How do I get rich?

Question

I'm 26 years old. I want to be rich by the time I'm 50 or so. Where do I start?

Answer 1

There are two rules to accumulate wealth.

1. Spend less than you earn
2. Save and invest the difference

Other, very good ideas
1. Always collect interest, never pay it. Only borrow money to purchase appreciating assets.
2. Save between 10% and 33% of your income
3. Do something you really enjoy

Answer 2

You can trade stocks from home and get rich fast even if you have little experience. Check out this site to learn about good stocks to invest in and make good money. Just follow their stock pick weekly and make money. Their stocks are always spot on because they have developed the world's first commercial trading robot to select them.

http://doublingstocks.irio.net

Their result this year is more than 100% returns per trade:

1. CLEAN POWER TECHNOLG (CPWE.OB) $0.71(February 2007) $1.88(February 2007) +164%

2. Optionable Inc. (OPBL.OB) $8.89 (February 2007) $5.02 (March 2007) -43%

3. Regal One Corp. (RONE.OB) $0.07 (March 2007) $0.19 (March 2007) +171%

4. Transbotics Corp. (TNSB.OB) $0.47(March 2007) $0.68(April 2007) +44%

5. PAETEC Holding Corp. (PAET) $9.80 (March 2007) $19.25 (March 2007) +96%

6. BioStem Inc. (BTEM.OB) $0.46 (March 2007) $2.34 (March 2007) +408%

7. Bravo! Foods International Corp. (BRVO.OB) $0.15(April 2007) $0.28(April 2007) +86%

I was skeptical at first but still join due to the 8 weeks money back guarantee. I make money with their first stock pick - Andros Isle Development (AVPJ.PK) 3 weeks ago. The stock was trading at $0.13 on 3rd September and exploded to over $1 the next day as predicted by their stock guru! I invested $1000 and make $5000 in pure profits within a day! My only regret was not to invest more in the stock.

Answer 3

Buy only what you need and not what you want. Since you are young, invest in safe bonds, no risky get rich quick schemes. By the time you are 50 you will have a great nest-egg to enable you to enjoy life. But don't forget to stop and smell the roses. Try the need only for a year, you will be shocked at how much you will have.

Answer 4

Hi there, the answer I am going to give you, you will properly not like.

Here we go ....... The answer is WORK. There is no instant millionaires or instant rich people. You will get out of life what you put in. If you put in nothing that is what you will get.

Work hard! and you will reap the reward for your hard work.


Most everything worth having has to be worked for and so it is with wisdom. We don’t gain knowledge and understanding by sitting idle. Solomon understood the value of hard work and made it a major theme of the Proverbs.


· “He that gathered in summer is a wise son: but he that sleep in harvest is a son that causes shame.” (Proverbs 10:5)

· “Go to the ant, thou sluggard; consider her ways, and be wise:” (Proverbs 6:6)

You must also remember that Solomon could have chosen to be rich but instead he chose Wisdom. If you have wisdom then you will be rich.

So, Work hard and ask God for wisdom and He will give you wisdom.

Some people have al the riches in the world but they are sickly and their riches are not able to help them

Take care

Answer 5

I know a lot of people have gotten rich off ebay, try opening an ebay store. Or try this site: http://urlkiss.com/1z it can make you good money and it is easy to do. There are no fees and it pays out every Friday. It is one of the few work at home websites that has made me good money consistently. Or try one of these other good work from home websites on this site: http://urlkiss.com/6h

Answer 6

Please start saving..proven..be frugal..yes..when you have all the liquid cash in your banks ..yes u can indulge once in a while..does not mean live like a scrooge.I am a firm believer 3 things you should do to get rich
#1 save
#2 save
#3 save.

All the best...

Answer 7

Save, save, save. Put your money into stocks or aggressive mutual funds. Put more money into stocks and mutual funds. Let is compound for 25 years and you'll be good to go. If you can save over $10,000 a year you should be good to go.

Answer 8

Save your money. Get a job. Work hard. There are no easy answers.

Answer 9

Simple. just ask 1 million different people each for 1 dollar.

Answer 10

Become a politician and only do whats good for business and save all your kick backs.Or become a preacher and have your own TV show.