The search query “how to get rich” is entered into Yandex about 17,000 times a month. People are mainly looking for ways to get rich easily on the brink of fantasy. And because of that, they get in trouble. Some give their money to scammers, others unsuccessfully invest in trends and run out. Cashberry's collapse is still widely heard. And the bitcoin bubble burst, due to which people lost their funds.
The first thing a future millionaire needs to remember is that you can get rich quickly only on projects with an excessively high risk and a small chance of success. The “make or break” strategy in most cases will lead to irreversible negative consequences. It is also useless to expect to win the lottery. The chance of a super prize in Gosloto 6 in 49 is 0.000007151%. You should approach the matter with a cool head and understanding that the process will take more than a year.
The content of the article
A sure way to get rich
Entrepreneurship is one of the surest ways to create wealth. Unlike investments, a business can be started from scratch and in a few years reach an income of 200 to 500 thousand reais. a month. So that the business doesn't suck all the juices in a year, it's important to choose a business that is interesting to do even for free.
Well-known billionaires followed this path early in their careers. Before you became a rich man, Polonsky was engaged in the repair of premises, Prokhorov was selling jeans, Abramovich was producing children's toys. In addition to the money, these projects brought positive emotions and motivation, which became the fuel for the following businesses.
It seems that a successful person has a universal secret of big money. It's worth asking for advice, and he'll immediately share step-by-step instructions. In fact, they all give different, often opposing, points of view that are even more confusing. But there are actions that are important for any project. Planning is one of them.
Planning is the first step to wealth
First, set your financial goals. Real numbers work in business, so setting goals to “get rich” and “become a millionaire” is not productive. Here is a guide on how to create a basic financial plan:
- Write a list of the top purchases you will make in the next 5 years.
- Write down the desired cost and terms of purchase.
- Adjust your goals to make them realistic. Cross out private yachts, palaces, a personal football club or replace them with others achievable in the next 5-10 years.
- Add up the cost of all financial goals. You will receive a specific amount that you need to earn in the allotted time.
The main mistake when making a plan is unrealistic goals and deadlines. If with the current earnings of 40 million / rub. per month, the plan reached 100 million reais. for 5 years, it's just fantasy. Rethink your goals again. It is better to rewrite the plan in 2 years in case of a successful start than to be in the clouds all the time.
start earning
The main objective in starting a business is to make the first money as quickly as possible. You should not get involved in projects with “long” money, which will have to wait six months or a year. During this time, many events can happen in your life and in the world that will put the project in jeopardy.
It will be possible to think of large transactions with big checks when there is a regular inflow of profit into the business. When it comes to the survival and growth of a new project, your financial supply must be stable.
Savvy entrepreneurs not only put their earnings back into the business, they also borrow to maintain or accelerate growth. But this should be done only under the supervision of a specialist who will not allow you to make a mistake and take an unwarranted risk.
Invest money to increase income
When the business brings in a steady income, another popular way to get rich will be available. The investments helped make fortunes for many Russian billionaires. To understand how this financial instrument works, it is worth making symbolic investments in reliable stocks or currencies.
Meet successful investors. Try to find out in advance unscrupulous experts who only gain from training, being unsuccessful investors.
Don't want to understand the mechanics of the stock market or Exchange and hope to hire an effective manager? Such a decision can lead to the fact that you will trick your head. Even if the money is invested through a mutual fund, you need to understand what is happening in the market. Otherwise, these investments don't go very far from playing roulette.
Investing in bonds and their analogues
Investing in stocks is the most popular way to invest money. Tokens have become a modern analogue of shares in the cryptocurrency world – virtual tokens issued by cryptocurrency startups upon entering a public offering (ICO). It's worth investing only in the areas you understand.
In the field of cryptocurrencies, investments can increase several dozen times in a month, but this is associated with a corresponding risk of burnout. In the stock market, such fluctuations in the value of shares are rare, which makes it safer. In both markets, for the safety net, the investment goes to multiple positions at the same time. Losses on one stock can cover the growth of other securities.
Having understood how this tool works, determine the amount you are willing to allocate for investment, the timing, the percentage of acceptable risk and the desired return. Based on this data, form your investment portfolio and work to increase it.
currency investments
The latest financial crisis in Russia helped people who invested in foreign currency get rich at the right time. Those who bought and sold dollars or euros with the maximum difference managed to earn 50% of working capital in a few months.
Anticipating these moments and making a fortune out of them is an art. You need to study it from the very beginning. Buy a small amount of currency and delve into the mechanisms of the market. Even if you don't like this way of earning, you will always be aware of impending financial storms, which will help you avoid unexpected losses.
Only a professional investor can afford to trade currencies during the day. An entrepreneur has time to make only medium and long term investments. If the expected revenue seems insufficient, you should pay attention to the cryptocurrency market. The bitcoin rate has doubled since the beginning of 2022, but it could collapse at any time.
Conclusion
Move according to the planned plan and increase the number of ways to earn money. If after six months you find that the plan is no longer relevant, make the changes. Unfortunately, there is no universal instruction on how to get rich in Russia..
It may happen that your project does not take off. In that case, there is no need to despair, get depressed or try to get a loan to revive the business. In 2017, 359,000 companies started up in Russia, while 510,000 closed. Only a few achieve financial success quickly. At the same time, many of them failed more than once, but found the strength to solve problems and start over.
And that's all. Write in the comments what wealth is for you. And don't forget to subscribe to the newsletter. With it, you will always receive a selection of useful articles right away.
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