Easy Ways to Get Rich Fast (Revealed)
Becoming rich is one of the greatest things you can do with your entire life. It is advisable to get rich rather than choosing to become a poor individual. This short article can give you an idea on how to achieve your goal in becoming wealthy. You don’t have to compete with other high net worth individuals like Bill Gates and Warren Buffett. All you need to do is to learn; “when can you consider yourself wealthy?”.
Now, let us answer that question. When is a person wealthy? The answer is, a person is wealthy when he has enough money to spend for his lifestyle expenses without working. Example, your monthly lifestyle expense is worth $2,500 and you have only $10,000. That means, your wealth is good only for 4 months. Now, estimate the specific amount of money you want to acquire in a shorter period of time.
Learn by reading books on how to become wealthy in few years period.
|Think and Grow Rich|
Things Needed: Here are the things needed when doing this tips. Preparing this things can help you achieve your goal easily.
- Dream Board
- Bank Account
- Ideas and Self Confidence
Here are the step by step procedures on how to get rich fast, following this steps is just an option. This is just an opinion and some are based on my own experiences.
Make a Dream Board. Cut a picture of your dream house, dream car, dream vacation and dream lifestyle that you can see in a magazine or in a news paper. Your dream board is your “reminders” reminding you to do whatever it takes to achieve your goal.
As a guide, see my own dream car and my dream home here..
Open a Bank Account. Most of us already have a bank account. If you have no bank account savings, go to your favorite bank and get one. This will be use when you want to borrow money from the bank. A bank can easily grant you a loan once they found out you have an account with them.
Leverage Investing. What is meant by leverage investing? If you want to get rich fast, you have to do leverage investing. This simply means you have to use other people’s money to make money. And use other people’s time by hiring someone to do the task easier.
As a guide, please read the profitable leverage investing.
Think Business Ideas. You have to think what niche you want to build in a business. Go for big niches. But, even small niches can possibly help you to get rich fast. How? Once you know what business you want to build, borrow large amount of money (we’re talking millions here) and invest that money for your business. Example, if you borrowed one million dollars that has a loan interest rate of 9% per year and your investment capital can give you a return of at least 15% (which is easy to achieve), that simply means you are earning 7% every year. 7% of $1,000,000 is $70,000.
Examples of business ideas that can easily to build are as follows;
Becoming an affiliate of a company that has a product you know already. Example; car affiliates, computers, flowers, roof, health products, etc.
If you don’t want to become an affiliate. Build your own business by selling your own products. You can create your own food products and sell it. Or, build your own restaurant. There are many niches you can choose from. Just choose the one you are passionate about.
Master the Number Game. To get rich fast, one of the best thing you should learn is the “number game”. Example, how much money to earn per day to acquire one million dollars in one year?
365 Days X $2,740 Per day = $1,000,000 or more. This simply means you have to earn $2,740 per day if your goal is to make one million in one year. If you have a product that can give you a profit of $10, how many products should you sell to earn $2,740? The answer is 274 products. Can you sell it yourself? If yes, that’s good. If not, do the leveraging. Hire people to sell it for you.
As a guide, learn how to make a millions dollars.
I have no capital to invest, what should I do? Again, do the leverage investing. Borrow money for your business capital. You have to use other people’s money to make money. It is easy to borrow money as long as you have the purpose where to really use it. The bank will grant you loan for business purposes rather than a loan to use only for self-pleasure. (eg, vacation, gadgets, etc.)
Tips and Warnings
Although leverage investing can help you to get rich fast. You have to be very careful with it. You have to analyze the risk that might possibly occur. Make sure you prepare yourself to those risks. The best ways to minimize risks is to know and manage it. Do not borrow money if you will just use it for self-pleasure or to impress other people.
Educate yourself, attend entrepreneurial seminars or investing seminars. If you have no time, you can just read the best personal finance books that can help you to get rich. As a guide, read the best personal finance books ever.
Be wise enough! Analyze the possible return on your investment. Do not invest your borrowed money that can give you an earned interest lower than your loan rate. If you have any question, feel free to write it in the comment box. Do not forget to share this page to your friends who also wish to get rich fast. I do hope you like the ways on how to get rich fast written here at InvestmentTotal.com. Thank you!