WHat makes the rich people of the world rich?, besides being born into money?

Answer 1

I know a guy who is from an average family, his mom was a cleaning lady and his dad a carpenter. He went to college, worked hard, took a chance on a new job with a new company. Put in a lot of extra hours and the boss was grateful. Since the company was not that rich, the boss gave him shares of the company. Time went by, my friend kept working hard. The company went public and he retired at 36. Lesson: go to school and don't be afraid to take a chance and to work hard.

Answer 2

If you look at the numbers, most millionaires are new millionaires. They get rich and stay rich by working hard and saving. You see them in line at the store, raking their leaves, driving their kids to public school,etc..In other words, they are plain old folks. Most of them drive old cars, wear plain clothes, have modest homes,etc....

To get rich, use no credit. Buy used cars and keep them until they fall apart. Read something. Know more tomorrow than you do today. Work hard and smart. Save, save,save. Invest in mutual funds early in life. Invest in tax-deferred and tax-exempt retirement plans. The guy that gets to work first and leaves last is the one to watch. And, if you believe that most of the rich inherited their money, look at lottery winners. Many of them are bankrupt in a few years. It takes brains, and perseverance to make and hold onto money.

Read: The Millionaire Next Door. You'd be surprise at a look into the life of most millionaires.

Answer 3

it's fine to be born rich. but to stay rich is a pretty involved process too what with education and all.

i've seen where a man drums up a fortune in a life time and when he passes away his off spring can't keep the fortune alive.

one has too need want and desire to be rich with all that they can muster. the brains the will the strength. hell some go as far as to make a deal with the devil.

i know that being rich is a much desired condition but it usually goes hand in hand with fame of some calibre. and if you have fame you attract the sharks of the business world who usually want a piece of the pie and will get it "come hell or high water".

one would have to be prepared to be rich, to be sure. if you don't have the tools to keep your money alive and growing you will spiral downward and that will be all she wrote........yeah?

Answer 4

hard work, these people have an instinct for always wanting to find ways to get an edge, and go above and beyond what is expected, and most of all, they take risks.

We all get ideas in our head like, gee, that would be a good business idea, but we forget about it the next day. They are the ones that get an idea and say, lets make it happen, and go into debt, risk there own cash, or do what ever it takes to make their like brainstorm a reality.

Answer 5

Capital! Need money to make money....lot of people have great ideas but only a few have the means to make it happen. Or rich people are able to invest in the people with good ideas and make more money.

Answer 6

To become wealthy, know the difference between a liability and an asset. Buy assets. (this is explained in the great book, Rich Dad Poor Dad)

Answer 7

Having enough money so they can make large profitable investmets, rather than having to work for a living, works for most people.

The tax code deals with earned income totally differently than investement income. In other words, those of us who work for a living pay A LOT more than those who live off daddy's investments.

Or you lie and intimidate your way to a fortune, like some people who will remain nameless, but who have someting to do with the initials MS, first by telling people that using anyone else's OS (like DR DOS and later IBM's OS/2) would damage a PC, and intimidation: By forcing PC makers to put their OS on ALL computers manufactured by that company or else they would not be able to buy any MS product.

The possibilities are endless.

Answer 8

First you need to define - for yourself - what constitutes 'rich'. If it is simply the acquisition of monetary wealth, there are many avenues you could pursue. If, on the other hand, it is relationships and community involvement for betterment...then you have a different course to chart. It is very possible to do both and it doesn't matter which is emphasized. Give of yourself in all that you do. "Rich" will find you.

Answer 9

There are people known as old money and people known *** new money. You either win it, br born into it, or inherit it from a relative for one reason or another.

Answer 10

Ivy League.