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2007-01-23 04:34:36 · 9 answers · asked by kuytfkhtdt 1 in Business & Finance Personal Finance

9 answers

Depends but you need to start doing what rich people do to be come rich (with money).

For better ideas on how to become wealthy read:

The Millionaire Next Door by Stanley
The Total Money Makeover by Ramsey

I have read both books and both are great. Working on baby step 2 and will be moving on shortly. (Have to read the books to understand the baby steps.) Both books give you calculations on how much to save to achieve your financial goal.

2007-01-23 04:52:38 · answer #1 · answered by mldjay 5 · 0 0

Some people are born rich, so the minimum time to be rich is 0 (or maybe 9 months)

How long it takes to go from nothing to rich is a different question. Depends on your definition of rich.

2007-01-23 13:47:53 · answer #2 · answered by Quixotic 3 · 0 0

Depends on your definition of rich and what you personally are looking to achieve. You can be emotionally rich, physically rich, financially rich - the list goes on.

I'm going to assume that you mean financially rich.
Unfortunately even in that instance we are still back to square one.

The homeless on the street might consider $20.00 to be rich.

The person who makes 15,000 a year might consider 50,000 a year to be rich.

The person who makes 50,000 a year might consider 200,000 a year to be rich.

And still the person who makes 200,000 year might not consider himself rich until he has made his first million.

In order to answer this question - you need to ask yourself what it is that you want to be able to achieve, what would be enough for you - and then look at what you have to work with. Not just in terms of what your income is a year, but what you can do in terms of investing the money that you make, the kind of budget that you can live on - and if there is anything that you can do personally in order to improve your income potential. (ie, education, volunteering to gain extra experience in a field you may be interested in, ect)

Only you can determine what being rich means to You. And since each person's individual situation is different - how long it will take to reach those personal goals will vary as well.

Best of Luck!

Trish

2007-01-23 12:47:11 · answer #3 · answered by Simplekindoflife 2 · 1 0

With the opportunity I work with 2-5 years if you are prepared to put the work in, but it can be done in that time frame part time working from home, running alongside what you currently do NOW.
Curious then take a look at this web site www.iolair.acnrep.com it will give you an overview of the opportunity.

2007-01-23 15:38:14 · answer #4 · answered by Eagle 2 · 0 1

What do you consider rich?

Smarts, drive, determination, luck, hard work are all factors on becoming "rich".....but remember, being rich isn't just about how much money you have.....

2007-01-23 12:42:31 · answer #5 · answered by Anonymous · 1 0

That depends on what your definition of rich is.

It also depends on what your skills, connections, abilities, personality, and adversion to risk is.

2007-01-23 12:39:25 · answer #6 · answered by M O 6 · 0 0

14 years, 3 months, 6 days, 4 hours, 37 minutes, and 58 seconds.

GO!!!

2007-01-23 12:41:46 · answer #7 · answered by dennisjohns23 3 · 0 0

check out this site

2007-01-23 20:10:03 · answer #8 · answered by slipstar_182 2 · 0 0

Dennisjoh is right.

2007-01-23 14:10:32 · answer #9 · answered by Anonymous · 0 0

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