what are the formulae to become rich

First part of the formula is to spend less than you make. Then you need to invest the rest wisely. Absolutely anyone can become rich if they simply do that. Unfortunately, people try to make more instead. If you never learn to save more your increased income just allows you to spend more instead of making you rich.

Bargingirl said it all. There is only one way to get rich and that is as she says "spend less than you earn" Everything we do is dedicated to those 5 words (or should be). It takes commitment, consistency and starting with a goal in mind. Living life by commitment and not by circumstances is an essential part of success. Tim

To begin saving at a young age in a place that will yeald a decent return and never take it out until retirement.

I would say the only way to get rich is to save more than you spend, get an interest-yielding savings account, and don't buy things you don't need.

I believe the formulae has to be discipline, discipline, discipline. First discipline with attaining the right knowledge to help you succeed. Second, discipline with applying those knowledge and start earning. Third, discipline with not overspending.