Is there a SHORT-CUT TO BECOMING RICH?
63The short legitimate answer is None. That is it.
But definitely I can share something that is how to get rich slow.
Getting rich by the way the question was asked probably means financial riches right? And it is in this context that we will try to share how one can get rich slowly.
There are two ways that I came across on how one could achieve financial freedom or get rich if you may.
One is through DRIP, or commonly written as DRiP, is the acronym for Dividend
Reinvestment Plan. This is a program offered by many companies whereby
an individual may purchase stock from the company's transfer agent, as
opposed to doing so through a broker. As some companies do not offer
such a plan, a few brokers have offered what I refer to as a
Pseudo-Drip. This has nothing to do with a Drip (thus the terminology),
but is similar in the respect that the broker allows for the purchase
of partial shares at a small cost. Both plans allow for the
reinvestment of dividends typically without charge.
The strength of this strategy lies in dollar-cost averaging, where one
makes numerous purchases over a long period of time. This reduces risk,
which is an important aspect of investing.
The secret is consistent small investment on a regular basis say, like $50 a month consistently. More information can be obtained from DRip resource centre. And do due diligence buy stocks that are recession proof, meaning companies that don't depend on the economy, like people always brush their teeth, whether the economy is good or bad, or people use natural gas to heat their homes in good and in bad times, I think you get what I mean. Maintain 5 or 7 of different sectors and build them slowly and consistently.
The second is to find a home business that will give you residual income. This is easier said than done. So many have said this phrase too often without regard to its true essence. So let me share with you something...
But before I do, let me set the mood okay? I want you to forget every inhibition you have and keep an open mind, so that you will not be judgemental before you even start to read the story I have to tell. Much like a parachute the mind works best at its maximum when open, so have an open mind.
This ideal home business is in the forefront of an emerging technology, the Billion Dollar Industry if not thrillion, its the telecommunications network, now more than 80 countries worlwide has joined efforts to breakdown giant monopolies in this industry for the benefit of the consumers, big companies now will have competition because of worlwide telecoms deregulation, so more and more companies are able to participate and offer better rates for phones, internet, long distance etc. So this industry I would say is an ideal business to go into right?
And since many will be going in, how would someone like you be able to know which one to work with? In my opinion if we do research and due dilgence and can get tips from respected successful people to give us some insights then that is a good tip. Donald Trump is one such a person featuring the Celebrity Apprentice on March 22, 2009 the leading and emerging technology for the future.
Okay so, I have a prosepctive business, let us see what it offers. As a business franchisee you are able to acquire your own clients and customers offering them the same phone numbers they already use but now with lower rates with the same service if not better, and you will earn a portion or percentage of the phone bills that they pay, not only once but monthly for as long as they remain with your service. Evetually they add on more services like internet, home alarms, cellular phone or wirless service which adds to your income, the more you slowly build your client base the more steady your income will be.
The great thing about this is that you don't have to sell this because they are already using and paying for their phone with or without you. You are merely switching the flow of wealth from the monopolies to the ordinary people. These clients you sign up also can opt to do the business and acquire their own clients which they will earn percentage of their bills and which you inturn also earn a small percentage of their bills. Is this opportunity existent? Is there such a company positioned to give back to the community?
If you want some details you can visit a website www.incomeway.tk and find out if you are ready to get rich slow..
This in my opinion, is a slow but sure way to get rich. However, this is only my opinion, I would welcome other views that you may have.
PrintShare it! — Rate it: up down flag this hub
Comments
Great hub! Thanks for answering my request!
I'm far from a business woman, but I completely understood what you were saying! So, in other words, you just sit back and let the dollar signs build up... Who cares if it takes a few years to get on track! If it's guarenteed, then there is no loss, correct?
There is no easy way to get rich, only hard work and more hard work mixed with good ideas and an open mind. Good hub, food for thought.
Regards
Neil












orionsky60403 says:
10 months ago
Well doesn't it depend totally on what your definition of fast and slow is?
6 months could be fast to one but seem slow to another. It's all perception.