Notesale: Turn your study into money

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Easy Ways to Get Rich

Method 1 of 5:Investing

1
Put money in the stock market
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For instance, if you have one million dollars invested and
you get a reliable 7% ROI, that's $70,000 per year, less inflation
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Buying and
selling dozens of stocks every day is essentially gambling
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It's not a good way to
get rich
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Choose good stocks with solid fundamentals and
excellent leadership in industries that are primed for future growth
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Don't do anything with it
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If you invest wisely, you
should do very well over time
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Keep saving
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Some feel they may never be able to retire
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The tax
treatment they embody will help you save faster for retirement
...
While it's a good bet that Social Security
will continue to work for the next 20 or so years, some data suggest that if
Congress doesn't radically alter the system — either by raising taxes or reducing
benefits — Social Security won't be available in its current form
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In any event, Social
Security was never designed to be the only resource for retirees in their later
years
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

Invest in a Roth IRA
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That money is then invested
and gathers compound interest
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

Contribute to a 401(k) account
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Your employer may choose to match all
or part of your contributions
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3
Invest in real estate
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As
with any investment, there are no guarantees
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Such investments are likely to appreciate in value over
time
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4
Invest your time
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But if you were to invest those few
hours into getting rich, you could work towards having 20 years of free time (24
hours a day!) with early retirement
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"

5
Avoid purchases that are likely to depreciate rapidly
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As soon as
you drive a new car off the lot, it depreciates about 20%-25% in value and
continues to do so each year you own it
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Don't spend money on stupid stuff
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But it's
hard and painful when the things you spend your hard-earned cash on are
financial black holes
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Try to figure
out whether they are truly "worth it
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The lucky few make money
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6
Don't spend money on stupid stuff
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But it's
hard and painful when the things you spend your hard-earned cash on are
financial black holes
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Try to figure
out whether they are truly "worth it
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The lucky few make money
...




Vices such as cigarettes
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

Huge markups like candy at the movie theatre or drinks at a club
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You can get skin cancer for free outside if
you'd like
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

First-class plane tickets
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2 cm) of leg room? Invest that money instead of
throwing it away, and learn to sit with the rest of us!

7
Stay rich
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Your wealth is
always going to be affected by the market, and the market has its ups and
downs
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If you get a promotion or a raise, or
if your ROI goes up a percentage point, don't spend the extra
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Method 2 of 5: Enrichment Through a Career

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1
Excel academically
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In the early
stages of a career, your employers have little by which to judge you besides your
educational background
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2
Choose the right profession
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Your odds of getting rich are diminished
if you pursue a career in teaching as opposed to a career in finance
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Anesthesiologists make a whopping $200,000+ per
year
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Engineers who work with gas and oil companies can make
a very good living
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

[4]

Attorneys
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

IT managers and software engineers
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IT managers regularly
make $125,000 per year
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Go where the good jobs are
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If you want to build a startup, you'll probably want to
consider going to Silicon Valley
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4
Get an entry-level job and work your way up
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Apply
to many places and subject yourself to lots of interviews
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5
Change jobs and employer
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By changing your environment, you can increase
your pay and experience different corporate cultures
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If you're a valued employee, it's also likely your current company
may offer you a raise or other benefits if they know you're looking at leaving
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It's one of the best feelings in the world when you can
get paid to take home stuff you regularly use
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At worst, you'll save a few extra bucks that you can
tuck away for a rainy day
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2
Buy in bulk
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If
you can borrow or buy into a membership to a bulk retailer like Costco, it can
make real financial sense
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

If you're hungry and you like chicken, buy four pre-cooked Chickens at Costco at
the end of the day, when they go on sale
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50 each, meaning that you get at least ten hearty meals for about $1 each!
Freeze any chickens that you don't eat immediately
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Up to 40% of food in America goes to waste before it is
ever eaten
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Be smart about the food that you buy
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Food wasted is money wasted
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Electricity, gas, and other utilities can deeply impact
your monthly budget if you let them
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Be smart about ways to keep your
home cool during the summer and warm during winter
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Keep your utilities low, and watch the money you save start to mount
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This will allow you to find out how many dollars are
seeping out of your home in the form of lost energy
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It should cost
anywhere from $300 to $500, which isn't cheap, but it could help you save much
more than that over time (especially if you decide to re-insulate the home)
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You may need to invest in gear and permits,
but if you already have these, this is an inexpensive way to get your own food
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Just make sure to forage only for food whose origin
and properties you are sure of
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Go deer hunting, duck hunting, or turkey hunting



Go fishing or fly fishing

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Choose edible flowers, pick wild mushrooms, or forage for food in the Fall



Start guerrilla gardening or build your own greenhouse

Method 4 of 5: Saving Money

1
Pay yourself first
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Do this every time you get paid and watch your account grow
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Create a monthly budget that covers all of your
basic expenses and leaves a little bit of "fun" money aside
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3
Downgrade your car and house
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4
Cut expenses
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For example, avoid going to Starbucks every morning
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To soar your efficiency on cutting your expenses, it
is vital to keep track of them
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After 3 months or so, you should be
able to know where most of your money go and what can you do for that
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In 2007, the average American tax refund was
$2,733
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7
Break up with your credit card
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Using a credit card doesn't carry that much
of a sting
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You'll probably end up saving a boatload of money
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Try to pay off the
full balance each month and on time
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At the
very least, make the monthly minimum payment before the due date to avoid a
late fee
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Refinance to a lower rate or to a 15-year loan
instead of a 30-year loan
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For example: A $200,000 mortgage on a 30-year loan will cost you another
$186,500 in interest payments, so you are actually paying a total of $386,500

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over the course of 30 years
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That's money in your pocket

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