I'm 53 yrs how to to become rich. Where to invest except shares or mutual funds

Ans: ecoming financially secure and building wealth is a journey that requires patience, discipline, and strategic planning, especially at 53 years old. Here are some steps you can take to work towards achieving financial prosperity:

Set Clear Goals: Define your financial goals and aspirations. Whether it's retiring comfortably, funding your children's education, or traveling the world, having clear objectives will guide your investment decisions and keep you motivated.
Create a Financial Plan: Develop a comprehensive financial plan that outlines your current financial situation, future goals, and strategies to achieve them. Consider factors such as income, expenses, assets, liabilities, and risk tolerance when crafting your plan.
Diversify Your Investments: While you've mentioned excluding shares or mutual funds, diversification remains key to managing risk and maximizing returns. Explore alternative investment options such as real estate, bonds, commodities, or exchange-traded funds (ETFs) to build a well-rounded investment portfolio.
Real Estate Investments: Real estate can be a valuable asset class for wealth creation and passive income generation. Consider investing in rental properties, commercial real estate, or real estate investment trusts (REITs) to diversify your investment portfolio and benefit from potential appreciation and rental income.
Entrepreneurship: If you have a passion or skill that can be monetized, consider starting your own business or pursuing entrepreneurial ventures. Building a successful business can provide significant financial rewards and fulfillment, albeit with inherent risks.
Retirement Accounts: Maximize contributions to retirement accounts such as Employee Provident Fund (EPF), Public Provident Fund (PPF), or National Pension System (NPS) to secure your financial future during retirement. Take advantage of tax benefits and employer matching contributions to boost your retirement savings.
Continuous Learning and Upskilling: Invest in yourself by acquiring new skills, pursuing higher education, or attending workshops and seminars relevant to your profession or interests. Continuous learning enhances your earning potential and opens up opportunities for career advancement or entrepreneurial endeavors.
Estate Planning: Develop an estate plan to safeguard your assets and ensure they're distributed according to your wishes. Consider creating a will, establishing trusts, and reviewing beneficiary designations to protect your wealth and provide for your loved ones.
Seek Professional Advice: Consider consulting with a Certified Financial Planner (CFP) or financial advisor who can offer personalized guidance and expertise tailored to your financial situation and goals. A professional can help you navigate complex financial decisions and optimize your investment strategy for long-term wealth accumulation.
Remember, building wealth takes time, discipline, and prudent decision-making. Avoid get-rich-quick schemes or speculative investments that promise unrealistic returns. Instead, focus on creating a diversified investment portfolio, adhering to your financial plan, and staying committed to your long-term goals. With diligence and perseverance, you can work towards achieving financial prosperity and security.