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Showing posts with label rich. Show all posts
Showing posts with label rich. Show all posts

Sunday, 28 February 2010

How to One Day Be Rich

Ever driven a sports car? Well, if you have, then you'll know that money can buy happiness. Today in this modern world, it's everyone's dream to become rich, but it won't happen instantly. So the best thing to do would be to start thinking about how you're going to get rich now.

Steps:

1. Start saving! If you save $5 a week then in a year you will have $260 saved up, which you can use later to help you become more wealthy.

2. Get a good education! Would Bill Gates of invented Microsoft if he didn't have a good education? Well, the short answer is no. Getting a good high school and college education is one of the most important things you'll need to one day become rich.

3. Learn about investing! If you start learning about investments when your 11 or 12, then by the time you're 18 you'll know how everything works, And you can then start investing

4. Invest! Once you have learned how to invest, you'll be good to go. Start investing little amounts of money as young as possible. For example, invest $100 in KFC when you are 18, and by the time you are 28, that $100 might be worth $1000!

Tips:

- Ask for help from people who know about investing or have invested before. But don't believe everything that someone who will make money off you tells you, they will probably just be bluffing.

- You can get cheap investments in things when the markets are down, because people will want to sell their shares in case they lose all of their money, when most likely, the market will get even better than it was before in a couple of months.

- Don't forget the people who helped you become rich, as you may one day need them. Buy gifts for these people and stay in contact with them.

- Don't let boyfriends/girlfriends get in the way of you becoming rich. If you need to sit by yourself every recess and lunch for your high school life studying, then so be it. Just remember that high school's only for 5 or 6 years, and being rich is for a lifetime. Mutual funds are safer and cost as much as some stocks. A mutual fund is share in a lot of companies.

Warnings:

- Don't invest alot of money in things you don't know much about, as you are likely to loose your money.

- Don't invest too much money in one thing, spread your stocks out between different industries, so even if you loose all your invested stocks in one market, you'll still be making money from all of your other markets.

Source: wikihow.com

Friday, 26 February 2010

The Easiest Way to Get Rich

Step 1: Get a well-paid job
This is a reasonable amount of work, and takes a few years, but it's a virtually guaranteed way to make a good income. If they're willing to put in the work, almost any intelligent person can get a job paying $100,000 or more within the space of a few years. While it's not easy, it is by far the easiest and most likely way to secure a good income. In fact, I've already written an entire article on how to get a job paying more than $100,000 a year for those who wish to pursue this avenue.

Step 2: Get good tax advice
However you make your money, your number one expense is likely to be funding the government. In most developed countries, the average worker pays around 30% of everything they earn straight into the taxman's pocket. If you've taken my job advice, you'll most likely pay even more than that.

While taxation is necessary to fund the good things governments provide, you don't do yourself any favors by paying more than your fair share. If you're serious about building wealth, get a good accountant who understands how to legally minimize your tax bill.

Step 3: Save 20% of everything you ever earn
As soon as you get paid, arrange to have 20% of your income removed into a savings account. Many banks can do this automatically for you. Keep your savings account separate from your spending account, and you'll barely miss this money.

There's a saying in economics "expenses rise to meet income". This means money that's easily available to you is certain to be spent. That's why most people's paychecks disappear before their next payday. They get used to having a certain amount to spend, and habitually run down their bank account. 

Have your savings moved somewhere it's a hassle to get them out of to avoid this risk. Many high interest accounts require you to give them a few days notice, which is ideal for this purpose.

Step 4: Conservatively invest the funds that build up in your savings account
Once a month, go into your savings account and divide the money by investing it into the three core conservative assets: shares, property and cash. Open a mutual fund account for shares, a property fund for property, and a money market fund for cash. Look for share and property funds that invest in a broad range of assets and most importantly charge very low fees. An index fund is ideal for the shares. An index of property funds is ideal for property.

Put an equal amount into each account. This will diversify you against risk in any one particular asset. If you're younger, this rule is a little bit flexible, allowing you to take a little more risk and put more into shares and property if you like.

Step 5: Reinvest any income you get from your assets straight back into buying more assets
Mutual funds and property funds pay dividends. Money market accounts pay interest. Don't take this income into your spending account. Instead, select the option to have it reinvested into the fund that generated it.

Step 6: Never touch these funds and do your best to ignore them
The business press, like the mainstream press, loves a crisis. "Shares to skyrocket" or "Property to plummet" headlines will sell many more copies than "Things to continue steadily". All markets go up and down. Every day, some speculation will be published about some crisis or opportunity. 

Ignore it all.

Just keep putting the 20% into your assets. Sometimes they'll go up and sometimes they'll go down in value. But over the long term, they'll almost certainly go up.

Step 7: Wait a decade
Do what I've outlined above and in a decade you'll be rich. Sure, you won't be Bill Gates, but you'll almost certainly be in the top 20% of wealth holders. Wait another decade and you'll be in the top 5% or higher. 

That's the plan. It's not the most exciting or glamourous way to build wealth, but it's the easiest. Quite simply, this is how most rich people got there.

You too can join them, if you follow it.

Source: www.paulstips.com

Sunday, 6 September 2009

Tips to become RICH

No matter which life stage you are in, you have a future ahead of you and you should not leave it to chance- you must plan for it. So what are your financial goals? 

Here's a tip: "making a lot of money fast" is not necessarily a reasonable goal. Look ahead and think of when would you incur major expenditures. 

When you think of your goals, you should think about your hopes and dreams, for yourself and your family. What do you hope to achieve in life? Possibly buy a home and send your children to college? 

Or maybe you'd like to retire early and travel the world? And now compare the future dream with the current reality. Here are a few tips for planning for a secure future:

1. What you earn, what you spend

The first part of allocating your investments is to figure out what's there to allocate. You need to estimate both your net worth and your net income/expenses. Your net worth, what accountants call a balance sheet, compares your assets (what you own) with your liabilities (what you owe). 

This will help you see your monthly disposable income -- the income you have left over after paying all necessary expenses. And that tells you how much you can afford to contribute to your financial goals each month. 

2. Set your goals

Financial professionals often counsel investors to write down their goals. Their intention is not to make you ponder the meaning of life, but to help you create the best plan to reach those goals along the way.  

There's another benefit that comes from identifying your goals. Saving and investing just for the sake of getting rich might work for some people. 

But for most others, though, giving up Rs.5000 every month can put a strain on their wallets - until they look at a photo of their children and remember that the Rs.5000 they're investing now will go toward helping pay their kids' higher education fees later. 

3. Budget for it

After you identify your goals and how much you need to reach them, you should begin setting aside money on a regular basis to invest in your plan. Saving on a regular basis is the key to reaching your goals; no matter how little the amount you start out investing. 

Don't be discouraged if your goal seems large and unreachable - remember that even a leaky faucet can fill your sink with water, drop by drop. Making investments on a regular basis, even if you can only set aside a small amount each month, can eventually build a sizable portfolio.

Many people think that they can't spare any cash to start an investing plan. These people probably have not learned the importance of paying yourself first. Setting aside a small amount for your long-term investing plan each week or each month before you pay any other bills or expenses is all you have to do.

4. Spread your money

It's rarely a good idea to have all your eggs in one basket. Depending on your goals and attitude to risk, you should invest your money over different investment options such as Stocks, Mutual Funds and Bonds. 

You may also want to diversify within each of these categories. With stocks, for example, a mutual fund will invest your money in a variety of companies but you may want to ensure you have a range of industry sectors too.

5. Make sure your money grows

Should you leave it in the savings bank account and earn a meager rate of return? Or should you invest it in the PPF? The fact is that investing your money in the so-called safe fixed income instruments like Fixed Deposits, PPF, NSC, etc. is simply not enough. 

This is due to the low rate of return on such instruments and high inflation rate in the economy. It is your hard earned money and you should invest it in instruments, which will make it grow over time and thereby build capital for your future.

Stocks is known world over for its potential to increase in value over time and provide your portfolio with the growth required to help you meet your long-term goals. Mutual Funds have given investors a whole new avenue for investment as per your risk appetite and expected returns. 

6. Keep track of your track record

After you invest, you'll want to keep track of how your investments do. This doesn't mean you need to watch your returns on a daily basis (doing that can be like weighing yourself every day when you're trying to lose weight -- it won't help you judge long-term results, and you can drive yourself crazy doing it).

Instead, establish a regular timeframe for checking your investments to see if they are matching or beating your goals. For example, you may decide to review your returns investments once every three months, or twice a year.

While benchmarks aren't the only way to judge the strength of your investments, these tools can help you gauge how your investments are doing compared to similar investments. You may use the following benchmarks:

Market indices -- such as Sensex, Nifty. This will help you compare your performance with the overall returns of the market

Mutual fund benchmarks -- AMFI (Association of Mutual fund in India) has certain benchmarks for various categories of mutual funds.

Personal benchmarks -- you can set an overall goal -- for example, for your investments to outpace inflation by 5 percent over a period of five years -- and use it as a benchmark.

Be sure to set a reasonable timeline over which to compare your investments to a benchmark. You want to know how your investments perform through market ups and downs, so a longer timeline is more telling than a shorter one. For example, a five-year comparison will tell you more than a six-month comparison.

If you find one of your investments under-performs over the short term (for example, under-performed its benchmark over the last three months), don't be hasty to sell it earlier than you planned unless you've lost confidence in its long-term potential.

7. Don't lose your balance

You've established a portfolio with an asset allocation that suits you, and are reviewing your investments' performance on a regular basis. Think your work is done? Not quite.

You should still sit down periodically -- such as once a year -- to review your goals, finances and asset allocation. After all, goals can change. Time and circumstances can shift your priorities and your comfort with risk, changing your ideal asset allocation. When this happens, you may need to make changes to your portfolio.

Even if your ideal asset allocation hasn't changed, review your portfolio to make sure your existing asset allocation is still what you planned. Sometimes your asset allocation will change through no action on your part due to market movements. When this happens, your portfolio is out of balance -- which can expose you to more risk than you intended. 

How can you fix it? You might sell investments in one asset class or buy extra shares of investments in another class.

When should you be on the lookout? If you're like most people, once or twice a year is probably often enough to see if the asset allocation in your portfolio is still what you'd planned.

But be sure to also check when you go through a major life change, such as getting married, having children, changing jobs or retiring. When you go through a big change, examine both your existing and your planned allocation to make sure both are right for your new lifestyle and risk tolerance.

Just keep these seven steps in mind and you should be able to achieve all your goals. Happy saving!
(Source: www.rediff.com)

Sunday, 30 August 2009

How To Become Rich - 3 Easy Tips That Will Teach You Exactly How To Become Rich

If you want to learn how to become rich congratulate yourself because you've came to the right place. Not only is this article going to show you exactly how to become rich but you're also going to learn how to do it from the comfort of your own home.

Before I start though, let me ask you how serious are you about making money, how serious are you about becoming rich?

You see, most people aren't most people will say someday I'll do this or someday I'm going to be rich but to be completely honest with you someday never happens, if you're one of those people you're going to have to make some changes.

The first step you need to take in order to become rich is to DECIDE right now that you really want to be rich.

The second thing you should know is that you're never going to get rich working for someone else. You're never going to learn how to become rich trading your time for money making other people rich.

Here's a scary but true fact for you...

Did you know that 98% of people retire dead or dead broke by age 65 and only 2% of people retire wealthy?

Do you know what the 98% are doing?

They're doing the same thing you and I were taught growing up, the same thing you're most likely doing right now working a j.o.b. (just over broke). Do you remember being told in order to be successful in life you must go to school, get a degree, get yourself a good job, and spend the next 40 years of your live slaving away to the rat race?

We were all sold this lie and were taught to believe it was "The American Dream" but you and I both know that it's actually "The American Nightmare" because it's scary.

So if you want to learn how to become rich, happy, and successful and you don't want to end up being broke, depressed, and miserable you'll want to pay close attention to what I'm about to say.

START YOUR OWN HOME BASED BUSINESS!

That's right the wealthy people, the 2% are working for themselves! They are creating fortunes from home, working when they want, traveling wherever they want, and spending more time than you could dream of with their families and friends.

They have the nicest cars, the nicest homes, and are extremely happy because they no longer have to worry about money.

Just picture yourself waking up each morning to a few extra thousand dollars in your bank account? Imagine being able to travel anywhere you want in the world and actually get paid for it, imagine having all the free time and money in the world to do the things you want instead of the things you don't...

In closing, if you really want to learn how to become rich find someone who is already rich, find someone how already owns their own business who can teach you how to do the same. Good luck on your quest to become rich, I know you can do it!
(Source: ezinearticles.com)

Thursday, 27 August 2009

Who says you can't be rich?

It is an understatement to say that most of us strive to be financially independent. I'm no different. I dream of the day when I can say I'm working only because I feel like it and not because I have to. But we all know daydreaming won't help us to achieve our financial goals.

To a large extent, our attitudes and perceptions determine how we respond to and deal with issues. Suffice to say, a good attitude and a set of positive self-beliefs are prerequisites for any successful pursuit.


It is no different when it comes to wealth accumulation and money management. For instance, without the belief that we should take charge and be responsible for our own financial well-being, we will procrastinate and achieve nothing.

In the same vein, if we believe that everything is fated, we will take the easy route and blame our destiny instead of stepping up our financial literacy and looking out for opportunities.

Almost everyone knows the importance of money, but there are many who consciously or unconsciously limit themselves on what they can achieve because of their personal beliefs.

See if you can identify your money beliefs in the eight examples here:
-Money is the root of all evil.
-Money cannot buy happiness.
-I'm married. My husband will take care of the finances.
-It is better not to be too rich. When men have surplus money, their eyes will wander. My husband will become unfaithful and leave me if we become wealthy.
-I'm a mother, so it is only right that the needs of my husband and kids come first. It's not right for me to think of my own retirement needs.
-My financial plan is my husband/kids. Someone will take care of me when I'm old.
-I'm hopeless with figures. They give me a headache.
-The filthy rich usually get rich through ruthless or dishonest means.

Which of the above beliefs, many of which are self-defeating, strike a chord with you? Bogged down by such beliefs, it is no wonder that some of us can't even make it to the starting point because the motivation to be rich is not even there.

Another unpleasant truth is that most people are too lazy to be rich. They may say they want to be rich but they don't do much about it except to hope to become rich by chance.

Don't get me wrong. There is nothing wrong with buying that lottery ticket or participating in a lucky draw. I still harbour hopes of getting a sudden inheritance from a rich, long-lost relative. But don't just stop there. Be realistic and realise that we must be prepared to put in the effort and make sacrifices.

The good news is we have the ability to choose our attitudes, behaviours and responses. This will lead to physical changes and result in us taking the right action plans to achieve our goals. A good place to start is to form positive mental pictures of who you want to be. Here are five steps to achieving financial success.

First of all, throw out any self-beliefs that stand in your way of making money. It is worth your while to take some time and explore your childhood memories of money. Doing so will help you arrive at a deeper understanding of yourself and your attitude towards money.

Second, ask yourself what you want the money for. It helps if you have an idea of what you plan to do with the money. This is because it is more meaningful if money is seen as a means to an end. Perhaps you want to enhance the lifestyles of your parents who slogged all their lives to bring you up. Or you may aspire to be a philanthropist and set up many charities and foundations to help the poor and needy. Ask yourself how you want to use the money to transform yourself and the people around you.

Third, instead of your old self-defeating money beliefs, adopt new positive beliefs such as:
-It is okay to want to be rich.
-I am worthy and deserving of prosperity and love.
-I'm a mother but it is okay to prioritise my retirement needs and look out for myself.
-If I don't look after my own financial well-being, no one else will.
-Money is a friend, not a foe.
-I can create my own financial destiny.
-I am prepared to put in the effort to be rich.

Fourth, form mental images of where you would like to be in the future. A friend, who is a human resource consultant, often uses pictures in magazines to prompt his workshop participants to talk about themselves by picking a picture that best represents their mood or emotion. Being able to visualise yourself and your goals is a powerful tool.

Last, but not least, changing your mindset is not enough, so have an action plan to help you achieve your goals. Be diligent in acquiring more financial knowledge by reading up about money management and investing. Get professional advice.

You are now all set and ready to embark on a financially rewarding journey.

(Source: www.asiaone.com)

Wednesday, 26 August 2009

Why Unmaterialistic People Should Want to Get Rich

Imagine a greedy old miser, nearing the end of his life. For years he shunned friends and family to amass a fortune, but now, in old age, he sits alone in an empty mansion, cursing himself for missing out on the truly important things in life. No one wants to end up like him. We want to enjoy the love of our family and friends. Only materialistic people with skewed priorities care about being rich. Right?

The burden of acquiring money weighs heavily on anyone without it. People don’t go to work because they like it. They go because without money their families will have nowhere to live and nothing to eat. Without money you have no clothes, no food, no shelter, no life. For money we trade the bulk of our waking hours, 5 days a week, until old age renders us incapable.

Money isn’t everything, but it comes damn close. So with all these reasons to want money, why is the drive become rich associated with greed, selfishness, and materialism?
Why Money Arouses Greed and Resentment

What is the first image ‘rich man’ brings to mind? Think Disney, think Christmas, think Scrooge. Since before we could read we’ve been fed images of greedy misers abusing the helpless and kind hearted poor. Scrooge is only one instance of this popular archetype. Scan your mind for villains and you’ll find that ‘greedy rich man’ is the finest. Nothing inspires resentment better than someone with abundance who craves more, more, MORE.

But this isn’t reality. Real villains are few and far between and as likely to be poor as rich. Money is inherently neutral. The greed that inspires evil deeds originates not in money, but in the perpetrator. Money is as good or bad as the force that wields it.

In addition to media portrayals, there are more tangible reasons that richness inspires resentment. The greatest of these is the division of classes. While some people have relationships with both rich and poor, most don’t. You have your team and you stick to it. Even though most rich people are good folks, some are downright horrible. These spoiled brats (No one cares who your daddy is, and you’re making him look like a fool) create the resentment that spreads to all richness. The relationship between rich and poor is a toxic mixture of hatred and envy; people are forced to pick sides, and as Steve Olson explained, the outcome isn’t pretty.

There is also the wretched plague of materialism. The worst offenders aren’t the rich, but those who live beyond their means. The people going into debt to buy big houses, luxury cars, and plasma T.V.s. It isn’t about what you have, but what you can show. These fools want to be rich for shallow despicable reasons. Unmaterialistic people associate this idiocy with the desire to be rich and label the pursuit of the money unfulfilling. I was a member of this group of unmaterialists until I began to consider money and the nature of employment in a different light.
You Can Buy Time

The popular saying ‘you can’t buy time’ is blatantly false. Employers buy time everyday when they exchange money for labor. You may not be able to buy back time that has already passed, but you can certainly prevent yourself from having to sell your time in the future. Only the rich are able to avoid selling their time for money on a daily basis. Without the pressure to trade time for money, rich people are free to enjoy their lives however they please. If you take nothing else from this article, remember that money is freedom.

This realization led to the formation of my primary life goal: to become independently wealthy. By nature I am not a materialistic person. I care little for extravagance and the admiration of others. My favorite past times are the outdoors, basketball, reading, and collecting books. Old, used books, that generally cost less than a dollar, are more precious to me than any high tech gadgetry. But there is one valuable commodity that I prize above all others. Time.

When I started working full time 7 months ago I realized what it really meant to sell my time. I’m not complaining about my job. It pays well, affords decent hours, and the people are great. The problem is having to be there all the time. Call me ungrateful, but I don’t want just a good life, I want the best life I can muster, and that means having control of my own time.
Making Money Helps Other

After you buy something how do you usually feel? Unless you have spent foolishly and have buyer’s remorse you probably feel good. This is because have acquired something worth more to you than the money you paid for it. Commerce is an exchange of values. The merchant gets your money and you get wonderful commodities. Everyone is happy. If you weren’t happy you’d buy from someone else, which is why companies that don’t provide value go out of business. The success someone has is a direct indication of the value they provide to others.

Becoming rich doesn’t mean working long hours at a job you hate. Many people believe that becoming wealthy requires a high paying job i.e. doctor, lawyer, banker, executive etc. This may be the most certain path, but it isn’t the only one. There are unlimited ways to provide value to others, and the more creative ones are the most explosively successful. Don’t resign yourself to being poor just because these professions don’t fit. If you don’t like something you will never be great at doing it. The key is finding something you love that provides value to others.

You are currently witnessing my first foray into the world of independent value creation. I don’t expect this site to make me rich overnight, but it’s my first attempt at using my passions and abilities to create value. You may say I’m an optimistic fool, but each minute I work on this site I learn more about business and sharpen my creative abilities. Plus, it’s also very fun!

If you want to make the most of your life and attain personal freedom, becoming rich is a goal we both share. Don’t resign yourself to trading time for money just because that’s what most people do. Don’t wait to get going. Start working now. It’s going to be hard and you will need to make sacrifices, but don’t be discouraged. You have everything to gain, all you have to lose is your time.

(Source: www.pickthebrain.com)

You Really Want to Help the Poor? Get Rich!

The poor in America and elsewhere in the world require aid from people with better means. A lot of times, these means are taken by governments in the form of taxes that are meant to help these people in need. But often times, only a small percentage of revenue generated from taxes actually make it to the people who need it most. That is where charities come in, allowing people with means to personally target their vast donations to the causes about which they are passionate.

Moreover, taxes collected by government for means of supporting welfare and other entitlement programs use a method of force to move money earned by the productive sector of the economy to the unproductive sector. Acting in opposite, charitable donations are an act of free will, where one or more people actively and consciously give of their income to those in need in order to provide essentials or to give the lift needed to become a more productive member of this economy.

Even though over 75% of all our taxes are paid by only 1% of our citizens, the tax revenue received for the express purpose of helping others greatly pales in comparison to the voluntary philanthropy of the wealthy 1%. And as stated earlier, these charitable funds are specifically targeted to a needy organizations, hospitals, or other causes, allowing the money given to actually be used by the recipients, instead of wasted in bureaucracy.

Therefore, if you really care about helping the poor, get rich! Stop relying on your tax dollars to go the the people who need it most. Once you build your wealth, you can allocate your desired amounts to help those you wish to help.

How do you get rich?

Well, first you need to think differently. There are two economic systems in America, the "wage" system and the "profit" system. Outside professional athletes and senior corporate executives, no one ever gets rich from the "wage" system. It is within the "profit" system that all the true wealth in America and around the world is made. Owning your own business is the key to success, and the key to your ability to help uplift the poor.

The kind of business that is right for you depends on your personality, characteristics, and work habits. Also, you need to decide if you want to own a business to do part time while you work in your career or profession, or you can commit to being a full time entrepreneur. There are endless choices, but do not get overwhelmed. Out of all the types of businesses, including brick and mortar retail shops, franchises, and service related businesses, and internet based businesses, it is the internet business that allows for the greatest return on investment.

Brick and mortar franchises cost over $500,000 to start and you are not in profit for 3 to 4 years. There are also employees to deal with, not to mention rent and insurance, and can only operate during certain limited hours. Internet businesses have little startup costs, are in profit within a few months, have incredible growth the first year, and have no employees, no space, no rent, no inventory, and no insurance. Plus, if you pick the correct online home based business, you can have it work for you 24 hours per day, 7 days per week, targeting over 1.5 billion people in over 150 different countries.

Of course there are scams, pyramid schemes, funnels, multi-level marketing structures, and affiliate programs selling lotions, potions, and pills, but there is an easy way to determine what is right for you as you think about your goals of helping the people in need with a portion of your earnings. You want a business that provides an extensive online training system that takes you from extreme internet novice to expert marketer in a very short period of time. You want a business that specializes in promoting personal branding, where your leadership shines in the forefront instead of a behind-the-scenes company with no vision to help others. You want a business that allows you to start big if you have marketing capital for realizing returns much quicker, but you also want that same business to allow you to start small and use their extensive free and vast social marketing resources to allow you to build your business over time, transitioning from free advertising to paid advertising within 4 to 6 months.

Do not rush this process. Feel free to comment on this article if you have any general or specific questions. Just remember why you are doing this, to make a greater impact in your community for the betterment of people in need.

(Source: ezinearticles.com)

Why Are Some People Poor and Others Rich?

One of the biggest struggles in people's lives is seeing people around them who are more fortunate. It is frustrating to see other people have more than you do when you are as equally deserving as they are. This leads to one of the most asked questions of why are some people poor and others rich. The problem with this question is that there is no clear cut answer. There are several factors that go into people getting rich in their lives and there is also a lot that goes into why some people are poor.

One of the first ways to answer why are some people poor and others rich? is by looking at luck. This is something that plays a huge role in why some people are rich. They happen to be at the right place at the right time. It has nothing to do with skill or knowledge or even how badly they want something. What you have to remember if you are not one of the people who are rich is that your luck might be coming soon. You never know when you will strike it lucky and get everything you want out of life.

If you still are asking why are some people poor and others rich, a lot of it has to do with yourself. When you are able to take action in your life, you are more likely to get what you want, which in this case is money. Because luck does not happen to everyone, you have to be willing to take matters into your own hands. Think about what you want and then devise a plan of how you will make that happen. You cannot go through life relying on others to give you want you want. Because it is what you want, you have to make it happen.

Another way you can change your thinking about why are some people poor and others rich is by changing your thinking. You can do this by thinking more positively about everything in your life. You will be amazed at how much faster things come to you. This is because you are unknowingly hindering your chances at success when you think negatively. You are not allowing yourself to believe in yourself, which really is what needs to happen to be successful. You might even start realizing that wealth is not the only, most important thing in your life.

(Source:ezinearticle.com)

The Rich Don't Work For Money

It can hurt a little to see others do so well; the wealthy heading off in their luxurious car for a weekend away at their own private beach house, or jetting off around the world to taste the genuine flavors of the world. Yes it can be frustrating, you may even feel jealous; use these emotions to inspire you to think!

The majority of people finish school and go out looking for a job, some even start working before leaving school (parents smiling proudly). And yet most people never learn about money.

People often blame their boss, their wage, the economy, the government and the rich for their financial situation. Many of these people quit and go looking for a better job, a higher income and the others accept their situation and just keep working, waiting for a pay rise, living with the fear of getting fired and yet even more terrified of taking control of their own situation, getting out of their comfort zone and making a change.

Fear and desire drives most people to seek false security through a job; a job is simply a short term solution to a long term problem. It's easier to get a job and work for money; this is what you are taught at school and at home; go to school, get good grades and get a good job. Yes, it can be difficult to change your own situation and your own habit's, although it is still easier to change yourself than to change your boss, your wage, the economy, the government and the rich!

Robert's rich dad taught him that emotion is your energy in motion. "Learn to use your emotions (fear and desire) to think, not think with your emotions" He offered Robert and his own son Mike the opportunity to work for him at one of his Superette stores (a 1956 version of the 7-11) for free at the age of 9. The lesson to learn from this experience was that the sooner you forget about needing to earn money from a job the easier it will be to identify and take advantage of opportunities.

Robert and Mike did see an opportunity, an opportunity many people would never have seen or taken. They asked the comic book distributor if they could have the unsold comics from the Superette stores; this was allowed as long as they did not sell them. So... they set up a comic book library, charged an admission fee to the local kids to visit the library and read the comics. They hired Mike's sister to be their librarian. They generated money from their business; their money worked for them!

The Rich Don't Work For Money. Financial education is the solution.

(Source: ezinearticle.com)

Tuesday, 25 August 2009

10 Tips On How To Get Rich Fast

Wouldn’t it be wonderful if you could get rich tomorrow? What would you do with all that money? Well believe it or not it can be done. Now I didn’t say it would be easy I just said you could do it. Here are 10 tips on how to get rich fast.

1. Invest - Start young. In fact start while you are in elementary school, kindergarten is even better. It’s the beauty of compound interest and over time your money will grow into a nice nest egg. Okay if you are reading this you are probably too old to start in elementary school but you can get your kids hooked. As for you the best plan of defense is to invest 50% of your salary in a high risk market fund or the penny stock market. You’ve got a 50-50 chance. You’ll either make a million or be broke in 90 days.

2. Marry Rich - Now how difficult can this be? All you need to do is find someone who has loads of money and marry them. Okay I didn’t say you’d be happy just rich. Perhaps not a solution for most of us but it apparently works for a few.

3. Win The Lottery - Ya ya I know the odds of getting struck by lightening are better than the odds of winning the lottery but you can’t win if you don’t try and it’s one of the few ways I know of that you can get rich fast.

4. Rich Parents - If you come from a wealthy family then you are half way there. All you have to do is stay in their good books and convince mom and dad to not spend their money and leave it to you when they pass. After all why should your parents get to enjoy the wealth they reaped?

5. Get An Education - Go to school for lots of years, accumulate plenty of debt, and choose a career that pays big bucks. After about 10 years in your profession you should be rolling in the dough and you might even be filthy rich before you get old

6. Become A Star - Heck if Jennifer Aniston or Nicolas Cage can do it why can’t you. A couple of acting lessons and you should be set. All you need to do is head to Hollywood and strike it big. One good movie and you’ll be set for life.

7. Invest In Real Estate - Buy high sell low – whoops I think I got that backwards. Buy low, wait 10 years, 20 years, maybe even 30 years but inflation will have your investment growing by leaps and bounds and you could be filthy rich especially if you bought in an up and coming city while house prices were still low. Now if you bought in Hicksville USA you may have a problem. It might take more than your lifetime to see any dramatic increases. Oh well you can leave it to your kids who can leave it to their kids and in another 100 years or so someone’s going to be sitting pretty.

8. The Internet Way - Heck where have you been. A quick search on the Web will reveal plenty of sites that will teach you how to make $50,000 a day. Now I think most of us could live quite comfortably on that don’t you? All you need to do is part with about $500 and they’ll tell you the secrets of wealth in one page or less. If the first one doesn’t do it for you perhaps you might want to try a few more. Oh wait a minute. Perhaps what you need to do is set up one of these sights, then you’ll be the one getting rich off the other poor fools that part with their $500.

9. Bank Robbery - Okay highly illegal and could land you a lifetime in the slammer but desperate needs require desperate measures. After all if you get caught you might not be rich but you’ll have free room and board for the rest of your life and then you could write a book about what not to do when robbing a bank and well see you could get rich from your book. And even better, you’ll stay rich because there is really no place to spend it while in jail.

10. High Risk Work - Take on those high risk jobs no one else wants. You know counselor in Iraq, bean counter in Afghanistan, Oil tycoon in Iran. But hey if you live through it you’ll be rolling in the dough. What does it matter that 99% never live through it. You’ve got a 1% chance and when it comes to getting rich those are pretty good odds.

Sure most of these ideas are pretty off the wall but if getting rich fast was easy wouldn’t we all be rich? Then what fun would there be in that? We’d all have too much money and probably be bored to tears. So why not aim for better life with good friends, love, happiness, and enough money to live comfortably but not so much that you stop dreaming about what you would do if you were rich.

(Source: www.articleclick.com)