Oh, how nice it would be to be Rich! Hardly anyone would argue: being rich sounds great, right?
We clarify the most important questions and explain how to become really rich.
Rich Lifestyle :
Would you like to get rich? Only a few respond to this question with “no” – after all, a lot of money can fulfill a lot of wishes and give us a lot of freedom. But how do you get really rich – maybe even a millionaire ? And does it have disadvantages when you become really wealthy?
Wealth – what is it?
Sure, you’re rich when you have a lot of money – but is that also more specific? From what amount is this the case? And can I feel rich myself if I have less?
First of all , there is no official figure that defines wealth .
According to the Federal Statistical Office, it is officially considered rich to earn more than double to triple the average income , but that also varies from state to state.
A rough guide: Who earns more than 4,000 euros net, can feel quite wealthy.
In addition, there is a difference between income and wealth :
you can be rich if you have high monthly income, or if you have a lot on the high edge (usually the one the other).
The nice thing is: Since there is no fixed definition, you can decide for yourself from which moment you are rich – you do not have to be a millionaire for it.
There is a nice quote on the subject: “You can become Rich by having more than you need – or by using less than you have”.
Say: Who screwed down his claims, can feel very Rich very quickly .
Explanation: In the following we mean with “wealth” but financial assets, so the “classical” meaning.
How you can get rich
The good news: becoming rich is easy .
The bad news: becoming rich is not easy.
Because even if the individual steps of wealth creation are very simple, only very few people really rich, because discipline and perseverance are necessary, as many self-made millionaires can confirm.
You become Rich by making a lot of money and spending a lot – and by being patient. If you want to become wealthy, you have to think long term and see the goal in the distance.
The interest-rate effect ensures that your accumulation of assets from savings rate to savings rate progresses faster and faster.
It does help if you make a lot of money, but also ordinary people with low or average income can get rich if they live economically and put aside money , for example with a savings plan.
The trick: You save money in everyday life and prefer to invest it in such a way that it multiplies – for example, in stocks, bonds or in real estate that you rent.
That’s the difference between spending and investment . It’s not so much about the right investment strategies, but more about starting as early as possible and sticking to them for a long time.
A tip: It is also helpful to build up several income streams.
Thus, a part-time job can be a second income stream, but also passive income, such as rental income or dividend payments from the stock market, helps to build assets.
The more part-time jobs or income streams you have, the more money you can get back into good returns if you invest it in stocks,
for example (if you want to invest in high-risk forms of investment: whoever wants to get rich fast often gets poor fast!) ,
Tip: Keep on training, for example with distance learning or online courses.
This opens up new possibilities for you in life and the next step on the career ladder will not be long in coming.
Incidentally, experts recommend saving 50 percent of any salary increase immediately.
So the increase “felt” smaller, but your fortune increases as if by magic.
The fast way to wealth
Yes, hard work and disciplined economy will make you rich, that’s nice and good – but is not there a shortcut? Yes, of course! As always in life, there are a few quick and easy ways.
You can, for example, win the lottery or inherit a lot of money . Or you overrun a bank or tricks on the tax return – which we can not recommend because it is forbidden and immoral.
Besides these possibilities, there is only one thing left for you to do: earn more money, spend less money – that is the only way to achieve long-term capital formation.
If you encounter tips and tricks on the Internet or in other ways that promise you ” guaranteed fast prosperity ” (preferably without any hassle), you should always be careful.
Such offers usually only make one rich – the one behind it.
Get rich – the dark side
To be rich and to be able to fulfill all his wishes sounds like a dream – but financial prosperity also has its downsides .
First of all, many people who have become wealthy realize that there is something in the phrase :
“money alone does not make you happy” –
Just because you can afford everything, you certainly do not enjoy life anymore .
In addition, many Rich people lack goals in life. They worked for years building their fortunes and then realized that they feel empty when they sit in their golden cages.
Anyone who lives only for his money must always be afraid that he is surrounded by envy and wrong friends. Nobody should believe that a lot of money makes life more live able.
The royal class of wealth is financial freedom :
those who are financially free have “taken care” in the classical sense and can live on their savings or their invested money.
Financially free people no longer have to work for money, but can do what they want.
You want to know how much money you need to be financially free ?
You can calculate that quite simply :
Count together how much money you really need in the month and take the number of times 12.
For how many years do you want to be free? Multiply your result by about 20, if you want to know how much money you need for the next 20 years.
Expect it for fun – the sum is lower than you initially think.