The running joke is you start with 2 million and although having an inheritance makes this much easier it can be done regardless of your circumstances. With that being said I take issue with the pie in the sky argument that where you start in life does not provide an economic advantage. What do Mark Zuckerberg, and Biz Stone have in common? Neither grew up in poverty. If you can afford to go to an elite university in the top 10 you have a distinct advantage over those with less resources. This backed by countless studies and a pile of data does this mean you just give up if you grow up in extreme poverty? Of course not, rags to riches stories do indeed happen. With that being said what is your best way to become wealthy starting from scratch?
1. Save and start early. This is the easiest one to attain by smartly saving and investing as early as possible.
2. Collect real estate. Have you ever seen Monopoly? The concept is the same in real life if you collect enough real estate and generate enough cash flow wealth can be attained.
3. Start a successful business. Business ownership is one the most common forms of wealth building.
Are you building an empire? Let us know your thoughts in the comments below.