What is the best way to build wealth?

[Anonymous]

[dynamicyandere]

S-Tier:


Find something that you love or that you can learn to love.


Then, find a way to monetize that passion.


There are endless ways that you can build a business.


Building businesses is the fastest and most lucrative way to build wealth.


The catch is that it takes a lot of various skills.


A-Tier:


If you want to become wealthy with just a single skill, then become an excellent sales professional is also a great choice.


Pair that with knowing how to be an investor and you’ll pack an even more powerful punch.


B-Tier:


Not interested in either of those?


You can pick something you enjoy doing and become very proficient.


That way, you can be making income on the higher end of the spectrum.


Then, you can set aside money to put into index funds.


This is the slowest and simplest way of building wealth, but it’s still reliable — you’ll still end as a multimillionaire if you wait enough decades.

[dynamicyandere]

If wealth is your absolute end goal and you don’t really care about other factors, business acquisition would be your highest leverage option.

You buy businesses, optimize those businesses, and sell them for 10X your initial investment. Then repeat.

This takes the most skill and a lot of starting capital though.

[Anonymous]

I’d say by reading first. If you don’t like reading, listen to audiobooks. I listen to them on audible. You’re young, you have time. Saving isn’t going to make you rich. You have to find a way to stay above the yearly inflation. Sure your job gives you a 2% raise but inflation goes up 3%, you’re still losing money. Read books. Best investment you can make in yourself right now.

[Anonymous]

It depends on what you want. Most millionaire are in their 50s. So you're going to have to work and invest money and let the compounding interest build and when you're 50 you'll be rich.

There's ways to become a millionaire in your 30s but it's not easy or every guy would be doing it. So it's going to take until you're 50.

Alternatively you can save up $300k and then retire in a low cost of living country and live like you're a millionaire in your 30s.

[Anonymous]

Get a job, be frugal, don't marry anyone who is financially selfish or irresponsible and invest wisely. Don't look for magic tricks or an easy way out. That's how you LOSE wealth!

[LiamJHayden]

Invest and create streams of passive income.

[Astarlessnightsky]

Be born into a wealthy family.

[Anonymous]

Save and invest money.