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how can i become rich? (alien.top)

submitted 11 months ago by hypnosis47@alien.top to c/entrepreneur@indiehackers.space

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its a pretty stupid question but how? I live in a super toxic household and i wan’t to get away from these people. I don’t know much about finances and i would love some book recommendations and so.

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[–] fushmush2@alien.top 1 points 11 months ago

Here is what helped me increase my net worth the most:

1.) Save and be frugal. 2.) Use a first time home buyers loan to buy a house. 3.) Have room mates and charge them rent and split utilities.

This will allow you to build your balance sheet and credit. Your house will appreciate in value and you will pay down the mortgage over time. Additionally you'll pay much less for shelter and be able to save and accumulate more assets.