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I would like to become financially sttable and have no idea how I can make money. Anyone got any serious realistic ideas?

2007-03-06 03:50:28 · 12 answers · asked by Anonymous in Business & Finance Personal Finance

I would like to start my own business

2007-03-06 03:55:23 · update #1

12 answers

You need to find a job you enjoy.

I suggest you read:
48 days to the work you love by Miller
Also read The millionaire next door by Stanley and follow what millionaire's do (like don't borrow money, and save, save, save). I would also read The total money makeover by Ramsey to get on a written budget/money plan to increase the dollars you are earning.

Good luck!

2007-03-06 03:55:41 · answer #1 · answered by mldjay 5 · 0 0

Congratulations. The first step towards becoming rich is the expressed desire to become rich.
are five ways of having a lot of money: 1) Have rich parents, 2) Have rich in-laws, 3) Win a lottery, 4) Steal from somebody, such as a government department, or from poor people. This works best in poor third world countries such as India, pakistan, Nigeria, or Latin American Banana Republics, AND 5) EARN money honestly. This will, of course, take longer.
OKay, I suppose, the 5th option is best for you. How to go about it?
FIRST, get a job. START making money. Live BELOW your means. This means spend about 10 to 15 percent less than you make. Put this savings in a separate account, not to be touched even in an emergency, if it can be helped.. Pay yourself first. Take out the amount to be saved as soon as you get your salary. Put your savings in a Government security so that your money is safe and also earns decent profits.
Bide your time. Wait for the next serious downturn in the stock markets, and then, only then, put all your savings in buying low-cap stocks. You will make decent profit. Remain invested for the long haul. Do not panic. Do not be too greedy. Do not go for easy solutions to your money problems. Remain patient , and see your money GROW. In the meantime READ all you can about money. Good Luck. You will make it.

2007-03-06 04:25:59 · answer #2 · answered by sultan395 2 · 0 0

There are many ways to get rich. First, you must decide what "rich" means to you! For instance, rich to me means time freedom, financial freedom, good health and wholesome relationships. As such, I believe one is rich when he is prosperous in all of the areas mentioned.

As for you, decide where you want to be in all areas of your life. Be as specific as possible. Write it down and place it in an area so you will see it daily so that it will become a part of your subconscious. Then write down WHY you want to do these things. Your "WHY" is more important than your how in the beginning. Then devise a set plan to achieve your goals. If you are having trouble, try to find someone who has the level of success that you desire and ask them to coach/mentor you. Then, decide how you will achieve your goals.

This all begins with your mindset. Change your thoughts so that you can begin to F.O.C.U.S. (Follow One Course Until Successful) on your desired result. Put your blinders on and do not allow ANYONE to steal your dreams. You will see that in time, the way you look at things will start to change. In the beginning, you don't have to see the entire path. All you need to do is take the first step. As you learn and grow personally, the others will start to come into place and things will work out.

Have faith WITHOUT fear or doubt and pursue your dreams. Abundance is yours by right, regardless of what others may tell you. If you can see it, you can have it... IF YOU BELIEVE...

"What you think, what you feel and what manifests is always a match..." - Esther Hicks

Feel free to contact me if you would like to discuss some other alternatives. Best wishes...

2007-03-13 17:50:06 · answer #3 · answered by Anonymous · 0 0

The first thing I would suggest is you decide what it is you actually want as you are asking for 3 different things.

1. How to get Rich
2. How to become financially stable
3. I want to start a business

Becoming rich and financially stable are 2 objectives that are at odds with each other. They require a different mindset and as such will be in conflict with each other.

If you want to start a business then I suggest you find one that appeals to your beliefs and interests and also one that helps develop your own personal skills. This site is my core business and may be suitable but I urge you first to work out what it is you really want.

2007-03-06 04:44:01 · answer #4 · answered by John O 1 · 0 0

There are 4 ways to increase your income / net worth.

1. Push forward in your career or "W2" job
2. Invest in the stock market
3. Invest in real estate
4. Own or partner in business(es)

You can always chase the GRQS's - but you already know where that will end.

Work smart first, then work hard. Never usurp your values or religion (relationship with God) to make money or it will be your downfall.

Be blessed!

______________________________

Okay, so you want to start your own business. Simple.

1. Start a regular savings plan right now to invest in yourself down the road.
2. Write a business plan and discuss it with people who have already done it. Ask questions and don't be shy about talking to people about it, whether it is a franchise, an online business, or a good ole' mom n' pop shop. Find people who are already successful with what you want to do and take their advice.

A general business degree doesn't hurt, either.

I recommend Business Plan Kits for Dummies published by Wiley.

Good luck!

2007-03-06 03:58:46 · answer #5 · answered by Ethan 3 · 0 0

There are only two basic ways that are legal...either your money works...or you do. Becoming financially stable and independant is really good enough for most..."rich" is a matter of values and definition. Just find something you like to do, then the money just kinda happens as a fringe benefit...and most end up happy and satisfied.....

2007-03-13 06:22:33 · answer #6 · answered by Rick 3 · 0 0

Pretty simple...
1. Get a Job
2. Spend less than you earn
3. Invest the difference, in low risk investments


Pretty simple plan, but pretty hard to stick to, cause everyone wants to buy the stuff other people have, and they want credit cards, and they don't like saving, and when they do, when they get a bit of money, they spend it.When they invest, they go for the story of Quick riches and lose their money, then look for another scheme to buy into to recoup these losses and lose again.

So keep it simple.

2007-03-06 03:59:13 · answer #7 · answered by bob shark 7 · 0 0

To become financially stable you must not spend more than you earn.

Start to save & keep saving.

Don't buy on credit.

Work, work, work

Save, save , save,

Invest, invest, invest. Choose safe investments, don't try to strike it rich in one quick killing.

2007-03-14 03:20:32 · answer #8 · answered by Floyd B 5 · 0 0

hi!
*first find a good
*you should know how to save your money and spend less
*be responsible and have perseverance..
and have faith in GOD if your motives is good then im sure he will help you....GOD BLESS

2007-03-12 23:42:21 · answer #9 · answered by Anonymous · 0 0

found the next google

2007-03-06 09:26:38 · answer #10 · answered by Anonymous · 0 0

fedest.com, questions and answers