HOW TO BE RICH...!
** FIVE EASY Ways To Become Rich **
(1) invest money in the stock exchange.
(2) Change the Way You Think About Money.
(3) Exploit your skill as a self-employed expert.
(4) Understand the Power of Small Amounts.
(5) Gamble.
(1) ** Invest money in the stock.**
Invest money in stocks, bonds, or other vehicles of investment that will give you an annual return on investment
(ROI) great enough to sustain you in your retirement. For instance,
if you have one million dollars invested and you get a reliable 7% ROI, that's $70,000 per year, less inflation.
Don't get enticed by day traders who tell you it's easy to make a quick buck. Buying and selling dozens of stocks every day is
essentially gambling. If you make some bad trades —
which is unbelievably easy to do — you can lose a lot of money. It's not a good way to get rich.
Instead, learn to invest for the long run. Choose good stocks with solid fundamentals and excellent
leadership in industries that are primed for future growth. Then let your stock sit. Don't do anything with it.
Let it weather the ups and downs. If you invest wisely, you should do very well over time.
(2) Change the Way You Think About Money.
One reason that many people never accumulate a substantial nest egg is that they don't understand
money or how it works. This is, in part, one of the reasons that the children and grandchildren of the
wealthy have a so-called "glass floor" beneath them. Just by way of which family they're born into, they receive knowledge and networks that
allow them to make better long-term decisions—often without fully realizing how they're benefiting.
No matter the household you grew up in, the key is to push to move past selling your labor
(work) to making your money work for you. Each dollar you save is like an employee.
The goal is to make your "employees" work hard, and, eventually, they will start making their own money.
When you have become truly successful, you no longer have to sell your labor, and you can live off of the labor of your assets.
(3) Exploit your skill as a self-employed expert.
If you can develop a marketable skill and retain your independence then you can reap considerable rewards.
This is how sports stars, authors and entertainers become rich. In general the self-employed expert has greater
earnings opportunities than one who works for a company. There are risks and you have to have something special. Your success is in your own
hands so this is a popular route for people who have developed a skill and want to strike out on their own.
(4) Understand the Power of Small Amounts.
One of the mistakes most people make when trying to figure out how to get wealthy is
that they think they have to start with an army of funds. They suffer from the "not enough" mentality:
“I don’t have enough money to invest.” They believe if they aren't making $1,000 or $5,000 investments at a time,
they will never become rich. However, armies are built one soldier at a time—so too for your financial arsenal.
You don't necessarily need to become frugal, but small funds can eventually become millions of dollars, as long as you see the potential and start saving.
(5) ** Gamble.**
We hear about lottery winners and poker stars so this approach can sometimes work but the numbers are
so unfavourable that it represents a lousy plan for becoming rich.
You are strongly advised to avoid this method and use one of the first six above.
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