What is the best way to become rich?

Answer 1

First you set your goal!
Then you plan the steps needed to reach that goal!
Take one step at a time, and do not go to next step until the present one is fulfilled!
Be honest and be as open as you need to be.
Nurture your client base, look after them with competent advice and reliable services.
Inform yourself about competitors in your branch. Find or create real advantages for your clients in comparison to your competitors services or products.
By providing super, efficient and professional services you will become well known through word of mouth. Let your client base do your advertising for you and save your company alot of money!!!!!
Be innovative, always on the look out for follow up business and new products, expand your client-base and analyse the needs of your clients.Furnish your catalogue with the whole range of products covering those needs!
Invest wisely and make good provisions (reserves) for possible setbacks.
Be very careful with your choice of employee's.

There is not really any specific recipe for becoming rich, but my thoughts above, I think lays a good foundation and is by far a better way of becoming rich than winning lottery. The results are the result of your own hard work and determination. on which your future expansion and success can be built upon!

I wish you all the best in your quest for riches!
Good luck!

Answer 2

There's no disputing that becoming rich is a mindset of being determined to spend less than you earn. This can be done over a period of time with the advantage being to the young. If you check out the library, you'll find free information on how others have become rich in their lives. It's not all about inheritances although that's the easiest way to be rich is to have a few million bucks thrown at you. That doesn't happen to many people and realizing those odds, you'll know that the odds of lottery are even less. That means you have to either marry into money or work for it. If you are young and make a conscious effort to save at least 10% of your income off the top (pre-tax) into a relatively safe investment (retirement) fund, you can become a millionaire by retirement. Then use the rest of your income to make wise buying decisions. We all want the toys out there on the market... the 55" plasma tv and the 2007 auto and the half million dollar home but your money only goes so far. If you shop around for bargains, buy what you need over what you want, and put off extravagent purchases you will be rich. There's a difference between being rich and looking rich. You look rich when you have all the finest things (and hide the bills) but you are rich when the money is in the bank and your purchases are paid for by cash. Your lifestyle should be based on what you can afford versus what you want. Starbucks is a great cup of coffee and they've made their name (and their money) by their branding. Is Maxwell House horrible? NO. It's just a decision that you have to make if you want to spend $5 for a cup of coffee or for a pound of coffee. You cannot have money if you spend it so start today to consciously make the most of your life and your money by living within your means. Getting rich won't happen overnight. But getting back to the library there are some incredible books that can help you save money, invest money, and think positively about money. Getting rich is a matter of saying NO to things you really don't need in your life. Say NO to credit cards. Say NO to wasting money. Say NO to trips you don't really need to take. This does not mean to deprive yourself... treat yourself but do it within your budget. There are lots of things you can do in your own home town that are overlooked when you'd rather go to a zoo in Australia than in your own back yard.

Answer 3

There are 2 good ways to become rich. First is to own a business if you have a good idea.e.g Bill Gates. Second is to invest in successful businesses. e.g Warren Buffet. Incidentally they are the top 2 richest persons on the planet.

Next is to generate a surplus by keeping expenses lower than incomes. This is applicable to everyone including employees and all. Invest that surplus wisely.

Take help of professionals if cannot do all that yourself.

Answer 4

First, determine what you mean by rich. $1 Million? $10 Million? $100 Million? Be realistic with the figures.

Second, plan how you will get there - figure out how much you have to make a year, and how much your expense is.

Third, work tireless at it.

Unfortunately, there is no such thing as free lunch. And, the best way to get there is slowly, but steadily. Other "shortcuts" seem to have their own price tags.

Answer 5

Don't listen 2 ur friends and family if they are broke offering u advice. Take inititiave and innovative. Be very paranoid. If you come up with a concept for an already existing personal business, don't share it with compadres except for those working under you. Use that as a competitive edge to gain more clients. Use unconventional methodlogies in advertisement. Look for the demands in your current environment, and look outside the box to supply those demands, and always keep your ears open for new demands to pocket that money and seal those deals.

Answer 6

Hi

What about trying to do an Internet business. If done properly it will generate passive income. You just need to set it up and let it run by itself. There is loads of info out there a good place to start is http://www.eroutetoriches.co.uk/ and http://www.marketingtips.com/

Also if you have the time try learning foreign currency trading (forex) the potential to make fortunes is immense. It will pay off. You can work from home and pretty much choose your hours. I can assure it is much easier that people generally think is. If you have the time google forex training and have fun.

Best of luck

Crislol

Answer 7

Get your money the old fashioned way...

"Thanks Dad!"

Hey, it works for the Kennedys!

And then there is the John Kerry road to riches -- marry it!

Aside from those two ideas, you generally have to do something that no one else can do, or something that no one else wants to do. Then you have to work harder than any human being should work for longer than anyone should work. At that point, you've put yourself in a position to get lucky -- which is the last step.

Answer 8

Pick the exact opposite of what I pick on any given week of NFL games over the last 4 weeks and bet the mortgage on them next week...guaranteed to be very rich! Trust me on that one, cause I'm very poor again after this week's games...

Answer 9

Meditate, concentrate,mind set and work up to become rich.Where there is a will there is a way.

Answer 10

Work hard, spend less. Getting a good education will help with the former.