How to Become Rich
89First, a Little Perspective
While many people dream of becoming rich, most never achieve this dream. Of course, rich is a relative term with regard to financial wealth, as the average poor or middle class person today enjoys luxuries unknown to the wealthy people of ages past. As I pointed out in my Hub entitled Views of Food Then and Now, throughout history starvation and famine have been the major cause of death throughout history but in recent years, as a result of our rising wealth, food has become so abundant that obesity is rapidly becoming a leading cause of death. Compared to the wealth of Bill Gates, the average American is poor. However, if we compare the creature comforts enjoyed by the same average American of today to those enjoyed by George Washington, the richest man ever to hold the office of President of the U.S., it Washington who comes up short.
The term rich can also be applied to the accumulation of other things besides financial wealth. Things like good health, close relationships with family or friends, etc. can also make people feel rich. Being rich does not necessarily mean a person is happy. The story of King Midas is a classic tale wealth and unhappiness as is George Eliot's classic Silas Marner in which the hero, Silas, finds happiness only after losing his horde of gold and taking in and raising an orphaned child. The term poor little rich girl is a further examle of a person being both rich and unhappy as it describes a person born to great wealth who is also alone and friendless in the world.
However, before carrying this philosophical discussion too far, let us remember that we live in the twenty-first century of today and not the eighteenth century of George Washington and we need more money to acquire the creature comforts that are available today. As to happiness, while it is true that we cannot buy happiness with money, we should not forget author Leo Rosten's observation that, Money can't buy happiness, but neither can poverty.
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The Old Fashioned Way of Working and Saving is the Best Method
There are a number of ways to become rich and here are a few of the more common ones:
1 Inherit a fortune – for the most part this is a matter of luck in that you either have to be born into a family with a rich relative who will leave you their fortune or you have to encounter and befriend a wealthy person who is childless and decides to leave you their fortune. Both of these are long shots.
2 Win the Lottery – this is every sucker's dream, but frankly, the odds of meeting and befriending a childless stranger are probably greater than winning any lotteries. As for the lottery run by my state (Arizona, and probably every other lottery in the world), I had a mathematician demonstrate to me once that your chances of winning the lottery by purchasing a ticket are statistically only slightly (very slightly) greater than your chances of finding a winning ticket on the ground that someone else brought and lost.
3 Be born with a talent in great demand – This one also depends upon luck but you do have more control and greater chances with this than with numbers 1 and 2 above. Inventory your talents to see what you have and what the market wants – athletes, singers, entertainers are currently hot commodities. Then work very hard at developing your talent and you just might make that fortune. While it may look easy, when you take time to study the background of the beautiful millionaire model or the the athlete making millions throwing a football, you will find that an incredible amount of time and effort went into reaching their present position and the stress of their present fame is usually more than most of us want to have to endure.
4 Grab an Opportunity and Run With it – Get a good education in a hot area, such as IT, web design, nano technology, etc. Work hard to become a leader in the field and keep watching over your shoulder for the next opportunity in the field. Then, when the opportunity presents itself, throw all of your time, energy, and every cent you can get your hands to to start a company to produce the product or service. If you guessed correctly and the product or service is just what the public wants NOW you can either go public and make a fortune on the sale of some of your stock or sell it for billions to a company like Google (a la You Tube) or Yahoo. Of course your plan could bomb and you could find yourself with nothing but a pile of bills or, worse, fail because you were too early and have to endure the pain of seeing someone else make a fortune with the same ideas a few years later when the market is right.
5 Be Old Fashioned, Work and Save – This route is open to practically everyone and the younger you are the better. It involves working hard and saving. In their book, The Millionaire Next Door: The Surprising Secrets of America's Wealthy, the typical American millionaire is described by authors Thomas Stanley and William Danko as a very ordinary person who has slowly and steadily accumulated wealth through work and savings. Most live typical middle class lives with few outwardly displays of wealth. In fact the only thing that distinguishes them from their other middle class neighbors is the size of their bank accounts. Most of these millionaires own their own business but they are traditional low tech businesses. While their neighbors live off of credit and spend thousands each year on finance charges, these people save (earning interest) and pay with cash. Their homes are comfortable suburban tract homes, their cars are late model family type cars, their clothes are off the rack. The author's point is that these people are no different than the vast middle class that makes up America other than they are more focused on their work and they save rather than borrow. By middle age these people are usually very wealthy but their habits remain those of the middle class. In fact when Stanley and Danko were writing their book they held a series of focus group sessions in fine hotels and invited people whose financial status put them in the millionaire class, and asked them to describe their lifestyle and how they made their fortunes. In the room where the focus group was held they arranged for a table of free drinks and snacks that included fine wines, expensive mixed drinks, caviar and other expensive appetizers. For variety they also included some beer and traditional appetizers. What surprised Stanley and Danko was that the beer and traditional appetizers disappeared fast while the wines and caviar type food and drink went untouched. The work and saving are habits that are developed and cultivated over a life time.
6 Retire a Millionaire – for a young person this is probably the easiest road to wealth, but they have to wait for it. Simply open a Roth IRA account with a good Mutual Fund or other investment company when you get your first job at 16 or 17 (or later, but the longer you wait the less time you will have for the money to grow). Arrange for your paycheck to be deposited to you checking account automatically and, at the same time, arrange for the mutual fund or investment company to automatically withdraw a fixed amount from your checking account each month, say $25, $40, $75 whatever you can afford. It may hurt for the first couple of months but then you will get used to living off of the lower amount (your take home pay minus the IRA deposit) and forget about it. In time your income will go up and you can either leave your IRA withdrawal the same or increase it by part of the raise. Over the course of the next 40 – 50 years, the reinvested income from your deposits will grow to many times the amount that you are investing and when you retire you will not only have accumulated close to a million dollars or more but, after age 59 ½ you will be able to withdraw it tax free.
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How about applying the Law of Attraction to attract wealth? Cool way to BE wealthy.
Feel free to share with your friends the report so that they too can have their life transformed.
To your sucess and wealth
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Some good tips here!
Good advice, Chuck.
Enjoyed this page. Good info.
Good advice! Enjoyed reading your article
Very Very Very Very Very Very Nicceeee!
good golly miss molly! great advice!
Nice advice and tips ... i love the advices given here
Nice page Chuck ,
Enjoyed the advice and thanks
Or just finding out how to use hubpages or squidoo :-)
I hope I will!!
Have a nice day!
I am looking for a millionaire who can give me one million for free.
danpop77@yahoo.com
great sit just started out and loving it
have a great time making money
You could also marry rich.
I Enjoyed reading your article. IT'S VERY USEFUL
interesting and some actual ideas that may work.
Don't forget compensations and law suits!
Ervin, Thanks for visiting my hub and your comment. Compensation generally refers pay for work and I covered this in point 5 of the article (5 Be Old Fashioned, Work and Save). As to lawsuits, they are not only costly and take a long time but you have to first suffer a loss in order to have standing to sue. Since lawsuits are only intended restore a previous loss the net financial effect should be zero. Granted there are plaintiffs and lawyers who are ethically challenged (or, skipping the pc terminology, CROOKED) and file frivolous suits to make money - but that is not honest. That is why many of us would like to see the British system of having the loser pay the costs of of the other party. This would put a quick end to these suits as deep pocket targets (and as some of my lawyer friends have told me - law schools teach students not to waste time on lawsuits unless the defendant has deep pockets) would have an incentive to fight frivolous suits rather than finding it, as they do now, cheaper to simply pay off up front and avoid the cost of fighting a suit. Chuck
i think you can only be rich if u get a good education,
I THINK THIS IS ALL A SCAM!
THANK YOU!
-Dolji Manahad
i dont spek english okey? i lost my muse hihi, okey how to be rich ehh well
u have to clean a and work ur ass of, there are no free nothing ok?
you must work to get it
-Jose Hernandez
viva mexico
Well, Chuck at least we have one thing for sure in Common....Our wonderful name.Your original post is "spot on"
I was fortunate to assigned Think & Grow Rich as an excercise in my freshman year of college 1960...
I was so Dumb, I followed the Book.have kept it at my side ever since along with The Master Key and Proverbs...and quess what?IT WORKS!
Rich of course is a matter of postion by many....but I never had a JOB, had the privilage of working as long as I wanted to ...
Did not have to get caught up in the Dummy Tax of Interest, because we bought only that which we could pay for...Well most of the Time.Some major med expenses needed negotiation.
Funny thing never Made a HUGE Income..Never needed to
Final analysis, find you definite Purpose, draw up your Plan form your Master Mind,, and get started NOW! Dont woory about getting it Right.Just get it Going with Massive ACTION...you can manifest all day and nothing will happen.
Read the Father of the Law of Attraction, Charles Haanel.i\I give FREE copies every day
Funny thing never Made a HUGE Income..Never needed to
the first 2 are everybody's wish but also the most difficult!
So true, so true. Good advice....and every once in a while, when you do come across the opportunities that present themselves in life whether its a job or an entrepreneurial venture...you have to run with it and grab it when it shows up.
The Universe is a powerful place, and so is intention and the law of attraction.
www.reversefunnelwealthsystem.com
I think method-6 is the most suitable for everyone. I am also practising this.
Nyan, Thanks for visiting my HubPages and for your comment. I agree with you, method 6 - starting young with a Roth IRA is a great way, and probably the easiest, to get rich. By starting early one has the power of compound interest working for them and this is such a powerful tool that the nineteenth century Baron Rothschild once labeled compound interest the "8th Wonder of the World" Chuck
Great hub! Some nice ideas here.
i will still buy the occasional lottery ticket...
I wish I won a lottery or inherited a fortune. But since I'm not there yet in my late forties, I guess I have to start expoliring other ways :D
Great hub I really enjoyed this. I have another book that will be a great read. Can I post it to your hub.
butler01 - thank you for visiting my HubPages and for your comment. As far as posting a book report on my Hub I would suggest that you do the write up about the book as one of your Hubs and then leave a comment here with a link to that hub. I am pretty liberal about allowing other Hubbers to leave comments with links to their hubs but usually draw the line for comments with links to outside promotional sites. Chuck.
Most rich people are celebrities, businessman, inventor, investor, professionals (well-known lawyer, sportman, etc) and also politicians. If you are not working in one of those area it will be hard for you to become rich unless you marry rich person, win a lottery or you are born in a rich famliy.
Many people also get rich just because they recieve information faster than the others to run a new business, to buy and sell, to send a tender, etc. This is the era of infomation where the fastest is the winner.
nice tips!!! hope it'll help me through out the year
Ronald Daniar - thank you for visiting my HubPages and for your comment.
However, I have to take issue with your claim that most of the rich are celebrities, businessmen, inventors, investors, professionals and politicians. It is true that many people in these categories have high incomes especially celebrities, politicians, business executives, professionals and investors. Successful inventors also often come into large incomes as a result of their inventions. However, income merely reflects one's current spending power and is not necessarily related to wealth which is the ownership of income producing assets. Wealth is measured not by how much income one has but by subtracting what a person owes (their liabilities) from their financial assets. A wealthy person is one whose net financial assets (financial assets minus liabilities) are large.
It is not uncommon to read in the papers one day about the astronomically huge income of some celebrity/politician/business CEO, etc. and then a few years later read another article describing that same person's deep financial woes. The fact is many of these people with very high incomes are usually spending the money faster than they are earning it. Oh, they have expensive homes and cars, take expensive vacations, make splashy purchases and are in the public eye as much for their spending and consumption patterns as for their professional accomplishments. However, once the income stream from their profession stops they have nothing and even the homes and cars are not of much help as they are mortgaged to the hilt.
As I mentioned in Step 5, in the book "The Millionaire Next Door" by Thomas J. Stanley and William D. Danko, the author's describe the growing number of people who live comfortable middle class lives but who have assets, which have been acquired steadily over time, placing them in the millionaire class.
I actually observed this phenomena many years before while working as a mortgage loan underwriter for a Savings and Loan Association. Every day I would read dozens of loan applications from people with good incomes, often couples with each having an above average income, and a fair amount of assets in the form of cars, boats, homes, etc. However, their financial assets were usually limited to either just enough cash in their checking and savings accounts to cover the minimum down payment (5% of the home price) or less than that with most of the down payment in the form an expected income tax refund or a gift letter, usually from parents, promising to give the borrower(s) the money to make the down payment. My favorite example was the loan application from a 45 year old man who was married with 2 children - he and his wife both worked and had decent incomes and plenty in the way of a couple of new cars, a boat and a few other expensive things. On the liability side they had a long list of high balance credit cards. The couple was buying their first house thanks to the husband's father who was giving them the down payment with the idea that owning a home would make this fellow and his wife financially responsible! Because of the down payment from the father, we made the loan but I doubt the fellow's financial situation now is any better than it was 25 years ago when I approved his home loan.
However, a little under a third of the applications I received came from couples with children and less than spectacular incomes. They generally had a modest home which they were using to trade up to a better home, along with one or two older model cars and cash and savings amounting to a few thousand dollars. Their liabilities were usually limited to a mortgage that was equal to about half the value of the home and the net proceeds from the sale of their current home would allow them to put down 25% or more on the home they wanted to purchase (25% or more down payment qualified for our lowest interest rate on mortgages). These people were not rich but they were accumulating assets along with cash savings and few debts which would allow them to weather financial problems in the future and probably eventually retire without having to worry about whether or not they could afford it.
So, my point is, if you define "rich" as having considerably more financial assets than liabilities it is not necessarily those with high incomes who will remain rich but rather those who steadily build up savings while living within their incomes. For further proof just read the stories about jack pot lottery winners who win millions and end up broke a few years later.
Chuck
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i am going to do dropshipping business on ebay , you guys think that is a good way ? i have already visited some of the website in china . www.fallinbrand.com , www.thepeis.com , www.williamshoes.net , is there anyone bought from them ? how is their service ? how is the quality ? give me some idears. thanx..
Chuck,
Again you have impressed me with you wisdom and knowledge.
It must be the mortgage business. i never had the opportunity of being born rich . I keep thinking I will win the lottery, but then I never buy the ticket. Waste of money.
Iam going with number five.
Trading in ebay is a good way.I have not read any complain ebay.
Find 99 legit ways to make money online at www.earnextrarupees.com . You will find advice on free paypal paid surveys and other money making opportunities here.
Best of luck.
Delay your instant gratification is the best way to become rich. Delay buying things that would satisfy yours whims and caprices ,and wants. Instead only purchase things that would satisfy your needs, the rest of your money should be saved in the banks. As your savings become huge - invest either in Time Deposits, Shares of stocks, bonds, treasury bills, wealth multiplier, trust indentures, purchase of real estates or mutual funds. Never touch the monies for a decade or two. It's the surest way to become rich.
Oh yee what a wise advice but dnn't forget basic training. Go to http://InternetHomeBusinessVideos.com/index.php?ri afterall it is free to join. tq
lol hahaha
Very good article, with very fine points. It's practical and makes sense. Good job.
thats why I'm rich!
Excellent article...
Also, eBay isn't a safe place to trade. You have very limited protection and the seller almost always wins. PayPal protection helps, but they make the final decision. Which means if the seller provides proof of a tracking number, no matter what happened, you'll not receive a refund.
I'd just pay some extra money from known online stores.
I believe there is no specific formula to become rich. Formula which worked for others might not work for you. Everyone is so different in there attitude as they have seen and learned different things in there life.
Now one can have common dream (to become rich) but they can't have common approach or formula or whatever you wanna call it.My Aim is that I want to become richest person on this Planet, and trust me no one can stop me from that.
Do planning as per your physical health, capabality and knowledge. Because in the end "Success does not depend upon the brilliance of your plan, but consistency of your actions".
T.A - Thank you for visiting my HubPages and for your comment. You make a good point and I agree with you. However, what I tried to do in this article was to present a number of different ways that have worked for many in the past. While it is true that each person and their circumstances are different, having access to past knowledge and knowing what has and has not worked for others can serve to greatly reduce the learning curve.
While none of the ways for becoming rich that I suggested in this article, or others have suggested in other books and articles, is a guarantee of success, knowing them allows individuals to analyze and quickly determine which ones probably won't work for them and which ones may work for them. This knowledge alone could save them a half a lifetime of experimentation using trial and error in their attempt to learn what others before them have already learned. Additional time can then be saved by studying ways used by others whose situation was the same and then modifying as necessary. After all, the wheel is not a universal solution to every technical problem that humans have encountered since its invention in ancient times; but, at the same time, how many inventions have used the concept of the wheel to solve other problems. I am sure that the Neanderthal or other prehistoric individual who invented the wheel in order to make moving objects easier never considered its possible application as the central mechanism in gears for cars and numerous other types of modern machinery.
Thanks again for the comment and good luck with your dream.
P.S. just watch out for the taxman as they will definately want to share your wealth with you after you earn it.
Fantastic article, ebay is a great place to make money from - i saw a complete free guide on how to make 5 grand off them its here> makingbigcash.com No download required
hey if you want to get rich, i say work hard an save your money as much as you can, after paying your bills frist. They are no get rich fast out here, only for the scammers, i to almost get scam, i still got the $7000 dollar check ive never cash it. people plz watch put for scammer they are the one;s who is getting rich, and they do get by with it thank you kevin
one more thing, its hard to get rich, im the owner of quality building going on 15 years now im still not rich
tomorrow if you all want me to i will put that scam check that the scammers send me and what came with it so you all will know what to look for if they try to scam you by tomorrow i mean 12-25-2007 i will put it on my website www.qualitystoragebuilding.com just leave me a comment on my page here on hub thanks
Kevinl905 - Thanks for visiting my HubPage for for your comments.
I. too, received a scam check, but mine was a mere $2,950 (the scammers must be becoming more frugal with their stolen checks). I wrote a hub about this http://hubpages.com/hub/I_Just_Won_the_Lottery and included copies of both the check and letter I received from them as well as explaining in the article just how the scam worked. From the number of comments I have received on that hub, there are lots of people receiving checks trying to lure them into the scam.
In addition to the Hub on the check scam, I have also written four other Hubs so far on various scams and how they work. These are currently grouped together under the heading of "Scams and Frauds". Here are links to the other articles:
http://hubpages.com/hub/Money_Laundering_Jobs_Aple This one is about how Internet thieves who have made money with stolen credit cards and bank account numbers attempt to dupe people into helping them get around the law and move the stolen funds abroad.
http://hubpages.com/hub/Money_Mules This is a slightly earlier Hub describing the money laundering tactics Internet scammers are using to move their funds abroad and make them look legitimate.
http://hubpages.com/hub/A_Thousand_Dollar_Bank_Sca This is a description of how the techniques that scammers and con artists use to distract people and then cheat them out of their money. In it I describe an actual situation that occured in a bank I worked in where a teller was duped by this and gave the customer an extra $1,000 as well as has a video showing how this works in action.
http://hubpages.com/hub/A_New_Twist_on_Bank_Accoun In this Hub I describe how scammers are luring people into revealing their passwords and giving access to sensitive bank account information to the scammer in return for a promised $20 reward for taking a survey for their bank.
<<<<< click it whats that old saying if it sounds to good to be true well it is i got checks from a scammer the smalls one was for &7000 tomorrowi will put it on my site so others will know to watch out for www.qualitystroagebuildings.com or leave me a comment on my hubpage saying you would like to see it
Chuck, thanks for the impressive post - well put!
I'd like to add, and will post a hub to this end, that to achieve wealth or financial security at any level and maintain it successfully first requires an understanding of money and how to manage it - whether you inherit a family fortune, or simply work and save the old-fashioned way.
In the lending industry for more than 25 years, I was constantly amazed at the number of borrowers who had not even the first clue about money or any idea on how to determine what payment amount they could realistically afford - and without a single dime of savings as a reserve.
great hub chuck! The power of saving is great. Thankx for sharing
I really enjoyed reading this very well written and informative hub. I agree with most of what you say and believe that wealth is always relative - many of my friends ask me how come I'm better off financially than they are ut as I think you are pointing out, there is no magic to it.
Generating your own income if you are able to is preferrable to working for a wage (read any of Robert Kiyosaki's books) as running your own company gives you far more flexibility to pursue new opportunities. I have always been self-employed and set up my own company last year whne I began to develop multiple online income streams.
Where many of my friends would take the money and spend it I choose to live modestly and invest the money I make in a range of assetts such as property, shares and mutual bonds etc.
Money itself holds virtually no value - it's value comes only from what it is used for. So if you but a big TV, fast car and luxury holidays in 10 years you have nothing to show for the money you spent. On the other hand if you buy investment bonds, rental property, shares and valuables which ratain their value at the end of 10 years you will have a lot more money than you started off with.
Understanding money is really the key to wealth and being able to generate it is the way to become financially independant for life.
I look forward to reading some more of your blogs Chuck, take care, Louisa
I hope to work very diligently after going to college. Hopefully with stock and real estate investments I not have to say no to my dreams because of money issues.
Hi Chuck!
Sory for the late reply. I agree with you but I think you are talking about 2 different things. Your hub is actually about "How to Become Rich" and I add some points from my perspective about other ways of how people become rich. While being wealthy is another thing; it is about "How to stay rich" skill to manage their fund so people will not bankrupt.
I bet that there are many people who have the skill of managing money so they will not bankrupt, but many of them also don't have the skill of making big money! Can you see the difference? In my opinion and based on some readings I read, I conclude that if you want to get rich, you have to make sure that your job can make you rich. If not, then you have to think of another job!
Being rich from your income and from your saving is also two different things. Some people become rich from their savings when they are already retired. While some people become rich from their income when they are not retired yet. So, your income which come from your special skill determines how rich you are but your fund management skill decides whether you can stay being rich or not in the future.
Regards,
Ronald Daniar
Ronald Daniar - thanks for the update and clarification. Your points are well taken and I appreciate the added perspective which I am sure many readers will find useful and informative.
Thanks again.
Chuck
Not all could have 1 and 2. I say make use of our talent and go for the oppotunities that come.
iam looking 4 a millionaire who will giv me $1000 4 free life would sure be worth living than
Grab an opportunity at long as it makes sense, is ethical and has room to grow. Latch on to someone that is making things happen and leverage your self. Continue the education process for life. "There are no secrets to anything, just things you don't know YET." Love that quote!
Hi CHuck,
Great advise and I will strive for no 4, 5 and 6.
Have a great New Year.
All good sound advise - Often you have to list your priorities, saving money may be simple as packing a lunch rather than eating out. I know one immigrant to Canada who started out as a gas station attendent at 19 with no English and retired at 40. He learned English partly by going to movies. He saved 20% of everything he made, eventually bought the gas station and invested in apartment buildings. A lesson for anyone with ambition.
Maggie - Top Home Job Directory - http://www.gohomeworkers.com
Chuck I agree on all counts. I really like your page , and it was interesting reading, all true. I am just getting started with mine so would appreciate any good tips. Have a good 2008, mine has got to be better than 2007.
MMK
what if you want to become rich now? but i dont want to lose anything i have now. how do i become wealthy and smart and at the same time keeping what i have and possibly getting more? i would like to also show to my daughter money isnt everything...but to me its very important
I always enjoy books of this nature because I know I am destined to be rich. I always find all means possible to gulp books of this nature. Though I did not read much of the details, I am fascinated by the topic and the brief headings and intros about it. I think it is a worthwhile attempt. I also want to thank the owners of this website for the great opportunity given to us all to have our views published. But please, I want to declare openly here that I need more tutorials on how to make money on the internet with little or no risk. Thanks.
make it right good job check this site out www.qualitystoragebuildings.com thats hard work he earns his money
sooooooooooooooooooooooooooooo very very very lame
I belive in Be Old Fashioned, Work and Save.I strongly advise creating a budget worksheet for yourself. List everything you spend on a monthly basis and figure out what you can cut out or try something different to lower your costs.
Great info, thanks, certainly food for thought :)
Most of what you have listed would be very rare like winning the lottery or inheriting a fortune.
Covcarbine - thank you for visiting my Hub article and for you comment.
However, I have to disagree with your contention that the steps I recommended for acquiring wealth are as rare as winning the lottery or inheriting a fortune. Granted, noting is guaranteed in life. However, working and saving, taking advantage of opportunities, etc. are things over which you can exercise some choice and control while winning a lottery or inheriting a fortune depend mostly on chance. That said, working and saving, taking advantage of opportunities and the other things I mentioned do require perservence, work and some sacrifice so they are not necessarily easy. But they are attainable for most people who choose to persue wealth.
Chuck
I enjoyed reading your list very much and have rated it up!
Do read my take on how to be wealthy beyond relief herehttp://hubpages.com/hub/How-To-Be-Wealthy-Beyond-B
Have a great day,Evelyn
Love the hub.
Quite a Good Tips on How to become Rich. Definitely I will CHoose number 4. We had to grab an opportunity and MUST work hard, smart, persistent on it. The most important is we had to Believe and Be Confidence that we can do it and Achieve It.
I definitely want to become Rich and achieve all my dreams. Thanks
I have never seen these information before this, while I've a website http://www.workathomeguide.we.bs
Thank you.
I have to admit I like the win the lottery one. The intriguing part is someone has to win. I ran into a couple of guys on vacation once that won the powerball. They were enjoying themselves. ;-)
How interestiing! Everyon wants to win a lottery, but it is possible if you have a luck.
<a href="www.google.com">Google</a>
luck is not always there, even if you won the lottery may not guarantee your happiness.
But if you become rich by accumulating the wealth by your own, then you will feel the fullness of life.
good luck
Man it would have been so much easier to have had 1 or 2 happen - now I'm working on 3-6 :D - excellent advice, enjoyed your hub Chuck!
that was stupid those are obvious ways to get rich.... JUST STUPID!... TELL ME SOMETHING I DON'T KNOW!!
nunyabisness - sorry you didn't care for this hub. Unfortunately, there are no great secrets to becoming rich. This hub was simply a restating of the age-old ways of doing it which, admittedly, are known by most people. However, like other things in life, people often overlook the obvious either because they already know it or because they realize that it takes hard work to implement, and, instead, seek a mysterious secret that will allow them to acquire great wealth with ease. The secret to becoming rich, like other good things in life such as good health, safety, happiness, etc., requires that we constantly remind ourselves of and practice age old wisdom that is and always has been obvious.
Hi Chuck.
I totally agree with the points made on your hub, and would be more in favour of your option 4, as I'm kind of an entrepreneurial type.
The internet is opening up lots of doors, and it has never been easier to start your own business, even without it costing you much more that your time.
There's no easy way to become rich, but while slugging away at my job, I'm discovering <a href="http://www.squidoo.com/howtogetrichonline"> to get rich online</a>, and it's starting to pay off for me!
In any case - the best advice I know to give to anyone would be: Chose to do something you like - and you'll never work for one day in your life.
It would be really good to hit the lottery. However there are tons of ways to get rich. Just takes time and effort.
Does anyone here know of any good ezine advertising companies? There are so many out there it is hard to choose. I am going to use it for my website: http://www.gbg-10-in-one.com
I think these days lawsuits are a way people use to get rich. Other ways include joining that secret society.
Chuck! Good articlee and good ideas. Are you rich?
lemmyC - thanks for your comments. As to your question asking if I am rich that is a matter of perspective. Compared to Bill Gates, I am dirt poor. But, like most other contemporary Americans, when compared to the rest of the world or to those who preceeded us in history, I am very rich.
Yes, there are indeed many choices one has but an education in finance and accounting might serve you will if you truly want to be a millionaire because once you become one you had better know how BEST to handle your fortune.
http://www.schoolsgalore.com/categories/2/accounti
ha wow. this is pathedic! im rich cause my daddy owns like your boxes you call a house! read and weap
Pls read my hub 'success secrtes'
regads
sam
Good hub! Yes, the first ones are out of reach by most people but number 5 is the way to live your life. If todays generation would listen and learn they would attain wealth wealth with number 5 and 6.
There is no reason why one has to go out and purchase the most expensive clothes and cars. Charging everything and paying interest changes is throwing money away! Live life comfortable but within reason. If you can't pay for these things in cash then you don't need them or you should be looking for cheaper ones!
I told my son a long time ago to save, and to start an IRA early. He is 27. He has his own home, and IRA, and what he needs. He will retire a millionaire!
Good Post.
One needs to Dream rich to Get rich. I have published a post on "Dream Rich, Get Rich" . Check it out and leave your feed back.
Dream Giver
hi,
nice tips. thanks
Nice article, I like point number about working hard and saving. The only way for a regular person to get rich is to have something, like a business, that can make them real money. A job will only ever pay you enough not to quite!
Law of atraction is nonsense, waste of time. To get rich you have to work like a madman, always thinking about it. You have to break your fear but never be blinded by your self confidence.
Chunk, great article with reasonable points, for ordinary people to get rich, 5 and 6 are the most possible ways. i am one of those people, being age of 24, 4 year degree in accounting with a job of making less than 40K, i already have a brand new house in NYC worth half million. eventhough i got the help from my parents for down payment, i have no problem paying the mortgage because i rent out the basement and second floor, all i need to pay just small portion. my point is to get rich and have stable life, it is not necessary to earn big money, the key is to have a good financial plan, how to use your hard earned money in a wise way, at the same time enjoy your life. enjoying your life doesn't mean to have luxury jewelry, expensive vacation, that just moment of enjoyment. the real enjoyment is you don't need to worry losing your job, worry about being kick out by your landlord. with nest egg in your packet, you will feel more comfortable and relax in your life.
Hahaha these guys have also found a wonderful idea to get rich href="www.one-dream.net">One Dream</a>
hi i am looking for a rich person to give me some money as i dont have much, my email address is stevecosh86@hotmail.co.uk
@Chuck ~ I love the title of this Hub! If only it were as easy as following a few simple steps... LOL
Good article chuck. Some of those you would have to have a little bit of luck. Building an website that attracts hundreds of visitors a day is the way forward. It may take time but achievabnle by anyone.
How to became rich? The dream and the aim of 99% of US citizens.
Regarding your suggestions:
1.- impossible...2.- I'll keep trying!3.- still didn't discover my unique talent (with demand...)4.- working on it5.- not for me6.- retirement... far away.Congratulations for this interesting hub.
I am 25 and I am a multi-millionaire, no joke and I am not an athlete, actor, or poltician, I wan born into an average middle class family, I have no college education because college educations teach you for the most part how to work for someone else and how to play by the socialist rules, I did not win the lottery, I did not get some inheritance from a rich relative. I simply set out a goal to be a millionaire by the time i was 26, I made this goal when I was 19. Becoming rich is a choice and a and a state of mind, not a coincidence. If you listen to the majority of the world they will tell you that you can't be rich. They will tell you it is by chance so that they will feel better about their own failures in the pursuit to wealth. Once you admit that becoming rich is a choice and it is completely up to you then you become empowered! With this same admission that it is up to you, also comes extreme responsibility and knowing that only you can take the blame if you fail. Others are happier not being rich and blaming everything else as the reason for them not being rich. The choice is yours. As for the majority of millionaires? they are not seen or heard from. They live quiet lives and some of those close to them don't even know of their wealth. If you were to take all the wealthiest people in the world I would wager a bet that you have not heard of 90% of them, and I would win. Don't hope to be rich, plan to be rich. Then surround yourself with two kinds of people, those who will take the leaps with you, and those who have already taken the leaps and will show you how they did it.
10x herman for ur advice.ur a big man.thank u again.i will be rich also.i trust in me and i will win!
I'd like to be rich sooner than later...
But I guess I'm just like of people my age :P
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Hi Chuck, I am 26 years old and have about 40K debts in student loans. I have an Organizational Communication major and have no idea what to do with it. It mostly focuses on non-profit organization work, but how can I start a non-profit if I don't have money? It is a mistake to get that major. I could have done for-profit and helped people if I wanted to by making money first. So what should I do to get out of this situation? I don't even have a job right now, cuz it's so hard to find one. I live with my sister too. I also pay for my car about 300 a month.... :(
Great article with practicle advice, enjoyed it.
Thanks
For the vast majority of ordinary people, it's true that time is your best friend if you'll just start early in life, be willing to put off purchasing all your expensive toys, and invest you money for the long haul.
Anyone willing to do this will become wealthy, just not in the get-rich-quick way.
most of us dreams to be rich but only a few achieves it. but its more fulfilling and you'll appreciate the value of beiong rich if you work your way to your goals.
nice hub
read my articles to become richest!!!
My two latest hubs explore a new-to-most-people concept that is a real alternative to Wall Street and a great for all income levels way of having your own personal bank. Mimicking what banks do for yourself. It is amazing.
stef says:
2 years ago
I so want to be rich