There are two ways of acquiring wealth in this world. The wealthiest people in the world are either born into it or self-made. People who come from less fortunate families tend to aim high and dream to be one of the wealthiest people across the globe.
One of the possible ways to obtain self-made wealth is through entrepreneurship or owning a business but finding the capital in another topic. Another is through investments. Investment is used to potentially increase the amount of money that people currently have in their pockets or savings accounts. The goal is to buy financial products also known as investments, then sell them at a higher price. In this way, investors will gain profit from their investments and with a continuous cycle, this can lead to bigger opportunities and possibly higher income.
A study by Fidelity Investments stated that 88% of millionaires were self-made millionaires. It also revealed that current millionaires are on average 61 years old with $3.05 million assets. Most of the people who gained money from investments tend to create their own business, while continuously investing some of their money which leads to the continuous growth of their net worth and finances. Some of these people who got their wealth over investments are Warren Buffett, George Soros, Carl Icahn, Raymond ‘Ray’ Dalio, Abigail P. Johnson, James Simons, Thomas Peterffy, Ronald Perelman, Steve Cohen, and Stephen ‘Steve’ Schwarzman. The mentioned people were estimated to own an $11-62 Billion net worth that is continuously growing as of this moment and these people made use of investing to create assets and businesses that made them one of the richest people around the United States.
Investment is more like a gambling game, not everyone is lucky enough to be successful with their investments, and the return of investments does not come overnight. But if you want to be successful in this path, make sure that you gain a lot of knowledge about investing before you gamble your money on it. For those who are thinking to invest their money keep in mind that investing is not a ticket to wealth. Investors must be determined and willing to take the risk.
