How do I get the inspiration/creativy to find something to get rich?

Answer 1

First, toss out the idea of getting rich quick. That happens for very few people and those it does happen to, well, a lot of times then end up poor again within a few years. If you take years to accumulate weath then you appreciate it more. If it just falls in your lap overnight, then you are likely to blow it.

The first step I would recommend is learning as much as you can about personal finance and investing. Go and get the appropriate For Dummies book and/or The Idiot's Guide to book. I think they both have a Personal Finance edition. Use those books as a starting point. They have the most basic of information and usually do not get really in depth on the subject but from there you can buy other books or go online and do research. Learn as much as you can and keep learning. If you can go to college and get classes on business and finance (even just part time) then it is a real bonus.

I get the idea that you are wanting to start your own business doing something in a creative line of work. Once again, learn as much as you can about business. I have had the luck of knowing many personal business owners. Probably 10 or 12 of them. Out of them, there is only 1 who became successful. The others made some serious mistakes.

1. They did not understand the market for what they were trying to sell. I have known some people who decided that everyone should love the whatever they were selling and open a business and discover that not that many people really liked it.

2. They jumped into an already crowded market. One person I knew tried to open a florist shop in a city with too many florist shops. Others opened up restaraunts serving burgers and fries in a town with all of the big name burger joints plus a few old time places. No room to compete.

3. They over borrowed. I have seen one person fail at his business because he borrowed too much money to start it. He was doing a lot of business and making a lot of money, but the debt ate up the profit. He had to keep borrowing to pay his own bills plus those of the business. When he hit a slow time he fell behind on the bills. The business folded. If he had waited and saved up more money to start the business then he would have had a much better chance to succeed.

4. Not understanding the business. I knew one guy who started a lawn mower repair business. The sad part was, he knew nothing about how to repair lawn mowers. He just assumed it would be easy. He was learning how to do the work but he fell behind on the orders because of his learn as he goes system and soon no one would leave their lawn mowers with him. No customers and soon he was out of business.

5. They did not reinvest in the company. I knew on group of people who went in together on a business. It did very well. Their total investment was $75,000 and the business made over $100,000 in the first three months. However, these people took the money and got more expensive cars. Soon the business needed repairs and upgrades (and also they learned that those three months were not typical). They did not want to put more money into the business. They felt that they were being robbed as it is because the profits were a lot lower than the first three months. So they did not do the repairs or the upgrades. They did not do advertisement. They did not try to keep employees. After a while, the place fell apart and it could not keep going.

7. The "I am a business owner so I never have to work again" philosophy. This is one of the biggest business killers that I know of. The person gets the idea that being the boss means less work. They make their own hours, so they make very few of them. They depend on the employees to run everything (employees who are paid the same whether or not they work hard or employees who could use that extra hand). Work is not done or is not done right and soon the business runs into hard times because new customers are scarce and the old customers do not come back. The one person who succeeded is the one person who did not let this get him. He started his own business and then worked 80 hours a week. He rarely took time off and was always at the store working hard. When the store was closed, he was busy doing accounting or payroll or inventory or something. Soon, he had enough money saved up to start a second store. He divided his time between them. It was less than a year before he had enough for a third store. He kept busy and worked pretty much equally at all of the stores. Today, he has over a dozen stores and finally works a normal 40 hour week and takes long vacations. He has built up a crew that can keep his places running and keep them profitable. It took him a decade to do it but he did it. He is the only successful business owner that I have known.

Answer 2

Its got to be inside you, your inspiration and creativity is inside you. There are tests or scales you can take that can give a rating as to your interests and therefore jobs you should be good at.

Take 'free' business seminary's offered by many Chambers of Commerce. Look at yourself as to what kid of things your good at and can you make money from them. Sometimes rich is having a job you love to do and can live comfortable without bills dragging you done. Some people the more they make the more they spend so will never be rich. Once you make money you have to be able to save and invest.

Answer 3

well it depends on your definition of rich. my advise is to find something that is fun for you and then try to make money doing it. If you are having fun and you make enough money to pay the bills and enjoy your life then you are filthy rich

Answer 4

get into trading and investing...or else its really hard to get rich quick.