[Valid Atom 1.0] DRIVING LIFE .....: How To Get Rich

Wednesday, February 6, 2008

How To Get Rich

There's a lot ways of making good money. Doing agriculture, fast food, "slow food", furniture, packaging, services etc doesn't matter as long as it bring us "life"and satisfying. However to be rich some method can be implemented to encourage saving money and not just spending ....

1) Buying something worth big money like car, house etc with cash is not the optimum way of using money. With limited money we get per month, it usually rather wise to rent -buy the properties and again rerent them to others. At the same time we get both the properties and the rent that pay our rental cost.

2) Use second hand product.In that matter we don't have to pay the real price of the product. Clothes for example doesn't necessary need to be all trendy and pricy as long as it is comfortable. And when you done with your "outlayer skin" there's some bundle shop where trade can be made. There's also used or discounted cars in the market.

3) Invest money in bond stock or unit trust is better than saving it in saving account. Avoid investing in one particular scheme to distribute and minimize the risk. Some bank even cut the life of their investment schemes, so why choose something less when we can get much better.

3)Avoid credit cards and debt. It feels good when we can loan but for many people the paying back period is very difficult, especially when there's no profits gained from the loan. The interests also can be a part of the major problem when the loaner just paying the minimum amount a month to the bank. As the result, it will takes months or years just to pay for the interest rates. Save your own fund for emergency case and invest it to make it prosper.

4)Get enough motivation from the rich themselves. Some of them really eager to share their pathway for the good of mankind. Some also advertise so that the others can join them and benefited both the advertiser and people who join them.

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