Financial experts agree that anyone can get rich by taking the right steps, even on an average salary. Ramit Sethi, a self-made millionaire, suggests investing in an S&P 500 index fund and negotiating for a higher salary. Additionally, finding a side hustle can bring in extra funds to accelerate wealth-building. Sethi emphasizes the importance of consistent investing and increasing income over time. It’s crucial to research salary ranges and aim for growth. Side hustles like Airbnb hosting or freelancing can provide additional income streams. Sethi advises reaching out to your network for feedback on skills and pursuing passion projects or side businesses. The key is to choose a side gig that aligns with your interests and use the extra income to invest wisely. Real wealth-building may seem boring, but it’s achievable with dedication to saving, investing, and increasing income.
Read more at Yahoo Finance: Ramit Sethi Shares 3 Tips for Becoming Rich on an Average Salary
