/biz/ - Business & Finance

damn...

>>1668277
first and foremost an education is important. please note I didn't suggest public or private education, both have their strong and weak points but it is important to not become too biased in either. Study hard and learn some important life and craft skills too. For example carpentry skills can really pay off later, even if it is just a hobby.

second, your overall difficulty or speed in reaching "rich" status will highly depend on two factors. The quality of the job you pick up (gross pay) and your resistance in spending.

If your gross pay is low, and your resistance in spending and efficient use of resources is high you can do better than half of higher wage people.

If your gross pay is high and you are good at budgeting resources obviously you will shave decades off the time needed to become wealthy.

Keep in mind that public school and private tend to not teach financial good habits well enough so you need to study most of that on your own.

Choose better hobbies. Don't collect cars, or take violin lessons in the beginning. Health clubs (improved health) over video games is just one example.

Collect credit/loans but don't get into debt. Manage it well, utilizing credit card bonuses. This will increase your credit rating in time and nets you cheaper rates.