Well, no what I mean is: there are ways to get wealthy that involve understanding how systems function and they’re completely dependent upon which system you’re working from within.

Well, no what I mean is: there are ways to get wealthy that involve understanding how systems function and they’re completely dependent upon which system you’re working from within.
For example, if you are in the United States, there’s five basic ways to get wealthy:
a) inheriting (#1) because there is no tax on inheriting. This usually isn’t mentioned on get-rich because in fact, it is usually inheriting or family loans that gets the thought leaders started – and they just neglect to mention it.
b) Bonds (loans to the govt) and stocks (investing in companies)
c) Real Estate (there is no tax on rental income in the usa so this usually means buying and renting, then renting enough properties to afford to life rent-free in your own place and then leveraging even further, etc.
but it can also mean buy-and-flip homes, etc
This of course is what caused the financial disasters in real-estate in the usa over the last few decades this whole process.
But it works, even if it’s devastating to the private debt in the usa and decreasing the amount of real estate owners and increasing the amount of rentals as the wealthy consolidate and turn everything into rentals – but I digress.
It works still.
d) Own a business. In the USA, service businesses are usually far more profitable at first than product simply because a service is a skill and skills don’t need widgets but only skill and time.
e) Own and trade multiple businesses.
So that’s your basic 5 ways to get wealthy in the usa. There’s others too.
But if you live in other areas of the world, there’s other ways to make money or these ways may differ in specifics.
so in these ,you need no special skills unless you’re running a service business. You can actually just follow standard plans easily found in public library books on how to operate stocks and bonds or run a business, and balancebooks. etc
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