How can middle class people become rich?

Brief response: By removing oneself from the SURVIVAL MINDSET. For my opinion, continue reading:

1. WHY?

The middle class position is difficult to escape since it virtually reaches the necessities balancing, unlike the wealthy or the poor. To comfortably earn a living and occasionally enjoy comforts and desires, the person just seems to have enough. This, of course, limits his willingness to take risk, and the people typically gets trapped in their comfort zone, which leads to the earning boundary, for the rest of their life. They are so discouraged from taking chances since they may risk losing everything.

Let's move on to the next section now that we understand why: 

2. HOW?

Once you understand reasons why you should remain middle class, you can start taking action to focus your efforts and resources in the right direction. After creating a positive mindset, the first stage is to reinforce your efforts by gaining good core understanding.

• STRENGTHENING KNOWLEDGE ( FINANCIAL LITERACY)
  • It's crucial to comprehend macroeconomic fundamentals. Concepts like GDP, financial markets, the banking system, etc. must be understood. You can develop these ideas by referring to any reputable, basic-level book.
  • After that, we might want to focus on learning the art of making money from money.
  • Regular investing is one method of achieving it.
  • As a result, become proficient to investing in stock, mutual fund, cryptocurrency, futures, options, etc.
  • Take conscious risk.
  • Now that you are aware of investing, it is time to put this knowledge into action. Go engage in a side business.
  • There are a variety of side businesses. Among the alternatives are:
    • Freelancing, writing content, creating content, etc.
    • Marketing with social media.
    • Web and app development
    • A startup or company internship
    • Working on your own startup, of course!
    • Reviews of books, etc.
  • Strong Academics: You can even try to enhance your skills and land a position at your ideal organisation. They pay really well, and you can get a great package just by working hard and doing well in school.
  • Give an overview of your expertise and identify the routine activities you engage in. If you can make some money out of your skills and interests, that can be a really fantastic way to increase your income.

Finally, keep in mind that we are entering into transformational time. It's the information society and the digital world. Always work to improve your current skill set to keep up with new technologies.

Industrial revolution 4.0 has arrived. Learn as much as you can about data science, deep learning, machine learning, etc. But always act like as if "no one could perform this job better than me" whenever you do something.

Superb!!!!

Too Informative. 

Sell tea.

In accordance with Marwari philosophy, if a single cup of tea is sold:

Cost of production = ₹5, Cost of sale = 12, and Profit = ₹7

If in a day 500 cups of tea are sold:

Three thousand five hundred rupees is the daily profit.

One lakh five thousand rupees in profit per month.

Profit for the entire year is ₹12,60,000.

It is now appropriate to roll that degree and proclaim,

Garam chai, chai, chai. (Hot tea, please.)