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Step 1
The rich don't work for money:
The rich work to build assets that will make money work for them. -
Step 2
Know the difference between assets and liabilities:
Assets- put money into your pocket.
Liabilities- take money out of your pocket. -
Step 3
Mind your own business:
Manage your own accounts, create your own business, have your own investments. Seek the advice of others, but know your business.
Investment vehicles:
Business
Stocks
Bonds
Mutual fund
Income producing real-estate
Notes (Iou's)
Royalties -
Step 4
Own your own corporation:
Own corporation: earn-spend-tax
Work for corporation: earn-tax-spend -
Step 5
Live below your means first, then when you get rich expand your means.
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Step 6
pay yourself first- Tax yourself on every dollar you earn. Get 3 piggy banks, One for savings, investing and tithing and put a dollar in each bank.
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Step 7
If you want to be rich print your own money. When I say print your own money, I'm not talking about counterfeiting, but ways of bringing in money. Receiving passive income from e-book, articles and affiliate programs are all examples of printing your own money.
Comments
gettingrichfast said
on 8/3/2009 What is the Science of Getting Rich about? Well in the words of Wallace D. Wattles, "The ownership of money and property comes as a result of doing things in a certain way. Those who do things in this certain way, whether on purpose or accidentally, get rich. Those who do not do things in this certain way, no matter how hard they work or how able they are, remain poor. It is a natural law that like causes always produce like effects. Therefore, any man or woman who learns to do things in this certain way will infallibly get rich." The Science of Getting Rich is all about teaching how to do things in this "certain" way to create wealth.
http://www.thesgrprogram.com/online/lessons?a_aid=50d885b6
sullysee said
on 7/25/2009 Creative steps to getting rich! 5*