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How can i become rich

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Comments

  • System
    System Posts: 178,167 Community Admin
    10,000 Posts Photogenic Name Dropper
    The way to be rich :

    Earn loads
    Spend little
    Marry money
    Outlive the spouse, and start again. :D (It is recommended you start this process at 16 years of age to get plenty of years in).

    No wonder i never became rich, i dont qualify on any of those points.:mad:
  • the best way to be rich:
    1, Become a specialist in a trade to maximise income
    2, spend only what you can afford
    3, never borrow
    4, appreciate what you have
    [interpreneur]
  • helen21_2
    helen21_2 Posts: 8,092 Forumite
    i think from what i heard recently a prenup in england is not admissable in court, it may be heard by the court but holds no bearing on the outcome


    Will
    Go to america and marry money then :D
  • Murtle
    Murtle Posts: 4,154 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    marry where ever and make sure there is no prenup!!

    then divorce!!!
  • Moorepart
    Moorepart Posts: 181 Forumite
    Tayus wrote:
    how can i become rich?

    Only you can answer your question;)
  • john269
    john269 Posts: 30 Forumite
    Alot of people ask this. Becoming rich is a dream that can become true. As longs as you keep away from any scams and work out your finances plus save then you can become rich.

    The main way that will help you to become richer than what you are now is to work out your finances and also to a little bit of research before spending your money.

    For example, people normally spend their money without doing any research on the product first. If you do some research then you may find that you can get the expact same product from somewhere else for about 5 - 20% cheaper than what you would have brought it for.

    Now that is already a 5 - 20% saving, which you can then put away into a savings account.

    Putting money into a savings account also needs research/shopping around as different savings accounts offer different rates.

    Also, another good way of increasing your money is through the LSE, which is alot more riskier than putting your money in the Bank, but if you do your research and invest it well then you can have a much larger return on your investment.

    The lottery is something that I use to do about 4 years ago plus I use to gamble a little on slots machines and things. Now the lottery and slot machines can make you some money, but there is more chance of you loosing money than gaining so these two options is something that I would not consider. I prefer now to save up the money that I use to spend on the lottery and slot machines and invest it into the LSE and invest it into savings accounts, premium bonds, etc.

    After doing all this, I now actually have some money to my name.

    Another better and good way to become rich is to sit down and think of a good business plan that would work and then set yourself up into business.

    If you can get a good business up and running and make it quickly expand then you can easily become rich from this.
    Tayus wrote:
    how can i become rich?
  • lush_walrus
    lush_walrus Posts: 1,975 Forumite
    Oh completely agree on the gambling, you never see a poor bookie...I think that is the answer to whether to gamble or not!
  • trademark
    trademark Posts: 589 Forumite
    i know the answer to this .......

    it was actually my grandad that told me .....

    look after the pennies and the pounds will look after themselves ..

    yes we have all heard it , but its so true ....

    i prefer to say look after the pounds and the thousands will look after themselves ,

    just another thought .....chase the big money and you will be running for ever , but chase the small money and you will be able to sit down one day .

    there is a million examples i could use but im sure everyone knows most of them .....
  • deemy2004
    deemy2004 Posts: 6,201 Forumite
    To become stinking rich, you need to take risks, calculated risks...
  • john269
    john269 Posts: 30 Forumite
    Taking risks is true. It does help you out depending on what risks you take.

    If you gamble through slot machines and things, that is taking risks, but not the right risks.

    Investing your money in the LSE is also taking risks, but they can result in good risks.
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