Making Riches: the simple way

You tell yourself you want to be rich. It’s a secret, one you share only in your mind. You kinda fancy the lifestyle of the rich; how they work because they want to and not because they need to. How their money talks and how confident they feel because they have done their part for their future.

I feel the same way! But what does it mean to be rich and how do we get there?

If you are like me, feeling rich is doing what I'm called to do, fulfilling my purpose. Being home with my family with the confidence that I have more than enough to take care of my bills.

If you are an inventor like Elon Musk, the founder of Tesla and SpaceX, being rich means leveraging your natural smartness as a rocket scientist to create the world you want to live in.

If you are a mom of 3 like Alicia Shaffer, being rich means turning your knitting hobby into a million dollar Etsy shop.

If you are like Sara Blakely, being rich means solving a problem for yourself and creating a multi-million dollar biz called Spanks.

In all these cases these millionaires turned their interests, hobbies, and issues into businesses. 

But what if you feel you don't have a million dollar business idea or any idea at all. What if you don't have the capital to start a biz? And what if you don't have the motivation and grit to ride out the entrepreneurial wave? Can you still be rich? Can you still have enough money so you never have to work again? So you can do what you want, when you want?

One of the ways to building wealth, is by taking Warren Buffets advice and investing consistently in the stock market using index funds. And that means taking the slow and steady route to riches. 

Not risky investments that steal your sleep at night. Few things are more precious than peace of mind.

Not too good to be true one off high risk - high reward investments with promises of overnight riches that are just that. Too good to be true! You should never feel pressured to making a risky investment that you can not afford to lose. What is yours will always be yours.

But the simplest type of investing with the lowest risk.

Perfect for a lazy investor like myself

This type of investing is available to everybody, but it is NOT for everyone.

It's not for you if you believe the only way for you to be rich is working harder and saving only.

It's not for you if you don't believe a 5-10% return on investment on average is worth your time or can make you rich over time. 

It's not for you if you believe investing in the stock market is a fool's errand.

It's also not for you if you don't believe your money should be working hard for you.

But this is for you if you are currently financially stable.

This means you have no personal consumer debt or are actively working on reducing your credit debt, and you have started building up your savings accounts. 

And now you are looking for more ways to save money you don't need access to until you are at least 55 years old.

Many people have built their wealth by simply opening a workplace pension and contributing between 5% and 20% of their monthly paycheck each month. And taking full advantage of their ‘employer match”.

Or opening a Self Invested Pension Plan (S.I.P.P) and contributing from as little as £25 a month.