Being rich is not the same thing as being wealthy.
The grandchildren will be lucky if they get to enjoy a bit of that wealth.
Financial specialists and tycoonsadvise people toavoid spending money on what they do not need.
Image: gettyimages.comSource: UGC
Otherwise, they will soon sell what they need to get money.
Most of them accumulate an average net worth of $7,400,000 in 12 years.
They are the most satisfied and stress-free people in life because they focus on what they love.
Read also
Build your career
Moving up the corporate ladder has never been easy, but it is possible.
30% of affluent South Africans are professionals.
Otherhigh-earning careersin the country include law, medicine, computer science, actuarial science, and engineering specialists.
Image: gettyimages.comSource: UGC
Banks are offering better lending terms and conditions on home loans, and the tourism industry boosts real estate.
Livestock, poultry, and fish farming thrive in South Africa because of the favorable climate and fertile soil.
Grow a variety of trees, medicinal herbs, flowers, and crops like vegetables and tea.
Read also
Sell charcoal, homemade butter, margarine, and cooking oils (from animals and plants).
you could also plant trees and crop seedlings and sell organic manure.
Start avirtual business or build a careeronline.
Image: gettyimages.comSource: UGC
For example, bridge the gap between cleaners, tutors, and beauticians customers.
Develop mobile apps like games.
Sell your apps or put them on Google Play Store and Apple Play Store.
Read also
There are countlessmobile app gaming ideasthat you could develop, depending on your level of creativity.
You will earn by charging people who use your platform a subscription fee.
Unemployed and in debt?
Image: gettyimages.comSource: UGC
Outsource online publishers, authors, tutors, and other professionals you need in youronline school.
you could also provide the same services to domestic travelers.
Are you a qualified professional?
Read also
Start an online consultation agency in your niche today.
Provide do-it-yourself tips in health, financial management, plumbing, beauty, and more.
you might alsojoin eCommerce market placeslike Amazon, Walmart, Jumia, Kroger, and Alibaba.
Image: gettyimages.comSource: UGC
You needinvestment assets that are worthUS$1,000,000 (R17,000,000) to be considered well-off in the country.
Sacrifice some things like excess leisure for success.
Protect your physical and mental health for you to make more money.
Read also
Briefly.co.za will enlighten you about multiple means of earning on your YouTube.
Do it as a side hustle or a full-time career like Jake Paul.
He is one of the highest-paid YouTubers.
Image: gettyimages.comSource: UGC
She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019.
The writer completed a Google News Initiate Course.
you could email her at perisrodah254@gmail.com.
Image: gettyimages.comSource: UGC
Read also
Image: gettyimages.comSource: UGC
Image: gettyimages.comSource: UGC
Read also
Image: gettyimages.comSource: UGC
Read also
Image: gettyimages.comSource: UGC
Read also
