Getting Rich is Actually Easy – Part 2

Getting Rich is Actually Easy
Time and a Dime *photo courtesy of

Getting Rich is Actually Easy – Part 2

This is a follow up toGetting Rich is Actually Easy – Part 1 , which you might want to check out if you landed directly here.

“Time plus a dime.”

Quite a few people contacted me asking how I would go about getting an 8.5% return. Thanks for the feedback! To answer this I posted 2 additional articles that addressed my approach to solving this challenge.

Investing For Wealth Part 1

Investing For Wealth Part 2

There were also some readers who had some skepticism about the reality of getting the returns I referred to in Part 1. Good! A healthy amount of skepticism is a smart survival mechanism. For those people who may not have seen the link in the comments, this post to average market returns over time, should provide some encouragement.

Getting this type of return is really just about keeping up with the market. I like to keep my risk limited. This is something we should all consider doing if

  1. You’re getting a little older.
  2. You lack sufficient knowledge of basic investing.
  3. You are simply not interested or comfortable with investing by these methods.

In the real world, there are people who are highly skilled, and harder working than I am, who take greater levels of risk and do much better than the market averages.

Revisiting the awe inspiring power of compounding returns was really what Part 1 was about.

The other side of the coin (pun intended), is time.

Oh to be young again! Well, truth be told, there are just as many reasons I wouldn’t want to be young again as there are reasons I would. Never-the-less, if I was, I would do a few things very differently. The first thing that I would do is work to buy my future freedom. Then I would slow down, chill out and enjoy the ride.

If you have the benefit of time, making a lot of money is so easy, it’s ridiculous. It frustrates me to no end when I see young people who haven’t learned the lessons of easy money, or fail to listen to all the older people trying desperately to pass along knowledge that could be so life-changing.

As young people, many of us are still lacking in self-esteem. When we start getting some money coming in with our first job, we use it to try to buy it. Self-esteem can’t be bought. It doesn’t come from “stuff.” Where it comes from is the subject of another post, but suffice it to say, you won’t find it at the mall.

What do I mean by “buy my future freedom?” I mean that in order to survive in this world, you need to have food and security. That’s what money can do for you. In fact, it’s about all it can do for you.

Step One is to figure out how much you need in order not to have to work at something you don’t enjoy. It’s much less than you think. Examine the lives of some of the people practicing Minimalism, Downshifting, Voluntary Simplicity, Simple Living, or even the ascetics. They are happy living with less. I’m not recommending you go to extremes, but that you simply understand that a new car, a closet full of clothes, or the latest iPhone is not necessary; they are luxuries. They are “wants” not “needs.” The money spent on them can buy you your freedom from a life of servitude. If I were young again, I would go to fewer concerts, and buy way less alcohol! I would be more frugal.

Step Two is to follow the three most important rules necessary to buy your future freedom. They are:

  1. Save and Invest
  2. Save and Invest
  3. Save and Invest

What’s crazy here is that it’s just not that complicated. It’s all the distractions in life that complicate it. Our need to be liked, combined with the efforts of masters of marketing, working overtime to separate us from our earnings, that makes it difficult. This is where focus comes in. Keeping our “Eye on the Prize” is, at times, not an easy task, so it must become a habit.

So I’ll say it again, “Getting Rich is Actually Easy.”

Focus. Modest earnings. Average Returns. Time. Patience.

These are the things it takes to be rich.


It should go without saying that you are responsible for your life in all dimensions. Take what I have written here only as my non-professional opinion. You must decide what is right for you and seek professional assistance as you feel necessary. Thanks and all the best!

Related posts you can enjoy…

How a Regular Savings Habit Made T. Johnson $70 million

Understanding Investing for Wealth Is Easy: Part 1

Understanding Investing for Wealth Is Easy: Part 2


Today I would like to express my gratitude to those who leave comments. They guide me and inspire me. A great representative of this is LivingIntentionallySimple. Thanks for the feedback!

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