You can build wealth just not by increasing your income. You have to increase your net worth.

Usual ways of earning income is to

• Get a high-paying job: doctor, lawyer, engineer, manager, professor, banker, etc.
• Become an entrepreneur by setting up enterprises with low establishment cost, low overhead and high recurring income,
• If you don't have single high-paying job, become a hustler or part-timer.

Usual ways of increasing net worth is:

• Be frugal and save money: Spend less than what you earn so that you can accumulate wealth fast. Don't spend future earning just because you are in possession of a credit card.
• Use low-risk leveraged investment like buying a property for self-use or rental income by using bank financing, with 30% down payment.

Do you save enough to become a millionaire ?

How much returns does your money generate from savings based on today's bank interest rates? You can find a calculator online that can project the income from banks' savings and fixed deposits

Usual ways of growing wealth passively

Become a person of High Net Worth (HNW)

The total number of high net worth individuals continues to grow at the significant rate of around 5% per year, with 15.4 million HNWIs around the world (based on Capgemini's definition of an HNWI as an individual with US$1 million in wealth to invest).

How to become rich quickly realistically?

Once you have built HK$1 million to $4 million in wealth from your profession or enterprises, invest in low-risk, predictable, cash flow generating businesses. Use bank financing, with 35–50% down, payment to buy properties . Businesses include elderly homes in Hong Kong.

Now borrowing has become cheap but the rental returns have dropped sharply. Now you can't expect 10% rental income from new properties. It is % to 3% a year in Hong Kong.

Your only chance of becoming a multimillionaire in a few years is you either become a self-directed financial trader or invest alongside an experienced trader as a partner and learn by following the traders transactions.

Financial advisers these days are unable to source less risky investment schemes that can deliver at least 5% per year return. Risky investments are aplenty that can deliver you 15% return but you are more likely to see your principal sink sooner or later. Financial advisors are also bound by company policies which aim at generating 5% returns by sticking to conservative approach to investments.

If you want to grow rich but in a realistic way in the present environment, you are left with very few choices of growing your wealth faster.

They are:

• Work with an aggressive hedge fund manager who performs consistently and particularly during a rough environment like 2008 or 2020 turmoil. Expect to pay a reputed fund manager 50% of the returns generated as the performance fee. The safety of funds will always be a problem and in case of fund manager defaulting, will have to wait for 3-5 years of liquidation process to recover money.
• Find out what kind of maximum returns you can get from aggressive hedge funds
• Join an experienced talented financial trader as a co-investor who manages the trading part while you remain a passive partner. Withdrawals to be done by a joint signature to ensure safety of funds.
• Approach an experienced trader who can coach and work with the Managing Partner on the condition that the partner-cum-coach contributes at least 10% of the firm's capital and agrees on joint signature withdrawals of money from a joint bank account.
• Get one of your family member trained as an in-house wealth manager.
• Become a self-taught trader . This free website has all the material you need to become a self-directed trader. You don’t have to attend courses costing from HK$5,000 to HK$500,000 and fall for the tricks and gimmicks employed by slick marketers to sell you the courses.
• If you have accumulated HKD 20 million and more, get a family member trained as a trader and wealth manager. It is worth paying full-time attention on managing wealth.