Showing posts with label Rich. Show all posts
Showing posts with label Rich. Show all posts

Thursday, August 27, 2009

Top 7 Ways To Get Rich

The top 7 ways are as follows:

1. Inherit it
2. Marry it
3. Work for it
4. Win it
5. Steal it or deal it
6. Gamble for it
7. Invest for it
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.
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 lovable. And, if not, divorce can pay off handsomely. Just remember to get married (and divorced) in a state that has favorable community property laws.
Work for it

If you can't inherit wealth and can't marry it then you can work for it. People rarely get rich having a job. Rather, they build a company and own it. And then often take that company public, collecting hundreds of millions, or billions, of dollars in doing so.
Or, they invent something useful and valuable which greatly benefits society, such as explosive devices like dynamite, or the paper clip or the thigh master or eBay.
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!
Steal it or deal it

If you can't inherit wealth and you can't marry it, work for it, or win it then maybe you could steal it or deal it.
You could become a CEO or chief financial officer for a big cash-rich company, cook the books, steal millions of dollars, buy a $20 million dollar home, lie to the feds, and hope you don't get caught, convicted and sent to Club Fed. I don't recommend anyone try to get rich this way.
Also not recommended is to deal it; to become a drug lord and generate hundreds of millions of dollars in cash dealing heroin, crack, meth and other non-FDA approved goodies and wholesaling it to pushers who will gladly resell it to anyone to wants it, ranging from children to movie stars. After all, aren't drug dealers just supplying what people want; even if it creates crime, ruins lives, kills people or could put you in jail for the rest of your life. Not a legal (or moral) way to get rich.
Gamble for it

If you can't inherit money, can't marry it, can't work for it, can't win it, can't steal or deal it then maybe you could gamble for it.
Over 50 million people play poker. A few even make millions of dollars at it. You've seen them on television, winning or losing upwards of a million dollars on the turn of a card. Looks easy, doesn't it? They don't look so tough on TV; I bet any decent poker player (like me for instance) has a good chance of beating them on a lucky day.

So maybe you could simply plunk down $3,000-$25,000 per tournament entry fee, or get a backer, join the World Poker Tour, win a few tournaments and get rich! Or maybe, in reality, the average amateur poker player has a snowball's chance in hell of getting rich that way.
Invest and get rich

If you can't inherit wealth, can't marry it, can't work for it, can't win it, can't steal or deal it or can't gamble for it then maybe you can invest and get rich. There are 2 good ways to invest and get rich; the real estate market and the stock market.
According to historical data, over time, real etate goes up a average of 10% a year. So getting rich in real estate tends to take a long time. And also requires a large down payment. 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.

Monday, August 24, 2009

Top 5 Richest People In the World


1. Warren Edward Buffett is now officially the most richest person in the world. Most people wouldn’t have guessed he would be the most richest person – because he have donated billions of money to charities. But seems like the old cliche says – you do good, good things happen to you. His net worth is $62 billion. And he is the America’s most beloved investor. His father was a Nebraska politician. As a young boy, he delivered newspapers and filed his first tax return at age 13 – and he claimed $35 deduction for the bicycle he bought. His company Berkshire Hathaway’s shares has increased 25% since the middle of last July.



2. Carlos Slim HelĂș from Mexico is the second richest person. His net worth is $60 billion. He is a son of Lebanese immigrant. He started to make money when in 1990 he bought the fixed-line operator Telefonos de Mexico (Telmex) in a privatization.




3. William H. Gates III: Now here is your favorite. Bill Gates net worth hasn’t really increased much and doesn’t seem like it would – it is still $58 billion. He dropped out of Harvard university 13 years ago to start the Microsoft company that creates software and applications for computers.


4. Lakshmi Mittal is Indian, but lives in UK. He has $45 billion. He is the head of world’s largest steelmaker, ArcelorMittal, which accounts for 10% of all crude steel production. It just delivered 580 tons to be used in construction of the World Trade Center memorial in New York. With a 44% stake, he is the company’s largest shareholder.



5.Mukesh Ambani is the Asia’s richest person. He is Indian and the head of petrochemicals giant Reliance Industries, India’s most valuable company by market cap. His fortune is up $22.9 billion since last year, making him the world’s second-biggest gainer in terms of dollars. His current net worth is $43 billion. Mukesh is using some of his money to build a 27-story home.