It’s not easy to be rich in South Africa but you can use more than common sense to stand out in your field. Below we discuss ways of making millions of dollars in South Africa without sweating.
- Pursue a well-paying career
I know most of you are planning to pursue their careers, but before you embark on that journey analyze all careers in South Africa and arrive at the best paying profession. This is where you should focus your energy on.
Careers like teaching, front office, customer care and agriculture should not be in the picture—they are not well paying.
If you are not sure then I can guide you. This is a list of top careers in South Africa:
- Medicine & Surgery
- Actuarial Science
- Civil Engineering
- Chartered Financial Analyst
- Software Engineering
- Start oil and petroleum business
Oil and petroleum business is one of the most profitable businesses in South Africa. Every financial advisor will tell you that if you have enough capital, say over Rs 1 million, this is the kind of business you should inject your money into.
You can decide to buy heavy trucks to transport your products to customers or simply start a petrol station.
- Sell gold and diamond jewelry
Each morning, as the idea of business crops up, oil and diamond jewelry business should not only be your first priority but also the point of focus.
Though you will not make several sales per day, each sale you make will earn you some good cash.
- Invest in the stock market
Every billionaire will tell you that investing in stock market is what made them break even. In South Africa, it’s hard to stand out without putting your money in shares and bonds.
- Invest in Insurance Money Market/Unit Trusts
Most people believe that insurance companies are for people who want to insure their vehicles, employees or those who take covers for injuries and accidents. But I can tell you that unit trusts are among insurance products which have enriched many millionaires in South Africa.
If you have at least Rs 1000 every month, put it into unit trusts and you will see magic.
- Invest in real estate property
Real estate property, especially apartments, is some of the best investments to make in South Africa. If you have at least Rs 1 million, commit the money in real estate, by either trading in land or building cheap apartments.
- Import cheap used cars
Importing cheap used cars is also another way you can sneak into the club of the rich. You can use SBT Japan to import used cars into South Africa, which you can sell cheaply and earn quick profits.
- If you can afford capital, avoid white collar jobs
One of the worst mistakes intelligent people do is to accept people to employ them. By doing so, they lose numerous business opportunities which could otherwise make them rich. In order to make it in life, you must be your own boss but not accepting to make someone’s dream a reality by working for them.