2007-10-15 12:02:28 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
A good way to make alot of money and be successful is to put other people, things, money, investments etc to work for you. This is how people truly become rich and successful. You can only do so much by yourself but when you compound your efforts, you see incredible effects.
Let me give you some examples
Putting people to work for you - Why do employees get paid money. Good owners won't pay employees unless the employees are bringing more value and income into the business than what they are being paid. This is only logical but still very powerful. Good business owners make alot of money because they have alot of employees making more money than what they are costing the owner.
Putting other things and objects to work for you - When you create something that can work for you and make you money, you make far more than what you can earn by yourself. For instance, when a singer writes a song or an a writer writes a book, or an inventor invents something they are hoping that many people will use it or listen to it or buy it. Each person pays a little which adds up to alot for the person who originated it. This is why patents and copyrights are so important in that they provide this incentive.
Putting money and investments to work for you - The ultimate way to become rich even on a modest income is to put away money each and every month that will eventually make you a ton of money. This is the beauty of compounding interest. Once the money that you save makes you more every year than your day job, you are truly doing well.
None of these is necessarily easy. If they were everyone would be rich. However, if you start now and become dedicated and goal oriented, you will be successful and rich one day. The first step is to simply decide that you will be successful.
Hope this helps and good luck!
2007-10-15 17:13:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
YOU can make you rich. No one else can even if they want to. The average multi-million dollar lottery winner is BANKRUPT within 5 years. People that never earned $30,000 a year have been know to shock neighbors by leaving MILLIONS to charity when they die. If you manage money well, ANY income can make you rich. If you don't, all the money in the world won't
2007-10-15 19:35:36 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
I'd recommend you start a unique small business such as fast food and work your tail off until you can franchise the idea to others. Either that or become a stock broker. Good luck!
2007-10-15 19:10:40 · answer #3 · answered by Constitutional Watchdog 7 · 0⤊ 0⤋
Consider working for a venture capitalist or hedge fund. They make loads. If you learn the trade well, you can eventually join in and start making the big bucks yourself.
2007-10-15 19:16:11 · answer #4 · answered by teresathegreat 7 · 1⤊ 0⤋
1) Yes.
2) You should be at the Golf Course and let me do the hard work for you. (I am a Portfolio Manager)
2007-10-15 19:51:22 · answer #5 · answered by Anonymous · 0⤊ 2⤋
I can be your pimp! lol
2007-10-15 19:11:05 · answer #6 · answered by Nola 3 · 0⤊ 3⤋