• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Make your money make money

Steve Ballmer is currently worth $120.5 billion, according to Forbes. But when he started working at Microsoft in 1980, he was nowhere near that wealthy. In fact, The Washington Post once reported that Ballmer made $50,000 a year back then (which is $184,874.04 today).

Even though he was low on the corporate ladder, The Washington Post also noted that Ballmer knew how valuable his 5-10% company shares were — especially the longer he stayed with Micosoft. So, Ballmer slowly worked his way up the ladder and eventually became CEO of the company in 2000.

However, Ballmer knew that Microsoft wasn’t the only place where he could make money. Forbes reported that, when he retired in 2014, he used his Microsoft salary and shares to make even more money by buying the L.A. Clippers for $2 billion.

Forbes estimated that the team has now doubled in value and is worth $4.65 billion today.

Sure, most of us won't be able to amass the funds needed to buy a professional sports team, but one of the keys to accumulating wealth is turning your paycheck into more money.

It’s not just for billionaires like Ballmer. It’s how teachers become millionaires in their retirement: they diligently invest in their 401(k)s every month and let their wealth compound over time. You can do the same.

Meet Your Retirement Goals Effortlessly

The road to retirement may seem long, but with WiserAdvisor, you can find a trusted partner to guide you every step of the way

WiserAdvisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.

Get Started

Find a (lucrative) passion project

Tim Cook is currently worth $2.1 billion, according to Forbes. But what netted him all that wealth had nothing to do with money.

“Don't work for money, it will wear out fast, or never be enough,” he advised students at the University of Glasgow in 2017.

Cook has mentioned various iterations of the “do what you love” mantra on several occasions, according to Inc. We can probably take this to mean that he wouldn’t have stayed in his role as Apple CEO if he didn’t love it.

After all, between filling Steve Job’s shoes and dealing with government crackdowns on Apple, Cook’s job is no walk in the park. If he was only in it for the money, he likely would have quit by now (although his $2.1 billion fortune probably makes his stay a little easier).

Other billionaires have also said that passion is key to their success. Two of these passionate guys are Warren Buffett and Bill Gates. They both believe that if they hadn’t kept up their respective interests in investing and computers since they were kids, they would never be the billionaires they are today.


Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Sabina Wex

Sabina Wex


Sabina Wex is a writer and podcast producer in Toronto. Her work has appeared in Business Insider, Fast Company, CBC and more.

What to Read Next


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.