How Do People Become Wealthy?

When you think of certain wealth and you try to wrap your head around it, it feels like it’s almost impossible to attain some certain wealth unless you get yourself mixed up with some certain group of people. Some people were born into wealth, grew up in wealth, and learnt how to create wealth because it became a lifestyle for them. Imagine growing up in a wealthy family that has a lot of financial influence, except you chose not to be wealthy, it’s almost impossible not to be wealthy. You get access to money, information, network and all the tools required to create wealth. And the best part of this is that you end up inheriting the wealth, which makes your life far easier to create more wealth.

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If you want to be wealthy, there are three ways to do that, that is putting aside the opportunity of inheriting it. To become wealthy, you have navigate yourself to power, this is not easy because you are coming from nothing, this means you have to tolerate and do things you won’t be proud of. So you either get yourself in power or be protected by those in power to create monopolies. This is why lots of business are thriving, they kind of created monopolies all thanks with the help from the powerful people who helped bully other competitors from coming to compete with them.

Another way to create wealth is to look for a problem, create the solution and make it sustainable and profitable for the large market. We can see an example from Microsoft, Apple, Amazon and other innovations that made their founders massive wealth. When people patronize your business or your creation at a larger capacity and you are able to create some sort of sustainable way to keep delivering the products and services, then wealth is inevitable. People will keep patronize and when the demand is high, this means more people want what you are offering and they are willing to pay for it. Then, there comes your wealth.

The next type of people that create wealth are the people who are smart enough to understand economic cycles and take advantage. These people don’t need to be in power or create a product to sell, they are the top risk takers that when they see an economic cycle taking advantage is the only option they have to create wealth. Like in the stock and in crypto, lots of people have short and long the market into creating wealth, mind you if it goes south they lose their money. Take a look at people who invested in bitcoin or rather crypto generally in the early days and held till their assets is worth hundreds of millions of dollars.

Posted Using InLeo Alpha