Getting rich is all about making or having “a lot” of money. Unfortunately, economists haven’t quantified “a lot” just yet. It’s kinda a mix of opinion and personal preference.
Getting wealthy is all about having enough money to do as you please. It’s more focused on net worth than income. Someone can be wealthy with $500K in the bank and early retirement forecasted for a low cost of living area.
The act of “becoming” is a process to undergo a change or development. To “become” is to be done with that process. So, when someone is looking to become rich, they’re really looking to have finished the process of becoming rich.
If you just want to be rich, you could do it the old fashioned way and earn a lot of money with a high-paying job. Doctors, dentists, lawyers, engineers, athletes, and many more professionals are making multi-six-figure salaries with full time work.
When we’re thinking about ways to simply make a lot of money…real estate is one of them. Buying and flipping houses, duplexes, or apartment buildings can churn a lot of money.