“What are some realistic ways to get rich in 5 years? I’m 25 now and want to hit around 200k USD by the age of 30. What are my options?”
You need to know your numbers first.
What’s your current income and how much you have now? You have different options depending on how far you are from your goal.
Let’s say if you have 0 now, and you want to make 200k in 5 years.
So one year you need to make $40000.
Each month that is $3334.
If you are currently making more than $3334 each month, then you only need to continue what you’re doing to make 200k in 5 years.
If you are falling short, then you need to find out how much are you falling short of, and think of ways to come up with that shortfalls.
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If you have lots of stuffs at home, you may want to sell some of the things that you no longer use.
If you love to write, you may want to write and sell ebooks.
If you have lots of friends, you may create events and activities for them and become a part time trip planner or event planner for some extra income.
If you like cooking, you may buy more food at bulk (with greater discount) and cook for your neighbour as well to sell them home-cook meals.
If you are very good at your work, you may increase the price of your services, or look for a position that will pay you more.
There are really unlimited options, it depends on what you can do and what you want to do. Making money should be the means to an end. What is it that you are looking to achieve with the 200k? That’s the goal. Since money is just the means, we are going to make it as easy as possible and as enjoyable in the process as possible.
Connie is a modern motivational and execution expert, an entrepreneur, a teacher, a writer, and a business consultant in human development. She teaches the basic principles of achievements to help people become “successful” in their own terms and having it all. Studying materials by Earl Nightingale, Wallace D. Wattles and Napoleon Hill has inspired her to think in a certain way to live a prosperous life. She has become a self-made millionaire in 2022 while the world is in a COVID recession.
