i am 13 wanting to know how to become a welthy person before my mid 30's remember 10 points best answer!!!!!!
2007-12-02 11:48:06 · 6 answers · asked by COBRA~KR~ 2 in Business & Finance ➔ Personal Finance
start by saving at least half or more of your allowance, this will determine your willingness or dedication to achieve your goal. then start earning money by mowing lawn or picking up bottles/cans/plastic to sell on recycle.once your money reach $500 you open a trading account (like scottrade) then start buying stocks (buy stocks that pay dividend). and every time you have save money keep on buying more stock.
If you have enough money on your stock account to put a down payment for rental properties, start buying rental properties. this will give you real money that you will use to buy more rental properties. but don't forget you need to keep on investing on stocks.
You have time on your side to become wealthy and start reading yahoo finance or msn money. it needs a lot of learning and courage to be succesfull.
2007-12-02 16:08:22 · answer #1 · answered by oragon_man2 2 · 0⤊ 1⤋
What's "welthy"? If you mean wealthy, be a sports star, rock star, movie star, lottery winner which, by the way, your odds are better of being eaten by a shark in your bathtub.
Otherwise you can be like the rest of the world and get top grades in school, get a scholarship to college and go on to get an MBA. Get a job on Wall Street & be smart with investments.
2007-12-02 21:13:41 · answer #2 · answered by john p 3 · 0⤊ 1⤋
Almost nothing in school will teach you how to become rich. Amazingly enough there is a resource available to you for free that will put you on the path to wealth...the local library. Start reading books on financial management and investing. Make a goal to read 100 books on those topics before you turn 18. If you decide to become rich, you can. School is important for your education, but, they will not teach you how to get rich. Start with a book called: Rich Dad Poor Dad.
2007-12-02 21:32:33 · answer #3 · answered by Clown 3 · 0⤊ 0⤋
Warren Buffett bought his first stock when he was eleven (11) years old.
Buy 'value stock' and hold onto them. The 'Buy and Hold' method. Warren Buffett said that if you're not going to hold onto a stock for at least ten years then don't bother buying any.
So you want to valorize your capital on the stock market.
2007-12-02 19:56:53 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Education, An independent and positive outlook on life, Risk taker and be willing to spend some money to make money.
2007-12-02 19:58:19 · answer #5 · answered by Bob Dylawn 3 · 0⤊ 1⤋
Get a good education so you can get a good job.
Spend less than you have, and invest the rest.
2007-12-02 19:52:16 · answer #6 · answered by Judy 7 · 0⤊ 1⤋