You can get rich quick but it’s unlikely to be easy. First define what quick means. In an 80 year life, I’d say quick would be 5 years, though you could stretch it to 10.
You also have to define what rich is. So let’s say USD2.0 million. That’s a reasonable sum. If you put that in a dividend stock like IBM and received 5% per year plus some capital gain, you’d have USD100,000 per year income and a growing capital base. This would be more than 3x the average salary of a US worker and they’d never have to lift a finger for it for the rest of their life. For the average person, that would be life-changing and feel rather rich.
Can it be done? Of course it can. You can achieve anything. It is rare but happens 1,000’s of times per year.
Example can be found in tech startups, sports, entertainment, music, finance, sales and small companies. In 5 years, a person can go from 17 and obscure to 22 and minted. It won’t have been easy but it was very quick. Now go make it happen!
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