There is a simple formula for getting rich. But first you need to know the three kinds of income. The first is earned income, which is monthly cashflow from a job from your investments. the second type of income is portfolio income which is from stocks, bonds, mutual funds, etc. This is in the form of capital gains. The third and final type of income is passive income which is the income you receive from rental properies, covered calls, royalties, etc.
How you get rich through this process takes a lot of education, but this is the quickest way to become financially free.
First you need a good professional education, preferrably a degree from a college. Keep in mind the cost of going to a college, because you don't want an enormous amount of college debt. I have a friend who will graduate with school loans the size of a home mortgage. Try to get out of college with as little school loans as possible.
With the Cashflow (total income minus total expenes) you receive from this job you will should put your money in a stock trading account. Make sure you take a course or two on how to trade stocks. Trust me, it will greatly decrease the risk you take on, as well as maximize your capital gains. Done properly trading can multiply your money extremely quickly. I know people who have turned $30,000 into $150,000 in about a year.
With the capital gains you receive from trading stocks, you will then invest in things that can give you passive income such as real estate investments, and covered calls.
With your job continuing to put money in this triad of wealth builders, you should become wealthy in no time, as long as you have th discipline of cashflow management.
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