher in parttime. Then you’ll never really get rich, but you have the relaxed life from the beginning.
You can still build a certain prosperity with an ETF savings plan in the long term. You can also mix it. Give the first 10 years gas, invest and then reduce working time.
I don’t know if I really had the stuff to raise a company. I also like to help my father in his company, for example. To take away his work, although it is sometimes very difficult. I don’t want to work because I’m too lazy, I don’t want to work because I think life is too short to work for 40 years to get rid of a bad pension. I just want to spend as much life with my family as possible and also that my parents no longer have to work. My father, for example, is forestry master that is one of the most dangerous jobs. My father has already lost friends due to accidents at work and a few years ago his thumb had to be stiffened because a tree fell over a ton. He almost killed him. I just don’t want my father to take such a risk anymore.
That’s the least. To raise self-employment is probably the most likely to get there, but to keep personnel responsibility and a team productive are with the most difficult tasks in working life. At least in my opinion.
That sounds quite like lazy 😉 faul is just a worthy expression that is negatively occupied.
There’s nothing wrong with the life model. It’s completely fine to look for a job that leaves enough space to do other things. If you’re still claimless and you get money back, you don’t even have to worry about the pension. Biteing is such a life plan only if you are looking for the ovarian milk sow. Little work and a life in luxury is possible at most heirs or lottery winners, but most of them are those characters that will lose their money quickly.
You don’t have to take responsibility for your father. He could do something else. He knows. The question is if he wants. As TJ has correctly noticed, this may be a large part of his life.
If he didn’t get you in his 20s, he’s retired as well before you earn significantly. As I said, is not your task and you should not align your life according to the needs of other people. Your future wife conditioned and your possible children are definitely the only exception.
Very dangerous tip… so he has a life without fulfillment before himself and vegetated before himself..
If you become a millionaire, you can only come far if you have wasted a lot of life with TV shows, sports shows, celebrities, charts, gossip and other unimportant things.
I generally keep away from all this entertainment waste and read rather textbooks to collect knowledge and inspiration. In order to build fortunes, a shaving mode is helpful in which you take care of almost nothing else for a few years.
Some more basics:
Try, but don’t expect success.
I also wanted to stop working as early as possible. Didn’t work. On the contrary, you work more to chaff it but somehow only works more.
There are also many options, such as normal job, but living minimalist.
Think you can take money to the grave.
Only related to shares?
Never take risks makes it impossible to get rich. If you have no idea, you’ll be more helpful.
Like stocks.
mimimimi* – If you have no idea.- lol*
Do it. I don’t care what you think about me.
Compensate with money? Sure. That’s why I’m already a billionaire….
Unspeakable comments are a sign of weak, so it probably wanted to compensate for money. Well, I’ll just put a punch on your forehead… good day.
My comment remains. If you fail, you’re more helpful. That’s what your parents probably told you.
It’s relatively simple. If you want to stop working early live very very very very very economical with a halfway good job putting the money then you can retire with 40.
If you want to have a lot of money then you have little reasonable opportunities in particular if you want to achieve this very early. One is the self-employment the other is much much much much much much much much good luck with partly white enstrpechend high risk.
If that’s so easy it could explain this to any user as you get instantly and simply rich everyone would be rich…
Most of them are rich by heirs or by machiavellian tactics.
Take more than spend. Easy. The greater the surplus, the faster rich.
Just as useless your comment.
As unwanted as useless, your comment….
Marry rich.
Heirs.
Without wanting to look respectless to my family, I know I get a lot of things. My father’s family has a multi-family house that they rent and a house with several apartments worth several millions. But I also want to build something myself so that I can be proud of my wealth. I’d rather be able to tell my kids that you can do a lot of work than I had to do nothing.