The specialty of Quiet money related achievement: Revealing Covertness Abundance
No, absolute wealth is not a goal for everyone. On the other hand, achieving wealth by earning a better living is something that few people have ever thought about. A basic question then quickly sows doubt into this dreamy impulse: but how to achieve this? Here are 5 strategies to study to achieve wealth. Let us specify that these are strategies, which require a strong commitment to achieve them, except for those to whom luck smiles spontaneously...
Understand and integrate that such an ambitious objective is not without risk
We are going to explore several avenues to achieve enrichment. Some will more or less bear fruit, and will more or less live up to the candidate's expectations. This is above all because everyone has their own definition of wealth. Generally, in France, a person's wealth is estimated by their assets, which however excludes debts and associated expenses, therefore with a level of reliability to be qualified. For some, being rich means receiving a significant income ceiling. For others, it means owning multiple assets. For still others, it is being able to frequent certain places, a sign of weight in the financial sphere.
In any case, and depending on each person's objectives, it is clear that if becoming rich was easy, it would no longer be a subject. Why is it so difficult? Because the strategies developed below are not without risk. Generally, barring a twist of fate, wealth comes with time, by making the right choices, working or investing hard and painfully, always keeping this objective as a safeguard, and above all investing money. Most of the time, starting capital will be required. Whatever it is, it must be understood that the race for wealth is shared by crowds of candidates and that some are forced to give up along the way. Without demotivating the crowds, let's just say that the risk of loss of capital must be taken into account. Profitability is not always there. You have to be aware of this, and “have your back”, as we could say colloquially. We will therefore ideally avoid betting all our capital, mortgaging our property or our company, or engaging too many guarantors in our journey, at the risk of falling and paying the consequences at all levels.
But let's end this aside on a positive note: becoming rich is possible, there is no shortage of concrete examples of those who started from nothing to conquer everything to attest to this. The keywords are “perseverance” and “determination”. You must therefore believe in your dreams, your choices, and your abilities, by following one or more of the following strategies.
No. 1: access the property
This is probably the first strategy that comes to mind when you want to get rich. As we said, the obsession with promoting one's heritage is a very French custom. Access to property is a sign of wealth today, particularly given the interest rates on real estate loans which have increased significantly, but also the material aspect of real estate assets. It is not always easy to access it. This is why it is possible to circumvent traditional purchasing by taking advantage of existing processes that limit spending, ensure profitability, and include real estate investment in an overall strategy for increasing wealth.
The advantage for investors in the real estate sector is that the national housing stock is aging in France. The State therefore mobilizes public funds to promote and encourage the expansion of the private network of rental housing, as well as the renovation of dated buildings, which no longer meet current standards of decency, security, and respect. environmental ambitions. It is therefore possible to invest your capital in a real estate purchase by taking advantage of one of the following schemes:
the Pinel system, for the purchase of new housing in a collective residence;
the Censi-Bouvard system, for the purchase of new housing in a furnished residence;
the Denormandie scheme, for the purchase of old housing requiring renovation work, located in an area to be revitalized or revitalized;
the Malraux system, for the purchase of old housing recognized as a “remarkable building”, and part of an approach to safeguarding French architectural heritage.
They allow the investor to become an owner, to rent the accommodation, which will allow the credit to be amortized by the property income generated, and also to benefit from a very attractive tax exemption.
No. 2: Invest capital in companies
To hope to become rich, you will have to consider profitable investments. Let's be clear here: we are going to target investments that can increase one's wealth. So no more regulated savings accounts, which are perfect ways to save and increase your financial assets, but not to become rich. To do this, we will focus more on more strategic investments, more risky but more profitable if they prove successful.
The idea is to invest your money via multi-support contracts. They make it possible to invest both a small part of the capital in more secure euro funds and without major risk of loss of capital, but also and above all in unit-linked funds. This will then involve placing your savings in a portfolio of stocks, bonds, SCPI, FCP, or UCITS shares, etc. These stock market investments will take place in much more volatile markets, whose return potential is much higher than the euro fund.
In terms of sectors, the most promising are, unsurprisingly, the following 3:
real estate investment (even if it is declining somewhat now, real estate does not generally devalue), by investing via schemes supported by the State, or in real estate companies such as SCIs or SCPIs. In this second case, the investor holds a share of the company, which provides him with better liquidity than with a real estate purchase;
investment in innovative solutions for the future, with targeted sectors such as new technologies, “Frenchfab”, artificial intelligence, and renewable energies;
These are very promising sectors where it is smart to invest your money.
No. 3: dare to create your business
It is often considered that being your boss allows you to earn a much better living and get richer. This statement is usually supported by people who are not entrepreneurs. For what? Because anyone can become an entrepreneur tomorrow. Access to entrepreneurship is even easier today with the creation of new statuses such as that of micro-entrepreneurs, in particular with a reduction in tax charges. But be careful, making a fortune as an entrepreneur requires the synergy of several parameters: first of all, work, without a doubt. Developing your business, keeping it alive, making it grow, and ensuring its sustainability are all challenges that must mark the course of the entrepreneur every day, every hour, and every second. It is a phenomenal personal investment (time, energy, skills, etc.), punctuated by a multitude of doubts, fears, questioning, and sacrifices.
You also need to be able to combine other factors, such as a good professional network, which is not so easy to acquire, but also good meetings at the right time, and unwavering support from those close to you to achieve the best balance of your life. his professional life and his personal life, the first often taking over the second. You also need a good concept, good products, focusing on quality to ensure sustainability, good customer relations, and favorable economic, environmental, social, societal, and even political conditions. Starting your own business does not guarantee wealth. But with perseverance, stubbornness, and a mind of steel, it is possible to become rich in the long term.
No. 4: move abroad!
This is a story of economic context. The cost of living is adapted. It is therefore very interesting for residents of neighboring departments to consider employment in Switzerland while maintaining a main residence in France. Taxation is not the same either, like the cost of real estate. This is why many French people expatriate professionally, working just beyond the French border, in neighboring countries. Of course, nothing prevents you from moving to other countries. This strategy can pay off, provided you don't move abroad randomly. The drop-off point must be targeted for one or more very specific reasons. Some markets are more buoyant abroad. With the exponential deployment of teleworking, companies have reviewed their way of communicating and working. New professions can be practiced remotely without the need for a physical presence.
No. 5: bet on your lucky star in gambling
Can we talk about strategy? Not really since most gambling is just about chance. We can only say that the more you try your luck, the more chances you have of winning, it's mathematics, but it's the only statement we can make. Be careful of the addiction that it can quickly generate. It will always be more advisable to bet your capital on a purchase or an investment, rather than on a stroke of luck. However, let's take a look at some of them, in particular online sports betting. Without promoting it too much, let us say however that a connoisseur of football, horse racing, or others, will perhaps be able to bet on the winning combination more easily. This remains to be verified all the same.
There are also casinos which remain a strategy to try to get rich. Here again, it will be better not to bet everything on a slot machine, but rather on table games. The starting stakes are higher, but the payout is much more profitable. It is always this same ratio between high risk and the highest potential for profitability. Is this a viable strategy over time? No, obviously. It is a mistake to rest all your ambitions for wealth on luck at gambling.
Some tips to follow in your quest for wealth
Here are some tips for achieving enrichment, without straying from your objective or finding yourself in excess:
do not give in to speculation: investing is one thing, you still need to know how to do it intelligently. Speculation is favored by investor profiles that follow a mass effect. They first rush into stock market sectors that are nearing saturation, then follow stock market movements at any given time, which sometimes leads to the collapse of a market and the loss of all, or almost all, of its invested capital. ;
train yourself to better understand how financial markets work: not everyone can be a trader. To invest more peacefully, as well as to start your business, it is important to train in these sectors, and not rely only on an asset manager. It is the assurance of making better choices;
entrust the management of your assets to a professional: wealth contributes to asset management. Asset managers are financial experts who will be able to advise on favorable or unfavorable trends, taking into account geopolitical, societal, environmental, economic contexts, etc. ;
save: to get rich, you will need to be able to invest capital. This capital must be accumulated and made to grow. Whatever the projects, you should never neglect the interest of saving;
manage your finances: to hope to enrich yourself, you must focus on your objective, and not spread yourself over too many projects, or think too big, too soon. It will be better to take the small-steps method, which is much safer. The projects will therefore be framed according to their financial capacities;
solicit investors: to carry out an entrepreneurial project that seems promising and that you believe in, you sometimes need to know how to integrate new resources. Investor capital can help grow an idea and bring it to fruition more quickly;
diversify your assets: capitalization will depend greatly on variations in economic sectors. It will therefore always be recommended to diversify your investments to limit the risk of capital loss.
To conclude, becoming rich can be a goal, that must be appreciated over the long term, with method, and positivity, by daring to take considered risks and by trusting yourself, while keeping your head on your shoulders.