Lets first of all of say there really are no ways to get rich “fast”. Sure some people will appear as they got rich overnight, but their thought process probably started years ago. However, there are ways to get rich relatively fast (a few years), and we’ll give some examples. Note that getting rich in any manner will entail extremely hard work, and a bit of luck, but as they say, they harder you work the luckier you get.
Talents:
The number one way to get rich fast is to follow your talents. If you are extremely talented in a particular area you will become rich extremely fast. Justin Bieber started singing as a teenager and realized that he could probably be one of the most talented singers in the world. Nowadays he’s rich, because he focused on that talent. It happened pretty quickly as well, maybe 5 or so years to make $200 million. Not a bad turnout, at all.
The message here is that you need to find out what you are good at as soon as possible, and keep building upon that skillset. The reason this is the number one option is because it will be easiest (still not easy). The difficult part is developing until you are amazing at the talent (this can be singing, a sport, acting, you name it)
Business. Your Own Business:
We’re not talking about working on Wall Street folks. If you start a business there is definitely opportunity to get rich fast. This goes along with talents, but it would really help anyone with other unique talents to start a business, because the income is passive, meaning you can be on the beach and cash is still coming in. Building a business is still a talent, but not in the same way that having a truly exceptional talent say in football is, because you can build a business around so many industries and it’s less unique to your god given talents. (You can learn the skill, it’s much tougher to change your genes to be perfect for professional soccer)
Building a business involves risk and that risk should be taken seriously, but there is no gain without risk, and a business provides you with the best opportunity to become wealthy. For example, an average business will still make its owner millions over the years, while no “normal” careers will make you a million in one year.
Speculation:
Lastly, there will be a lot of risk adverse people that say differently, but speculation truly can make you rich, its just risky long term, and not something that should be relied on alone. Lets take bitcoin for example. Just 5 years ago, one bitcoin was worth around a few dollars. Now, one bitcoin is worth over $10,000. Read that again. I know people who are now millionaires simply because they decided to buy a couple bitcoins, just five years ago. Now, there are a lot of people that bought into bitcoin competitors and made nothing. Thus the reason it is speculation.
I don’t recommend speculating with all your money, because again keep in mind there is a real opportunity for you to lose al of your money, which is not great.
I have a small percentage of my savings in a separate speculation account, so that Ill never lose more than I should. This is key to a speculation strategy.
To summarize, if you are the best in the world at a unique talent, then go for it because it is the easiest way to get rich. If not, your best bet is to start a business, and maybe work in a solid career while doing that.
If you’re really looking to get rich, I recommend the following books as the golden standard. Read on and I’ll see you at the top!
How to Get Rich: One of the World’s Greatest Entrepreneurs Shares His Secrets