My goal has always been to get rich, perhaps even to become wealthy. I started pursuing wealth systematically without initial capital or wealthy parents at the age of 16. I am now under 30 years old. I will briefly explain how I have operated in the past and how I operate now.
NOTE! The purpose of this thread is not to highlight my own (insignificant) financial success, but to get new ideas and thoughts from older and wealthier people.
My old strategy
-I worked like crazy (many working hours)
-I invested over 50% of my net salary
-With a high savings rate on a gross salary of approx. 3000e/month, I had to minimize expenses
-I lived very frugally
Businesses: -
Investment strategy:
-I only saved in index funds
Result: My assets grew by only 25,000-30,000e/year
Why wasn’t this a good plan?
- Minimizing expenses for years does not increase quality of life
- There’s a limit to minimizing expenses that is quickly reached
- With that strategy, you will certainly become well-off, but never rich
- Deadly boring
My current strategy
-Main focus on earning, not minimizing expenses
-Doing the right kind of work, in the right place, in the right way → Higher salary
-Self-development/studying → Higher salary
-There is no upper limit to earning → Currently, income is 2.5x what it was before, but still too small to get rich
Businesses:
-Trading → Financial benefit is not tied to time spent
-Controlled risk-taking in trading → If you can buy an apartment, car, watch, or boat clearly below market price, it often pays to buy and sell it forward
-Occasional employment of others
Investment strategy:
-Investing with higher risk → Focused on growing Finnish small companies
-Utilizing informational advantage (legal) and following top performers has brought excess returns
-Newly built, company-loaned studios in growth centers → ROE 12-16%
-Utilizing collateral → Half of a quarter-million stock portfolio can be given as collateral to the bank to buy a few investment studios with even 100% leverage → ROE infinite
Result: Assets have now grown by 35,000-40,000e/year
Now I need to develop my current strategy, because with it, I won’t get rich. With my current strategy, I can easily accumulate a few million in assets, but by no means twenty million. Friends who are entrepreneurs, flip apartments, do real estate business, or are shareholders in companies make a lot more money. So I should become an entrepreneur or a shareholder, invest in small unlisted companies, find a salaried job that pays well over 100,000e/year, or start seriously dealing with debt leverage in apartments and real estate.
Tell me, Inderes’ money men and wealthy women, how do you make money?
Sitten helpottuu. Saa nähdä 
. Viime viikot olen enemmänkin miettinyt, että ei ihan palkkatöillä rikastu pelkästään. Varmaan paras tapa voisi olla asuntosijoittaminen, sitten 2-4 vuoden päästä tai listaamattomiin yhtiöihin sijoittaminen sitten 5-10v päästä. Voisihan sitä ottaa kunnolla riskiä ja perustaa yrityksen, jos vaan idea syntyis 
.
