Top ways to get rich
Posted on 20. Oct, 2010 by Forest in Budgeting, General, Opinion, Saving Money & Finances
Getting rich is not easy (if you stick to legal means) but it is something that we almost all have a shot at if it’s something that we really want. For this quick article Let’s take a look at some of the top ways of getting rich.
Top ways to get rich
Risky business
I’m not talking about robbing banks here but rather the quick route through high risk investments in business and fast paced stocks. If you know your stuff you can look at taking this route to riches but it really is an all or nothing kind of thing that I am far too faint hearted for.
Medium/low risk, spreaded investing
Think people like Warren Buffet here. I am sure he took some risky bets but generally his wealth was built over time and if you keep at it you can do the same with your investments. I think this is the best way to play with investments and I personally know many people that are very well set in retirement from the investments choices they have made throughout their lives. This post on the best investments has some excellent tips.
Get your 15 minutes of fame
You don’t have to be a mega star to get pretty rich. Reality TV stars that have just 10mins of fame are coming out of it with massive lump sums and if you are prepared to make a fool of yourself or do something outlandish to get your name in the world you could land a significant sum of cash in a short time.
Move to a cheap country
Money is relative right? Well you can move to somewhere like Belize and live like a king on far less cash. If you can earn your money remotely or have some vast savings you will go from well off to extremely rich.
Work like a dog!
If you can work 3 jobs 24/7 then there is no doubt you can pile the cash away and may be raking in your first million in no time. The question is will you have the health to enjoy your riches?
Invent a new social media platform or web phenomenon
MySpace used to rule the roost but then Facebook popped out of nowhere, the Twitter. It’s easy to think all ideas have been covered but even very recently the fellow who created YouTube Instant landed a lucrative job with Google. If you just put your mind to it you could innovate a new social network vehicle and make your millions!
Act like you are poor
This is my favorite path on the way to riches. Just learn to live in the most simple, easy and frugal way. You may have to get used to being called a tight wad but 20 years down the line you will be laughing when you can lounge by the pool and kick back living on your riches.
What does rich really mean?
It’s easy to write this kind of article and just concentrate on money. Seriously the ideas above are just a bit of fun. However the word rich to me does not even conjure up money. Being rich to me is more a state of mind about where I am in life. Of course I want to be comfortable with money and I am working on that but most importantly I think the richest man / women in the world is the happiest.
If you can strike the ideal balance between work / life / friends and family and find a way to comfortably enjoy all areas then I really feel that is the top way to get rich.
What do you think?
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12 Responses to “Top ways to get rich”
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Get Happy Life
22. Oct, 2010
I like your ideas
As I am on my way of getting rich, I prefer working like a horse (with not 3 jobs, but 1 regular and 1 occasional) and acting like I am poor. Fortunately for my goal, I already live in a cheap country but my income is quite high.
However, I do relate the word “rich” with “money” and “happiness”. I believe those connections are natural.
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Forest
24. Oct, 2010
Absolutely Get Happy Life, work hard and live smart but don’t make money no1!
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Get Happy Life
01. Nov, 2010
I know money isn’t everything, but there is a special kind of pleasure every time I make and/or save money.
Have you felt that?
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Forest
07. Nov, 2010
Saving gives me the best pleasure but it’s mainly because I am paying down debt. Of course I enjoy spending it too.
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Khaleef @ KNS Financial
22. Oct, 2010
I think that a combination of these things will work best. You may work like a dog for a few years, and then maybe try something a little more risky, while being frugal at the same time.
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Forest
24. Oct, 2010
Hey Khaleef, I think life has to take turns like that anyway so as long as you are smart all along you can keep on the right track.
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Tim @ Faith and Finance
22. Oct, 2010
Hi Forest – first time to your blog. I found you on Yakezie and jumped over here.
This was the first post I read – wanted to find the most intriguing post : )
Very good stuff – I used to think making a lot of money made you rich, but I’d much rather have time. Being rich with money is nice too : ) but when you have that balance – life is good.
Nice to connect with your blog – I’ve added it to my google reader.
Tim
@FaithFinance
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Forest
24. Oct, 2010
Hey Tim, thanks for stopping by.
Time is worth more than money as it’s something you can’t earn more off very easily!
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Get Happy Life
01. Nov, 2010
Yes but having money often replaces us in doing the job ourselves, so spending money frees you more time…
So money is time-saver, but you need to spend time to earn money , so it’s kinda magical circle…
The important thing to consider is what is worth spending your time on in life… Amazingly, but many people don’t know their own purpose.
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Forest
07. Nov, 2010
Money can be a time saver but often you can cut out a lot of jobs from your life too.
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Caolan Patrick @ Wealth Creation Expert
10. Jan, 2011
Thanks for sharing your ideas. Everyone dreams to become rich, but it is not enough to dream big, without doing anything to make your dream possible. All you have to do is to choose the one that suits you most and do something to about your dreams. It always begins in always believing yourself and believing that you can achieve your goal. You need to have a positive mindset and outlook in life.
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Forest
11. Jan, 2011
You are 100% right Caolan, thanks for the comment.
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