whats an easy way to get rich?

Answer 1

Marry a 96 year old millionaire?

Answer 2

The method that will require the least amount of work is winning the lottery. The other method is to marry rich. Both of these methods are extremely risky and will take a lot of luck. Hope is not a good strategy.

All other wealthy people do it via saving and investing or becoming an entreprenuer. College is the least risky method but will require a lot of work.

Focus on school, complete your education and save as much as possible. That way when the right idea comes along, you'll have the knowledge to notice it and the money to take financial advantage.

Good Luck!!

Answer 3

If it were easy to get rich everbody would do it and nobody would be considered rich. Find a job or start a business you like and are good at. Work hard at it (this is not easy). Save and invest wisely. And have lots of friends (being rich is not just about having lots of money). And then one day you will be rich. Maybe even sooner than you believe.

Answer 4

If the book "The Millionaire Next Door" is to be believed, the most important factor in becoming a millionaire is living cheaply. Most millionaires only earn slightly more than average income, but they are extreme cheapskates.

No one can tell you how to get rich quick. "Rich" is a relative term, meaning if there were something everyone knew how to do, everyone would do it, and thus it wouldn't make anyone "rich."

My advice:

1. "Pay yourself first." Keep at least 10% of your income as savings. DO NOT TOUCH THIS MONEY. It's the cornerstone of your budget. Keep at least 3 months of emergency savings in a high-yield certificate of deposit. Once you've done that, start putting money in a 401(k) or an IRA (talk to someone at your bank about it). Once those are maxed out for the year, start putting money in stable places, like mutual funds, bonds, or stable commodities. Only after you've done this should you even consider the stock market. Only invest in the stock market what you can afford to lose.

2. Before you get too far into investing, pay off your debts. 15% of your income must go to debt: credit cards, student loans, etc. Also, consider credit card hopping: transfer your debt over to a card with a 0% introductory rate, then transfer it again when the rate ends, and so on. When it's paid off, never own a credit card again (except maybe American Express). Use debit cards instead.

3. Buy a car, don't lease one. And don't spend more than 15% of your income on your transportation. This means your car note, gasoline, insurance, maintenance, and your car emergency fund should together be no more than 15% of your income. Pick cars for their safety rating and fuel efficiency to keep insurance and gas costs down.

4. Save up to buy a home instead of renting. Renters' net worth averages under $5,000, while homeowners' net worth averages over $150,000. 35% of your income should go toward your housing: if your rent is less than this, save up the remainder of the money to buy a house. You should also consider spending some of this on renter's insurance.

5. If you're keeping track of the percentages, that leaves 25% of your income on everything else: food, utilities, medical, personal, and recreational expenses. This is where the penny-pinching comes in: better learn to eat most meals at home, get the cheap cellphone rate, buy second-hand clothes, sell stuff you're not using (and credit yourself in your budget when you do), shop on ebay, travel when tickets are cheap instead of when you feel like it, and stay home on the weekends when you've surpassed your 25% for the month.

6. Be self-employed or start your own business instead of working for someone else. Most millionaires are self-employed.

7. If you do work for someone, go for a 20% raise per year. Seem like too much? You should be working smart and hard enough to earn it, and you have to have the balls to ask for it.

Answer 5

Hmmm, well I'd have to stay to start by getting off of your computer and into a job. In the time I've been on Yahoo Answers I haven't made a dime. After that, hmmmm, I just don't know. If I did, I'd be rich already.

Answer 6

Get a cheap product and market the heck out of it... Then take most of the money from the sales of the product and by more products, sell them too. Do this in a continual cycle whilst always siphoning off 15% for profit. NEVER touch the profit. Then get a good tax man/woman so you can "LIMIT YOUR TAX LIABILITY"....

Answer 7

Rob a bank, win the lottery. Invent something tremendous. Other than that, there is no easy way. Work hard, save, make smart investments and seek professional advice.

Answer 8

win the lottery! jk a more realistic way is to invest and save. thatz how my daddy became a millionaire