There are only 6 ways to get rich...
Did that get your attention? It got mine.
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I found an article on MSN right now called, "The 10 Golden Rules of Becoming a Millionaire." This is not an article about buying a house 30 years ago, paying it off and having a net worth of $1M. In today's world, especially in California, most anyone can do that...and $1M isn't what it used to be; however, the advice is sold.
The only ways to get rich:
- Marry money.
- Inherit money.
- Exploit a unique talent.
- Get exceedingly lucky.
- Own or lead a successful business.
- Spend less than you make and invest your savings wisely over long periods of time.
The most likely for most people are the last 2...and most most likely is #6. You can try to do all the first 5, but if #6 is implemented, you can expect to become a millionaire. Sure, you have to actually put your money to use, not just leave it in a savings account, but if you actually put your money into something like the American S&P 500 fund and just did that alone, in 30 years, all your savings will have added up along with compound interest to become $1M, as long as you did save consistently, based on returns they've had in the past. Of course, I don't give financial advice. If I did, I'd say, "Give me all your money because you're going to lose it doing whatever I say anyway" and that may be some of the best advice I could give...you know...as one friend to another...
However, in this case, I'm not giving financial advice. MSN is. And I think it's good advice! I have written similar posts lately because I think recognizing the ability to spend less than you make will make all of us Hivians filthy rich 🤑
We are in a community and sphere where hodl is literally a war cry! Who better than all of us to eagerly "Stake" our LEO, POB, BXT, or whatever you want to stake to earn the greatest rewards? I would venture to guess right now that if we continuously build Hive to what it could become, and we continue to invest in it for 30 years (though I probably won't be around), there is a great chance just your crypto holdings alone will be worth $1M...inflation adjusted, of course ;)
I say give me Leo or give me death! Ok...maybe not so dramatic...
Where do you see yourself using the 6 steps above to get rich? Have you read my other posts to see how else you can increase your chances of a groovy retirement filled with margaritas and sand in your toes...if you're into that kind of thing 🧜♀️🏄🏖️