How To Get Rich!
October 7, 2008
You will find a lot of spam about this topic online, but unfortunately there are only two ways you can get rich.
1. You get all the money from your ancestors or you win a lottery which is less likely to happen
2. Investement… This is how the rich get rich!
Invest In What?
There is only one way you can get rich and that is to invest. There are a lot of different type of Investements you can do. Stocks, bonds, mutual funds etc… My two favorites are FOREX and REAL ESTATE
The reason I say these two because with forex you have very high returns. You can have about an average of 10% monthly. On good months you can even make 25%.
Real Estate is a must for anyone who wants to get rich. You can’t expect to be rich and not own any land. Obviously you aren’t going to start out with sky scrapers, but you have to start. Start somewhere.
Forex
Knowing how your economy if fluctuating is a must in today’s world. Now if you are going to be following your economy anyways why not make some money off it. Trading forex is simpler than you think and you can make it more complicated than it is if you go the wrong way. You can get a head start about forex at www.babypips.com. This is a very good site to get you started on general knowledge about how forex works. Remember not to get too involved with all they systems out there because nothing works as good as Price Action. Price action is just how the prices move and trading based on this will give you better results than anything else. You need patience and the motivation to trade forex. If you have the motivation to be rich, the patience, and most importantly the right mindset of rich then there is nothing in your way that stops you from becoming rich.
Some links to start out
Real Esate
Just like the founder of Mc Donald said that his proffession is selling burgers but his business is real estate. You eventually will have to own land to become rich. Just owning your own house is not it at all. You house that you live in is a liability. You need to own land that is your assest. I will get into this more in my future posts
P.S. Remember you get rich by building up you assests and not by owning a balling house or a Ferrari. You can ofcourse buy a Ferrari and mansion, but that comes after you have built up financially stable. In other words buying those without being in dept. Also remember you mindset is the most important thing about getting rich because this is what will lead you to your sucess.
For now you best Investement would be some books to increase your Financial IQ.
Some Recommended Books
Rich Dad Poor Dad – Robert Kiyosaki
Investing 101 – Kristof
Zero to a Million – Ryan P. Allis
Real Estate Riches – Dolf De Roots
and ofcourse any book by Warren Buffet is a right one.
– These are just some books to get you started out and you will see more in my future posts.
Have a great day and remember a good way to do things are atleast do one thing towards your success each day!
Lookout for new posts or you can suscribe to the rss link to make it easier to keep up
