Secrets of the RICH - Slow but sure is the way to go

Philippines
November 10, 2008 7:04am CST
I believe that many of us are dreaming of becoming RICH! You know that through wise management of our personal finances, anybody even payday-to-payday survivors like us can grow his wealth? Believe it or not, you can retire from work well off without resorting to high-risk ventures or illegal gambits. The only way to start growing your money is through prudent saving and investing. Save some 20% of your salary immediately. To make it easier, think of yourself as a company and compensate yourself first before doing anything else. And also instead of real estate or other hard-to-unload properties, consider investing initially in safer money instruments such as gov't treasury bills and bonds. Here, your money stays liquid (i.e you can cash it in more easily if necessary) and earns more than if locked away in a savings account. Find also a mentor to guide you in investing and lastly steer clear of dubious pyramid, and other get-rich schemes that will only fleece you dry.
1 response
@Margarit (3676)
• Philippines
10 Nov 08
I think that is a good point too, but i have a similar discussion of yours that i think it is more comprehensive idea. To become rich you should have all the qualities as well. This is the link for you and you can also comment if you like. http://www.mylot.com/w/discussions/1749978.aspx