How to get rich, GUARANTEED

I will not lie to you. The simple truth is that if you

weren't born rich this is not going to be an easy

process. You have to know what you really want, how you

want to live and you will have to have the ability to

keep this in mind everyday for years on end. I'm so

tired of these money for nothing, rich overnight ads I

see propped up all over the net. So I present to you:

absolutely free and guaranteed advice on how to get rich

from someone who has succeeded in going from an empty

ghetto apartment, terrible credit and a serving job to

just shy of one million in ten years. The best thing

about this is that the journey will train you for how to

behave once you arrive. This will take 7 to 18 years.

Difficulty: Challenging

Instructions

Things You'll Need:

• a source of income
• self control
• moderate intelligence
• common sense

1. WHAT DO WE MEAN WHEN WE SAY RICH?
   
   Joe blow wins one million dollars (after taxes) in the lottery and he exclaims: "I'm rich!" Whether he is or not depends entirely on what he does with that windfall. If Joe pays off his creditors, buys a nice house a new car maybe some gifts for his friends and loved ones, Joe is certainly not rich. Joe should've put his money to work for him. Not with high risk commission stuff; my great grandfather told me never to invest in something that I can't understand. I'll tell you what anybody could understand: ten or eleven high yield CDs (so that your money remains insured by the government) that'll deposit the interest directly into your account, A diversified portfolio of low risk mutual funds that have a proven track record of being slightly above bank rates. Don't just research the fund’s performance but research the guy managing it. What else does he do? What else has he done? How long has he been at it? Is his performance consistent? Joe should find as many low risk high yield instruments as he can and spread his money over all of them. These will produce solid, predictable returns that'll serve to free him from the working class thus making him rich. Joes returns could fluctuate between 3% and 10% per year $30,000 and $100,000 respectively. If Joe invests his principle, lives off the interest then Joe's money is working or him and I can guarantee you that it'll never be out of a job. The rich don't have to worry about what they buy because they can purchase whatever it is without using any of their wealth. The average person, an indentured servant, basically makes all of his or her purchases with his wealth. So we can define wealth as 1: The ability to live without touching your wealth, and 2: freedom producing power. If I have $10,000 in a savings account making me $300 a year, but I'm spending nearly $32,000 a year on luxury foods, coffee, clothes, movies and drinks at the bar I will never be rich. It is only at the point where my interest grows larger than the amount I spend per year that I can truly start to think of myself as rich.

2. GET OTHERS TO GIVE YOU MONEY.
   
   Another thing that you can think of as a low risk investment is procuring items or property that others will pay you to use, the less consumables and upkeep involved, the better. This produces a situation in which others are basically giving you money. An example of this would be if you bought an electric table saw and charged people to use it. I once bought I house and then sold it later for less than I bought it for. Sure the house depreciated in value but not enough to rob me of all the equity afforded by the combined $700 a month that my two buddies were paying me for their rooms. It’s like they were helping me save money. Ultimately, I walked out of the whole thing ahead. If you are smart with real estate you can really make a lot of money. Don’t focus as much on whether the property will generate income every month. You should do your research and focus more on steady growth or even historical resistance to declining property values but most importantly you should focus on how quickly and easily you can get it and keep it filled. Yeah you may need to shell out a little more for a popular part of town but its only another year or so you'd have to wait to get the extra money together if you are saving everything (never use ALL savings on buying a property that you do not plan to live in).

3. YOU CAN'T AFFORD LUXURIES (THAT'S WHY THEY'RE CALLED LUXURIES).
   
   You must save every penny aside from bare necessities. This is the real gist of it. I know it sounds painful and it is. I pretty much ate beans and rice for six years and I'll tell you it seemed like an eternity. I never went out, I didn't have any friends, all my clothes were falling apart, I lived in crappy places, I didn't drive, I even stole all my toilet paper from businesses nearby. It was the worst six years of my life. But you know when I consider that I'll get to live the rest of my life (45.64 years if I reach expectancy) the way I live now or better it was ABOSOLUTELY WORTH IT and I would do it again in a heartbeat.

4. 

   MAINTAIN EXCELLENT CREDIT AND USE IT FOR CREDIT CARD ARBITRAGE.
   
   This is another excellent low risk way of making a lot of money (and it’s a fun way to get yourself to start saving). Take a 0% apr special offer from a credit card. Max it putting all the money in a high yield CD for the same term of the offer. Make minimum payments on the card. When the CD term has expired pay off the card and close it or cut up the card but leave the account open. You don't want too many open accounts but 2 or 3 will have a positive effect on your credit standing. Make sure to rotate open accounts as you continue with the process. As you continue this process and build your credit standing (as well as your net worth). You'll find that you can actually start to make quite a bit of money with this process.

5. BUY YOUR WEALTH AT A BARGAIN DISCOUNT.
   
   In the first step we established that rich = 1: freedom and, 2: the means to live without touching your wealth. Right now I am able to travel all over the world. I can live anywhere I want, afford an apartment, necessities, restaurants, dates and stuff--- yeah I still have to budget but my money is growing and for me a $30,000 average is rich. I'm happy, I feel free and I don't have to touch my actual wealth (which allows it to do what it does best: make me money). You have to decide for yourself how much you need to be rich. Do the research, estimate on the basis of your investment choices what your average APR is going to be and figure out how much principle you'll need in order to achieve your income goals and still leave a little rollover so that your principle (thus your wealth) grows a little faster than the rate of inflation. For example if I had to have an income of $50,000.00 to be rich and I knew I could get average 7% with my investments then I divide $50,000 by 7% and get $714,285.71. Let’s overestimate inflation at 4.5% annual (meaning your principle must increase by at least $32,142 each year). Altogether you need about 1,175,000.00 at 7% to live your dream with relatively little risk of it ever having to end (that is, at least, until you do).

6. CONCLUSION
   
   I have always thought of life as a series of traps. I find, unfortunately, that money is the quickest and easiest way to get out of most of them. No matter where you are now, you can be 100% free. You are only some quantifiable amount of money away. The ability to name this price, to know exactly how much you need to achieve your goal gives you a valuable key to reaching it. It will merely require time and dedication to these goals. Nobody wants to live under awful conditions for years at a time. but I found it helpful to think about some peoples of the third world, prison inmates, prisoners of war --- These are people who live under far worse conditions than it is likely that I'll ever experience and if one of them should one day find that his or her ordeal has finally ended that in and of itself is the only reward. You will be suffering for a great cause, namely to purchase your freedom. Resign yourself to it. Another thing nobody wants to do is to have to spend everyday thinking about money. I am forced to think about it far less now than I ever was before. I am free to live the rest of my life without ever having to wonder where the money to fund it is going to come from. I expect to be a millionaire within the next two years. I can, in fact tell you the date upon which it'll occur.

Tips & Warnings

• Rollover is a part of what it means to be rich without it your wealth will stagnate and it as well as your income will be worth less and less each year. Your quality of life will deteriorate and you'll be forced to go back to work.
• Always remember that you are only a dollar amount away from hurdling any obstacle on your path to freedom. If for instance you have terrible credit as I did read my old how to on fixing your credit (recently posted also on eHow).
• Be conservative with your investments. If you want guaranteed riches avoid high risk investments like get rich quick schemes, leverage trading, lottery and bogus seminars or wealth building systems. These can leave you absolutely broke. The more money they promise the higher the risk that the investment will not return. Real wealth most likely costs more than you can currently afford. A person who makes real money in some niche market would never sell you the secret as he/she knows that popular demand drives price action. This is true in any market. If, for example I had some secret source of Trinkets that made it possible for me to undersell everybody else and I revealed this source to everyone in an informative eBook I would soon be competing with others who had the ability to under price me (and there is always some awful schmuck willing to do it for less) eventually we would be forced to compromise any profit margin into oblivion. Even the demand for my eBook would eventually be nil! Secondly, if I were truly rich from anything other than selling you crap information I’d be busy being rich or engaged in the very things that made me rich, not selling you information -- that is of course unless the information IS 'sell information'.

Resources

• Law of 72
• Great Interest Calculator (DON'T INVEST WITH THEM THOUGH)

[mattena]

on 12/11/2008 Hello i have lived a low life for along time.I have started working since i was 17 years old.I started at a young age because my parents were on debt so i had to help and make my own money.It was though working right after school then going home at ten then sleeping late just doing school work.Now i have a kid but i stopped working cause my daughter was always getting sick.please can you guys help me am also tryig to pay for my hospital bills till now with the child support am getting.

[jdarling86]

on 8/27/2008 Very nice article. Great advice. I have practiced almost all of your steps down to a T. Everything has worked for me...I'm now 22 years old, own my vehicle and looking to start buying houses to rent. Make your money work for you and be smart about who you affiliate yourself with! Overall 5 star article!!!

[brandocommando]

on 5/8/2008 i will definetly agree with this guys advice. im only 19 years old and have been on my own since 17. I did everything that he is talking about in this before i even read it..besides the credit cards in the high yield cds. i would use toilet paper from work resturants..ate food that cost nearly nothing and sat at home doing alot of nothing but playing games and thinking of how to make my low income great.i came to the conclusion that if i can take my income use my money on cheaper things and only what i needed that the extra cash i had would make my 9 dollars a hour equivalent to someone making 20 or more a hour. I also got no intrest credit cards on my 18th b-day and use them for only things i needed (gas,food) but i would put what i spend on the cards in my savings account and earn a bit of intrest and Pay the card off in full at the end of the month. doing this i was able to recieve a