Topic: How too get rich - page 217. (Read 414983 times)

i like it
sometimes i get hopeless, and lose my dream, because i try hardworking but my earning still not enough to life
but i trust if i believe and follow my dream, one day i can achieve whatever you want

some time you can't choose what you love, it's not really that direct and feasible in most cases, the vast majority of people end up doing what they don't like

and because of this they are not willing to rise in rank at their job, and earn more as a consequence

other time the way to go to have the job that you have always dreamed, is to hard to surpass, or you don't like it

for example game designer was something that i dreamed about, but i don't want to do programming to be good at it, i just want to give my idea when they are making game(rts)

what you said is absolutely right, work hard and more over work faithfully and dont cheat perfectly said.


this is also right this all happens when they become greedy and they start to invest in scam and then after loosing they cry for it. but still their are people who slowly earn and now they are rich.

Rather than working hard, Work in a smarter way, First of all start loving whatever job you do. Without the love for the job one can't be dedicated in that work. So,Its better to start loving the job. Don't ever think of cheating other while becoming rich."Things that come easily go away very easily"

I know quite a few of these "early adapters ". Unfortunately, very few of them got rich. They either mined their coins in 2011 and 2012, or purchased them with fiat during the same time period. But 90% of them sold their coins before it reached its peak valuation. And a large number of them actually lost their coins to various scams, robberies.etc.

Do you realize that many people got rich from bitcoin because they typed "Bitcoin" into google in 2009.

You can get rich from typing something in, you just have to find the right keyword lol.

But some people's current job was typing something on net, and some of them managed to be rich. But you got a point , still you can't stop people here typing cuz they really have a faith on bitcoin, that someday bitcoin will make them rich (including me )

WOrk hard and don't expect too much. Believe and follow your dreams. When you work very hard and you have belief in yourself
you can achieve whatever you want, sky is the limit and one day the world will look upto you once you succeed, remember rome was not build in a day.

Most early adapters just typed something into this forum since 2010, and they made quite a lot of money just by typing and getting knowledge about bitcoins.

WOW ! Great idea. I might try this out.

Well obviously, "never lose money" phrase has the world lose on it. Losing means in this context basically wasting it. So of course you can buy food and rent, it just implies that you shouldn't waste it on unnecessary stuff that isn't crucial. Only this way you will be able to save any relevant amounts of money at the end of the month.

This is very true, unless your job is something that nets you a couple thousand dollars a day (which is very rare). Even creating a business won't work or has a small chance of succeeding. You are likely to end up losing money rather than being a millionaire.

So if you wanna be rich,all need just to start doing smth instead of typing something in the net.

Of course man, I would put that much money on bitcoin cuz its somehow risky as its still an investment. To be honest I never bought a bitcoin with my money, all of my bitcoins were hard earned online And also of course, I am not in rush to be rich cuz I know time will come that we will be Thanks for the kind words man!

How to Get Rich in 3 (Really Difficult) Steps

Step 1: Ignore Your Mother

Parents around the world typically encourage their kids to get educated so they can get a "good job," and perhaps become a doctor or lawyer, although neither tends to be a path to significant wealth. High-paying professions provide an excellent income stream, but two insidious forces undermine the professional's ability to create significant wealth: tax and spending.

Tax

It is difficult to become wealthy on the basis of a salary alone. Since income is taxed at the highest possible rate, you're left with not much more than 50 cents on the dollar.

Spending

The other problem with having a high income is that it creates a wealth effect that triggers spending. Thomas J. Stanley, the famous author of the research-driven classic The Millionaire Next Door, points out that some professionals--in particular lawyers--spend a large portion of their income to give the impression that they are successful, in part because they do not enjoy much social status from their job. In other words, when you earn $500,000 a year, you buy a Range Rover or send your kids to a fancy private school at least in part because you want people to think you are rich.

Step 2: Start Something

Most wealth in America is created through owning a business. Recently, Mass Mutual looked at the proportion of business owners that make up a number of wealth cohorts. They found that 17 percent of people with between $100,000 and $500,000 to invest were business owners.

Keep in mind there are about 8 million employer-based companies in the United States, meaning the incidence rate of business ownership (the natural rate at which you find business owners in the general population) is about 3 percent. Said another way, if you grabbed 100 people walking down the street, on average three of them would be business owners. On the other hand, if you took a random sample of 100 people with investable assets of between $100,000 and $500,000, 17 of them would be business owners, meaning you're more than five times more likely to find a business owner in the $100,000 to $500,000 wealth segment than you are to find an employee.

The trend becomes more pronounced the higher up the wealth ladder you go. If you look at wealthy investors with between $500,000 and $1,000,000 in investable assets, you'll see that the proportion of business owners in the segment goes up dramatically--to 27 percent.

The Very Rich

Among investors with between $1,000,000 and $10,000,000 in investable assets, the proportion of business owners jumps to 52 percent. Sixty-seven percent of investors with $10,000,000 to $50,000,000 sloshing around in their bank account are business owners, and 86 percent of investors with $50 million dollars or more in investable assets are business owners.

Simply put, if you meet someone who is very rich, it's highly likely they are (or were) a business owner.

Step 3: Get Liquid

The next step is to focus on improving the value of your business so that you can sell it for a premium. Just being a successful entrepreneur is not usually enough to become rich. You have to find a way to turn the equity you have locked up in your business into liquid assets. When it comes to selling your business, the three most common options are:

    Acquisition: This is the headline-popping way some entrepreneurs choose to trade their shares for cash. When Facebook acquired WhatsApp for $19 billion, founders Brian Action and Jan Koum got very rich.
    Re-capitalization: A minority or majority "re-cap" occurs when you sell a stake in your company (often to a private equity firm) yet continue to run your business as both a manager and part owner with a chunk of your wealth in liquid assets outside of your business.
    Management Buyout: In an MBO, you invite your management team (or a family member) to buy you out over time, usually with a mixture of some cash from the profits of your business and debt that the managers take on.

There are other, less common ways to turn your equity into cash (e.g., an IPO) but the key is turning the illiquid wealth in your business into diversified liquid wealth. The best part about selling a business is that the wealth created is taxed at a very low rate compared to employment income, so you get to keep most of what you make.

You might argue it is better to keep all of your wealth tied up in your business as it grows, but that can be a risky proposition--just ask Lululemon's Chip Wilson or BlackBerry's cofounder Mike Lazaridis. If you keep your money locked up in your business, it also means you may not be able to enjoy the benefits of wealth. You can't use illiquid stock in a private company to buy an around-the-world plane ticket or a ski chalet in Aspen. You actually have to get liquid first.

There are many good reasons to build a business, and for you, wealth creation may not be as important as making an amazing product or leading a great team. But if money is what you're after, there is no better way to get rich than to start and sell a successful business.

To become rich you must take the proper steps on the right time.
Guys let me tell you one thing
                My journey toward Bitcoin
 one of my friend  use to be a very good user of internet we guys use it for fun but like most of the people he use it for research works and to discover new facts and figure about this amazing global world. As the time past he discover this Bitcoin  he discover new things how to get them? How to earn them? For 3 years he worked hard and now he is in a very good position .
He motivated me he was my real innovation he is my inspiration  now i join this Bitcoin forum because he said he will help me to be like other bitcoin holder and now see i take this step and now i am one of you i just started  but i hope that i will be rich .
One more thing don't be in this line to be rich just enjoy this world the richest person in this world is not one who has Money the richest person in this world is that who is happy, try to spend time here to get happiness and to share happiness  among the people.

Everyone of us here hope the part bolded in your post and there are people which are less sure and other more sure about the higher price of bitcoin in the future. Maybe there is even someone (one of those am and I) that are almost sure (but me with conditions) that one day (which will be in a remote future) the price will be very high. But I haven't read no one that had hopes that the price will go very high (pump out) in the near future. It is a hope that this price will go high with the halved and than can be true. But go very high this is the first time that I hear that. I hope that your desire become true but I want to advice you to not put to much money in buying to much bitcoins if you want fast profit from it. I don't believe that you will have it so easy and so fast.

There's a lot people become millionaires because of bitcoin and most of them were the early adopters of bitcoins. So investing on bitcoin can make anyone rich and it's indeed a good investment. Personally I'm looking forward to become rich because of bitcoin, especially when the price will pump out in the near future (hopefully)

It's up to you.
Try to work hard and you should know how to hold or invest your money if you want to get rich.

Even working for 24 hours straight wouldn't get you rich.
Doing a business might get you in there but apparently, most businesses often fail to succeed because they can't seem to be offering that single unique service in which their customers could actually use and have a unique experience at the same time.

The best ways is by investing yourself on self-development. learn new things with open-minded.