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sdarji | 3 years ago

I'll assume you're taking off the table some of the classic ways to obtain wealth: 1) getting someone give it you, including by birth or inheritance or valuable rights conferred by some powerful entity, 2) taking it from someone, 3) getting someone to agree that something you already own is worth a lot of money and cashing out before they change their mind, 4) saving and investing over a very long time, and 5) participating in creating and building something that didn't exist and that other people find valuable and want to pay for, usually after convincing people to invest in your idea and taking a lot of risk to build it.

If all of those are off the table, this is a guaranteed way to get rich over the medium term: 1) earn a degree from a prestigious university or college in something very hard, typically math, computer science, or math economics (you will typically need at least some masters work on your CV), 2) have or develop a personality that can get you into a trading operation or ancillary field, 3) go work there, 4) don't spend money in anything but rent, groceries, gym, family, healthcare, etc., and 5) if you are good at your job you will have earned enough money in 10 years to never have to work again if you maintain a "quietly affluent" lifestyle. Unfortunately, there is a certain aspect of natural talent in this career (how your brain is already wired). My friend's son followed this path at a "Public Ivy" institution and in his mid-20s he was turning down $300-450,000 per year offers (salary plus base case bonus) to work at hedge funds in order to finish his masters and be selective about his employer next year. When he goes there, in good years he could get bonuses of $1-2mm or more.

This will probably offend you, but the fact that you asked this question at all and the attitude expressed in your post indicates that you are much more likely to waste investment capital on seminars and training materials sold by "get rich quick" scamsters. Perhaps you think there is some secret move or opportunity, and if it exists then the person who knows about it is willing to spill the tea on a public forum.

Do you want a few more actionable pieces of advice? Be a humble person, kind, and show gratitude. No one ever did this alone, so take that attitude and connect with mentors who are successful in your field and in life. Help other people. More often or not, one of those seeds you plant today turns out to be the thing that helps you much later.

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