Get rich: 9 tips millionaires already know

how to get rich Countless people are looking for an answer to this question. Money fascinates and money promises a lot. The description of a perfect life almost always mentions wealth as an important factor. Getting rich is a goal in life, a motivation to give it your all, to give it your all, to endure stress and struggle. All of this should pay off and show on the account. But how can this work when reality shows that very few get rich? If it were easy, everyone would eventually get rich and make millions. Getting rich is difficult – but not impossible…

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Getting rich: Money rules the world

“Money isn’t everything” and “Money alone doesn’t make you happy” – but that’s exactly what everyone wants anyway: money, money and even more money. Almost everyone secretly or openly dreams of becoming rich. Some work until they drop, work overtime and want the best-paying job. Others rely on luck and play the lottery every week to win millions (despite the tiny chance of 1 in 140 million.

Just imagining how much people can earn is astounding and incredulous. Soccer players like Cristiano Ronaldo make tens of millions a year. But even that is no comparison to the richest people in the world. Elon Musk’s fortune is estimated at around 274 billion dollars, Amazon founder Jeff Bezos comes to almost 200 billion dollars.

How rich are the richest people?

Unimaginable sums. In relation: With a good salary of 100,000 euros a year – which is far above the average salary in Germany – you would have to save every cent for two million years to get to 200 billion.

Even if you get 100,000 euros every day , it would take you almost 5,500 years to accumulate a fortune of 200 billion euros. But only if you have no expenses.

Can anyone get rich?

Everyone wants to get rich, but is it possible for everyone? The good news: basically yes! Even with an average income, with the right discipline and over a reasonable period of time, you can build wealth. It’s not easy though – the higher the earnings, the easier it is to build wealth.

Experts advise starting with small amounts. 20, 25 or 50 euros a month may not feel like much at first. Getting rich – you probably imagine it differently. But over the years and decades, the sums grow. Interest and compound interest have a stronger effect with each passing year.

Getting Rich: Expectations of Wealth

Hardly anyone is under the illusion of becoming so rich. What are you supposed to do with all that money if it’s so much that there’s not enough time to spend it in one lifetime? But it doesn’t have to be tens of millions or even billions. Wealth, even in financial terms, can mean something different to everyone.

But getting rich also has some similarities . Everyone expects something from having lots of money. There are some classics that almost always apply:

No more financial worries Financial security is the number one reason for wanting to get rich. No longer having to turn over every euro twice, no longer looking forward to the end of the month with worry lines and no longer having to keep an eye on the price tag when shopping. Turning your back on money worries forever is probably the biggest motivation for getting rich.
Being able to realize wishes and dreamsThe long-awaited dream trip around the world, a new car, a house for the family or many other things for which the money has never been enough. Becoming rich means finally being able to afford everything you could only ever dream of. With the necessary change nothing stands in the way of dreams and wishes.
Improve status, reputation and recognition For many people, money brings social recognition and a better reputation . The connection is not always clear, but getting rich is still associated with recognition .

In short , getting rich promises a better life, which is why it’s understandable that so many people strive for it.

how to get rich

The hard truth: There is no silver bullet to get rich. If it were that easy, everyone would eventually make a fortune. But many offers promise exactly that: get rich quick, without much work, the money will come by itself… The rule here is: keep your hands off it. In the end, only one person gets rich – the provider who exploits the hope or desperation of other people and fills their own pockets.

Getting rich is difficult, but not impossible. Especially if you don’t want to earn tens of millions right away, but think more realistically and frugally, the chances are not bad that you will earn and save enough money to fill your account. These tips will help:

Think long term You won’t get rich overnight unless you’re actually the one in a million to win the lottery. Otherwise, getting rich succeeds above all through one quality: Patience . No matter which path to more money you choose, they all take time, usually many years, and your wealth will not usually make huge leaps, but will develop slowly.
Reduce your costs The first thought about getting rich is: Make more money. However, it promises just as much success if you reduce your costs and thus save money every month. Shop cheaper, save electricity, maybe even move to a cheaper apartment, leave the car at home more often and instead take the bike or walk . Even small savings quickly add up to many thousands of euros in the long run.
Don’t leave your finances to chance If you want to get rich, you have to take a hard look at your financial situation. This is not a pleasant and not always an exciting task, but it is absolutely necessary. How much do you earn? What are your running costs? What’s left at the end of the month? What do you spend the most money on? Are there loans or other expenses that decrease over time? A detailed household book can be the best solution and a real silver bullet. Only with a complete overview of your finances can you work towards getting rich. The following applies: Start as early as possible. Getting rich takes time. Do not procrastinate on your finances, but take care of them immediately. If you only start in your mid-40s, you’re missing a good 20 years that you could have used.
Invest your money You won’t get rich just by putting money on the high edge. You have to let it work for you – not in your stocking at home or parked in a savings account with no interest to speak of. Stocks are a popular investment that can pay off over the long term if risk is managed properly. The following applies: Never put everything on one card, but look for a broad, secure package of shares. Broadly diversified ETFs are well suited. Other forms of investment bring additional diversification. Real estate is popular and a suitable means of getting rich. However, these require a higher starting capital or the willingness to take out a loan first. If in doubt, advice from an expert is recommended in order to develop a suitable investment strategy.
Invest in yourself You become rich through your personal achievements, successes and skills. If you are good at what you do, you get more money for it. As you develop your skills, you become a valuable employee and can become a sought-after expert in your field. The more you invest in yourself, the more chance you have of getting rich.It’s not just about financial investments , but especially about time. Take the time for further education and training . Use your free time to deal with important topics and deepen your knowledge. You are your greatest asset – learn to use it.
Build up several pillars A secure job with a good income is important and the first step if you want to get rich. Even better, additional income by receiving money from different sources. This can be a second job that you accept or self -employment that you pursue alongside your job.The extra effort doesn’t come easy , but if you want more than everyone else, you have to be willing to do more than everyone else.
Don’t be satisfied Gratitude is important, but you will only get rich if you are not satisfied with what you have already achieved. You can come to terms with your salary, accept that it will hardly increase for the next 10 or even 20 years – or you keep your ambition even if you already earn well and want to go even higher.
Do what is necessary That sounds very vague, but it is a serious tip to get rich. Of course, this does not mean that you should rob a bank or look for a rich partner. But you must recognize what is necessary on your way to becoming rich. This can mean that you have to change the center of your life in order to be able to use your talents where they are really needed. Changing jobs may also be necessary in order to move up the career ladder and achieve a salary increase with each change . This may not be easy and will take effort, but it brings you closer to your goal.
Give 120 percent at work Aside from winning the lottery or becoming a superstar , the best way to get rich is no real secret: work hard, do your best job, and get paid well for it. You almost always lay the foundation for wealth through your work.

Get rich quick?

The tips also show that if you want to get rich as quickly as possible, you are primarily dependent on your luck . Great fortune doesn’t come overnight unless you win at gambling. Investments are an alternative to get rich quick, but the following applies here: only if you take an enormous risk can the capital be increased quickly – or even lost completely.

Get rich in 10 years

A period of at least ten years is more realistic. If you save regularly during this period, invest your money, benefit from price gains, dividends and the compound interest effect, you can already build up a considerable sum.

If you invest 400 euros every month , after 10 years you will already have more than 60,000 euros at an assumed annual interest rate of 5 percent. If the period is extended to 20 years, the assets are already almost 160,000 euros, although you have only paid in 96,000 euros. Interest makes up the rest.

Getting rich young: When will the money come?

Unfortunately, many people spend their whole lives chasing after the dream of becoming rich without success. But if you make it and become a millionaire, you should bring a little patience. An American study shows that very few become rich from young people. Most of them only make it (if at all) towards the end of their working life.

The results of the study summarized:

The average female millionaire reaches this status at the age of 58.5.
The average US millionaire becomes so at the age of 59.3.
On average, both men and women managed to do this by investing 20 percent of their income with almost 80 percent in stocks.

In addition to age, the study reveals another aspect: most people become rich by courageously and consistently cutting back on consumption. It’s not a one-off deal worth millions, but years of work and the willingness to invest a fifth of your income instead of spending it immediately.

Get rich: These are the people you should surround yourself with

It may be your personal goal to get rich, but the road becomes all the more rocky if you want to walk it completely alone. It promises more success if you surround yourself with the right people who stand by your side, offer help and orientation or even correct you once in a while. These are particularly desirable:

friends And true friends that you can always rely on and trust blindly . These fulfill several important functions at the same time: On the one hand, they help you to stay grounded and to realize that money is not everything. At the same time they offer a good balance to the stressful and exhausting everyday life. Last but not least, it’s the people you can really trust when you really get rich – because at the latest then a lot of apparent friends suddenly appear.
Motivation Giving up is the easiest way, but it also guarantees that the riches won’t work out. In order for you to persevere, you need motivators who drive you on, give you courage and help you to stay on the ball. These can be companions who share your goal or friends and family members who support you again and again.
mentors In many situations it is extremely helpful when someone gives good advice. A mentor on your way to great fortune can be just that person. He is an adviser, coach and critic in personal union and is available to answer any questions or problems with words and deeds.
role models Finally, you should look for role models , people who have already made it and whom you want to emulate. You should not copy, steal ideas or try to follow in their footsteps . Rather, you should learn from your role models, benefit from their experiences, avoid mistakes they have made and be inspired.

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Get rich: 9 tips millionaires already know