This article will give you tips an advice on how to get rich the way the wealthy get rich. So listen up....
Things You'll Need
- Financial Intelligence
The first step is simply to spend a lot less money than you make. This is hard for a lot of people seeing as they are so materialistic. If you can go without certain luxuries in life like a new car or that new iPod and be disciplined with your money, then you can save more money and increase your chances of getting rich.
Another great way to gain wealth is by starting your own business. There is nothing better than being your own boss and the amount of money you make is directly related to how much time and effort you are willing to put into your business.
Your goal should be to create as much passive income as possible. The best way to do this is through acquiring or creating assets. Things like owning rental properties, having patents or royalties, or even writing for sites like eHow, are a great way to help you attain more passive income.
It helps to invest in the stock market as well. If you have a long time horizon before you retire and you are patient and disciplined, you can make a large lump sum of money in the stock market over time. I personally prefer to invest for the long term, in blue chip companies that pay out handsome dividends and are going to be around 30 years from now most likely. Companies like McDonalds, Nike, or Walmart come to mind.
Tips & Warnings
- These tips are sure fire ways to get easy, the logical way