mike and me

mike and me
Punta Cana, DR

Inspirational Quote

Life isn't about waiting for the storm to pass, it's about learning to dance in the rain.

Monday, February 5, 2007

How to Get Rich?

Most people can only dream about getting rich but what if I told you there are actual steps that you can follow to put yourself in this position. I am not talking about winning the lottery, being born into money or being famous. I am talking about being smart with the money that you make to make this dream a reality. You can start by first getting a well paying job. Almost anyone can get a job making $100,000 a year, if they are willing to put the work in. You will also need a good accountant who understands how to legally minimize your tax bill. Now that we have covered the first two steps in this process. We need to figure out what to do with the money that is made with this well paying job. You can start by saving at least 20% of what you make. Depending upon your situation saving more would be recommended. Then after you build up these funds in your savings account, it is suggested that you conservatively invest the funds that you have built up in your savings account. Then any income that is made from your assets, you want reinvest this into buying more assets. Never touch any of this money, and try to act like it does not exist. After waiting 10 years, you will be rich.

4 comments:

c.tuck said...

It sounds like you know what you're talking about

Drew444 said...

nice

jjungydotcom said...

I like how you would invest your money, so in the long run you will actually end up with more than what you started with. Let's get PAID!

dwater24 said...

MUEY BIEN...Looks very familiar!