How to Get Rich Quickly: 10 Methods for 2022

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Who doesn’t dream of getting rich quick from nothing? Contrary to popular belief, anyone can get rich, regardless of their situation, if they are truly motivated. However, there are no miracle recipes. Thus, we are going to give you some tips that can help you become financially free and become rich from scratch , while avoiding falling into traps and scams.

10 Ways to Get Rich from Scratch

This guide is meant to help you make a fortune in 10 different ways , including through online trading.

10 Ways to Get Rich in 2022

These days, there are quite a few activities that allow anyone to get rich. As part of this article, we have selected 10 serious ways to become really starting from the lowest level or even practically nothing. Discover with us these 10 ways to get rich in 2022 and how to invest correctly.

Play crypto games: Battle Infinity

Battle Infinity is a decentralized game to create your own sports team with real players in the form of NFT. It will then be possible to compete with other users of the platform in order to try to win rewards .

Working on the principle of the blockchain, Battle Infinity offers an incredible gaming experience but also, to be able to navigate the metaverse with the purchase, sale and exchange of NFTs.

Level of confidence, you should know that Battle Infinity has been audited by SolidProof and CoinSniper has verified the KYC process. In addition, the project of this crypto game is supervised by an Indian team specialized in cryptos.

10 Ways to Get Rich in 2022 Battle Infinity

What profitability to expect?

In terms of profitability, the winner of a game, tournament or challenge will win 90% of the total amount wagered by the players . The remaining 10% will be dedicated to the development of the project as well as to the mining pool, respectively up to 5%.

Also, by investing in the IBAT token, which is sold at a price of $0.0015 in pre-sale, investors can generate an interesting capital gain, especially if the token follows the same trajectory as the AXS (Axie Infinity) .

How to get started?

To start, it will be enough to buy IBAT – token of Battle Infinity – in pre-sale on the official website . Thus, holders will be able to enjoy significant advantages at a low price of $0.0015 per IBAT . Once this is done, you will only have to form your team to participate in the various matches as soon as the platform is available.

Your capital is at risk.

Start a business

Creating a business is undoubtedly one of the most effective methods to get rich very quickly, as shown by the examples of “success stories” of entrepreneurs who started from scratch and who managed to build empires, such as Travis Kalanick with Uber . or even Elon Musk with PayPal then Tesla.

Start a business

However, to put the odds on your side before creating your company, you should be able to validate the following points:

  • Have experience in the field envisaged: it is easier to succeed when you know your field of activity.
  • Sell ​​a product or service that meets demand:  if you sell sand in the desert, it will be difficult to develop your sales.
  • Continually questioning yourself: as the economic world is constantly changing, you need to review your strategy regularly to avoid constantly adapting.
  • Know how to manage: to develop successfully, it is necessary to hire quality teams that pull the company from the top.

What are the gains to be expected?

Returns on investment vary widely depending on the company and economic conditions. But, in general, it is the option which can prove to be by far the most profitable because it is possible to create a company from zero with a few thousand euros which can be valued several million or even several billion euros. after a few years of existence as shown by some successful start-ups, like companies known to all such as Instagram, Twitter, Deliveroo or Just Eat.

Invest in listed companies

You can also become rich thanks to the stock market, by taking advantage, for example, of the success of entrepreneurs who have had their companies listed on the financial markets, as shown in recent years by the rise in the stock market prices of companies such as Facebook, Apple or even Netflix.

Invest in listed companies

This is, for example, the strategy followed by the American investor Warren Buffett, who has become one of the richest men in the world, whose investment company Berkshire Hathaway, listed on the New York Stock Exchange, weighs today. hundreds of billions of dollars today.

Berkshire Hathaway share price evolution since 1980

Trading View
Source: Trading View

To start investing in the stock market, we advise you to use an online broker like eToro, which offers unbeatable prices (0% commission). In addition, its financial strength, its reputation (more than 10 million customers worldwide), its approvals with the European supervisory authorities (FCA, ASIC and CySEC) and its ease of use make it an ideal broker for beginners . .

What profitability to expect?

The returns on investing in publicly traded stocks are highly variable. But, historically, taking into account the dividends received by the shareholder, the annual return is between 4 and 8% per year over the long term.

How to invest?

eToro offers all of its clients a copytrading feature that allows investors to view and copy the trading activities of top traders on the platform .

To open a trading account. you just need to follow the following steps.

  1. Open a trading account: we recommend  eToro
  2. Verify your account
  3. Credit your account
  4. Choose a company to invest in
  5. Validate your investment

Buy crypto currencies

To get rich quickly, you can also buy cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH) or Ripple (XRP) for example. Indeed, despite the many bad publicities made against these assets, they are still very lucrative. The explosion of cryptos following the health crisis demonstrates the power of these assets.

Buy crypto currencies

Moreover, some investors have largely benefited from it, such as the Winklevoss brothers , who bought Bitcoin for around $10 million in 2013, making them the first billionaires of this cryptocurrency in 2017.

What profitability to expect?

Even if the profitability figures are impressive, you have to keep in mind that you can be rich afterwards. Anyway, if we take the example of Bitcoin, over the last 5 years, it has gone from 300 dollars to about 13,000 dollars today, that is to say an increase of more than 4,200%, a return infinitely superior to that of an investment in shares listed on the stock exchange. And on other crypto-currencies, such as Ethereum or Ripple, the increases have been even higher over the same period of time.

Evolution of the Bitcoin price over the last 5 years

Trading View
Source: Trading View

How to get started?

If you too want to take advantage of it and buy cryptocurrencies to become rich, you need to have an account on a digital currency exchange platform.

Again, you can turn to the online broker eToro , which makes it easy and quick to buy cryptocurrencies through its trading interface where you can find more than 25 popular digital currencies including Bitcoin, Dogecoin or Ethereum.

To open an account with eToro, the process is the same as the one we presented to you for buying shares listed on the stock exchange, the same goes for placing an order.

67% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money.

Invest in oil

To get rich quickly, you can also invest in oil, following in the footsteps of the American John D. Rockefeller , who started from nothing, made his fortune in black gold at the end of the 19th century. A fortune estimated at more than 300 billion current dollars.

Invest in oil

Investing in oil can be done in several different ways. Nevertheless, the quickest and easiest solution is to invest in oil online . This can be done either by buying shares of listed oil companies (Royal Dutch Shell, BP, Exxon Mobil, Eni, Total SA, Chevron Corporation for example), or with ETFs linked to the oil sector such as Vanguard Energy ETF (VDE), VanEck Vectors Oil Services ETF (OIH), United States Oil Fund (USO) for example.

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What profitability to expect?

Returns on investment vary greatly depending on the company. Indeed, if you invest in a small oil company that makes an important discovery overnight, it will see its stock market price explode on the rise. But the other side of the coin is that this type of investment is more risky than investing in an oil major which generally shows profitability in line with the stock market, that is to say between 4 and 8% per year of total return, including dividends.

How to get started?

All these investment possibilities are available on the trading platform of the eToro broker , without paying commissions either on purchase or sale (0% commission). Regarding the opening of your trading account but also its financing and the placing of orders, the process remains identical to what we have seen previously.

Betting on gold

Gold is also an investment medium to consider in order to get rich quickly. As with oil, this can be done in several different ways. However, the simplest solution when you are an individual is to invest online . You can do this either by buying ETFs that replicate the evolution of the price of the yellow metal, or by investing in shares of mining companies listed on the stock exchange such as Newmont, Agnico Eagle, Gold Fields, for example. Moreover, proof that it is a good investment, the investment company of the billionaire Warren Buffett is invested in the number 1 of the sector: Barrick Gold.

Betting on gold

What profitability to expect?

It is very difficult to answer this question because it all depends on when you buy and sell gold. However, we can take an example, with an investment of 100 dollars made at the beginning of 2020.

Gold started the year around $1,550 an ounce, and is currently hovering around the $2,000 an ounce threshold, an increase of almost 30% in less than a year.

Evolution of the price of gold

Trading
Source: Trading View

How to get started?

All these investment supports are accessible via the trading interface of the 

eToro broker , without paying commissions either on purchase or sale (0% commission). And there again, the whole process does not change, whether it is the creation of your account, its financing but also the passage of your order.

Become a Forex trader

Trading in Forex, the currency market, is also recognized as one of the fastest ways to accumulate financial wealth in a short time. The profit generation potential offered by the foreign exchange market is practically unlimited, given the possibility of using very high leverage effects (greater than 100) to increase the amount of your investment.

Some Forex traders using brilliantly, this financial technique of leverage, managed to earn real fortunes in a short time like the American billionaire Georges Soros . That being said, the currency market remains a dangerous game as it remains difficult for individuals to accurately predict future exchange rate movements. Moreover, if one is mistaken, the recourse to the leverage effect can appear devastating because it is then possible to lose more than its initial setting.

What profitability to expect?

The profitability is very variable and depends above all on the quality of your trading because everything will depend on the price at which you buy and resell your currencies. However, we can take an example, with an investment of 100 dollars made at the beginning of 2020 in the EUR/USD parity.

EUR/USD started the year around 1.11 and is currently trading around the 1.17 threshold, up just over 5% in less than a year. But, if you had invested using a leverage of 10, you would have seen an increase of 50% and even 500% with a leverage of 100.

Evolution of the EUR/USD price in 2020

Trading
Source: Trading View

How to get started?

The eToro broker which offers to trade at a lower cost, on its trading interface, the main currency pairs traded by traders around the world, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, GBP/ EUR, etc.

Invest in real estate

To get rich rich quick, you can also choose to get into real estate investing . This is also the path that Donald Trump has chosen to become a billionaire in the United States. It is all the more accessible as you can use the leverage effect of the mortgage to buy goods without having all the necessary capital at the start.

Nevertheless, for the sake of convenience, it is faster and easier to invest in stone-paper real estate via the stock exchange with the broker eToro. Indeed, eToro offers a very wide choice of real estate companies listed on the stock exchange, whose activity consists in building up and managing a rental property portfolio invested in offices, shops or even homes, whether in the United States. ( Real Estate Investment Trusts – REIT ) or in France ( Listed real estate investment company – SIIC ).

These companies include: Equinix, Digital Realty Trust, American Tower Corp, Prologis, Mercialys, Unibail-Rodamco, Argan, Tour Eiffel, Immobilière Dassault, Covivio and Carmila.

Although REITs and SIICs are listed stocks, they do not always move in the same direction as the stock market. In addition, their dividend yield is above the market average.

What profitability to expect?

According to the IEIF institute, the profitability of real estate companies listed on the stock market has risen to more than 11% per year, dividends included, over the past 10 years, which is much more than a traditional investment on the stock market.

To illustrate this, if we take the example of an investment of 10,000 euros, after 10 years, your final capital would now be slightly higher than 28,000 euros, i.e. a multiplication by a ratio close to 3.

How to get started?

To buy REITs and SIICs, the procedure and the intermediaries are exactly the same as for buying classic shares, if you turn to a broker like eToro, where you will have the advantage of not paying fees at the time of purchase and resale (0% commission).

Good to know : you can also invest in real estate online via real estate crowdfunding

Betting on investment capital

Another way to get rich is to bet on investment capital, also called venture capital, which has made the fortune of many American financiers, like Jerome Kohlberg , Henry Kravis and George Roberts , behind the creation from KKR.

Among the  world leaders in private equity listed on the international financial markets available at eToro , let us mention the British companies 3i Group Plc (III), HarbourVest Global Private Equity Ltd (HVPE), the French Eurazeo (RF) and Wendel (MF) or even the Americans BlackStone Group LP (BX) and KKR & Co Lp (KKR).

What profitability to expect?

The returns on investment vary greatly depending on the management qualities of the managers at the head of this type of company, but also on the evolution of the economic situation. But, in general, according to a study by the professional organization France Invest, the average annual returns of private equity oscillate around 10% over the medium and long term, which represents a doubling of your invested capital every 7 years approximately.

How to get started?

If you want to get rich alongside these financiers, it’s very simple. Just invest through a broker eToro is therefore the reliable broker for private equity. Unfortunately, this category of investment is not accessible to everyone. As we stated above, private equity allows you to invest in a company and generally the general public does not have access to investment offers.

Focus on art

Investing in art can also pay off big. But, you still have to know how to go about it. Some French billionaires have ventured there, such as the Pinault family , owner of the luxury group Kering (Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and Brioni), with the auction house Christies or Patrick Drahi with Sotheby’s.

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However, not everyone, including most wealthy people, can afford such companies, which are essential in the art world.

However, rest assured, it is still possible to invest online in art , through the actions of companies specializing in online auctions. For example, we can cite Art Price listed on the Paris Stock Exchange on Euronext or eBay in the United States on the Nasdaq.

What profitability to expect?

According to the global price index calculated by Artprice, by investing in art, one can expect an average annual return of around 10% over the long term, i.e. for a holding period minimum of 10 years. Clearly, an investment of 10,000 euros made a decade ago would be worth around 26,000 euros today.

Being rich, what does it mean?

Let’s start first by asking ourselves what do we mean by “rich”? In reality, the notion of wealth is very subjective, and we cannot approach this subject without informing you of this subjectivity.

Concretely, everyone has their own goal of wealth : for some, it’s about driving a nice sports car or going on vacation for several months on the other side of the world, while for others it’s the possibility of becoming an annuitant and of stopping work well before retirement age, living comfortably in a large and beautiful house without lacking anything.

To determine a person’s level of wealth, economic experts generally base themselves on the level of their annual income but also and above all on the value of their assets net of debts, that is to say the amount of all of its financial assets (bank accounts, shares, bonds, etc.) and non-financial assets (real estate, jewellery, automobiles, works of art, etc.) from which all of its debts are deducted .

To give you an order of magnitude, in France, the Observatory of Inequalities sets the threshold of wealth in terms of income from 3,075 euros per month for a single person, 5,963 euros for a couple and 7,852 euros for a family with two children. In terms of wealth, to be part of the 10% of the richest French people, your wealth must be greater than 400,000 euros and 1.9 million euros to be part of the richest 1%.

Of course, nothing prevents you from aiming much higher than the figures we have just given you, it is up to you to want to earn a lot of money: it is all a question of ambition.

How to become rich from scratch?

Everyone can aspire to become but it will not be a beautiful morning. Such an ambitious project must be carried out step by step . So beware of websites, videos or blogs that promise you to earn a lot of easy money overnight, because this is simply not possible and it is quite possible that it is ‘a scam.

What wishes to be must respect these 4 following conditions:

Be honest with yourself and realistic

If you really want to get rich, you shouldn’t lie to yourself. We must define clear and precise objectives to know how we are going to get this money and what are we going to do with this money. If you can answer this question, it’s a good start in your quest to get rich.

Always be focused and never slack

If you think on the first try you will be rich, think again. You will encounter a lot of difficulties or even disappointments on your way. If you don’t stay focused and you let go; it is sure and certain that you will never become rich.

Be patient and think long term

Getting rich takes time but with patience, anything is possible over time. So you have to give yourself time to succeed in life.

Don’t be afraid to take risks

If you are someone who does not like to take risks, you will have very little chance of getting rich. To succeed, you have to know how to get out of your comfort zone and take risks to maximize your gains in terms of both income and wealth.

If you want to get rich quick from scratch, you need to apply these recommendations to your daily life as soon as possible. You will be able to achieve great things and make a fortune, even when you are very young, as several examples of exceptional success, achieved in recent years, show:

  • Mark Zuckenberg , the founder of Facebook, became a millionaire at the age of 22 in 2006. A year later, his group’s initial public offering (IPO) allowed him to become one of the youngest billionaires in history.
  • Bill Gates , the creator of Microsoft, became a millionaire in 1981 at the age of 26, then a billionaire at 31, thanks to the rise in the stock market price of his group.
  • Jeff Bezos founded Amazon in 1994, becoming a millionaire at 33 and a billionaire 2 years later at 35.
  • Larry Page and Sergey Brin , the two founders of Google, also became billionaires, past their thirties and today are among the richest men in the world.

Our advice to get rich 

We have just presented 10 ways to get rich quickly through several possible investments, but you still need to have the financial means to position yourself on this type of financial investment.

To do this, we are going to give you some advice to increase your income and limit your expenses so that you are able to invest in assets that create value over time and thus enrich you. To make money, you have to know how to spend it intelligently, but above  all, spend less than your income and invest the surplus .

1. Increase your salary  

This may seem obvious, but if you are an employee, try to improve your financial resources first, through a professional promotion that will allow you to benefit from a salary increase or simply by opting for a trade or activity. better paid.

2. Multiply your sources of income

To do this, you can for example earn money on the internet in your spare time. This will not make you rich, any more than your habit of giving private lessons or doing DIY work in private homes. On the other hand, if you manage to combine these secondary activities, there will be no doubt that your income for the month will increase intensely. And as the saying goes, “small streams make great rivers”.

3. Limit your expenses

There are many ways to reduce your monthly expenses. The simplest way is to write down all monthly expenses. Identify the origin of all debits, then ask yourself if any of them are still relevant. Next, you need to sort out the essential expenses from the non-essential ones. You should make your expenses based on your basic needs. Limit your spending so that in times of crisis, your savings can meet your worries until the crisis is over.

4. Fight the urge to spend it all

When you get rich, you are logically tempted by the idea of  ​​pleasing yourself , or even giving more gifts to your loved ones. Of course, it is possible: nothing prevents you from enjoying this greater comfort of life. However, to really gain in purchasing power, you sometimes have to learn to hold back and invest the extra money generated by the increase in income in the investments that we have recommended to you.

5. Save early, as much as possible

One of the secrets to being rich is saving . Concretely, at the end of each month, when you haven’t spent all that you have earned, consider investing the excess . Do not hesitate to ask for expert advice, in order to know the most advantageous solutions to make your money grow because time is your ally, the sooner you go about it, the greater your accumulated capital will be, thanks to the compound interest method .

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6. Be positive and believe in yourself

A lot of people don’t get rich because they don’t believe in themselves . Conversely, people who see things in a positive way will seize the opportunities that seem most interesting to them. If you believe in yourself, you increase your chances of succeeding and therefore becoming richer.

7. Learn to be well informed

To become rich, you must make the right choices, by implementing the most appropriate strategies and thinking about the most relevant solutions. Before investing in financial or non-financial assets,  creating your business, systematically get into the habit of keeping yourself well informed so as not to make hasty decisions.

At the same time, when you browse the Internet, only consult  relevant sites , which give you advice – but which do not claim to deliver a magic recipe that will effortlessly enrich you, like our website.

The 10 traps and scams to avoid

The 10 traps and scams to avoid

Nowadays, it is a good custom to find dishonest and unscrupulous people on the web who try to defraud people by using their weakness. Sometimes it’s so well put together that it’s hard to tell it’s a scam. There are quite a few people who get rich by the naivety of those who want to get rich on a whim. Always use common sense when opportunities present themselves.

Even today, many people continue to get caught up in the get-rich-quick schemes. People who know how to get rich are busy getting rich. They do not advertise to sell get rich methods. Among the 10 traps and scams most frequently encountered on the web, we can cite:

The magic e-book

This book must reveal a secret method to you to become rich before the end of the year. In this miracle e-book, you will learn practically nothing and worst of all you lose almost a trifle of 10 euros.

2. Miracle investments

In theory, they allow you to earn several tens of percent per month in one month, but in fact it is a Ponzi pyramid where new investors pay the interest of old customers.

3. Bogus legacies

who has not received one day in his mailbox, an email announcing to him that he had just inherited from a rich uncle in America. And of course to have all the information to claim this inheritance, you must first pay several hundred euros to the person who sent you this email.

4. Scams on remunerative sites

Sites that promise you to earn 1,000 euros or even 10,000 euros per month for reading advertising emails are just scams. You cannot hope for a few hundred euros per month maximum by devoting several tens of hours per month to it.

5. Fake refund emails

These emails containing the Social Security or Public Treasury logos are bogus. This is called phishing or phishing in French. In reality, Phising is the phenomenon through which scammers recover your confidential information, especially that of your bank account, to rob you.

6. Overpaid jobs

This type of proposal is often sent to you by email. For example, we will offer a salary 2 to 3 times higher than the minimum wage to send advertising mail abroad. Very often, it is traffickers who offer these fake job offers and you join mafia networks without even knowing it.

7. Living off your blog without working

If you have thought of creating a blog in the hope of hitting the jackpot, as some websites claim that they sell paid guides to get there, know that in reality, this is far from being the case. Only a handful of bloggers really make money because it takes skill. So don’t think that by working 1 hour a week that you will earn a comfortable income every month. These ads promoting blogs are only intended to make you buy guides

8. Martingales in sports betting

Martingales are used in sports betting. It is a practice where the bettor tends to bet much more the next bets hoping one day to win after having lost a small amount in the previous one. This practice assumes that the gain drawn after these multiple bets is greater than the countless losses recorded. It may turn out that by dint of betting, you will not have enough to make the nth bet.

9. Fake online brokers

There are many fake trading platforms on the net. Their users who want to get into trading, often deposit several thousand euros in their account to be able to invest, except that these fraudulent sites, not regulated by the stock market authorities, unlike the broker eToro for example, only steal their money.

10. Methods to win for sure at casinos

Some websites offer paid methods that obviously do not work and are therefore scams. It’s statistically proven, you will never win against a casino, no matter how you play.

Is it too late to get rich?

Know that it is never too late to become rich. Becoming rich at 40, 50 or even 60 is of course still possible.

Indeed, the media often gives us the impression that after 40 or 50 years, we have missed our chance. But in reality, this is false, very few millionaires, apart from those who have inherited their fortune, are under the age of 30. They represent a tiny minority.

Many wealthy people have found success after 50 . As proof, Amancio Ortega , the creator of Zara, became a multi-billionaire by starting his clothing business at the age of 39. As you can see, it’s never too late to invest and become rich.

Conclusion: Is It Possible to Get Rich Quickly?

We have tried to give you some tips that could help you get rich in 2022 . To conclude, we would like to remind you that any wealth project can involve risks . Never engage in an activity or investments that could ruin you.

Always find out beforehand about the risks involved to know if you are ready to assume them. Finally, never forget the key ingredient to success for any wealthy person: determination!

Can you get rich from scratch?

Yes, it is possible to get rich from scratch. You just have to know how to persevere while keeping this objective in mind, which will require making sacrifices to succeed. 
To achieve this, it is worth focusing on the different ways to get rich that we have given you in our guide.

Should you use leverage to make a lot of money?

Properly used, leverage can significantly increase returns to levels not possible with conventional methods. On the other hand, misused it can lead to a total and rapid loss of the capital invested, or even to personal bankruptcy.

What is real estate crowdfunding?

Real estate crowdfunding, also called real estate crowdfunding, allows individuals to finance a real estate transaction. Main advantage, the latter receives a very high remuneration, around 10% on average. Only Disadvantage: it bears a real risk of capital loss, partial or total.

What do we mean by a Ponzi scheme?

The Ponzi pyramid is a totally fraudulent financial system promising interest but in fact this interest is paid by new entrants. This system works well in case there are many new entrants but as the number of investors decreases, the system gradually breaks down. One of the examples of a Ponzi scheme is Bernard Madoff’s Scam of the Century.

How does the compound interest method work?

It is an investment method which consists in incorporating each year into its capital the interest received at the end of the year is reinvested in order to bring in interest in turn. By using this technique, you can get rich much faster over time.

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