invest! start with a small money market account. that is how most of today's billionaires became rich. you have the time for money to grow at your age.
2007-10-15 02:56:57
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answer #1
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answered by jewls011 3
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Why do you want to be rich?
First off, check your motives, if they are pure then I'm sure you will succeed in anything that you pursue!
Money isnt everything. As you get older you'll see more and more value in the non-monetary things. Not having money builds most peoples character better than anything.
Since your pretty smart and only 15 you'll possibly find a good way to get what you want, but remember the people in your path to success. If you LOVE to play the guitar then you'll probably have a decent chance in the competitive world of music. Think outside the box and listen to Brian.
Aside from all that, if you find the secret, please let me know!!! Hehe
2007-10-15 09:19:16
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answer #2
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answered by RaeAmber 1
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Did you ever play Monopoly? As well as being a game it is also a very real working model of business investment. If you try it you will find 100% of the time that the player who borrows to invest and buys most property wins, always.
The players who hold their cash always lose because they end up being consumers and suppliers always get richer than consumers.
Don't misunderstand me, there is a world of difference between that and borrowing to buy something you want, like a holiday or a car. Borrowing to invest is exactly how you make money.
Simply put, if you borrow at 10%, sell at 20% profit, you make 10% out of the banks money.
No matter how hard you work as an employee you are unlikely to get rich. Saving is good but investment is what pays. Find something to buy and sell and use someone elses money (the banks) to finance it.
2007-10-15 09:19:42
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answer #3
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answered by Anonymous
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While Kevin's advice is good, I think you cannot knock saving regularly and investing your money so that your interest compounds. Especially by starting so young, you will eventually end up with a bundle.
I know at your age that 20 years from now seems like an eon, but believe me, it comes before you know it.
Always pay yourself first. No matter what money comes into your hands as a gift or a paycheck, always take 10% and put it into savings. If you do this habitually, you will be rich, and it will seem effortless.
2007-10-15 12:06:42
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answer #4
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answered by Theresa 6
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Stay in school don't push your luck. Plan on having a good career and realize money is not the most important thing.
Do you think musicians became rich because they wanted to become rich? No! They became rich because they were good at music. If you want to become rich because you want to become rich then go into business or finance.
Now if you actually enjoy music , it wouldn't hurt to start a band and see how far you can get, but if your 40 and still think you can make it...give up and use your college degree to get yourself a good job.
2007-10-15 09:12:52
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answer #5
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answered by Brian 4
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Choose to be the best husband possible.
Read "The Richest Man in Babylon" by George S.
Clayson...and follow its teachings.
You need do little else, really, unless you want the only true wealth, which is Eternal Life. That's retirement for the wise. Perhaps you might want to get a piece of that action.
See, you'll enjoy 20 to 30 years of golf (yawn) and ease with dollars, if you're really focused.
But if you're into far loftier aspirations, like fulfillment...then cultivate courageous leadership, reliable fatherhood, true intimacy, elegant friendships and passion for being like our Savior.
The returns can't be calculated for any person who does their personal best to serve, bless and inspire, quietly.
Health is my greatest wealth so far, and my friends and neighbors would gladly exchange it from me, for all their savings. They're trying to restore theirs monthly now, but it takes walking, not Doctors.
I have a private copy of an unpublished treatise by Harold Blackmore of Littlefield, Arizona. It's called "The Keys to Honest Wealth."
Email me for a copy. It ought to be published. Millions would greatly benefit by it.
I wish you more than mere riches. Discover what Perot and Dilenberger have. Then you'll reach your zenith. Once you soar, remember that the world's greatest heroes are unknown. (Go hug your precious mother).
You'll find their gold in Vital Speeches, and through any superior Library with a vast database.
Finally, learn why we were given knees.
.
2007-10-15 09:24:39
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answer #6
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answered by AlmondJoey 2
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1) Don't let anyone tell you to "Go to college, get a 'good' job, and save for 40 years" as a formula for success. (Unless of course, those are the goals you set for yourself. )
2) Read the following books.
-Rich Dad / Poor Dad
-The 4-Hour Workweek
-Think and Grow Rich
3) Start small, dream big - As you read through these books you'll start developing your own business ideas - write them down. Whatever you feel driven towards most, start moving in that direction.
If that means starting a band, start a band. If it means having a website devoted to teaching people to play guitar, register your own domain and start writing.
Whatever you choose to do, take action.
If you read through those books and want the rest of my recommendations, or just need some extra guidance, email me any time.
Best,
Kevin
2007-10-15 09:29:52
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answer #7
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answered by Kevin G. 2
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You have the advantage of playing the guitar, while you shoud do it better. some of the people at millionairematch become rich bcoz they do their best all the same.
2007-10-19 04:18:57
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answer #8
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answered by Geogia Q 3
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get a part time job and sock away as much as you can with a good investment broker in a long term growth fund.
you will be amazed if you can just put away $2500 what you will have when you turn 40!
2007-10-15 09:30:44
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answer #9
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answered by Doodles 7
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wow thats the spirit! thats the super goal!
here, i can share with you an ebook that will play a significant role (maybe not yet now) in your financial world...its a useful resource, just take it as a gift from me...
go go go rich kid! all d best!
2007-10-15 09:56:55
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answer #10
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answered by Anonymous
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