T. Harv Eker states that the single most important key to getting rich is running your own business rather than being a salaried employee. He argues employment plus investing is typically a 20–30 year route to middle-class wealth, whereas owning and operating a business (then investing its proceeds) is the primary, faster path to becoming rich, despite greater risk and hard work.
Chapters
I want to share with you what I believe is the number one, the number one key to getting rich. Okay? So first of all, it's very hard to get rich when you are not running your own show. Yeah, you can be under the, you can be involved in a corporation and have a job with somebody else and get a salary and invest your money properly and do all that. That's 20, 30 year program. It works for some people, doesn't work for a lot of other people. A lot of people become middle class from that arena. That's a, that's a good strategy for that. But if you want to be rich, you really need to run your own show. Right? You got to be able to. Instead of you doing the work and the owner of your business is making all the money, you're making all the money. And yeah, it comes with risks, it comes with hard work, etc. Etc. But it's, it's the primary way most people get rich is by somehow running their own business, having their own business and then utilizing that money to invest in other situations which then the money makes you more money. Okay, it's pretty simple.