What is your greatest wealth secret?
What did you do to experience a large rise in your wealth?
2006-12-27 00:39:27 · 13 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
I had Kids, and found true riches are moments spent with them.
2006-12-27 00:49:58 · answer #1 · answered by eniomelmahnarb 2 · 0⤊ 1⤋
Most people work and earn money and pay bills and then they may or may not have a savings account. You only get wealthy by developing passive income and having smart investments that increase over time.
Start developing a plan for passive income - An income stream falling into this category is one where money is received usually on a regular basis, without continuing effort. This does not mean no effort at all; most passive income streams require great effort to start with.
Some Examples of passive income:
Interest Income paid from bank deposits.
Rental income from real estate/property.
Royalties from writing a book.
Dividends from shares holding.
Selling digital files like software / ebooks or scripts on an automated web site.
I only like 2 investments - gold and real estate. I stay away from the stock market but mutual funds are okay I guess, if you must have money in the market. Unless you have a good broker or lots of time to study the market - it is not a good place to park money. To me, the stock market is just a form of legalized gambling. BUT this is my opinion only - you should do your own research.
I like gold coins because you can buy small gold coins and build your collection slowly. Always get coins that are valued on the open market such as the American Eagle, etc.
I also like real estate. I prefer the kind that you flip rather than have alot of tennants and headaches. There is a whole section in the book "Rocket to Riches' about how to start with little or nothing in the real estate market. This book is for free. The free download link is at http://godisruleroftheuniverse.com - go there then click on the money link in the index then scroll to the bottom of that page and the book (and others) can be downloaded for free.
2006-12-27 09:32:41 · answer #2 · answered by Orion777 5 · 0⤊ 0⤋
My greatest wealth secret?
"Knowledge is power!"
Nothing beats knowledge.. time helps, savings help, but the most powerful element that never can be denied time and time again is knowledge. The know how to earn money and invest money.
For anyone thinking of lottery winners.. how many people won the lottery to later become bankrupt?
I am telling you fair and square nothing equals the power of knowledge. The knowledge to grow your wealth and not lose it all to some silver tongued huckster!
I wish I could tell the whole world population this.. no most would not care.. they enjoy smothering in their abject poverty...
2006-12-29 11:27:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I'm a twisted miser...
And I'm not going to share my greatest wealth secret with anyone.
Why would I publicly announce on the web that I've got a smidgeon over $100 billion dollars in gold hidden in an old mine in Senora County...
Do you think I'm stupid or something?
-dh
2006-12-27 08:42:46 · answer #4 · answered by delicateharmony 5 · 1⤊ 0⤋
Your physical and mental health is your greatest source of wealth. As long as you can stay healthy, you have the vitality to do what it takes to be as wealthy as you want to be. Even if you lost all your money tomorrow, if you are healthy you can get it back.
2006-12-27 08:50:06 · answer #5 · answered by kathy_is_a_nurse 7 · 0⤊ 0⤋
I'm making big money with binary option, I use this software ( http://forexsignal.kyma.info ) My software delivers signals only when the five indicators (bp trend filter, market deviation, price pattern, rel. price impulse, stat. price range) are aligned together and we have an extremely high confidence rate, it must then co-exist with my proven secret strategy before a trade be detected… as a result, we get a guaranteed Highly-Accurate ’80-100%’ Signal.
2014-10-04 04:09:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Like matter is made of atoms a lot of wealth is made up of saved cents. That is my secret. It worked well.
2006-12-27 08:44:04 · answer #7 · answered by J.SWAMY I ఇ జ స్వామి 7 · 0⤊ 0⤋
It is no secret, I have no wealth!!
2006-12-27 08:41:29 · answer #8 · answered by Montecar3 3 · 0⤊ 0⤋
I was born with nothing and I still have most of it!
2006-12-27 08:42:16 · answer #9 · answered by bookfreak2day 6 · 1⤊ 0⤋
Save some money. If you don't spend it, you will have it.
2006-12-27 08:40:54 · answer #10 · answered by Anonymous · 0⤊ 0⤋