how do u get rich?

Answer 1

There are many steps and mentalities you will need to get rich. It requires you to learn a lot of different things, but anyone is capable of becoming rich. You just need the right mindset, attitude, ability to learn, and good common since.

First and foremost you have to have the right mentality. You have to learn to take educated risks. Very few things make you rich without risk. You must focus on your goal, and never accept failure. Never accept no for an answer, never accept that something is impossible, and never give up. If for example someone turns you down for a loan for your business, go right on to the next person, eventually you will find the answer you are looking for!

Secondly you will need good business skills. Most people who are rich own their own business. Very few people become rich by working for someone else. You want your money to work for you not you work for your money. You want to be able to stop working and continue to make a fortune.

The other thing you need to know is real estate... Learn to invest. Learn the good deals from the bad deals.

More things you will need to know are investing in stocks, currencies, mutual funds, etc. It’s good to diversify your money and make sure you don’t concentrate it all in one market or in one place... I.E. Don’t only invest in real estate, don’t only invest in your business... who knows what is in store, but if you diversify your money over these three things you have a very good chance of always making a fortune, year after year regardless of the current situation in any one of the markets.

You do not need to learn all of these things. But it is good to have a basic and good understanding of how it all functions. You could focus on learning one thing, and one thing well... IE how to start and run a business... or how to invest in Real Estate, or the stock market.... Then once you get a good money base going you can always surround yourself with very intelligent people who will help your money to grow, and can expand you into other fields such as real estate, mutual funds, stocks, business, or whatever.

Don’t fear failure! Without failure you will never learn! Don’t get disheartened; always look for a bright side to any situation. Donald Trump has been completely bankrupt before, and he always bounces back. That’s because he has a good understanding and grasp of things, and he surrounds himself with intelligent people who can offer advice.

Real Estate goes up and up... it never really comes down for long. It is almost always a great investment. If you can locate the deals then you are just that much better off.

If you are starting a business then start a business where you specialize in a specific task, find a nitch and fill it better than anyone else can. Once you do that, figure out a way to reach more people without having to work harder. Learn to think outside the box. JetBlue is a good example... VERY customer oriented high tech, etc.

Always have an exit strategy when it comes to business. Don’t go into things full expecting everything to succeed. Chances are you may fail a couple of times, but just get right back up and try again. You learned a good lesson why you failed the first time, so just keep doing it until you prosper and run out of failures.

The only time you are a looser is when you quite trying. Until that point you have just been perfecting your business. I forgot what exact number it was... but Tomas Edison failed somewhere around 1000 times when he tried to build the light bulb... but he never gave up and he succeeded.

You must be mentally strong! Things will get tough, and you have to force your way through them. Always keep your eye on the end result you are looking for. Expect to spend long hours working, and restless nights thinking.

Plan things out. Have an idea of what your end result is. Put together a step by step plan on how you will reach that end result. With focus and determination, in no time at all you will have met that goal and will be raising the bar.

Protect your other assets. Insurance, Corps, LLC's, Stops, etc. No matter what you are investing in or trying to build, make sure there is some type of protection for you.

Find a mentor. Look for someone who is willing to teach you the ropes. Learn from them. Learn from the mistakes they have already made. Learn everything you can.

Never burn bridges... Learn to network and meet people. You never know when you might need a helping hand doing something, and if you have kept the people you meet happy, they are usually willing to help you out. It’s hard to do everything on your own, but if you have a good team, anything is possible. Learn to put trust and faith in the right people, this will give you more time to expand your knowledge and focus on your end result (esp true in business).

In closing I just want to say, make sure you are getting rich for the right reasons. Be sure to give back to those that helped you get to your end goal. Respect the people who work for you and make them feel wanted and a part of the team. Give back to the community. Donate, and sponsor others.

I wish you the best of luck getting rich!!! Hope my suggestions help you along the way.

As a side note... After reading the other peoples answers... You don’t need an education to be rich, and you will probably never be truly rich if you just get a good job and work your whole life... Getting a good job and working your whole life use to allow you to retire, it doesn’t anymore. We are in a different age, we are no longer in the Industrial age where you got a job, work your whole life, and then your company gives you a pension, and you retire comfortably. You are responsible for your retirement now. You cannot rely on your job or the government to help you to retirement.

Answer 2

Rich? Money? I would LOVE to be RICH with MONEY, but I've learned that I have the best friends $$ can buy and it didn't cost me a thing! I'm RICH with FAMILY and FRIENDS!

Standard answers - win the lottery, or get a better education to get a better job, Yada, Yada, Yada

Answer 3

u can get rich by first haveing an education. Education is the key to success. You can also get rich by winning lottery games or trying out for t.v games.

Answer 4

If your talking money rich marry well, win lotto, rob a bank and flee the counrty.

But to be rich you need to be 100% happy with your live and everything in it.

I myself dont have millions of dollars but i have a great job, wonderful husband and a great kid I AM RICH!!!!!!!!!!!!!!

Answer 5

marry a rich man that is about 85 years old with oxygen and a pacemaker make a bunch of phone calls on your cell phone and place the o2 tank near an open flame

Or work real hard and do it yourself you lazy bum!...I choose the first

Answer 6

Step 1: Marry Donald Trump
Step 2: DO NOT sign a pre-nup
Step 3: Divorce him.

Answer 7

If I have to tell you one secret, it is what Frank A. Clark said: “The more you Learn, The more you earn”. Most of the wealthiest people read every day, and they read at least one book a week. I start every morning with reading. If it is a bit wierd to you that you read every day, just try it for 21 days. No matter what, read every morning for just 21 days. Than you will see how much impact it has on you. Here is a list of the best books to read if you want to create wealth: http://goo.gl/buAhlW.

Answer 8

Ah, a good question. I recommend you invest in gold and silver--even better get a sales job with a licensed commodities broker. This way, even if you don't have $$$ to invest, you get a piece of each client you put into this very hot investment area.

Answer 9

u go to college so u can get an education in ur desired feild..spare no money in preparing urself for a lucrative career...then you get a job and put part of ur earnings into a safe investment while setting aside money for your pension..then u invest in fixer-upper real estate..if u have a strong business idea take a risk and be and entrepreneur...also pay ur tithes in church, that helps

Answer 10

Work very hard or be born rich.

Answer 11

The answer is quite simple and ANYONE can do it.

You spend less than you earn and invest the rest prudently. Start young and time will work with you to make you wealthy.

You can work hard, or you can work smart and let your money work hard for you instead.