2007-03-15 15:24:57 · 11 answers · asked by Kelvin G 1 in Business & Finance ➔ Investing
Save and invest; don't spend and divest.
2007-03-15 17:14:16 · answer #1 · answered by pepper 7 · 0⤊ 0⤋
You can become rich by planning your future as sooner as now. When you want to win a battle, you have to have strategies and plans. Just like becoming rich you need to plan your life and what you wanna do in the future. Let say, you want to become rich, and as of now you are currently studying. You can save some money from your school allowance. Then if it is a doing good, you put it in a bank. Saving money is partly preparing for some future expenses. Having money save helps you to become rich.
After you have enough money saved, you can invest some of it. You have to learn how you will make more money out of money you save. Or you can put up a small business.
Having a business is the most probable way to become rich. It is not easy, you really have to work hard and be patient.
You should also have to gain knowledge on how to manage and take control of your business or your money.
2007-03-15 15:39:04 · answer #2 · answered by chris 1 · 0⤊ 0⤋
Save, save, save, especially while you are young.
Invest in stocks. If you cannot do the research yourself, buy a good mutual fund.
Do not buy and sell stocks frequently - stick with the ones you have as long as they company is doing well. Do not be afraid to sell a company that suddenly appears to be in serious financial trouble. Do not judge the health of the company by how much the stock goes up or down.
Do not waste money on non-essentials.
2007-03-15 15:47:41 · answer #3 · answered by m15 4 · 0⤊ 0⤋
WORK really hard. For a really long time. Or get married to somebody rich. Or win the lotto. Or make some smart investments.
I like the first one best though.
2007-03-15 15:28:32 · answer #4 · answered by Noodles 4 · 0⤊ 0⤋
To become rich you have to stop working for others and start working for yourself.
I am living proof of this! I would be interested in talking with you if you are serious.
http://www.iboplus.com/team2000
My number is 800-690-8101
Look forward to hearing from you!
2007-03-15 15:47:13 · answer #5 · answered by Sheree H 3 · 0⤊ 1⤋
berkshirehathaway.com has a great collection of advice from Warren Buffet, legendary investor.
A great place to start
2007-03-15 15:59:48 · answer #6 · answered by Anonymous · 0⤊ 0⤋
go to college and get a degree in something you like. Then start working your hardest. It will start paying off. You will see.
2007-03-15 15:33:15 · answer #7 · answered by misunderstud_31 2 · 2⤊ 0⤋
Buy a lottery ticket and pray.
2007-03-15 15:29:47 · answer #8 · answered by Ted 6 · 0⤊ 1⤋
Step out of you comfort zone and try something new
2007-03-15 15:29:46 · answer #9 · answered by reg s 1 · 0⤊ 3⤋
Do you already have a house?
2007-03-16 20:07:18 · answer #10 · answered by Anonymous · 0⤊ 1⤋