It will take a long time to get rich from just investing. Start thinking about what you’ll have in thirty, forty, or fifty years, rather than what you’ll have next year or next year. You may become modestly wealthy by investing little amounts on a regular basis and waiting a long time.
Working a second job or generating additional sources of income and investing all of your earnings can help you grow significantly richer over time, but it takes a long time.
Investing in the stock market might give you the opportunity to have a little more cash. Indeed, with the right mentality and skills, even a little stock market investment may put you on the road to generating millions.
You don’t become wealthy by investing alone. At least not in the way that non-risky people think of it. If you buy at a low price and sell at a high price every now and again, investing may with a lot of luck make you wealthy.
It’s critical, in my opinion, to take these “high risk” investments when you recognize them, since it’s the only way you’ll ever have any financial impact in the direction you want, but the caveat is that you should never accept leverage until you’re totally confident.
A return of 10% to 15% on moderate-risk investments is quite high; the US stock market has returned 7% over the long term.