ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How can I get rich? How people who don't work millionaire jobs make good money.

Updated on March 24, 2013

2 step method: Save and Invest

How can I make money how can I get rich? Rich people all have a few things in common. To get rich, you have to make money and not spend it. Rich people may have a decent job or start their own companies, but for those who aren't aiming to be entrepreneurs working 80 hour weeks, there are other options to get rich. There isn't any need to buy a book about it because tons of current data is available in the online global database, ready for your consumption.

There are two basic principals that will make you money: first, create money. Second, don't spend it. But these are too broad to be of much use. To be more specific, what the average person needs to do if they don't make millions at work, is to have a good financial investing plan. That is the "make money" part of the plan. You can't get rich if you aren't making money, but no one said you have to make that money at work. Plenty of people who become millionaires don't start their own company or have some high class finance job in the business world. Recent policy is looking to make that a bad choice regardless. They are every day people who follow a strict path of frugality and investment.


The Miracle of Compound Interest

How can I make money how can I get rich without working- simply by having money in investments. The historical average of the stock market is a 9.5% gain per year, and many people will do better than that with smart investing.

How can you increase wealth to the point of being able to invest? Well that take some saving. It is possible to buy things like government bonds or single stocks, but the most stable source of money from investments are index funds and other market-trackers. Over the course of 10 or so years, these can yield a big payout. Investing as a get rich strategy means investing for life. This is not a quick plan, but one which will make your money last into retirement and beyond.

How do you get rich and how do I get rich? To start saving up so I can get rich, I will have a 5,000 dollar goal for my initial investment. You made Starbucks and nice cars a part of your life, well it is time to cut those things out for just a little while. The faster you can get this initial money put away, the faster you can get rich. There is something called the miracle of compound interest, which basically is the idea that the more money you start with, the more you will get out of investments, especially as the years go by.

Basically, using made-up numbers, if you put away $100 and make $10 (%10) the first year, you now have $110 in the investment for the next year, so that next year you make more than $10 in profit, because you had $110 based in, instead of $100. But if you'd started out by putting in $90, you'd still only have $99 after a year, so the next year instead of working with $110 you are working with $99. At first, it was only a $10 different in initial investment, but now after 1 year it is an $11 difference, and as the years go by the difference gets bigger and bigger. Think about that.

If just $10 can make such a difference, a few thousand put away now can mean a huge chunk of change later in life. You find that putting money away can be fun when you run the numbers through a calculator and see how much richer you can be in 10 or 20 years because of it.


I can get rich by DIY

Saving up so you can get rich might mean not living in a rich house or driving a rich car or eating rich food, but these things are temporary. Like I said, a little saved now means a large difference later due to that compound interest miracle. So what can you afford to lose? You home in on the things that you don't really need to be buying. Most of us have a bunch, I think you'll agree.

Now, don't go giving up anything that makes you happy or healthy. The point is to reduce costs, not live like a poor person. You can live rich even if you aren't, and without spending any money. There are some great blogs on just that strategy. You don't have to give up your child college fund or family outings, those things are fine to keep in.

The issue is the things that don't add value to life, but eat up money anyway. How can I make money? Try to make a list of these things and then see which you can delete. Some might surprise you. Life management is hard to do, and lifestyle is hard to change, but if you are committed to getting rich, it can be done.

Anywhere you can, delete the middle man and do jobs yourself. Become a fix-it guy or gal. People who do their own work and make things instead of hiring a company keep their money and get rich faster. Don't pay for personal entertainment either. Cancel your magazine month subscription, negotiate your cable tv rates or get rid of it entirely. Look for opportunities to join some extra work self-employed on the side. This won't make you a million, but the extra that you can invest might. Every day, look for finance options and real world dollars that can be put away for later.


The first Challenge.

The first challenge is this: make the list. Make a list of everything you pay for that isn't strictly essential. Even if it is something that you want to keep, put it on. Make the biggest list possible with every single expense on it. Only after that should you go back through and look at what you've spent money on. Balance the value of each thing against the cost in future wealth. Think about how rich you could be if you removed it for the next 10 years. Think about retiring years early and not having to work to make money. Now do you really need that item? How happy does it make you?

Go through the whole list and see what can be taken off, then use the extra money to invest. In this manner, every person in the world can get rich.


    0 of 8192 characters used
    Post Comment
    • Alex Brockie profile image

      Alex Brockie 

      7 years ago from England

      This is a good Hub and it is true about saving money.

    • carozy profile image


      7 years ago from San Francisco

      I love the mindset of saving and investing.. great article!

    • angryelf profile image


      7 years ago from Tennessee

      Investing is a wonderful idea, but like diplorging said; the economy does scare off many new investors. However, it's about investing in companies that are doing well in this economy. Places like fast food joints will never go out of style, and green energy/products are on the rise!

    • diplorging profile image


      7 years ago from Serbia

      This is true. But I think that with this economy, many people are scared to invest.

    • georgialgal1984 profile image

      Penny Pincher 

      7 years ago from United States

      Great tips! We live in a society where we are told to spend, spend more, and spend what you don't have. People don't realize how much money can be saved, when you cut out all of the unecessary purchases. Hope you day is wonderful~


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)