Is it Possible for Someone Like me to be Rich?

We might go through our life assuming that we will never be rich. We may perhaps think that someone form the sort of background we have will not be able to be rich or that we just will never earn enough to be rich. However, thinking this can be problematic as it could have an influence on how we live our lives. This is because we may miss opportunities or talk ourselves out of things which may actually lead to us being rich, so it is well worth believing that this could be the case. There are lots of possible ways that anyone could get rich.

Inheritance

Inheritance is a way that some people will get rich. They might inherit from grandparents, parents, their spouse or anyone else and get a significant amount of money. However, this is not someone that everyone can benefit from. Many people will not inherit money as those close to them will not have anything left to leave them or they amount they leave will not be very much. It may also happen quite late in life and they may not want to wait that long until they get rich.

Gambling Win

There are many people that gamble, perhaps most commonly on the lottery, and hope that they will win and get a big enough prize to make them rich. However, the chances of winning a prize on a lottery is very small. This means that you could end up paying out a lot of money and having very little in return for what you are paying out. This is a big risk and you could find that you spend lots of money through your lifetime and get very little back from it.

Hard Work and High Earning

This is the most likely way that most people will get rich. By making sure that you are always working hard and earning as much as you can. This is not easy of course, it could be stressful and could mean that you will have to sacrifice other things as a result. You may need to work more than the standard working hours and perhaps give up your evenings and weekends. However, you will have a better chance of building up some money and becoming rich.

Being Frugal and Saving Well

However, if you spend all of the money that you have earned then you will end up no richer. Therefore, you will also need to be frugal and spend as little as you can. You will need to put as much money as you can into a savings account and you will therefore have a better chance of accumulating more money. Of course, if you can earn more as above and spend very little, you will be able to get a larger amount of money.

It is worth though, thinking about what you mean by rich. Is it worth working hard and not spending much money in order to have a big sum of money? Maybe if you are aiming for financial freedom, where your money will be earning enough interest to pay you a significant income. This is perhaps what some people manage in retirement by paying into a pension fund for their whole working life and perhaps this would be a good option. Maybe you need to think about whether it is worth it or whether your idea of rich is actually having a happy life and you assume that money can buy that happiness. However, if you have to work this hard to get the money, perhaps it is better to just enjoy what you have now.

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