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rupert
Supreme tranceaddict
Registered: Aug 2001
Location: bris vegas
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my favourite topic- Money?
A previous poster pretty much nailed it, a good education and a good job and regular savings are a good start. You might not get rich but you wont be poor.
There are a few ways to get rich.
1) be born rich
2) Steal it, deal drugs etc
3) be lucky, as in be in the right place at the right time like Bill Gates.
4) the slow and gradual way, borrowing money to enhance your own savings either through your own business or through investment.
There is no such thing as a way to get rich quick legally. That said the only way to get rich is to take risk.
I would strongly suggest if you get a good job, ie you are lucky to land a professional or trade job save straight away. Dont wait, the magic of compound interest means regular savings can make your balance sheet look good in 20-30 years.
If you get a burger flipping job or any other minimum wage job dont bother you will never get rich the system is designed to make sure you can barely keep your head above water let alone get rich.
Which brings about the question, invest your savings in what. Most financial planners suggest diversification. The best asset to have in the long run are shares. Its that simple. They will outperform any other asset class.
There is plenty of literature on the internet and books on the subject of wealth creation, if you were serious about it, you might want to suss them out.
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Aug-05-2002 09:14
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