How to become wealthy in the United States? The exact question should be how do we become wealthy no matter where we are, because I believe whoever live in the real world don’t want to be poor. We have to make living and live a good quality of life. But the United States, as the biggest economic entity in the world, which also worships freedom, should be the best place for people to use their own methods to seek wealth. So that’s the significance for us to discuss here, personal abilities, environment, social systems, and the point of time to become wealthy.
The foundation of the United States is built upon hard work. People turned this new land into organized dwellings, by doing plantation, cultivating animals, building up houses, roads, skyscrapers, cities, and decorating their lands with their creativity. I think that the most important thing to be wealthy is that you are dying for wealth. You should have that mission. Once you have the mission, you plan, and begin working hard with the long term determination. With the mission, you have the vision, so you will think very carefully where you can get the money, from whom you should learn, accumulate both knowledge and experience in the lessons of gaining wealth. The eager for wealth may aspire your creativity and your potential. Your demand will be so strong that you will not give up until you are rich.
Then you may ask who doesn’t want to be rich? I dream it every day so desperately but it doesn’t come. I am still struggling under the water. Then we should use some statistics to summarize what traits the rich people have and then try to mimic their ways. In Bio’s article, “The 7 Top Ways Millionaires Become Wealthy”, indicates the practical ways from how to restore money, to the built-in qualities and then to extend the chance to gain wealth. The most important thing we should identify is that we cannot spend money willy-nilly. No longer can we be consumptionists. We should assign money on consumption, saving and investment with extremely careful planning. Then we honor financial status over social status, become independent of parents and iterate the lessons to become wealthy to our children. Lastly, we find good market opportunities and choose right occupations. Maybe for individuals, I consider the last point as the most crucial. No matter what industry you are in, you should always seek something different from others, build your own brand, become monopoly and gain consumer surplus at the first time. This rule should be universal in many fields, from real products, to financial instruments or virtual informational designs like facebook, groupon, or amazon.
Even us have a lot of textbooks and examples telling people how to become wealthy, the gap between rich and poor is exponentially increasing. Almost 3.5% households now earn one-half of the wealth in US. Set aside the objective reasons like market inequality, social welfare system, unmatching skills to the needs of the labor market or luck, there are some behavioral psychology reasons between the poor and the rich. As I said above, we should have the sense of mission to become wealthy. Then I think wealthy people are always keeping their eyes forward to seek for opportunities rather than murmur for the current situation. When we only see our current dilemma, we don’t see the potential change in the future, we become gloomy and pessimistic, and we will be shadowed and trapped within our current sufferings. The negative attitude from psychology side then reflects in passive behavior in our work and life, like random spending with no self-control, taking shortsighted investment decisions and no consideration for the future. And we should always be careful---our bad mood will be written in our face and body language, we could lose golden opportunities when interacting with people in this bad temper.
I want to comfort you this may be a tough time to become wealthy especially for young people. You don’t have heritage and must pay your education loans, though your earning can hardly make up for your daily spending. Meanwhile, social welfare systems only drain money from you with taxes and insurance. We face thrilling environment but we see new wealthy young people spring up. They live in the time of information and they dig out their opportunity from this feature. My final point is that we should absolutely work hard, but be aware of what directions we are heading for, and whether we do with wisdom and determination, creativity and courage.
Sophie Chuqiao Bi