Topic: The rules of staying rich - page 2. (Read 1703 times)

The rules of staying rich - don't gamble and work hard 

the rule is to make people and things earn money for you and not you working for money. I think rich dad poor dad book explained this nicely.

Not nough to have a lot of resources. If you want to be really rich, you need to know how to use it really smart, i think.

I've read it, don't worry.
So it's easy to get rich, but the only easy way presented is illegal; of course, you can get caught, so it's better to stay legal. So, back to step one: how is it so easy to get rich (materially)? From what I see in the world most people find it pretty difficult, me included.

All the steps help indeed to get some more money, but from that to get rich there's still quite a step.
I liked most the "Don't spend excessively . your car is just to get you between 2 places not a way to show off" part, when I use bus mostly.

I agree with you except the 2 point of your description. It's true that a car is only a mean of transportation which takes you from point A to point B but my friends in the office are saying it is very important how you make the transportation of yourself from point A to point B. A little bit of showing off is always good for your self estimate.

Yes, rich people put their trust in contracts and signed papers.
if you are in a business you know how cruel it is, you would see how people can be greedy.

Evidently you can't read.  The bolded sentiments were two separate parts entirely.  Notice how he said "Any fool can rob a bank and have millions but eventually hes gonna get caught and lose all his dough."

That bolded part is specifically why not doing anything illegal was his first step.

Learn to read before you call someone else's logic flawed.

i can agree with some of the things but not all of them, sometimes in order to remain rich you got to act to gain more money or connections, and you have to trust people and take risks.

Please teach me how to get rich, I promise that I will make sure I'll stay rich after that.
The two bold things contradict each other. And since your logic was flawed from start, I know for sure that you cannot help me.


Now, I have a family, I have 2 wonderful kids, so I am rich already. I will try to remain rich

#12 read more about economics and personal finances, because very few people really know what to do with their money.

Btw, speaking of btc investments and trading, what books would you recommend to read? I`, looking for them.
My favorite about trading is "Lizard brain" by Terence C. Burnham.
So, what are your suggestions?

Being frugal with your money. Make better decisions. Work hard

Getting rich isn't that hard. It's staying rich that is.Any fool can rob a bank and have millions but eventually hes gonna get caught and lose all his dough.
so here's how you do it.
#1. Don't do anything illegal if there are possibilities of you getting caught because its very likely you will
#2.Don't spend excessively . your car is just to get you between 2 places not a way to show off
#3.Always put money into assets. things that will make you more from what you already have.. such as FD's, blue chip companies etc
#4.Learn the difference between being rich and being wealthy its crucial
#5.Always try to get more money faster than you did before ie there should be growth at the rate at which you acquire money
#6.Always keep thinking about how you can make more money.
#7.staying rich is like a marathon that lasts your whole life its not a spront of 10 years
#8.Short cuts DO NOT work.
#9.Keep long term goals.
#10.DONT trust anyone. Greed is in everyone.

these are some basic principles of how you could stay rich but in lif nothing is gauranteed.so always keep yours wits abot you and keep looking for oppurtunites. Say a econmic crisis happens in your countryt and real estate hits rock bottom that means its the righttimeto buy.
Dont follow the masses .. theres a reason they arent rich or are poor.never try to spend money you dont have.A small house and a big balance is better than the opposite . Never use your emotions while doing anything financial.
and lastly ask yourself if you are a worker or a businessman