If you want to be rich then you must think, act, behave and do as rich people do.
Go and find some rich people and learn from them ask them for advice. Find out what motivates them. Find out how they spend their time.
Ask them how they made their money. Not the specifics but their approach to making money. Rich people, that is people who have made themselves rich, differ from most people in certain regards. Follow that difference.
If you are prepared to put the effort in you will start to succeed. Work hard at this and you should see some success eventually.
Hope this helps
2007-08-12 09:21:56
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answer #1
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answered by georgebonbon 4
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If you want to ridiculously rich, then you need to be aware that you might end up poor. Entertainers, professional athletes, real estate moguls, CEO's of top companies, starting and building a business and internet startups probably fit in the ridiculously rich category.
In these cases, they were often a break away from being discovered, or an injury away from having their careers ended. Many things have to work right for them to achieve success.
I would suggest that you achieve "richness" in your life and career by finding out what you have a passion for and being able to incorporate that into your career and life.
I think you'll find if you study those who are wealthy, that it wasn't the drive for money that drove them to success. It was a dream and the skills to bring it about, i.e. money was the reward but not the goal.
If you want to live very comfortably, I'd suggest reading the book, the millionaire next door.
2007-08-12 13:36:21
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answer #2
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answered by Dave 3
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Step 1: No matter what you earn, you MUST live on less than you make. Several athletes with multi-million dollar contracts are flat broke. There are janitors that never made $30,000 in a year and left millions to charity after death.
Step 2: The best way to make money is to find a way to get paid for doing what you LOVE to do. If your work is your passion, you have already retired and you get to keep your income.
2007-08-12 13:49:57
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answer #3
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answered by STEVEN F 7
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If you're still in highschool, you can focus on your grades as much as possible, to get a scholar ship, so you save a lot of money when going to university. While not studying or anything like that, work for your money and spend as little as possible, don't buy alchahol, even to start on saving money on foods buy a water bottle so you can just re-use the water in your sink not spending money on bottled water at the store. buy non namebranded clothes and shoes and try and wear them out and don't buy new ones as long as possible, for food just buy something like nooodles and some spices or something, You may be in the low life for a year or so but it will start paying off and every cent you save, is another cent richer.
2007-08-12 14:39:56
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answer #4
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answered by Anonymous
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I was sixteen when my Father asked me if I wanted to be a millionaire. I said "yes" of course. He said that if I spent every waking moment thinking about money and how to gain more of it, that I forget about friends or social life or having fun...don't bother with women or family or holidays or anything that is not needed for the pursuit of money...then he would guarantee me that I would be a millionaire by the time I was 21.
I have no idea whether he was right or not...but I do feel that it was my choice, and yours too by the way!
2007-08-12 13:10:26
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answer #5
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answered by Anonymous
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Work 2 jobs
Live in the cheapest but clean and safe place you can find .
Study investing ( links 1/2 way down on the left)
http://finance.yahoo.com/
Then invest ! I like Schwab but there are others .
And when you have enough for 20% down for a property , do it then . . . not before where you would be wasting $$$$ on PMI & higher rates .
Keep investing and waste minimal $$$$$$$ .
Then when you pass away , your offspring will live the high life party and get arrested and go to jail !
>
2007-08-12 13:16:49
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answer #6
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answered by kate 7
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--NOTE: After previewing, I see I worked up a sizable post here. It's an important question that more people should ask. There's a lot to be said about it. Although this question doesn't even truly begin to answer it, it does point you toward finding the answers. If any of you do have a spare moment and want to know about being rich, please read my answer. Thank you.--
--NOTE: Anyone interested in exploring this subject in depth or sharing views on it, feel free to e-mail me.--
First of all, I hate to reject people's ideas and call them wrong, but I can't be quiet about this one. There is no job that will make you ridiculously rich. That's not how it's done. Bill Gates makes some $500,000 a year (don't quote me on that. that number is from some years ago). At that rate, it would have taken him 2000 years to make $1 billion, yet he has multiple billions of dollars. How old would he have to be? That's clearly not how Mr. Richest Man became such.
When you work, you get taxed before you even touch the money. The more you make, the more you get taxed. If you factor in Social Security, Medicare, etc. you end up getting toward 50% of your "income" withheld.
When you work, you're selling your time (hours) for money. No matter how many years you go to school, you'll always have 24 hours per day and 365(.25) days per year. If you're depending on selling your hours to get rich, when are you ever going to enjoy the money?
It's not how much money you make. It's all about what you do with the money. Donald Trump made billions of dollars, lost billions of dollars, and made them back. If he went broke today, I'm positive he'd find a way to get right back up. It's because he can take an amount of money and turn it into more, then turn that into more.
There's a story: If you gave 100 people $10,000 each then checked on them a year later you'd get some interesting results. Some 90 of them would not have a thousand dollars left. They'd have "stuff." Maybe nine of them would have $10,000 to $20,000. One of them would have a million or more.
Hopefully I have your attention by now so that I can tell you what to do to do this with money. Not! There is no "what." There is a how and a why. Start with the why. Why do you want to be so rich? If you were that rich, what could you do with it? How would you feel with that money? Making that much money is simple, but it's not easy. You have to change how you think and take action. It takes time. If you don't have beautiful, inspiring dreams--a strong "why"--you will not have the motivation to persevere. Only you know why you can and will become ridiculously rich.
As for the "how," it's not simply how to be rich. It's how to think. There are lots and lots of people who see money the way you probably do. Well, like you, they probably have very much money to see that way. You have to change how you view money. Robert Kiyosaki's book Rich Dad, Poor Dad is the first I suggest for anyone interested in becoming rich. It will help you learn how to see money differently. Once you see money differently, you can use money differently. Once you use money differently, you can have money differently ... in great amounts.
Don't try to get rich quickly. Building up wealth takes time. It doesn't have to be a long time, but there are steps to take. Your #1 priority should be to educate yourself to the fullest extent about money. Absorb all the knowledge you can. Accounting, economics, business administration, real estate, stock, taxes, Web businesses, network marketing, banking, passive income of all types, intellectual property. You will never run out of things to learn. Please start with the fundamentals taught in Rich Dad, Poor Dad first, though.
It's true that many of today's rich inherited their money. That's because their parents knew how to manage money. That money has been in the family for generations because they know that's where wealth comes from, not paychecks. They know not to let money just slip away on a monthly basis. You'll begin to understand that concept. You'll need to embrace it.
Think big. If you restrict your imagination, then you restrict your expectations. If you restrict your expectations, you restrict your perception. If you restrict your perception, then you restrict your reality. You can become rich. How rich? Maybe you won't rise to the top 10 wealthiest--although your great grandchildren might if you pass down the understanding of money along with the money itself--but you'll have enough money to do what you want when you want and still have some left over for charitable causes. You decide how rich you'll be, then find a way to become that.
Make a decision today. Are you going to become ridiculously rich or not? You either are or you aren't, and if you can't know for sure today then the answer is no. Make a commitment to this that you can never take back. It will take time, energy, thought, and persistence. Decide today whether or not you are willing to pay the price. If you're going to quit, quit before you've wasted your time. The further in you go the more reason you have to not back out.
Another great read is Napoleon Hill's Think and Grow Rich. It, too, will help you learn to think differently. Read it multiple times. If you start to have doubt, read it again. Don't stop with these two books, though. Browse your local library's collection in the financial section. Search the Internet for information. Devote yourself entirely to this cause (but of course maintain balance in your life. I just mean take it to the point where it's automatic and just a part of you) despite the magnitude of the sacrifices you have to make. When you have millions of dollars and look back, do you really think you'll regret spending some time studying and learning?
Now you asked us to answer your question seriously. In return, I ask you to take my answer seriously and seriously put it to use. If you can't read a couple books for this purpose, I suppose being rich just isn't worth it to you. Being rich isn't for everybody. I hope it is for you, and I hope you become ridiculously rich. Good luck.
2007-08-12 13:54:24
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answer #7
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answered by Derek Houston 2
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Be born into money or go to school for a LONG time and make GREAT grades. You will probably have to become a very specialised doctor or an attorney. If you go for law, you will have to be tops in your class to ever hope for being insanely rich. Most lawyers don't make as much as you'd think.
Invent something or start a business.
Marrying into money is probably your best bet.
2007-08-12 13:06:50
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answer #8
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answered by Anonymous
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I honestly believe this is where you should start. There is so much potential investing or selling this. www.demofreedomrocks.com You can earn up to 25k a week and since it just started its possible. This company is growing 40% a month by word of mouth. Email me.
2007-08-12 15:41:04
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answer #9
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answered by Anonymous
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Find something you really enjoy doing, train for it and be really really good at it. Then everyone will want your services, and you can charge what you like ........ and you'll need to save most, not just spend it as fast as it comes in.
Or you could try the lottery, marry a millionaire, invent something we all need and patent it ......
2007-08-12 13:59:30
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answer #10
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answered by bluebell 7
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