Most people use a combination of several of these approaches to become financially successful.
1. Start (or buy) a business, build it up, and then sell it.
You can usually sell a business for 4 times annual profits.
2. Buy real estate and trust inflation/local surging of demand.
Location, location, location and timing, timing, timing. There are always several hot real estate areas around the US.
3. Save 10-30% a year, consistently.
4. Invest well in the markets.
Stocks, bonds, commodities.
5. Inherit it.
Hey, why not? Money is money.
6. Invent a product or process.
Yes, you CAN!
7. Earn $300-$700 per hour as a professional.
Combine this with #3 and you're on your way to financial independence. Just don't get caught up with the Lexus Lifestyle, however.
8. Marry well.
9. Win the lottery.
Hey, it happens!
10. Trade and Deal: buy low, sell high.
Deal in goods, put together deals for others, network well, develop your reputation.
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