Want to get a super-high net worth? Start buying real estate as soon as possible. Ideally, buy with cash. The more lucrative of a job that you start out with, the better. A six-figure job with low expenses will allow you to buy more real estate in shorter amounts of time.
Check the age and the condition of the house before you buy. The condition being in the green (good condition) will make it far easier to sell the house, and to make it more likely that someone will pay higher than the asking price for the house. Buy an older house, as newer houses don’t tend to appreciate in value to the degree that older houses do.
Every once in awhile, sell enough houses to buy something that’s really expensive. The more cash that you have on hand, the more expensive the offerings, and the more expensive of a house that you buy, the more it will appreciate in value as the years go by. Keep checking the condition of the house, though, as sometimes expensive houses can be in terrible condition, too.
The lottery is a great way to get rich, but what do you do after you win all of that money? Easy – invest it in real estate. Buy as many houses as you can, with cash, making sure to leave enough money in your account for all of the maintenance. Hold onto the real estate for as long as you can. All of your wholly-owned real estate contributes toward your net worth.
Some jobs can be worked forever, while others, such as the military and other government jobs, have a mandatory retirement age – 62, in the case of the military. Don’t quit your job and retire, especially if you are in a job while you can still fight for promotions. Ask for a raise or a promotion as often as possible; you won’t get one all of the time, or even most of the time, but you’ll get one enough to make it worth it. Always ask once per year – more asks per year won’t do anything.
Keep your relationship with your spouse strong. If they divorce you, they get half of what you have in the bank. By that same token, if you divorce your spouse, you’ll get half of what they have. If they have a ton of money, then you’ll get a huge divorce settlement. If they don’t have a lot of money, you won’t get much.