How did those people become super rich?

Question

I see the rich people dinning in expensive restaurants, live in luxerious houses, driving mercedes. I want to ask them, how did your become so super rich? I want to know the "how".

I don't think simply "working hard" can make me that rich. I see many people work so hard that it even threatens their health, but most of them get old and die even before reaching the 1/50 of the richness of the above people.

There must be something.

Is becoming rich confined to a certain careers, specially to the "business" sector, like real estates, being the head of the grocery store, owner of the firm, etc.? What careers that make them super rich?

And do you think the manufacturing career is in fact, does not make much money and does not make the people become super rich?

Please tell me.

Answer 1

I'm not super rich but II make about 200k a year selling properties and doing international trades. Of course, that's only part-time. Full time, I'm a CEO of a small forestry company and I make about $80000/yr from that.
If you want to drive mercedez, the only jobs that can offer you that are jobs that require risks. Everything in the business is a gamble. sometimes you lose, sometimes you win. kinda like playing in a casino really

Answer 2

1

Answer 3

Okay. I'd say at least 50% of the people you consider "super rich" were born into families of wealth. They're often taught at a very young age how to manage their money. Then given trust funds, allowances and high paying jobs once they graduate college.

Probably 25% of those people came from middle class or poor families, went to college and worked their way up the career and money ladder.

The other 25% probably married someone else who was wealthy, invested and got great returns, got an inheritance, won the lotto, etc.

Invest. Get a Masters Degree. Start going to the type of events that the wealthy attend so you can network and make friends. The super wealthy are usually a small group of people in any area so you have to put yourself in their territory if you want to learn from them.

Making money manufacturing?? Sure, if you own the business.

Answer 4

I'd suggest reading the book "The Millionaire Next Door". Although it doesn't talk about the "super" rich, it does talk about how many ordinary people have become millionaires. Of the seven causes they mention in the book, one is "living below your means".

Consider this -- compounding of interest causes both savings and debts to grow at an exponential rate. Wouldn't you rather have that force working FOR you rather than AGAINST you? If you get a raise at work, put it into savings instead of increasing your lifestyle and your expenses.

I just retired this year at the age of 49. Well, actually, I had to quit when they told me I had to go back to work full time instead of the 20 hours per week I was. I had been working part-time since about 1993. But, even working part-time, I was still putting about $1200 per month into savings. Many people doing the same job full time were complaining about how difficult it was to make ends meet.

Too many people can't afford their own lifestyle -- they buy new cars too often, larger houses than then need (or can really afford), etc. Add child support, alimony, etc. It all adds up.

Answer 5

The key to getting rich is finding something people need, buying or making it cheap and selling it expensive. The best way to do that is to restrict your competition so if you can have patent or copyright protection it allows you to make exceptional profits, eg Xerox copy machines dropped their price to about a third when their patent ran out because then they had to survive by selling in a market place wich had competition. Prior to that they could hold the world to ransom selling a business necessity at way about manufacturing cost plus normal profit.

To learn the theory you can study economics but in practice you don't need to know everything, one good idea will do. The guy named Percy Shaw had one good idea, highway cats eyes, patented it and lived all his life as an ecentric millionaire on the Royalties.

Working hard leaves you no time to get rich. Have the idea, put someone else to work making it happen, then you are free to try have another good idea.

Answer 6

The rule of 72 says that if I can make 12% monthly on my money I will double it every 6 months. That also means that I could take 5000 and turn it into 10000k then 20k then 40k then 80k then 160k then 320k then 640 k then 1.28 million so on and so forth. So small amounts of money can turn big in 4 years. I have found an investment that is easy to do for guys like me and you. I have taken 3000 and turned it into 3960 in 37 days. That return tells me I will double my money every 3 months. I spend 100 a month to get the information and I write that off on my taxes. www.freedeominforex.com. It will change your life.

Answer 7

1. By chance and wit that's called; Luck. 2. By hook or by cook. 3. Legacy.

Answer 8

There are numerous people who would laugh at the possibility of altering their destinies. This is because it thinks that nobody gets more that exactly what is put in his destiny.

Answer 9

worknig hard only will NEVER make u rich .. your salary will never make you rich ..

in very smiple way just WORK HARD while your using ur brain ..
dont just use ur body

i've been trying to know what makes these rich fools rich and thats the best i understood ..
im looking so hard for richness and one day I WILL GET IT!

Answer 10

Plundering.