by 
Becoming rich typically requires a combination of factors such as hard work, perseverance, knowledge, and often some level of financial literacy. While it’s challenging to become wealthy with only KSh50,000 and no formal education, there are still steps you can take to improve your financial situation.
These are 8 options you should consider doing to become a rich;
1. Invest in Yourself
Use the KSh50,000 to invest in educational resources, books, or online courses that can help you acquire valuable skills or knowledge. Consider learning about entrepreneurship, finance, coding, digital marketing, or any other area that interests you and has potential for future growth.
2. Start a Small Business
Look for opportunities to provide a product or service that people need or want. With a minimal investment, you could offer services like tutoring, lawn care, pet sitting, or cleaning. Focus on providing excellent customer service and building a reputation in your local community. With time you’ll be financially advanced
3. Utilize Online Platforms
Leverage the power of the internet to earn money. Explore freelance websites where you can offer your skills as a freelancer, such as writing, graphic design, programming, or social media management. Websites like Upwork, Freelancer, and Fiverr can help you find clients and build a portfolio.
4. Save and Invest
While KSh50,000 at hand may not seem like much, start by saving as much as you can from your earnings. Over time, you can gradually build an emergency fund or as members public call it business capital. Consider opening a savings account with a high-interest rate to make your money work for you. Explore investment options like low-cost index funds or peer-to-peer lending platforms once you have saved a significant amount.
5. Network and Learn from Others
Surround yourself with successful individuals who can offer guidance and mentorship. Attend networking events, seminars, or conferences related to your field of interest. Connect with people on professional social media platforms like LinkedIn or choose platform available within your location and seek advice from those who have already achieved what you aspire to.
6. Embrace the Gig Economy
Explore opportunities in the gig economy where you can earn money on a flexible schedule. Consider becoming a ride-sharing driver, food delivery courier, or participating in online surveys or market research studies. These activities may not make you rich directly, but they can provide additional income to support your financial goals.
7. Minimal Alcohol and Recreations
Choosing recreation and drinking alcohol while not financially stable will lead to bankrupt and you’ll be depressed. To be wealthy person you need to be focused and a chance of being free from stress. Alcoholic and drug addict people aren’t trusted when it comes to money in the universe thus balancing your drinking habits may lead to financial support in what your doing.
8. Religion Member
Wealth and Religion goes hand-in-hand, reading from Heavenly scriptures with some of prominent wealthy persons in your country may lead to financial assistance and connections. Embrace Religion as one of your day-to-day steps to be wealthy person.
Remember, building wealth takes time, effort, and a long-term mindset. It’s crucial to continue learning, adapt to changing market trends, and be persistent in pursuing your goals.