November 29, 2017

Becoming Rich Without Breaking Your Ethics

This post has been contributed.

A big question in the world of wealth management is whether or not you can come into big money without breaking any of your ethics. The important first question here of course is: what are your ethics? All joking aside, no matter what you believe about how money should be earned, it is highly likely that you can make yourself rich without stepping over those boundaries. This often surprises people. Many assume that riches must be got by shady deals alone, or at least by subverting one’s ethical paradigm. But there are many ways to make a lot of money in ethical and even socially positive and useful ways. Let’s have a look at a few examples.

It’s All In The Approach

It might well be true that the world is full of stories about people making huge amounts of money in dodgy ways. But there are also plenty of people who have made their money without stepping on anyone’s toes. The key is to have the right approach. As long as you approach it in the right way, you should be able to make all the money you want without stepping over your ethics. Take the example of Dr Moshe Kantor, one of Russia’s richest individuals. He has famously earned his money in quiet and fair ways, and yet her has become a billionaire. Stories like this should remind you that you can surely achieve whatever you want without being unethical.

Such A Thing As Ethical Businesses?

One of the single most effective ways for anyone to make money is to start and run a successful business. But it might often seem as though the most successful are those which take advantage of the poor in some way. If you would rather avoid that altogether, then you can do so by running an ethical business. This could be a charity, for example, in which the primary reason for existing is to help the less fortunate. In this case, you shouldn’t feel too bad about taking a big salary, as long as you are not taking resources away from those you are trying to help. Remember that ethical businesses do exist will ensure you can make money and still be an entrepreneur people can look up to.

Clever Approaches

If you don’t want to run a business, you could instead make your money just by rolling whatever you already have. Playing on the stock market or engaging in something sure like matched betting will mean you can earn all the money you like without hurting anyone or engaging in anything illegal or unethical. This is a great option for those who want to become super rich but still have a heart, so it’s worth looking into. The truth is that many of these are extremely effective ways of making money, so they are definitely going to help if you are keen to become rich - and they won’t prey on the less fortunate or the poor in the process.

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