what makes one rich is it hard working or planning.?

Answer 1

'Planning' .. i.e. organising your life style and finances.

You start by making sure that, at the end of each month, you have ZERO Credit Debt and the balance in your Bank account is GREATER than last months.

Soon you can start putting money away eg. in an ISA where the Tax man can not steal your Interest on your savings. Each month you must have more in the Bank and savings than last month.

When you have enough money saved for a Deposit you get a Mortgage and buy a house. At this stage your bank balance will go up a lot slower, but it must STILL be increasing every month.....

... and so on ..

Answer 2

Person A "plans ahead" and puts $10,000 in a mutual fund when she is 20 years old, and never saves another penny.

Person B realizes he wants to be rich at age 40, so gets up at 5AM six days a week and works ten hours a day for $20/hour, and puts 20% of everything he earns in the same fund Person A is using.

Person A still ends up with more than twice as much money!

Answer 3

I say planning but without work it can't be done. The best way is to start a business that has a specific system.
The system should be something that you setup once and don't need no further attencion. (Like selling e-Goods on-line for instance).

After that automatic system is up, you could go on building the next one.

Also you should invest some of the money you make in new business and stocks etc.

If you plan this right you should be rich at the end!

Best of luck!

Answer 4

the best hard working with better planning makes one rich

Answer 5

It takes both. I know people who work VERY hard, but because of poor planning, they stay poor (even those who make a lot of money can be very poor!). On the other hand, those that are planners must work hard, lest they have a plan and no money! I think it also takes discipline because you have to be sold to your cause, work hard, tell your money where to go, and continue to do it regardless of your circumstances or "wants",

Answer 6

Hard Work is good but it is not enough. You need to work smart and also create something that will generate passive income. After all you can only work so many hours in a day therefore create something that will earn 24/7

Answer 7

Greed and a lack of social responsibility.

Answer 8

i think planning

Answer 9

or pure luck or inheritance