How to Escape Poverty: Five Steps to Wealth

Imagine you were fortunate enough to be born in a country where it's possible to become wealthy without drowning in bureaucracy and restrictions. A country where the generational tradition of living in poverty can be broken by your efforts and determination. But how do you turn dreams of wealth into reality, especially if you currently have no capital?

Imagine you were fortunate enough to be born in a country where it's possible to become wealthy without drowning in bureaucracy and restrictions. A country where the generational tradition of living in poverty can be broken by your efforts and determination. But how do you turn dreams of wealth into reality, especially if you currently have no capital?

Wealth Begins with Business

A job provides stability, but not wealth. A salary, a mortgage, a yearly vacation — it's a comfortable life, but without prospects. If you want freedom and a lot of money, you have to take risks. The real chance to get rich comes only with your own business. Yes, you could engage in large-scale theft, but that's also, in essence, a business — just with special risks.

Work with Other People's Money

It doesn't matter how much money you have, wealth is built on others' money. Use your own funds for tests and experiments, but attract most of the capital from others. Entrepreneurship is about finding people, money, and ideas. Even if you have your own resources, you will always want more. So seek out investments, partners, and opportunities.

Forget the advice "get rid of your debts." Consumer debt is bad, but business loans are inevitable. The more loans, the higher the chances of success. If you don't want to take out loans, find partners who will invest their money in your business.

The Future is More Important than Showy Consumption

If you start spending money on status symbols, trying to prove your success to others, you are trading your future for short-term pleasures. Those who grow the fastest are those who put the interests of the business above personal status until the business reaches real wealth. Building a business doesn't require branded clothes, expensive cars, or vacations in the Maldives. All of this leads to a loss of freedom.

Consumption is everything we spend money and time on: relationships, children, hobbies, sports, charity. If you want to increase your chances of success, cut unnecessary expenses that drain your money and time. A balanced life is for those who are satisfied with stability.

Connections Aren't the Key to Success

It's commonly believed that "magic" connections are needed for success in business. But a business built only on connections grows as long as people stay in their positions. For real growth, you need to be able to sell and hire unfamiliar people. Connections come later, as a result of a successful business.

Actions Speak Louder Than Words

Advice from the poor on how to get rich is a mix of myths and outdated theories. Advice from the rich is their polished story. Real work and deals are what matter. Dive into the essence, not the pretty packaging. Can't get the necessary information? Learn, experiment, hire professionals.

Getting rich means living in a way no one else wants to, so you can eventually live in a way no one else can. Your path to success will be difficult, but in the end, you may become the one who sets the rules.