How To Become Rich Fast?

India is home to many middle-class and poor families, with me being one of them. And once you realize the vastness of money, you want to get rich fast.

Hence, you go on the Internet and search for quick online money, get rich quickly, and do many such variations. And you will find many such opportunities online. Also, such schemes are available offline in the posters and advertisements.

But here comes the punchline. This quick rich scheme only makes the person who is running such schemes rich because all of these are scams.

Sure, there are ways to become rich fast, but mostly those are luck-based. For example, you won a lottery, or you found an ancient treasure in your property. And the fact about luck is that - it’s 1 in a million. You aren’t going to be lucky.

So, getting rich quickly is out of the window. What are the next best things to become rich?

Profitable Niches or Skills

‘Find a skill that is highly in demand. If you put energy into the skills that everyone can do, then you will earn the average. For example, if you focus on hard labour, then it’s something everyone does. So there is no leverage - you earn what is the average.

But in today’s time, if you understand crypto, AI or machine learning, raising funds, and events hosting, then you are someone who is rare. Excel in these skills, and you will end up with a good paycheck.

Invest Your Money

A simple, boring investment plan works for the long term. Invest in either index funds or government bonds over the long term, and you will retire rich. Many people have done this for a long time.

What doesn’t work is trading because ordinary people can’t trade, and they end up losing their hard-earned money.

Don’t time the market. Let the professionals do what they do best - you invest for the long term and be happy.

Find Your Luck

In this internet world, there are many ways to become rich which weren’t available earlier. You can become a YouTuber or influencer or write your own book or connect with anyone, and they will respond.

The sky’s the limit. You have to give it a shot, not because you will succeed a hundred per cent. But now you have that opportunity, so make it make sense.

Earlier, if you wanted to become an actor, you had to rely on Bollywood to give you a break - now you can go and make your own movie on YouTube.

Try everything for 100 days, improve and then find your luck, create your luck and be successful.

What’s Your Rich?

Eventually, what’s your definition of rich? If you don’t have a number, then you will keep on chasing the money all your life, and it will be miserable. Know your numbers, and you will reach them sooner rather than later.

Maybe you don’t want a business trip every year, maybe you want to travel only to Asian countries, or maybe you want to find peace in the mountains and solace.

What do you want and how much rich you need to be - that’s the first thing to explore.