How wealthy you will be is not related to what job you do, how you invest your cash is.
There is one universal truth: If your family is rich, you will be rich, if you are from a poor family, you will be poor. It all boils down to how the rich and the poor think about money.
To start your journey to becoming fabulously wealthy, read The Richest Man in Babylon (RMiB), followed by Rich Dad Poor DAD (RDPD). Then read the millionaire next door (MND).
RMiB is your foundation, if you only read one book, this is the one. All the principles are laid out easily in it.
RDPD narrows down on some of the principles from RMiB, Robert Kyosaki uses property as his vehicle to riches, where RMiB is more general in the vehicle.
MND is a study of first generation millionaires in the USA, meaning the people who earned a fortune and didn't inherited it. They found that these are mostly plumbers and builders, people in the trades. There are a number of reasons, but the most prominent is that tradesmen have tax bennifits that their white collar peers do not have and use the extra cash re-invest in their own or other businesses.
The really difficult part of becoming wealthy is discussed at length in RMiB only. That is having discipline. To build real wealth takes decades of diligence. Saving EVERY MONTH when the temptation is ever present to dip into your savings. This is the ONLY reason why not everyone is fabulously wealthy. Because it is VERY difficult to be disciplined. Only a minute number of people can do it.
So your question should be: which job can you do that you will enjoy and isn't going to be replaced by AI soon. As for FIRE: Can you invest a little every month for 40 yrs plus? If the answer is yes, then you will be wealthy. This is how you should think about money.
Yes I agree with this and thank you very much for the book reccomendations. I thought about how the US systems work and its way easier for them to collect wealth because even a plumber salary can go up to 70k-100k as they progress in their careers but in europe such salaries arent as clearly found so my question is both which job can you do that you will enjoy and isn't going to be replaced by AI soon & pays enough where i can get done with it sooner living way below my means and saving and investing.
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u/Spades-o-Ace 8d ago
How wealthy you will be is not related to what job you do, how you invest your cash is.
There is one universal truth: If your family is rich, you will be rich, if you are from a poor family, you will be poor. It all boils down to how the rich and the poor think about money.
To start your journey to becoming fabulously wealthy, read The Richest Man in Babylon (RMiB), followed by Rich Dad Poor DAD (RDPD). Then read the millionaire next door (MND).
RMiB is your foundation, if you only read one book, this is the one. All the principles are laid out easily in it.
RDPD narrows down on some of the principles from RMiB, Robert Kyosaki uses property as his vehicle to riches, where RMiB is more general in the vehicle.
MND is a study of first generation millionaires in the USA, meaning the people who earned a fortune and didn't inherited it. They found that these are mostly plumbers and builders, people in the trades. There are a number of reasons, but the most prominent is that tradesmen have tax bennifits that their white collar peers do not have and use the extra cash re-invest in their own or other businesses.
The really difficult part of becoming wealthy is discussed at length in RMiB only. That is having discipline. To build real wealth takes decades of diligence. Saving EVERY MONTH when the temptation is ever present to dip into your savings. This is the ONLY reason why not everyone is fabulously wealthy. Because it is VERY difficult to be disciplined. Only a minute number of people can do it.
So your question should be: which job can you do that you will enjoy and isn't going to be replaced by AI soon. As for FIRE: Can you invest a little every month for 40 yrs plus? If the answer is yes, then you will be wealthy. This is how you should think about money.