2007-06-03 07:10:47 · 11 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I recommend that you read a tremendous book called "The Richest Man in Babylon" by George Clason. Through a series of parables the author reveals several vital principles which, if followed, will increase personal wealth. You might pay particular attention to the chapter entitled "Seven Cures for a Lean Purse."
Cure 1: Start thy purse to fattening.
Cure 2: Control thy expenditures.
Cure 3: Make thy gold multiply.
Cure 4: Guard thy treasures from loss.
Cure 5: Make of thy dwellin g a profitable investment.
Cure 6: Insure a future income.
Cure 7: Increase thy ability to earn.
Get a copy of the book and read it... it has the information you are seeking
2007-06-03 09:09:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The best way is to save on the small things. Be a compulsive saver. Don't spent money on the Happy meal if you can order off the dollar menu and get a water free. Start a brokerage account at a discount broker and start to put a little money away each month. After awhile, you will hate to waste money and eventually you will be rich. Never buy cigs, pop, alcohol, or lottery tickets. Get a second job and save the whole paycheck! But remember, money will not buy happiness.
2007-06-03 10:31:00 · answer #2 · answered by KG 1 · 0⤊ 0⤋
There are many ways, legal or illegal..:-)
1. Start your business and run it successfully..
2. Just save money and do not spend it..
3. Invest in stocks wisely...
4. Join the good startup company which will go IPO soon and get stock options there.
2007-06-03 08:58:25 · answer #3 · answered by Human07 2 · 0⤊ 0⤋
No matter what your income, if you spend everything you earn, you are broke. If you spend less than you earn, your net worth increases. If you can put $100 a month into an AVERAGE mutual fund, you will have over 1 million dollars after 39 years.
2007-06-03 08:26:44 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
Save and invest. Lower your expenses and have no credit card debt. Do what you love. Get a graduate degree. Don't have kids.
2007-06-03 07:15:06 · answer #5 · answered by KatGuy 7 · 0⤊ 0⤋
Income > spending
2007-06-03 07:14:45 · answer #6 · answered by MonkeyK 2 · 1⤊ 0⤋
Work hard, save money and invest wisely.
2007-06-03 07:49:41 · answer #7 · answered by Anonymous · 0⤊ 0⤋
you can get a job or rob a bank.i got money when i was 19 by being a stripper
2007-06-03 07:17:19 · answer #8 · answered by Funky Monkey 1 · 0⤊ 2⤋
Greed.
2007-06-03 07:13:29 · answer #9 · answered by Anonymous · 0⤊ 3⤋
go to skool. learn and get a degree. get a good job
2007-06-03 07:13:52 · answer #10 · answered by Anonymous · 0⤊ 1⤋