Ask HN: How are young people getting rich these days?
How are young people getting rich these days?
0) Start saving your money into a mix of index stock funds. Start early and save as much as you can. Do it all your live.
1)Maximize your Education and do your best. Aim towards a career. Don't make education your career. Example: Don't get a PhD unless you need it.
2)Select a career that you like and pays well. It must pay well for most of the people that do it. Sports and Acting and such are out.
3)Delay family until after you finish your education. Pick a life partner that has compatible life goals and values.
4) Live below your means and save into an index funds as much as you can.
5)Plan your career and decide how far you want to advance. Do it early.
6)Weather ALL stock down turns. Don't panic and sell. Add to your portfolio even in a stock market collapse.
7) Review your plan every year.
8) Don't be afraid to take calculated chances when you are young.
9) Be resilient, life isn't a straight path up. It has down turns so you need to recover and move forward.
10)Maximize your social life and and learn to network.
Do this and you should be well-off and have a secure life. You might even be rich.