Rich people all around me

[Dreamingoftheolddays]

How can I get a peice of it?

I live in a very wealthy area (abroad)
Multimillion pound properties, beautiful cars, boats etc
I see so much of it around me, what work/business can I do to access some of it?
So sick of working my arse off in what used to be a very satisfying and worthwhile profession, but just isn’t anymore.
I’m degree educated and have a fair amount of motivation

Work for a high end estate agent. You will get commission and meet rich people.

American here. $1500 invested in the S&P 500 in 1983 with dividend reinvestment is just about 1.2 million today. That's when I started investing in my tax-deferred retirement account, which I continued to do until I retired in 2019.

People who get rich quick are usually very smart or very talented AND very lucky. But almost anyone can become wealthy over time. You just have to delay gratification a little bit and START EARLY.

👏🏻👏🏻👏🏻👏🏻👏🏻

Is 35 too late? Does one have to pay tax on it every year?

I think it’s too late for me…oh well, back to dreaming!

Concierge company
event planner
executive assistant
Personal stylist

you can earn a lot in these roles if you are good and work hard.

Savings for retirement are not taxed until you withdraw them to spend, as long as you use a regulated vehicle, like a SIPP, to save the money. You also benefit from some tax back from the Government @fao. Just make sure the management fees are low.

If you live in a wealthy area then your home would be worth a decent amount, so could you not sell your home and then use that money to help you?

@Choochoo21 The problem is the other properties we’d have to purchase to move into would cost a fortune

Marry someone rich. Or just work hard and watch for opportunities, you may have to take a leap of faith that you do or do not decide to do, which may or may not work out well.

The same opportunities still exist right now, this much I do know.

Einstein's observation.

The quote, "Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it," is often attributed to Albert Einstein.

You didn't answer the points made.

I guess I don't want to as I am not a financial advisor, investments go up and down and you may get back less than what you put in, past performance is not an indicator of future performance...

Actual growth is maybe 10.5% / 11% so I've taken off inflation. I could say do you have a reason to say that it won't grow at this level? But you / no one does because the future can't be predicted. But would you say you can't assume any growth? Investments WILL go down and up but over 50 years the trend has been up. Do you have reason to think that they won't go up? Maybe not at the same level.

That's possible ISAs will be taxed but it's still a healthy income.

Yes, there are many in Marbella.

In the US where people are encouraged I know quite a few first generation millionaires. Doctors included but see the health system over there. Also, some first generation in the U.K. started in a bank now in hedge funds. Very talented in what they do. With a plan from day one.