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The idea of being rich is something that many of us dreamed about as kids. If you work hard, do well in school and in your career, you’ll certainly end up wealthy! Right? Well, adulthood often confronts us with harsh realities, one of which being the fact that getting rich is not easy for the vast majority of us. Today, I simply aspire to be able to provide a comfortable life for my cat, forget about owning a home or driving a fancy car.

But according to some, it is possible to accumulate wealth if you take the right advice. Redditors have recently been sharing tips for realistic ways that the average person can become rich, so we’ve gathered some of their insights below. Enjoy reading through, and be sure to upvote all of the financial tips that you plan to try for yourself!

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#1

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Well I got hit by a semi truck, lost a leg, and got a multimillion dollar settlement. Your experience may vary.

seth3511 , Tom Jackson / pexels (not the actual photo) Report

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#2

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked The best advice I ever received in my life:

"Get good at doing something wealthy people need, and you will always have work."

The guy who told me this fixed air conditioning on yachts. No one who can afford a yacht is going to put up with the a/c not working on it, no matter what the current economic situation is like.

angry-user , Pixabay / pexels (not the actual photo) Report

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Pyla
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3 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Sell to the classes, live with the masses. Sell too masses, live with the classes. Old saying

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#3

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Pretty much by definition, an "average" person can't be rich.

A small percentage of people get rich by being exceptionally good at, say, music or sports or salesmanship. What's far more common is that rich people had some kind of considerable head start that isn't available to average people.

The most "realistic" way would be to pursue some sort of high-demand and well-compensated career such as cardiology or plumbing, then being unusually scrupulous about saving and investing, and then marry a partner doing exactly the same thing.

Glade_Runner , Pixabay / pexels (not the actual photo) Report

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3 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

If you get training in one of the trades (plumbing, electrician, HVAC, mechanic, etc.), you are pretty much guaranteed a comfortable income. No need to be unusually scrupulous......just be smart about saving. And invest your money, don't just save it.

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#4

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Find a job that nobody wants to do and then make a business out of it.

Brian-Latimer , Czapp Árpád / pexels (not the actual photo) Report

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#5

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Start a course telling others the secret to success.

Lucifer-Morniingstar , Pavel Danilyuk / pexels (not the actual photo) Report

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deletemyaccount
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2 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

For $10 I will teach you my secret to make 5 figures a month by working as little as 1 hour a week.

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#6

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Spend less than you earn, invest from an early age.

SpillTheTea-01 , Kaboompics / pexels (not the actual photo) Report

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3 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This is easy for people who already have some sort of financial independence. But for many this is just impossible, money and time wise.

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#7

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Inheritance.

Crucenolambda , Brett Sayles / pexels (not the actual photo) Report

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2 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Two bugs: 1) I like my parents. A LOT. I might even go so far as to say I love them, and I sure do love having them around. 2) They don't have money, so there isn't anything to inherit. 🤷 I do realize it's my fault, as both issues could have been solved by choosing different parents, but I'm told the right of return has expired.

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#8

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Marry a rich person or someone from a rich family.

It’s the most important financial decision you can make.

el_dude_brother2 , Deesha Chandra / pexels (not the actual photo) Report

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#9

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Winning the biggest jackpot at the lottery is genuinely the most realistic way for most people. 




Earning and investing will get you, at best, a comfortable middle-class lifestyle.

Warm-Astronaut6764 , Waldemar Deesha Chandra / pexels (not the actual photo) Report

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3 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Pretty much what I was thinking of saying. Nothing wrong with sensible financial advice as in the other postings, but if you want to be really rich as opposed to comfortably off, you really need a multi million windfall, or get into something at the ground floor (e.g. bitcoin) assuming you are astute enough to guess where things might head. I regret not having the imagination to see in the mid 90s where opportunities lay in the burgeoning internet

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#10

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Right place right time.

Everyone gets 2-3 chances to become super rich in their life time. In my time, it was Bitcoin. After that it was Dogecoin. After that it was Nividia.

I missed every single one of them.

Will there be more? Probably. Do we know what they are? Probably not.

SorryCashOnly , Athena Sandrini / pexels (not the actual photo) Report

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2 days ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I missed eBay, Microsoft, and Yahoo. But I didn't have any money then, either.

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#11

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Embrace frugality. Reducing unnecessary spending can help increase savings.

KarenHelen271 , cottonbro studio / pexels (not the actual photo) Report

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#12

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Reinvest earnings from investments.

SandraMaria805 , Liza Summer / pexels (not the actual photo) Report

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Back in St. Olaf
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3 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Just make sure you set aside enough of those earnings to pay taxes on the capital gains.

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#13

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Set clear boundaries with finances.

SarahMaria732 , Mikhail Nilov / pexels (not the actual photo) Report

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Kelly Scott
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2 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Finances, listen up! We are going to save $100 every month! *landlord raises rent $150 a month* S**t.

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#14

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Stay consistent with your financial strategy. Regularly reviewing goals can help keep you on track.

99Deborah324 , Kaboompics / pexels (not the actual photo) Report

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#15

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked I have a family friend who was a child of a single Mom during the Depression. i.e. raised in extreme poverty. He became a multi-millionaire. A friend who always wanted to be rich kept asking me "his secret". So I told him.

After serving in WW2 he did nothing with his life then he was recalled for Korea. After two wars as a combat Rifleman he told himself he had to do something with his life so got a degree in a business field(dont want to say for privacy reasons). He worked that field living a pretty good middle class lifestyle for the next 20 years when the company he worked for was forced to sell. He risked his middle class lifestyle mortgaged everything he had along with a couple of partners and brought the business.

20 more years of putting every penny back into the business, having the wife complain about giving up her nice middle class lifestyle for "this" and driving old cars while his employees had better and finally the business takes off, they are brought out by a Mega-Corp and he comes out with tens of millions which he proceeds to invest carefully, still driving used Cars. Today in his 90's he is worth North of 100 million.

So the answer I gave my friend was learn a skill, get a job that pays the bills, take a risk when opportuntity presents itself, keep investing in yourself, your business and in the Economy and if you are lucky a mere 50 YEARS later you might be wealthy. It was not answer he wanted to hear. Only the very few become wealthy in their youth i.e. win it, inherit it or are super genius., without decades of effort. Time, investment, patience are the way to do it. Not as easy as it sounds since must of us can't do that.

Spare-Sky1322 , Andrea Piacquadio / pexels (not the actual photo) Report

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#16

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Realistically it takes a long time. You’re gonna need a job that allows you to make more money than you spend. Invest at least 20% of that money into index funds, high-interest savings accounts, certificates, etc. consistently and frequently and let it grow over decades. If you do this and max out your 401k contributions you’ll eventually become a millionaire and have enough to retire.

How do you become rich sooner as an average person with an average job? Have rich parents that pass away.

LongLiveTheSpoon , Pavel Danilyuk / pexels (not the actual photo) Report

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1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Realistically it takes a long time. At least five generations (all with good strategy and will to follow)

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#17

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Explore opportunities in emerging markets.

DorothyKimberly776 , MART PRODUCTION / pexels (not the actual photo) Report

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#18

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Stay disciplined with savings. Regularly contributing to your savings can lead to financial stability.

ElizabethFox80 , Kaboompics / pexels (not the actual photo) Report

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#19

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Be proactive about financial planning. Creating a budget can help guide your spending and saving.

KimberlyHeart71 , Kaboompics / pexels (not the actual photo) Report

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Kelly Scott
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2 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Unfortunately, housing, food, and utilities guide my spending (and there ain't no saving).

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#20

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Live below your means. Keeping expenses low allows you to save more and invest in your future.

BettyDorothy838 , Erik Scheel / pexels (not the actual photo) Report

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#21

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked "Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it."
- Ben Franklin

Edit: This comment got some traction and I'm seeing a lot of people disagree or downplay compounding in the thread so I want to address some of what I'm seeing -

1. Compound interest alone won't make you wealthy, it's just one of the tools (arguably the most important one) that helps along the way. You need to continually save and contribute to the investment and do it over a long time span of 30-40 years. It's important to start as early as possible and keep doing it consistently.
2. "Interest" in this quote can be interchanged with "returns". There are very few fixed interest rate investments these days that will give you proper returns. Low cost index and bond funds while reinvesting your dividends provide compound returns which gives you the same benefit. The "compound" is the important part of the quote, not "interest"
3. Take advantage of tax advantage. Tax advantaged accounts are some of the best tools available to the everyman to help grow your balance. IRAs, 401k, 403b, HSAs, learn about all of them and which you can leverage to help you get to your goals
4. Diversify your investments so nothing will totally wipe you out. You will have up years and down years but the most important thing is always being able to play.
5. Pay attention to and control your expenses. The two components of being able to save is your earnings rate and your expenses. The net of that is your possible savings rate. It's much more difficult to control and grow your earnings rate than it is to simply lower your expenses. Learning to live off less than you make and controlling your expenses will help you with every aspect of your life
6. Avoid debt as much as you can. Don't finance a car, don't use credit cards if you can't pay off the balance in full every month, don't use any BNPL services, pay off your mortgage as fast as you can

If you do all of this and **CONSISTENTLY SAVE** over a decades long time frame, compounding will take care of the rest, I promise. This is all stuff the average person has access to and can use that will get you wealthy in your life.

Antony_Aurelius , Liza Summer / pexels (not the actual photo) Report

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2 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

My mortgage rate is 2.75%. I'm not paying it off as quickly as possible (maybe a little accelerated). Any money on top of regular payments will do much better properly invested.

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#22

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked It depends on how you define being rich.

If you’re looking at it from being financially secure where you’re comfortable, you have to earn more than you spend.

If you’re looking at it from becoming financially independent, then you’ll need to save, invest, and work.

If you’re looking for FU money, start a business.

Hashtagworried , The Lazy Artist Gallery / pexels (not the actual photo) Report

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#23

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Explore entrepreneurship. Starting your own business can be risky, but it also has the potential for high rewards.

SusanBetty977 , Kawê Rodrigues / pexels (not the actual photo) Report

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#24

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Share financial tips with friends. Teaching others reinforces your knowledge and may open opportunities.

99Deborah324 , Helena Lopes / pexels (not the actual photo) Report

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#25

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Evaluate your risk tolerance. Understanding your comfort level can guide investment choices.

KarenDivine70 , D'Vaughn Bell / pexels (not the actual photo) Report

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#26

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Stay engaged with financial news. Keeping up with trends can help you make informed decisions.

SandraSusan736 , cottonbro studio / pexels (not the actual photo) Report

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#27

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Get involved in your community. Local connections can lead to business collaborations and job opportunities.

LauraLuxe74 , Matheus Bertelli / pexels (not the actual photo) Report

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#28

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Stay engaged with financial podcasts.

LisaMargaret800 , Amar Preciado / pexels (not the actual photo) Report

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#29

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Join online communities related to your interests.

MichelleBunny8 , Andrew Neel / pexels (not the actual photo) Report

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#30

30 Realistic Ways For An Average Person To Become Rich That Are Often Overlooked Assess your financial habits regularly. Identifying areas for improvement can enhance your wealth-building efforts.

SteamyNancy259 , Kaboompics / pexels (not the actual photo) Report

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3 days ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Paying 9% extra monthly on my mortgage at the end of year one reduced the payment period from 24 to 18 years at a stroke. We had both received a pay rise, and diverted part of it before we got used to it.

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