Can you get wealthy working a 9-5 job?

Can you get wealthy working a 9-5 job? 🤔 #millionairemindset #moneymotivated #wealthy #wealthymindset #millionaire #moneytips #moneytoks #moneymindset #careeradvice #careerchange #9to5

[jasonblais]

i like this guy being interviewed. doesn’t make viewers feel like idiots.

[YT_Watchers]

“If you don’t make money when you sleep, then you will spend your whole life working in the day”

1) Gather paper
2) Put money in places where money works for you. Be consistent. Be patient.

[wheelhouse]

Wealth comes from money management, not income. You could have a high income but be terrible with money and be broke.

[kvebprw]

Sales are an exception. If you can get a percentage out of a deal and then sell $1 million worth of that product you’re going to make way more than an hourly wage.

Investing is also a way towards wealth. Start early and let the compounding do the work. By the time you’re 40 you could have millions put away.

Not everybody has to be an entrepreneur or an influencer. Not everybody needs to be filthy rich either. Some people are content to have stable jobs and spend their time with family and loved ones. Not everybody has to grind 24/7 to be a billionaire while neglecting all other areas of your life.

[steveharper]

I like the explanation of the "cashflow quadrant" . In simple summary yes you need to be a business owner and or an investor of some sort to get wealthy. Being paid just for an hourly rate is always going to come with a much smaller wealth potential than being a successful business owner or investor. The only reason any person would ever receive a "high paying job" in the first place is because someone else out there is making so much money than can justify paying you that.

[knowthyself]

My brother works for Costco and has stock options, yeah he is a millionaire.

[bonethugsfiend]

You have to do something besides just your salaried job. You can invest in rental properties, buy a business, invest in stocks. And with money saved from your job you can use that as collateral to take out loans to do these things.

[karladenton]

If your work offers Employee Stock Purchase Plan, even a job can get you SOME equity. I've been lucky enough to work for a couple of F500 companies that had that available for even rank and file. About 10% of my first 1M came from stock options, ESPP, stock bonuses.

[letsgowalk]

Yeah, and how many VPs of Nvidia are there? 😂

[theoriginaljohngalt]

Money is not the only thing that means people are “wealthy”. I guess none of these people have family or kids. How much time can be spent with your kids if you’re solely focused on money? So much more to life.

[tsaunders]

Most people can't get jobs where equity is an option

[calebdoner]

Depends on what you mean by "Wealthy."

[truckingmoney]

You can get to 5-10 million with a job but more than that you will need more income

[TheFireGiver]

For the vast majority of the population getting rich shouldnt be the goal. People forget how much risk is involved in getting truly rich. Not to mention the stress and time. Give me an upper middle class income with good investments any day. I can do that with a 9-5 with minimal risk. If you save diligently, you can retire early and spend 30 to 40 years of your life financially independent. The increase in happiness you'll get from being truly rich is marginal. Are you really going to be that much happier if you drive a Lamborghini instead of an Audi?

[letsgowalk]

When I had a regular 9 to 5 job, I was so exhausted when I got home, I had no energy to do anything else.

How do people find the time to do a side hustle?

[JTygerAU]

You don’t just walk in and say “hey I’m going to be VP of Nvidia”. You get there by working a job first. The problem I have with these takes is that they make it seem like it’s wrong to work a job. That’s where you get the skills to get to a high net worth. Some people are just built different and can make their own road, but this is terrible “general advice”, because all the people that can take advantage of this advice don’t need it.

[Jamescschwenk]

Being a good trades men is starting to become more and more worth it with the amount of tradesman retiring and not enough people stepping into their shoes. This makes it so you can set your own prices for the work you do cause there isn’t as much competition

[erosv]

So what are examples of types of equity that anyone can own other than stocks?

[i_am_processing_]

Not from the wages. But it is possible if you invest or find some other way to make your money work for you.

[Steve-zfcv]

This is the same guy that thinks 40k to 60k is a 40% increase