Innovation Blog

Want to Be Very Rich?  Here is How!   8 Steps to Wealth

By Shlomo Maital

“It’s not about money!”

Research and my own experience with entrepreneurs show that the main motive for launching new businesses and products is not wealth or money, but rather, change-the-world aspirations, the quest for positive impact and the desire to create.

Nonetheless – for those who do want to become very wealthy, a study by  Keren Zuriel-Harari, published in the August monthly magazine of the Israeli business daily Calcalist, provides 20 proven ways, based on substantial research (by others).

I will recount here only eight of those 20, some of the more unusual and surprising ones.  If you email me, I will try to provide the rest, in English.

1.    Do a double undergraduate major.   Combining two fields is a powerful tool for innovation, which often links “X” and “Y” in ways others haven’t thought about.

2.  Stay married. Divorce slashes your personal wealth by 77 per cent.  Staying married increases it by 93 per cent.

3.  Rent your house, don’t buy it. The opportunity cost of putting your assets into a house is high, those funds could be used elsewhere more effectively, especially after the housing bubble burst.

4.  Be tall. Tall people are richer; presumably  they command respect and others accept their leadership more readily.

5.  Eat proteins.

6.  Be dyslectic. Dyslectic people find creative ways to overcome their deficiencies, and this translates into other realms, like innovation.

7.  Go on a diet. Thin people are richer.

8.  Rise early, before 6 a.m. Early-risers, like early-birds, get the worm.  Late-sleepers become one.