How can you be rich?

Philippines
December 16, 2009 7:25am CST
i read a small book this morning about learning steps in obtaining wealth. it shows interesting topics and even gave inspiring stories from those who started from nothing and became billionaires! i always wanted to become rich (who doesnt want to?) but kinda confused until now on what could be that thing that will make me become one. How bout you guys? can you tell exactly what you must do in order for you to achieve great wealth? what could be it or how will you do it?
1 person likes this
17 responses
• United States
18 Dec 09
I am currently reading a book written by a millionaire called "The Unemployed Millionaire" by Matt Morris. Another good one is written by Alan Corey. The difference between the two guys is that Alan Corey became a millionaire within 6 years from 22-28 years old. They both own their own business and do their own thing. What the rich people do is besides just owning their own business, they are pretty frugal with their money unlike the myth that they spend them like crazy. I used to thought they do that but not amymore. I do like the fact that anyone can be rich but it just boils down to whether you have dedication, forget negativity, and the mind is a work of art when it comes to whether you will make your dreams come true. A lot of lottery winners ended up going back to being poor or more poor than before because their mindset prevented them from staying rich so tehy do really stupid stuff such as wasting all of it away and not invest them in any kind of business whether it is in stock, 401k, real estate, etc. Robert Kiyosaki is another good mentor that I like to learn from and I have some of his books as well. I am considering buying some more investing and business books from my SFI but need to bring my income up more. Wish me luck and I wish the same to you too. And one other thing. You have to know what you want to do wherfe you are going to be passionate about where you don't consider it a job but something that you love to do. I hope this helps as well.
• Philippines
18 Dec 09
wow lauriehomebusiness that's wonderful! ever thought of publishing a book of your own?. you really sound inspiring with your response! i wish you all the good lucks and you bet, i'll always remember your words of wisdom. im so glad that you dont just meet new friends here on mylot but you learn a lot of things everyday.
• Philippines
22 Dec 09
you bet lauriehomebusiness, it will be a bestselling one! i would highly recommend it here in our country should you come up with one and publish it. i would even brag about it telling them that 'hey, this is my friend's bestselling one! kidding aside, why not give it a try?
• United States
23 Dec 09
Thanks. lol Someday, I might get myself to get started on writing a book. In fact, I think the route to start off for me is to do a ebook since first of all, anyone can download the ebook after paying for it instead of people who have to purchase the book at the store where out of my own funds, have to pay the book publishing companies. I wouldn't mind doing that if I was rich enough to do that. I think that for now, being a student and not being a teacher yet will make me a better person to educate others later on down the road. I am still reading "The Unemployed Millionaire" which his suggestions for some are interesting but I already know some of these ideas that he mention. I am located here in the US and for now, I need to concentrate on learning how others do it too.
@zed_k4 (17589)
• Singapore
17 Dec 09
Rich monetary wise; to me can be obtained by having a successful business. It is pretty much so, if not, there's no chance of being rich. Unless one has a very high paying job and saves money aplenty to be able to buy things that can be said that he or she is rich. Like having their own apartments, cars, other sorts of properties and stuff like that. But there are also people with not many material things but they are also rich because they learn to save early from young. And some feel they do not need money rich, because they are already rich with love and just being able to live simply is the best for them.
• Philippines
17 Dec 09
Good point zed_k4! its nice to hear from you again. oh i just cant wait to find out what could that business be. i mean, i have a lot of things in mind but cant really get things started. but i think i should start from my niche. i also consider those things that you mentioned but try investing on those properties maybe after i have earned and save a lot. and its true that some people stay contented with their life being simple. although for me, it is good to feel that you are rich and contented.happy mylotting!
1 person likes this
@zed_k4 (17589)
• Singapore
18 Dec 09
I hope all of us will get to realize our dreams someday and having the opportunity to live it. It's great to be happy and rich; I agree. And also to be in the pink of health. Sometimes, people become rich due to inheritance, or due to a great career and also some because of their business venture.
• China
17 Dec 09
I dream of becoming rich and I am trying to do it.I wanna establish an interprise,my own company.
1 person likes this
• Pakistan
17 Dec 09
hi I also dreamt about being rich. but now finally i have found a way to do that. No matter hard work is always the key. But my method is really good if u r a completely dedicated person.I started foreign exchange currency trading after completing my MBA. As compared to equity markets, this market never goes down. No matter what happens, one currency always gains and the other one loses value. So you either a winner or a loser. Its not gambling. Its a very difficult field. But everyone without a finance degree can participate and invest in the forex market.You have to learn alot but at the end of the day you will get paid for your hard work and dedication:)
• Philippines
17 Dec 09
thats cool nskhan1983! is this kind of strategy the same as that of lealuvy2j on stocks market? i really wanted to understand how things are going on these strategies. any idea on where should i start learning? sadly, i have a zero knowledge on this
• Pakistan
18 Dec 09
Hey i can help you learn the forex basics and even open an account with one of the top 10 online forex broker. send me a private message with your email adress in it. Forex is basically a currency trading platform. and the traders use thousands of strategies in order to make profit. Its not very easy to learn. People wor hard on it and come with their own strategy or tools, so this way they not only make money thereself but also sell those tool and techniques to others. So its a too way business once you really become an expert. Initially you make one or half a dollar when a currency rate change the 4th decimal place.like if USD/CAD moves from 1.0699 to 1.0700 and you have bought USD against CAD or canadian dollar, you will earn 1 dollar and vice versa..Well hard to explain it over here..Send me your email. good luck:)
@StevenZhu (198)
• China
18 Dec 09
Sorry, maybe my opinion falls out of your expectation. For a long time I know I won't be a rich man, or I haven't the fate to be wealthy. I just an common person, neither have talent to invent some useful productions nor have brave to rob money, only keep my life away from starving is enough. Except money, there are a lot of meaningful things need to do, to be volunteer to devote the society, to travel to find out beautiful scene to purify your heart, to read historical book to make you wise, or to hang with friends to share joys. Just let money serves you, not let you serve money.
• Philippines
18 Dec 09
that could be mindsetting stevenzhu. if you always believe that you wont, it will never really happen coz what your mind can conceive your body can achieve. you cant really blame it to fate neither your knowledge. it will always depend on how persistent you are to achieve your goal. nevertheless, i salute you with your response because it only shows that money doesnt really matter that much but having a very meaningful life.stay happy always!
@xJaiiDK (163)
• Philippines
17 Dec 09
I think there are a few similarities with those billionaires we know. These billionaires have set their goals way before. Other similarities they do have is that they have determination, they work really hard, and they dedicate their lives to their stuff. (these are common to those who started from scratch, not from those who just get their money from their departed parents) LOL.
• Philippines
17 Dec 09
true xjaiidk! determined to reach their goal no matter what comes their way. i remember one story of this rich man on his humble beginning where he always travel to the city by sea to buy products that he can sell afterwards on their town. there was one time when the boat they are riding sinked! good thing he bought numbers of tires which all float saving not only the merchandise he's gonna sell but some lives of the people who hold on the tire to get to the seashore.
@reysingh (19)
• India
16 Dec 09
there is only one way if we have to achieve this target we have to work hard keep focus in only one target instead of many
• Philippines
17 Dec 09
that is definitely right reysingh! we really need to focus we cant do too many things at the same time or our efforts will end up wasted. working hard with working smart is a good combination i think.
• Philippines
16 Dec 09
I agree. work hard, prayer and determination.
• India
17 Dec 09
Its funny, every rich man started with rags - rags to riches! I think fate has something to do with riches. If you are lucky you will become rich, or else go around wearing the rags.
• Philippines
17 Dec 09
that makes sense chanchalpal14!
• China
17 Dec 09
hard work is needed plus with the good luck as i read other's become rich story. we can always work hard and learn hard to prepare to catch every chance we can be rich later.but other's rich story can't be helpful actually and we still have to work that out for ourselves.
• Philippines
22 Dec 09
hardwork indeed celebratelifeh. others include some smartworkand even try to explore on new things that they feel like hitting the market once done. attitude that is. in any which way you say, its always a positive thinking on their side and never felt pessimistic at all.
@Jakywoo (102)
• China
17 Dec 09
By hard working, and first of all you should have full knowledge storage.Maybe fortune is one important factor.Just private idea.
• Philippines
17 Dec 09
yah jakywoo its really hard work, hard work and hard work! some even say hard work and smart work when combined results to becoming rich. still the bottom line is never stop working to get into it. thanks for your response jakywoo and i hope to hear more from you.
@lealuvy2j (1986)
• Philippines
16 Dec 09
I am not a millionaire but I am planning to be one. lol. My plan is kick my investments up a notch. I am currently investing on stocks and mutual funds and I also have an online business. If my investments are stable enough for me to make a living on them, I will quit my job and be a full time entrepreneur because it is very unlikely that I will become a millionaire while I am an employee (unless I win the lottery of course. lol.) The richest people in the world are wither businessmen or investors so it is pretty obvious that this path is the clearly marked path on becoming a millionaire.
• Philippines
17 Dec 09
cool lealuvy2j! i even consider investing on stocks but honestly, i dont understand how things work there. my brother used to work in stock exchange but i never bother asking him on how deals are being done. and investing on stocks is a good money making strategy. Goodluck and hope you hit the right stock!
• India
17 Dec 09
HI Friend I am one of them who want to collect huge money, but like you I am also in search/waiting of right option and time,in my opinion only the way is work hard till You didnt got them , hopefully one day God give His great support to us for achieving it in Life. Have a nice day
• India
17 Dec 09
"Rich" by keeping concentrating on your "Aim" whatever you want to Become and Progress and Innovate in that Field and Show your Class in that particular Field. Secondly you might think from Internet or some cheap or easy and fast way to become Rich then Sorry Friend,There is no Shortcut in the Life to Become Rich.Yaa if you are only a son of Business man like Bill Gates,Dhirubhai Ambhani,etc. you can expect a Good Luck for yourself otherwise "Hard work" is needed to Achieve that "Goal". For Further more understand How to Become Rich I've posted a Discussion on Topic "Law of Attraction" in our Life.Read that you will get Benefit out of it!
• Philippines
17 Dec 09
ive read about law of attraction on the "Secret" book. it is a very good book as well. i have proven some of it myself. il try to look for your post on that topic. thanks sahilpadhiyar20!
@wandry (72)
• Indonesia
17 Dec 09
focus is the only key friend. In order to achieve that goal you should now your capabilities first, what are you doing right now, and find good method to achieve the target. You should motivate your self and try to focus and patience in your job now. That all can be done through a lot of time and hard work, you should also read the past story from the wealth people in the book that you read. They must be pass a hard time and focus to change their life. So, do the best in your activity right now, to get better result in the future. Never give up if you meet or face some problem.
• Philippines
17 Dec 09
i like that wandry. being highly motivated keeps you enthusiastic at all times into whatever field you are going into. you will never feel bored because of you carry with you a very high spirit. and yes its true that you will get inspired from all the stories of different people who worked their way there and make it. who knows, you'll be the inspiration of the new generation one day. Goodluck!
@magtibaygom (4858)
• Philippines
17 Dec 09
I am not yet rich but I'm on my way to becoming rich. My advice for you if you want to become rich is, follow the steps of the rich. I suggest you take also the advice of "Rich Dad" by reading Robert Kiyosaki's book "Rich Dad, Poor Dad" (What the rich teach their kids about money that the poor and middle class do not!). Then apply what you will learn. Good luck to you, and see you at the top!
• Philippines
17 Dec 09
yeah i read that book also. it really is a good one. i like your sound of becoming rich. its good to meet friends here who has a lot positive attitude towards success. hope to hear more from you magtibaygom. and dont forget to reach your hand should you make it first on top.
• India
16 Dec 09
hey becoming reach is the dream of each and every one. every one want to earn a lot of money. but that quality is within you and you can improve it a lot. i am engineering student and going to do job in a firm. but this is only the way to live and not to become millionaire. after doing job for 1 year i will go for MBA course. it will pay me at least 12lakh per annum. even then it is not going to make me millionaire. if you want to become millionaire then you will have to do work for that not only dream for that. you can dream but you each and every work of the whole day should lead you to be millionaire. that is the only way to be an millionaire. happy mylotting
• Philippines
17 Dec 09
its good to hear that you have dreamed of becoming rich at your early age. i never thought of it when i was a student. well maybe because im a working student then and doesnt have exact plans yet but to work to finish my course. goodluck to you shambhukumar.
@edu4625 (188)
• United States
16 Dec 09
Well, I'm definitely going to be reading the responses! I have read many books myself about how to obtain wealth. But I'm still not rich so I think I missed something or maybe I'm not motivated enough. Really I think that's it in a nut shell. Are you truly motivated to have a lot of money? I think deep inside most of don't really want to do the tremendous amount of work that it would require to be rich. We probably recognize that the things that are really valuable are not for sale. Being rich is just a fantasy or dream that we like to continue dangling in our minds like the "carrot" in front of the donkey. Having said that I still like having money. I'm anxiously awaiting all the incoming responses to see what others have to say on this subject.
@apple36 (15)
• China
16 Dec 09
I always want to become rich.But today,I was informed a very bad news,my salary is just added 3% in coming year!?I even can't believe it when my boss told me. How can I buy a department? So I go to mylot......
• Philippines
22 Dec 09
better than nothing! who knows, they may decide to add more on the first quarter? just keep on going and doing what you think will impress them on your job and for sure, youll get their attention.