I think these should become more regular, but I’ve been doing a lot of reading/interviews/research on this one. The book I found most helpful was: The Ten Roads to Riches: The Way The Wealthy Got There And How You Can Too. These are pretty much the only ways people become millionaires:
- Start your own business
- Become CEO of an existing successful company
- Hitch to someone you believe will be really successful and make you rich in the process
- Become a celebrity and turn it into wealth
- Marry Rich
- “Steal It”- meaning sue someone I think
- Use other people’s money to make more money
- Invest in future revenue streams
- Make money through land
- Save a lot of money
I thought it was a decently exhaustive list. I didn’t really even understand a few of them but you can pick up the book if you want. It’s a…weird read. The guy has a writing style all his own I must say. Anyway, for various reasons I pretty much narrowed it down to start your own business. The other ones seemed more complicated. I feel like I have to make money somewhere, and I can either start through a job which I have savings and then invest it wisely and well, or take a chance and start your own thing. For various reasons, I didn’t really consider the other options (although they are pretty good ones).
I did give this a lot of thought, and to me, right now, I feel like I need to take the chance and start another thing. Mostly because a) it’s the only thing I know b) I’ve already made so many mistakes it HAS to be better the second time around and c) that seems the most interesting. I also figure I’m still decently young, few responsibilities, and that’s not going to be the situation forever. May as well try this now.
So now I know the how. Next post I want to get down to the nitty gritty of the mechanics of this.