The British entrepreneur and self-made millionaire Mark Tilbury highlighted a series of purchases that played a pivotal role in his journey towards achieving wealth, confirming that these acquisitions are not luxurious or ostentatious, but rather tools that helped him build a solid financial foundation.
Wealth without showiness
In a post via his account on the platform 'X', Tilbury wrote: 'I became a millionaire in my twenties, and I don't own a private jet or a luxury car. These are 7 things I bought that made me wealthy, and anyone can use them as a first step towards financial success.'
The seven things that helped the famous British millionaire create his wealth in a record time can be summarized as follows:
1. Side Project: A source of income and an opportunity for growth
Tilbury began his list by stressing the importance of having a side project, noting that this type of investment allows directing money towards tools that enhance profit opportunities, such as purchasing a laptop that opens the door for freelance work or creating digital content.
2. Index Fund: A simple investment with compound returns
He stated that the second most important investment was in an index fund, as he consistently pumped a small monthly amount into it, which allowed him to build an additional income source and benefit from the effects of compound interest over the long term.
3. Travel Ticket: Exploring opportunities and boosting confidence
Tilbury placed the plane ticket in third place, affirming that traveling played a significant role in expanding his horizons, increasing his self-confidence, and opening new avenues for him, especially when he later needed to produce his own products in China.
Building Wealth
4. Self-Learning: Developing skills and increasing value
The self-made millionaire recommended investing in additional education, whether through training courses or self-learning, emphasizing that the market value of any person is directly related to the skills and knowledge they possess.
5. Real Estate: A gateway to enhancing net worth
Tilbury ranked real estate purchases fifth, considering it one of the fastest ways to increase net worth, advising to start by improving personal housing, then moving on to buying a house through a mortgage and gradually renting it out to cover costs.
6. Economical Car: Mobility without the burden of debt
The British millionaire emphasized the importance of owning a cheap and reliable mode of transportation, such as a used car that helps with punctuality and seizing opportunities, explaining that he bought a 'Peugeot' at a low price, allowing him to move freely without being burdened by loans or depreciation.
7. Digital Currencies: Calculated risk
At the end of the list, Tilbury mentioned cryptocurrencies as a modern asset with significant opportunities, provided one deals with them cautiously, saying: 'I only put a small part of my money into digital currencies, and I consider it an amount I can afford to lose, but it has been among the best-performing assets in the last decade.'