How to accumulate primary wealth, see which method suits you the best.

Shri333

Today, I want to discuss the topic of accumulating wealth from the perspective of basic principles. Many financial bloggers tend to target a more affluent audience when sharing wealth accumulation methods. I find these bloggers' articles hardly worth reading because their wealth-building methods are primarily geared towards high-income individuals. Ordinary people often find these methods inaccessible due to high entry barriers.

First of all, it doesn't matter what profession you're in. Whether you're a restaurant server, a food delivery driver, a factory worker, or an employee in a corporation, or even running a small business, you need to understand your position and how you earn money.

The first method involves earning money through physical labor and time. For example, if you're a food delivery driver, you earn money for each delivery you make. If you don't deliver, you don't earn money. Similarly, if you work in a factory, you get paid for the hours you work. If you don't work, you don't earn. This group essentially trades time and physical effort for income. Accumulating wealth in this category can be challenging because you only earn when you're actively working. Your income stops when you stop working.

The second method involves earning money based on time, but it falls into the category of the capitalist class, which might be distant from most of us. Let me briefly touch upon this – for instance, if you own five storefront properties, you can earn money by renting them out. You rent the properties, and the income flows in when the lease term is met.

The third method is closely related to us – it's about using money to make money. This method includes investments and financial management. This is where you put capital at risk to potentially earn more money. Gambling, stock trading, buying lottery tickets, and playing mahjong fall under the umbrella of investments and financial management. You invest your initial capital based on your unique insights and aim to make more money. This can be riskier and more thrilling, and it might lead to overnight wealth or significant losses.

In summary, these are the three basic methods for accumulating wealth. Consider which one suits you best.

977Iti

This method is really worth mastering and is quite good.

Iti9

A very insightful perspective, thanks for sharing.

Jiten171

Money is never enough, so if you have the time and energy, go ahead and make more money.

Ritu13

Certainly, accumulating primary wealth through gambling is not possible for most people, unless you are a born gambler.