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2007-10-24 09:08:18 · 13 answers · asked by lbe4life 1 in Business & Finance Personal Finance

13 answers

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!

2007-10-24 09:11:02 · answer #1 · answered by Anonymous · 2 0

There are a lot of ways to get rich. But the condition is the chance and luck. Such as buying the lottery, now many people are addict into it. They just want to became rich though it. I think now many businesses can earn a lot of money. But in those fields you must pay a lot o f energy and time. Many rich men at milionairematch dot com have such experiences. they successed by their intelligence.

2007-10-27 09:35:02 · answer #2 · answered by Anonymous · 0 0

First read, "Rich dad, poor dad" by Robert T. Kiyosaki. It will really enlighten your view and give you some ideas. Then do the workbook, "What Color Is Your Parachute? Workbook by Richard Nelson Bolles.

It is about understanding what your own propensities, special skills and abilities and future plans can and should be. Also, if you have a rich uncle who dies and leaves it all to you...that works!

2007-10-24 16:16:06 · answer #3 · answered by Jeannie Welsch 7 · 0 0

Common avenues:

1) Start your own business (most millionares own their own business)
2) Get a good job or a good education to lead to a good job. Then save alot of your money, and invest it wisely over a long period of time.
3) Marry someone with a great deal of family money, or a successfull business.
4) Win the lottery (very unlikely).

Good luck.

2007-10-24 16:11:38 · answer #4 · answered by Anonymous · 2 0

Some inherit it.

Some win the lottery:
http://www.silverlotto.com/?hop=kapya

Some ppl invest in real estate. This one is really good. Donald Trump made his fortune this way, and so did countless of other Americans.
http://www.massiveforeclosureprofits.com/home.html?hop=kapya

Some ppl start internet businesses (like I have).
http://www.affiliatejackpot.com/index1.htm?hop=kapya

2007-10-24 16:28:37 · answer #5 · answered by Anonymous · 0 0

you could try to get on the show
"who wants to be a millionaire"

2007-10-24 16:12:25 · answer #6 · answered by omex 4 · 1 1

Save 100,000,000 pennies!

2007-10-24 16:12:22 · answer #7 · answered by Anonymous · 1 0

Get a million dollars.

2007-10-24 16:27:32 · answer #8 · answered by dashapin 2 · 0 0

Join a corporation. Prey on the weak, the desperate, and the gullible.

2007-10-24 16:11:24 · answer #9 · answered by Underground Man 6 · 0 2

got on the show who wants to be a milllionaire

2007-10-24 16:12:33 · answer #10 · answered by Gizzer 2 · 1 1

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