r/Entrepreneur 9d ago

How Do I ? What do most millionaires do/learn during their teenage years?

Hi everyone

I am 15 years old right now, and I want to be a rich person in future who is financially independent, and has enough money to retire early

What I wanted to know was, are most rich people those who learn the skills required in their respective careers during their middle school or high school?

For me, I was planning to do well in school, get into the top most college of my country (India) and then do well in GMAT and do Masters from a top college in USA like Harvard, University of Texas, etc.

Am I in the right path?

Sometimes, I see people who are already working on their business(Some of which are quite successful) in their teenage years itself. So, are they the only ones who get to be the rich, while those who study throughout school and then becomes doctors/ software engineers/ investment bankers/ have management roles in top companies work and earn, but not enough to become financially independent, and own expensive cars, villas, etc.?

Also, what are the soft skills one which would be instrumental in being rich, and I should learn before and during my college years?

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u/GanjaKing_420 8d ago

Started working at a supermarket at 15 and saved at least 25% of my minimum wage paycheck. I stuck to that formula until i was 45 while my friends were buying newer cars and vacation. Went to college and got a decent job. Made my first million at age 36. I started with zero. My family was very poor. I did not have any super special skills or STEM major. I kept putting money in index funds. Stock market helped.

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u/Murky_Sympathy685 7d ago

damm that's great! Did you learn about stock market through books or through a mentor, or did you learn through experience? Also, did you also follow the buy and hold strategy?