The 5 Fastest Ways To Become Rich, According To Expert
1. Pay Down Debt Or Avoid Itself
Nobody ever gets rich by being in debt. If you are interested in building your wealth, the first thing you need to do is to work your way out of debt
2. Spend Thinkfully and Minimize Cost
If you want to become rich, it’s important to minimize your costs and be more intentional with your spending.
"If you buy things you do not need, soon you will have to sell things you need.”
Warren Buffett - chairman and CEO of Berkshire Hathaway
3. Invest as Much as Possible in a Diversified Portfolio
Diversification ensures that by not "putting all your eggs in one basket," you will not be creating an unwanted risk to your capital
4. Work On Your Career
There is no substitute for higher income. But, it is possible for you to move up the corporate ladder, that can be a powerful way to become rich
5. Find Extra Work
The idea of a side hustle is nothing new, but if you have some extra time and you can pick up some extra work for a few hours a week, that can be a powerful way to increase your income.