How to get rich?

hunninicki

Don't be disappointed about the job, think of it as their loss and your chance to shine somewhere else, and as you become a rich young man, well you can just laugh at them, have that thought and keep going.

Go to uni, and enjoy it but planning ahead is key, I'm starting now.

Really impressed with your attitude though, this website is great as offers so much advice, so keep going and looking at the site and seeking advice.

Goodluck :T

davidjwest

Immaturity wrote: »

Would you not suggest investing in property, shares instead and recieve dividends etc.?

Property is safe up to a point but you need to be aware of the fact that there is a right and a wrong time to buy - also houses can be expensive to maintain and you can have problem tenants etc so it's not the panacea that some would have you believe.

Shares are great as you can invest relatively small sums of money so if the worst comes to the worst you've not lost all that much - the same can't be said for property as that tends to be expensive.

I'd recommend you open a fantasy share portfolio and have a play pretending to invest real money and see how you do. You can learn a lot by doing that and then when you feel confident and have saved some cash up you can invest for real.

hunninicki

Hi,
Where would we get info for the fantasy shares?

I would love to do this
Thanks

davidjwest

hunninicki wrote: »

Hi,
Where would we get info for the fantasy shares?

I would love to do this
Thanks

You could just go onto Google Finance or Yahoo Finance etc and pick some shares to add to your portfolio, making up your own rules such as limiting yourself to £10,000 for example.

If you search for "Fantasy Share Portfolio" you'll find a lot of sites offer this for free.

If you want a tip then I've got shares in Frontier Mining (FML) which is a copper and gold miner based in Kazakhstan. Current price is around 5p a share but I'm expecting them to be over £1 when they hit full production by 2012/2013. This isn't guaranteed of course so don't invest without doing your own research and then only put in what you can afford to lose!

davidjwest

Spaggledboggz wrote: »

I'd suggest selling goods on ebay, just see what you can get your hands on, however you do it doesent really matter, the filth are utterly useslss l

Buying things from car boot sales to sell on eBay can be a good one - I know someone who used to buy boxes of books from car boots and sold them separately on eBay and when she found the odd first edition it did make quite a bit of money for her.

davidjwest

Sorry to keep going on

I was listening to the radio this morning on my way in to work and another idea for you would be to consider training as a plumber etc for something else to fall back on.

I'm not sure what the training is like but you might be able to get this for free and possibly even do a night course alongside University. You have a great opportunity at your age to get qualified and as you get older this opportunity becomes less so try to take it while you can.

If you have qualifications as a plumber etc you can earn a decent income from that in case you have problems finding a job that uses your academic qualifications.

One other thing I'd advise is not to get too obsessed by income as you'll find that time is also very important. I'd rather be earning £100k a year with a fair bit of spare time than £500k a year and working my butt off!

Maybe that's just me though

shmeeko69

Most of the top world earners didn't go to college or university & are not "A" class students either.

In my opinion what you have to do is read up on what makes these people tick & is there a common denominator to their success.

If you ever watch Dragons Den then, you will see that they have all taught themselves to expect results in everything they do & have programmed their minds for success. They still work 12 to 14 hour days & yet they are all multi millionaires and certainly don't do it now for the money, it's the passion & determination to succeed in what they do which drives them.

Who would you rather listen to or read up on, the guy down the pub who tells you that, he knows a way to make a ton of money online or a proven entrepeneur (you decide).

What I find effective on a smaller scale is affiliation and getting attached to in demand products through Clickbank & Amazon & sending alot of clickable links to your affiliate products & from that potential sales.

Another great way is to list build. Basically you have your chosen affiliate product for sale, but you have a free ebook or report for the reader, which you wrote yourself & is informative, in return for their name & email address, this requires a landing page. This is a great way to get future sales, by sending your aquired list to related offers in your targeted niche.

Best of luck on your endeavours.

Mark :beer:

kermitfrog

Immaturity, if you wanted advice about becoming a surgeon, would you ask a plumber?

Rich people don't have the time to waste on message boards, and if there are any here, they probably didn't achieve their wealth by working for it. So you have to ask yourself, 'If all these people giving me advice are so clever, why aren't they rich?'

Some will probably reply that they could have been rich if they wanted to, but they couldn't be bothered; it wasn't that important to them. Others will say that you don't have to be rich to know how to become rich. Do you believe them?

If you are capable of becoming rich, you will go out and do it. If not, then you will join the rest of us who don't have what it takes but choose to work hard and achieve a reasonable standard of living.

basscadette

shmeeko69 wrote: »

Most of the top world earners didn't go to college or university & are not "A" class students either.

In my opinion what you have to do is read up on what makes these people tick & is there a common denominator to their success.

If you ever watch Dragons Den then, you will see that they have all taught themselves to expect results in everything they do & have programmed their minds for success. They still work 12 to 14 hour days & yet they are all multi millionaires and certainly don't do it now for the money, it's the passion & determination to succeed in what they do which drives them.

On the money there. That's exactly what Andrew Carnegie said got him where he was - no doubt at all about his future success and a clear picture of the person he was aiming to be. The rest just followed to bring his daydream into reality.

Read up on people who have made it big - Alan Sugar, Andrew carnegie, Henry Ford, Richard Branson. You will even find merit in reading about Tony Blair - his sheer, obnoxious determination is both detestable and admirable at the same time. And he's not short of a few bob.

At the end of the day, know what you want, go for it and always believe you will succeed. I am realising this now as I approach my thirties - just wish i'd realised it at your age.

leahciM

I notice that nobody has mentioned an specific jobs yet - move to London, get a job in recruitment or futures trading, work 12 hour days for a relatively low amount, learn the ropes and start making decent money, become a millionaire by 30.

Do it in this order. It's worked for a bunch of my friends that I was at school with. One of them has just bought a £350k flat.

Of course, the downside is that you will become morally reprehensible scum, but if you want to be rich, there's no better route imo.