In this episode, I tried to categorize wealthy / rich people based on the path they took to building / generating wealth. I relied loosely on a classification made by Tom Corley, in one of his articles (https://www.cnbc.com/2019/09/27/4-main-paths-to-becoming-millionaire-here-is-the-easiest-way-says-money-expert.html) on CNBC. The four major paths to getting rich / becoming a millionaire are:a) Saver-investor pathb) Dream (pursuing a dream as an entrepreneur, sportsman/woman, artist, etc.)c) Company climbersd) VirtuososI also did a poll on twitter (@NosaMUgiagbe) to find out what path people thought was the easiest way to get wealthy. People who are born into rich homes or who marry into rich home were not considered, as we are trying to figure out the path that would work for everyday people like you, my audience.I also highlighted steps to be taken, especially, if you are following the Saver-investor path, to ensure that you can achieve your financial / investment goals. These steps are:a) Invest in yourselfb) Create and use a monthly personal financial budget and stick with itc). Save and invest consistentlyd). Create additional income streams8passive or active). It is easier to scale passive income that it is for active incomee). Pay off your debt if economic conditions allow and try to avoid debt that isn’t investment related – Leverage can enhance your returnsf). take risk and do not procrastinateSome of the other articles mentioned on this episode include:a). How much annual income you need to be happy, beyond which increase in income doesn’t necessarily lead to increase in the level of happiness: https://www.weforum.org/agenda/2018/03/how-much-money-do-people-need-to-be-happyb). Entrepreneurs do not have a special gene for risk. Most of them just come from families with money: https://qz.com/455109/entrepreneurs-dont-have-a-special-gene-for-risk-they-come-from-families-with-money/Please feel free to reach out to me on:a). twitter @NosaMUgiagbeb). Instagram @Nosa_Ugiagbec). LinkedIn @ Nosakhare M. UgiagbeSee you on the next episode!

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