How To Become Rich – Strategies To Become Wealthy

Do you want to learn how to become rich? Now, this post isn’t about having millions and millions of dollars. When I say “rich” I mean having some kind of financial freedom or success.  So, learning how to become rich could mean being debt free, retiring early, paying off your house, not living paycheck to…

Michelle Schroeder-Gardner

Last Updated: May 22, 2024

Disclosure: This post may contain affiliate links, meaning if you decide to make a purchase via my links, I may earn a commission at no additional cost to you. See my disclosure for more info.

Do you want to learn how to become rich? Now, this post isn’t about having millions and millions of dollars. When I say “rich” I mean having some kind of financial freedom or success. 

So, learning how to become rich could mean being debt free, retiring early, paying off your house, not living paycheck to paycheck, growing a nest egg, or just having a positive net worth. What you want might be completely different than what someone else wants, and that’s okay. 

When I was younger I thought that I wanted a huge house, a really fancy car, and to be able to buy whatever trendy clothes I wanted.

To me, that was being rich.

I thought that’s what a wealthy family was.

Now, I realize that, to me, being wealthy means being comfortable – no debt, money in the bank, having a wonderful family, and spending time doing what I love.

I am much happier with this life, and I learned that being rich doesn’t mean what I thought it did.

Whatever your definition of “rich” is, you have the ability to change your life and make your dreams happen. For me, that took starting this blog. It helped me pay off my debt, leave my day job, and start traveling full-time.

While many think figuring out how to become rich may be impossible, I’m here to tell you that you can reach your dreams. Trust me, when I started my blog, I had no idea that blogs could make money. I didn’t know what I was doing and learned along the way.

If you want to reach financial success (whatever that may mean to you) one day, then you’ll have to start by forming good financial habits now. You will have to work hard, be better than average, and be willing to work outside of the norm.

Learning how to become rich won’t be easy (especially if you want to learn how to become rich overnight) – but what good things come easy anyways?

For many people, learning how to become rich may seem impossible and completely unattainable, but that’s simply not true. Remember, being rich isn’t always just having millions of dollars in the bank. Having wealth or being financially independent can come in many forms. Like I said, you may just want to work towards having zero debt.

No matter what your goal is, learning how to become rich is about having the right mindset. Achieving financial success is hard work, but starting now means you’ll be there that much sooner.

If you want to build your wealth, whatever that might mean to you, then you’re going to have to be above average when it comes to your finances. That’s because the average person struggles with money, and many are wrecked with stress and hardship due to their unfortunate financial situation. 

Here are some shocking money statistics:

  • 68% of people live paycheck to paycheck.
  • 26% have no emergency savings.
  • The median amount saved for retirement is less than $60,000.
  • The average household has $7,283 in credit card debt.
  • The average student loan debt is $32,264.

To be better than average and to learn how to become rich, you’ll have to work hard, learn how to manage your money better, and take some risks.

Just remember, being wealthy doesn’t always mean millions and millions of dollars – it’s the kind of financial happiness and success you need for your life. Keep that in mind throughout today’s post.

Related posts about how to become rich: 

Here’s how to become rich (even with no money).

First, learn how to become rich NOW.

I know many people who put off saving for retirement, finding their dream job, or making changes that will bring them financial happiness. I find that most people put these things off because they think they have tons of time.

Instead of thinking that you’re invincible and that you have all the time in the world to improve your finances, you should stop procrastinating and learn how to change your financial life now.

Many people push things off and/or spend their money carelessly because they think they can start tomorrow, start next month, and so on. However, each time you push off improving your finances, you are that much further away. It just gets harder and harder to work towards your goal when you keep pushing it off.

Stop wasting time and take control of your financial situation now.


how to become rich

Reach for your goals.

Those who set goals are much more likely to be successful than those who do not. Due to that, if you want to learn how to become rich, you’ll need to start by making goals for yourself.

Setting goals is important because without a goal, how do you know where you’re heading? Goals can keep you motivated and striving for your best.

When you’re making plans for a better financial future, you should make sure that your goal is SMART.

A SMART goal is:

  • Specific – What is your goal? Is it specific enough or is it too broad? What needs to be done for you to achieve your goal? Why do you want to reach your goal?
  • Measurable – How can you measure your progress? How will you know if you’re on track?
  • Attainable – Is this a goal that can be achieved?
  • Realistic/relevant – Can you achieve your goal? Is the goal worth it?
  • Time – What’s your time frame for reaching your goal?

So, take what being rich means to you and turn it into a goal. But, make sure it meets the standards above. 

Even SMART goals can sound huge, so to really reach your financial goals and learn how to become rich, you’ll want to:

  • Write down your goals and objectives.
  • Create a plan to reach your life goals.
  • Break each goal apart into smaller goals.
  • Keep track of your goal setting progress and make changes (if needed).
  • Find small ways to stick to your goal.
  • Find ways to motivate yourself when setting goals.
  • Make reaching your goal a friendly competition.


Manage your money with a budget.

Nearly everyone needs a budget, whether you have a million dollars already in the bank or are working to pay off debt. So, to learn how to become rich, you’ll want to create a budget. 

Budgets are what help you work towards financial goals you’ve just created. And, even when you do reach your goals, a budget will help prevent future financial stress. This is because budgets keep you mindful of your income and expenses. With a budget, you will know exactly how much you can spend in a category each month, how much you have to work with, what spending areas need to be evaluated, among other things.

However, not many people have a budget. In fact, more than 60% of households in the U.S. do not have a budget.

If you are new to budgeting, be sure to include all of your income and expenses when creating your budget. 

Here are some expenses you may want to include, but don’t forget any expenses you have that aren’t listed:

  • Home – House payment, rent, maintenance, utilities, insurance, property taxes, etc.
  • Car – Monthly car payment, gas, maintenance, insurance, license plate fees, and so on
  • Television, cable, Netflix, Hulu, etc.
  • Cell phone
  • Internet
  • Food – Groceries, restaurant spending, snacks, etc.
  • Clothing
  • Entertainment – Entertainment can include many things, such as going to the movies, going out for drinks, concert tickets, sports, and so on
  • Charity – If you regularly donate to charity, then this should be an area you budget for
  • Savings funds – This can be for your retirement fund, wedding, travel, etc.
  • Taxes – If you are self-employed, then taxes may consist of a large part of your budget
  • Health insurance
  • Miscellaneous – Pet expenses, fees, childcare, school, gifts, etc.

After you know your expenses, balance those with your income – you should be making more than you are spending. A budget can show you how to become rich fast by showing you exactly what needs to be addressed. You may realize there are some things you can cut out, that you can put more in savings than you thought, etc.

You can get a free budget printable by signing up below.


Understand that a fun life can be affordable.

I really do not like the myth that people who save money are boring. That’s simply not true at all.

I believe that you can balance living a good life along with saving a comfortable amount of money and retirement planning.

There are plenty of ways to live an awesome life while saving money. Yes, you can still see your friends, have fun with your loved ones, go on vacations, and more, all while staying on a realistic budget.

If you want to learn how to become rich, then learning how to be happy with yourself and figuring out affordable ways to enjoy life are key.

Recommended reading: How To Make Money Without A Job


Eliminate your high interest rate debt.

If you want to learn how to get rich, then one of your goals will probably be eliminating your debt. For the average person, this probably means any high interest debt, debt that may be giving you stress, and so on.

Paying off your debt can lessen your stress levels and allow you to have more money to put towards something else (such as retirement). Just think about how much more money you will have to put towards your goals when you stop paying high interest fees alone.

The first step to eliminating debt is to realize why you have debt in the first place. I believe that if you don’t understand where your problem with debt stems from, then it will be hard to make a positive change.

Yes, it is great to just start attacking your debt, but you don’t want to fall into the same cycle of going into debt over and over again. 

After you realize why you are in debt (or why you keep going back into debt), the next step is to figure out how you will eliminate it. There are many different ways to attack your debt, and I think you are the most successful when you do all of the following.

To pay off your debt and learn how to get rich, you should:

  • Quit adding more debt to your life. You may want to cancel or freeze your credit card(s), think harder before each purchase, and avoid spending temptations like the mall.
  • Be realistic with your income and spending. If you have debt, then you either have an income or spending problem. You may need to start earning more money and/or start spending less if you want to learn how to become wealthy.
  • Decrease your spending and expenses. Depending on how quickly you want to get rid of your debt, there are different things that you may want to cut out. You could cut out Starbucks (I know, I know), lower your restaurant spending, find a cheaper way to workout, sell your car for something cheaper/more affordable, cook from scratch, and so on.
  • Make more money. By earning more money, you will have more money to pay off your debt, and you can usually do it even faster.
  • Pay more than the minimum. If you have debt, you should always be paying more than the minimum so that you can lower the amount you are paying towards interest.
  • Put little amounts toward your debt. For example, whenever you get an extra $25 (such as by selling something), then you should just throw that extra money towards your debt. You probably won’t even miss those small amounts of money.

Related: How To Take A 10 Day Trip To Hawaii For $22.40 – Flights & Accommodations Included


Get over 20 times the national savings rate.

High yield savings accounts are a great way to grow your savings, but most people have their money in accounts with low rates. Unfortunately, that means many of you are losing out on some easy cash!

If you’re like most people, you probably don’t even know what interest rate you’re getting on your checking and savings accounts. That’s because it was probably years since you opened the account and you simply forgot what that rate is.

With Betterment Everyday, you can start earning 2.39% with a balance as low as $0.01.

How does that compare to the national average savings rate? While it’s actually higher than the ones I listed earlier, it’s still a very sad 0.09%. That is a HUGE difference from what Betterment Everyday is offering. If you are only getting 0.09%, then you are losing out on easy, passive money.

Savings accounts at brick and mortar banks are known for having really low interest rates. That’s because they have a much higher overhead – paying for the building, paying the tellers, etc. Betterment Everyday is an online option, which means they have lower costs, then passing the savings on to you. 

Over a 10 year period, that same savings balance with a 2.39% balance would earn you an additional $2,390, whereas a savings account with an interest rate of only 0.09% would earn you a mere $90.

Your money is just as safe in a Betterment Everyday account as it is with a brick and mortar bank. You’re just earning more interest, which is something that everyone wanting to learn how to be rich can take advantage of.

Read more at How To Earn Over 20x The National Savings Rate.


Start investing.

Investing your money can be a scary, stressful, and overwhelming topic to tackle. But, you want to invest so that you can:

  • Retire one day.
  • Prepare for unexpected events in the future.
  • Allow your money to grow over time.
  • Learn how to get rich.

For many, the hardest part about investing is actually starting. And, I completely understand that. Where do you start? How much do you invest? Where do you put your investment dollars?

However, the quicker you start investing, the more it becomes a habit and the easier it becomes. By investing money now, you will learn good investing habits that will help you well into the future.

Remember, time is on your side, and due to the powerful impact of compound interest it can change your life. This means the earlier you invest your money, the more you will earn in the long run.

What is compound interest? Compound interest is when your interest is earning interest. This can turn the amount of money you have saved into a much larger amount years later.

This is important to note because $100 today will not be worth $100 in the future if you just let it sit under a mattress or in a checking account. However, if you invest, then you can actually turn your $100 into something more. When you invest, your money is working for you and hopefully earning you income.

For example: If you put $1,000 into a retirement account that has an annual 8% return, 40 years later that would turn into $21,724. If you started with that same $1,000 and put an extra $1,000 in it for the next 40 years at an annual 8% return, that would then turn into $301,505. If you started with $10,000 and put an extra $10,000 in it for the next 40 years at an annual 8% return, that would then turn into $3,015,055.

Here are some of the easy steps you can take so that you can start investing:

  1. Set aside your money specifically for investing. In order to invest your money, you need to start setting aside money specifically for it. The amount of money you save for investing is entirely up to you, but in general, the more the better.
  2. Research. Before you start dumping your money into the stock market and other investments, it’s a good idea to know what you’re putting your money towards. Reading about various investment-related tips and researching each investment will help you become more informed about your investing decisions, which will then help you make better decisions well into the future.
  3. Find an online brokerage or someone to manage your investments. There are two main ways to invest your money. You can either invest your money yourself through a brokerage or you can find someone to manage your investment portfolio for you. You will need to take part in one of these options to actually start investing your money. Personally, I like to do everything myself through Vanguard.
  4. Determine how you will invest your money. Now that you’ve opened an investment account, you will want to decide where you will put your investments. How you invest depends on your risk tolerance, the time period for which you are investing (when will you retire?), and more. Generally, the sooner you need your funds the less risk you will take on, whereas the longer your time period is, then the more risk you may be willing to take on. Another thing you will want to think about is whether you want a diversified portfolio or not, which is something that most people do want.
  5. Track your investment portfolio. The next step when learning how to get rich by investing is to regularly track the things you have invested in. This is important because you may eventually have to change what you are invested in, put more money towards your investments, and so on.
  6. Continue the steps above over and over again. To invest for years and years to come, you will want to continue the steps above over and over again. Now that you know the steps it takes to invest your money, it only gets easier.

Some terms that you may want to familiarize yourself with when it comes to investing include 401k, IRA, equities, bonds, and index fund.


Make extra income.

Becoming financially independent may mean that you have to figure out ways to make more money, especially if you are trying to figure out how to become rich with no money.

On Making Sense of Cents, I talk a lot about how to make extra income because I believe that earning extra income can completely change your life. You can stop living paycheck to paycheck, you can pay off your debt, and more – all by learning about the many different ways to make money.

Trust me when I say that making more money is important. I was able to pay off $38,000 in student loans within 7 months, I was able to leave my day job in order to pursue my passion, travel full-time, and more!

The great thing about finding ways to make more money is that your income potential is unlimited. There’s no cap on how much money you can make – it all depends on what you decide to do and how much time you plan on devoting to it.

Making more money can change your life in great ways, such as:

  • You can pay off your debt.
  • Save for big purchases, such as a vacation.
  • Stop living paycheck to paycheck.
  • Reach retirement sooner.
  • Become more diversified with your income sources.

Whether you have just one free hour a day or if you are willing to work 40 to 50 hours a week on top of your full-time job, there are many options when it comes to earning more money. Finding ways to make more money will only help you as you learn how to become rich.

Some ways to make more money include:

  • Find a part-time job.
  • Make money online such as creating a blog, becoming a virtual assistant, etc.
  • Maintain and clean yards. You can make money by mowing lawns, killing/removing weeds, cleaning gutters, raking leaves, and so on.
  • Answer surveys. Survey companies I recommend include American Consumer Opinion, Swagbucks, Survey Junkie, InboxDollars, Pinecone Research, and Opinion Outpost. They’re free to join and free to use! You get paid to answer surveys and test products. It’s best to sign up for as many as you can as that way you can receive the most surveys and make the most money.
  • Move furniture and find jobs on Craigslist. Movers can earn a broad range when it comes to hourly pay, but it’s usually somewhere around $50 an hour if you run your own business.
  • If you love animals, then you may want to look into how to make extra money by walking dogs or pet sitting. With this side hustle, you may be going over to your client’s home to check in a few times a day, you may be staying at their house, or the animals may be staying with you. Rover is a great company to sign up with in order to become a dog walker and pet sitter. Learn more about this at Rover – A Great Way To Make Money And Play With Animals.
  • Babysit and/or nanny children.
  • Sell your stuff.
  • Rent a spare room in your home to someone else.

As you can see, the list is endless when it comes to making more money. You can learn how to become rich online or offline!

Related posts on how to make extra money:


Have more than one source of income.

The wealthy and successful tend to have many different forms of income streams. In fact, it’s been said that most millionaires have seven sources of income.

They may have a day job, a business, rental properties, dividend income, and more. They do this because they know that one source of income may not last forever. Plus, having multiple streams of income will lessen your financial risks.

If you ever feel too reliant on one source of income, then you know how important this is. Maybe you are afraid that one day you will lose your job or that something will happen to your main source of income.

If you work towards building up multiple income streams and diversifying your income, then you won’t have to worry as much if something happens to one of your income streams.

By diversifying your income with multiple income streams you will have a backup plan, you may be able to retire easier, you will learn how to become rich, and so on.

Finding another source of income can even be something as simple as finding a side hustle you can do outside of work. Some side hustles are active work, but they can still help you build passive sources of income (like investing) that will help you diversify your income even more.

Note: I recommend that you check out Personal Capital (a free service) if you are interested in gaining control of your financial situation. Personal Capital allows you to aggregate your financial accounts so that you can easily see your financial situation, your cash flow, detailed graphs, and more. You can connect accounts such as your mortgage, bank accounts, credit card accounts, investment accounts, retirement accounts, and more, and it’s FREE.


Even the wealthy are frugal.

One myth about wealthy people is that they all spend tons of money on crazy things they don’t need. That’s just not true at all! 

Sure, there are stories about rich people who spend their money like crazy and end up in bankruptcy. But surprisingly, the average millionaire is frugal knows how to manage their money well.

Don’t believe me? Here are some examples of millionaires and billionaires who still find ways to save money:

  • Warren Buffett lives in a house that he bought in 1958 for around $30,000.
  • John Caudwell (worth $2.7 billion) rides his bike 14 miles to work every day and even cuts his own hair.
  • Jim C. Walton (son of Walmart founder) drives an old truck with no air conditioning.

Another interesting statistic is that the average couponer is someone who earns over $100,000 a year. Surprisingly, those who earn less than $100,000 a year rarely use coupons compared to those with high incomes!

By finding ways to save money, you’ll be able to keep more of your money, learn how to get rich, add more to your investments, and so on. You worked hard for your money, so you may as well find ways to keep more of it!

Find ways to save money at 30+ Ways To Save Money Each Month.


Don’t try to impress others.

If you want to learn how to get rich with no money or education, then you will want to think about your spending decisions.

When was the last time you bought something that was mainly purchased to impress someone else?

Sadly, this is something that the average person does quite often.

If you want to start building wealth and understand how to get rich, then you’ll want to stop trying to impress others and start living your own life.

The rich tend to live below their means. Yes, many of them still spend money extravagantly, but many aren’t living paycheck to paycheck in order to do so. Many millionaires buy items used, they drive “normal” cars like Toyotas, and they aren’t buying things for the sole purpose of impressing others.

This is drastically different from those who aren’t rich.

Many people try to keep up with others and fall for lifestyle inflation, which can prevent a person from being a good money manager.

When trying to keep up with the Joneses, you might spend money you do not have. You might put expenses on credit cards so that you can (in a pretend world) “afford” things. You might buy things that you do not care about. The problems can go on and on.

Instead of trying to look rich, work on managing your money better so that you can one day be rich.

If you’re wondering “how can I get rich without a job,” it is important to realize that you shouldn’t be constantly trying to impress others.

Related: 15 Best Financial Books For Beginners


Know the value of your time.

When I was still working as a financial analyst, I had a client that had an assistant whose sole purpose was paying bills. The assistant just spent their day remembering what bills to pay, such as the home electricity bill.

At the time, I thought this was nuts. After all, I was having a difficult time paying my own bills and managing my debt, so thinking about how someone had the luxury of hiring someone for such a small task (one that could even be automated) sounded absurd to me.

However, I’m sure they never had a late payment. And, perhaps, they just actually disliked managing that aspect of their life.

Now, I’m not saying you should hire someone to pay your bills, but you can still outsource some of your tasks so that you can focus your time on which tasks you actually want to and value doing. This can help you grow your wealth significantly faster than a person who never outsources or does very little of it.

Here are some tasks you may want to outsource:

  • Cleaning your home.
  • Mowing your lawn.
  • Getting your groceries delivered.
  • Hire an assistant.
  • Having an expert do your taxes.

And so on.

Before you outsource something, think about how much it costs you to do that task. In the time it takes you to do a task, can you be earning more with your time by doing something else? Can hiring an expert save you money or help you make more money on something? Will occasionally outsourcing a task let you spend more time with your family?

This is definitely a rich habit. The wealthy and successful understand the value of their time and use it to their advantage. They don’t waste time doing things that they don’t see a benefit from.

What is the fastest way to become a millionaire?

The fastest way to learn how to become a millionaire with no money will vary from person to person.

With the tips and advice above, you will be able to see what will work best for you, as well as what you are most interested in.

Whether you are looking to learn how to become rich long term through real estate assets, building a small business and joining the world of entrepreneurs, creating passive income ideas for yourself, having a portfolio of stocks, or something else, there are many ways for you to build wealth.

Yes, this means that there are other ways to become wealthy other than to become a lottery winner or gamble.

How to become rich

If your long-term goal is to become rich, become a self-made millionaire, have a wealthy family, or whatever else, I hope you enjoyed today’s article.

If you have further questions, you may benefit from seeking out a financial advisor who can help you more with your personal situation, as they can get more familiar with what is going on in your life, as everyone is different. A financial advisor may also be able to improve your money mindset and personal finances.

What do you think it takes to learn how to become rich with no money? Do you consider yourself to be rich? Do you think you can learn how to become a millionaire with no money?

Recommended reading: How To Turn $10,000 Into $100,000

Michelle Schroeder-Gardner

Author: Michelle Schroeder-Gardner

Hey! I’m Michelle Schroeder-Gardner and I am the founder of Making Sense of Cents. I’m passionate about all things personal finance, side hustles, making extra money, and online businesses. I have been featured in major publications such as Forbes, CNBC, Time, and Business Insider. Learn more here.

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  1. While I do not consider myself rich yet, I do have a rich mindset.

    I know what it takes to become rich and how to get there, all I have to do now is stay on the path!

    Also, I think that anyone who wants to become rich should read the book “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy”.

    The most memorable part of the book for me was a case study of two high-earning physicians. They each earned roughly $700,000 a year—and had vastly different levels of wealth—despite what outward appearances suggested!

    This book was an eye-opener for me and I recommend it to anyone who wants to learn how millionaires become millionaires!

    1. The “side hustle millionaire” mindset is always good for a person have, regardless of their current financial status. Don’t look at what you don’t have in the moment and look to the future. Keep building your side hustle and believe someday you will achieve side hustle millionaire status. Consistency and “lots and lots of content” is the key to online marketing success. 🙂

  2. Jena

    Hi Michelle – thank you for your blog. I find it very inspiring and useful. My husband and I are making a huge change in our life to start working toward financial freedom. It’s been three years in the making really, but the huge jump starts soon! I will be following you and continuing to find inspiration in your shares.

    1. Edeki Elvis

      Congratulation ma, what make someone to be reach in life is all about finicial statute as i am here i have huge of plan for myself all I need is just helper to make it possible. I don’t have helper but I have dream

  3. The Financial Freewill

    Nice read Michelle! Having more than one source of income, understanding the value of time and being debt free are key components to building a wealthy life (not just in terms of $)

    I will never forget the feeling for the rest of my life when I paid off my student debt (around $35,000) and returned the money I had borrowed from my parents (around $5,000). I was over the moon and really happy. Being disciplined about zero-debt and having multiple income sources is critical to financial independence. Thanks!

    1. Paying off debt is such a great feeling!

  4. One thing many everyday people don’t know is that school doesn’t teach you how to be rich. They don’t tell you how to go from an average working-class person to “side hustle millionaire.” They plant seeds in your mind at a young age that success is being a lawyer, firefighter, police officer, doctoer, judge, politician, banker, or warehouse shop worker. These jobs are excellent and we actually do need people working in those fields. But school only teaches you how to work for someone else and give them 1,000,000% of your heard work and energy. But if something happens in that organization or your health goes bad, what next? A pink slip? Quiet termination? Better yet….

    “Yoooooooooooooooooooooure’ Fiiiiiiiiiiiiiiiiiiiiiiiirrrrrrrrrrrrrreeeeeeeeedd!”

    The beauty of side hustling online is bulding up oneself to achieve “entrepreneurial job security.” This is a new way of thinking for people looking to get rich with no $ gUaP $, or if they used to live at the YMCA.

    It’s never too late for anyone to get rich online with or without $ gUaP $. All a person needs is to buy a domain name, reserve web hosting, install WordPress on their web hosting package, and start blogging away like you did to millions of dollars online.

    I wish I knew tis stuff back in 1999 when I first discovered online mnarketing when I experimented back then with a free virtual storefrong on (no longer in business). But the fact of the matter is this….Millions in $ gUaP $ online waiting to be tapped into. Affiliate marketing is a virtual 6.8 billion dollar industry. That means “open season” for anyone to get their online side hustle startup going, change their way of thinking, start blogging and joining affiliate programs, and make this money quietly 24 hours a day.

    Agree? 🙂

  5. Shaniqua

    This is so needed in this generation. My friends and I were just talking about how sometimes looking at others can make you want to “keep up with them” so to speak and purchase fancy things you can’t afford.

    Then we reminded each other who’s to say those same people we covet can afford their lifestyle? We don’t know how much in debt they can be, yet they look rich to us. And even if they are able to afford it changing our mindsets about what true wealth is is important.

    For me that’s being able to quit my full time job and make income through blogging. But first I need to get out of student loan debt. I agree with the comment that says society teaches us in such a tunnel vision of what success means. We grow up thinking the average 9 to 5 job is the only way for us, and that others are just lucky for reaching success outside of that, but the truth is we can all achieve our goals in different ways, and it’s not just limited to a 9 to 5.

    1. Yes, this is so important for more people to realize.

    2. It’s sad to hear you and your friends were thinking of keeping up with other people. Glad you woke up. I’ve just never been like that. I buy what I want and what I need to succeed and get things done. That’s me though. This generation is too concerned with what others think. Very sad.

    3. Jon

      It’s possible to want nice things because you appreciate quality and beauty, not necessarily because you want to impress other people.

  6. Ana

    Very inspiring post! Currently working on multiple streams of income. As I’ve gotten older, financial independence isn’t so much about net worth as it is about optimizing & valuing my time.

  7. Thanks for this Michelle! For years (practically all my life), I had it in my mind that I (and my family) would always be middle class, and I was OK with it. I grew up with a single mother, who was the best mom ever, but also sucked with money, so I didn’t have first hand example on how to manage my money.
    However, as my kids started growing up, and I realized the amount of debt we had (mostly student loans) was not going anywhere, I took at hard look at all my and my family’s money decisions. I first started by saving as much money as possible. Then I started selling stuff on FB, Craigslist, and lately, ebay. I also mulled over the idea of blogging for years on end, thinking that it was probably too saturated, but eventually took the plunge, and started my blog. While I’m still not making an income, I love it, and I also love the potential.
    Seeing as the middle class is now an extinct concept, my mindset about money has changed dramatically. I do not aspire to swim in money. However, I do aspire to be debt free, to be able to afford what we need, and travel with my family, and most of all, to reach old age with dignity in a world where getting old is almost a curse, and few think of elders as an inspiration, and see them more as an inconvenience.

  8. Awesome!. I like your definition of being “rich.” The most important part to me is that freedom, to be yourself, learn more, do more and spend more time with loved ones.

  9. Paul

    I think becoming millionaire is all about how you manage your money, because even how hard you work if we are not able to use the money right or investing it in the right business, money will just eventually disappear. Thanks for sharing Michelle!

  10. Moneyninja

    True! Being rich is more than just earning money. In my opinion, its about health and saving enough to finance your desired lifestyle as well as rich relationships!

    1. Jon

      When people say they want to be rich they don’t mean in relationships.

  11. Marry Walker

    I appreciate these all ideas. First, we have to set our goals. We have to manage our money with a budget and start to invest. In lockdown situation, this blog would be helpful to all audiences. Keep posting.

  12. Adikalie M Koroma

    This is helpful

  13. Gift chunga

    I really appreciate I can understand very well I don’t have anything but my life I want to have my on business

  14. Jon Stafford

    I read these kind of advice columns a lot and always find them a little depressing. Like most of us I long to be wealthy, but I lack the skills and, perhaps more importantly, the personality traits to make it happen. I dislike the business world intensely and would truly, truly hate being an entrepreneur. Being in business for myself would be a living hell of stress, worry, and work, and you can’t even get away from it because the workday is never over when you own a business. I don’t want to be responsible for a client’s success or failure and I DEFINITELY don’t want people relying on me. I hate working but I have done it since I was 16 and no doubt will continue to have to do so for the rest of my life.

  15. I think that getting rich is ultimately dependent on how well you save money & invest it. Overspending will still leave you broke no matter how much you are earning.

  16. Katherine Thorne

    would like to learn more about wealth creation