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I want to learn how to make good money and spend that good money in a day

What was a good thing you accomplished making money to become rich

business finance money-management
Thank you comment icon I know hard work comes with a good pay but I want to know what was the challenges that you or other people did to become successful Micaiah
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Peter’s Answer

You don’t need to have it all figured out right now, but try to find something you really enjoy and can see yourself sticking with — that’s what makes work feel worth it. There are plenty of careers that pay well, but the ones you’ll enjoy most are the ones that match your interests.

Also, keep in mind that building wealth isn’t just about having a high salary. It comes from living below your means, being smart with your money, and starting to invest early — like in a Roth IRA or 401(k). Those small decisions add up over time and can set you up for a solid future.
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David’s Answer

You have the potential to achieve great success by finding something you're truly passionate about, something you can fully commit to. When you choose a path that excites you, it makes the journey enjoyable and fulfilling. Remember, there are many careers that can provide a good income, so choose one that sparks your interest and go for it. Also, don't forget that investing your money wisely, especially in options like a Roth IRA or 401(k), can help you build wealth over time.
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Shaun’s Answer

Micaiah - you asked a great question at a great age. Here is how I went from almost nothing to millions in net worth today:

- Finish school and pick a major you not only like and can get excited about, but can help you with your career. I was an Econ/Pol Sci major - eventually I got my MBA, but the company paid for that :-)
- Look for value in everything. Your school: Find a state school or community college where you can leverage public funds. It really doesn't matter where you graduated from once you've been in the industry for 10 or more years. Cars: Buy a good value car. Think cars like RAV4 and Ford CMAX.
- Work all the free time you can and avoid costly vacations. SAVE all the money you can and invest the money in an S&P 500 index fund and let it ride. You will be amazed how the money grows over the years. I had all kinds of odd jobs where the flexibility of hours was key. I'd work extra hours when I could and socked the money away.
- Buy real estate when you can. This is a great investment. I bought a two-bedroom condo in my early 30's and rented out a room to pay for the mortgage. I used that condo to leverage up to the house I have now.
- Remember this: Spend money on your investments - your schooling, your real estate, your index funds and avoid (or minimize expenses) - fancy clothes, a new car, expensive vacations, etc. When you spend your money ask - is it an expense I can live without right now or investment in my future?
- Stay focused. While others are going into debt going on fancy vacations and expensive cars - do the opposite and stash that money into your index fund. Also avoid putting your money into anything else than a plain old S&P 500 index fund. Just stay the course.

You don't need to be in a high-paying job or own a business to make money. Read the great book "The Millionaire Next Door" to see what I mean.

You are asking the right questions. Keep up the good work. You will get there.

- Shaun
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Landon’s Answer

Lot of great advice here and it's excellent that you are looking to figure out practical ways to have a solid income. Couple pieces of advice below.

1. Start putting money away early to a savings account such as a 401k. That money will accumulate fast and over time, you will be surprised at how much a little each month will accumulate to.

2. Always be looking for side gigs that won't take much of your time but is also a great source of additional income. Even something that is only 10-15 more hours of work a week will add up very quickly.

3. Finally, always be looking for career advancements while at the same time, getting the experience. As you get the experience, different opportunities will pop up that will allow you to not only advance in your career but also increase your income.

Good luck!
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Tiana’s Answer

Hi, Below is steps of how to make good money:
• focus on building high-income skills such as digital marketing, copywriting, or freelancing skills that can earn me $25 to $100 or more per hour even without a degree.
• research remote jobs , there are alot of remote jobs that doesn't prefer any experience which is a good start
• offer a service like selling art pieces , graphic design or social media help.
•
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Anand’s Answer

Hi Micaiah,

Getting a bachelor's degree in STEM or Business can really help you find a good-paying job. Once you start earning, try to save at least 20% of your income. Remember, saving is important, so don't spend it all at once.

Best regards,
Anand
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Cole’s Answer

Hi Micaiah,

There are many career paths that provide a good salary. Some of the highest-paying careers typically require a college degree, such as physicians, surgeons, dentists, pharmacists, software engineers, petroleum engineers, actuaries, and financial managers, with median salaries often exceeding $100,000. Skilled trades like electricians and plumbers can also offer high salaries, often without the need for a traditional four-year degree. Additionally, emerging fields in technology, such as data science and cybersecurity, present high-earning opportunities for those with the right education or certifications. Also be sure to save and invest your earnings, as this can really add up over time.

Best,
Cole
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Nayesh’s Answer

Making Money can be a powerful tool for achieving personal and professional goals. keep these in mind on achieving your goals:

1. Continue and complete your education.
2. Investing in your growth
a. Continuous upskilling
b. Start a business - Side hustle -create additional income
c. Investing in Stocks ,Crypto IRA's
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Cara’s Answer

Hi Micaiah,

Building wealth takes time, desire and willingness to take action along with reading, research and some curiosity. I highly recommend reading the book, Think & Grow Rick by Napoleon Hill. I think this may help you start to shape your mindset around building wealth.
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Michelle’s Answer

I think this is the million dollar question! If you're passionate about something, I believe you'll set your mind to be the best you can be in that field and it'll make you want to become more successful and make more money. Specifically to my career, I have taken on roles on top of my day to day job just because I knew those opportunities would put my name out there and get me in front of senior executives. By making myself known, I have made tons of meaningful connections that have gotten me to where I am today.
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Desirae’s Answer

Start saving and investing early to achieve your goals. Even setting up a small automatic investment each week can build funds for a passion project that might earn you money. To maximize returns, consider getting a stable job and regularly putting part of your paycheck into a separate savings account. This money can later be used to buy real estate or start a business, both of which can increase your income.
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