Wednesday, February 4, 2009

How do you get rich and live like this

I cant see how some people are soo wealthy. I know this guy who lives in a really nice neighborhood his house is like over 1 mil. I DREAM of living like that. Being able to give my kids anything they want because you have so much bank.What kind of wise career choices would there be to live big?
      Answer1:googleforbes list of richest peopleyou will see that a lot of them have degrees from Harvard Business School.Luck is opportunity waiting for the moment of your education preparation./
      Answer2:stock broking, investment banking, entrepreneurship, sports star, lottery, there are loads of ways to do it, doing it is the hard part though.
      Answer3:75% of people who live like that in the US inherited their money. So go pick a better set of parents. 8^)Of the rest, your best bet is to graduate from an Ivy League university in the top 5% of your class, in a field like medicine, law, or finance. Then work your butt off and rise up the hierarchy. Make some good contacts, then get some investors and start your own firm. But it depends not just on hard work but also on luck.We have a very persistent myth in the US that anyone who works hard enough can get rich. While it does take hard work, it also takes a certain amount of luck. It means not just going to the right college but also the right high school and elementary school. So you still would be much better off if you were born well-off so you could get good schooling when you were young.
      Answer4:To get rich I think you can either:* Choose a career path and stick with it so by the time you retire you have plenty of money if you spend wisely and invest. Thats possible with any job that has upward mobility where you can eventually get the position right above you. Trouble with that is it takes too long.* Come up with something new or a new way to use something old. Reaching customers is no longer that hard in the 21st century, its more what you have to offer them. Facebook is really Myspace made user-friendly. Wikipedia is really Encarta Encyclopedia but free and organic. Add to that list YouTube, LinkedIn, Twitter: they dont even charge for their services but get their money from advertisement.* Inherit or marry into money :)
      Answer5:Ways you can get rich:1. Become a high paid person (doctor, lawyer, banker, fund manager (sucks now)).2. save cash and invest it in real estates (best thing to do now).3. Marry someone wealthy.4. Invent something or become a star (sports, entertainment etc).In my area almost every single house is over 1 million dollar so its not really upper class. You can afford such house, and have a fine life with around 4-5 million dollar (net worth) or a constant income of around 300K a year.
      Answer6:Its not just what kind of job you have that makes you rich. A large part of it is how you handle your money. If you talk to someone who made their millions in steads of inheriting it theyll probably tell you it took time and effort..... like living under their means for a while. So get rid of your debts, save money and invest. Take a financial class like Dave Ramseys "Finance Peace" . Its not just for people who have huge debt. He had millions, lost it all and gained it back over time with the same techniques he teaches. Now hes a multimillionaire. Its worth looking into

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