I’m sure we all asked it before: “How can I get rich?” For those of us who haven’t been fortunate enough to be born with a silver spoon in our mouths, life can be a very frustrating, constant struggle. There are a few ways of becoming wealthy – some require harder work, some less – but if you stick to one of the following, you’ll be sure to increase your chances of a place in the Forbes’ list!
1. Work hard:
If you have a great idea and you are very fearless enough you can set up your own company. In this case, I think your best bet would be to start or join a start-up. That’s been a reliable way to get rich for hundreds of years. The word “start-up” dates from the 1960s, but what happens in one is very similar to the venture-backed trading voyages of the Middle Ages.
If hard work isn’t one of your specialties, you could try one of those:
2. Inherit it:
This is how today’s old money families got their wealth. In the 1800’s and early 1900’s, before anti-trust laws, income taxes and political correctness, America’s finest families built empires and amassed great wealth; in industries such as oil, banking, newspapers, sugar, transportation, land, bootlegging and even prostitution. And that original wealth was passed down to succeeding generations. The number one easiest and fastest way to acquire wealth is to inherit it. Unfortunately, inheriting wealth is mainly a matter of blood; you have to be born into the right family.
3. Marry it:
If you can’t inherit it the second easiest and fastest way to acquire wealth is to marry someone who is already wealthy. And sometimes that person may even be kind, generous, compatible and loveable. And, if not, divorce can pay off handsomely. Just remember to get married (and divorced) in a state that has favourable community property laws.
4. Win it:
If you can’t inherit wealth, can’t marry it or can’t work for it then maybe you can win it. Lotteries abound, paying out multi-million dollar jackpots, and eventually someone always wins them. Unfortunately, you have a greater chance of being struck by lightning then winning the lottery. But, hey, it only costs a buck!
5. Invest and get rich:
There are two good ways to invest and get rich: the real estate market and the stock market.
According to historical data real estate goes up an average of 10% a year. So getting rich in real estate tends to take a long time. And also requires a large down payment. Seems to be hard to get rich quick that way.
On the other hand, the stock market can be a good way to get rich. Stocks can go up dramatically over a relatively short period of time and make you rich but you have to have the money to invest and you have to pick the right stocks at the right time.
Photo credit: http://www.guardian.co.uk/money/blog
By Daniela Schichor