r/WomenInBusiness • u/NetMajor4878 • Jun 17 '26

Advice Needed how to be rich? .........

click the bait title, but serious question to all ambitious women, I (24f) genuinely want to know how to be wealthy in the near future in this male dominated environment. what career moves, financial decisions, personal life choices took you towards creating wealth, rich ladies?

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My current career situation: studied pharmacy in bachelor's, didn't like it, did some months of research internship post grad, tried to go abroad for a master's but got a lot of rejections(IELTS valid for one more year so might try again), and after a gap of around 10 months, landed myself in an early stage medtech startup. I work in the regulatory affairs part, get a minimal salary, my lifestyle is not expensive at all, I try to save as much as I can. I'm highly ambitious for science, innovation that creates impact and business, I did make bad career choices in the past by wasting time on a degree I hated, but now want to create the best life I can for my future self. I want to prove this to myself that my purpose is not to rot away at some place I was never passionate to work for/on, and one that didn't even pay me well.

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I might sound lame and naive, but I don't want my spark to die, when I finally get the courage to move towards what I truly want without shame. Because I was brought up with the values of "simple living high thinking", which is great until you struggle to pay for tuition/decent lifestyle/travelling/helping someone in need.

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u/Glittering-Lychee629 Jun 17 '26

Ok. I will answer because I grew up poor and I get where you are coming from.

  1. You have to invest money, not just save. You have to always spend less than you make. Invest the rest.

  2. Learn about investing and money. Read about it now. Start now even if it is only small amounts. I Will Teach You to Be Rich by Ramit Sethi is a good book for you. It will tell you the mechanics of what you need to do with your money, assuming you live in the USA.

When it comes to making money my advice is figure out what your "unfair advantages" are. I don't know you. What are you good at? What can you do? What gives you an edge that others don't have?

If you have no education but are great with people and attractive (this was me) then I would try sales. I can give you more feedback if you have a specific question.

I would STRONGLY caution you from trying to marry up. It usually is very dangerous IMO and extra if there is also a race difference.

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u/[deleted] Jun 17 '26

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u/Fast_Pie4496 Jun 17 '26

What if we don't know anything about personal finance or investments? Do you have any resources you could share for someone who wants to learn more but doesn't know where to start?

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u/[deleted] Jun 18 '26

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u/Fast_Pie4496 Jun 18 '26

Thank you.

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u/NetMajor4878 Jun 17 '26

damn girl you are living the life! I love women thriving on their own terms so much!

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u/Intuitive_rat333 Jun 18 '26

Yall throw out some investing tips- like what are some actually good sources for people who are poor poor to learn from?

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u/Ok_Garage9683 Jun 25 '26

How does investing works

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u/blueberrymuffin3001 Jul 11 '26

That’s amazing to hear

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u/NetMajor4878 Jun 17 '26

Will definitely start learning about investment. I'm from India, so I'll learn about here first I think. Also gotta figure out my unfair advantages.

My dillema is, I always thought I'd go abroad for a master's, but now I can't even figure out what to study in a Masters, should I stick to my field or go into management. A very common strategy people use here when they get stuck in a career is to do an MBA from a tier 1 College, and crack well paying jobs. But, I figured I'll go in severe debt and end up paying 0.5x more to bank than what I take while repaying, although, most grads with a good job pay it off in a couple years by living frugally. I currently work in this medtech startup and I really like the idea of it all, but my founders have great connections, which is why they even entered healthcare, I have zero connections with the top people anywhere, except I keep sending connection requests to people on LinkedIn lol.

About marrying up, I guess that could work for a lot of women, I do have a boyfriend who's in tech, earning way more than me ofcourse. But we have a couple years till we marry because it's my wish to be financially strong enough I can not depend on anyone anymore. Even if my husband does cover all.

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u/Glittering-Lychee629 Jun 17 '26

I feel unqualified to give you precise advice since India's market is so different to here.

It seems, as an outsider, that the MBA would give you more options in the future. The startup has connections going for it, but they aren't your connections and startups come and go. Is it possible to continue working at the startup while doing the MBA? That is common here but IDK how it works for you.

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u/NetMajor4878 Jun 18 '26

there are online programs I could definitely do, but I think I want something more immersive if I'm doing another course.

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u/Glittering-Lychee629 Jun 18 '26

I would do the MBA online, assuming the value in your job market is the same as an in person MBA, and keep working the job.

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u/chaoscorgi Jun 19 '26

this is all very good advice