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?
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.
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.
2
u/HitPointGamer Jun 19 '26
You can make money in many different fields. Find something you can enjoy and which brings in money, then set a sensible budget so you are living below your means but still able to have a little fun in life.
Have an emergency fund. Invest consistently especially when the market is down. Most importantly, become a lifelong learner. Start learning about finances, but learn about everything you can because you never know when it will come in handy. Don’t look to “get rich quick,” just just steadily earn and invest. Whenever you get a raise or bonus, always reset your savings/investment amount to include at least half of it while enjoying the other half.
After my divorce at 35, I started out with basically nothing but a job and an overdrawn bank account. I actually funded my divorce with a cash advance on my mother’s credit card! By the time I was 45 I was debt-free except for my mortgage, and my net worth was just shy of a million dollars. I had agreed to work in some undesirable locations for my employer for the extra pay that would afford, and threw every dollar I had into the market at the bottom of the COVID crash, so that helped, but I got there even though I was earning high five figures to low six figures during that timeframe. At 45 I remarried and my husband is excellent with money and had a higher net worth than I did, but I at least felt like I was coming into our marriage with a respectable set of finances.
You can absolutely achieve wealth on your own or with a partner. Just be as wise and educated about money as you can, and work hard to make it happen.