How can I become filthy rich?

Question

as in, money wise
:-)

Answer 1

By cleaning up your financial mess!!! savings = income - expenses. See that your savings keep increasing year after year.

High income may not lead to high savings. So be careful with expenses.

Answer 2

First of all "filthy rich" is an American colloquialism and entered into
the American lexicon by de facto usage.

One must realize in order to become a millionaire, one must
have one million dollars in the bank, tax free.
However there are other ways to be described as a millionaire.
Its done through paper ownership or blocks of stock which
have timed values attached to them, or annuities that may come due at a set time.
There is time share ownership like with a condo at a recreational resort location, which one might only own a quarter or a third of the total property value of its appraised net worth.
You can own as many of these types of investment instruments as you can legally afford.
You can use the first instrument to act as collateral for the second, and so on.
That avenue is just one of many, but you have to do your homework, if you are a serious contender to further your riches. one must study the financial trends in all of the ways to earn/make money, or more money.

Case in point, be very careful and aware of playing the New York
Stock Exchange (NYSE) since all the Intenet companies were
blown out of the water with foreclosures and bankruptcies, of
the late 1990s, it dropped a lot of intergrity from the NASDAQ
an acronym that means National Association of Securities
Dealers Automated Quotation, or NASDAQ, they are the business end in stock trading for all hi-tech stocks, such as
Sun Microsystems, Intel, Worldcom, Microsoft, Dell Computer and Oracle dominate this index (NASDAQ Composite Index)

The point we are looking for is how to get rich?
Read all of Donald Trump's books on finances, but remember
he started from a well financed foundation to begin with, he is
a graduate of the Wharton business college of the University of Pennsylvania, as his father was, and Donald pursued the real
estate industry and became a super builder.
Not all of us are so lucky.

Another point to remember being "rich" is not relegated to just being "filthy rich" which in my view is a misnomer.
There are tiered levels of material trappings that a successful person can surround themselves with, depends how eccentric
your tastes run, some like expensive racing boats, or ocean
going yachts, if you can afford their maintenance and upkeep,
even well to do, or well fixed income people aren't that extravagant.
Depends what you want or what you think you want that may make you happy, to me happiness is a state of mind, not a status symbol, I'm not out to impress my neighbor or the general public.
If you want a palatial estate, with 10 bedrooms and 7 bathrooms,
on a 5,000 square foot of land area, and you can afford the price tag, in the 3-5 million range if properly outfitted with all the best amenities, landscaped yards swimming pool wJacuzzi, Parkay floors, vaulted ceilings, custom cabinetry, island kitchen, fireplace
w/tile and brick, etc.
You will pay a lot of bucks for this type of real estate, but if you can afford it, good luck.

To an average American, being rich is being able to pay all of his
living expenses, his mortgage, and, the daughter's college tuition, and put some away in an annuity or stock purchase plan or CD(certificate of deposit) short term, or Treasury Bill (T-bills)
that mature in ten-twenty-thirty years, depends which program you select, thats one form of being rich with moderate comfort
to enjoy.
If you take a more aggressive approach to accumulate more wealth, then you must study all the money market trends, and know what and when to invest in say futures, orange juice, coffee, sugar, even corn and flour, among other commodities.

All the certified financial planners advise, never plant all your eggs in one basket, in order to minimize investment losses, you
must invest in a dozen or so different financial programs, and always aim at the highest rate of interest or yield that you can find, ordinary commercial bank's passbook savings interest is around 2.5-3% not high enough, your losing money, you want 8-10% interest APR/APY (annual per centage rate, annual pay yield)

Remember all these rates are subject to change as the nation's economy goes, so do your investments.

So what's the bottom line for "filthy rich"
The answer is directly relative to the person who is asking the question, and is subjective, of course.
If you aim high and fall short, get back up and try again, and again and again, if you have to.
Edison had over a thousand failures before he stumbled on the electric light, persistence through insistence is the key. Or
90% perspiration 10% actual ability, take your pick.
When the going gets tough, the tough get going, or tough times don't last but tough people do.

Thats my message, good luck.


Donald H. Sites
[e-mail]

Answer 3

Get off this computer, go to school (if you haven't already), go to the library and read all the books you can on finances, go to people that you admire in their monetary ways and talk to them and then get a good job with your college education that works with money and/ computers.

Answer 4

Rob a Bank.

Answer 5

if God will , you will be a rich but not filthy

Answer 6

Steal from my father. My father is a billionaire but he never gives me enough money. I'll be glad if you steal his. I can help you if you want

Answer 7

start a bussiness thjink of something u like to doo

Answer 8

win the lottery. Otherwise you have to work hard like the rest of us.

Answer 9

Start steeling

Answer 10

My brother would suggest blackmail, I say hardwork and perseverance^^.