This piece looks at 10 ways to get rich quietly, with no gold-plated Ferraris, no confetti cannons announcing your net worth, just practical tips that anyone can follow, ANOZIE EGOLE writes

Findings have shown that most of the flashy millionaires who flaunt their wealth on various social media platforms are often not the ones with lasting wealth. It is believed that the people who quietly accumulate their fortune without plastering it across social media are the ones who tend to create real, long-term success.

However, this doesn’t mean that one should hide under a rock while making the money or refuse to celebrate wins. But there’s a fine line between when one is doing well and the kind of showboating that turns you into a target for every sales pitch and poor relative in town. Sometimes it pays literally to be the under-the-radar millionaire.

Live below your means

This is step number one for a reason; it sets the foundation for everything else. If your lifestyle expenses are always snapping at the heels of your income, it’s going to be tough to grow your wealth.

Living below your means doesn’t have to be painful. It can be as simple as cooking at home more often than dining out or resisting that just a little more expensive apartment upgrade. As Warren Buffett famously said, “If you buy things you do not need, soon you will have to sell things you need.”

The real trick here is to see frugality not as deprivation but as freedom. Every time you choose to spend less, you are giving yourself more breathing room to invest and save. And that’s how wealth starts to accumulate quietly but powerfully.

Automate your savings

This is one of the best ways to save money without even realising it is to automate the process. Set up an automatic transfer from your checking account to a separate savings or investment account. This way, your money is whisked away before you can even be tempted to spend it.

“I have been doing this for years, and it’s worked like a charm. The beauty is that your main checking account sees a smaller balance, so you naturally adjust your spending habits to match what’s left,” Mr. Johnpaul Ikechukwu, a trader, advised.

As Tony Robbins says, “It’s not what we do once in a while that shapes our lives. It’s what we do consistently.” Automating your savings forces consistency, and that’s the secret sauce.

Invest early and often

We have all heard the phrase, ‘Time in the market beats timing the market.’. That’s because compound interest is like magic; it rewards you just for being patient.

Ejiogu, who deals in spare parts, said, “When I started my first business, I was guilty of ploughing every single kobo back into the company. That’s not always a bad move in the very early stages, but I learnt the hard way that it’s wise to also set money aside in diversified investments, like index funds or real estate.”
https://punchng.com/10-strategic-steps-for-financial-success/