How to become rich? – Your salary paycheck cannot make you rich

How to become rich

What do you do for living? If you are doing 9 to 5 Job, it is very difficult for you to become rich. It is a reality that your salary paycheck alone cannot make you rich. In order to prove this argument let’s do a small exercise.

  • Please make a list of five rich people you have come across.
  • You can include your friends, relatives or famous personality in the list.
  • Once your list is ready, please check do you find anyone on the list who is doing a job?

Well, I could not find anyone on my list who is doing job and rich also. The name which appears in my list is given below.

  • Vikas – One of my friend who is doing Diamond Business.
  • Manojkumar – My relative doing Real Estate Business.
  • Tejas – My relative doing Chemical Business.
  • One uncle of my colony who is running Textile Business.
  • My neighbor who is running Restaurant Business.

One thing which is common in all of above is they are businessmen cum entrepreneur and not an employee. They employee people to do the job.

I have asked a similar question to my friends, in their list of rich people also I could not find anyone who is rich and doing a job. If you think a while you may find one or two name who is rich and doing a job, but these people will be either with white hair or no hair. If you want to become rich with white hair job is not a bad option. You can become rich or carorepati in 15-20 years after getting 3-4 promotions. However, what is the advantage of becoming rich when you are older? You will be rich for your children and not for you. If you want to be rich for yourself business is the only option for you.

How to become rich?

How to Leave Job? 

Everything mentioned above is correct but a big question is – “what to do after leaving a job?” If a similar question is popping up in your mind I don’t have an answer to this question. You need to listen to your internal voice and find out that if you are prepared to take a big step of starting a business or not.

If you have a dream of doing something big in life you need to take a decision right now because, in future, it will be much more challenging to take this decision.

  • Your responsibility will increase and risk taking capacity will reduce.
  • Your salary will increase and you may do compromise that enough money is coming why I should try something new?

You must be thinking that it is good to give a lecture like this, but it is practically difficult to execute this choice.  Yes, it is difficult to execute this choice but not impossible.

Let’s take some practical examples – Dhirubhai Ambani was petrol pump attendant once upon a time. If he could not have left that job, we could not have seen Reliance Industries. If Narayan Murthy could not have left Patni Computers job, biggest IT giant Infosys could have never been born. Even superstar Amitabh Bachchan was doing a job in Bird & Co. shipping firm before he became an actor. He has listened to his heart and started a career in the film industry and today he is the biggest superstar of the millennium. All these are big inspirational stories that will help you to work towards your dream.

Let’s come back to the old question again How to leave a job and what to do after leaving a job?

First of all, you need to decide what you are going to do after leaving a job. You must be having a financial obligation. How you are going to run the show without money? Follow the steps below before leaving a job.

  • Make Emergency fund – Living expense up to 1 year.
  • Zero down to the good business idea.
  • Make an arrangement of capital and resources required for the said business.
  • Quit the job and start a business.

If you have a problem in following any of above steps or if you are worried about failure in business. I suggest you to start a side business along with a job. It is an old and proven way to transit from job to business. You might have seen many people does side business after office hours and once side business generates the good income they quit their job.

Let me give you a small example from famous book “Connect The Dots” of author Rashmi Bansal. Mr. N Mahadevan was a professor in madras university but he was passionate about starting hotel. He joined small hotel in part time to understand their business. After gathering enough money and understanding prototype of business, he left the prestigious job of professor and started his own hotel called as Oriental Cuisines. Today Oriental Cuisines has more than 100 odd outlets across the country and giving employment to multiple people.

My Plan

You might be knowing that I am also doing a job and passionate about business. I would like to share my plan with you.

As I am inspired by education field, I have started small coaching class in part time. In addition, to that, I have started a blog called as on which I am sharing knowledge about finance. My income level is growing. Once I reach to break even I will quit my job and fully concentrate on the business.

My friends are also giving wings to their dream in various ways. Few of my colleague has taken franchise of Kedyo Restaurant in Surat and started earning money.

Over to You

At last, I would like to say that in life you need to take the risk. No Risk means No Gain.

Remember you don’t need an impressive degree or rich dad to dream big and make it happen. It’s all about your intelligence, fate, and risk taking capacity.

In short your salary paycheck cannot make you rich you need to do business to become rich.

Article by Raviraj

Hi, I am Raviraj. I am passionate about money matters and finance. I have 10 years of rich experience in the field of financial planning, Investments & Insurance. I have written 700+ article on this blog. If you like my efforts kindly subscribe to this blog and also let your friends know about this website by sharing.

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.


  1. M Janardhan Rao says:

    Very good article.

  2. Sriram says:

    Dear Ravi,

    Thanks for your instant reply. Just wanted to tell you that I have only got a franchise opportunity in a company and I have not started a company. Apart from putting banners, what else can I do to attract customers?

    Regarding the South Indian hotel business, it is just a dream now. Moreover having no business background, I am still thinking it over, though finance is not a problem

    • Dear Sriram,

      In order to promote your business you can adopt multiple techniques like marketing through newspaper,cable TV, Internet Facebook. Apart from this you can directly market your service to relatives.

  3. prasant says:

    Ravi sir
    I want to start a financial services like distribution of products(MF,insurance, IPO ,stock broking.. etc).can I sell all the products.? what are the certificates required and also the costs.kindly suggest me some good franchises.thanks!!!

    • Dear Prashant,

      You need to pass certification test as AMFI Registered Mutual Fund Advisors. Once you pass this test you need to register at AMFI with ARN number. Once you are done you can sell Mutual Fund as a distributor. For Insurance you need to become agent.You are required to obtain a Certificate of Registration from SEBI without which they are not permitted to deal in securities.Hope this clarifies your doubts.

  4. Dear Sir,

    Thanks for appreciation.Congrats on starting financial service company. Let me know what type of suggestion help is required for your business. I am very positive for your new idea of small restaurant in tourist place this idea will rock.

  5. Sriram says:

    Hi Ravi,

    My name is Sriram, aged 50 yrs and I just love to read your articles. I worked for almost 30 yrs in automobile industry before I became redundant in my last company. Presently I have taken up a franchise for a financial services company. I would love to get your suggestions on how to go about my business. I can only say that I have settled down in a place in north which is famous for temples and thousands of visitors come here especially in the weekend. Would it be a good idea to start a small restaurant dispensing South Indian items

    • prasant says:

      @siram sir
      kindly tell me the name of the franchise .I want to start a financial much it costs and what are the certificates required???.

Leave a Reply

Your email address will not be published. Required fields are marked *