Sunday, December 1, 2013

Quick Tips to Riches: Investing

Becoming rich will often require doing very risky things. I will not advocate quitting your job and opening up some sort of business but it will sometimes need to happen. You will never become rich working for someone else.

•Invest money into low risk stocks, bonds, or other investment oppurtunities. If you invest a million into a safe bond, you should be able to make 5-7% rate of return every year. 

•Invest into rental property to keep a constant flow of money coming in for decades.

•Invest your time into getting rich. Every hour that you don't work getting rich, someone else is somewhere else. 

•Avoid buying things that lose value rapidly like vehicles. Cats lose 20-25% of its investment once you leave the lot. 

•Avoid buying stupid things such as cigerettes, lottery tickets, and candy at the movie theater.

Once you become rich or at least wealthy, stay rich. As the market goes up and down, so will your wealth. If you stumble across more money, invest or save it. Trust yourself when investing and don't hesitate. 

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