What is the most effective yet efficient way to get rich?

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Value creation. There are two types of businesses out there, those that fight for available market share and those that try to find new markets. The way to get rich is to find underserved markets and deliver solutions so much better than the alternatives that you capture the lion’s share of the new market.

You can invest once you have a few million in the bank. That’s the point where considered market bets can net you significant amounts of money in short periods of time.