8 Proven Ways To Become Rich
Place your cursor over the double-underlined links to get details on special deals and services related to the topic. All information provided by Kontera.comEveryone wants to become rich or at the very least, live a life without financial worries. We dream of having lots of money so we can buy all the things we need and most specially, all the things we want. We want to be rich so we can help our family and relatives. If we’re rich, we’ll not have second thoughts of lending money to friends who need it. Being rich also means having the ability to become more charitable to the less fortunate.
If becoming rich is our destination, then we must first learn how to get there. We should have a map that we can follow and prepare ourselves adequately for the journey. There are many roads that lead to the finish line and there are many ways to tread these paths. I advise you to choose wisely, travel safe and enjoy the trip.
1. Win the lottery
This is perhaps the fastest but the most difficult way to become rich. Why the most difficult? Because you don’t have any control over your destiny. Although you can find ways to increase your chances of winning, this path to fortune is almost impossible to achieve. No harm in trying though, just be sure that you use part of your entertainment budget to play.
2. Inherit a fortune
This one’s almost as difficult to achieve as winning the lottery. Simply because not many of us have the prerequisite to walk this path - a dying rich relative. Moreover, after seeing how dramatic these situations can become in movies and soap operas, I’d rather conserve my time and energy to other ways of becoming rich. It’s better to simply hope but not expect.
3. Marry someone rich
Unfortunately, some Filipina women consider this path as their only hope of becoming rich. They’d spend much of their time chatting online and logging on to dating websites just to find themselves a rich husband. Call me a hopeless romantic, but I still believe that one should marry for love and not for the money. Don’t gamble with your happiness and find your true ever after.
4. Work your way up the corporate ladder
My father found success in this path and I honor him for doing so. For more than 30 years, he went to the office and worked relentlessly for us, his family. For most young urban professionals, this will also be their destiny. I salute them for having the patience and industry to excel in the corporate world. This is a good way to become rich but it does require patience, hardwork and continuous motivation.
5. Establish a professional career
This is how doctors, lawyers, probloggers, interior designers and many others become rich. Discover your passion, unlock your talents, hone your skills and market yourself. Be an actor, be a sports celebrity or be a leading expert in your field. This is the road of the self-employed. Get paid for doing what you love. Continuously improve yourself, network like crazy, specialize and build your reputation.
6. Work, save and live frugally
The reality of the corporate world is that positions are often limited and promotions are unpredictable and tainted with office politics. Moreover, not everyone is cut out to become a highly-paid professional. So what chance do you have in becoming rich as an ordinary person? The answer is to become The Millionaire Next Door.
In this best-selling book by Thomas J. Stanley and William D. Danko, it’s stated that a large percentage of America’s millionaires share seven basic traits which contributed to their extraordinary accumulation of wealth. These are:
- They live well below their means.
- They allocate their time, energy, and money efficiently, in ways conducive to building wealth.
- They believe that financial independence is more important than displaying high social status.
- Their parents did not provide economic outpatient care.
- Their adult children are economically self-sufficient.
- They are proficient in targeting market opportunities.
- They chose the right occupation.
7. Be an entrepreneur and start a business
This is the path that I’ve chosen. My reason for taking this road is simple - passive income. By building a successful self-sustaining business, I’ve come to enjoy more time freedom to do the things I want. Moreover, I believe that entrepreneurship gives the most value to my life because I know I’m helping others by creating jobs and providing opportunities. If you think that you have the focus, determination and discipline to succeed in this path, then don’t hesitate and take the risk.
8. Invest in financial instruments and businesses
A friend of mine became acquainted with the Philippine Stock Market during the turn of the millennium. After almost eight years, he has already quit his day job, bought a house and now lives as a full-time trader and part-time venture capitalist. He is well on his way to becoming rich and financially free. Like the path of entrepreneurship, it takes focus, determination and discipline to succeed. If you’re willing to learn and have a high tolerance for risks, then I suggest you consider exploring this path.
I guess that’s it. My eight proven (and legal) ways of becoming rich. 
Which paths are you currently on?
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Hi, my name is Fitz and this is my blog on personal finance.
Nice informative post! I wish I could find that new book. More power to you Fitz! (and wealth ofcourse!)haha
I think #1-3 are just for entertainment purpose only. #4 is hardly practical in this age of investor-driven corporate downsizing mania. The only practical onces are #5-8.
hmmmm, i’m on #7 (Be an Entrepreneur and Start a Business ), hehehe. maybe I could try my luck on that path.
Hi Fitz,
I’ve been reading your blog. Nice post again.
The thing is not all people are cut to be an entrepreneur or in a 8-5 work. I guess it depends on your passion and risk tolerance.
I’m doing 4 at the moment but I’m starting to get bored. 6 is a must. I’m also into 7 and 8 but it’s not easy.
Thanks.
@Lee Angelo
Thanks, more power and wealth to you too!
@Pinyo
I agree, numbers 5 to 8 are the most sensible ones. Thanks for taking the time to comment.
@Gusher
I have no doubt you’ll succeed as an entrepreneur. Best wishes and thanks for always reading my posts.
@Red
Yes, working in the corporate world can get boring specially if it stops to be challenging. That’s why it’s important to discover our passion and learn how to earn from it. As they say, find a job that you love and you’ll never have to work a day in your life. As for entrepreneurship and investing, just be patient, it actually gets easier in time.
Hi Fritz,
Nice blogsite. I’m a Filipino and I am also on my path to Financial freedom. I was interested in your site but this specific post you did. I have read it in a book and is not really your idea? Right? Because either he copied you or you copied him. And that is not legal
Hi Zernan,
The general idea of this post has been discussed and written by numerous bloggers and financial advisers before me. Searching Google for the phrase “ways to become rich” will give you several of them.
I think nobody can really claim ownership on such topics. Moreover, I believe what’s important is that I’ve given my own thoughts on this subject and provided original content. The words were neither copied nor paraphrased from an existing article.
Furthermore, a reference to the book, The Millionaire Next Door, was properly given before I stated some of the bullet-point facts given.
I hope I was able to clear this little misunderstanding. Thank you for pointing out this observation because I’m afraid others must have thought the same way and by leaving a comment, I was able to clarify this matter not only to you but to others as well.
I guess that’s it.
I wish you all the best in your path to financial freedom.
I’m currently busy with #5,6,7. I sometimes try my luck with #1 but I’m willing to try #3 anytime.
Great article.
4. Work your way up the corporate ladder
- This is not any fun, the corporate world has too many difficult people
5. Establish a professional career
- This is a good idea, but it will only get you out of poverty
6. Work, save and live frugally
- This is a slow process … but needs to be done
7. Be an entrepreneur and start a business
- This is my favorate and the only way to truely pay yourself first
8. Invest in financial instruments and businesses
- I tried this, but lost as much as I made
Here is another one….
9. Build a network of successful people, then leverage them in finding a good job, investments, and partner with you to start a business. I have a cousin that became very successful just because of who he knew.
I heard of that one just a few days ago. Robert Kiyosaki’s suggestion….Leverage….One more thing if you use number six. Just remember no one likes cheap rich people. I think 7, 8 & 9 are good ideas.
ZernanV
If you’ve read Rich Dad Poor Dad, the leason you should have got from that is that you can get rich from working for someone else, as long as you “Mind your own business” - by this, Robert Kiyosaki means, have a business that you run alongside your day job. In his case it’s his property investments.
Agreed. I’m going that way. For me its savings, got small investment in supplement industry and of course blogging and surveys. For starters that what I am doing.
ZernanV
@gladita
Good luck to us.
Likewise, I try my luck on the lottery once in a while.
@Curt
Thanks for the great addition. Leveraging on a social network of successful people is indeed a viable way to become rich. It’s important that you make yourself trustworthy and reliable if you intend to choose this path.
@Zernan
It’s a good start for you. Congrats on your new blog!
@Tristan
Yes, I’ve read Rich Dad Poor Dad several years ago and found it very enlightening. Putting up a business that you can run alongside your day job was how I actually started. Now I’m out of the corporate world, thanks to a successful business, and is currently busy with investing.
Some interesting idea… lottery, marrying someone rich… gee, should i give it a try? hahaa…
@Bernard
Why not?