Getting Rich the Right Way -- Slowly
Q: I'm frustrated with my portfolio. It's growing – but too slowly. How can I speed it up?
A: Aside from investing more, you may not want to do anything differently because, other than just being lucky or receiving an inheritance, there's really no way to get rich quickly. When you attempt to do so by speculative investing, you substantially increase the risk of financial devastation. The key is to build wealth prudently and slowly over time, using evidence-based, tried and true strategies.
Some studies show that many people known as high-net worth investors – those with investment assets totaling more than $3 million – who rise from middle-class or poor backgrounds, most often do so by building their wealth gradually.